WEBVTT - Tesla Investigation; Oracle Higher on TikTok Talks; Webtoon-Disney

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news, The Stock Movers Report,

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<v Speaker 1>your roundup of companies making moves in the stock market,

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<v Speaker 1>harnessing the power of Bloomberg Data. Let's take a look

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<v Speaker 1>at some stocks on the move today. I'm Tom Keen

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<v Speaker 1>and Bloomberg's Lisa Matteo, Lisabel Mateo, lisabell I love it.

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<v Speaker 2>Let's start with Tesla. Ticker TSLA, so yesterday right to

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<v Speaker 2>share surge higher, right, but now they're starting to pair

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<v Speaker 2>those earlier gains. Shares are up just over one percent.

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<v Speaker 2>The reason why is because auto safety regulators they open

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<v Speaker 2>this investigation into the company. Right, it's the electric door

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<v Speaker 2>handles certain MODEWI vehicles. They could trap people inside when

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<v Speaker 2>they lose power, and it's a serious issue. They're talking

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<v Speaker 2>about incidents like children. There's reports of children being trapped

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<v Speaker 2>inside the cars when they lose power. So regularly just

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<v Speaker 2>saying due to those issues with certain MODEWI vehicles, low

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<v Speaker 2>voltage batter so that's the issue. Investigation is about one

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<v Speaker 2>hundred and seventy five thousand SUVs. But that investigation could widen,

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<v Speaker 2>that's what they're saying. But it just comes, you know,

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<v Speaker 2>just days after Bloomberg put out the story and did

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<v Speaker 2>the investigation on this very issue, incidents where people were injured,

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<v Speaker 2>people died because they were unable to open those doors

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<v Speaker 2>when the power is lost. Particularly this happens a lot

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<v Speaker 2>after crosses, So a very serious issue. So now yesterday

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<v Speaker 2>that surge starts to pair down just a bit to.

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<v Speaker 1>Say it's up.

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<v Speaker 2>I mean he bought I did not realize this. He

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<v Speaker 2>bought about one billion, correct, And that's why it serves yes, yes, thanks,

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<v Speaker 2>We'll go to Oracle articular RCL. Their shares a bit

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<v Speaker 2>up as much as five percent. This basically all comes

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<v Speaker 2>down to TikTok. The reason for this. Yesterday you remember

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<v Speaker 2>Treasury Secretary Scott Betsen, right, he said that there was

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<v Speaker 2>this framework to keep TikTok running in the US, that

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<v Speaker 2>it had been reached. So CBS is saying that Oracle

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<v Speaker 2>is actually among a group of companies that will allow

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<v Speaker 2>TikTok to continue operating in the US if that framework

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<v Speaker 2>of that deal is finalized. They say, the structure of

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<v Speaker 2>the deal not clear, but they're going to include multiple companies,

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<v Speaker 2>not clear what level involvement Chinese firms we'll have in

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<v Speaker 2>the deal. This is from CBS, but Oracle and TikTok

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<v Speaker 2>have not commented. But that's the whole reason why these

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<v Speaker 2>Oracle shares are rising a bit higher this morning. And

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<v Speaker 2>then we take you to Dave and Busters. It's ticker play.

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<v Speaker 2>I love that.

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<v Speaker 1>Here we go.

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<v Speaker 2>Have you been to one? I hadn't been to a

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<v Speaker 2>d Highbusters.

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<v Speaker 1>I honestly didn't know what it was.

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<v Speaker 2>I had some research. Its you just sent in your stuff.

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<v Speaker 2>You come in with a with a big of a

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<v Speaker 2>headache because it's it's restaurant. But it's a lot of games, right.

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<v Speaker 2>The kids love because there's video games and all kind

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<v Speaker 2>of games if you want to do you know, what's

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<v Speaker 2>at ski ball or anything like that. Their shares have

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<v Speaker 2>been down as much as fifteen percent, so the reason

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<v Speaker 2>why it reported adjusted earnings per share. Revenue for the

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<v Speaker 2>second quarter came in below estimates, so investors didn't like that.

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<v Speaker 2>The company opened three new locations in the quarter. They

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<v Speaker 2>say they're going to expect to open a least five

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<v Speaker 2>more over the next six months, but they just weren't

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<v Speaker 2>happy that they just didn't meet kind of those estimates

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<v Speaker 2>and it fell below.

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<v Speaker 1>They got Margs for five dollars.

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<v Speaker 2>Marks really Margarita, Lisa, you and I didn't know right

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<v Speaker 2>on top of me. I just google that they have

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<v Speaker 2>a Midtown Manhattan. Yeah really, no, that's really I don't

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<v Speaker 2>think you can find five dollars Margaritas in midtown Manhattan.

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<v Speaker 1>No, but well this is the Widow.

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<v Speaker 2>Let's go. They got a Brecky smash burger. Oh yeah,

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<v Speaker 2>it's it's a it's a good time. Like if you

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<v Speaker 2>want to go and just but you do. It's it's

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<v Speaker 2>a lot. It's a headache. You come out of their

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<v Speaker 2>head pounding sometimes, but it's a lot of fun. I

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<v Speaker 2>want to end off swe more Yes, one more Webtoon

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<v Speaker 2>Entertainment wbt N because their share has been up as

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<v Speaker 2>much as forty seven percent. It's all things to Walt Disney.

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<v Speaker 2>They're they're bringing a lot of their marquee comics to

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<v Speaker 2>this new digital platform and app. They planned to ak

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<v Speaker 2>WHI are two percent equities interests in the company. So

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<v Speaker 2>now you have thirty five thousand comics from Disney, Marvel,

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<v Speaker 2>Star Wars, twentieth Century franchises. They'll be available now on

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<v Speaker 2>this single subscription. So it's an expansion. They used to

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<v Speaker 2>have Marvel Unlimited. It was about ten bucks a month

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<v Speaker 2>offered access to about thirty thousand comics. So now this

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<v Speaker 2>has expanded Disney Plus subscribers it can get access to

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<v Speaker 2>certain selection, but it's a big, big boost for US

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<v Speaker 2>for webtoon entertainment.

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<v Speaker 1>The Stock Movers Report from Bloomberg Radio. Check back with

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