1
00:00:02,520 --> 00:00:08,800
Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The.

2
00:00:08,880 --> 00:00:13,160
Speaker 2: Stock Movers podcast, your roundup of companies making moves in

3
00:00:13,200 --> 00:00:16,480
Speaker 2: the stock market, harnessing the power of Bloomberg Data.

4
00:00:18,280 --> 00:00:19,919
Speaker 3: Let's take a look at some stocks on the move

5
00:00:20,000 --> 00:00:23,120
Speaker 3: today with us as Bloomberg News process at reporter Emily Graffeo.

6
00:00:23,440 --> 00:00:26,280
Speaker 3: She joins us here in the Bloomberg Business Week studio.

7
00:00:26,360 --> 00:00:28,320
Speaker 4: Emily, what's on your radar?

8
00:00:28,600 --> 00:00:32,640
Speaker 5: Okay, so I'm looking at shares of US shares of Spotify,

9
00:00:33,120 --> 00:00:35,479
Speaker 5: because that stock had fallen as much as four percent.

10
00:00:35,920 --> 00:00:40,000
Speaker 5: They're set to report earnings tomorrow. Spotify has gained thirty

11
00:00:40,000 --> 00:00:40,600
Speaker 5: five percent.

12
00:00:40,680 --> 00:00:42,519
Speaker 3: I was just going to say, into date, it's been

13
00:00:42,560 --> 00:00:45,000
Speaker 3: on tear this year, last year.

14
00:00:45,760 --> 00:00:49,160
Speaker 5: I don't claim to know any like inside knowledge into

15
00:00:49,159 --> 00:00:52,200
Speaker 5: Spotify as to exactly today why the stock is lower.

16
00:00:52,200 --> 00:00:54,280
Speaker 1: I'm assuming maybe it's profit taking.

17
00:00:54,320 --> 00:00:57,400
Speaker 5: Before the earnings, but in terms of what investors are

18
00:00:57,440 --> 00:01:00,760
Speaker 5: going to be looking for, how and when the company.

19
00:01:00,360 --> 00:01:01,680
Speaker 1: Will raise prices.

20
00:01:02,040 --> 00:01:05,240
Speaker 5: That's what Bloomberg News is writing today, because they're reportedly

21
00:01:05,280 --> 00:01:07,680
Speaker 5: planning an increase in Europe as soon.

22
00:01:07,520 --> 00:01:09,720
Speaker 4: As June, but not here in the US.

23
00:01:09,880 --> 00:01:13,960
Speaker 1: Hopefully, I don't know. Maybe they'll mention that tomorrow.

24
00:01:14,040 --> 00:01:15,880
Speaker 5: And then they also said today that they paid one

25
00:01:15,959 --> 00:01:19,600
Speaker 5: hundred million dollars to podcast publishers and creators in the

26
00:01:19,640 --> 00:01:22,440
Speaker 5: first quarter. But it would be hard to imagine that

27
00:01:22,560 --> 00:01:24,920
Speaker 5: would make the stock move down so much four percent.

28
00:01:24,959 --> 00:01:27,399
Speaker 5: But really that was only headline that we got out

29
00:01:27,440 --> 00:01:31,000
Speaker 5: of Spotify for today, so you may be profit taking.

30
00:01:31,080 --> 00:01:32,360
Speaker 6: So hovering near it's all time high.

31
00:01:32,400 --> 00:01:34,520
Speaker 3: Did you see what it did last year? One hundred

32
00:01:34,520 --> 00:01:37,600
Speaker 3: and seventy percent higher in twenty twenty four. Yeah, one

33
00:01:37,680 --> 00:01:41,240
Speaker 3: hundred and fifty seven percent higher in twenty twenty three.

34
00:01:42,160 --> 00:01:44,000
Speaker 3: I also think this is a sticky product in the

35
00:01:44,000 --> 00:01:46,200
Speaker 3: sense I don't know, are you a Spotify subscriber? I

36
00:01:46,280 --> 00:01:49,080
Speaker 3: am so am I and I don't anticipate ever going

37
00:01:49,120 --> 00:01:52,720
Speaker 3: to any other service because it knows me I have

38
00:01:52,800 --> 00:01:55,200
Speaker 3: all my playlists, not that they're that many.

39
00:01:55,280 --> 00:01:59,600
Speaker 4: Well your abba, no on my body bear Well.

40
00:01:59,440 --> 00:02:01,080
Speaker 5: We have been taught talking about I think it was

41
00:02:01,160 --> 00:02:04,720
Speaker 5: last week week we'd mentioned that Netflix was like tariff

42
00:02:04,800 --> 00:02:09,800
Speaker 5: proof and recession proof. Spotify seems similar, like a similar

43
00:02:09,840 --> 00:02:13,240
Speaker 5: story because sticky, it's it's sticky.

44
00:02:13,400 --> 00:02:14,360
Speaker 1: You know, Are you really.

45
00:02:14,160 --> 00:02:17,960
Speaker 5: Going to stop listening to music just because the economy

46
00:02:18,000 --> 00:02:19,120
Speaker 5: is in a recession.

47
00:02:18,760 --> 00:02:21,760
Speaker 1: Or it's a like off the charts, right, like yeah,

48
00:02:21,880 --> 00:02:23,799
Speaker 1: kind of suing it. Yeah, you can get so much.

49
00:02:23,880 --> 00:02:25,640
Speaker 4: Yeah, it depends on how much they raise prices.

50
00:02:25,760 --> 00:02:27,400
Speaker 6: Right, I'm listening to Madonna on the weekend.

51
00:02:28,360 --> 00:02:30,440
Speaker 4: A lot of podcasts too. Actually, come on.

52
00:02:30,440 --> 00:02:34,720
Speaker 1: You're among friends, Okay, Bloomberg podcasts obviously. Yeah, you can

53
00:02:34,760 --> 00:02:36,520
Speaker 1: get Bloomberg Business Daily.

54
00:02:36,960 --> 00:02:39,200
Speaker 4: Yeah. No, I mean you can get every podcast there.

55
00:02:39,200 --> 00:02:41,880
Speaker 1: Can, Burg Business week Daily podcast.

56
00:02:42,280 --> 00:02:44,280
Speaker 4: And weekend show. That's so true.

57
00:02:44,360 --> 00:02:47,840
Speaker 6: Okay, Boeing it's actually higher today. I feel like this

58
00:02:47,919 --> 00:02:51,280
Speaker 6: is another move step towards the Boeing of the future.

59
00:02:51,480 --> 00:02:54,080
Speaker 1: Yes, so that stock is up about two percent.

60
00:02:54,400 --> 00:02:58,639
Speaker 5: They had an upgrade at Bernstein to outperform from market perform.

61
00:02:59,000 --> 00:03:01,440
Speaker 5: They said the aircraft make is now making the progress

62
00:03:01,520 --> 00:03:05,760
Speaker 5: it needs for growth trajectory, although the analysts did note

63
00:03:05,800 --> 00:03:08,360
Speaker 5: that they can't assume all the risks are gone and

64
00:03:08,440 --> 00:03:11,760
Speaker 5: there are several piling up for Boeing that have been

65
00:03:11,960 --> 00:03:16,320
Speaker 5: piling up for a while now, namely high FA scrutiny

66
00:03:17,800 --> 00:03:21,240
Speaker 5: and just I guess the negative like negative headlines when

67
00:03:21,280 --> 00:03:22,280
Speaker 5: it comes to just.

68
00:03:23,760 --> 00:03:24,200
Speaker 1: All of the.

69
00:03:24,120 --> 00:03:26,480
Speaker 5: Troubles that this company has had and.

70
00:03:26,440 --> 00:03:29,280
Speaker 6: We did have Airbuss agreed to take over some assets

71
00:03:29,280 --> 00:03:33,440
Speaker 6: and sights from Spirit Aerosystems, which then clears the way

72
00:03:33,880 --> 00:03:36,480
Speaker 6: for Spirit to be acquired by Boeing, which they're bringing

73
00:03:36,560 --> 00:03:38,560
Speaker 6: back right Airport Airline.

74
00:03:38,600 --> 00:03:42,600
Speaker 3: Boy, Yes, everything spun off is spun it off about

75
00:03:43,080 --> 00:03:44,240
Speaker 3: more or less twenty years.

76
00:03:44,120 --> 00:03:47,080
Speaker 1: Ago, because anytime we talked about it, Second Airplane.

77
00:03:47,920 --> 00:03:49,360
Speaker 4: Is a separate public company.

78
00:03:49,400 --> 00:03:52,240
Speaker 3: Now it's being brought back under the Hopefully this will

79
00:03:52,240 --> 00:03:56,560
Speaker 3: help solve some of the issues around the quality that

80
00:03:56,600 --> 00:03:58,840
Speaker 3: they faced in researching back and yeah, bringing back.

81
00:03:58,680 --> 00:04:00,440
Speaker 4: In US airplane man.

82
00:04:00,520 --> 00:04:04,480
Speaker 3: Okay, Well, speaking of transportation, let's talk plug Power off

83
00:04:04,520 --> 00:04:07,360
Speaker 3: the charts today. We've had Andy marsh the CEO, come

84
00:04:07,360 --> 00:04:09,440
Speaker 3: on our program quite a bit over the last few years,

85
00:04:09,440 --> 00:04:11,840
Speaker 3: and whenever he comes on, I hear a lot from

86
00:04:11,920 --> 00:04:13,200
Speaker 3: folks on social media.

87
00:04:13,760 --> 00:04:15,040
Speaker 4: What's going on with the stock today?

88
00:04:15,160 --> 00:04:18,320
Speaker 5: So this is stock movers. So I couldn't not pick

89
00:04:18,400 --> 00:04:20,400
Speaker 5: this one. It was up as much as forty six

90
00:04:20,480 --> 00:04:21,159
Speaker 5: percent today.

91
00:04:21,279 --> 00:04:23,600
Speaker 4: Is this one of yours today? Carol? No, No, I

92
00:04:23,640 --> 00:04:26,240
Speaker 4: have ade. I know I have another four.

93
00:04:26,560 --> 00:04:29,159
Speaker 6: I have another big mover that's got above a billion

94
00:04:29,200 --> 00:04:29,720
Speaker 6: dollar market.

95
00:04:30,000 --> 00:04:32,440
Speaker 1: Okay, yeah, that's the thing with plug Power.

96
00:04:32,480 --> 00:04:35,239
Speaker 5: They are just shy of a billion dollars in market cap,

97
00:04:35,839 --> 00:04:38,040
Speaker 5: but this was the biggest jump in nearly a year.

98
00:04:38,200 --> 00:04:41,120
Speaker 5: The Hydrogen Company announced a five hundred and twenty five

99
00:04:41,120 --> 00:04:43,840
Speaker 5: million dollars secured debt facility.

100
00:04:44,320 --> 00:04:45,520
Speaker 1: That alone says something.

101
00:04:45,560 --> 00:04:47,400
Speaker 6: The biggest jump in nearly a year like this one

102
00:04:47,440 --> 00:04:48,400
Speaker 6: bops around a lot.

103
00:04:48,520 --> 00:04:53,040
Speaker 1: Yeah, it does. It's been falling this year. It hasn't

104
00:04:53,080 --> 00:04:54,719
Speaker 1: had a good twenty twenty.

105
00:04:54,440 --> 00:04:58,120
Speaker 5: Five, but today there is some relief there for the

106
00:04:58,320 --> 00:04:59,039
Speaker 5: for the shareholder.

107
00:04:59,040 --> 00:05:03,320
Speaker 6: It's still down even with that move today, it's down

108
00:05:03,560 --> 00:05:04,840
Speaker 6: fifty percent year today.

109
00:05:04,920 --> 00:05:08,479
Speaker 5: Yeah, that's incredible, and the share price is not. Yeah,

110
00:05:08,520 --> 00:05:09,600
Speaker 5: it's just about a book.

111
00:05:09,800 --> 00:05:15,240
Speaker 6: Yeah, So a little perspective there, Green Hydrogen Company. Yeah,

112
00:05:15,279 --> 00:05:17,320
Speaker 6: but you're right, and a big chunk of the float

113
00:05:17,360 --> 00:05:19,680
Speaker 6: is shorted, more than twenty seven percent, so.

114
00:05:19,920 --> 00:05:20,400
Speaker 1: You get it.

115
00:05:21,720 --> 00:05:25,839
Speaker 2: The Stock Movers podcast from Bloomberg Radio. Check back with

116
00:05:25,960 --> 00:05:28,719
Speaker 2: us throughout the day for the latest roundup of companies

117
00:05:28,760 --> 00:05:31,800
Speaker 2: making news on Wall Street and for the latest market

118
00:05:31,839 --> 00:05:36,160
Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube,

119
00:05:36,240 --> 00:05:39,479
Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with

120
00:05:39,560 --> 00:05:41,039
Speaker 2: the Bloomberg Business app.