1 00:00:02,480 --> 00:00:06,960 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. 2 00:00:08,520 --> 00:00:12,400 Speaker 2: The Stock Movers report, your roundup of companies making moves 3 00:00:12,440 --> 00:00:16,520 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,920 --> 00:00:19,079 Speaker 1: I'm Carol Masser along with Tim Stanevik. Let's get to 5 00:00:19,079 --> 00:00:23,119 Speaker 1: you some moves in among specific stocks with us is 6 00:00:23,120 --> 00:00:25,000 Speaker 1: Bloomberg crosss at Reporter M. L. Grafeyo. 7 00:00:25,120 --> 00:00:25,639 Speaker 2: How are you. 8 00:00:25,920 --> 00:00:27,840 Speaker 3: I'm good. I'm a little cold in here. 9 00:00:29,440 --> 00:00:30,840 Speaker 2: I'm going to tell you something themed. 10 00:00:31,320 --> 00:00:33,360 Speaker 4: I think the temperature is perfect. 11 00:00:33,800 --> 00:00:36,280 Speaker 1: Yeah, I'm you know, I'm thinking about those things you 12 00:00:36,320 --> 00:00:38,120 Speaker 1: put in when you're hiking and it's cold. I'm going 13 00:00:38,200 --> 00:00:40,880 Speaker 1: to get them, and I think put hand lingers. Yeah, 14 00:00:40,400 --> 00:00:43,440 Speaker 1: you hit them and they warm up. 15 00:00:43,000 --> 00:00:44,320 Speaker 4: They degrees. 16 00:00:44,960 --> 00:00:47,120 Speaker 3: I mean, I'm not wearing Jackie here. 17 00:00:47,159 --> 00:00:49,880 Speaker 4: It's perfect, Carol, not too far away. 18 00:00:50,400 --> 00:00:52,120 Speaker 1: My nose is called. All right, let's get to some 19 00:00:52,120 --> 00:00:54,520 Speaker 1: stocks on them move the pursuit of Warner Brothers Discovery 20 00:00:55,240 --> 00:00:56,320 Speaker 1: A Sex been moving around. 21 00:00:56,400 --> 00:00:59,280 Speaker 3: Yeah, so that stock dropped almost three percent today, and 22 00:00:59,280 --> 00:01:02,560 Speaker 3: then in the postmark it's down about five tenths of 23 00:01:02,600 --> 00:01:07,200 Speaker 3: one percent. We're, of course talking about Warner Brothers, Tiker, WBD, 24 00:01:08,000 --> 00:01:11,800 Speaker 3: so it's at about twenty eight dollars and seventy five 25 00:01:11,880 --> 00:01:15,520 Speaker 3: cents a share. Now, remember the Netflix bid was twenty 26 00:01:15,680 --> 00:01:22,959 Speaker 3: seven seventy five and Paramount's original bid their idea was 27 00:01:23,160 --> 00:01:25,600 Speaker 3: thirty dollars a share, So it's bouncing around, but there's 28 00:01:25,840 --> 00:01:28,840 Speaker 3: some key levels to take into consideration. But the latest 29 00:01:28,959 --> 00:01:32,720 Speaker 3: on this media deal saga is Warner Brothers planning to 30 00:01:32,800 --> 00:01:37,600 Speaker 3: reject Paramount's hostile takeover bid due to concerns about financing 31 00:01:37,680 --> 00:01:40,440 Speaker 3: and other terms. This is a bloomberg scoop, according to 32 00:01:40,480 --> 00:01:43,760 Speaker 3: people familiar with the matter. So the Warner Brothers board 33 00:01:43,840 --> 00:01:47,560 Speaker 3: still views the company's existing agreement with Netflix as offering 34 00:01:47,720 --> 00:01:51,040 Speaker 3: greater value. And one sticking point here is that Warner 35 00:01:51,040 --> 00:01:54,080 Speaker 3: Brothers is concerned about the financing proposed by Paramount, which 36 00:01:54,120 --> 00:01:57,560 Speaker 3: of course led by David Ellison. A lot of that 37 00:01:57,720 --> 00:02:01,080 Speaker 3: equity that they're providing is backstop by a trust that's 38 00:02:01,120 --> 00:02:04,680 Speaker 3: managed by the wealth of Larry Ellison, and because it's 39 00:02:04,680 --> 00:02:06,840 Speaker 3: a revocable trust, the assets can be taken out. So 40 00:02:07,440 --> 00:02:10,320 Speaker 3: the idea here, I guess it adds some uncertainty to this, 41 00:02:10,440 --> 00:02:12,600 Speaker 3: and Warner Brothers is saying, why would we go with 42 00:02:12,639 --> 00:02:16,840 Speaker 3: that if we have the money from Netflix? We also 43 00:02:16,880 --> 00:02:19,440 Speaker 3: got another headline that has to do with Warner Brothers, 44 00:02:19,480 --> 00:02:21,760 Speaker 3: just basically at the same time that the Paramount news 45 00:02:21,760 --> 00:02:25,120 Speaker 3: came out, but also that Jared Kushner's Affinity Partners exiting 46 00:02:25,560 --> 00:02:26,760 Speaker 3: from their takeover battle. 47 00:02:26,840 --> 00:02:29,040 Speaker 1: Yeah, it's it's interesting. You need a whiteboard. But we're 48 00:02:29,080 --> 00:02:31,280 Speaker 1: not done yet, right, so we'll keep an eye on 49 00:02:31,320 --> 00:02:31,760 Speaker 1: this one. Well. 50 00:02:31,760 --> 00:02:34,640 Speaker 4: And still even if Affinity Partners is out, Paramount's offer 51 00:02:34,720 --> 00:02:38,320 Speaker 4: is being bankrolled by a list of influential media Middle 52 00:02:38,360 --> 00:02:42,000 Speaker 4: Eastern investors, Sadi Abi's public Investment Fund, Guitar Investment Authority, 53 00:02:42,480 --> 00:02:48,480 Speaker 4: the Abu Dhabi group called Lamot Lemot Holding Company, So 54 00:02:49,480 --> 00:02:51,920 Speaker 4: there's still it's still a diverse group. I guess the 55 00:02:52,000 --> 00:02:56,280 Speaker 4: question is does the group change if they if Paramount 56 00:02:56,280 --> 00:02:59,880 Speaker 4: says okay, well, actually, really we really do want this. Yeah, well, 57 00:03:00,320 --> 00:03:03,040 Speaker 4: sell some Oracle stock and pony up the deal. 58 00:03:03,160 --> 00:03:05,320 Speaker 3: I don't know, should get in there, Tim tell them 59 00:03:05,320 --> 00:03:08,120 Speaker 3: what to do. I'll also note that Netflix in the 60 00:03:08,120 --> 00:03:11,760 Speaker 3: post market, it's up zero point six percent, so it's 61 00:03:11,800 --> 00:03:13,239 Speaker 3: not a huge move, but we did see a little 62 00:03:13,240 --> 00:03:14,280 Speaker 3: spikee on these headlines. 63 00:03:14,360 --> 00:03:18,440 Speaker 1: Okay, let's go to a firm that one talk to 64 00:03:18,520 --> 00:03:20,359 Speaker 1: us about what is on your radar with this one. 65 00:03:20,400 --> 00:03:22,520 Speaker 3: Okay, so this is a buy now, pay later company. 66 00:03:22,639 --> 00:03:27,240 Speaker 3: They had a industry event today. It's not doing much 67 00:03:27,360 --> 00:03:31,240 Speaker 3: in the post market trade, but it was up about 68 00:03:31,280 --> 00:03:34,400 Speaker 3: twelve percent in the regular trading session. The company's CFO 69 00:03:34,480 --> 00:03:37,880 Speaker 3: said at an industry event, quarter to date trends were healthy. 70 00:03:38,440 --> 00:03:41,600 Speaker 3: And this is according to an Evercore ISI unless that 71 00:03:41,760 --> 00:03:45,560 Speaker 3: was at this event. I watch companies like this that 72 00:03:45,640 --> 00:03:48,800 Speaker 3: do buy now, pay later because it's like, okay, like 73 00:03:48,880 --> 00:03:51,680 Speaker 3: the company's doing well. But does that mean that maybe 74 00:03:51,680 --> 00:03:54,960 Speaker 3: the consumer is more constrained because people are pushing off 75 00:03:55,480 --> 00:04:00,320 Speaker 3: paying for whatever their food, their Christmas presents, agreed, they 76 00:04:00,360 --> 00:04:05,360 Speaker 3: don't have that money in their wallet. Bloomberg Intelligence also 77 00:04:05,360 --> 00:04:07,880 Speaker 3: had some research out today about affirm. They said that 78 00:04:07,960 --> 00:04:12,520 Speaker 3: Apple's multi lender partnerships and adoption among millennials and gen 79 00:04:12,640 --> 00:04:17,040 Speaker 3: Z can help buy now, pay later companies, including a firm. 80 00:04:17,360 --> 00:04:20,880 Speaker 1: Okay, the same thing. We've had that conversation too, that 81 00:04:21,000 --> 00:04:23,440 Speaker 1: if their business is off and running, what does it 82 00:04:23,480 --> 00:04:26,279 Speaker 1: mean that consumers are just you know, doing buy now, 83 00:04:26,360 --> 00:04:28,880 Speaker 1: pay later for more and more things. I feel like 84 00:04:28,960 --> 00:04:31,680 Speaker 1: you go and buy anything online, there's always a buy now, 85 00:04:31,720 --> 00:04:36,360 Speaker 1: pay late later option. Including if you go to sd latter. 86 00:04:36,480 --> 00:04:38,800 Speaker 4: Oh, that's right, good segue. 87 00:04:38,520 --> 00:04:41,279 Speaker 3: And maybe more people will be going to sdy Lauder 88 00:04:41,640 --> 00:04:45,280 Speaker 3: now because Bank of America has raised their price target 89 00:04:45,440 --> 00:04:48,479 Speaker 3: on the stock ticker EO. It was up over three 90 00:04:48,560 --> 00:04:51,960 Speaker 3: percent today in the regular trading session. The company said 91 00:04:51,960 --> 00:04:54,880 Speaker 3: it's its top pick in beauty for twenty twenty six, 92 00:04:55,560 --> 00:05:00,159 Speaker 3: citing improved beauty demand in China and the US. 93 00:05:00,600 --> 00:05:02,760 Speaker 1: Shina is a I mean, this stock is on a tear. 94 00:05:02,839 --> 00:05:05,440 Speaker 1: It's had some issues, but China is a really important 95 00:05:05,440 --> 00:05:10,960 Speaker 1: market for them, So that's that's kind of interesting to see. 96 00:05:10,520 --> 00:05:14,560 Speaker 2: The stock movers report from Bloomberg Radio. Check back with 97 00:05:14,640 --> 00:05:17,200 Speaker 2: us throughout the day for the latest roundup of companies 98 00:05:17,279 --> 00:05:20,360 Speaker 2: making news on Wall Street and for the latest market 99 00:05:20,400 --> 00:05:24,880 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 100 00:05:24,960 --> 00:05:28,440 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 101 00:05:28,520 --> 00:05:30,000 Speaker 2: the Bloomberg Business app.