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 00:00:16,800 --> 00:00:19,560 Speaker 3: I'm Tim Stanbeck along with Carol Masser. Let's take a 5 00:00:19,560 --> 00:00:21,720 Speaker 3: look some stocks on the move today. We are joined 6 00:00:21,720 --> 00:00:24,560 Speaker 3: by Bloomberg Cross Asset reporter Isabel Lee. 7 00:00:25,120 --> 00:00:25,720 Speaker 4: What's going on? 8 00:00:26,480 --> 00:00:28,440 Speaker 1: We'll start with Bed, Bath and Beyond. It's the only 9 00:00:28,480 --> 00:00:31,120 Speaker 1: green one that I'm talking about. It's up nearly six percent. 10 00:00:31,240 --> 00:00:35,159 Speaker 1: So ticker is BBY. This is a home retailer company, Okay, 11 00:00:35,320 --> 00:00:38,040 Speaker 1: and it's in an agreement to buy tokens dot Com 12 00:00:38,280 --> 00:00:41,680 Speaker 1: to establish an investment in personal finance platform for real 13 00:00:41,840 --> 00:00:48,440 Speaker 1: estate and Tim's favorite token, red company. Still, you could 14 00:00:48,479 --> 00:00:50,760 Speaker 1: argue it some meme stock. But I mean, yes, the 15 00:00:50,840 --> 00:00:55,400 Speaker 1: soaps there are great. Okay, Wait, I know, Okay, So 16 00:00:55,440 --> 00:00:56,200 Speaker 1: let's wait a minute. 17 00:00:56,280 --> 00:00:59,160 Speaker 5: This is this is the company that's been closing. I 18 00:00:59,200 --> 00:01:01,720 Speaker 5: only know because there is one in my neighborhood. I 19 00:01:01,840 --> 00:01:03,760 Speaker 5: used to drive me crazy. You can ask Jason Kelly 20 00:01:03,760 --> 00:01:05,520 Speaker 5: about this. Because you'd walk in and you'd have to 21 00:01:05,600 --> 00:01:08,360 Speaker 5: like walk a certain way because you'd have to walk 22 00:01:08,360 --> 00:01:08,600 Speaker 5: through the. 23 00:01:08,560 --> 00:01:10,480 Speaker 3: Different departments and buy more stuff, Carol, and. 24 00:01:10,480 --> 00:01:13,039 Speaker 5: You would get lost and you'd be like and I'd 25 00:01:13,040 --> 00:01:16,080 Speaker 5: circle around. But they've had in terms of retail stories, 26 00:01:16,080 --> 00:01:16,959 Speaker 5: they've had a tough time. 27 00:01:17,080 --> 00:01:20,080 Speaker 4: So what I mean, maybe they will move up. 28 00:01:20,120 --> 00:01:22,759 Speaker 1: So the platform will integrate bed Bath and Beyond financial 29 00:01:22,760 --> 00:01:26,080 Speaker 1: technology and blockchain business, which I know is not widely 30 00:01:26,120 --> 00:01:28,640 Speaker 1: known to many people. Tokens dot com will be fully 31 00:01:28,640 --> 00:01:31,360 Speaker 1: owned by bed Bath and Beyond. Platform is expected to 32 00:01:31,360 --> 00:01:35,280 Speaker 1: be operational by July one. We have Bloomberg Intelligists analyst 33 00:01:35,360 --> 00:01:38,600 Speaker 1: pun i'm Goyel saying that by expanding its footprint to chokenization, 34 00:01:39,280 --> 00:01:42,280 Speaker 1: real world asset finance, and digital market infrastructure, they're looking 35 00:01:42,319 --> 00:01:46,679 Speaker 1: to diversify. Just putting it simply, it's up six percent, 36 00:01:46,760 --> 00:01:51,720 Speaker 1: so maybe investors are maybe they start selling cars to diversify, 37 00:01:51,880 --> 00:01:53,760 Speaker 1: or tokenize hand soap. 38 00:01:53,600 --> 00:01:55,360 Speaker 5: Or bunny rabbits or hamsters. 39 00:01:55,640 --> 00:01:57,360 Speaker 3: All right, I'm sorry, I'm pushing to the next. 40 00:01:57,320 --> 00:01:58,840 Speaker 5: I'm going to get in trouble for that, but I know, 41 00:01:58,880 --> 00:02:02,280 Speaker 5: I just think it's interesting and it you know it is. 42 00:02:02,920 --> 00:02:04,720 Speaker 1: Yeah, it was surprising to me. That's why I really 43 00:02:04,760 --> 00:02:05,680 Speaker 1: wanted to talk about it. 44 00:02:05,720 --> 00:02:09,960 Speaker 4: And it was a memestock right to some yes, okay. 45 00:02:10,000 --> 00:02:14,680 Speaker 1: Next month, very mobility turns is down by five percent. Earlier, 46 00:02:14,680 --> 00:02:16,800 Speaker 1: it was down to its lowest inter day level since 47 00:02:16,800 --> 00:02:19,920 Speaker 1: twenty twenty three. So this comes after Washington Post reported 48 00:02:19,919 --> 00:02:23,280 Speaker 1: that the Trump administration is restricting cities from using road 49 00:02:23,360 --> 00:02:26,200 Speaker 1: safety grants for speed cameras. So the Department of Transportation 50 00:02:26,639 --> 00:02:30,320 Speaker 1: said that the Trump administration will not allow safety dollars 51 00:02:30,400 --> 00:02:35,240 Speaker 1: to subsidize the purchase of speed cameras. This is interesting 52 00:02:35,240 --> 00:02:37,799 Speaker 1: as someone who doesn't drive. I mean, I always assume 53 00:02:37,840 --> 00:02:40,160 Speaker 1: there's just a speed camera everywhere and you should just follow. 54 00:02:40,320 --> 00:02:43,600 Speaker 3: Yeah, I mean, it's very political here in the US, 55 00:02:44,960 --> 00:02:46,240 Speaker 3: like everything, I guess you could. 56 00:02:46,080 --> 00:02:46,920 Speaker 4: Say, like everything. 57 00:02:47,520 --> 00:02:50,960 Speaker 3: But I'm interested to learn more about this one because 58 00:02:51,240 --> 00:02:56,680 Speaker 3: it seems like street safety, yes, would include tools like 59 00:02:56,720 --> 00:02:58,359 Speaker 3: that to deter people from. 60 00:02:58,160 --> 00:03:00,480 Speaker 1: Going to you would think, and proposals will extent of 61 00:03:00,560 --> 00:03:02,960 Speaker 1: sidewalk curves further into the roadway. 62 00:03:03,320 --> 00:03:06,040 Speaker 4: They're also going to be barred. Sorry, that's I'm still on. 63 00:03:07,240 --> 00:03:09,359 Speaker 5: I was going down the history well, because remember they 64 00:03:09,360 --> 00:03:12,239 Speaker 5: filed for bankruptcy, they came out of it. They have 65 00:03:12,320 --> 00:03:17,480 Speaker 5: gone through a bit of a transformation. Kirkland's Home has 66 00:03:17,480 --> 00:03:20,040 Speaker 5: a strategic partnership I think with them a few years ago. 67 00:03:20,200 --> 00:03:23,640 Speaker 5: So you know, listen, I want everyone to do well. 68 00:03:23,720 --> 00:03:25,360 Speaker 3: You just you just want to know where you can 69 00:03:25,400 --> 00:03:28,480 Speaker 3: spend those coupons that remember the coupons use. 70 00:03:28,360 --> 00:03:30,040 Speaker 5: It and you know, it was really lovely, like you 71 00:03:30,080 --> 00:03:31,639 Speaker 5: could buy something and be like I forgot the cup 72 00:03:31,639 --> 00:03:33,360 Speaker 5: and they're like, don't worry, just bring back the receipt 73 00:03:33,360 --> 00:03:37,320 Speaker 5: and they keep on that his fare and they were 74 00:03:37,360 --> 00:03:39,080 Speaker 5: really lovely about it, and they would just do all 75 00:03:39,120 --> 00:03:41,200 Speaker 5: the coupons and stuff. And I will say, I bought 76 00:03:41,240 --> 00:03:42,040 Speaker 5: a lot of stuff there. 77 00:03:42,200 --> 00:03:44,720 Speaker 3: All right, let's I'm going to keep pushing us. I'm 78 00:03:44,800 --> 00:03:46,000 Speaker 3: just away from bed bathroom. 79 00:03:46,600 --> 00:03:47,960 Speaker 5: I'm really sorry. I'm stuck on that. 80 00:03:48,000 --> 00:03:50,080 Speaker 3: Perhaps we could talk about Disney Disney. 81 00:03:49,760 --> 00:03:52,040 Speaker 4: Tickers d i S stock is down seven percent. 82 00:03:52,160 --> 00:03:55,120 Speaker 1: That's the biggest intry day declined since November after the 83 00:03:55,160 --> 00:03:57,880 Speaker 1: company gave a tepid outlook. So it also comes as 84 00:03:57,920 --> 00:04:00,120 Speaker 1: we await for the new leader who will be and 85 00:04:00,160 --> 00:04:05,080 Speaker 1: you SEEO Disney said, it's challenges is it's attracted. The 86 00:04:05,160 --> 00:04:08,800 Speaker 1: challenge is attracting international tourists its domestic parks. They also 87 00:04:08,880 --> 00:04:11,800 Speaker 1: warned of like ongoing calls for sports rights and we 88 00:04:11,880 --> 00:04:13,680 Speaker 1: know that the bulk of their earnings were delivered by 89 00:04:13,720 --> 00:04:17,200 Speaker 1: parks and cruises led by a certain Josh Diamarro, which 90 00:04:17,200 --> 00:04:19,960 Speaker 1: is the leading candidate to replace Bob Biger. I just 91 00:04:19,960 --> 00:04:22,160 Speaker 1: find it interesting that people go to parks, but I guess, 92 00:04:22,160 --> 00:04:22,919 Speaker 1: I mean, who won't. 93 00:04:23,120 --> 00:04:24,320 Speaker 5: My god, it's an experience. 94 00:04:24,480 --> 00:04:24,800 Speaker 4: Listen. 95 00:04:24,920 --> 00:04:26,840 Speaker 5: I went with my daughter when she's like eight or nine. 96 00:04:26,960 --> 00:04:29,200 Speaker 5: I have to say I thought I was going to 97 00:04:29,240 --> 00:04:31,080 Speaker 5: be like, oh, it's so commercial and so on and so forth. 98 00:04:31,600 --> 00:04:33,320 Speaker 5: Loved it. When she turned to me and said, Mom, 99 00:04:33,320 --> 00:04:36,400 Speaker 5: wouldn't be wonderful to live in a castle? I'm like, yeah, I. 100 00:04:36,320 --> 00:04:36,760 Speaker 1: Will buy it. 101 00:04:38,000 --> 00:04:39,599 Speaker 5: But it was a lot of fun and it was 102 00:04:39,720 --> 00:04:40,320 Speaker 5: well run. 103 00:04:40,560 --> 00:04:42,400 Speaker 3: Producer Ari a couple of years ago took his. 104 00:04:44,120 --> 00:04:47,680 Speaker 5: Right, right, are you loved it well? 105 00:04:48,960 --> 00:04:51,200 Speaker 4: To be the main cause of venue dress? What is 106 00:04:51,200 --> 00:04:51,800 Speaker 4: it impressive? 107 00:04:51,880 --> 00:04:55,920 Speaker 5: And what isn't an expensive? But like, people are into experiences, 108 00:04:55,920 --> 00:04:57,479 Speaker 5: and for kids it was I gotta say it was 109 00:04:57,520 --> 00:04:58,560 Speaker 5: blast yeah. 110 00:04:58,680 --> 00:05:01,000 Speaker 1: And every course said results were solid, but key Bank 111 00:05:01,040 --> 00:05:02,560 Speaker 1: said that results are kind of mixed. 112 00:05:02,560 --> 00:05:04,040 Speaker 4: But I mean, I don't know if stock is down 113 00:05:04,080 --> 00:05:04,760 Speaker 4: by seven percent. 114 00:05:04,880 --> 00:05:07,040 Speaker 5: Ros Gerber said he would like to see Disney split 115 00:05:07,160 --> 00:05:08,840 Speaker 5: up or he thinks right. That's how you get to 116 00:05:08,880 --> 00:05:11,680 Speaker 5: the real valuation is put the company into three. 117 00:05:12,520 --> 00:05:16,560 Speaker 2: The Stock Movers Report from Bloomberg Radio. 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