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 00:00:17,160 --> 00:00:19,799 Speaker 3: I'm Carol Masser along with Tim Stanovec. Let's get to 5 00:00:20,000 --> 00:00:22,360 Speaker 3: some stocks on the move today. Bloomberg Earnings reporter Red 6 00:00:22,400 --> 00:00:25,800 Speaker 3: Brown is in the house and we start with due Lingo, 7 00:00:25,960 --> 00:00:26,800 Speaker 3: a favorite of Tim. 8 00:00:26,920 --> 00:00:28,360 Speaker 4: I love du a lingo play every day. 9 00:00:28,400 --> 00:00:29,560 Speaker 1: All right, well, you might not need to do a 10 00:00:29,640 --> 00:00:32,320 Speaker 1: lingo for much longer after this is crazy. 11 00:00:32,400 --> 00:00:32,600 Speaker 3: Yeah. 12 00:00:32,640 --> 00:00:34,120 Speaker 1: Yeah, well this, like the shares have been on a 13 00:00:34,159 --> 00:00:37,400 Speaker 1: little bit of a rollercoaster since Apple announced that their 14 00:00:37,400 --> 00:00:41,040 Speaker 1: new air pods will have that automatic translation within them. 15 00:00:41,520 --> 00:00:43,760 Speaker 1: They were down around five percent out their announcement. They're 16 00:00:43,760 --> 00:00:46,559 Speaker 1: actually up eight percent today, so they have reverse those declines. 17 00:00:46,560 --> 00:00:47,920 Speaker 1: But I don't know, I think it's a really interesting 18 00:00:47,960 --> 00:00:50,600 Speaker 1: story about kind of what the company with the place 19 00:00:50,600 --> 00:00:51,440 Speaker 1: of the company is going to be. 20 00:00:51,720 --> 00:00:54,000 Speaker 4: I feel like this was such a sleeper hit with 21 00:00:54,040 --> 00:00:56,760 Speaker 4: Apple's announcement this week, I was like, I agree. Like 22 00:00:56,840 --> 00:00:58,560 Speaker 4: my wife and I were talking about this and she's like, 23 00:00:58,840 --> 00:01:00,560 Speaker 4: whatever new iPhones is, but did you. 24 00:01:00,520 --> 00:01:01,200 Speaker 1: Hear of them? 25 00:01:01,720 --> 00:01:04,440 Speaker 5: Did you hear about these air pods that do real time. 26 00:01:04,200 --> 00:01:06,520 Speaker 1: Translates science fiction. I think it's like it's like it's 27 00:01:06,560 --> 00:01:08,199 Speaker 1: like from all the movies you've ever seen where people 28 00:01:08,240 --> 00:01:09,760 Speaker 1: just like speak in their natural language and then you 29 00:01:09,840 --> 00:01:12,400 Speaker 1: hear in your in your natural language. Right, So it's 30 00:01:12,440 --> 00:01:13,600 Speaker 1: it's amazing what. 31 00:01:13,840 --> 00:01:16,360 Speaker 5: What what happens to the world though, Like do. 32 00:01:16,400 --> 00:01:17,840 Speaker 1: We not learn languages? 33 00:01:17,880 --> 00:01:19,560 Speaker 5: Which is really sad. I have no idea. 34 00:01:19,720 --> 00:01:21,200 Speaker 1: Yeah, I don't know. I don't know either. I mean, 35 00:01:21,240 --> 00:01:22,600 Speaker 1: I don't know what I would be great to speak 36 00:01:22,600 --> 00:01:24,319 Speaker 1: with with dou a linguin kind of how they're thinking about. 37 00:01:24,360 --> 00:01:26,240 Speaker 1: I mean, they have been pushing into some of the 38 00:01:26,280 --> 00:01:29,479 Speaker 1: other areas like chess and math and music and things 39 00:01:29,480 --> 00:01:31,000 Speaker 1: like that. Maybe they see the writing on the wall 40 00:01:31,040 --> 00:01:33,279 Speaker 1: with languages kind of starting to fade in the background. 41 00:01:33,280 --> 00:01:34,800 Speaker 3: I'm gonna need to bring their c suite in here. 42 00:01:34,840 --> 00:01:35,600 Speaker 1: All right, let's do it. 43 00:01:35,640 --> 00:01:38,160 Speaker 5: We'll do that. Chess though we do a lot. 44 00:01:38,200 --> 00:01:39,840 Speaker 4: We do do lego chess every day at home, do 45 00:01:39,920 --> 00:01:42,400 Speaker 4: you Yeah, that's we actually do that more than language. 46 00:01:42,440 --> 00:01:44,200 Speaker 3: All right, let's talk to you. If you're not playing chess, 47 00:01:44,200 --> 00:01:47,360 Speaker 3: you might be watching something on Netflix or. 48 00:01:47,240 --> 00:01:50,240 Speaker 1: Maybe or maybe or maybe you might be moving over 49 00:01:50,280 --> 00:01:53,480 Speaker 1: to Paramount or to to one of the other streamers. 50 00:01:53,480 --> 00:01:56,120 Speaker 1: But I think interesting kind of story for for Netflix 51 00:01:56,120 --> 00:01:58,960 Speaker 1: and an interesting kind of situation. Their shares are down 52 00:01:59,000 --> 00:02:02,720 Speaker 1: three and a half percent today, still doing great for 53 00:02:02,760 --> 00:02:04,800 Speaker 1: the year, up thirty five percent. That's three times more 54 00:02:04,800 --> 00:02:08,000 Speaker 1: than the S five hundred. I think Netflix is kind 55 00:02:08,000 --> 00:02:10,800 Speaker 1: of I think it's uncontroversially they were crowned the streaming king, 56 00:02:11,800 --> 00:02:13,560 Speaker 1: but I think they might be looking over their their 57 00:02:13,560 --> 00:02:16,360 Speaker 1: shoulders a little bit now with sky Dance the news 58 00:02:16,360 --> 00:02:18,880 Speaker 1: today that they will be attempting to buy Warner Bros. 59 00:02:19,360 --> 00:02:21,560 Speaker 1: Just because of the ip that that that that Warner Bros. 60 00:02:21,560 --> 00:02:24,560 Speaker 1: Discovery has DC comics, Harry Potter, Lord of the Rings, 61 00:02:24,600 --> 00:02:26,920 Speaker 1: also video games. It's another area that Netflix has kind 62 00:02:26,919 --> 00:02:29,080 Speaker 1: of struggled to crack into. So yeah, we'll see what 63 00:02:29,120 --> 00:02:31,840 Speaker 1: this kind of means for Netflix. Those other names that 64 00:02:31,880 --> 00:02:34,840 Speaker 1: I mentioned, Warner Bros. And Paramount are up today so 65 00:02:34,880 --> 00:02:36,480 Speaker 1: on the news, So the market clearly likes this deal. 66 00:02:36,520 --> 00:02:39,040 Speaker 4: I mean also just thinking of like from a consumer perspective, 67 00:02:39,560 --> 00:02:41,320 Speaker 4: one fewer service you have to subscribe to. 68 00:02:41,720 --> 00:02:44,160 Speaker 5: I subscribe to everything. It costs so much. 69 00:02:44,560 --> 00:02:48,080 Speaker 3: Yeah, the whole screen of stuff to choose from. 70 00:02:47,840 --> 00:02:50,240 Speaker 1: I just got my like subscription report and I was 71 00:02:50,480 --> 00:02:53,960 Speaker 1: for the year, and I was shocked. It's sort of like, yeah, 72 00:02:54,160 --> 00:02:55,800 Speaker 1: make some hard decisions. 73 00:02:55,800 --> 00:02:58,080 Speaker 4: Back to Bundling's Yeah, So, I mean then you have 74 00:02:58,120 --> 00:03:00,839 Speaker 4: Paramount and Warner Brothers Discovery Content and all in one app. 75 00:03:00,880 --> 00:03:04,040 Speaker 4: So they're doing like h HBO plus what you know, 76 00:03:04,080 --> 00:03:05,560 Speaker 4: whatever you're watching on Paramount too. 77 00:03:05,680 --> 00:03:08,720 Speaker 1: I know south Park, I don't know, Yeah, less wholesome. 78 00:03:08,760 --> 00:03:10,760 Speaker 1: He goes from Chess to south Park. 79 00:03:10,960 --> 00:03:13,519 Speaker 3: That's tim standard in a nutshell. I let's talk about 80 00:03:13,520 --> 00:03:15,200 Speaker 3: Adobe reported earnings after the close. 81 00:03:15,400 --> 00:03:18,240 Speaker 1: Yeah, shares were up around five percent in the kind 82 00:03:18,240 --> 00:03:20,720 Speaker 1: of immediate aftermath of the company raising its outlook for 83 00:03:20,760 --> 00:03:22,720 Speaker 1: the year. They gave an quarterly outlook that was ahead 84 00:03:22,720 --> 00:03:25,680 Speaker 1: of expectations as well, kind of from top to bottom. 85 00:03:25,800 --> 00:03:28,040 Speaker 1: The shares now around three percent, So maybe some of 86 00:03:28,040 --> 00:03:32,160 Speaker 1: the enthusiasm has has Dims CEO is pretty positive about 87 00:03:32,160 --> 00:03:34,160 Speaker 1: the AI transaction they're starting to see, and that really 88 00:03:34,200 --> 00:03:36,320 Speaker 1: is the big question for Adobe. There are the incumbent 89 00:03:36,320 --> 00:03:38,520 Speaker 1: in this area. There are these new companies that you know, 90 00:03:38,560 --> 00:03:41,760 Speaker 1: even even chatch Ebt. You can just type natural language 91 00:03:41,800 --> 00:03:43,680 Speaker 1: say I want an image that looks like this. I mean, 92 00:03:43,680 --> 00:03:45,840 Speaker 1: that was really the domain of Adobe for so long, 93 00:03:46,640 --> 00:03:49,000 Speaker 1: so that there's still probably will be questions around that. 94 00:03:49,080 --> 00:03:51,080 Speaker 1: And also that kind of means like how much can 95 00:03:51,120 --> 00:03:53,200 Speaker 1: they price for these issues, for these new tools, it's 96 00:03:53,240 --> 00:03:56,160 Speaker 1: expensive to invest in Still, I think a lot of 97 00:03:56,240 --> 00:03:58,640 Speaker 1: questions for Adobe. But this is kind of a positive 98 00:03:58,680 --> 00:04:02,400 Speaker 1: for the company during a year of kind of bad news. 99 00:04:02,400 --> 00:04:05,240 Speaker 1: Shares our down twenty percent for the year, so maybe 100 00:04:05,240 --> 00:04:07,040 Speaker 1: they're going to start climbing out of this hole. But 101 00:04:07,040 --> 00:04:10,440 Speaker 1: but kind of remains to be seen. All right, Can we. 102 00:04:10,400 --> 00:04:12,640 Speaker 3: Talk about another IPO today? 103 00:04:12,760 --> 00:04:13,920 Speaker 1: Yeah, I'll do my best. 104 00:04:14,720 --> 00:04:16,560 Speaker 5: Do you want to helock on the blockchain? 105 00:04:17,120 --> 00:04:17,400 Speaker 1: What? 106 00:04:17,480 --> 00:04:18,119 Speaker 5: That's the question? 107 00:04:18,480 --> 00:04:20,960 Speaker 3: That is just I can't get my head around it. 108 00:04:21,160 --> 00:04:22,640 Speaker 1: Look, I'm not going to pretend like I know what 109 00:04:22,680 --> 00:04:27,640 Speaker 1: this company does, but it is a exciting IPO today. 110 00:04:27,680 --> 00:04:30,719 Speaker 1: I think it also is interesting just the kind of 111 00:04:32,000 --> 00:04:33,920 Speaker 1: it's it's broken the dam I guess if you will. 112 00:04:33,960 --> 00:04:36,480 Speaker 1: For like other crypto IPOs as well, we're talking about 113 00:04:36,480 --> 00:04:41,400 Speaker 1: Figure Technology Solutions, a ticker is now fig R. They ipo. 114 00:04:41,520 --> 00:04:43,400 Speaker 1: This morning, shares were up as much as forty percent. 115 00:04:43,400 --> 00:04:45,919 Speaker 1: They closed around twenty four percent above the ipo price. 116 00:04:46,320 --> 00:04:49,760 Speaker 1: It's a blockchain credit company. 117 00:04:49,839 --> 00:04:54,360 Speaker 4: Yeah, exactly, loans home equery lines of credit on the blockchain, 118 00:04:55,000 --> 00:04:57,200 Speaker 4: and they can say they can do it faster than others. 119 00:04:57,320 --> 00:04:59,640 Speaker 3: I kind of get it, Like I understand the blockchain 120 00:04:59,680 --> 00:05:02,279 Speaker 3: part of crypto. It's a crypto part of crypto that 121 00:05:02,279 --> 00:05:03,800 Speaker 3: I have a hard time really well. 122 00:05:03,880 --> 00:05:08,240 Speaker 1: Yeah, it's all. It's all I need Apple the AirPods 123 00:05:08,240 --> 00:05:11,480 Speaker 1: that translate all this for me. We need like the 124 00:05:11,520 --> 00:05:13,479 Speaker 1: crypto translation of what it all means. 125 00:05:14,160 --> 00:05:16,159 Speaker 3: But nonetheless did pretty well, right. 126 00:05:16,080 --> 00:05:18,400 Speaker 1: Yeah, I know they Obviously there's a lot of enthusiasm 127 00:05:18,440 --> 00:05:20,960 Speaker 1: for these stocks. That Gemini, the crypto exchange run by 128 00:05:21,000 --> 00:05:23,400 Speaker 1: the Winklevoss Twins. I think it's sosed to a price 129 00:05:23,480 --> 00:05:25,360 Speaker 1: today as well. So I guess we'll see if that 130 00:05:25,360 --> 00:05:27,680 Speaker 1: that enthusiasm is kind of market wide or is it 131 00:05:27,720 --> 00:05:29,440 Speaker 1: just a kind of a figure story. But call them 132 00:05:29,480 --> 00:05:32,400 Speaker 1: the winkle By the winkle By, Okay, I know. 133 00:05:34,360 --> 00:05:38,360 Speaker 2: This Stock Movers report from Bloomberg Radio. 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