WEBVTT - Duolingo Stock Rollercoaster, Netflix Down, Adobe Rises, Figure Technology Surges

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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 Stanovec. Let's get to

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<v Speaker 3>some stocks on the move today. Bloomberg Earnings reporter Red

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<v Speaker 3>Brown is in the house and we start with due Lingo,

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<v Speaker 3>a favorite of Tim.

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<v Speaker 4>I love du a lingo play every day.

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<v Speaker 1>All right, well, you might not need to do a

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<v Speaker 1>lingo for much longer after this is crazy.

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<v Speaker 3>Yeah.

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<v Speaker 1>Yeah, well this, like the shares have been on a

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<v Speaker 1>little bit of a rollercoaster since Apple announced that their

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<v Speaker 1>new air pods will have that automatic translation within them.

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<v Speaker 1>They were down around five percent out their announcement. They're

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<v Speaker 1>actually up eight percent today, so they have reverse those declines.

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<v Speaker 1>But I don't know, I think it's a really interesting

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<v Speaker 1>story about kind of what the company with the place

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<v Speaker 1>of the company is going to be.

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<v Speaker 4>I feel like this was such a sleeper hit with

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<v Speaker 4>Apple's announcement this week, I was like, I agree. Like

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<v Speaker 4>my wife and I were talking about this and she's like,

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<v Speaker 4>whatever new iPhones is, but did you.

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<v Speaker 1>Hear of them?

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<v Speaker 5>Did you hear about these air pods that do real time.

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<v Speaker 1>Translates science fiction. I think it's like it's like it's

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<v Speaker 1>like from all the movies you've ever seen where people

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<v Speaker 1>just like speak in their natural language and then you

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<v Speaker 1>hear in your in your natural language. Right, So it's

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<v Speaker 1>it's amazing what.

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<v Speaker 5>What what happens to the world though, Like do.

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<v Speaker 1>We not learn languages?

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<v Speaker 5>Which is really sad. I have no idea.

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<v Speaker 1>Yeah, I don't know. I don't know either. I mean,

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<v Speaker 1>I don't know what I would be great to speak

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<v Speaker 1>with with dou a linguin kind of how they're thinking about.

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<v Speaker 1>I mean, they have been pushing into some of the

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<v Speaker 1>other areas like chess and math and music and things

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<v Speaker 1>like that. Maybe they see the writing on the wall

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<v Speaker 1>with languages kind of starting to fade in the background.

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<v Speaker 3>I'm gonna need to bring their c suite in here.

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<v Speaker 1>All right, let's do it.

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<v Speaker 5>We'll do that. Chess though we do a lot.

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<v Speaker 4>We do do lego chess every day at home, do

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<v Speaker 4>you Yeah, that's we actually do that more than language.

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<v Speaker 3>All right, let's talk to you. If you're not playing chess,

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<v Speaker 3>you might be watching something on Netflix or.

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<v Speaker 1>Maybe or maybe or maybe you might be moving over

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<v Speaker 1>to Paramount or to to one of the other streamers.

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<v Speaker 1>But I think interesting kind of story for for Netflix

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<v Speaker 1>and an interesting kind of situation. Their shares are down

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<v Speaker 1>three and a half percent today, still doing great for

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<v Speaker 1>the year, up thirty five percent. That's three times more

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<v Speaker 1>than the S five hundred. I think Netflix is kind

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<v Speaker 1>of I think it's uncontroversially they were crowned the streaming king,

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<v Speaker 1>but I think they might be looking over their their

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<v Speaker 1>shoulders a little bit now with sky Dance the news

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<v Speaker 1>today that they will be attempting to buy Warner Bros.

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<v Speaker 1>Just because of the ip that that that that Warner Bros.

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<v Speaker 1>Discovery has DC comics, Harry Potter, Lord of the Rings,

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<v Speaker 1>also video games. It's another area that Netflix has kind

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<v Speaker 1>of struggled to crack into. So yeah, we'll see what

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<v Speaker 1>this kind of means for Netflix. Those other names that

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<v Speaker 1>I mentioned, Warner Bros. And Paramount are up today so

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<v Speaker 1>on the news, So the market clearly likes this deal.

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<v Speaker 4>I mean also just thinking of like from a consumer perspective,

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<v Speaker 4>one fewer service you have to subscribe to.

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<v Speaker 5>I subscribe to everything. It costs so much.

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<v Speaker 3>Yeah, the whole screen of stuff to choose from.

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<v Speaker 1>I just got my like subscription report and I was

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<v Speaker 1>for the year, and I was shocked. It's sort of like, yeah,

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<v Speaker 1>make some hard decisions.

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<v Speaker 4>Back to Bundling's Yeah, So, I mean then you have

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<v Speaker 4>Paramount and Warner Brothers Discovery Content and all in one app.

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<v Speaker 4>So they're doing like h HBO plus what you know,

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<v Speaker 4>whatever you're watching on Paramount too.

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<v Speaker 1>I know south Park, I don't know, Yeah, less wholesome.

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<v Speaker 1>He goes from Chess to south Park.

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<v Speaker 3>That's tim standard in a nutshell. I let's talk about

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<v Speaker 3>Adobe reported earnings after the close.

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<v Speaker 1>Yeah, shares were up around five percent in the kind

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<v Speaker 1>of immediate aftermath of the company raising its outlook for

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<v Speaker 1>the year. They gave an quarterly outlook that was ahead

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<v Speaker 1>of expectations as well, kind of from top to bottom.

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<v Speaker 1>The shares now around three percent, So maybe some of

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<v Speaker 1>the enthusiasm has has Dims CEO is pretty positive about

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<v Speaker 1>the AI transaction they're starting to see, and that really

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<v Speaker 1>is the big question for Adobe. There are the incumbent

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<v Speaker 1>in this area. There are these new companies that you know,

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<v Speaker 1>even even chatch Ebt. You can just type natural language

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<v Speaker 1>say I want an image that looks like this. I mean,

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<v Speaker 1>that was really the domain of Adobe for so long,

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<v Speaker 1>so that there's still probably will be questions around that.

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<v Speaker 1>And also that kind of means like how much can

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<v Speaker 1>they price for these issues, for these new tools, it's

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<v Speaker 1>expensive to invest in Still, I think a lot of

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<v Speaker 1>questions for Adobe. But this is kind of a positive

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<v Speaker 1>for the company during a year of kind of bad news.

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<v Speaker 1>Shares our down twenty percent for the year, so maybe

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<v Speaker 1>they're going to start climbing out of this hole. But

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<v Speaker 1>but kind of remains to be seen. All right, Can we.

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<v Speaker 3>Talk about another IPO today?

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<v Speaker 1>Yeah, I'll do my best.

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<v Speaker 5>Do you want to helock on the blockchain?

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<v Speaker 1>What?

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<v Speaker 5>That's the question?

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<v Speaker 3>That is just I can't get my head around it.

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<v Speaker 1>Look, I'm not going to pretend like I know what

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<v Speaker 1>this company does, but it is a exciting IPO today.

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<v Speaker 1>I think it also is interesting just the kind of

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<v Speaker 1>it's it's broken the dam I guess if you will.

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<v Speaker 1>For like other crypto IPOs as well, we're talking about

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<v Speaker 1>Figure Technology Solutions, a ticker is now fig R. They ipo.

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<v Speaker 1>This morning, shares were up as much as forty percent.

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<v Speaker 1>They closed around twenty four percent above the ipo price.

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<v Speaker 1>It's a blockchain credit company.

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<v Speaker 4>Yeah, exactly, loans home equery lines of credit on the blockchain,

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<v Speaker 4>and they can say they can do it faster than others.

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<v Speaker 3>I kind of get it, Like I understand the blockchain

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<v Speaker 3>part of crypto. It's a crypto part of crypto that

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<v Speaker 3>I have a hard time really well.

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<v Speaker 1>Yeah, it's all. It's all I need Apple the AirPods

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<v Speaker 1>that translate all this for me. We need like the

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<v Speaker 1>crypto translation of what it all means.

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<v Speaker 3>But nonetheless did pretty well, right.

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<v Speaker 1>Yeah, I know they Obviously there's a lot of enthusiasm

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<v Speaker 1>for these stocks. That Gemini, the crypto exchange run by

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<v Speaker 1>the Winklevoss Twins. I think it's sosed to a price

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<v Speaker 1>today as well. So I guess we'll see if that

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<v Speaker 1>that enthusiasm is kind of market wide or is it

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<v Speaker 1>just a kind of a figure story. But call them

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<v Speaker 1>the winkle By the winkle By, Okay, I know.

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