WEBVTT - Fox Slides, SpaceX Gains, TripAdvisor Soars

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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 3>I'm Carol Master along with Tim Static. Let's get to

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<v Speaker 3>some stocks down the move with us as Bloomberg News

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<v Speaker 3>cross Asset reporter Donita Seikova. She is here in studio Fox.

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<v Speaker 3>We were talking about Fox on Friday, not Fox on Friday.

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<v Speaker 3>We were talking about what Fox.

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<v Speaker 4>Box Yeah today, And the reaction on Friday was very good.

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<v Speaker 4>Rocco was up twenty percent on Friday. We're seeing completely

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<v Speaker 4>different reactions. Rock itself is down just about one percent.

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<v Speaker 4>But the reaction we're seeing from Fox Fox shares the

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<v Speaker 4>ticker is Fox a dumbling seventeen percent. Really not catching

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<v Speaker 4>up on that optimism we're seeing in tech stocks, in

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<v Speaker 4>stocks more generally. It's coming off these news that Bloomberg

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<v Speaker 4>reported on Friday that Fox Corporation has agreed to acquire

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<v Speaker 4>Rocco in a deal that's valuing it about twenty two

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<v Speaker 4>billion including debt. We're seeing quite the reaction there. This

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<v Speaker 4>is not the first such acquisition we're seeing from folks.

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<v Speaker 4>Of course, we saw two b and to B has

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<v Speaker 4>been growing really fast for them. They're acquired in twenty twenty.

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<v Speaker 4>It has about one hundred million subscribers.

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<v Speaker 1>Can I watch the World Cup on t B?

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<v Speaker 2>I don't know.

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<v Speaker 1>It's just that's what I'm trying to fink you.

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<v Speaker 4>If you're happy to watch the ads, yeah, okay, I

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<v Speaker 4>don't know.

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<v Speaker 1>I think you have to watch the.

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<v Speaker 4>Yeah, that's that's the thing. Both the to B and Roku,

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<v Speaker 4>they have really pushing that.

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<v Speaker 3>PHEB to bvah to be quick search offering?

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<v Speaker 4>Are they offering it.

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<v Speaker 3>Free streams of selected major matches and open ceremony. Looks

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<v Speaker 3>like I'm paying for another streaming service twenty six feet

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<v Speaker 3>World Cup quick start Well for like a dozen streaming services.

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<v Speaker 1>It's insane.

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<v Speaker 4>That's what they plan to do. They plan to keep

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<v Speaker 4>them separate so you can pay for a few more.

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<v Speaker 4>So and Brocco will be separate. They both have about

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<v Speaker 4>one hundred million monthly users. But there has been this

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<v Speaker 4>big move. You know, obviously Netflix is offering cheap tier

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<v Speaker 4>subscriptions if you're happy to watch the ads, so it's

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<v Speaker 4>been getting pretty competitive. It's very interesting that if this

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<v Speaker 4>deal has happened, this will be the third largest US

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<v Speaker 4>television slash streaming platform, and it's going to be huge

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<v Speaker 4>and it means a lot of competition for Netflix and Amazon.

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<v Speaker 4>So very interesting space, but clearing investors are not too

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<v Speaker 4>happy when it comes to the Fox stock, and that's

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<v Speaker 4>actually not too great for the view because you includes

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<v Speaker 4>Fox stocks as well.

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<v Speaker 3>It's getting camera.

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<v Speaker 1>Yeah, my top decliner a little later.

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<v Speaker 3>I think you're going to be safe with that one.

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<v Speaker 1>I to all you reminds us that two b's free, Yes,

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<v Speaker 1>but if I want to buy the other matches, I'll

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<v Speaker 1>have to pay for some sort of stream another streaming service.

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<v Speaker 1>Sebastian Escobar reminds us that you can watch on Telemundo

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<v Speaker 1>on peacock if you want to watch the games in Spanish.

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<v Speaker 2>Ah mab be in.

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<v Speaker 1>Yeah, that'll be fun.

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<v Speaker 3>Yeah, exactly fun. Let's go to SpaceX second day in

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<v Speaker 3>a row, second day as a publicly held company.

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<v Speaker 4>Just second day and then superlatives don't feel like a

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<v Speaker 4>second day. So just today the stock is up sixteen percent.

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<v Speaker 4>Of course, the ticker we've been talking about this sps

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<v Speaker 4>SPCX of sixteen percent today, nineteen percent rally on Friday,

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<v Speaker 4>and the numbers are just crazy it's already the sixth

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<v Speaker 4>more valuable company in the US just today. The value

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<v Speaker 4>added is three hundred and forty billions and the market

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<v Speaker 4>cup is two point four billions. That is so part

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<v Speaker 4>part trillion, the two trillion, that's just a few hundred

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<v Speaker 4>billions below Amazon. It's just crazy that in the span

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<v Speaker 4>of two trading days we're getting so close to some

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<v Speaker 4>of the biggest companies.

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<v Speaker 1>One of them is profitable ones not Yeah, that's crazy.

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<v Speaker 4>That's an aspect future customers. Yeah, the future.

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<v Speaker 3>It's you're betting on the future, right, future businesses. Just

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<v Speaker 3>get about thirty seconds Strip Advisor.

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<v Speaker 4>We've been seeing that trend of major financial companies pushing

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<v Speaker 4>deeper in hospitality, consumer experience. That's what Trip Advisory does.

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<v Speaker 4>They have sold there the FOURK, which is like a

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<v Speaker 4>European booking service to American Express for seven hundred million,

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<v Speaker 4>and American Express now has a few they have Rezzie,

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<v Speaker 4>they have Talk and now they have a fork. So

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<v Speaker 4>you go to American Express, you book your trip, you

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<v Speaker 4>book your dinner, you book everything. What too much?

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<v Speaker 3>Yes, it's just so I don't know.

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