Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The Stock Movers Report,
Speaker 1: your roundup of companies making moves in the stock market,
Speaker 1: harnessing the power of Bloomberg Data. Let's take a look
Speaker 1: at some stocks on the move today. I'm Tom Keen
Speaker 1: and Bloomberg's Lisa Matteo, Lisabel Mateo, lisabell I love it.
Speaker 2: Let's start with Tesla. Ticker TSLA, so yesterday right to
Speaker 2: share surge higher, right, but now they're starting to pair
Speaker 2: those earlier gains. Shares are up just over one percent.
Speaker 2: The reason why is because auto safety regulators they open
Speaker 2: this investigation into the company. Right, it's the electric door
Speaker 2: handles certain MODEWI vehicles. They could trap people inside when
Speaker 2: they lose power, and it's a serious issue. They're talking
Speaker 2: about incidents like children. There's reports of children being trapped
Speaker 2: inside the cars when they lose power. So regularly just
Speaker 2: saying due to those issues with certain MODEWI vehicles, low
Speaker 2: voltage batter so that's the issue. Investigation is about one
Speaker 2: hundred and seventy five thousand SUVs. But that investigation could widen,
Speaker 2: that's what they're saying. But it just comes, you know,
Speaker 2: just days after Bloomberg put out the story and did
Speaker 2: the investigation on this very issue, incidents where people were injured,
Speaker 2: people died because they were unable to open those doors
Speaker 2: when the power is lost. Particularly this happens a lot
Speaker 2: after crosses, So a very serious issue. So now yesterday
Speaker 2: that surge starts to pair down just a bit to.
Speaker 1: Say it's up.
Speaker 2: I mean he bought I did not realize this. He
Speaker 2: bought about one billion, correct, And that's why it serves yes, yes, thanks,
Speaker 2: We'll go to Oracle articular RCL. Their shares a bit
Speaker 2: up as much as five percent. This basically all comes
Speaker 2: down to TikTok. The reason for this. Yesterday you remember
Speaker 2: Treasury Secretary Scott Betsen, right, he said that there was
Speaker 2: this framework to keep TikTok running in the US, that
Speaker 2: it had been reached. So CBS is saying that Oracle
Speaker 2: is actually among a group of companies that will allow
Speaker 2: TikTok to continue operating in the US if that framework
Speaker 2: of that deal is finalized. They say, the structure of
Speaker 2: the deal not clear, but they're going to include multiple companies,
Speaker 2: not clear what level involvement Chinese firms we'll have in
Speaker 2: the deal. This is from CBS, but Oracle and TikTok
Speaker 2: have not commented. But that's the whole reason why these
Speaker 2: Oracle shares are rising a bit higher this morning. And
Speaker 2: then we take you to Dave and Busters. It's ticker play.
Speaker 2: I love that.
Speaker 1: Here we go.
Speaker 2: Have you been to one? I hadn't been to a
Speaker 2: d Highbusters.
Speaker 1: I honestly didn't know what it was.
Speaker 2: I had some research. Its you just sent in your stuff.
Speaker 2: You come in with a with a big of a
Speaker 2: headache because it's it's restaurant. But it's a lot of games, right.
Speaker 2: The kids love because there's video games and all kind
Speaker 2: of games if you want to do you know, what's
Speaker 2: at ski ball or anything like that. Their shares have
Speaker 2: been down as much as fifteen percent, so the reason
Speaker 2: why it reported adjusted earnings per share. Revenue for the
Speaker 2: second quarter came in below estimates, so investors didn't like that.
Speaker 2: The company opened three new locations in the quarter. They
Speaker 2: say they're going to expect to open a least five
Speaker 2: more over the next six months, but they just weren't
Speaker 2: happy that they just didn't meet kind of those estimates
Speaker 2: and it fell below.
Speaker 1: They got Margs for five dollars.
Speaker 2: Marks really Margarita, Lisa, you and I didn't know right
Speaker 2: on top of me. I just google that they have
Speaker 2: a Midtown Manhattan. Yeah really, no, that's really I don't
Speaker 2: think you can find five dollars Margaritas in midtown Manhattan.
Speaker 1: No, but well this is the Widow.
Speaker 2: Let's go. They got a Brecky smash burger. Oh yeah,
Speaker 2: it's it's a it's a good time. Like if you
Speaker 2: want to go and just but you do. It's it's
Speaker 2: a lot. It's a headache. You come out of their
Speaker 2: head pounding sometimes, but it's a lot of fun. I
Speaker 2: want to end off swe more Yes, one more Webtoon
Speaker 2: Entertainment wbt N because their share has been up as
Speaker 2: much as forty seven percent. It's all things to Walt Disney.
Speaker 2: They're they're bringing a lot of their marquee comics to
Speaker 2: this new digital platform and app. They planned to ak
Speaker 2: WHI are two percent equities interests in the company. So
Speaker 2: now you have thirty five thousand comics from Disney, Marvel,
Speaker 2: Star Wars, twentieth Century franchises. They'll be available now on
Speaker 2: this single subscription. So it's an expansion. They used to
Speaker 2: have Marvel Unlimited. It was about ten bucks a month
Speaker 2: offered access to about thirty thousand comics. So now this
Speaker 2: has expanded Disney Plus subscribers it can get access to
Speaker 2: certain selection, but it's a big, big boost for US
Speaker 2: for webtoon entertainment.
Speaker 1: The Stock Movers Report from Bloomberg Radio. Check back with
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