1 00:00:02,520 --> 00:00:07,000 Speaker 1: Bloomberg Audio Studios, podcasts, radio News. 2 00:00:08,560 --> 00:00:12,440 Speaker 2: The Stock Movers report your roundup of companies making moves 3 00:00:12,480 --> 00:00:15,880 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,600 --> 00:00:19,919 Speaker 1: I'm Jim Steadveek along with Carol Masser. Let's take a 5 00:00:19,960 --> 00:00:22,760 Speaker 1: look at some stocks on the move today. We're joined 6 00:00:22,760 --> 00:00:27,440 Speaker 1: by Alexander's Alexandra Semonova. She's Bloomberg News equities reporter alex 7 00:00:27,480 --> 00:00:29,400 Speaker 1: Stock's on the move today, no shortest. 8 00:00:29,520 --> 00:00:32,479 Speaker 3: She's from a big move. For this one, I robot 9 00:00:32,640 --> 00:00:36,200 Speaker 3: filed for bankruptcy and I'm so sad. It's very sad. 10 00:00:36,200 --> 00:00:38,280 Speaker 3: This is a very so many room dows. 11 00:00:38,120 --> 00:00:38,760 Speaker 4: In my house. 12 00:00:38,960 --> 00:00:42,960 Speaker 1: Okay, wait wait, have they actually been roombas or were 13 00:00:42,960 --> 00:00:43,640 Speaker 1: they knockoffs? 14 00:00:43,960 --> 00:00:47,160 Speaker 4: No, we were like early on. I mean we had 15 00:00:47,280 --> 00:00:51,280 Speaker 4: your loyalists for our dogs, like you know, yeah, yeah, 16 00:00:51,400 --> 00:00:53,480 Speaker 4: for our Dalmatians, which we don't have anymore. They're gone, 17 00:00:53,520 --> 00:00:56,080 Speaker 4: sorry guys, but I mean yeah, and we had one 18 00:00:56,120 --> 00:00:58,240 Speaker 4: to watch the floor and went through a couple of 19 00:00:58,240 --> 00:00:59,160 Speaker 4: different iterations. 20 00:00:59,160 --> 00:01:00,920 Speaker 1: So we are you're you're you're on. 21 00:01:01,040 --> 00:01:05,200 Speaker 3: Okay. Now, well, apparently the problem was that not everyone 22 00:01:05,280 --> 00:01:07,839 Speaker 3: like you, Carol, was buying the original people were buying 23 00:01:07,880 --> 00:01:11,360 Speaker 3: the Amazon knockoffs, which didn't fare well for the company, 24 00:01:11,480 --> 00:01:16,039 Speaker 3: hence it giving over control to its main Chinese supplier. 25 00:01:16,520 --> 00:01:19,039 Speaker 3: The common stock of I Robot will be wiped out 26 00:01:19,240 --> 00:01:23,040 Speaker 3: under the proposed Chapter eleven plan. It listed between one 27 00:01:23,120 --> 00:01:25,760 Speaker 3: hundred million dollars and five hundred million dollars worth of 28 00:01:25,800 --> 00:01:28,319 Speaker 3: assets and liabilities in the filing and if you look 29 00:01:28,360 --> 00:01:31,479 Speaker 3: at the share move today, it's down more than seventy percent. 30 00:01:31,560 --> 00:01:34,679 Speaker 3: So a really brutal day for this company. Bad day 31 00:01:34,720 --> 00:01:35,679 Speaker 3: for carpets as well. 32 00:01:35,720 --> 00:01:37,240 Speaker 4: I guess if you have a pet, it's like the 33 00:01:37,600 --> 00:01:39,440 Speaker 4: it's really fine, like you to go and the pet 34 00:01:39,520 --> 00:01:41,800 Speaker 4: like I've seen on the videos of dogs like jumping 35 00:01:41,840 --> 00:01:42,280 Speaker 4: onto that. 36 00:01:42,319 --> 00:01:44,640 Speaker 1: We always had with these because we had one of 37 00:01:44,680 --> 00:01:47,080 Speaker 1: the knockoffs. The challenge that we always had was you 38 00:01:47,120 --> 00:01:50,360 Speaker 1: had to have like no obstacles. Yeah in the way. 39 00:01:50,280 --> 00:01:52,200 Speaker 3: I'm sure that you don't have to monitor it, make 40 00:01:52,240 --> 00:01:53,440 Speaker 3: sure that it doesn't get like stuck. 41 00:01:53,560 --> 00:01:55,440 Speaker 1: I would also just stand there watching it, and I'm like, 42 00:01:55,520 --> 00:01:57,640 Speaker 1: I'd stand there watching and be like, and my wife's like, 43 00:01:58,400 --> 00:02:00,000 Speaker 1: is it are you actually saving any time? If you're 44 00:02:00,080 --> 00:02:02,360 Speaker 1: just going to stand there and watch it, Like, couldn't 45 00:02:02,360 --> 00:02:05,160 Speaker 1: you just be vacuumated and wasteless time. 46 00:02:05,200 --> 00:02:07,320 Speaker 4: I don't remember the original. Like it would go under 47 00:02:07,360 --> 00:02:09,600 Speaker 4: the couch, it would go like the only thing you 48 00:02:09,600 --> 00:02:10,960 Speaker 4: had to be careful is if you had a rug 49 00:02:11,000 --> 00:02:13,600 Speaker 4: with like fringes and so on and so forth. The end, 50 00:02:13,800 --> 00:02:15,920 Speaker 4: it could chew it up a little bit, maybe if 51 00:02:15,919 --> 00:02:16,919 Speaker 4: you didn't buy the knockoff. 52 00:02:17,000 --> 00:02:19,760 Speaker 1: Remember Amazon offered to buy this company and it wasn't 53 00:02:20,000 --> 00:02:21,680 Speaker 1: allowed to So that's sort of. 54 00:02:21,639 --> 00:02:24,160 Speaker 3: Been a great change of fortunes for them. But okay, 55 00:02:24,320 --> 00:02:25,280 Speaker 3: rest in peace, rumba. 56 00:02:25,760 --> 00:02:27,160 Speaker 1: There are other stocks you want to talk about. 57 00:02:27,480 --> 00:02:31,160 Speaker 3: Yeah, So Michael Sailor's strategy is also a big one. 58 00:02:31,160 --> 00:02:34,320 Speaker 3: Today it acquired almost a billion dollars in bitcoin for 59 00:02:34,560 --> 00:02:37,840 Speaker 3: a second straight week, as the cryptocurrency has been falling. 60 00:02:38,360 --> 00:02:41,400 Speaker 3: This was the largest amount of bitcoin acquired since July 61 00:02:41,560 --> 00:02:44,840 Speaker 3: and it's second straight week of buying over ten thousand bitcoin. 62 00:02:44,919 --> 00:02:48,359 Speaker 3: To its books, it used proceeds from sales of its 63 00:02:48,400 --> 00:02:50,960 Speaker 3: Class A common stock, which is a model that some 64 00:02:51,040 --> 00:02:56,239 Speaker 3: critics say dilutes the existing shareholder's equity. There has been 65 00:02:56,280 --> 00:02:59,520 Speaker 3: market speculation that the company might be removed from some 66 00:02:59,600 --> 00:03:03,320 Speaker 3: key equity indexes, but the Nasdaq one hundred actually opted 67 00:03:03,360 --> 00:03:07,240 Speaker 3: late Friday to keep strategy in the index when it 68 00:03:07,320 --> 00:03:11,799 Speaker 3: had its annual reconstitution. Shares are down right now, looks 69 00:03:11,840 --> 00:03:15,359 Speaker 3: like seven percent. And of course Bitcoin has been tumbling 70 00:03:15,360 --> 00:03:18,239 Speaker 3: to this year's lows. It is down about thirty percent 71 00:03:18,240 --> 00:03:20,360 Speaker 3: from an all time high of just over one hundred 72 00:03:20,360 --> 00:03:22,440 Speaker 3: and twenty six thousand in early October. 73 00:03:22,560 --> 00:03:24,600 Speaker 1: Now we're seeing someone met them last week when it was, 74 00:03:24,680 --> 00:03:27,000 Speaker 1: you know, above ninety three thousand percent point, but that 75 00:03:27,000 --> 00:03:27,560 Speaker 1: didn't six. 76 00:03:27,639 --> 00:03:30,360 Speaker 4: I just don't understand, like, are they I keep thinking 77 00:03:30,440 --> 00:03:32,639 Speaker 4: that are they just creating demand here? 78 00:03:33,160 --> 00:03:34,080 Speaker 1: You're talking strategies. 79 00:03:34,080 --> 00:03:38,120 Speaker 3: Absolutely, yeah, you would think that their purchases are a 80 00:03:38,160 --> 00:03:42,000 Speaker 3: test of confidence for bitcoin, but them buying it up 81 00:03:42,040 --> 00:03:44,960 Speaker 3: clearly asn't helping the cryptocurrency right now. And what's interesting too, 82 00:03:45,040 --> 00:03:47,400 Speaker 3: is it's not like there has been kind of a 83 00:03:47,520 --> 00:03:49,680 Speaker 3: risk off mood on Wall Street. People are still buying 84 00:03:49,720 --> 00:03:52,480 Speaker 3: stocks right but Bitcoin has been. 85 00:03:52,960 --> 00:03:55,960 Speaker 4: Tesla could end at a record today, are so my 86 00:03:56,960 --> 00:03:59,160 Speaker 4: co host reminded me, where do you want to go? 87 00:03:59,280 --> 00:03:59,840 Speaker 4: Number three? 88 00:04:00,120 --> 00:04:04,040 Speaker 3: Last one is Zillow. Shares of the company are tumbling today. 89 00:04:04,200 --> 00:04:07,040 Speaker 3: Looks like it's down about eight point four percent right now. 90 00:04:07,080 --> 00:04:10,720 Speaker 3: This is after report that Alphabet's Google has begun testing 91 00:04:10,760 --> 00:04:15,320 Speaker 3: a new advertising platform for real estate listings. This threatens 92 00:04:15,400 --> 00:04:18,000 Speaker 3: portals like Zilo and of course some of its competitors. 93 00:04:18,040 --> 00:04:20,479 Speaker 3: If you look at Costar Group, which is owner of 94 00:04:20,520 --> 00:04:22,680 Speaker 3: homes dot com, it also fell as much as nine 95 00:04:22,720 --> 00:04:26,159 Speaker 3: point one percent today to a July twenty twenty two 96 00:04:26,200 --> 00:04:31,240 Speaker 3: intraday low. Google's listings basically allow users to view full 97 00:04:31,279 --> 00:04:34,080 Speaker 3: details of a property right as you search it. You 98 00:04:34,080 --> 00:04:37,840 Speaker 3: can request a tour. Contacts the agent Goldman Sachs that 99 00:04:37,920 --> 00:04:40,600 Speaker 3: they don't expect a direct near term hit, but this 100 00:04:40,640 --> 00:04:41,960 Speaker 3: could be a problem in the long run. 101 00:04:43,520 --> 00:04:47,560 Speaker 2: The stock movers report from Bloomberg Radio. Check back with 102 00:04:47,640 --> 00:04:50,200 Speaker 2: us throughout the day for the latest roundup of companies 103 00:04:50,279 --> 00:04:53,360 Speaker 2: making news on Wall Street and for the latest market 104 00:04:53,400 --> 00:04:57,839 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 105 00:04:57,960 --> 00:05:01,040 Speaker 2: Bloomberg dot com, and on Apple, Our Play and Android 106 00:05:01,040 --> 00:05:02,960 Speaker 2: Auto with the Bloomberg Business app. 107 00:05:07,320 --> 00:05:07,760 Speaker 1: Mm hmm.