1 00:00:02,520 --> 00:00:10,440 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. The Stock Movers podcast, 2 00:00:10,800 --> 00:00:14,040 Speaker 1: your roundup of companies making moves in the stock market, 3 00:00:14,240 --> 00:00:16,480 Speaker 1: harnessing the power of Bloomberg Data. 4 00:00:18,040 --> 00:00:21,959 Speaker 2: Stock Movers is a podcast John Tucker and for Lisa Matteo. 5 00:00:22,800 --> 00:00:27,760 Speaker 2: And I didn't know this company. Performance Food Group, Richmond, Virginia. Third, 6 00:00:27,840 --> 00:00:31,800 Speaker 2: Good Morning, Scott McPherson in all and I guess they 7 00:00:31,920 --> 00:00:34,720 Speaker 2: just create food. They're in the news. 8 00:00:35,280 --> 00:00:37,760 Speaker 3: If you drive to work in the middle of the night, 9 00:00:38,080 --> 00:00:41,200 Speaker 3: you'll know these companies because you see their trucks making. 10 00:00:41,040 --> 00:00:43,320 Speaker 4: All over the place, all over the place. 11 00:00:43,159 --> 00:00:47,440 Speaker 3: Making deliveries, blocking the roads that I have to go around. 12 00:00:47,479 --> 00:00:47,960 Speaker 4: Be nice. 13 00:00:48,320 --> 00:00:51,839 Speaker 3: Performance Food Group attracting takeover interest from a US Foods 14 00:00:51,840 --> 00:00:54,880 Speaker 3: holding corporation. This is a deal, I mean if it 15 00:00:55,040 --> 00:00:58,960 Speaker 3: came together, a food distribution company with a combined sales 16 00:00:58,960 --> 00:01:01,920 Speaker 3: of roughly one hundred billion dollars. This according to our sources, 17 00:01:03,000 --> 00:01:06,199 Speaker 3: US Foods is based in Rosemont, Illinois. They've been evaluating 18 00:01:06,200 --> 00:01:09,680 Speaker 3: an acquisition of Performance Food. They expressed the interest about 19 00:01:09,680 --> 00:01:12,959 Speaker 3: a potential combination in recent months. By the way, shares 20 00:01:12,959 --> 00:01:15,280 Speaker 3: of US Foods have risen more than fifty percent over 21 00:01:15,360 --> 00:01:16,640 Speaker 3: the past twelve months. 22 00:01:16,360 --> 00:01:18,600 Speaker 4: They're moving to food around and trucks. You're dead on 23 00:01:18,720 --> 00:01:22,520 Speaker 4: John and the ebadad down. The income statement, are you ready? 24 00:01:23,000 --> 00:01:26,280 Speaker 4: Is three cents on the dollar. It's like worse than Walmart. 25 00:01:26,280 --> 00:01:28,240 Speaker 4: It's tensween's profit margins. 26 00:01:28,360 --> 00:01:31,240 Speaker 3: Well, you know there's some there. Any deal, of course, 27 00:01:31,240 --> 00:01:36,440 Speaker 3: will face regulatory scrutiny. Was Cisco back in twenty fifteen 28 00:01:36,480 --> 00:01:39,040 Speaker 3: they tried to take over US Foods but they was 29 00:01:39,120 --> 00:01:41,200 Speaker 3: blocked by a judge Bloomberg. 30 00:01:41,280 --> 00:01:43,200 Speaker 4: Way, you have to say. 31 00:01:42,959 --> 00:01:46,080 Speaker 3: Cisco, s y, I said with an S. Didn't I 32 00:01:46,240 --> 00:01:46,440 Speaker 3: have it? 33 00:01:46,560 --> 00:01:47,440 Speaker 4: Not with Cisco? 34 00:01:47,680 --> 00:01:51,360 Speaker 2: Cis the rapper cistocksco kid? 35 00:01:51,600 --> 00:01:54,160 Speaker 4: What does Lucy get back? Let's go to the next stop. 36 00:01:54,680 --> 00:01:57,360 Speaker 3: All right, did you see this performance in front of 37 00:01:57,400 --> 00:02:00,480 Speaker 3: the Pentagon yesterday? It was on Fox News? Where else 38 00:02:00,880 --> 00:02:04,080 Speaker 3: Pete Hegsith, formerly a Fox now standing out. They are 39 00:02:04,120 --> 00:02:07,080 Speaker 3: doing like a presentation. All these drones are flying over 40 00:02:07,160 --> 00:02:09,240 Speaker 3: him and one of the drones comes down with a 41 00:02:09,240 --> 00:02:12,480 Speaker 3: piece of paper and he takes it. Anyway, he's going 42 00:02:12,560 --> 00:02:15,880 Speaker 3: to try to ramp up production and deployment of drones. 43 00:02:16,040 --> 00:02:18,080 Speaker 3: A lot of spending on drones by the Pentagon, at 44 00:02:18,120 --> 00:02:21,080 Speaker 3: least that's the proposal. Anyway, so as a result of 45 00:02:21,120 --> 00:02:25,360 Speaker 3: the shares of drone makers, they got to pop after 46 00:02:25,400 --> 00:02:26,720 Speaker 3: this appearance on Fox. 47 00:02:26,800 --> 00:02:29,600 Speaker 4: It's a huge deal taking away the red tape. If 48 00:02:29,639 --> 00:02:31,560 Speaker 4: you take this, if you've done a big take. 49 00:02:31,760 --> 00:02:34,680 Speaker 3: We have done not on this. I mean, I know 50 00:02:34,680 --> 00:02:38,880 Speaker 3: that Peter Thiel is a big drone investor. I don't 51 00:02:38,880 --> 00:02:41,000 Speaker 3: know if any of the companies in which he invests 52 00:02:41,240 --> 00:02:44,200 Speaker 3: are public, but he's totally on board with his in 53 00:02:44,280 --> 00:02:45,560 Speaker 3: terms of defense. 54 00:02:45,680 --> 00:02:47,600 Speaker 2: I mean, I get the WoT he's in a serious 55 00:02:47,639 --> 00:02:50,600 Speaker 2: boat accident this year. But to be direct about it, 56 00:02:50,639 --> 00:02:53,160 Speaker 2: can I get a drone to get from the Great 57 00:02:53,440 --> 00:02:57,640 Speaker 2: k and D Wine and Spirits on Madison Avenue and 58 00:02:57,720 --> 00:02:59,640 Speaker 2: bring that poppy over the house up. 59 00:02:59,520 --> 00:03:02,800 Speaker 3: To your pen has deck. Maybe it might be interested 60 00:03:02,800 --> 00:03:03,280 Speaker 3: in there. 61 00:03:03,639 --> 00:03:05,360 Speaker 4: I think we can get interception. 62 00:03:09,280 --> 00:03:11,079 Speaker 3: There's this trunk hostage. 63 00:03:13,360 --> 00:03:14,240 Speaker 4: Twelve day jobs. 64 00:03:15,840 --> 00:03:19,120 Speaker 3: Let me Warner Brothers Discovery. Of course they own a 65 00:03:19,280 --> 00:03:22,640 Speaker 3: studio and uh they are trying to save the studio. 66 00:03:22,720 --> 00:03:26,720 Speaker 3: This looks like a job for Superman. This from the 67 00:03:26,760 --> 00:03:29,760 Speaker 3: Journal's version. It's a bird, It's a plane better be 68 00:03:29,800 --> 00:03:33,040 Speaker 3: a hit movie for the past quarter century. One Warner 69 00:03:33,080 --> 00:03:36,560 Speaker 3: Brothers executive after another has promised they finally make the 70 00:03:36,640 --> 00:03:41,320 Speaker 3: DC Comics brand Soar a part of their studio. So far, 71 00:03:41,600 --> 00:03:45,600 Speaker 3: none has succeeded. Each of the strategies became mired in 72 00:03:46,000 --> 00:03:50,160 Speaker 3: corporate politics a lot of egos. That's a shocker. Warner 73 00:03:50,160 --> 00:03:53,560 Speaker 3: Brothers is now trying to start over again. Superman reboot 74 00:03:53,720 --> 00:03:56,960 Speaker 3: opening this week marks the unveiling of a plan that 75 00:03:57,040 --> 00:04:00,880 Speaker 3: executives and fans agree is these studios last best hope 76 00:04:01,240 --> 00:04:03,640 Speaker 3: to revitalize DC Comics. 77 00:04:04,520 --> 00:04:08,880 Speaker 1: The Stockmovers podcast from Bloomberg Radio. Check back with us 78 00:04:08,920 --> 00:04:11,840 Speaker 1: throughout the day for the latest roundup of companies making 79 00:04:11,920 --> 00:04:15,480 Speaker 1: news on Wall Street and for the latest market moving headlines. 80 00:04:15,640 --> 00:04:19,560 Speaker 1: Listen to Bloomberg Radio Live. 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