Comcast and Broadband; Apple Foldable Phone Unveil; Meta Climbs

0:00Some people treat Chachy PT like some kind of smart search engine, and some use it to get work done. Chachy PT work is a new way of working in Chachy PT that can take action across your apps and files, stay with a project for hours if needed, and turn a goal into finished work. It's designed to help you move from a chaotic starting point to a reviewable first version. So all the source materials, briefs, and scattered information that you have to grind through to turn into something useful can just become something useful. Put Chachy PT to work on your most ambitious ideas and projects. Get started at chachypt.com by selecting Work Mode, available on plus and pro plans. Bloomberg Audio Studios. Podcasts, Radio, News. The Stock Movers Report. Your roundup of companies making moves in the stock market, harnessing the power of Bloomberg data. Take a look at some stocks on the move today.

1:00I'm Nathan Hager joined by Bloomberg's UN Parts and I'm warning we've been talking about foldable iPhones. UN Parts is talking about cutting the cord. Why are we watching Comcast this morning? You and good morning. Good morning. It's all about broadband. Comcast, Comcast, CFO, CSEC's, no improvement in broadband subscriber losses in the current quarter. Assigned that competitors are offering lower prices, lowering customers away. He points out that rivals are offering rates for broadband access in the range of 30 to 40 dollars a month for speed of 1 gigabit of second. Comcast, offering comes in at 50 bucks a month for that speed. The company says that rivals prices are at a level that makes it hard to show a return on investment. Analysts were forecasting just over 100,000 subscriber losses in the current quarter, but the comments suggest that number could be closer to the prior loss, which was nearly 170,000 shares were lower earlier, just now peaking into the green. Okay, well, let's get the update then on Apple after the iPhone Do-Well announcement.

2:04Yeah, plenty of analysis coming through on the world's second most valuable listed company. Commentators generally positive on the new duo foldable iPhone set to hit stores at a price tag of up to $3,200. Bloomberg intelligence says that duo is one of the better design products by the smartphone maker in several years and BI anticipates a much better consumer reception than recent models. It reckons that Apple will sell about 14 million of these things in the first 12 months. The prior scenario suggested between 10 and 14 million units. But on the margin story, remember Apple is facing rocketing prizes for memory chips, Jeffree's analysts say they believe that Apple wants to boost volume at the expense of margin and TD Cowon describing the price increases for existing models as modest and looking at the pre-market, some modest gains for Apple shares as well, 1.3%. Now we're seeing a similar move as well for meta-platforms. Is there still some lingering

3:04positivity around that AI assistant they announced this week? Yeah, exactly that. MetaShare is also in the green this morning. JP Morgan has given a like to the Facebook and Instagram owner, upgrading from usual to overweight, citing upside potential after that AI assistant that you mentioned launched recently by Meta. In the note, the analysts say that meta is in the early stages of releasing frontier models and AI-driven products beyond advertising, notably the Muse AI agent and meta-model API access. JP Morgan has set a price target of 820 bucks, implying a hefty 25% increase from the last close. MetaShare is up 1.3% building on a great run, actually, up about 14% in September so far. The Stock Movers Report 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,

4:05listen to Bloomberg Radio Live, catch us on YouTube, Bloomberg.com, and on Apple CarPlay and Android Auto with the Bloomberg Business app. It's designed to help you move from a chaotic starting point to a reviewable first version. So all the source materials, briefs, and scattered information that you have to grind through to turn into something useful can just become something useful. Put chatchipt to work on your most ambitious ideas and projects. Get started at chatchipt.com by selecting Work Mode, available on plus and pro plans. You already know how AI is changing how everyday work gets done, how much ground you can cover,

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