WEBVTT - SpaceX Falls, New York Times Sinks, Booking Rises

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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 2>I'm Jim Statavac along with Carol Masser.

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<v Speaker 3>Let's take a look at some stocks on the move.

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<v Speaker 2>We're joined by Tanitza Seikhova with some stocks that are moving.

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<v Speaker 3>Heya, SpaceX, right have we SpaceX?

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<v Speaker 1>Have we mentioned it? Last time I checked, SPACEPX was

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<v Speaker 1>down ticker is SPCX for as much as thirteen percent.

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<v Speaker 1>Of course, this is the first real picture we have

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<v Speaker 1>about the company's fundamental and actually in many important metrics.

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<v Speaker 1>Analysts were pretty impressed. The metric that caused a lot

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<v Speaker 1>of uproar is, of course, capital expenditure. This is something

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<v Speaker 1>we've been worried for a very long time, and that

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<v Speaker 1>number is twenty eight point five billion in the first half.

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<v Speaker 1>This is significantly four times more the spending year earlier.

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<v Speaker 1>So incredible number, and that's pretty much overshadowed the rest

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<v Speaker 1>of the report.

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<v Speaker 3>This is what we folks, you got to spend if

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<v Speaker 3>you do an AI. I think that's as simple, but

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<v Speaker 3>investors aren't so loving it. This is I don't know.

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<v Speaker 3>It's an interesting story, and I think we it's going

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<v Speaker 3>to take a little bit longer right to figure it out.

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<v Speaker 3>But investors not in pressed today.

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<v Speaker 2>Yeah.

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<v Speaker 1>I mean you look at the AI revenue and it's

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<v Speaker 1>a little bit over three billion, and then this is

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<v Speaker 1>so much less than their connectivity business. We're talking starlink,

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<v Speaker 1>So you're having this like you're spending so much and

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<v Speaker 1>so far we're not seeing a big payoff. So yeah,

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<v Speaker 1>I understand anxiety. And also on Thursday, insiders can sell shares,

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<v Speaker 1>so things are very vulataile.

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<v Speaker 3>We they don't like it at this price, so how

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<v Speaker 3>they're gonna like it? And there's so much more out there.

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<v Speaker 3>New York Times let's go there. Take our NYT stock

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<v Speaker 3>down fifteen percent as we.

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<v Speaker 1>Speak, pretty real day. This is actually the worst sale

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<v Speaker 1>of since twenty twelve if we continue to see the

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<v Speaker 1>price like that. Actually, the report wasn't so bad. We

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<v Speaker 1>saw a lot of the metrics in line with estimates.

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<v Speaker 1>People seem to be worried about spending again, so what

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<v Speaker 1>city is saying? While most metrics came in line with guidance,

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<v Speaker 1>the firms suggested operating expenses were higher that expected. They're

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<v Speaker 1>pointing to sales and marketing as the two big drivers.

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<v Speaker 1>We saw a big growth in digital only subscribers, but

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<v Speaker 1>compared to the trend they've had for quite some times,

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<v Speaker 1>this is slowing down a little bit, and anlysts are

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<v Speaker 1>a little bit worried. Last year they had a great year.

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<v Speaker 1>It was up more than thirty percent, So I think

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<v Speaker 1>the bar is pretty high, and investors are anxious about

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<v Speaker 1>any type of capital expenditure and any type of spending.

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<v Speaker 3>All right, let's talk travel booking here.

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<v Speaker 1>Yeah, travel is doing great booking and it's actually coming

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<v Speaker 1>from the US. We've been all very worried about travel

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<v Speaker 1>with obviously feel costs and all that, but US the

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<v Speaker 1>World Cup has been boosting travel. The company is up

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<v Speaker 1>nearly seven percent. The ticker is BK and G. Travel

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<v Speaker 1>demand has remained firm. Where yet to see because we're

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<v Speaker 1>seeing very mixed signals. We saw a lot of the

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<v Speaker 1>hotels reporting and it's very different reports done with the

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<v Speaker 1>World Cup. What happens next big questions to see, but

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<v Speaker 1>a lot of optimism from Booking, which has had a

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<v Speaker 1>pretty rough year here today that's still down despite the

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<v Speaker 1>booster seeing today, So.

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<v Speaker 3>I want to go on a trip.

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<v Speaker 2>I need to go going.

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<v Speaker 3>We have some work ones in the fall.

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<v Speaker 1>Well, you're going on vacation soon.

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<v Speaker 3>Yeah, I know, but I'm not getting on a plane.

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