1 00:00:02,520 --> 00:00:08,720 Speaker 1: Bloomberg Audio Studios, podcasts, radio News, The. 2 00:00:08,720 --> 00:00:12,560 Speaker 2: Stock Movers Report, your roundup of companies making moves in 3 00:00:12,600 --> 00:00:16,280 Speaker 2: the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,640 --> 00:00:19,680 Speaker 3: Let's get a check in on individual equity movers and 5 00:00:19,720 --> 00:00:21,599 Speaker 3: take a look at some stocks on the move. Paul 6 00:00:21,600 --> 00:00:23,599 Speaker 3: Sweni here with Scarlett Foo and we are joined now 7 00:00:23,680 --> 00:00:25,880 Speaker 3: by our very own Christina a Quino and Christine. 8 00:00:26,000 --> 00:00:27,440 Speaker 4: Let's start with Walt Disney. 9 00:00:27,840 --> 00:00:30,240 Speaker 1: Yeah, we need to talk about Walt Disney. That's having 10 00:00:30,320 --> 00:00:33,839 Speaker 1: a good day today. So Tick her Ds shares are 11 00:00:33,960 --> 00:00:36,720 Speaker 1: up just under one percent is your point nine percent, 12 00:00:36,720 --> 00:00:39,599 Speaker 1: but earlier is a more than one point three percent, 13 00:00:40,120 --> 00:00:43,920 Speaker 1: and it's all because of the Taylor Swift effect. We 14 00:00:44,000 --> 00:00:46,440 Speaker 1: have Disney Plus saying that they will air a six 15 00:00:46,479 --> 00:00:49,519 Speaker 1: part docu series on the behind the scenes action of 16 00:00:49,560 --> 00:00:52,760 Speaker 1: Taylor Swift's Ears toured that is the highest grossing concert 17 00:00:52,760 --> 00:00:56,080 Speaker 1: of all time. First episodes will air on the twelfth 18 00:00:56,080 --> 00:00:59,160 Speaker 1: of December, and we'll give a quote intimate look a 19 00:00:59,320 --> 00:01:02,400 Speaker 1: Taylor's life life. And yeah, that was major news for 20 00:01:02,840 --> 00:01:06,560 Speaker 1: the company. Earlier this morning when we got the announcement 21 00:01:06,640 --> 00:01:09,320 Speaker 1: via social media and good morning America. I have to 22 00:01:09,319 --> 00:01:12,319 Speaker 1: say I contributed to that highest grossing concert tour. 23 00:01:12,480 --> 00:01:13,240 Speaker 4: Did you metric? 24 00:01:13,400 --> 00:01:17,440 Speaker 1: Because I did. I flew twice to Europe last year. 25 00:01:17,560 --> 00:01:22,120 Speaker 1: There's a pirate, so yes, I am guilty of contributing. 26 00:01:22,160 --> 00:01:23,000 Speaker 2: So where did you see this? 27 00:01:23,319 --> 00:01:26,080 Speaker 1: I went to Lisbon, okay, and then I went to Amsterdam. 28 00:01:26,440 --> 00:01:30,080 Speaker 4: Awesome. Yeah, my daughter went down. She couldn't get tickets 29 00:01:30,080 --> 00:01:32,319 Speaker 4: here in New York, so she went down to Philadelphia. 30 00:01:32,600 --> 00:01:34,240 Speaker 4: It's a hotel room, the restaurant, you know, so the 31 00:01:34,319 --> 00:01:35,520 Speaker 4: multiplier effector. 32 00:01:35,360 --> 00:01:36,360 Speaker 1: You may make a trip out of it. 33 00:01:36,360 --> 00:01:37,880 Speaker 4: Sure, I'm waiting for the ECB to give you a 34 00:01:37,920 --> 00:01:41,840 Speaker 4: big shout out. Yes, what happened to beyond meat? Is 35 00:01:41,840 --> 00:01:43,160 Speaker 4: that still a thing beyond me? 36 00:01:43,240 --> 00:01:46,880 Speaker 1: Apparently it is, Paul, But yeah, it's not doing so well. 37 00:01:46,880 --> 00:01:50,120 Speaker 1: I was actually doing really badly. So shares ticker b 38 00:01:50,360 --> 00:01:53,640 Speaker 1: y Andy shares are down more than forty five percent. 39 00:01:53,720 --> 00:01:56,720 Speaker 1: Earlier it was down fifty eight percent. But either way, 40 00:01:56,760 --> 00:01:59,440 Speaker 1: it is down by the most on record. That is 41 00:01:59,480 --> 00:02:02,960 Speaker 1: because the company said that nearly all creditors had accepted 42 00:02:03,200 --> 00:02:05,920 Speaker 1: a debt swap that would lead to a substantial dilution 43 00:02:06,360 --> 00:02:09,359 Speaker 1: of shareholders. So this point was actually disclosed in September 44 00:02:10,080 --> 00:02:13,280 Speaker 1: and the point is to reduce leverage, and so the 45 00:02:13,320 --> 00:02:16,200 Speaker 1: idea was that if all holders decide to convert their notes, 46 00:02:16,440 --> 00:02:19,040 Speaker 1: then they would own just eighty eight percent of the stock. 47 00:02:19,120 --> 00:02:23,000 Speaker 1: And that's essentially what has happened. Shares have already declined 48 00:02:23,080 --> 00:02:28,120 Speaker 1: forty seven percent this year through Friday, and it's continuing today. Yeah, 49 00:02:28,160 --> 00:02:31,040 Speaker 1: troubles just continue. Remember when it was kind of there 50 00:02:31,080 --> 00:02:35,840 Speaker 1: were touting meatless products as the future, Well that didn't 51 00:02:35,880 --> 00:02:36,160 Speaker 1: pan out. 52 00:02:36,280 --> 00:02:39,359 Speaker 3: Yeah, it was like cannabis and then it was meatless 53 00:02:39,400 --> 00:02:40,800 Speaker 3: products and now it's AI. 54 00:02:41,040 --> 00:02:44,160 Speaker 4: So you know, the cycle continues. Let's take a look 55 00:02:44,200 --> 00:02:45,359 Speaker 4: at Broadcom. 56 00:02:45,400 --> 00:02:48,120 Speaker 3: I almost said a vago because the tickers ago and 57 00:02:48,160 --> 00:02:50,680 Speaker 3: that's what it used to be before it was that's right. 58 00:02:50,760 --> 00:02:54,160 Speaker 1: Yeah, well they did keep the tickers of abgo. Those 59 00:02:54,160 --> 00:02:57,040 Speaker 1: shares up nearly ten percent, nine point seven percent at 60 00:02:57,080 --> 00:03:00,560 Speaker 1: the moment. Massive deal with open Ai that was announced today. 61 00:03:00,760 --> 00:03:03,079 Speaker 1: They did sign a multi year agreement with that company, 62 00:03:03,280 --> 00:03:06,240 Speaker 1: and the idea was to collaborate on custom chips and 63 00:03:06,480 --> 00:03:10,120 Speaker 1: networking equipment. So the idea was Open Eye will design hardware, 64 00:03:10,520 --> 00:03:13,360 Speaker 1: Broadcom is going to develop it, and then the plan 65 00:03:13,520 --> 00:03:17,120 Speaker 1: is to add ten gigawatts worth of AI data center capacity, 66 00:03:17,639 --> 00:03:20,200 Speaker 1: and the companies are going to deploy racks of service 67 00:03:20,240 --> 00:03:23,200 Speaker 1: containing the gear in the second half of twenty twenty six, 68 00:03:23,280 --> 00:03:25,359 Speaker 1: So the AI theme just continues to. 69 00:03:25,280 --> 00:03:30,400 Speaker 2: Live on the Stock Movers report from Bloomberg Radio. Check 70 00:03:30,440 --> 00:03:32,760 Speaker 2: back with us throughout the day for the latest roundup 71 00:03:32,800 --> 00:03:35,760 Speaker 2: of companies making news on Wall Street and for the 72 00:03:35,840 --> 00:03:40,240 Speaker 2: latest market moving headlines. 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