The Stock Movers Podcast from Bloomberg

Summary

The Stock Movers Podcast: Detailed Summary

Release Date: April 1, 2025
Podcast Title: The Stock Movers Podcast
Host: Bloomberg Radio
Description: The Stock Movers Podcast provides a concise yet comprehensive roundup of companies making significant gains and losses in the stock market each trading day, leveraging Bloomberg's extensive data resources.

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1. Newsmax's Explosive IPO Performance

Timestamp: [00:41] – [02:00]

The episode kicks off with an in-depth discussion on Newsmax, a media company owned by former New York Post journalist Christopher Ruddy. Norma Linda introduces the topic, highlighting the company's remarkable stock movement:

"Newsmax shares ended today up 3 for triple-digit gains, up 179%." – Unnamed Analyst 1 [00:52]

The analysts delve into the factors driving Newsmax's surge, particularly emphasizing its traction during the election period when conservative media views saw heightened engagement. The company's recent Initial Public Offering (IPO) on the New York Stock Exchange has catapulted its market valuation from an initial estimate of $10-12 billion to an astonishing $30 billion, reflecting a 2200% increase:

"It is up 2200%." – Norma Linda [01:44]

This unprecedented growth has not only elevated Newsmax's market standing but also significantly increased Christopher Ruddy's personal wealth, marking him as a billionaire:

"Chris is a billionaire now." – Unnamed Analyst 1 [01:57]

Despite the optimism, there is a cautious note regarding the sustainability of such rapid growth, with analysts comparing Newsmax's valuation to other established companies like Warner Brothers Discovery and Paramount Global.

2. President Trump's Executive Order on Ticket Scalping

Timestamp: [02:00] – [04:25]

The conversation shifts to the broader entertainment industry, focusing on ticket scalping and the recent executive actions taken by President Trump. An unnamed analyst explains that Trump has signed an executive order aimed at curbing ticket scalping and excessive fees, directing the Federal Trade Commission (FTC) to collaborate with the Department of Justice (DoJ) to enforce competition laws within the concert and entertainment sectors:

"President Trump is trying to crack down on ticket scalping and fees... ensuring that competition laws are enforced in the concert and entertainment industry." – Unnamed Analyst 1 [03:28]

This initiative targets companies like Vivid Seats and Live Nation, which have seen mixed stock performance in response. Vivid Seats experienced a slight decline of 2.4%, whereas Live Nation saw a modest uptick of 1%. The analysts discuss the potential long-term impacts of this regulatory move, debating whether it will foster greater transparency in ticket pricing or disrupt existing business models reliant on high demand and dynamic pricing strategies.

"He's urging for transparency at all stages of the ticket purchasing process." – Unnamed Analyst 1 [03:32]

3. Market Reactions and Industry Comparisons

Timestamp: [04:25] – [05:30]

The discussion broadens to compare the affected companies' market capitalizations, bringing into focus the New York Times, Warner Brothers Discovery, and Paramount Global. Norma Linda expresses eagerness for the New York Times' upcoming earnings report, suggesting that the company's performance will be a significant indicator of broader market trends.

Shifting back to the entertainment sector, the analysts touch upon other companies such as PV, which owns iconic brands like Calvin Klein and Tommy Hilfiger. PV's stock experienced an 18% gain, marking its best day in two years. Despite Wall Street's initial expectations of a slight decline in sales growth, PV's initiatives to stabilize the business have been positively received:

"The company expects sales growth flat or slightly positive, contrary to Wall Street's expectation of a half-point decline." – Unnamed Analyst 1 [04:35]

However, concerns remain as PV's stock has still faced a nearly 40% decline over the year, indicating underlying challenges despite short-term gains.

4. Cultural Interlude: "The Bear" and Industry Sentiments

Timestamp: [05:00] – [05:30]

In a lighter segment, the hosts briefly discuss the popular television series "The Bear", particularly focusing on the anticipation surrounding its third season. This conversation, while informal, reflects the analysts' personal interests and offers a glimpse into the cultural elements intersecting with market movements.

"Season three of The Bear—when is that happening?" – Unnamed Analyst 2 [05:00]
"Is it going to take for you to get over this?" – Norma Linda [05:04]

The discussion underscores the human aspect behind market analysis, reminding listeners that market dynamics are influenced by both quantitative data and qualitative sentiments.

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Conclusion

The episode of The Stock Movers Podcast provides listeners with a succinct yet thorough overview of the day's significant market movements. From Newsmax's staggering IPO success to the implications of presidential actions on the ticketing industry, the podcast delivers valuable insights supported by expert analysis and real-time data. Additionally, the inclusion of cultural discussions adds a relatable dimension, making complex financial topics more accessible to a broader audience.

Notable Quotes:

• "Newsmax is up 2200%." – Norma Linda [01:44]
• "President Trump is trying to crack down on ticket scalping and fees." – Unnamed Analyst 1 [03:28]
• "The company expects sales growth flat or slightly positive, contrary to Wall Street's expectation of a half-point decline." – Unnamed Analyst 1 [04:35]

Listeners can stay informed about the latest market movements and analyses by subscribing to The Stock Movers Podcast on platforms like Apple Podcasts, Spotify, or directly through Bloomberg.

Transcript

[Barry Ritholtz]

Hi, I'm Barry Ritholtz introducing you to the new Stock Movers podcast from Bloomberg. The show brings you short episodes, five minutes or less, covering the stocks making gains and losses in today's trading. Subscribe to Stock Movers on Apple, Spotify or anywhere you get your podcast. Here's a sample of the latest episode from our team at Bloomberg.

[Norma Linda]

Bloomberg Audio Studios. Podcasts radio news.

[Bloomberg Audio Studios]

The Stock Movers Podcast your roundup of companies making moves in the stock market, harnessing the power of Bloomberg data.

[Norma Linda]

Let's take a look at some stocks on the move on this Tuesday. Bloomberg News equities reporter Norma Linda on Tuesday, stock Movers. So Newsmax. Yeah, I mean, how could you not talk about Newsmax?

[Unnamed Analyst 1]

I mean, I just think it's such an insane number. That's why I love talking. You're not the only ones, Right. So we're seeing newsmax shares that ended 3 for triple digit gains today, up 179%. We know, of course, that Newsmax is owned by former New York Post journalist Christopher Ruddy. And this company really got a lot of traction during the election time period, the run up to the election, as people were tuning into conservative media ahead of President Trump's presidential election. This company, IPO yesterday and listed on the New York Stock Exchange, the company has a market value of more than $10.7 billion, but it did surge triple digits yesterday. 780%.

[Norma Linda]

It's $30 billion.

[Unnamed Analyst 1]

Is it?

[Unnamed Analyst 2]

Yes.

[Norma Linda]

30 billion.

[Unnamed Analyst 1]

Speaking.

[Norma Linda]

No, listen, I'm with you because that was probably yesterday.

[Unnamed Analyst 1]

Early. I'm outdated.

[Norma Linda]

Earlier in the session, I actually had noted it and I was like, oh, it's now like a 10 or $12 billion market cap. But it just kept going up, going up. My goodness, it is a $30 billion market cap company. It is up 2200%.

[Unnamed Analyst 1]

Wow. Chris a billionaire now.

[Norma Linda]

Sorry.

[Unnamed Analyst 2]

Oh, yeah, he's a billionaire now. And just to remain contextualize this for us during our simulcast, looking at Warner Brothers Discovery, for example, that's a $25 billion company. Paramount Global, an $8.3 billion company. Talking about, like, what about the New York Times?

[Norma Linda]

Because all I'm going to say is mid May, they're going to report their earnings. Cannot wait.

[Unnamed Analyst 2]

So New York Times, I'm just pulling it up on the term. What is $2 billion company?

[Norma Linda]

All right, we got to move the comparisons.

[Unnamed Analyst 1]

Insane.

[Norma Linda]

Yeah, we just got to move on.

[Unnamed Analyst 2]

We'll see how long it goes for.

[Norma Linda]

I know, I know, I know.

[Unnamed Analyst 2]

Stuff does not last forever right now.

[Unnamed Analyst 1]

Keep it Kind of in the realm of entertainment. I was also keeping an eye on companies like Vivid Seats and Live Nation. We had Vivid Seats falling. It fell about 2.4% today. Live Nation did end up 1% higher. But why we've really been looking at this today is because President Trump signed an executive order. He's really trying to crack down on ticket scalping and fees. We had our Kayla Gardner in dc. She wrote about this on the terminal yesterday evening. But essentially, Trump is trying to direct the FTC to work with the DoJ to ensure that competition laws are enforced in the concert and entertainment industry. I don't know if you guys remember way back when, when Taylor Swift's concert tickets were.

[Unnamed Analyst 2]

That was very long ago.

[Unnamed Analyst 1]

I know, I know.

[Unnamed Analyst 2]

In my lifetime, long ago.

[Norma Linda]

Just finished her tour. They were really expensive.

[Unnamed Analyst 1]

So much has happened since, but they were so, so expensive. So.

[Norma Linda]

But they were expensive in demand. Like, is this about the fees and stuff that.

[Unnamed Analyst 2]

Thank you for laughing.

[Norma Linda]

No, but is this really about the fees that are thrown on top of everything?

[Unnamed Analyst 1]

I mean, that's. He's saying that he's urging for transparency at, quote, all stages of the ticket purchasing process. So, I mean, of course that's not the best news for places like Vinci.

[Norma Linda]

And demand is supply and demand, but.

[Unnamed Analyst 1]

I just feel like they can really run up a.

[Norma Linda]

Run up a ticket when scalpers used to buy them all.

[Unnamed Analyst 2]

And like, you know, I'm just going to throw this out.

[Norma Linda]

Are you just hurt?

[Unnamed Analyst 2]

I'm hurt because I don't think Bon Iver is gonna go on a new tour this year. And Bon Iver's got a new album coming out in a little over a week. This is my favorite band. I wouldn't call it an art project. It's not even a band. You guys know what, you're the Bony Bear stands. Know what I'm talking about.

[Norma Linda]

I was like, oh, is this something your son, like, listens to? I know.

[Unnamed Analyst 2]

Well, he does because he's forced to listen to it because I force him to listen to it.

[Norma Linda]

Bony Bear sounds like probably headphones on. Bony Bear.

[Unnamed Analyst 1]

You might have to do the spelling.

[Unnamed Analyst 2]

Sounded like, Where's Cece? I gotta find a little lost over here.

[Norma Linda]

It sounded like Bony Bear. Okay, come on, we gotta get to one more pie. Pv. This was a stock that I highlighted.

[Unnamed Analyst 1]

Yes. A name in the green. Owner of Calvin Klein and Tommy Hilfiger. We saw double digit gains today, up 18%. That's the best day in two years for the company. It said that it expects sales growth.

[Norma Linda]

I know.

[Unnamed Analyst 1]

Flat or slightly positive. But Wall street was thinking that they would have percentage, a half point decline in terms of percentage there for sales growth. But Evercore did call out that some of the company's initiatives are, quote, starting to stabilize the business. But I mean if you look at the stock is still down what, almost 40% this year.

[Unnamed Analyst 2]

What's it Jeremy Allen White. That's the.

[Unnamed Analyst 1]

You're fighting it now.

[Norma Linda]

He's got back to the Calvin Klein underwear.

[Unnamed Analyst 2]

Yeah, the Calvin Klein.

[Norma Linda]

The bear.

[Unnamed Analyst 2]

Ah, the bear. Season three of the Bear. When is that happening?

[Unnamed Analyst 1]

No spoilers.

[Norma Linda]

Is it going to take for you to get over this?

[Unnamed Analyst 2]

You know, probably until next quarter.

[Norma Linda]

Yesterday or after the close yesterday when the earnings came out of the bear.

[Unnamed Analyst 2]

When is that?

[Norma Linda]

And so he was looking at PV because we were breaking down the earnings and up pops on the screen is the bear. So June underwear.

[Unnamed Analyst 2]

June 2025 perhaps according to Gemini Google AI unsighted.

[Unnamed Analyst 1]

Okay.

[Unnamed Analyst 2]

Okay. Potentially.

[Bloomberg Audio Studios]

The Stock Movers podcast from Bloomberg Radio. Check back with us throughout the day for the latest roundup of companies making news on Wall street and for the latest market moving headlines. Listen to Bloomberg Radio Live. Catch us on YouTube, bloomberg.com and on Apple CarPlay and Android Auto with the bloo.