Speaker 1: Bloomberg Audio Studios, podcasts, radio news.
Speaker 2: The Stock Movers Report, your roundup of companies making moves
Speaker 2: in the stock market, harnessing the power of Bloomberg Data.
Speaker 2: I'm Jim Statavac along with Carol Masser.
Speaker 3: Let's take a look at some stocks on the move.
Speaker 2: We're joined by Tanitza Seikhova with some stocks that are moving.
Speaker 3: Heya, SpaceX, right have we SpaceX?
Speaker 1: Have we mentioned it? Last time I checked, SPACEPX was
Speaker 1: down ticker is SPCX for as much as thirteen percent.
Speaker 1: Of course, this is the first real picture we have
Speaker 1: about the company's fundamental and actually in many important metrics.
Speaker 1: Analysts were pretty impressed. The metric that caused a lot
Speaker 1: of uproar is, of course, capital expenditure. This is something
Speaker 1: we've been worried for a very long time, and that
Speaker 1: number is twenty eight point five billion in the first half.
Speaker 1: This is significantly four times more the spending year earlier.
Speaker 1: So incredible number, and that's pretty much overshadowed the rest
Speaker 1: of the report.
Speaker 3: This is what we folks, you got to spend if
Speaker 3: you do an AI. I think that's as simple, but
Speaker 3: investors aren't so loving it. This is I don't know.
Speaker 3: It's an interesting story, and I think we it's going
Speaker 3: to take a little bit longer right to figure it out.
Speaker 3: But investors not in pressed today.
Speaker 2: Yeah.
Speaker 1: I mean you look at the AI revenue and it's
Speaker 1: a little bit over three billion, and then this is
Speaker 1: so much less than their connectivity business. We're talking starlink,
Speaker 1: So you're having this like you're spending so much and
Speaker 1: so far we're not seeing a big payoff. So yeah,
Speaker 1: I understand anxiety. And also on Thursday, insiders can sell shares,
Speaker 1: so things are very vulataile.
Speaker 3: We they don't like it at this price, so how
Speaker 3: they're gonna like it? And there's so much more out there.
Speaker 3: New York Times let's go there. Take our NYT stock
Speaker 3: down fifteen percent as we.
Speaker 1: Speak, pretty real day. This is actually the worst sale
Speaker 1: of since twenty twelve if we continue to see the
Speaker 1: price like that. Actually, the report wasn't so bad. We
Speaker 1: saw a lot of the metrics in line with estimates.
Speaker 1: People seem to be worried about spending again, so what
Speaker 1: city is saying? While most metrics came in line with guidance,
Speaker 1: the firms suggested operating expenses were higher that expected. They're
Speaker 1: pointing to sales and marketing as the two big drivers.
Speaker 1: We saw a big growth in digital only subscribers, but
Speaker 1: compared to the trend they've had for quite some times,
Speaker 1: this is slowing down a little bit, and anlysts are
Speaker 1: a little bit worried. Last year they had a great year.
Speaker 1: It was up more than thirty percent, So I think
Speaker 1: the bar is pretty high, and investors are anxious about
Speaker 1: any type of capital expenditure and any type of spending.
Speaker 3: All right, let's talk travel booking here.
Speaker 1: Yeah, travel is doing great booking and it's actually coming
Speaker 1: from the US. We've been all very worried about travel
Speaker 1: with obviously feel costs and all that, but US the
Speaker 1: World Cup has been boosting travel. The company is up
Speaker 1: nearly seven percent. The ticker is BK and G. Travel
Speaker 1: demand has remained firm. Where yet to see because we're
Speaker 1: seeing very mixed signals. We saw a lot of the
Speaker 1: hotels reporting and it's very different reports done with the
Speaker 1: World Cup. What happens next big questions to see, but
Speaker 1: a lot of optimism from Booking, which has had a
Speaker 1: pretty rough year here today that's still down despite the
Speaker 1: booster seeing today, So.
Speaker 3: I want to go on a trip.
Speaker 2: I need to go going.
Speaker 3: We have some work ones in the fall.
Speaker 1: Well, you're going on vacation soon.
Speaker 3: Yeah, I know, but I'm not getting on a plane.
Speaker 2: This stock Movers report from Bloomberg Radio. Check back with
Speaker 2: us throughout the day for the latest roundup of companies
Speaker 2: making news on Wall Street and for the latest market
Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube,
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