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 Tim Stanbeck along with Carol Masser. Let's take a
Speaker 3: look some stocks on the move today. We are joined
Speaker 3: by Bloomberg Cross Asset reporter Isabel Lee.
Speaker 4: What's going on?
Speaker 1: We'll start with Bed, Bath and Beyond. It's the only
Speaker 1: green one that I'm talking about. It's up nearly six percent.
Speaker 1: So ticker is BBY. This is a home retailer company, Okay,
Speaker 1: and it's in an agreement to buy tokens dot Com
Speaker 1: to establish an investment in personal finance platform for real
Speaker 1: estate and Tim's favorite token, red company. Still, you could
Speaker 1: argue it some meme stock. But I mean, yes, the
Speaker 1: soaps there are great. Okay, Wait, I know, Okay, So
Speaker 1: let's wait a minute.
Speaker 5: This is this is the company that's been closing. I
Speaker 5: only know because there is one in my neighborhood. I
Speaker 5: used to drive me crazy. You can ask Jason Kelly
Speaker 5: about this. Because you'd walk in and you'd have to
Speaker 5: like walk a certain way because you'd have to walk
Speaker 5: through the.
Speaker 3: Different departments and buy more stuff, Carol, and.
Speaker 5: You would get lost and you'd be like and I'd
Speaker 5: circle around. But they've had in terms of retail stories,
Speaker 5: they've had a tough time.
Speaker 4: So what I mean, maybe they will move up.
Speaker 1: So the platform will integrate bed Bath and Beyond financial
Speaker 1: technology and blockchain business, which I know is not widely
Speaker 1: known to many people. Tokens dot com will be fully
Speaker 1: owned by bed Bath and Beyond. Platform is expected to
Speaker 1: be operational by July one. We have Bloomberg Intelligists analyst
Speaker 1: pun i'm Goyel saying that by expanding its footprint to chokenization,
Speaker 1: real world asset finance, and digital market infrastructure, they're looking
Speaker 1: to diversify. Just putting it simply, it's up six percent,
Speaker 1: so maybe investors are maybe they start selling cars to diversify,
Speaker 1: or tokenize hand soap.
Speaker 5: Or bunny rabbits or hamsters.
Speaker 3: All right, I'm sorry, I'm pushing to the next.
Speaker 5: I'm going to get in trouble for that, but I know,
Speaker 5: I just think it's interesting and it you know it is.
Speaker 1: Yeah, it was surprising to me. That's why I really
Speaker 1: wanted to talk about it.
Speaker 4: And it was a memestock right to some yes, okay.
Speaker 1: Next month, very mobility turns is down by five percent. Earlier,
Speaker 1: it was down to its lowest inter day level since
Speaker 1: twenty twenty three. So this comes after Washington Post reported
Speaker 1: that the Trump administration is restricting cities from using road
Speaker 1: safety grants for speed cameras. So the Department of Transportation
Speaker 1: said that the Trump administration will not allow safety dollars
Speaker 1: to subsidize the purchase of speed cameras. This is interesting
Speaker 1: as someone who doesn't drive. I mean, I always assume
Speaker 1: there's just a speed camera everywhere and you should just follow.
Speaker 3: Yeah, I mean, it's very political here in the US,
Speaker 3: like everything, I guess you could.
Speaker 4: Say, like everything.
Speaker 3: But I'm interested to learn more about this one because
Speaker 3: it seems like street safety, yes, would include tools like
Speaker 3: that to deter people from.
Speaker 1: Going to you would think, and proposals will extent of
Speaker 1: sidewalk curves further into the roadway.
Speaker 4: They're also going to be barred. Sorry, that's I'm still on.
Speaker 5: I was going down the history well, because remember they
Speaker 5: filed for bankruptcy, they came out of it. They have
Speaker 5: gone through a bit of a transformation. Kirkland's Home has
Speaker 5: a strategic partnership I think with them a few years ago.
Speaker 5: So you know, listen, I want everyone to do well.
Speaker 3: You just you just want to know where you can
Speaker 3: spend those coupons that remember the coupons use.
Speaker 5: It and you know, it was really lovely, like you
Speaker 5: could buy something and be like I forgot the cup
Speaker 5: and they're like, don't worry, just bring back the receipt
Speaker 5: and they keep on that his fare and they were
Speaker 5: really lovely about it, and they would just do all
Speaker 5: the coupons and stuff. And I will say, I bought
Speaker 5: a lot of stuff there.
Speaker 3: All right, let's I'm going to keep pushing us. I'm
Speaker 3: just away from bed bathroom.
Speaker 5: I'm really sorry. I'm stuck on that.
Speaker 3: Perhaps we could talk about Disney Disney.
Speaker 4: Tickers d i S stock is down seven percent.
Speaker 1: That's the biggest intry day declined since November after the
Speaker 1: company gave a tepid outlook. So it also comes as
Speaker 1: we await for the new leader who will be and
Speaker 1: you SEEO Disney said, it's challenges is it's attracted. The
Speaker 1: challenge is attracting international tourists its domestic parks. They also
Speaker 1: warned of like ongoing calls for sports rights and we
Speaker 1: know that the bulk of their earnings were delivered by
Speaker 1: parks and cruises led by a certain Josh Diamarro, which
Speaker 1: is the leading candidate to replace Bob Biger. I just
Speaker 1: find it interesting that people go to parks, but I guess,
Speaker 1: I mean, who won't.
Speaker 5: My god, it's an experience.
Speaker 4: Listen.
Speaker 5: I went with my daughter when she's like eight or nine.
Speaker 5: I have to say I thought I was going to
Speaker 5: be like, oh, it's so commercial and so on and so forth.
Speaker 5: Loved it. When she turned to me and said, Mom,
Speaker 5: wouldn't be wonderful to live in a castle? I'm like, yeah, I.
Speaker 1: Will buy it.
Speaker 5: But it was a lot of fun and it was
Speaker 5: well run.
Speaker 3: Producer Ari a couple of years ago took his.
Speaker 5: Right, right, are you loved it well?
Speaker 4: To be the main cause of venue dress? What is
Speaker 4: it impressive?
Speaker 5: And what isn't an expensive? But like, people are into experiences,
Speaker 5: and for kids it was I gotta say it was
Speaker 5: blast yeah.
Speaker 1: And every course said results were solid, but key Bank
Speaker 1: said that results are kind of mixed.
Speaker 4: But I mean, I don't know if stock is down
Speaker 4: by seven percent.
Speaker 5: Ros Gerber said he would like to see Disney split
Speaker 5: up or he thinks right. That's how you get to
Speaker 5: the real valuation is put the company into three.
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