WEBVTT - Uber Slips; IMAX & Lenovo Shares Soar

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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>I'm Carol Masser along with Tim Stanovik. Let's also get

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<v Speaker 1>to some stocks on the move this Friday. Alexandra Semenova

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<v Speaker 1>is with us Bloomberg News Stocks Reporter, and she joins

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<v Speaker 1>us with a look at some of the names. Alex

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<v Speaker 1>good to have you here.

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<v Speaker 3>Hey, guys, good to be here. There's actually a lot

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<v Speaker 3>going on on the corporate side, even though we're heading

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<v Speaker 3>into holiday weekend. The first company that I'm looking at

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<v Speaker 3>is Uber. There are apparently looking to have a full

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<v Speaker 3>takeover of delivery Hero, which is a delivery service platform

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<v Speaker 3>that is based in Germany. Apparently they want to better

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<v Speaker 3>compete with door Dash overseas. They had actually announced earlier

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<v Speaker 3>this week that they boosted their stake in the company

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<v Speaker 3>and are apparently to looking to boost it even more.

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<v Speaker 3>They've been working with Morgan Stanley on this. This is

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<v Speaker 3>a great scoop on the Bloomberg terminal. Just looking at

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<v Speaker 3>the share price, it is Uber is actually down two

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<v Speaker 3>point three percent today on the news However, Delivery Hero,

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<v Speaker 3>who shares are listed in Frankfort is up about fifty

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<v Speaker 3>percent this year. It has a value of around eleven

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<v Speaker 3>point eight billion dollars, so will be really interesting to

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<v Speaker 3>see how this plays out. Of course, this this is

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<v Speaker 3>a space that has been heating up. So many delivery platforms.

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<v Speaker 4>Well, yeah, you nailed it when you said so many

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<v Speaker 4>delivery platforms. It's a really competitive space. It's it really is.

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<v Speaker 5>It's tough to compete in the space. Plus, I don't

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<v Speaker 5>know about you, Carol, at least look again, this is

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<v Speaker 5>the New York City, you know, view but the fees

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<v Speaker 5>that are tacked on the expense at the end, like

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<v Speaker 5>you know, sometimes you it ends up costing like twenty

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<v Speaker 5>five thirty percent.

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<v Speaker 1>We've canceled an order, like after we go through and

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<v Speaker 1>we're like to say, which, suddenly it's thirty dollars exactly,

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<v Speaker 1>it's exactly our two hamburgers or something.

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<v Speaker 3>And we're like, but in a city like New York,

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<v Speaker 3>you can just go outside and go to any.

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<v Speaker 4>Restaurant and get something, just walk down the street.

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<v Speaker 3>Exactly.

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<v Speaker 1>That is so true. All right, So uber is one

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<v Speaker 1>name you're watching, I'm exidentother one I'm Max.

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<v Speaker 3>Better news for the movie theater, so it is actually

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<v Speaker 3>exploring a sale. It approached some entertainment companies to explore

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<v Speaker 3>the option of being bought. This is according to scoop

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<v Speaker 3>from the Wall Street Journal. Looking at the price right now,

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<v Speaker 3>shares are up fifteen percent. It is having its best

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<v Speaker 3>day since March twenty twenty one, which is of course

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<v Speaker 3>during memestock Mania. And apparently movie theaters have been making

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<v Speaker 3>a little bit of a comeback. When I a shout

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<v Speaker 3>out to a couple of my friends, Bonnu and Lira,

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<v Speaker 3>we actually have a little club going where we go

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<v Speaker 3>to the movie theaters every quarter.

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<v Speaker 4>Now I love this.

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<v Speaker 3>Yeah, I did go to an Imax. We don't We

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<v Speaker 3>do look to go to like a theater that is

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<v Speaker 3>a little different. We went to one around Union Square

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<v Speaker 3>that is a little bit more historic and that was

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<v Speaker 3>a great time kind of an experience. Then, yeah, exactly. So, yeah,

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<v Speaker 3>Imax shares are doing well on this news. And also

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<v Speaker 3>apparently it has to do with premium screens, so people

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<v Speaker 3>are looking to have a cool experience when they go

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<v Speaker 3>to the movies.

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<v Speaker 5>The reclining chair exactly, that's the that's the challenge I

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<v Speaker 5>think in sort of the post COVID world is that,

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<v Speaker 5>especially as more and more movies are coming out closer

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<v Speaker 5>to like the windows shrinking, how long it's in theaters

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<v Speaker 5>you can you know, like I was able to watch

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<v Speaker 5>Marty Supreme recently, you know, and not and look, you

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<v Speaker 5>know it took us four nights to watch it because

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<v Speaker 5>we don't have that much time. But it had just

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<v Speaker 5>been in theaters, you know, just a few months ago. Right,

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<v Speaker 5>But what do you you have to provide something in

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<v Speaker 5>the theater that you're not going to get in your

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<v Speaker 5>living room.

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<v Speaker 4>So like a huge screen, a reclining chair, yeah, has

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<v Speaker 4>an experience.

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<v Speaker 3>You can be sitting in a chair.

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<v Speaker 1>I also feel like it's a movie that's an experience.

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<v Speaker 1>Like the last one I went to was Barbie like

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<v Speaker 1>with my daughter, and it was just like a small theater.

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<v Speaker 1>I would go, I know, a small theater in the

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<v Speaker 1>village and it was like it was a lot of fun.

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<v Speaker 1>But I don't know, I agree with you. I wouldn't

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<v Speaker 1>be like if my Jammy's eating popcorn, watching.

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<v Speaker 4>Marty was good.

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<v Speaker 1>I watch it, yeah, Lenova.

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<v Speaker 3>Yeah, that company doing very well on its earnings because

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<v Speaker 3>of its AI business. Always good to hear that you

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<v Speaker 3>know AIS being monetized for these companies. It reported that

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<v Speaker 3>profit jumped to thirty eight percent while revenue grew by

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<v Speaker 3>around twenty percent for the fiscal year ending in March,

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<v Speaker 3>and this was because of AI related revenues. So it

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<v Speaker 3>accounted for thirty eight percent of the company's overall sales

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<v Speaker 3>last quarter, growing at an eighty four percent rate.

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<v Speaker 4>That is pretty stronging numbers.

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<v Speaker 3>Because all these companies are spending so much on artificial

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<v Speaker 3>intelligence technology and it's not really clear whether or not

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<v Speaker 3>their efforts will be profitable. So good to see a

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<v Speaker 3>company where it actually.

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<v Speaker 4>Is and you're watching the ADRs.

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<v Speaker 3>Yes, that is US listed share.

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<v Speaker 4>Yeah, ln VGYUS is the ADR ticker.

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<v Speaker 3>Now eighteen percent right now, also best since twenty twenty one.

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<v Speaker 1>Of seventy percent year.

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<v Speaker 2>Today the aders the stock movers report from Bloomberg Radio.

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<v Speaker 2>Check back with us throughout the day for the latest

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<v Speaker 2>roundup of companies making news on Wall Street and for

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<v Speaker 2>the latest market moving headlines. Listen to Bloomberg Radio Live,

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