The Stock Movers Podcast from Bloomberg

Check out the new Stock Movers Podcast https://link.podtrac.com/h0zn7xir from Bloomberg. Subscribe for five-minute episodes on today's winners and losers in the stock market. Listen on Apple: https://apple.co/4kJ43ON https://apple.co/4kJ43ON Listen on Spotify: https://tinyurl.com/mr385jv6 https://tinyurl.com/mr385jv6 Listen on other platforms: https://link.podtrac.com/h0zn7xir https://link.podtrac.com/h0zn7xir See omnystudio.com/listener https://omnystudio.com/listener for privacy information.

Speaker names marked ? are inferred from speaking time and the show’s known hosts — they are not voice-verified.

• 0:00Barry 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 podcasts. Here's a sample of the latest episode from our team at Bloomberg.

• 0:22Speaker 01

  Bloomberg Audio Studios, podcasts, radio, news.

• 0:30Speaker 02

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

• 0:39Speaker 03

  Let's take a look at some stocks on the move on this Tuesday. Bloomberg News equities reporter Nora Melinda on Tuesday's Stock Movers. So Newsmax, yeah, I mean, how could you not talk about Newsmax today?

• 0:52Speaker 04

  I just think it's such an insane number. That's why I love talking about these big numbers, right? So we're seeing Newsmax shares that ended 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'd 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% jump.

• 1:35Speaker 03

  No, it's $30 billion.

• 1:36Speaker 04

  Is it?

• 1:37Speaker 03

  It's $30 billion.

• 1:38Speaker 04

  Where am I speaking?

• 1:39Speaker 03

  No, listen, I'm with you because at one point-

• 1:41Speaker 05

  That was probably yesterday.

• 1:42Speaker 04

  Clearly, I'm outdated.

• 1:44Speaker 03

  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.

• 1:52Speaker 04

  My goodness.

• 1:53Speaker 03

  It is a $30 billion market cap company. It is up 2,200%.

• 1:58Speaker 04

  Wow, making Chris a billionaire now.

• 1:59Speaker 03

  Sorry.

• 2:00Speaker 05

  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 dollar company Paramount Global and 8.3 billion dollar company. Talking about like, what about the New York Times? Because.

• 2:18Speaker 03

  All I'm gonna say is mid May, they're gonna report their earnings. Cannot wait.

• 2:23Speaker 05

  So New York Times, I'm just pulling it up on the terminal, 8.2 billion dollar company.

• 2:26Speaker 03

  All right, we gotta move on.

• 2:27Speaker 04

  The comparison is insane.

• 2:28Speaker 03

  Yeah, we just gotta move on.

• 2:29Speaker 05

  We'll see how long it goes for.

• 2:31Speaker 03

  I know, I know, I know.

• 2:32Speaker 05

  Stuff does not last forever.

• 2:34Speaker 04

  Right. Keeping 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 colleague 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 surging.

• 3:12Speaker 05

  That was not very long ago.

• 3:13Speaker 04

  I know, I know.

• 3:14Speaker 05

  In my lifetime, that wasn't long ago.

• 3:18Speaker 03

  She just finished her tour. They were really expensive.

• 3:21Speaker 04

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

• 3:24Speaker 03

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

• 3:28Speaker 05

  Thank you for laughing.

• 3:29Speaker 03

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

• 3:32Speaker 04

  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 Vivid Seats.

• 3:41Speaker 03

  Supply and demand, but I just feel like.

• 3:44Speaker 04

  They can really run up a, run up a ticket.

• 3:46Speaker 03

  When scalpers used to buy them all and like.

• 3:48Speaker 05

  You know, I'm just gonna throw this out there.

• 3:50Speaker 03

  Are you just hurt?

• 3:51Speaker 05

  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 your, the Bon Iver stands know when I'm talking about.

• 4:06Speaker 03

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

• 4:09Speaker 05

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

• 4:12Speaker 03

  Bon Iver, sounds like.

• 4:13Speaker 05

  No, Bon Iver.

• 4:15Speaker 03

  Bon Iver.

• 4:16Speaker 04

  You might have to do the spelling.

• 4:18Speaker 05

  Where's Cece?

• 4:20Speaker 04

  A little lost over here.

• 4:21Speaker 03

  It's not like Bunny Bear. Okay, come on, we gotta get to one more. PVH, this was a stock that I highlighted.

• 4:25Speaker 04

  Yes, a name in the green, owner 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

• 4:35Speaker 03

  I know.

• 4:36Speaker 04

  Or slightly positive, but Wall Street was thinking that they would have a 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, it's still down, what, almost 40% this year?

• 4:52Speaker 05

  What's it, Jeremy Allen White? That's the, uh,

• 4:55Speaker 04

  You're finding it?

• 4:56Speaker 03

  No, let's go back to the Calvin Klein underwear.

• 4:58Speaker 05

  Yeah, the Calvin Klein.

• 4:59Speaker 03

  The Bear.

• 5:00Speaker 04

  Ah.

• 5:01Speaker 05

  The Bear, season three of The Bear. When is that happening?

• 5:03Speaker 04

  No spoilers, please.

• 5:04Speaker 03

  How long is it gonna take for you to get over this?

• 5:07Speaker 05

  You know, probably until next quarter.

• 5:08Speaker 03

  Yesterday, or after the close yesterday, when the earnings came out.

• 5:12Speaker 05

  When is that happening?

• 5:13Speaker 03

  And so he was looking at PVH because we were breaking down the earnings and up pops on the screen is The Bear.

• 5:19Speaker 05

  So June.

• 5:21Speaker 03

  Underwear.

• 5:21Speaker 05

  June 2025, perhaps, according to Gemini, Google AI, unsighted.

• 5:26Speaker 03

  Okay.

• 5:26Speaker 05

  Okay, potentially.

• 5:30Speaker 02

  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 Bloomberg Business App.