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 Stanovec. Let's get to
Speaker 3: some stocks on the move today. Bloomberg Earnings reporter Red
Speaker 3: Brown is in the house and we start with due Lingo,
Speaker 3: a favorite of Tim.
Speaker 4: I love du a lingo play every day.
Speaker 1: All right, well, you might not need to do a
Speaker 1: lingo for much longer after this is crazy.
Speaker 3: Yeah.
Speaker 1: Yeah, well this, like the shares have been on a
Speaker 1: little bit of a rollercoaster since Apple announced that their
Speaker 1: new air pods will have that automatic translation within them.
Speaker 1: They were down around five percent out their announcement. They're
Speaker 1: actually up eight percent today, so they have reverse those declines.
Speaker 1: But I don't know, I think it's a really interesting
Speaker 1: story about kind of what the company with the place
Speaker 1: of the company is going to be.
Speaker 4: I feel like this was such a sleeper hit with
Speaker 4: Apple's announcement this week, I was like, I agree. Like
Speaker 4: my wife and I were talking about this and she's like,
Speaker 4: whatever new iPhones is, but did you.
Speaker 1: Hear of them?
Speaker 5: Did you hear about these air pods that do real time.
Speaker 1: Translates science fiction. I think it's like it's like it's
Speaker 1: like from all the movies you've ever seen where people
Speaker 1: just like speak in their natural language and then you
Speaker 1: hear in your in your natural language. Right, So it's
Speaker 1: it's amazing what.
Speaker 5: What what happens to the world though, Like do.
Speaker 1: We not learn languages?
Speaker 5: Which is really sad. I have no idea.
Speaker 1: Yeah, I don't know. I don't know either. I mean,
Speaker 1: I don't know what I would be great to speak
Speaker 1: with with dou a linguin kind of how they're thinking about.
Speaker 1: I mean, they have been pushing into some of the
Speaker 1: other areas like chess and math and music and things
Speaker 1: like that. Maybe they see the writing on the wall
Speaker 1: with languages kind of starting to fade in the background.
Speaker 3: I'm gonna need to bring their c suite in here.
Speaker 1: All right, let's do it.
Speaker 5: We'll do that. Chess though we do a lot.
Speaker 4: We do do lego chess every day at home, do
Speaker 4: you Yeah, that's we actually do that more than language.
Speaker 3: All right, let's talk to you. If you're not playing chess,
Speaker 3: you might be watching something on Netflix or.
Speaker 1: Maybe or maybe or maybe you might be moving over
Speaker 1: to Paramount or to to one of the other streamers.
Speaker 1: But I think interesting kind of story for for Netflix
Speaker 1: and an interesting kind of situation. Their shares are down
Speaker 1: three and a half percent today, still doing great for
Speaker 1: the year, up thirty five percent. That's three times more
Speaker 1: than the S five hundred. I think Netflix is kind
Speaker 1: of I think it's uncontroversially they were crowned the streaming king,
Speaker 1: but I think they might be looking over their their
Speaker 1: shoulders a little bit now with sky Dance the news
Speaker 1: today that they will be attempting to buy Warner Bros.
Speaker 1: Just because of the ip that that that that Warner Bros.
Speaker 1: Discovery has DC comics, Harry Potter, Lord of the Rings,
Speaker 1: also video games. It's another area that Netflix has kind
Speaker 1: of struggled to crack into. So yeah, we'll see what
Speaker 1: this kind of means for Netflix. Those other names that
Speaker 1: I mentioned, Warner Bros. And Paramount are up today so
Speaker 1: on the news, So the market clearly likes this deal.
Speaker 4: I mean also just thinking of like from a consumer perspective,
Speaker 4: one fewer service you have to subscribe to.
Speaker 5: I subscribe to everything. It costs so much.
Speaker 3: Yeah, the whole screen of stuff to choose from.
Speaker 1: I just got my like subscription report and I was
Speaker 1: for the year, and I was shocked. It's sort of like, yeah,
Speaker 1: make some hard decisions.
Speaker 4: Back to Bundling's Yeah, So, I mean then you have
Speaker 4: Paramount and Warner Brothers Discovery Content and all in one app.
Speaker 4: So they're doing like h HBO plus what you know,
Speaker 4: whatever you're watching on Paramount too.
Speaker 1: I know south Park, I don't know, Yeah, less wholesome.
Speaker 1: He goes from Chess to south Park.
Speaker 3: That's tim standard in a nutshell. I let's talk about
Speaker 3: Adobe reported earnings after the close.
Speaker 1: Yeah, shares were up around five percent in the kind
Speaker 1: of immediate aftermath of the company raising its outlook for
Speaker 1: the year. They gave an quarterly outlook that was ahead
Speaker 1: of expectations as well, kind of from top to bottom.
Speaker 1: The shares now around three percent, So maybe some of
Speaker 1: the enthusiasm has has Dims CEO is pretty positive about
Speaker 1: the AI transaction they're starting to see, and that really
Speaker 1: is the big question for Adobe. There are the incumbent
Speaker 1: in this area. There are these new companies that you know,
Speaker 1: even even chatch Ebt. You can just type natural language
Speaker 1: say I want an image that looks like this. I mean,
Speaker 1: that was really the domain of Adobe for so long,
Speaker 1: so that there's still probably will be questions around that.
Speaker 1: And also that kind of means like how much can
Speaker 1: they price for these issues, for these new tools, it's
Speaker 1: expensive to invest in Still, I think a lot of
Speaker 1: questions for Adobe. But this is kind of a positive
Speaker 1: for the company during a year of kind of bad news.
Speaker 1: Shares our down twenty percent for the year, so maybe
Speaker 1: they're going to start climbing out of this hole. But
Speaker 1: but kind of remains to be seen. All right, Can we.
Speaker 3: Talk about another IPO today?
Speaker 1: Yeah, I'll do my best.
Speaker 5: Do you want to helock on the blockchain?
Speaker 1: What?
Speaker 5: That's the question?
Speaker 3: That is just I can't get my head around it.
Speaker 1: Look, I'm not going to pretend like I know what
Speaker 1: this company does, but it is a exciting IPO today.
Speaker 1: I think it also is interesting just the kind of
Speaker 1: it's it's broken the dam I guess if you will.
Speaker 1: For like other crypto IPOs as well, we're talking about
Speaker 1: Figure Technology Solutions, a ticker is now fig R. They ipo.
Speaker 1: This morning, shares were up as much as forty percent.
Speaker 1: They closed around twenty four percent above the ipo price.
Speaker 1: It's a blockchain credit company.
Speaker 4: Yeah, exactly, loans home equery lines of credit on the blockchain,
Speaker 4: and they can say they can do it faster than others.
Speaker 3: I kind of get it, Like I understand the blockchain
Speaker 3: part of crypto. It's a crypto part of crypto that
Speaker 3: I have a hard time really well.
Speaker 1: Yeah, it's all. It's all I need Apple the AirPods
Speaker 1: that translate all this for me. We need like the
Speaker 1: crypto translation of what it all means.
Speaker 3: But nonetheless did pretty well, right.
Speaker 1: Yeah, I know they Obviously there's a lot of enthusiasm
Speaker 1: for these stocks. That Gemini, the crypto exchange run by
Speaker 1: the Winklevoss Twins. I think it's sosed to a price
Speaker 1: today as well. So I guess we'll see if that
Speaker 1: that enthusiasm is kind of market wide or is it
Speaker 1: just a kind of a figure story. But call them
Speaker 1: the winkle By the winkle By, Okay, I know.
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