WEBVTT - Constellation Energy Plummets, GE Vernova Rises, Fannie & Freddie Fall

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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 3>I'm Carol Masser along with Tim Steadoveeco on it gets

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<v Speaker 3>Lost occasionally. Let's get to some stocks on the move today.

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<v Speaker 3>Bloomberg News Equities reporter Carmen Roynekey, who never gets lost,

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<v Speaker 3>always on it, always on it, Big store today. It's

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<v Speaker 3>something that's definitely taken up a lot of our brain

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<v Speaker 3>time today, and that is the energy sector.

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<v Speaker 4>Yeah, so we're seeing some you know, winners and losers emerge.

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<v Speaker 4>So I'm looking at shares of Constellation Energy ticker CEG

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<v Speaker 4>and ge Vernova GeV. So Constellation is down almost twelve

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<v Speaker 4>percent right now. This is the worst intra day drop

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<v Speaker 4>since April fourth, so you know, in the midst of

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<v Speaker 4>Liberation Day tariff sell off. Gevnova on the flip side

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<v Speaker 4>is up more than six percent. So basically this is

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<v Speaker 4>who traders are picking as winners and losers from the

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<v Speaker 4>emergency wholesale electricity auction. So that would require technology companies

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<v Speaker 4>to pay for power. So an analyst said, gie Vernova

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<v Speaker 4>is the clearest winner from these plans, as PGM transmission

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<v Speaker 4>and distribution companies will have less pressure on bills and

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<v Speaker 4>potential regulated distribution.

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<v Speaker 3>I would say TVD, this is tricky and none of

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<v Speaker 3>this stuff's going to happen overnight.

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<v Speaker 1>That's that's exactly where auction hasn't happened. It doesn't take

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<v Speaker 1>to How long.

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<v Speaker 5>Does it take to get your hands on one of

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<v Speaker 5>these gas turbines from g Vernova.

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<v Speaker 3>I mean, this one's been on fire for a while

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<v Speaker 3>to this company because there has been demanded generally.

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<v Speaker 1>Yeah, all right, good stuff, good stuff. We like that.

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<v Speaker 1>Take us to Draft Kings and Flutter Entertainment.

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<v Speaker 4>So shares of both Draft Kings dk n G and

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<v Speaker 4>Flutter Entertainment f l UT, which owns fan Duel, are

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<v Speaker 4>down today, both more than five percent. So new state

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<v Speaker 4>data from New York suggested that they might be losing

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<v Speaker 4>ground to competing products from prediction markets. So this is

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<v Speaker 4>you know, calshy poly market. They obviously have a lot

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<v Speaker 4>of stuff around financial contracts tied to the outcome of

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<v Speaker 4>sports game. So it's just another way that people can

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<v Speaker 4>be betting on this.

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<v Speaker 3>Well, thanks to you guys in Bloomberg News, right, we've

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<v Speaker 3>talked a lot about how the gambling right and the

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<v Speaker 3>sports gaming side of the prediction markets.

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<v Speaker 1>That's a big part of their business, even.

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<v Speaker 5>Robin Hood's prediction markets, Like you can buy stocks and

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<v Speaker 5>do prediction markets on Robinhood too. I mean, the stuff's

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<v Speaker 5>happening everywhere.

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<v Speaker 4>Yeah, totally all.

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<v Speaker 1>Right, so interesting stuff.

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<v Speaker 3>This is a story that again TBD Fanny Freddy what

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<v Speaker 3>might be their ultimate outcome here?

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<v Speaker 4>Yeah, so we're seeing big sell offs in both stocks.

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<v Speaker 4>So Fanny is down five days in a row, Freddy

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<v Speaker 4>is down seven days in a row. So basically what's happening.

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<v Speaker 1>Is Fanning down nine and a half percent.

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<v Speaker 4>Yeah, yeah, big drop today. They're sort of mounting unease

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<v Speaker 4>out the impact of Trump's policy moves, especially on the

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<v Speaker 4>effort for these companies to IPO. So they've been in

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<v Speaker 4>government control since the financial crisis, and some optimism that

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<v Speaker 4>lifted the stock last year was this idea of an

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<v Speaker 4>IPO and so now with you know, efforts to release

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<v Speaker 4>mortgage finance giants, you know, from the government control, people

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<v Speaker 4>are just feeling a little bit unsure if that's really

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<v Speaker 4>going to happen or what might you know come next Listen.

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<v Speaker 1>This has been I feel like a difficult history.

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<v Speaker 3>Right these quasi publicly traded entities, then not and then

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<v Speaker 3>what do you do with them? But I don't know.

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<v Speaker 3>I don't know if you continue to make them as

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<v Speaker 3>publicly traded entities, I don't know how that kind of

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<v Speaker 3>gets in the way of what their their mission is, right,

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<v Speaker 3>if the focus is on profitability and everything else is

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<v Speaker 3>a public I don't know.

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<v Speaker 1>I just think it's tricky, So.

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<v Speaker 2>Definitely the Stock Mover's report from Bloomberg Radio. Check back

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