WEBVTT - Google Drops, Walt Disney Falls, Sealed Air Rises on Potential Bubble Wrap Acquisition

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news.

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<v Speaker 2>The Stock Movers Report, your roundup of companies making moves

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<v Speaker 2>in the stock market, harnessing the power of Bloomberg Data.

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<v Speaker 1>SECA look at some of the stocks on the move today.

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<v Speaker 3>Am Paulsomnia alongside Scarlet the Footwork, joined by Bloomberg's and

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<v Speaker 3>a linkra Fa Emily.

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<v Speaker 1>What are you looking at all?

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<v Speaker 3>Right? I'm watching shares of Google's par parent, Alphabet, but

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<v Speaker 3>the ticker goog L. The company's under investigation by EU

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<v Speaker 3>antitrust watchdogs over concerns that it unfairly demotes some news results.

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<v Speaker 3>So this is a probe that could add up to

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<v Speaker 3>eleven billion dollars of fines from the EU.

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<v Speaker 1>Tally.

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<v Speaker 3>That stock right now down about two point five percent.

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<v Speaker 3>It's been falling for the last two days, and the

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<v Speaker 3>company actually said the Google Search chief scientist said that

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<v Speaker 3>the EU investigation is entirely misguided, risks harming millions of users.

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<v Speaker 3>But nevertheless, it's never good news for the equity holders

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<v Speaker 3>when there's an investigation like this and potential for what

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<v Speaker 3>could be billions of dollars of fines. Yeah, Alphabet is

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<v Speaker 3>one of the six mag seven names that are lower

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<v Speaker 3>today the outliers Microsoft just barely changed.

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<v Speaker 1>All right, let's talk about Walt Disney.

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<v Speaker 3>Okay, so this stock down about nine percent, falling to

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<v Speaker 3>the lowest level since May. We're talking about Disney ticker

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<v Speaker 3>dis The media company missed revenue expectations. They also set

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<v Speaker 3>expenses for its film studio would weigh on the current

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<v Speaker 3>quarter because they're I guess, really paying the big bucks

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<v Speaker 3>for Zootopia two and Avatar Fire and ash are.

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<v Speaker 1>I was going to ask you guys the same question.

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<v Speaker 1>I will see Zoolander two because Zoolander one was a classic.

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<v Speaker 3>This is Zootopia too, might yeah, I think this might

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<v Speaker 3>be for children.

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<v Speaker 1>Sorry to disappoint, I haven't seen Avatar too.

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<v Speaker 3>Also, yeah, that would maybe the should pivot to that.

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<v Speaker 3>But yeah, they said that those expenses to those two

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<v Speaker 3>theatrical releases will reduce earnings by four hundred million. But

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<v Speaker 3>really weighing on the stock here weak earnings. I don't

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<v Speaker 3>think I'll be going to see either of those movie.

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<v Speaker 3>Turns out there was a Zuleelander too, that was back

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<v Speaker 3>in twenty sixteen.

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<v Speaker 1>Okay, so they thought.

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<v Speaker 2>Of that already.

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<v Speaker 1>Yeah, very good.

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<v Speaker 2>All right, Sealed Air, which I just learned today why

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<v Speaker 2>it's called sealed Air.

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<v Speaker 1>Well, they seal air.

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<v Speaker 3>Yes, they make bubble wrap and they take air and

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<v Speaker 3>package it up to keep like food, I guess refrigerated

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<v Speaker 3>and secure. But they're potentially being taken over by private equity.

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<v Speaker 3>So this is Sealed Air Corp. Taker see about six

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<v Speaker 3>billion dollars in market cap and the stock is on

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<v Speaker 3>fire right now, was up as much as twenty two percent,

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<v Speaker 3>the biggest jump since March twenty twenty.

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<v Speaker 1>People with knowledge of the matter.

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<v Speaker 3>Say that Clayton, Dubleier and Rice, Yeah, they're exploring a

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<v Speaker 3>potential acquisition this bubble rap bubble wrap maker. It's interesting

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<v Speaker 3>the Sealed Air bonds are falling by record amounts.

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<v Speaker 1>Shop is on the bius now she's now part of

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<v Speaker 1>the credit team. She didn't even know.

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<v Speaker 3>So I'm doing an embed MBED, which is a Bloomberg

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<v Speaker 3>opportunity they have in the newsroom. After you've done a

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<v Speaker 3>couple of years in the newsroom.

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<v Speaker 1>Do something different. Did you take the new skill? Yeah,

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<v Speaker 1>I mean it's it's a really hot area right now.

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<v Speaker 3>For sure.

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<v Speaker 1>There's a lot going on here. So yeah, I'm going

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<v Speaker 1>to horizons. Lev Finn brought in my Horizon talking spreads all.

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<v Speaker 3>The time exactly, Yes, talking pests. I won't say the

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<v Speaker 3>pest word, but it's been very relevant.

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<v Speaker 3>MHM.