1 00:00:02,520 --> 00:00:07,360 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. 2 00:00:08,560 --> 00:00:12,440 Speaker 2: The Stock Movers Report, your roundup of companies making moves 3 00:00:12,480 --> 00:00:16,800 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,360 --> 00:00:17,960 Speaker 1: SECA look at some of the stocks on the move today. 5 00:00:17,960 --> 00:00:20,840 Speaker 3: Am Paulsomnia alongside Scarlet the Footwork, joined by Bloomberg's and 6 00:00:20,960 --> 00:00:21,720 Speaker 3: a linkra Fa Emily. 7 00:00:21,760 --> 00:00:22,480 Speaker 1: What are you looking at all? 8 00:00:22,560 --> 00:00:25,799 Speaker 3: Right? I'm watching shares of Google's par parent, Alphabet, but 9 00:00:25,880 --> 00:00:30,520 Speaker 3: the ticker goog L. The company's under investigation by EU 10 00:00:30,880 --> 00:00:36,880 Speaker 3: antitrust watchdogs over concerns that it unfairly demotes some news results. 11 00:00:37,360 --> 00:00:40,239 Speaker 3: So this is a probe that could add up to 12 00:00:40,280 --> 00:00:43,440 Speaker 3: eleven billion dollars of fines from the EU. 13 00:00:43,640 --> 00:00:44,040 Speaker 1: Tally. 14 00:00:45,440 --> 00:00:48,400 Speaker 3: That stock right now down about two point five percent. 15 00:00:48,440 --> 00:00:51,680 Speaker 3: It's been falling for the last two days, and the 16 00:00:51,720 --> 00:00:55,200 Speaker 3: company actually said the Google Search chief scientist said that 17 00:00:55,240 --> 00:01:00,760 Speaker 3: the EU investigation is entirely misguided, risks harming millions of users. 18 00:01:01,080 --> 00:01:04,640 Speaker 3: But nevertheless, it's never good news for the equity holders 19 00:01:04,640 --> 00:01:08,160 Speaker 3: when there's an investigation like this and potential for what 20 00:01:08,200 --> 00:01:11,240 Speaker 3: could be billions of dollars of fines. Yeah, Alphabet is 21 00:01:11,280 --> 00:01:14,080 Speaker 3: one of the six mag seven names that are lower 22 00:01:14,120 --> 00:01:16,640 Speaker 3: today the outliers Microsoft just barely changed. 23 00:01:16,680 --> 00:01:18,120 Speaker 1: All right, let's talk about Walt Disney. 24 00:01:18,200 --> 00:01:21,000 Speaker 3: Okay, so this stock down about nine percent, falling to 25 00:01:21,080 --> 00:01:23,680 Speaker 3: the lowest level since May. We're talking about Disney ticker 26 00:01:23,760 --> 00:01:28,960 Speaker 3: dis The media company missed revenue expectations. They also set 27 00:01:29,000 --> 00:01:32,880 Speaker 3: expenses for its film studio would weigh on the current 28 00:01:33,200 --> 00:01:38,039 Speaker 3: quarter because they're I guess, really paying the big bucks 29 00:01:38,080 --> 00:01:42,720 Speaker 3: for Zootopia two and Avatar Fire and ash are. 30 00:01:44,319 --> 00:01:46,040 Speaker 1: I was going to ask you guys the same question. 31 00:01:46,120 --> 00:01:48,680 Speaker 1: I will see Zoolander two because Zoolander one was a classic. 32 00:01:49,000 --> 00:01:52,680 Speaker 3: This is Zootopia too, might yeah, I think this might 33 00:01:52,720 --> 00:01:53,400 Speaker 3: be for children. 34 00:01:55,000 --> 00:01:58,280 Speaker 1: Sorry to disappoint, I haven't seen Avatar too. 35 00:01:58,480 --> 00:02:00,720 Speaker 3: Also, yeah, that would maybe the should pivot to that. 36 00:02:01,360 --> 00:02:04,200 Speaker 3: But yeah, they said that those expenses to those two 37 00:02:04,240 --> 00:02:07,640 Speaker 3: theatrical releases will reduce earnings by four hundred million. But 38 00:02:08,280 --> 00:02:12,600 Speaker 3: really weighing on the stock here weak earnings. I don't 39 00:02:12,600 --> 00:02:14,880 Speaker 3: think I'll be going to see either of those movie. 40 00:02:15,000 --> 00:02:17,120 Speaker 3: Turns out there was a Zuleelander too, that was back 41 00:02:17,160 --> 00:02:17,880 Speaker 3: in twenty sixteen. 42 00:02:17,960 --> 00:02:19,000 Speaker 1: Okay, so they thought. 43 00:02:18,840 --> 00:02:19,359 Speaker 2: Of that already. 44 00:02:19,440 --> 00:02:20,239 Speaker 1: Yeah, very good. 45 00:02:20,639 --> 00:02:24,160 Speaker 2: All right, Sealed Air, which I just learned today why 46 00:02:24,160 --> 00:02:25,079 Speaker 2: it's called sealed Air. 47 00:02:25,880 --> 00:02:27,280 Speaker 1: Well, they seal air. 48 00:02:27,440 --> 00:02:31,760 Speaker 3: Yes, they make bubble wrap and they take air and 49 00:02:31,919 --> 00:02:35,600 Speaker 3: package it up to keep like food, I guess refrigerated 50 00:02:35,880 --> 00:02:40,160 Speaker 3: and secure. But they're potentially being taken over by private equity. 51 00:02:40,240 --> 00:02:43,679 Speaker 3: So this is Sealed Air Corp. Taker see about six 52 00:02:43,720 --> 00:02:47,000 Speaker 3: billion dollars in market cap and the stock is on 53 00:02:47,120 --> 00:02:49,880 Speaker 3: fire right now, was up as much as twenty two percent, 54 00:02:49,880 --> 00:02:52,520 Speaker 3: the biggest jump since March twenty twenty. 55 00:02:52,560 --> 00:02:54,359 Speaker 1: People with knowledge of the matter. 56 00:02:54,200 --> 00:02:58,120 Speaker 3: Say that Clayton, Dubleier and Rice, Yeah, they're exploring a 57 00:02:58,160 --> 00:03:03,519 Speaker 3: potential acquisition this bubble rap bubble wrap maker. It's interesting 58 00:03:03,600 --> 00:03:06,480 Speaker 3: the Sealed Air bonds are falling by record amounts. 59 00:03:07,600 --> 00:03:09,720 Speaker 1: Shop is on the bius now she's now part of 60 00:03:09,760 --> 00:03:11,079 Speaker 1: the credit team. She didn't even know. 61 00:03:12,639 --> 00:03:16,119 Speaker 3: So I'm doing an embed MBED, which is a Bloomberg 62 00:03:16,160 --> 00:03:18,440 Speaker 3: opportunity they have in the newsroom. After you've done a 63 00:03:18,480 --> 00:03:20,120 Speaker 3: couple of years in the newsroom. 64 00:03:19,800 --> 00:03:23,440 Speaker 1: Do something different. Did you take the new skill? Yeah, 65 00:03:23,440 --> 00:03:25,960 Speaker 1: I mean it's it's a really hot area right now. 66 00:03:26,440 --> 00:03:26,760 Speaker 3: For sure. 67 00:03:28,360 --> 00:03:31,120 Speaker 1: There's a lot going on here. So yeah, I'm going 68 00:03:31,200 --> 00:03:35,120 Speaker 1: to horizons. Lev Finn brought in my Horizon talking spreads all. 69 00:03:35,040 --> 00:03:41,560 Speaker 3: The time exactly, Yes, talking pests. I won't say the 70 00:03:41,600 --> 00:03:43,800 Speaker 3: pest word, but it's been very relevant. 71 00:03:45,080 --> 00:03:49,120 Speaker 2: This stock mover's report from Bloomberg Radio. Check back with 72 00:03:49,200 --> 00:03:51,760 Speaker 2: us throughout the day for the latest roundup of companies 73 00:03:51,840 --> 00:03:54,920 Speaker 2: making news on Wall Street and for the latest market 74 00:03:54,960 --> 00:03:59,440 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 75 00:03:59,480 --> 00:04:03,040 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 76 00:04:03,080 --> 00:04:04,520 Speaker 2: the Bloomberg Business app 77 00:04:08,920 --> 00:04:09,240 Speaker 3: MHM.