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 1: Let's check in with our Bailly Lipschultz for a check
Speaker 1: on some market movers.
Speaker 3: Let's start with Comcasts. Why not Comcast shares right now
Speaker 3: up about eight percent, ticker CMCSA again planning another spin off.
Speaker 3: I want to call out a Bloomberg News headline saying
Speaker 3: Comcast plans another spinoff, marking end of cable media empire.
Speaker 3: I just want to say, maybe they'll get back together.
Speaker 3: Who write off exact that this is the final move? Interestingly,
Speaker 3: just looking through some of the analyst notes analysts over
Speaker 3: at New Street basically saying this is the only way
Speaker 3: to unlock value. Move precursor to allowing Comcasts to focus
Speaker 3: on its own mergers and acquisitions, both in the cable
Speaker 3: and media sector. Again, to catch back up on everything
Speaker 3: that's going on, Comcast spinning off NBCUniversal and Sky. As
Speaker 3: Paul had mentioned about it an hour ago, kind of
Speaker 3: the writing was on the wall to a certain extent.
Speaker 3: Try to create two businesses that can kind of own
Speaker 3: their own area. Or at least try to.
Speaker 4: You know. It's just in a group chat with some
Speaker 4: of my former Wall Street buddies were like, Hey, all
Speaker 4: the bankers that were on the deal to put it together,
Speaker 4: they're not around. But then I said, no, Paul Taubman
Speaker 4: is still there and he's advising on this one. So
Speaker 4: it was a Morgan Stanley back in the day there.
Speaker 4: So the next generation of bankers and lawyers getting paid
Speaker 4: by the Roberts family. All right, what else you have
Speaker 4: for us?
Speaker 3: Yeah, I want to look at telecomstocks, focusing on Verizon
Speaker 3: ticker VZ right now down more than seven and a
Speaker 3: half percent. That's the biggest intri day drop since last March.
Speaker 3: Also call out weakness T Mobile tmus down more than
Speaker 3: six percent, and at and T ticker simply T down
Speaker 3: more than six percent. This comes after kind of a
Speaker 3: flurry of headlines. But I want to focus on the
Speaker 3: Bloomberg News report that SpaceX and Charter Communications held executive
Speaker 3: level talks about partnering on a consumer mobile phone offering
Speaker 3: oh fast would compete with them. This goes back to
Speaker 3: kind of a big part of the pitch from Elon
Speaker 3: Musk and the team over at SpaceX that in the
Speaker 3: future maybe we will all be using some form of
Speaker 3: SpaceX direct satellite direct a phone operation, the big thing,
Speaker 3: Bloomberg Intelligence, John Butler kind of calling out, and some
Speaker 3: of these others basically saying SpaceX has key constraints. The
Speaker 3: current technology not able to really work in densely populated areas.
Speaker 3: You have suburban traffic being competing for that, and also
Speaker 3: the fact that when you're in a building like our
Speaker 3: lovely tower, you're not actually kind of in line of
Speaker 3: the sky. So SpaceX really is something that's kind of
Speaker 3: been able to dominate.
Speaker 4: I don't know.
Speaker 3: I talk to people who own boats and go fishing
Speaker 3: and using that to have direct access.
Speaker 1: You're right about that, because I have Team Mobile and
Speaker 1: there are places where I don't have any coverage, any reception,
Speaker 1: and I am able to use satellite, but even that
Speaker 1: can be really difficult to figure out how to get
Speaker 1: that reception because it's hard to find.
Speaker 4: I'll identify a dead zone that's been there since the
Speaker 4: beginning of wireless solar or telephone service. That is the
Speaker 4: between Short Hills, New Jersey and Summit, New Jersey. On
Speaker 4: the train you lose, it's the dead spot. I'm like
Speaker 4: there's a good jillion billionaires living there. They can't put
Speaker 4: up a tower in some of his backyard.
Speaker 3: I just want to say that when I was in Japan,
Speaker 3: you don't lose reception from station to station. Here in
Speaker 3: New York, I get on the train, I'm just like
Speaker 3: in a black hole. You get stuck between stops on
Speaker 3: the f train. You could be dead anyway.
Speaker 1: Trying Metro North, which should be able to get reception,
Speaker 1: and it doesn't have the time. So because we're outside somewhere.
Speaker 3: To do something, all right, exactly, so we do something
Speaker 3: to be one more hair, Yeah, one more Delac ticker
Speaker 3: DK right now up about eight percent. That's trading at
Speaker 3: the highest level since September twenty eighteen. TD upgrading the
Speaker 3: shares alongside PBF Energy, saying that there's a strong refining
Speaker 3: outlook small refineries exemptions from the USAPA, which according to
Speaker 3: the analysts over at TD could provide up to eighteen
Speaker 3: dollars per share in upside and help drive free cash
Speaker 3: flow growth. Just also calling out that we are seeing
Speaker 3: some of those refining stocks really rallying. A Bloomberg Intelligence
Speaker 3: basket up more than five percent on the day.
Speaker 2: Stockmover's report from Bloomberg Radio. Check back with us throughout
Speaker 2: the day for the latest roundup of companies making news
Speaker 2: on Wall Street, and for the latest market moving headlines.
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