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Speaker 1: Bloomberg Audio Studios, podcasts, Radio News.

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Speaker 2: The Stock Movers podcast, your roundup of companies making moves

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Speaker 2: in the stock market, harnessing the power of Bloomberg Data.

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Speaker 3: And Carol Masser along with Tim Stevick, let's take a

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Speaker 3: look at some stocks on the move on this Wednesday.

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Speaker 3: Bloomberg News crosss at reporter Janiza Sakova in the house

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Speaker 3: with us. We're going to start with take our CrCL

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Speaker 3: We're talking about Circle.

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Speaker 4: We're talking about Circle obviously one of the biggest IPOs

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Speaker 4: we've seen in quite some time.

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Speaker 5: The story is up about five hundred percent since I appeal.

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Speaker 5: Just incredible.

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Speaker 3: How come we're not getting a piece of that?

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Speaker 5: It's too late?

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Speaker 4: Maybe it's too late today another thirty This time it's

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Speaker 4: coming off legislation. Uh, the US past stable coin legislation

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Speaker 4: setting up regulatory rules for cryptocurrencies back to the door.

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Speaker 4: So the rule is that door peck stable coins have

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Speaker 4: to hold door for door reserves in short term treasuries,

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Speaker 4: in short term government debt. So there are some clear winners.

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Speaker 4: Circle is up thirty four percent. Coinbase was up about

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Speaker 4: sixteen percent. But if we look at MasterCard and Visa,

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Speaker 4: they were actually down about five percent, so clearly big

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Speaker 4: most in the cryptocurrency industry. Coinbase is obviously moving because

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Speaker 4: they have a revenue sharing agreement with Circle. But we

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Speaker 4: had some report that larger multinational merchants are probably ways

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Speaker 4: to bypass traditional credit card fees.

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Speaker 5: So it's very interesting story. I actually have no idea

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Speaker 5: how is going to okay.

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Speaker 3: I understand if we could do it on blockchain, like right,

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Speaker 3: I just got to make my payments on blockchain, But

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Speaker 3: do I need a stable coin? I guess to do that.

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Speaker 1: The people who are hey.

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Speaker 5: Crypto dude, you have a show call crypto boys. I

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Speaker 5: do call your crypto.

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Speaker 1: I got a.

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Speaker 6: Promotion, I guess, because usually it's a crypto boy coming from

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Speaker 6: your twenty four billion dollar company. Now, yeah, incredible, thirty

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Speaker 6: four percent today you set up when I heard you

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Speaker 6: do this.

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Speaker 1: Earlier today it was up four hundred percent.

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Speaker 5: Yes, since the IP No, it's five hundred forty. What's

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Speaker 5: that's crazy? Like every few hours it's another one hundred percent.

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Speaker 1: Getting flashbacks at twenty twenty one, Carol, Right, let's.

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Speaker 3: Get to something I can maybe I can compute more

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Speaker 3: clearly Marvel Technology. It also rallied today.

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Speaker 5: Yeah, it's up seven percent.

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Speaker 4: That's much needed relief because unlike Circle, the company is

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Speaker 4: actually down thirty percent year today.

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Speaker 5: So today we're seeing some good news.

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Speaker 4: The pressure was coming after first quarter earnings that came

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Speaker 4: just in line with analysts, which in the space of

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Speaker 4: chips and AI is never enough ONLIS are now positive

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Speaker 4: on the cheap maker following the event they had focused

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Speaker 4: on AI, and we saw so many price target raisers today.

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Speaker 4: We saw Melius, we saw a Bank of America, we

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Speaker 4: saw b Riley counterfeits alert, maybe like five or six names,

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Speaker 4: and actually this stock doesn't have a even one sale rating.

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Speaker 4: So the one number of people are very excited about

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Speaker 4: is that their overall data center addressable market is going

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Speaker 4: to increase in ninety four billion, up from seventy five billion.

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Speaker 4: This target is for twenty twenty eight, but that was

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Speaker 4: one area that the earning report kind of disappointed.

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Speaker 5: So much needed relief on the stock for sure.

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Speaker 1: Okay, Marvel Technology also Netflix n FLX. What's going on

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Speaker 1: with Netflix today.

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Speaker 4: That's a small move, but I think it's a very

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Speaker 4: interesting trend. And Netflix is up thirty eight percent here today.

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Speaker 4: It's today smoking adding to that. But what we're seeing

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Speaker 4: is that the streamer is unveiling a deal.

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Speaker 5: Enabling it to broadcast linear TV on its platform.

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Speaker 6: What.

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Speaker 5: Yes, it's a small friend here about this, Carol.

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Speaker 1: What this is crazy if you've been paying attention to

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Speaker 1: Netflix over the last fifteen years.

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Speaker 4: Yes, it's fascinating a streaming platform going back to linear TV.

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Speaker 4: And it's very interesting because it's coming just a day

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Speaker 4: after we had a report that the total market share

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Speaker 4: of streaming has actually surpassed broadcasting cable combined. So it's

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Speaker 4: going after a French TVTF.

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Speaker 3: It's over in France.

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Speaker 5: It's avery fuss, but it is part of a big trend.

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Speaker 4: They'd be having wrestling, they'd be having live sports life events,

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Speaker 4: so it's a lot more than what Netflix was.

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Speaker 1: It's exactly right. I mean, I've been covering Netflix for

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Speaker 1: a long time and when I used to write about Netflix,

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Speaker 1: that was like my beat. There were things that Netflix

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Speaker 1: would never do. It would never do live programming, it

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Speaker 1: would never do advertising. It's doing all of those things now, okay.

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Speaker 3: But it's basically taking their programming and adding it to

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Speaker 3: Netflix offerings exactly. So content content, content.

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Speaker 1: Yeah, I mean to me, it sounds like they're becoming

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Speaker 1: this super app when it comes to content. They said

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Speaker 1: years ago they want to become HBO before HBO becomes us. Yeah,

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Speaker 1: they surpassed that many years ago.

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Speaker 4: And it's interesting you're saying that because they were just

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Speaker 4: commenting on Warner Brus and Discoveries decision to split into two,

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Speaker 4: and the Netflix co Chief executive was saying that there

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Speaker 4: is a broader shakeout coming up. So clearly they're looking

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Speaker 4: for in that space and the moves that are happening

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Speaker 4: and are picking up some of the Jesus.

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Speaker 3: It's a great way for growing too outside the United

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Speaker 3: States by picking up subscribers other subscribers.

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Speaker 1: Yeah. I go to Barry Diller's comments that he made

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Speaker 1: recently and in promoting his new book, Netflix is taking

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Speaker 1: over everything, as he says, he said, there's no stopping Netflix.

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Speaker 5: I feel like when we're.

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Speaker 3: Going to go to watch something like that's one of

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Speaker 3: the first things we check out is Netflix. You know,

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Speaker 3: good stuff. Thank you, Bloomberg News process at reporter Denutasikova.

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Speaker 2: The Stock Movers podcast from Bloomberg Radio. Check back with

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Speaker 2: us throughout the day for the latest roundup of companies

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