WEBVTT - Verizon Moves Higher, Comcast Declines, Delek US Rises

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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 1>Let's check in with our Bailly Lipschultz for a check

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<v Speaker 1>on some market movers.

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<v Speaker 3>Let's start with Comcasts. Why not Comcast shares right now

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<v Speaker 3>up about eight percent, ticker CMCSA again planning another spin off.

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<v Speaker 3>I want to call out a Bloomberg News headline saying

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<v Speaker 3>Comcast plans another spinoff, marking end of cable media empire.

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<v Speaker 3>I just want to say, maybe they'll get back together.

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<v Speaker 3>Who write off exact that this is the final move? Interestingly,

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<v Speaker 3>just looking through some of the analyst notes analysts over

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<v Speaker 3>at New Street basically saying this is the only way

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<v Speaker 3>to unlock value. Move precursor to allowing Comcasts to focus

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<v Speaker 3>on its own mergers and acquisitions, both in the cable

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<v Speaker 3>and media sector. Again, to catch back up on everything

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<v Speaker 3>that's going on, Comcast spinning off NBCUniversal and Sky. As

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<v Speaker 3>Paul had mentioned about it an hour ago, kind of

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<v Speaker 3>the writing was on the wall to a certain extent.

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<v Speaker 3>Try to create two businesses that can kind of own

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<v Speaker 3>their own area. Or at least try to.

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<v Speaker 4>You know. It's just in a group chat with some

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<v Speaker 4>of my former Wall Street buddies were like, Hey, all

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<v Speaker 4>the bankers that were on the deal to put it together,

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<v Speaker 4>they're not around. But then I said, no, Paul Taubman

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<v Speaker 4>is still there and he's advising on this one. So

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<v Speaker 4>it was a Morgan Stanley back in the day there.

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<v Speaker 4>So the next generation of bankers and lawyers getting paid

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<v Speaker 4>by the Roberts family. All right, what else you have

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<v Speaker 4>for us?

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<v Speaker 3>Yeah, I want to look at telecomstocks, focusing on Verizon

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<v Speaker 3>ticker VZ right now down more than seven and a

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<v Speaker 3>half percent. That's the biggest intri day drop since last March.

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<v Speaker 3>Also call out weakness T Mobile tmus down more than

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<v Speaker 3>six percent, and at and T ticker simply T down

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<v Speaker 3>more than six percent. This comes after kind of a

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<v Speaker 3>flurry of headlines. But I want to focus on the

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<v Speaker 3>Bloomberg News report that SpaceX and Charter Communications held executive

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<v Speaker 3>level talks about partnering on a consumer mobile phone offering

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<v Speaker 3>oh fast would compete with them. This goes back to

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<v Speaker 3>kind of a big part of the pitch from Elon

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<v Speaker 3>Musk and the team over at SpaceX that in the

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<v Speaker 3>future maybe we will all be using some form of

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<v Speaker 3>SpaceX direct satellite direct a phone operation, the big thing,

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<v Speaker 3>Bloomberg Intelligence, John Butler kind of calling out, and some

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<v Speaker 3>of these others basically saying SpaceX has key constraints. The

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<v Speaker 3>current technology not able to really work in densely populated areas.

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<v Speaker 3>You have suburban traffic being competing for that, and also

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<v Speaker 3>the fact that when you're in a building like our

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<v Speaker 3>lovely tower, you're not actually kind of in line of

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<v Speaker 3>the sky. So SpaceX really is something that's kind of

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<v Speaker 3>been able to dominate.

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<v Speaker 4>I don't know.

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<v Speaker 3>I talk to people who own boats and go fishing

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<v Speaker 3>and using that to have direct access.

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<v Speaker 1>You're right about that, because I have Team Mobile and

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<v Speaker 1>there are places where I don't have any coverage, any reception,

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<v Speaker 1>and I am able to use satellite, but even that

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<v Speaker 1>can be really difficult to figure out how to get

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<v Speaker 1>that reception because it's hard to find.

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<v Speaker 4>I'll identify a dead zone that's been there since the

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<v Speaker 4>beginning of wireless solar or telephone service. That is the

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<v Speaker 4>between Short Hills, New Jersey and Summit, New Jersey. On

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<v Speaker 4>the train you lose, it's the dead spot. I'm like

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<v Speaker 4>there's a good jillion billionaires living there. They can't put

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<v Speaker 4>up a tower in some of his backyard.

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<v Speaker 3>I just want to say that when I was in Japan,

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<v Speaker 3>you don't lose reception from station to station. Here in

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<v Speaker 3>New York, I get on the train, I'm just like

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<v Speaker 3>in a black hole. You get stuck between stops on

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<v Speaker 3>the f train. You could be dead anyway.

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<v Speaker 1>Trying Metro North, which should be able to get reception,

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<v Speaker 1>and it doesn't have the time. So because we're outside somewhere.

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<v Speaker 3>To do something, all right, exactly, so we do something

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<v Speaker 3>to be one more hair, Yeah, one more Delac ticker

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<v Speaker 3>DK right now up about eight percent. That's trading at

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<v Speaker 3>the highest level since September twenty eighteen. TD upgrading the

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<v Speaker 3>shares alongside PBF Energy, saying that there's a strong refining

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<v Speaker 3>outlook small refineries exemptions from the USAPA, which according to

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<v Speaker 3>the analysts over at TD could provide up to eighteen

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<v Speaker 3>dollars per share in upside and help drive free cash

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<v Speaker 3>flow growth. Just also calling out that we are seeing

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<v Speaker 3>some of those refining stocks really rallying. A Bloomberg Intelligence

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<v Speaker 3>basket up more than five percent on the day.

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<v Speaker 2>Stockmover's report from Bloomberg Radio. Check back with us throughout

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<v Speaker 2>the day for the latest roundup of companies making news

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<v Speaker 2>on Wall Street, and for the latest market moving headlines.

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