1 00:00:02,520 --> 00:00:08,720 Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The. 2 00:00:08,720 --> 00:00:12,560 Speaker 2: Stock Movers report, your roundup of companies making moves in 3 00:00:12,600 --> 00:00:15,880 Speaker 2: the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,880 --> 00:00:19,400 Speaker 3: Scarlet Foo, Paul Sweeney. We're live here on Bloomberg Inactive 5 00:00:19,400 --> 00:00:22,000 Speaker 3: Broker Studio, streaming live on YouTube as well. Let's see 6 00:00:22,520 --> 00:00:24,239 Speaker 3: some stocks on the move this morning. We can do 7 00:00:24,320 --> 00:00:27,320 Speaker 3: that by checking in with Bloomberg's Matthew Griffin. Matt, what 8 00:00:27,400 --> 00:00:28,600 Speaker 3: are you looking at these days? 9 00:00:29,200 --> 00:00:34,159 Speaker 4: Well, Paul, maybe one that you were just talking about 10 00:00:34,159 --> 00:00:37,080 Speaker 4: that is worth even digging a little deeper into is 11 00:00:37,159 --> 00:00:41,360 Speaker 4: Disney ticker DS. That stock is now down more than 12 00:00:41,440 --> 00:00:45,479 Speaker 4: seven percent today after the company reported a quarterly eat 13 00:00:45,560 --> 00:00:48,159 Speaker 4: but gave that kind of tepid outlook. And maybe the 14 00:00:48,200 --> 00:00:52,320 Speaker 4: reason that investors are looking so closely at this wording 15 00:00:52,479 --> 00:00:55,160 Speaker 4: modest growth in the current quarter for the parks and 16 00:00:55,200 --> 00:00:59,080 Speaker 4: Cruises division is because that division has become the profit 17 00:00:59,120 --> 00:01:01,720 Speaker 4: engine for Disney. You dig under the hood of that 18 00:01:01,800 --> 00:01:05,800 Speaker 4: quarterly beat, and the bulk of the profit was delivered 19 00:01:05,840 --> 00:01:12,880 Speaker 4: by that unit. Barkley says, this unit, the attendance there 20 00:01:13,080 --> 00:01:15,640 Speaker 4: is key to the valuation of the stock. So that's 21 00:01:15,760 --> 00:01:19,520 Speaker 4: potentially why you have this really strong impact after some 22 00:01:19,600 --> 00:01:21,839 Speaker 4: of those costs, as well as what the company calls 23 00:01:21,959 --> 00:01:25,960 Speaker 4: visitation headwinds from international tourists at US parks. 24 00:01:26,200 --> 00:01:27,759 Speaker 1: All right, we'll keep an eye on that one. Of course, 25 00:01:27,760 --> 00:01:29,560 Speaker 1: We're also keeping an eye on whether they announce a 26 00:01:29,600 --> 00:01:33,319 Speaker 1: successor finally, Yeah, to Bob Iger, it's a long time coming. 27 00:01:33,440 --> 00:01:34,440 Speaker 1: All right, what's next for you? 28 00:01:35,040 --> 00:01:38,959 Speaker 4: Yes, I'm also keeping an eye among decliners today on Coinbase, 29 00:01:39,000 --> 00:01:42,320 Speaker 4: the crypto exchange. Their shares are down more than four 30 00:01:42,360 --> 00:01:46,720 Speaker 4: percent following a continued slide in the price of bitcoin 31 00:01:46,840 --> 00:01:49,360 Speaker 4: over the weekend to close to the lowest level since 32 00:01:49,440 --> 00:01:52,720 Speaker 4: President Donald Trump took office. If you look at the 33 00:01:52,720 --> 00:01:56,120 Speaker 4: business model of a crypto exchange, they generate huge amounts 34 00:01:56,120 --> 00:01:59,320 Speaker 4: of revenue from crypto trading, of course, and so when 35 00:01:59,360 --> 00:02:02,240 Speaker 4: the price is slide, that means that each transaction is 36 00:02:02,480 --> 00:02:06,400 Speaker 4: less valuable. It also means that traders just have a 37 00:02:06,400 --> 00:02:12,880 Speaker 4: lower incentive to dive into this market. This continues problem 38 00:02:12,919 --> 00:02:17,520 Speaker 4: that has plagued Coinbase in recent months. Their shares down 39 00:02:17,600 --> 00:02:21,640 Speaker 4: a ticker COI in down forty three percent in the 40 00:02:21,760 --> 00:02:25,760 Speaker 4: three months ending January. Our colleagues Olga Kreef and Monique 41 00:02:25,720 --> 00:02:28,040 Speaker 4: Malama have a great story on the Bloomberg about this 42 00:02:28,120 --> 00:02:30,440 Speaker 4: and a lot of that related to these falling trading 43 00:02:30,520 --> 00:02:35,359 Speaker 4: volumes as well. Give me one more here if another 44 00:02:35,360 --> 00:02:37,760 Speaker 4: one I'm looking at this time in gainers is MP 45 00:02:37,960 --> 00:02:39,480 Speaker 4: Materials ticker MP. 46 00:02:39,760 --> 00:02:41,920 Speaker 1: They're a producer of rare earth elements. 47 00:02:42,320 --> 00:02:46,920 Speaker 4: Up about three and a half percent this morning on 48 00:02:47,280 --> 00:02:50,320 Speaker 4: news that the US is set to launch a strategic 49 00:02:50,400 --> 00:02:54,160 Speaker 4: critical mineral stockpile. This will be called Project Vault, and 50 00:02:54,280 --> 00:02:57,400 Speaker 4: according to senior White House officials, it will have twelve 51 00:02:57,440 --> 00:03:00,040 Speaker 4: billion in seed money to stockpile. 52 00:03:01,240 --> 00:03:01,800 Speaker 1: Minerals. 53 00:03:02,080 --> 00:03:04,720 Speaker 4: The US has been working to reduce reliance on rare 54 00:03:04,760 --> 00:03:07,679 Speaker 4: earths and other metals from countries like China. 55 00:03:07,720 --> 00:03:10,959 Speaker 1: That's given a boost to MP. Continuing this morning. 56 00:03:11,080 --> 00:03:15,120 Speaker 2: This stock Movers report from Bloomberg Radio. Check back with 57 00:03:15,200 --> 00:03:17,760 Speaker 2: us throughout the day for the latest roundup of companies 58 00:03:17,840 --> 00:03:20,960 Speaker 2: making news on Wall Street and for the latest market 59 00:03:20,960 --> 00:03:25,440 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 60 00:03:25,520 --> 00:03:29,040 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 61 00:03:29,080 --> 00:03:30,600 Speaker 2: the Bloomberg Business app.