WEBVTT - Closing Bell: Warner Bros Closes Higher on Competing Bids, Nvidia Gains, Netflix Down

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio News.

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<v Speaker 2>This is the closing bell on this stock movers report.

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<v Speaker 2>The company's making moves at the close of US trading

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<v Speaker 2>with Carol Masser, Tim Stenobek, Romain Bostick, and Scarlet Food.

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<v Speaker 3>Let's get to some of the individual gainers. No surprise,

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<v Speaker 3>a big story today in the media sector had to

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<v Speaker 3>do with the race to buy Warner Brothers Discovery, if

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<v Speaker 3>you will, Warner Brothers Discovery finishing off its highs at

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<v Speaker 3>its highs Intra day was up eight percent, but it

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<v Speaker 3>is the number one gainer in the NASDAQ one hundred,

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<v Speaker 3>number two gainer in the S and P five hundred,

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<v Speaker 3>finishing the day up about four and a half percent.

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<v Speaker 3>Here you know the story, Paramount Skydance launching a hostile

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<v Speaker 3>takeover bit for Warner Brothers Discovery thirty dollars a share

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<v Speaker 3>in cash, and that's just days after the company greed

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<v Speaker 3>to a deal with Netflix. The offer value Warner Brothers

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<v Speaker 3>at one hundred and eight point four billion including debt.

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<v Speaker 3>I mean the race is on, the bidding is on.

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<v Speaker 3>We'll see where this one lands. Paramouts guid Dance, that

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<v Speaker 3>was your number one gainer in the S and P

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<v Speaker 3>five hundred. That's stock up nine percent in today's session.

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<v Speaker 1>The differential between what Netflix is offering and what Paramount

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<v Speaker 1>is offering is phenomenal to me. And I'm trying to

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<v Speaker 1>think of the last time we saw a major merger

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<v Speaker 1>and acquisition deal where you had two bidders that far

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<v Speaker 1>apart in terms of what they were.

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<v Speaker 3>Offering and ain't done yet. So we'll continue to keep

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<v Speaker 3>an eye on that one, and Nvidia certainly some help

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<v Speaker 3>in terms of supporting the equity trade, that one finishing

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<v Speaker 3>off its highs of the day, but still with a

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<v Speaker 3>one point seven percent gain. We did see Semaphore coming

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<v Speaker 3>out siding a person with knowledge of this that and

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<v Speaker 3>Video will soon be allowed to export it's h two

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<v Speaker 3>hundred chips to China. US Commerce Secretary Howard Lutnix said

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<v Speaker 3>to support the plan again according to Semaphore, So some

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<v Speaker 3>outperformance in that name. And just one more chip name

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<v Speaker 3>I want to mention, Broadcom Avgo is the techer, is

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<v Speaker 3>the ticker, it's the number four gainer in the Nasdaq

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<v Speaker 3>one hundred. So some reporting on this. Broadcom was up

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<v Speaker 3>on a disputed report that Microsoft is in talks to

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<v Speaker 3>move it's custom chip. Business Information reported late Friday that

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<v Speaker 3>Microsoft is in discussions with Broadcom to design future custom chips,

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<v Speaker 3>which would be a move away from its alliance with Marvel.

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<v Speaker 4>Marvel Marvel, but a disputed report.

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<v Speaker 3>A disputed report anyway. But Broadcom shares up about two

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<v Speaker 3>point eight percent.

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<v Speaker 1>To let sure to point Outrocom expected to report earnings

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<v Speaker 1>it is.

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<v Speaker 3>Yeah, it's up about seventy three percent year to date

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<v Speaker 3>as well.

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<v Speaker 4>Yeah, all right, here are some of the losers. Netflix

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<v Speaker 4>obviously is down again today. This is a puzzler to me,

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<v Speaker 4>and I don't know if you guys have figured it out,

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<v Speaker 4>but when Netflix put in its official bid last week,

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<v Speaker 4>it was down, and in fact, it's been down every

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<v Speaker 4>day for four trading sessions in a row. When Paramount

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<v Speaker 4>comes out with a hostile offer, it's up.

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<v Speaker 5>Yeah.

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<v Speaker 4>So it's like, Paramount investors want them to spend over

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<v Speaker 4>one hundred billion dollars please, and Netflix bidders are like,

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<v Speaker 4>or investors are like, that's maybe too much.

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<v Speaker 5>We were actually just talking about this. We didn't land

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<v Speaker 5>on a conclusion, but Romane did point out that you

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<v Speaker 5>take a look at Paramount shares last week, just what

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<v Speaker 5>they were doing on Friday Thursday. They haven't exactly climbed

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<v Speaker 5>out of this hole. But I do also think it's curious,

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<v Speaker 5>Matt that you are seeing shares rise seven percent on

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<v Speaker 5>a hostile bid, but go figure.

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<v Speaker 4>So air Products is another one off today. Air Products

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<v Speaker 4>down after it said it's working with Yara International out

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<v Speaker 4>of Norway to establish a long term partnership on a

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<v Speaker 4>pair of ammonia PT projects in the US and Saudi Arabia.

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<v Speaker 4>Potentially a sale in the works there, and that's what

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<v Speaker 4>has investors selling the shares. Procter and Gamble shares not

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<v Speaker 4>a huge drop in P ANDNG, but a couple of

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<v Speaker 4>different analysts at Barkley's and at Deutsche Bank said that

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<v Speaker 4>they've met with executives at P and G recently and

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<v Speaker 4>they were encouraged to bring their estimates down. So that's

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<v Speaker 4>not great news. And then Marvel Technology those shares getting

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<v Speaker 4>decimated today after a benchmark company cut its recommendation to

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<v Speaker 4>a hold from a buy on expected lost business from Amazon. Also,

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<v Speaker 4>they're being pressured after the company was not included in

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<v Speaker 4>the newest additions to the S and P five hundred index.

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<v Speaker 4>And we love those rotation trades.

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<v Speaker 2>The stockmovers report from Bloomberg Radio. Check back with us

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