Speaker 1: Bloomberg Audio Studios, podcasts, radio News, The.
Speaker 2: Stock Movers Report, your roundup of companies making moves in
Speaker 2: the stock market, harnessing the power of Bloomberg Data.
Speaker 3: Let's get a check in on individual equity movers and
Speaker 3: take a look at some stocks on the move. Paul
Speaker 3: Sweni here with Scarlett Foo and we are joined now
Speaker 3: by our very own Christina a Quino and Christine.
Speaker 4: Let's start with Walt Disney.
Speaker 1: Yeah, we need to talk about Walt Disney. That's having
Speaker 1: a good day today. So Tick her Ds shares are
Speaker 1: up just under one percent is your point nine percent,
Speaker 1: but earlier is a more than one point three percent,
Speaker 1: and it's all because of the Taylor Swift effect. We
Speaker 1: have Disney Plus saying that they will air a six
Speaker 1: part docu series on the behind the scenes action of
Speaker 1: Taylor Swift's Ears toured that is the highest grossing concert
Speaker 1: of all time. First episodes will air on the twelfth
Speaker 1: of December, and we'll give a quote intimate look a
Speaker 1: Taylor's life life. And yeah, that was major news for
Speaker 1: the company. Earlier this morning when we got the announcement
Speaker 1: via social media and good morning America. I have to
Speaker 1: say I contributed to that highest grossing concert tour.
Speaker 4: Did you metric?
Speaker 1: Because I did. I flew twice to Europe last year.
Speaker 1: There's a pirate, so yes, I am guilty of contributing.
Speaker 2: So where did you see this?
Speaker 1: I went to Lisbon, okay, and then I went to Amsterdam.
Speaker 4: Awesome. Yeah, my daughter went down. She couldn't get tickets
Speaker 4: here in New York, so she went down to Philadelphia.
Speaker 4: It's a hotel room, the restaurant, you know, so the
Speaker 4: multiplier effector.
Speaker 1: You may make a trip out of it.
Speaker 4: Sure, I'm waiting for the ECB to give you a
Speaker 4: big shout out. Yes, what happened to beyond meat? Is
Speaker 4: that still a thing beyond me?
Speaker 1: Apparently it is, Paul, But yeah, it's not doing so well.
Speaker 1: I was actually doing really badly. So shares ticker b
Speaker 1: y Andy shares are down more than forty five percent.
Speaker 1: Earlier it was down fifty eight percent. But either way,
Speaker 1: it is down by the most on record. That is
Speaker 1: because the company said that nearly all creditors had accepted
Speaker 1: a debt swap that would lead to a substantial dilution
Speaker 1: of shareholders. So this point was actually disclosed in September
Speaker 1: and the point is to reduce leverage, and so the
Speaker 1: idea was that if all holders decide to convert their notes,
Speaker 1: then they would own just eighty eight percent of the stock.
Speaker 1: And that's essentially what has happened. Shares have already declined
Speaker 1: forty seven percent this year through Friday, and it's continuing today. Yeah,
Speaker 1: troubles just continue. Remember when it was kind of there
Speaker 1: were touting meatless products as the future, Well that didn't
Speaker 1: pan out.
Speaker 3: Yeah, it was like cannabis and then it was meatless
Speaker 3: products and now it's AI.
Speaker 4: So you know, the cycle continues. Let's take a look
Speaker 4: at Broadcom.
Speaker 3: I almost said a vago because the tickers ago and
Speaker 3: that's what it used to be before it was that's right.
Speaker 1: Yeah, well they did keep the tickers of abgo. Those
Speaker 1: shares up nearly ten percent, nine point seven percent at
Speaker 1: the moment. Massive deal with open Ai that was announced today.
Speaker 1: They did sign a multi year agreement with that company,
Speaker 1: and the idea was to collaborate on custom chips and
Speaker 1: networking equipment. So the idea was Open Eye will design hardware,
Speaker 1: Broadcom is going to develop it, and then the plan
Speaker 1: is to add ten gigawatts worth of AI data center capacity,
Speaker 1: and the companies are going to deploy racks of service
Speaker 1: containing the gear in the second half of twenty twenty six,
Speaker 1: So the AI theme just continues to.
Speaker 2: Live on the Stock Movers report from Bloomberg Radio. Check
Speaker 2: back with us throughout the day for the latest roundup
Speaker 2: of companies making news on Wall Street and for the
Speaker 2: latest market moving headlines. Listen to Bloomberg Radio Live, catch
Speaker 2: us on YouTube, Bloomberg dot com, and on Applecarplay and
Speaker 2: Android Auto with the Bloomberg Business app.