WEBVTT - Weekly Roundup: GM Gained, Warner Bros. Discovery Jumped, Netflix Fell

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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 Masser and I'm Tim Steadabeck he is. Indeed,

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<v Speaker 3>let's take a look at some stocks in the move

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<v Speaker 3>this week. Bloomberg TV Markets correspondent Nora Melinda is in

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<v Speaker 3>the house taking a look with some of the movers

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<v Speaker 3>this past week.

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<v Speaker 4>Quite a few.

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<v Speaker 5>I had to really narrow it down, but that's kind

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<v Speaker 5>of fun. Let's start with General Motors. Let's sick our GM.

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<v Speaker 6>This is the second biggest performer that we saw in

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<v Speaker 6>the S and P five hundred, behind Intuitive Surgical, and

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<v Speaker 6>we did see the stock gaining nineteen percent this week.

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<v Speaker 6>This is all after years, right, insane fifteen percent surge

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<v Speaker 6>on Tuesday of this week.

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<v Speaker 5>That's really what's propelled this stack.

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<v Speaker 6>The stock hire this after the automaker raise its profit,

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<v Speaker 6>guidance on buoyant truck sales, and of course a dose

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<v Speaker 6>of terror for relief.

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<v Speaker 5>I mean, we've been talking about four a lot this

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<v Speaker 5>week as well. It's one of its.

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<v Speaker 6>Competitors, and it seems as though there is some positive

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<v Speaker 6>guidance coming out of these companies here and on Friday,

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<v Speaker 6>of course, we do know that General Motors announced that

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<v Speaker 6>it would be cutting hundreds of salaried workers due to

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<v Speaker 6>what the company is calling business conditions. But we do

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<v Speaker 6>see this talk up about thirty one percent on the air.

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<v Speaker 4>Wow, all right, so GM up.

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<v Speaker 3>Of course, ticker GM up about nineteen percent this week.

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<v Speaker 3>I am just going to throw a ford in there,

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<v Speaker 3>because it's up sixteen percent this week.

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<v Speaker 4>Oh wow, that's you know, some ounperfect.

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<v Speaker 1>That's an honorable mention you can say. But how much

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<v Speaker 1>of that can today, Carol?

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<v Speaker 3>Because okay, four chairs details.

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<v Speaker 1>I'm just saying twelve percent just today, all right, Wow.

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<v Speaker 5>Yeah, twelve percent today. You're right, You're right, all right.

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<v Speaker 4>Moving on to Warner Brothers Discovery. It's a busy one.

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<v Speaker 1>This one is a good one.

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<v Speaker 4>I forgot that this was a big story this week.

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<v Speaker 4>I mean it really was.

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<v Speaker 6>It was a big story. It feels like so much

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<v Speaker 6>has happened this week. I had to dial back a

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<v Speaker 6>few days. But this is among the top performers this week,

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<v Speaker 6>rising sixteen percent, And of course, this after an eleven

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<v Speaker 6>percent surge that we saw on Tuesday and This is

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<v Speaker 6>not that a company said that it's considering a possible

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<v Speaker 6>sale after unsolicited interest from a course what we know

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<v Speaker 6>to be multiple companies including Netflix, Netflix and Comcast both

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<v Speaker 6>saying that they could be potentially interested in this company.

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<v Speaker 6>But I mean, if you look at a year to

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<v Speaker 6>date basis, I was digging into some of the numbers

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<v Speaker 6>up for triple digits this year. WBD up one hundred

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<v Speaker 6>percent so far this year.

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<v Speaker 3>So it's you go the dees page, right, it's one

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<v Speaker 3>hundred percent, one hundred point zero nine percent, but clean number,

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<v Speaker 3>so it's doubled this year.

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<v Speaker 1>Let's remind everybody, Yes, what is under the Warner Brothers

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<v Speaker 1>Discovery umbrella. A lot of stuff HBO, Max, HBO, Warner Brothers, HGTV, CNN, Discovery, Oprah,

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<v Speaker 1>Winfrey Network, DC, and then you get into the smaller stuff.

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<v Speaker 1>But that's kind of.

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<v Speaker 5>Like, yeah, so what's not what's not Discovery?

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<v Speaker 1>I will say, if you if you max out Warner

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<v Speaker 1>Brothers Discovery from when it became this iteration of a

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<v Speaker 1>public traded company, which was back in twenty twenty two,

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<v Speaker 1>share spike then in April of twenty twenty two at

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<v Speaker 1>twenty six dollars a share still below the twenty one

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<v Speaker 1>dollars a share where they are now.

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<v Speaker 4>So TVD we'll see what happens.

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<v Speaker 1>Since the industry has been under a ton of pressure.

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<v Speaker 1>The story, we've told that story quite a bit, but

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<v Speaker 1>this year's performance on that news or the idea of

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<v Speaker 1>potential acquisitions.

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<v Speaker 3>Doxia companies in play and listen, it's all about you know,

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<v Speaker 3>we've talked with a lot of unlets about content right

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<v Speaker 3>and IP procurement, and so you got to believe that

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<v Speaker 3>anybody interested is getting, you know, hopefully some really good

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<v Speaker 3>intellectual property that they can monetize in a big way.

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<v Speaker 4>Speaking of kind of content.

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<v Speaker 5>Yeah, I mean we talked to her.

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<v Speaker 6>Two names in the green. Let's talk about one that

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<v Speaker 6>ended in the red. This is Netflix. Take her in

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<v Speaker 6>FLX the third biggest decliner in the S and P

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<v Speaker 6>five hundred, shedding more than eight percent this week. It

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<v Speaker 6>lost ten percent on Wednesday after of course, we know

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<v Speaker 6>it's earnings revealed a tax dispute with Brazil, which cut

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<v Speaker 6>into its third quarter earnings. Of course, this is a

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<v Speaker 6>company where a lot of investors are used to upside

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<v Speaker 6>surprises here, so this was definitely a drag on the

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<v Speaker 6>company this week, and of course this really just raises

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<v Speaker 6>broader growth concerns for investors that are used to positivity

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<v Speaker 6>here for the stock. But shares of Netflix still up

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<v Speaker 6>but twenty three percent this year.

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<v Speaker 2>The Stock Movers report from Bloomberg Radio. Check back with

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<v Speaker 2>us throughout the day for the latest roundup of companies

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