The Stock Movers Podcast from Bloomberg

0:00Hi, I'm Barry Ritholtz, introducing you to the new Stockmovers 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. Bloomberg Audio Studios. Podcasts. Radio. News. The Stock Movers Podcast, your roundup of companies making moves in the stock market, harnessing the power of Bloomberg data. 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.

0:48So Newsmax, yeah, I mean, how could you not talk about Newsmax today? 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.

1:26The company has a market value of more than$10.7 billion, but it did surge triple digits yesterday. 780 % job. No, it's$30 billion. Is it? Yes. It's$30 billion. Where am I speaking? No, listen, I'm with you because at one point - That was probably yesterday. Earlier, I'm outdated. 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 2 ,200%. Wow. Make sure Chris is a billionaire now. Sorry. Oh, yeah. He's a billionaire now. And just to remain contextualized this for us during our simulcast, looking at Warner Brothers Discovery, for example, that's a$25 billion company.

2:11Paramount Global, an$8.3 billion company. If we're talking about, like, what about the New York Times? Because all I'm going to say is mid-May, they're going to report their earnings. Cannot wait. So New York Times, I'm just pulling it up on the terminal. I'm an$8.2 billion company. All right, we got to move on. The comparison's insane. We just got to move on. We'll see how long it goes for. I know, I know, I know. Stuff does not last forever. 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.

2:41It 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 D.C. 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. That was not very long ago.

3:13I know. I know. In my lifetime, it wasn't long ago. I feel like so much has happened since then. She just finished her tour. They were really expensive. So much has happened since then. But they were so expensive. But they were expensive because they were in demand. Like, is this about the fees and stuff? Thank you for laughing. No, but is this really about the fees that are thrown on top of everything? I mean, 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 Seeds. I mean, supply and demand is supply and demand.

3:43That's true. But I just feel like. They can really run up a ticket. When scalpers used to buy them all and like. You know what? I'm just going to throw this out there. Are you just hurt? I'm hurt because I don't think Bon Iver is going to 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 Bon Iver stands. No one I'm talking about. I was like, oh, is this something your son like listens to? Well, he does because he's forced to listen to it because I force him to listen to it.

4:13Bon Iver sounds like you're probably forcing the headphones on. Bon Iver. You might have to do the spelling. It sounded like. Where's Cece? I got to find Cece. lost over here. It's like Boney Bear. Okay, come on. We're going to get to one more. PVH, this was a stock that I highlighted. 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 to be flat 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.

4:44But 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. What's it? Jeremy Allen White. That's the actor. You're finding it? No, he's going back to the Calvin Klein underwear. Yeah, the Calvin Klein. The bear. Ah. The bear. Season three of the bear. When is that happening? No spoilers, please. How long is it going to take for you to get over this? You know, probably until next quarter. Yesterday, or after the close yesterday when the earnings came out. Season four of the bear.

5:12When is that happening? And so he was looking at PVH because we were breaking down the earnings and up pops on the screen is the bear. and underwear. June 2025, perhaps, according to Gemini, Google AI, unsighted. Okay. Okay. Potentially. 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.