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 3: I'm Carol Master along with Tim Static. Let's get to
Speaker 3: some stocks down the move with us as Bloomberg News
Speaker 3: cross Asset reporter Donita Seikova. She is here in studio Fox.
Speaker 3: We were talking about Fox on Friday, not Fox on Friday.
Speaker 3: We were talking about what Fox.
Speaker 4: Box Yeah today, And the reaction on Friday was very good.
Speaker 4: Rocco was up twenty percent on Friday. We're seeing completely
Speaker 4: different reactions. Rock itself is down just about one percent.
Speaker 4: But the reaction we're seeing from Fox Fox shares the
Speaker 4: ticker is Fox a dumbling seventeen percent. Really not catching
Speaker 4: up on that optimism we're seeing in tech stocks, in
Speaker 4: stocks more generally. It's coming off these news that Bloomberg
Speaker 4: reported on Friday that Fox Corporation has agreed to acquire
Speaker 4: Rocco in a deal that's valuing it about twenty two
Speaker 4: billion including debt. We're seeing quite the reaction there. This
Speaker 4: is not the first such acquisition we're seeing from folks.
Speaker 4: Of course, we saw two b and to B has
Speaker 4: been growing really fast for them. They're acquired in twenty twenty.
Speaker 4: It has about one hundred million subscribers.
Speaker 1: Can I watch the World Cup on t B?
Speaker 2: I don't know.
Speaker 1: It's just that's what I'm trying to fink you.
Speaker 4: If you're happy to watch the ads, yeah, okay, I
Speaker 4: don't know.
Speaker 1: I think you have to watch the.
Speaker 4: Yeah, that's that's the thing. Both the to B and Roku,
Speaker 4: they have really pushing that.
Speaker 3: PHEB to bvah to be quick search offering?
Speaker 4: Are they offering it.
Speaker 3: Free streams of selected major matches and open ceremony. Looks
Speaker 3: like I'm paying for another streaming service twenty six feet
Speaker 3: World Cup quick start Well for like a dozen streaming services.
Speaker 1: It's insane.
Speaker 4: That's what they plan to do. They plan to keep
Speaker 4: them separate so you can pay for a few more.
Speaker 4: So and Brocco will be separate. They both have about
Speaker 4: one hundred million monthly users. But there has been this
Speaker 4: big move. You know, obviously Netflix is offering cheap tier
Speaker 4: subscriptions if you're happy to watch the ads, so it's
Speaker 4: been getting pretty competitive. It's very interesting that if this
Speaker 4: deal has happened, this will be the third largest US
Speaker 4: television slash streaming platform, and it's going to be huge
Speaker 4: and it means a lot of competition for Netflix and Amazon.
Speaker 4: So very interesting space, but clearing investors are not too
Speaker 4: happy when it comes to the Fox stock, and that's
Speaker 4: actually not too great for the view because you includes
Speaker 4: Fox stocks as well.
Speaker 3: It's getting camera.
Speaker 1: Yeah, my top decliner a little later.
Speaker 3: I think you're going to be safe with that one.
Speaker 1: I to all you reminds us that two b's free, Yes,
Speaker 1: but if I want to buy the other matches, I'll
Speaker 1: have to pay for some sort of stream another streaming service.
Speaker 1: Sebastian Escobar reminds us that you can watch on Telemundo
Speaker 1: on peacock if you want to watch the games in Spanish.
Speaker 2: Ah mab be in.
Speaker 1: Yeah, that'll be fun.
Speaker 3: Yeah, exactly fun. Let's go to SpaceX second day in
Speaker 3: a row, second day as a publicly held company.
Speaker 4: Just second day and then superlatives don't feel like a
Speaker 4: second day. So just today the stock is up sixteen percent.
Speaker 4: Of course, the ticker we've been talking about this sps
Speaker 4: SPCX of sixteen percent today, nineteen percent rally on Friday,
Speaker 4: and the numbers are just crazy it's already the sixth
Speaker 4: more valuable company in the US just today. The value
Speaker 4: added is three hundred and forty billions and the market
Speaker 4: cup is two point four billions. That is so part
Speaker 4: part trillion, the two trillion, that's just a few hundred
Speaker 4: billions below Amazon. It's just crazy that in the span
Speaker 4: of two trading days we're getting so close to some
Speaker 4: of the biggest companies.
Speaker 1: One of them is profitable ones not Yeah, that's crazy.
Speaker 4: That's an aspect future customers. Yeah, the future.
Speaker 3: It's you're betting on the future, right, future businesses. Just
Speaker 3: get about thirty seconds Strip Advisor.
Speaker 4: We've been seeing that trend of major financial companies pushing
Speaker 4: deeper in hospitality, consumer experience. That's what Trip Advisory does.
Speaker 4: They have sold there the FOURK, which is like a
Speaker 4: European booking service to American Express for seven hundred million,
Speaker 4: and American Express now has a few they have Rezzie,
Speaker 4: they have Talk and now they have a fork. So
Speaker 4: you go to American Express, you book your trip, you
Speaker 4: book your dinner, you book everything. What too much?
Speaker 3: Yes, it's just so I don't know.
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