1 00:00:02,520 --> 00:00:08,800 Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The. 2 00:00:08,880 --> 00:00:13,160 Speaker 2: Stock Movers podcast, your roundup of companies making moves in 3 00:00:13,200 --> 00:00:17,439 Speaker 2: the stock market, harnessing the power of Bloomberg Data does. 4 00:00:17,480 --> 00:00:19,360 Speaker 3: Take a look right now with some of the stocks 5 00:00:19,360 --> 00:00:21,919 Speaker 3: on the move today with Lisa and tell you, Lisa. 6 00:00:21,640 --> 00:00:22,000 Speaker 1: What do you have? 7 00:00:22,040 --> 00:00:23,840 Speaker 4: All Right, We're starting with Tesla because their shares have 8 00:00:23,840 --> 00:00:26,800 Speaker 4: been down more than four percent before the bell reports 9 00:00:26,840 --> 00:00:29,080 Speaker 4: earnings tomorrow. Right, but the big thing is that web 10 00:00:29,120 --> 00:00:31,280 Speaker 4: Bush Security is analyst Dan Ives. He said the company 11 00:00:31,280 --> 00:00:34,360 Speaker 4: faces this quote code red moment as it prepares for 12 00:00:34,400 --> 00:00:37,520 Speaker 4: that earnings report. He also pointed out that Elon Musk 13 00:00:37,640 --> 00:00:40,159 Speaker 4: should step back from his work at DOGE to focus 14 00:00:40,200 --> 00:00:42,720 Speaker 4: on Tesla. He says that an involvement in the White 15 00:00:42,720 --> 00:00:45,360 Speaker 4: House has really led to this brand damage in the company. 16 00:00:45,960 --> 00:00:48,280 Speaker 4: If you remember two weeks ago, two Ives he slashed 17 00:00:48,320 --> 00:00:50,879 Speaker 4: the price target for Tesla stock by forty three percent. 18 00:00:51,240 --> 00:00:53,720 Speaker 4: So that's one piece. Then you have another piece. They 19 00:00:53,760 --> 00:00:56,880 Speaker 4: have Barclays lowering its price target on Tesla. That happened 20 00:00:56,960 --> 00:00:59,800 Speaker 4: late Thursday. And then you have this report from Reuter's 21 00:00:59,840 --> 00:01:02,120 Speaker 4: out out that Tesla is delaying the launch of those 22 00:01:02,200 --> 00:01:04,760 Speaker 4: more affordable cars it's been talking about giving these you know, 23 00:01:04,840 --> 00:01:08,160 Speaker 4: more affordable evs, but now they're saying that that could 24 00:01:08,160 --> 00:01:12,440 Speaker 4: be delayed. So it's kind of it's pushing down the 25 00:01:12,480 --> 00:01:14,399 Speaker 4: max step, but it's leading the losses in the MAC event. 26 00:01:14,480 --> 00:01:18,040 Speaker 3: Right too long weekend here, I mean, am I right? 27 00:01:18,240 --> 00:01:21,319 Speaker 3: Mister Musk has sort of disappeared. Maybe he's that good tesla. 28 00:01:21,400 --> 00:01:21,800 Speaker 1: I don't know. 29 00:01:21,840 --> 00:01:24,399 Speaker 5: It's interesting, but when he lose Dan ives, that's a 30 00:01:24,520 --> 00:01:27,560 Speaker 5: that's a challenge for the stock, I would say, So 31 00:01:27,560 --> 00:01:29,399 Speaker 5: we'll see how that plays out. But again, most definitely 32 00:01:29,520 --> 00:01:31,360 Speaker 5: the fundamentals are concerning to a lot of people. 33 00:01:32,080 --> 00:01:35,040 Speaker 3: On Fifth Avenue this weekend and they get claimed Easter Parade, 34 00:01:35,080 --> 00:01:36,399 Speaker 3: which is a. 35 00:01:35,959 --> 00:01:40,840 Speaker 1: Really wonderful celebration. He was just dressed normal, exactly. 36 00:01:40,880 --> 00:01:43,520 Speaker 4: I know these two dollars, I'm sure. So I want 37 00:01:43,520 --> 00:01:46,000 Speaker 4: to point out Capital one Financial. Their shares have been 38 00:01:46,080 --> 00:01:49,720 Speaker 4: up about four percent this morning, the reason why bank 39 00:01:49,800 --> 00:01:53,360 Speaker 4: regulators approved their thirty five billion dollar acquisition of Discover. 40 00:01:53,760 --> 00:01:57,120 Speaker 4: Now this happened late Friday. Of Discover shares are rising too, 41 00:01:57,160 --> 00:01:59,600 Speaker 4: They're up about as much as seven percent. But it 42 00:02:00,200 --> 00:02:04,040 Speaker 4: could create the nation's biggest credit card issuer by loan volume. 43 00:02:04,320 --> 00:02:06,120 Speaker 4: But the reason why this is kind of standing out 44 00:02:06,200 --> 00:02:09,480 Speaker 4: is because this decision was awaiting whether the DOJ would 45 00:02:09,520 --> 00:02:11,760 Speaker 4: sue to block the acquisition. People were waiting for that. 46 00:02:11,800 --> 00:02:14,720 Speaker 4: Some were worried it could harm competition, but then you 47 00:02:14,760 --> 00:02:17,600 Speaker 4: had Antitrust Division chief said that there wasn't enough evidence 48 00:02:17,600 --> 00:02:20,920 Speaker 4: to challenge that. So it's expected to close on May eighteenth. 49 00:02:21,160 --> 00:02:24,280 Speaker 4: But it really could unlock some things for Capital One. 50 00:02:24,320 --> 00:02:26,280 Speaker 4: For one, it could unlock at least one point two 51 00:02:26,320 --> 00:02:29,640 Speaker 4: billion dollars in annual revenue because in the past they 52 00:02:29,680 --> 00:02:31,680 Speaker 4: only had to rely on Vison MasterCard and that was 53 00:02:31,680 --> 00:02:33,720 Speaker 4: it for them to issue its credit cards. But with 54 00:02:33,840 --> 00:02:36,160 Speaker 4: Discover they can kind of cut out the middlemen and 55 00:02:36,200 --> 00:02:38,960 Speaker 4: then have more control over the prices that merchant all 56 00:02:39,040 --> 00:02:41,520 Speaker 4: charge every time that you can someone swipes one of 57 00:02:41,520 --> 00:02:44,400 Speaker 4: its credit cards. So that was kind of interesting there. 58 00:02:44,440 --> 00:02:46,400 Speaker 4: And then if we check back in with stocks that 59 00:02:46,440 --> 00:02:49,200 Speaker 4: were moving before the holiday, before we had the break 60 00:02:49,280 --> 00:02:51,840 Speaker 4: right that some of them are still moving, but some 61 00:02:52,040 --> 00:02:54,760 Speaker 4: in a different direction. For example, if you remember we 62 00:02:54,800 --> 00:02:57,200 Speaker 4: talked about Hurts last week, right they had that big 63 00:02:57,360 --> 00:03:00,680 Speaker 4: rally news Bill Ackman's person square taking big steak in 64 00:03:00,680 --> 00:03:03,160 Speaker 4: the company. But if we look at the shares before 65 00:03:03,200 --> 00:03:05,280 Speaker 4: the bell, they're off as much as twelve percent, So 66 00:03:05,320 --> 00:03:07,560 Speaker 4: that's a big turnaround for Hurts. And then you have 67 00:03:07,760 --> 00:03:10,800 Speaker 4: Netflix still riding that wave. It shares are up about 68 00:03:10,880 --> 00:03:14,800 Speaker 4: three percent. Results after the bell showed right before the holiday, 69 00:03:15,000 --> 00:03:18,560 Speaker 4: forecasted revenue the second quarter beat on estimates, but also 70 00:03:18,600 --> 00:03:21,799 Speaker 4: only see the company's business as resilient. That's how they're 71 00:03:21,800 --> 00:03:24,520 Speaker 4: describing it. So Netflix kind of still riding. 72 00:03:24,639 --> 00:03:25,360 Speaker 1: What do you think, Paul? 73 00:03:25,520 --> 00:03:27,639 Speaker 5: Yeah, absolutely, I agree with all of that. I mean, 74 00:03:28,080 --> 00:03:30,400 Speaker 5: we'll see here, they're trying to push through a lot 75 00:03:30,400 --> 00:03:32,200 Speaker 5: of you know, the price increases across the board, of 76 00:03:32,240 --> 00:03:36,520 Speaker 5: trying to drive up their advertising revenue, and that whole 77 00:03:36,520 --> 00:03:39,400 Speaker 5: password sharing thing that work wrote down on. 78 00:03:39,400 --> 00:03:42,760 Speaker 3: That Disney's out with and or like soon this weekend. 79 00:03:43,400 --> 00:03:46,080 Speaker 3: I guess it did well. I watched a couple episodes 80 00:03:46,120 --> 00:03:47,760 Speaker 3: and stop watching it. 81 00:03:47,800 --> 00:03:49,880 Speaker 1: But who's number two? 82 00:03:50,600 --> 00:03:50,800 Speaker 3: Well? 83 00:03:50,840 --> 00:03:51,760 Speaker 1: Is there a number two? 84 00:03:51,840 --> 00:03:51,960 Speaker 3: Well? 85 00:03:51,960 --> 00:03:54,320 Speaker 5: I think it's streaming. Disney is a clear number two. 86 00:03:54,480 --> 00:03:57,920 Speaker 5: They are profitable, But what's it mean to be number 87 00:03:57,960 --> 00:04:00,280 Speaker 5: two these days? At this point, it doesn't seem like 88 00:04:00,320 --> 00:04:03,000 Speaker 5: a whole lot, but there if you look at the 89 00:04:03,000 --> 00:04:06,400 Speaker 5: profitability for their streaming business, it does ramp up a pretty. 90 00:04:06,680 --> 00:04:09,320 Speaker 1: Second, try and compete because they have the biggest. 91 00:04:08,960 --> 00:04:12,400 Speaker 5: Catalog, right Almison Prime's got, you know, the biggest balance 92 00:04:12,400 --> 00:04:13,840 Speaker 5: sheets so they can buy their way. 93 00:04:13,920 --> 00:04:17,000 Speaker 3: This is Keens watching Step with Queen and Candas Bergen 94 00:04:17,760 --> 00:04:20,960 Speaker 3: this weekend. 95 00:04:18,279 --> 00:04:22,280 Speaker 1: The Netflix doesn't have that. 96 00:04:22,279 --> 00:04:26,640 Speaker 3: That's you know, that's a movie, Lisa, Candae Bergen. 97 00:04:27,240 --> 00:04:31,720 Speaker 4: Okay, remember that you mentioned Zizzy. Actually they were upgraded 98 00:04:31,760 --> 00:04:33,920 Speaker 4: to Apple form at Wolf Research, so see's getting a 99 00:04:33,960 --> 00:04:34,880 Speaker 4: little upgrade there. 100 00:04:36,400 --> 00:04:40,520 Speaker 2: The Stock Movers podcast from Bloomberg Radio. Check back with 101 00:04:40,600 --> 00:04:43,360 Speaker 2: us throughout the day for the latest roundup of companies 102 00:04:43,400 --> 00:04:46,440 Speaker 2: making news on Wall Street and for the latest market 103 00:04:46,480 --> 00:04:50,800 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 104 00:04:50,880 --> 00:04:54,120 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 105 00:04:54,200 --> 00:04:55,679 Speaker 2: the Bloomberg Business app.