Speaker 1: Bloomberg Audio Studios, podcasts, radio news.
Speaker 2: The Stock Movers report, your roundup of companies making moves
Speaker 2: in the stock market, harnessing the power of Bloomberg Data.
Speaker 1: I'm Carol Masser along with Tim Stanevik. Let's get to
Speaker 1: you some moves in among specific stocks with us is
Speaker 1: Bloomberg crosss at Reporter M. L. Grafeyo.
Speaker 2: How are you.
Speaker 3: I'm good. I'm a little cold in here.
Speaker 2: I'm going to tell you something themed.
Speaker 4: I think the temperature is perfect.
Speaker 1: Yeah, I'm you know, I'm thinking about those things you
Speaker 1: put in when you're hiking and it's cold. I'm going
Speaker 1: to get them, and I think put hand lingers. Yeah,
Speaker 1: you hit them and they warm up.
Speaker 4: They degrees.
Speaker 3: I mean, I'm not wearing Jackie here.
Speaker 4: It's perfect, Carol, not too far away.
Speaker 1: My nose is called. All right, let's get to some
Speaker 1: stocks on them move the pursuit of Warner Brothers Discovery
Speaker 1: A Sex been moving around.
Speaker 3: Yeah, so that stock dropped almost three percent today, and
Speaker 3: then in the postmark it's down about five tenths of
Speaker 3: one percent. We're, of course talking about Warner Brothers, Tiker, WBD,
Speaker 3: so it's at about twenty eight dollars and seventy five
Speaker 3: cents a share. Now, remember the Netflix bid was twenty
Speaker 3: seven seventy five and Paramount's original bid their idea was
Speaker 3: thirty dollars a share, So it's bouncing around, but there's
Speaker 3: some key levels to take into consideration. But the latest
Speaker 3: on this media deal saga is Warner Brothers planning to
Speaker 3: reject Paramount's hostile takeover bid due to concerns about financing
Speaker 3: and other terms. This is a bloomberg scoop, according to
Speaker 3: people familiar with the matter. So the Warner Brothers board
Speaker 3: still views the company's existing agreement with Netflix as offering
Speaker 3: greater value. And one sticking point here is that Warner
Speaker 3: Brothers is concerned about the financing proposed by Paramount, which
Speaker 3: of course led by David Ellison. A lot of that
Speaker 3: equity that they're providing is backstop by a trust that's
Speaker 3: managed by the wealth of Larry Ellison, and because it's
Speaker 3: a revocable trust, the assets can be taken out. So
Speaker 3: the idea here, I guess it adds some uncertainty to this,
Speaker 3: and Warner Brothers is saying, why would we go with
Speaker 3: that if we have the money from Netflix? We also
Speaker 3: got another headline that has to do with Warner Brothers,
Speaker 3: just basically at the same time that the Paramount news
Speaker 3: came out, but also that Jared Kushner's Affinity Partners exiting
Speaker 3: from their takeover battle.
Speaker 1: Yeah, it's it's interesting. You need a whiteboard. But we're
Speaker 1: not done yet, right, so we'll keep an eye on
Speaker 1: this one. Well.
Speaker 4: And still even if Affinity Partners is out, Paramount's offer
Speaker 4: is being bankrolled by a list of influential media Middle
Speaker 4: Eastern investors, Sadi Abi's public Investment Fund, Guitar Investment Authority,
Speaker 4: the Abu Dhabi group called Lamot Lemot Holding Company, So
Speaker 4: there's still it's still a diverse group. I guess the
Speaker 4: question is does the group change if they if Paramount
Speaker 4: says okay, well, actually, really we really do want this. Yeah, well,
Speaker 4: sell some Oracle stock and pony up the deal.
Speaker 3: I don't know, should get in there, Tim tell them
Speaker 3: what to do. I'll also note that Netflix in the
Speaker 3: post market, it's up zero point six percent, so it's
Speaker 3: not a huge move, but we did see a little
Speaker 3: spikee on these headlines.
Speaker 1: Okay, let's go to a firm that one talk to
Speaker 1: us about what is on your radar with this one.
Speaker 3: Okay, so this is a buy now, pay later company.
Speaker 3: They had a industry event today. It's not doing much
Speaker 3: in the post market trade, but it was up about
Speaker 3: twelve percent in the regular trading session. The company's CFO
Speaker 3: said at an industry event, quarter to date trends were healthy.
Speaker 3: And this is according to an Evercore ISI unless that
Speaker 3: was at this event. I watch companies like this that
Speaker 3: do buy now, pay later because it's like, okay, like
Speaker 3: the company's doing well. But does that mean that maybe
Speaker 3: the consumer is more constrained because people are pushing off
Speaker 3: paying for whatever their food, their Christmas presents, agreed, they
Speaker 3: don't have that money in their wallet. Bloomberg Intelligence also
Speaker 3: had some research out today about affirm. They said that
Speaker 3: Apple's multi lender partnerships and adoption among millennials and gen
Speaker 3: Z can help buy now, pay later companies, including a firm.
Speaker 1: Okay, the same thing. We've had that conversation too, that
Speaker 1: if their business is off and running, what does it
Speaker 1: mean that consumers are just you know, doing buy now,
Speaker 1: pay later for more and more things. I feel like
Speaker 1: you go and buy anything online, there's always a buy now,
Speaker 1: pay late later option. Including if you go to sd latter.
Speaker 4: Oh, that's right, good segue.
Speaker 3: And maybe more people will be going to sdy Lauder
Speaker 3: now because Bank of America has raised their price target
Speaker 3: on the stock ticker EO. It was up over three
Speaker 3: percent today in the regular trading session. The company said
Speaker 3: it's its top pick in beauty for twenty twenty six,
Speaker 3: citing improved beauty demand in China and the US.
Speaker 1: Shina is a I mean, this stock is on a tear.
Speaker 1: It's had some issues, but China is a really important
Speaker 1: market for them, So that's that's kind of interesting to see.
Speaker 2: The stock movers report from Bloomberg Radio. Check back with
Speaker 2: us throughout the day for the latest roundup of companies
Speaker 2: making news on Wall Street and for the latest market
Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube,
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