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 3: I'm Carol Masser along with Tim Steadoveeco on it gets
Speaker 3: Lost occasionally. Let's get to some stocks on the move today.
Speaker 3: Bloomberg News Equities reporter Carmen Roynekey, who never gets lost,
Speaker 3: always on it, always on it, Big store today. It's
Speaker 3: something that's definitely taken up a lot of our brain
Speaker 3: time today, and that is the energy sector.
Speaker 4: Yeah, so we're seeing some you know, winners and losers emerge.
Speaker 4: So I'm looking at shares of Constellation Energy ticker CEG
Speaker 4: and ge Vernova GeV. So Constellation is down almost twelve
Speaker 4: percent right now. This is the worst intra day drop
Speaker 4: since April fourth, so you know, in the midst of
Speaker 4: Liberation Day tariff sell off. Gevnova on the flip side
Speaker 4: is up more than six percent. So basically this is
Speaker 4: who traders are picking as winners and losers from the
Speaker 4: emergency wholesale electricity auction. So that would require technology companies
Speaker 4: to pay for power. So an analyst said, gie Vernova
Speaker 4: is the clearest winner from these plans, as PGM transmission
Speaker 4: and distribution companies will have less pressure on bills and
Speaker 4: potential regulated distribution.
Speaker 3: I would say TVD, this is tricky and none of
Speaker 3: this stuff's going to happen overnight.
Speaker 1: That's that's exactly where auction hasn't happened. It doesn't take
Speaker 1: to How long.
Speaker 5: Does it take to get your hands on one of
Speaker 5: these gas turbines from g Vernova.
Speaker 3: I mean, this one's been on fire for a while
Speaker 3: to this company because there has been demanded generally.
Speaker 1: Yeah, all right, good stuff, good stuff. We like that.
Speaker 1: Take us to Draft Kings and Flutter Entertainment.
Speaker 4: So shares of both Draft Kings dk n G and
Speaker 4: Flutter Entertainment f l UT, which owns fan Duel, are
Speaker 4: down today, both more than five percent. So new state
Speaker 4: data from New York suggested that they might be losing
Speaker 4: ground to competing products from prediction markets. So this is
Speaker 4: you know, calshy poly market. They obviously have a lot
Speaker 4: of stuff around financial contracts tied to the outcome of
Speaker 4: sports game. So it's just another way that people can
Speaker 4: be betting on this.
Speaker 3: Well, thanks to you guys in Bloomberg News, right, we've
Speaker 3: talked a lot about how the gambling right and the
Speaker 3: sports gaming side of the prediction markets.
Speaker 1: That's a big part of their business, even.
Speaker 5: Robin Hood's prediction markets, Like you can buy stocks and
Speaker 5: do prediction markets on Robinhood too. I mean, the stuff's
Speaker 5: happening everywhere.
Speaker 4: Yeah, totally all.
Speaker 1: Right, so interesting stuff.
Speaker 3: This is a story that again TBD Fanny Freddy what
Speaker 3: might be their ultimate outcome here?
Speaker 4: Yeah, so we're seeing big sell offs in both stocks.
Speaker 4: So Fanny is down five days in a row, Freddy
Speaker 4: is down seven days in a row. So basically what's happening.
Speaker 1: Is Fanning down nine and a half percent.
Speaker 4: Yeah, yeah, big drop today. They're sort of mounting unease
Speaker 4: out the impact of Trump's policy moves, especially on the
Speaker 4: effort for these companies to IPO. So they've been in
Speaker 4: government control since the financial crisis, and some optimism that
Speaker 4: lifted the stock last year was this idea of an
Speaker 4: IPO and so now with you know, efforts to release
Speaker 4: mortgage finance giants, you know, from the government control, people
Speaker 4: are just feeling a little bit unsure if that's really
Speaker 4: going to happen or what might you know come next Listen.
Speaker 1: This has been I feel like a difficult history.
Speaker 3: Right these quasi publicly traded entities, then not and then
Speaker 3: what do you do with them? But I don't know.
Speaker 3: I don't know if you continue to make them as
Speaker 3: publicly traded entities, I don't know how that kind of
Speaker 3: gets in the way of what their their mission is, right,
Speaker 3: if the focus is on profitability and everything else is
Speaker 3: a public I don't know.
Speaker 1: I just think it's tricky, So.
Speaker 2: Definitely the Stock Mover's report from Bloomberg Radio. Check back
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Speaker 2: companies making news on Wall Street and for the latest
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