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Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The Stock Movers podcast,

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Speaker 1: your roundup of companies making moves in the stock market.

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Speaker 1: Harnessing the power of Bloomberg Data.

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Speaker 2: Let's see what's happening under the hood. We're going to

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Speaker 2: talk to noram Me Linda Stock movers or what are

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Speaker 2: you looking at today?

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Speaker 3: Keeping an eye on a few things this morning. We

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Speaker 3: are seeing as we're looking at the market more broadly,

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Speaker 3: we're seeing healthcare as the worst performing sector in the

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Speaker 3: S and P five hundred. Consumer discretionary is the top performer.

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Speaker 3: But in terms of individual movers, I'm keeping an eye

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Speaker 3: on Newsmax. So now we know this is a conservative

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Speaker 3: media outlet owned by former New York Posts journalists Chris Ruddy.

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Speaker 3: And this is a company that really gained traction during

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Speaker 3: the election campaign season as people are really tuning in

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Speaker 3: to hear commentary about President Trump. And this company iPod

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Speaker 3: yesterday listed on the New York Stock Exchange and has

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Speaker 3: a market value of more than ten point seven billion dollars,

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Speaker 3: but really making big moves yesterday at Surge for triple

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Speaker 3: digit gains about seven and eighty percent, and that push

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Speaker 3: Chris Ruddy to become a billionaire. But we're seeing shares

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Speaker 3: now up about sixty five percent in trading. I mean,

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Speaker 3: it gets It's good to see things going up the

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Speaker 3: second day in trading versus now.

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Speaker 4: Yeah.

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Speaker 2: I don't know what's driving it. I'm not sure there's

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Speaker 2: a valuation call here, but certainly people are like the

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Speaker 2: story and are buying it.

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Speaker 1: Yeah, for buyers and sellers.

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Speaker 4: There you go. Yep, that's how you make a market.

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Speaker 3: All right.

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Speaker 4: Entertainment stocks also on the move? Is that related here?

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Speaker 3: I mean I'm wearing red, you're wearing red. We're seeing

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Speaker 3: entertainment stocks falling today. You've got Live Nation and Vivid Seed,

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Speaker 3: they're both lower. This is after President Trump signed an

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Speaker 3: executive order he's trying to crack down on ticket scalping fees.

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Speaker 3: He doesn't really want. He wants more transparency at all

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Speaker 3: stages of the ticket purchasing process, and he doesn't really

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Speaker 3: want any sort of convoluted situations for people who are

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Speaker 3: looking to purchase tickets. We had our colleague A Kayla

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Speaker 3: Gardner writing us up on the terminal yesterday. But he's

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Speaker 3: directing that the FTC work with the DOJ to ensure

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Speaker 3: that competition laws are enforced in the concert and entertainment industry.

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Speaker 3: But of course this isn't great for Live Nation or

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Speaker 3: Vivid Seed.

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Speaker 2: Yeah, it's interesting. I mean, those fees have been the

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Speaker 2: bane of all concert owverers existence for seemingly forever. But

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Speaker 2: you've got Live Nation that owns Ticketmaster and they also

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Speaker 2: own like pretty much most of the venues around the world.

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Speaker 3: And I want to say there was something that was

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Speaker 3: going on with Taylor Swift like a while back when

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Speaker 3: she was doing that whole tour where tickets were just

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Speaker 3: surging insane to insane heights, and even she was like,

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Speaker 3: we need to get this together.

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Speaker 4: So although one might say you're only going to pay

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Speaker 4: what you what it demands, right, so like three grand,

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Speaker 4: because people are going to pay the read, they're going

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Speaker 4: to pay their grand Tata, all right. Wrapping it up

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Speaker 4: here with PVH.

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Speaker 3: Yes, a name in the green. We're seeing PVH. It's

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Speaker 3: the owner Calvin Kline and Tommy Hill figure up for

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Speaker 3: double digit gains this morning, up about fifteen percent. They're

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Speaker 3: saying that they expect sales growth to be flat or

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Speaker 3: slightly positive this year, and that's against what Wall Street

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Speaker 3: had expected. They expected about half a point percentage to

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Speaker 3: climb there, of course, saying that some of the company's

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Speaker 3: initiatives are starting to stabilize the business, but it is

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Speaker 3: important to note that the stock is still down almost

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Speaker 3: forty percent this year.

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Speaker 1: The Stockmovers podcast from Bloomberg Radio. Check back with us

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Speaker 1: throughout the day for the latest roundup of companies making

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Speaker 1: news on Wall Street and for the latest market moving headlines.

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