WEBVTT - Netflix Sinks After Outlook; Microsoft AI Pact; Alcoa Falls 

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio News, The.

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<v Speaker 2>Stock Movers Report, your roundup of companies making moves in

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<v Speaker 2>the stock market, harnessing the power of Bloomberg Data.

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<v Speaker 3>Let's take a look at some stocks on the move today.

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<v Speaker 1>I'm Nathan Hager, joined by Bloomberg's Dan Curtis on a

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<v Speaker 1>Friday morning where stocks look like you're you're going to

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<v Speaker 1>rally once again.

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<v Speaker 3>Accept for Netflix. Good morning Dan.

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<v Speaker 4>Good morning Nathan. That's right. Netflix issued second quarter guidance

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<v Speaker 4>that missed estimates that has shares tumbling over ten percent

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<v Speaker 4>in the pre market, trading under ticker NFLX. Second quarter

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<v Speaker 4>guidance came it was seventy eight cents a share, the

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<v Speaker 4>estimate was eighty four cents of share. Revenue and operating

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<v Speaker 4>income forecasts also in lighter than expected. This comes after

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<v Speaker 4>the company boosted its ad free subscription plan by two

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<v Speaker 4>dollars to twenty dollars bucks each in March. It's also

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<v Speaker 4>the first earnings report since the company step back from

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<v Speaker 4>the Warner Brothers bidding war so looking forward to what

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<v Speaker 4>they're trying to do, The company said it's going to

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<v Speaker 4>ramp up its sports program globally, including world Baseball Classics

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<v Speaker 4>and expanding its relationship with NFL. They've been going in

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<v Speaker 4>on the live events. I remember watching Alex Honold trying

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<v Speaker 4>to free climb the building in Taipei and it was crazy.

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<v Speaker 4>I mean, all that they had the Artemist two splash down.

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<v Speaker 4>They've been really going in on this, So that's where

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<v Speaker 4>they're looking for some growth. And then on top of all,

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<v Speaker 4>on top of the guidance Smith, we also found out

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<v Speaker 4>that co founder and chairman REDA. Hastings separately said he's

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<v Speaker 4>stepping down. He's not going to stand for reelection in June.

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<v Speaker 4>So shake up in management as well.

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<v Speaker 1>Yeah, stepping away from Warner Brothers and read Hastings stepping

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<v Speaker 1>away from the company itself. Yeah, a lot came out

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<v Speaker 1>of those Netflix results. The most actively traded stock this morning,

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<v Speaker 1>speaking of the overall rally, tell us what's going on

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<v Speaker 1>with Microsoft.

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<v Speaker 4>Microsoft share shares are up about one percent in pre

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<v Speaker 4>market tick our MSFT. But it's not just about this morning,

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<v Speaker 4>it's about the week. The stock has gained over fourteen

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<v Speaker 4>percent this week. It's set for the biggest weekly jump

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<v Speaker 4>in over a decade. We're seeing this massive equity rally

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<v Speaker 4>and we're also starting to see software as a group

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<v Speaker 4>coming back. This bounce comes after Microsoft got caught up

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<v Speaker 4>in the software concerns. Before this jump, the stock had

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<v Speaker 4>fallen thirty three percent from October peak, wiping out nearly

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<v Speaker 4>one point four trillion dollars in market cap. Today this week,

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<v Speaker 4>investors really stepping in, buying it up up one percent

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<v Speaker 4>pre market, fourteen percent on the week.

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<v Speaker 3>Definitely want to keep an eye on oh.

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<v Speaker 1>Moving back to the earnings theme, we didn't just hear

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<v Speaker 1>from Netflix. We also got results from aluminum giant Alcoa,

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<v Speaker 1>and it doesn't look like those are being received too

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<v Speaker 1>well either.

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<v Speaker 4>Dan No shares are down three percent in pre market

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<v Speaker 4>under ticker AA. A while ago, this company actually started

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<v Speaker 4>kicking off unofficially the S and P of five hundred

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<v Speaker 4>earning season, but they've come out and the aluminum company

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<v Speaker 4>is struggling to convert surging metal prices into performance. The

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<v Speaker 4>largest US aluminum producer misstop and bottom line estimates despite

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<v Speaker 4>the surgeon prices in the wake of the Iron War.

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<v Speaker 4>ALCO's operations have been disrupted by this war and higher

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<v Speaker 4>costs that they have faced have dragged on profits. And

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<v Speaker 4>also Alco typically sells most of its illuminam which is

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<v Speaker 4>key to smelting aluminum two plants in the Middle East,

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<v Speaker 4>but it can't given the disruption. So shares are coming

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<v Speaker 4>in still up about ten percent since the start of

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<v Speaker 4>the war.

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<v Speaker 1>And just quickly, Dan, you've got an energy stock on

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<v Speaker 1>your list as well, and you got to help me

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<v Speaker 1>out with this one.

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<v Speaker 3>Is it ni Source? Nie Source, help me out?

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<v Speaker 4>I've been saying Nisource, and I hope So that's right.

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<v Speaker 4>Well we'll just make it that way for now until

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<v Speaker 4>I get complaints. Ticker and I this is a smaller company,

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<v Speaker 4>but Nisource. Those shares are up over three percent in

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<v Speaker 4>the pre market. Is an Indiana utility provider and it's

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<v Speaker 4>announced a long term agreement with a subsidiary of Alphabet

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<v Speaker 4>to support large scale data center. Now these AI hyperscal

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<v Speaker 4>are spending a lot on CAPEX and a lot of

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<v Speaker 4>that is going to these utility companies energy providers. Nice

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<v Speaker 4>also expanded its packed with Amazon data sources and this

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<v Speaker 4>is generally a strong space in the morning. So there's

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<v Speaker 4>another company, New Scale Power. They're looking into providing nuclear energy.

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<v Speaker 4>Take our SMR up two percent in the pre market,

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<v Speaker 4>so aipower.

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<v Speaker 2>This stock movers report from Bloomberg Radio. Check back with

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<v Speaker 2>us throughout the day for the latest roundup of companies

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