Speaker 1: Bloomberg Audio Studios, podcasts, radio news.
Speaker 2: The Stock Movers Report, your roundup of companies making moves
Speaker 2: in the stock market, harnessing the power of Bloomberg Data.
Speaker 1: SECA look at some of the stocks on the move today.
Speaker 3: Am Paulsomnia alongside Scarlet the Footwork, joined by Bloomberg's and
Speaker 3: a linkra Fa Emily.
Speaker 1: What are you looking at all?
Speaker 3: Right? I'm watching shares of Google's par parent, Alphabet, but
Speaker 3: the ticker goog L. The company's under investigation by EU
Speaker 3: antitrust watchdogs over concerns that it unfairly demotes some news results.
Speaker 3: So this is a probe that could add up to
Speaker 3: eleven billion dollars of fines from the EU.
Speaker 1: Tally.
Speaker 3: That stock right now down about two point five percent.
Speaker 3: It's been falling for the last two days, and the
Speaker 3: company actually said the Google Search chief scientist said that
Speaker 3: the EU investigation is entirely misguided, risks harming millions of users.
Speaker 3: But nevertheless, it's never good news for the equity holders
Speaker 3: when there's an investigation like this and potential for what
Speaker 3: could be billions of dollars of fines. Yeah, Alphabet is
Speaker 3: one of the six mag seven names that are lower
Speaker 3: today the outliers Microsoft just barely changed.
Speaker 1: All right, let's talk about Walt Disney.
Speaker 3: Okay, so this stock down about nine percent, falling to
Speaker 3: the lowest level since May. We're talking about Disney ticker
Speaker 3: dis The media company missed revenue expectations. They also set
Speaker 3: expenses for its film studio would weigh on the current
Speaker 3: quarter because they're I guess, really paying the big bucks
Speaker 3: for Zootopia two and Avatar Fire and ash are.
Speaker 1: I was going to ask you guys the same question.
Speaker 1: I will see Zoolander two because Zoolander one was a classic.
Speaker 3: This is Zootopia too, might yeah, I think this might
Speaker 3: be for children.
Speaker 1: Sorry to disappoint, I haven't seen Avatar too.
Speaker 3: Also, yeah, that would maybe the should pivot to that.
Speaker 3: But yeah, they said that those expenses to those two
Speaker 3: theatrical releases will reduce earnings by four hundred million. But
Speaker 3: really weighing on the stock here weak earnings. I don't
Speaker 3: think I'll be going to see either of those movie.
Speaker 3: Turns out there was a Zuleelander too, that was back
Speaker 3: in twenty sixteen.
Speaker 1: Okay, so they thought.
Speaker 2: Of that already.
Speaker 1: Yeah, very good.
Speaker 2: All right, Sealed Air, which I just learned today why
Speaker 2: it's called sealed Air.
Speaker 1: Well, they seal air.
Speaker 3: Yes, they make bubble wrap and they take air and
Speaker 3: package it up to keep like food, I guess refrigerated
Speaker 3: and secure. But they're potentially being taken over by private equity.
Speaker 3: So this is Sealed Air Corp. Taker see about six
Speaker 3: billion dollars in market cap and the stock is on
Speaker 3: fire right now, was up as much as twenty two percent,
Speaker 3: the biggest jump since March twenty twenty.
Speaker 1: People with knowledge of the matter.
Speaker 3: Say that Clayton, Dubleier and Rice, Yeah, they're exploring a
Speaker 3: potential acquisition this bubble rap bubble wrap maker. It's interesting
Speaker 3: the Sealed Air bonds are falling by record amounts.
Speaker 1: Shop is on the bius now she's now part of
Speaker 1: the credit team. She didn't even know.
Speaker 3: So I'm doing an embed MBED, which is a Bloomberg
Speaker 3: opportunity they have in the newsroom. After you've done a
Speaker 3: couple of years in the newsroom.
Speaker 1: Do something different. Did you take the new skill? Yeah,
Speaker 1: I mean it's it's a really hot area right now.
Speaker 3: For sure.
Speaker 1: There's a lot going on here. So yeah, I'm going
Speaker 1: to horizons. Lev Finn brought in my Horizon talking spreads all.
Speaker 3: The time exactly, Yes, talking pests. I won't say the
Speaker 3: pest word, but it's been very relevant.
Speaker 2: This stock mover's report from Bloomberg Radio. Check back with
Speaker 2: us throughout the day for the latest roundup of companies
Speaker 2: making news on Wall Street and for the latest market
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Speaker 3: MHM.