WEBVTT - Disney Falls, Bed Bath & Beyond Up on Deal

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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 Tim Stanbeck along with Carol Masser. Let's take a

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<v Speaker 3>look some stocks on the move today. We are joined

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<v Speaker 3>by Bloomberg Cross Asset reporter Isabel Lee.

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<v Speaker 4>What's going on?

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<v Speaker 1>We'll start with Bed, Bath and Beyond. It's the only

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<v Speaker 1>green one that I'm talking about. It's up nearly six percent.

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<v Speaker 1>So ticker is BBY. This is a home retailer company, Okay,

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<v Speaker 1>and it's in an agreement to buy tokens dot Com

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<v Speaker 1>to establish an investment in personal finance platform for real

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<v Speaker 1>estate and Tim's favorite token, red company. Still, you could

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<v Speaker 1>argue it some meme stock. But I mean, yes, the

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<v Speaker 1>soaps there are great. Okay, Wait, I know, Okay, So

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<v Speaker 1>let's wait a minute.

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<v Speaker 5>This is this is the company that's been closing. I

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<v Speaker 5>only know because there is one in my neighborhood. I

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<v Speaker 5>used to drive me crazy. You can ask Jason Kelly

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<v Speaker 5>about this. Because you'd walk in and you'd have to

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<v Speaker 5>like walk a certain way because you'd have to walk

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<v Speaker 5>through the.

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<v Speaker 3>Different departments and buy more stuff, Carol, and.

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<v Speaker 5>You would get lost and you'd be like and I'd

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<v Speaker 5>circle around. But they've had in terms of retail stories,

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<v Speaker 5>they've had a tough time.

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<v Speaker 4>So what I mean, maybe they will move up.

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<v Speaker 1>So the platform will integrate bed Bath and Beyond financial

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<v Speaker 1>technology and blockchain business, which I know is not widely

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<v Speaker 1>known to many people. Tokens dot com will be fully

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<v Speaker 1>owned by bed Bath and Beyond. Platform is expected to

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<v Speaker 1>be operational by July one. We have Bloomberg Intelligists analyst

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<v Speaker 1>pun i'm Goyel saying that by expanding its footprint to chokenization,

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<v Speaker 1>real world asset finance, and digital market infrastructure, they're looking

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<v Speaker 1>to diversify. Just putting it simply, it's up six percent,

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<v Speaker 1>so maybe investors are maybe they start selling cars to diversify,

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<v Speaker 1>or tokenize hand soap.

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<v Speaker 5>Or bunny rabbits or hamsters.

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<v Speaker 3>All right, I'm sorry, I'm pushing to the next.

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<v Speaker 5>I'm going to get in trouble for that, but I know,

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<v Speaker 5>I just think it's interesting and it you know it is.

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<v Speaker 1>Yeah, it was surprising to me. That's why I really

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<v Speaker 1>wanted to talk about it.

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<v Speaker 4>And it was a memestock right to some yes, okay.

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<v Speaker 1>Next month, very mobility turns is down by five percent. Earlier,

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<v Speaker 1>it was down to its lowest inter day level since

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<v Speaker 1>twenty twenty three. So this comes after Washington Post reported

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<v Speaker 1>that the Trump administration is restricting cities from using road

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<v Speaker 1>safety grants for speed cameras. So the Department of Transportation

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<v Speaker 1>said that the Trump administration will not allow safety dollars

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<v Speaker 1>to subsidize the purchase of speed cameras. This is interesting

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<v Speaker 1>as someone who doesn't drive. I mean, I always assume

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<v Speaker 1>there's just a speed camera everywhere and you should just follow.

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<v Speaker 3>Yeah, I mean, it's very political here in the US,

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<v Speaker 3>like everything, I guess you could.

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<v Speaker 4>Say, like everything.

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<v Speaker 3>But I'm interested to learn more about this one because

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<v Speaker 3>it seems like street safety, yes, would include tools like

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<v Speaker 3>that to deter people from.

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<v Speaker 1>Going to you would think, and proposals will extent of

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<v Speaker 1>sidewalk curves further into the roadway.

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<v Speaker 4>They're also going to be barred. Sorry, that's I'm still on.

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<v Speaker 5>I was going down the history well, because remember they

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<v Speaker 5>filed for bankruptcy, they came out of it. They have

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<v Speaker 5>gone through a bit of a transformation. Kirkland's Home has

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<v Speaker 5>a strategic partnership I think with them a few years ago.

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<v Speaker 5>So you know, listen, I want everyone to do well.

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<v Speaker 3>You just you just want to know where you can

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<v Speaker 3>spend those coupons that remember the coupons use.

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<v Speaker 5>It and you know, it was really lovely, like you

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<v Speaker 5>could buy something and be like I forgot the cup

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<v Speaker 5>and they're like, don't worry, just bring back the receipt

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<v Speaker 5>and they keep on that his fare and they were

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<v Speaker 5>really lovely about it, and they would just do all

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<v Speaker 5>the coupons and stuff. And I will say, I bought

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<v Speaker 5>a lot of stuff there.

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<v Speaker 3>All right, let's I'm going to keep pushing us. I'm

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<v Speaker 3>just away from bed bathroom.

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<v Speaker 5>I'm really sorry. I'm stuck on that.

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<v Speaker 3>Perhaps we could talk about Disney Disney.

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<v Speaker 4>Tickers d i S stock is down seven percent.

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<v Speaker 1>That's the biggest intry day declined since November after the

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<v Speaker 1>company gave a tepid outlook. So it also comes as

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<v Speaker 1>we await for the new leader who will be and

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<v Speaker 1>you SEEO Disney said, it's challenges is it's attracted. The

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<v Speaker 1>challenge is attracting international tourists its domestic parks. They also

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<v Speaker 1>warned of like ongoing calls for sports rights and we

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<v Speaker 1>know that the bulk of their earnings were delivered by

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<v Speaker 1>parks and cruises led by a certain Josh Diamarro, which

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<v Speaker 1>is the leading candidate to replace Bob Biger. I just

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<v Speaker 1>find it interesting that people go to parks, but I guess,

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<v Speaker 1>I mean, who won't.

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<v Speaker 5>My god, it's an experience.

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<v Speaker 4>Listen.

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<v Speaker 5>I went with my daughter when she's like eight or nine.

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<v Speaker 5>I have to say I thought I was going to

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<v Speaker 5>be like, oh, it's so commercial and so on and so forth.

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<v Speaker 5>Loved it. When she turned to me and said, Mom,

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<v Speaker 5>wouldn't be wonderful to live in a castle? I'm like, yeah, I.

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<v Speaker 1>Will buy it.

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<v Speaker 5>But it was a lot of fun and it was

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<v Speaker 5>well run.

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<v Speaker 3>Producer Ari a couple of years ago took his.

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<v Speaker 5>Right, right, are you loved it well?

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<v Speaker 4>To be the main cause of venue dress? What is

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<v Speaker 4>it impressive?

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<v Speaker 5>And what isn't an expensive? But like, people are into experiences,

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<v Speaker 5>and for kids it was I gotta say it was

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<v Speaker 5>blast yeah.

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<v Speaker 1>And every course said results were solid, but key Bank

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<v Speaker 1>said that results are kind of mixed.

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<v Speaker 4>But I mean, I don't know if stock is down

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<v Speaker 4>by seven percent.

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<v Speaker 5>Ros Gerber said he would like to see Disney split

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<v Speaker 5>up or he thinks right. That's how you get to

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<v Speaker 5>the real valuation is put the company into three.

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