1
00:00:02,520 --> 00:00:07,000
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 --> 00:00:15,880
Speaker 2: in the stock market, harnessing the power of Bloomberg Data.

4
00:00:16,600 --> 00:00:19,200
Speaker 3: I'm Carol Masser along with Tim Steadoveeco on it gets

5
00:00:19,200 --> 00:00:22,560
Speaker 3: Lost occasionally. Let's get to some stocks on the move today.

6
00:00:22,560 --> 00:00:26,119
Speaker 3: Bloomberg News Equities reporter Carmen Roynekey, who never gets lost,

7
00:00:26,760 --> 00:00:29,920
Speaker 3: always on it, always on it, Big store today. It's

8
00:00:29,960 --> 00:00:32,800
Speaker 3: something that's definitely taken up a lot of our brain

9
00:00:32,840 --> 00:00:34,800
Speaker 3: time today, and that is the energy sector.

10
00:00:35,120 --> 00:00:38,120
Speaker 4: Yeah, so we're seeing some you know, winners and losers emerge.

11
00:00:38,159 --> 00:00:41,320
Speaker 4: So I'm looking at shares of Constellation Energy ticker CEG

12
00:00:41,960 --> 00:00:46,600
Speaker 4: and ge Vernova GeV. So Constellation is down almost twelve

13
00:00:46,640 --> 00:00:48,800
Speaker 4: percent right now. This is the worst intra day drop

14
00:00:48,960 --> 00:00:51,640
Speaker 4: since April fourth, so you know, in the midst of

15
00:00:52,400 --> 00:00:55,880
Speaker 4: Liberation Day tariff sell off. Gevnova on the flip side

16
00:00:55,920 --> 00:00:58,640
Speaker 4: is up more than six percent. So basically this is

17
00:00:58,680 --> 00:01:02,040
Speaker 4: who traders are picking as winners and losers from the

18
00:01:02,080 --> 00:01:08,720
Speaker 4: emergency wholesale electricity auction. So that would require technology companies

19
00:01:08,760 --> 00:01:11,640
Speaker 4: to pay for power. So an analyst said, gie Vernova

20
00:01:11,720 --> 00:01:15,440
Speaker 4: is the clearest winner from these plans, as PGM transmission

21
00:01:15,440 --> 00:01:19,160
Speaker 4: and distribution companies will have less pressure on bills and

22
00:01:19,200 --> 00:01:20,920
Speaker 4: potential regulated distribution.

23
00:01:21,160 --> 00:01:24,360
Speaker 3: I would say TVD, this is tricky and none of

24
00:01:24,360 --> 00:01:25,560
Speaker 3: this stuff's going to happen overnight.

25
00:01:25,680 --> 00:01:28,920
Speaker 1: That's that's exactly where auction hasn't happened. It doesn't take

26
00:01:29,000 --> 00:01:30,080
Speaker 1: to How long.

27
00:01:30,000 --> 00:01:33,000
Speaker 5: Does it take to get your hands on one of

28
00:01:33,040 --> 00:01:36,039
Speaker 5: these gas turbines from g Vernova.

29
00:01:35,760 --> 00:01:38,080
Speaker 3: I mean, this one's been on fire for a while

30
00:01:38,160 --> 00:01:40,280
Speaker 3: to this company because there has been demanded generally.

31
00:01:40,640 --> 00:01:43,080
Speaker 1: Yeah, all right, good stuff, good stuff. We like that.

32
00:01:44,120 --> 00:01:46,760
Speaker 1: Take us to Draft Kings and Flutter Entertainment.

33
00:01:47,080 --> 00:01:49,960
Speaker 4: So shares of both Draft Kings dk n G and

34
00:01:50,080 --> 00:01:55,120
Speaker 4: Flutter Entertainment f l UT, which owns fan Duel, are

35
00:01:55,240 --> 00:02:00,760
Speaker 4: down today, both more than five percent. So new state

36
00:02:00,840 --> 00:02:04,440
Speaker 4: data from New York suggested that they might be losing

37
00:02:04,520 --> 00:02:08,000
Speaker 4: ground to competing products from prediction markets. So this is

38
00:02:08,040 --> 00:02:11,760
Speaker 4: you know, calshy poly market. They obviously have a lot

39
00:02:11,760 --> 00:02:14,320
Speaker 4: of stuff around financial contracts tied to the outcome of

40
00:02:14,360 --> 00:02:16,919
Speaker 4: sports game. So it's just another way that people can

41
00:02:16,960 --> 00:02:17,760
Speaker 4: be betting on this.

42
00:02:17,919 --> 00:02:20,239
Speaker 3: Well, thanks to you guys in Bloomberg News, right, we've

43
00:02:20,240 --> 00:02:22,440
Speaker 3: talked a lot about how the gambling right and the

44
00:02:22,440 --> 00:02:25,440
Speaker 3: sports gaming side of the prediction markets.

45
00:02:25,520 --> 00:02:27,560
Speaker 1: That's a big part of their business, even.

46
00:02:27,440 --> 00:02:30,200
Speaker 5: Robin Hood's prediction markets, Like you can buy stocks and

47
00:02:30,240 --> 00:02:32,440
Speaker 5: do prediction markets on Robinhood too. I mean, the stuff's

48
00:02:32,440 --> 00:02:33,240
Speaker 5: happening everywhere.

49
00:02:33,800 --> 00:02:35,400
Speaker 4: Yeah, totally all.

50
00:02:35,360 --> 00:02:36,480
Speaker 1: Right, so interesting stuff.

51
00:02:37,360 --> 00:02:41,560
Speaker 3: This is a story that again TBD Fanny Freddy what

52
00:02:42,200 --> 00:02:43,799
Speaker 3: might be their ultimate outcome here?

53
00:02:43,960 --> 00:02:46,440
Speaker 4: Yeah, so we're seeing big sell offs in both stocks.

54
00:02:46,440 --> 00:02:50,040
Speaker 4: So Fanny is down five days in a row, Freddy

55
00:02:50,120 --> 00:02:53,120
Speaker 4: is down seven days in a row. So basically what's happening.

56
00:02:53,000 --> 00:02:55,680
Speaker 1: Is Fanning down nine and a half percent.

57
00:02:55,800 --> 00:02:59,760
Speaker 4: Yeah, yeah, big drop today. They're sort of mounting unease

58
00:03:00,080 --> 00:03:03,920
Speaker 4: out the impact of Trump's policy moves, especially on the

59
00:03:04,000 --> 00:03:07,840
Speaker 4: effort for these companies to IPO. So they've been in

60
00:03:07,960 --> 00:03:12,800
Speaker 4: government control since the financial crisis, and some optimism that

61
00:03:12,840 --> 00:03:15,000
Speaker 4: lifted the stock last year was this idea of an

62
00:03:15,040 --> 00:03:19,280
Speaker 4: IPO and so now with you know, efforts to release

63
00:03:19,400 --> 00:03:23,960
Speaker 4: mortgage finance giants, you know, from the government control, people

64
00:03:24,040 --> 00:03:26,799
Speaker 4: are just feeling a little bit unsure if that's really

65
00:03:26,840 --> 00:03:30,640
Speaker 4: going to happen or what might you know come next Listen.

66
00:03:30,400 --> 00:03:32,120
Speaker 1: This has been I feel like a difficult history.

67
00:03:32,200 --> 00:03:37,760
Speaker 3: Right these quasi publicly traded entities, then not and then

68
00:03:37,960 --> 00:03:39,600
Speaker 3: what do you do with them? But I don't know.

69
00:03:39,680 --> 00:03:41,520
Speaker 3: I don't know if you continue to make them as

70
00:03:41,800 --> 00:03:46,320
Speaker 3: publicly traded entities, I don't know how that kind of

71
00:03:46,320 --> 00:03:48,360
Speaker 3: gets in the way of what their their mission is, right,

72
00:03:48,360 --> 00:03:51,680
Speaker 3: if the focus is on profitability and everything else is

73
00:03:51,680 --> 00:03:52,480
Speaker 3: a public I don't know.

74
00:03:52,520 --> 00:03:53,880
Speaker 1: I just think it's tricky, So.

75
00:03:54,240 --> 00:04:00,440
Speaker 2: Definitely the Stock Mover's report from Bloomberg Radio. Check back

76
00:04:00,480 --> 00:04:02,680
Speaker 2: with us throughout the day for the latest roundup of

77
00:04:02,760 --> 00:04:06,040
Speaker 2: companies making news on Wall Street and for the latest

78
00:04:06,080 --> 00:04:10,280
Speaker 2: market moving headlines. Listen to Bloomberg Radio Live, catch us

79
00:04:10,280 --> 00:04:14,040
Speaker 2: on YouTube, Bloomberg dot com, and on Applecarplay and Android

80
00:04:14,080 --> 00:04:16,039
Speaker 2: Auto with the Bloomberg Business app.