1 00:00:00,080 --> 00:00:10,440 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. The Stock Movers podcast, 2 00:00:10,800 --> 00:00:14,120 Speaker 1: your roundup of companies making moves in the stock market 3 00:00:14,240 --> 00:00:16,480 Speaker 1: harnessing the power of Bloomberg Data. 4 00:00:18,040 --> 00:00:21,160 Speaker 2: Let's take a look at some stocks on the move today. 5 00:00:21,200 --> 00:00:23,840 Speaker 2: I'm Emily Grafeo with David Gera, and we're joined by 6 00:00:23,880 --> 00:00:28,319 Speaker 2: Bloomberg News Equities reporter Alexandra Semenova for stocks on the move. 7 00:00:28,800 --> 00:00:30,639 Speaker 3: Alex what are you looking at? Hey, guys, Great to 8 00:00:30,640 --> 00:00:32,080 Speaker 3: be on with you. I'm taking a look at a 9 00:00:32,159 --> 00:00:35,360 Speaker 3: really fun one, actually, Kwave Media that is a company 10 00:00:35,400 --> 00:00:39,120 Speaker 3: focused on k pop short for Korean popular music. It 11 00:00:39,200 --> 00:00:42,000 Speaker 3: is soaring today, up one hundred and thirty four percent 12 00:00:42,080 --> 00:00:44,360 Speaker 3: right now, after saying it would sell up to five 13 00:00:44,440 --> 00:00:47,879 Speaker 3: hundred million dollars worth of shares to buy bitcoin. The 14 00:00:47,920 --> 00:00:50,120 Speaker 3: company at some point was up as much as two 15 00:00:50,200 --> 00:00:52,639 Speaker 3: hundred and thirty six percent today. They say that they 16 00:00:52,720 --> 00:00:55,520 Speaker 3: plan to become the meta planet of Korea, and actually, 17 00:00:55,560 --> 00:00:59,240 Speaker 3: funny enough, they're following the same strategy as Michael Saylor's 18 00:00:59,360 --> 00:01:02,120 Speaker 3: company sty where they sell shares of the company to 19 00:01:02,160 --> 00:01:05,720 Speaker 3: buy the cryptocurrency. Really interesting. Investors are really liking this. 20 00:01:05,720 --> 00:01:07,679 Speaker 4: This is becoming like a model. I think maybe not 21 00:01:07,720 --> 00:01:09,160 Speaker 4: a widely spread model. 22 00:01:09,280 --> 00:01:11,080 Speaker 2: I guess the other companies can make a lot of 23 00:01:11,160 --> 00:01:14,679 Speaker 2: money doing certain dan. 24 00:01:14,400 --> 00:01:18,640 Speaker 3: And just a broader testament to risk investment fully back 25 00:01:18,680 --> 00:01:21,440 Speaker 3: on the risk mood is obviously very high with companies 26 00:01:21,480 --> 00:01:23,640 Speaker 3: like this doing so well. They also went public last 27 00:01:23,640 --> 00:01:25,800 Speaker 3: month through a blink check companies sounding a little bit 28 00:01:25,800 --> 00:01:26,560 Speaker 3: like twenty twenty one. 29 00:01:26,560 --> 00:01:28,560 Speaker 4: Again, here we are, that's kwn. What else are you 30 00:01:28,640 --> 00:01:29,840 Speaker 4: watching this afteroon? 31 00:01:29,959 --> 00:01:32,520 Speaker 3: Also looking at dollar a tree, just taking a look 32 00:01:32,560 --> 00:01:35,280 Speaker 3: at the move right now. It's down more than eight percent. 33 00:01:35,440 --> 00:01:39,119 Speaker 3: It warned its second quarter profit maybe down fifty percent 34 00:01:39,160 --> 00:01:42,360 Speaker 3: from a year ago, citing, of course, terraff related costs 35 00:01:42,360 --> 00:01:45,200 Speaker 3: that also includes the one hundred and forty five percent 36 00:01:45,680 --> 00:01:48,960 Speaker 3: levies on China. The company did say that it expects 37 00:01:49,000 --> 00:01:51,280 Speaker 3: to a profits to re accelerate in the second half 38 00:01:51,320 --> 00:01:54,720 Speaker 3: of the year, but obviously that wasn't enough to please investors. 39 00:01:55,120 --> 00:01:58,080 Speaker 3: It said that it's sale of Family Dollar for about 40 00:01:58,080 --> 00:02:00,720 Speaker 3: a billion dollars earlier this year will allow to focus 41 00:02:00,800 --> 00:02:04,160 Speaker 3: on its dollar store chains, but it is navigating what 42 00:02:04,200 --> 00:02:07,279 Speaker 3: it says it is called a rapidly evolving environment. 43 00:02:07,320 --> 00:02:09,880 Speaker 4: Still lessing at the fact that, like I was on 44 00:02:09,919 --> 00:02:12,320 Speaker 4: surveillance yesterday and John Tucker positive the time King had 45 00:02:12,320 --> 00:02:15,640 Speaker 4: never been in a Dollar Tree store before, which may 46 00:02:15,680 --> 00:02:17,440 Speaker 4: be in fact true, and he's not here to defend himself. 47 00:02:17,440 --> 00:02:19,200 Speaker 4: But how much is this like part and parcelvat theme 48 00:02:19,240 --> 00:02:23,240 Speaker 4: that we're seeing among retailers just kind of expressing concern about, Yes, 49 00:02:23,280 --> 00:02:25,119 Speaker 4: the uncertainty but in that Taiff policy work. 50 00:02:25,160 --> 00:02:27,160 Speaker 3: Yeah, I mean, uncertainty has been the name of the 51 00:02:27,160 --> 00:02:29,520 Speaker 3: game in all these corporate earnings. One of my colleagues 52 00:02:29,520 --> 00:02:32,080 Speaker 3: did a story about how mentions of the word uncertainty 53 00:02:32,200 --> 00:02:35,560 Speaker 3: reached more than three thousand this earning season. So investors 54 00:02:35,560 --> 00:02:37,840 Speaker 3: are really you know, companies are trying to navigate it. 55 00:02:37,880 --> 00:02:40,840 Speaker 3: Investors are trying to navigate it. But something fascinating is 56 00:02:41,000 --> 00:02:44,120 Speaker 3: Deutsche Bank actually said that the earnings hit is going 57 00:02:44,200 --> 00:02:46,880 Speaker 3: to be a third of what initially projected because Trump 58 00:02:46,960 --> 00:02:49,240 Speaker 3: has been backpedaling on his trade policy so much so 59 00:02:49,240 --> 00:02:50,840 Speaker 3: it may not actually be as bad as a lot 60 00:02:50,880 --> 00:02:51,800 Speaker 3: of companies are saying. 61 00:02:52,400 --> 00:02:55,920 Speaker 2: Okay, and so Dollar Tree Tacker dlt R down as 62 00:02:55,960 --> 00:03:00,440 Speaker 2: much as eleven percent today, it's still pretty much holding 63 00:03:00,440 --> 00:03:02,919 Speaker 2: onto those losses, down about eight percent right now. 64 00:03:02,800 --> 00:03:03,880 Speaker 3: Taking quite a hit right now. 65 00:03:04,000 --> 00:03:04,440 Speaker 2: What else. 66 00:03:04,840 --> 00:03:08,280 Speaker 3: Last one I'm looking at is CrowdStrike, also having a 67 00:03:08,320 --> 00:03:11,080 Speaker 3: bad day today, down about five percent right now. They 68 00:03:11,200 --> 00:03:14,360 Speaker 3: projected revenue for the current quarter that came in below 69 00:03:14,400 --> 00:03:17,520 Speaker 3: Wall Street estimates. They expect sales of one point one 70 00:03:17,680 --> 00:03:22,880 Speaker 3: five billion dollars in despite actually beating their earnings, their 71 00:03:22,960 --> 00:03:25,680 Speaker 3: stock is down. It was down as much as nine 72 00:03:25,760 --> 00:03:29,320 Speaker 3: percent earlier in the day. So they've also been struggling 73 00:03:29,320 --> 00:03:33,360 Speaker 3: with facing investigations by prosecutors and regulators over a deal 74 00:03:33,440 --> 00:03:36,840 Speaker 3: with Carosoft Technology, and so they're dealing kind of with 75 00:03:36,880 --> 00:03:37,920 Speaker 3: a lot of problems right now. 76 00:03:40,040 --> 00:03:44,160 Speaker 1: The Stock Movers podcast from Bloomberg Radio. Check back with 77 00:03:44,240 --> 00:03:47,000 Speaker 1: us throughout the day for the latest roundup of companies 78 00:03:47,040 --> 00:03:50,080 Speaker 1: making news on Wall Street and for the latest market 79 00:03:50,120 --> 00:03:54,480 Speaker 1: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 80 00:03:54,520 --> 00:03:57,760 Speaker 1: Bloomberg dot com, and on Applecarplay and Android Auto with 81 00:03:57,840 --> 00:03:59,320 Speaker 1: the Bloomberg Business app.