1 00:00:02,520 --> 00:00:09,960 Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The Stock Movers Report, 2 00:00:10,280 --> 00:00:13,440 Speaker 1: your roundup of companies making moves in the stock market, 3 00:00:13,680 --> 00:00:15,880 Speaker 1: harnessing the power of Bloomberg Data. 4 00:00:16,880 --> 00:00:19,040 Speaker 2: Let's take a look at some of the stocks on 5 00:00:19,120 --> 00:00:21,680 Speaker 2: the move today. I'm Paul swinging alongside David Gerr and 6 00:00:21,680 --> 00:00:24,919 Speaker 2: we're joined by Bloomberg's Lisa Matteo. Lisa, what are you 7 00:00:24,920 --> 00:00:25,640 Speaker 2: looking at that? Mark? 8 00:00:25,800 --> 00:00:27,880 Speaker 3: I'm starting in your wheelhouse, Paul. Okay, we're going to 9 00:00:27,920 --> 00:00:31,360 Speaker 3: Warner Brothers taker WBD. Their shares have been up as 10 00:00:31,440 --> 00:00:34,280 Speaker 3: much as four percent. So the reason why Paramounts guidance 11 00:00:34,360 --> 00:00:36,320 Speaker 3: is David Ellison. He could be taking his offer to 12 00:00:36,360 --> 00:00:39,400 Speaker 3: buy Warner Brothers directly to shareholders. So this is like 13 00:00:39,479 --> 00:00:42,480 Speaker 3: the next step because sources are saying that they rejected 14 00:00:42,760 --> 00:00:45,160 Speaker 3: Paramounts initial offer for being too low is about twenty 15 00:00:45,200 --> 00:00:48,560 Speaker 3: dollars a share. So now Paramount has a few options. Right, One, 16 00:00:48,640 --> 00:00:50,960 Speaker 3: they could boost their bid. Two, they could add an 17 00:00:51,040 --> 00:00:54,320 Speaker 3: additional backing through a financial partner. In three, they could 18 00:00:54,400 --> 00:00:56,760 Speaker 3: go directly to shareholders. And that's what a lot of 19 00:00:56,800 --> 00:00:59,920 Speaker 3: sources are saying that they're probably gonna do. But the 20 00:01:00,160 --> 00:01:01,680 Speaker 3: question I have is I mean, is it one of 21 00:01:01,680 --> 00:01:04,360 Speaker 3: brothers still plenty to split into two businesses. So I 22 00:01:04,360 --> 00:01:07,000 Speaker 3: guess Ellison wants can jump on this before and then 23 00:01:07,240 --> 00:01:07,679 Speaker 3: a lot of. 24 00:01:07,600 --> 00:01:09,680 Speaker 2: Moving parts here. How about just the math here, Yeah, 25 00:01:09,800 --> 00:01:12,440 Speaker 2: Paramounts Guidance has got a total enterprise value of about 26 00:01:12,440 --> 00:01:17,279 Speaker 2: thirty two billion dollars. Warner Brothers Discovery's got mark enterprise 27 00:01:17,360 --> 00:01:20,960 Speaker 2: value almost eighty billion dollars. It's more than twice as big. 28 00:01:21,360 --> 00:01:23,720 Speaker 2: So you got to go out there if you're Paramount 29 00:01:23,720 --> 00:01:26,120 Speaker 2: and you got to get some I know mister Ellison's 30 00:01:26,120 --> 00:01:27,720 Speaker 2: got a lot of money, but he isn't that kind 31 00:01:27,720 --> 00:01:28,040 Speaker 2: of money. 32 00:01:28,280 --> 00:01:31,119 Speaker 4: Saw the Journal Journal reporting this morning, Apollo standing ready 33 00:01:31,160 --> 00:01:32,480 Speaker 4: to finance this deal. 34 00:01:32,360 --> 00:01:36,320 Speaker 2: Is and Poney up there, so it could happen. 35 00:01:36,360 --> 00:01:38,560 Speaker 3: But but they have to take on the debt loads. 36 00:01:38,720 --> 00:01:40,240 Speaker 2: Yes too, exactly right. 37 00:01:40,560 --> 00:01:42,400 Speaker 4: I don't thirty five billion. 38 00:01:42,600 --> 00:01:45,280 Speaker 3: Yeah, yep, that's a tough one. But I guess, yeah, 39 00:01:45,280 --> 00:01:47,080 Speaker 3: that Ellison family does have money. 40 00:01:47,120 --> 00:01:51,360 Speaker 4: They do exactly they did aspirations and money yeah things 41 00:01:51,440 --> 00:01:51,919 Speaker 4: ten other. 42 00:01:51,760 --> 00:01:54,840 Speaker 3: People who have money, access to the people have money. Okay, 43 00:01:54,880 --> 00:01:57,559 Speaker 3: A few of these these are like quick mentions. There's 44 00:01:57,600 --> 00:01:59,720 Speaker 3: not really a lot of meat to these stories. And 45 00:01:59,800 --> 00:02:02,920 Speaker 3: this next company really no meat. It's beyond meat. It's 46 00:02:02,960 --> 00:02:06,480 Speaker 3: ticker b y n D. Their share is really taking 47 00:02:06,520 --> 00:02:09,880 Speaker 3: a hit down as much as sixty six percent. It 48 00:02:09,960 --> 00:02:12,959 Speaker 3: announced an update for debt exchange offer, So basically it 49 00:02:13,080 --> 00:02:16,360 Speaker 3: said nearly all of its creditor creditors had accepted this 50 00:02:16,440 --> 00:02:19,639 Speaker 3: depth swat that would lead to substantial delution of shareholders 51 00:02:19,639 --> 00:02:23,120 Speaker 3: a debt swap. So based on the latest results, the 52 00:02:23,160 --> 00:02:25,880 Speaker 3: companies that it's expected to issue three hundred and sixteen 53 00:02:26,120 --> 00:02:29,720 Speaker 3: million new shares. But I mean, the meat alternative craze, 54 00:02:29,919 --> 00:02:32,600 Speaker 3: it's just been weakening and the company hasn't been doing well. 55 00:02:32,680 --> 00:02:34,000 Speaker 2: Yeah that was short, wasn't it. 56 00:02:34,120 --> 00:02:36,840 Speaker 4: I feel like it was Demi gray. Yeah, not in 57 00:02:36,840 --> 00:02:37,480 Speaker 4: my household. 58 00:02:38,400 --> 00:02:40,440 Speaker 2: Yeah, we never. I don't know. I'm just looking at 59 00:02:40,440 --> 00:02:42,880 Speaker 2: the balance sheet here. They have at one point three 60 00:02:42,919 --> 00:02:46,040 Speaker 2: billion dollars of debt on the balance sheet and no ebitdah. 61 00:02:46,160 --> 00:02:49,480 Speaker 2: So there's no cash the payback that the service that debt. 62 00:02:49,520 --> 00:02:50,800 Speaker 2: That's that's the problem. 63 00:02:50,840 --> 00:02:51,680 Speaker 4: Bleak outlook young. 64 00:02:51,880 --> 00:02:52,079 Speaker 1: Yeah. 65 00:02:52,120 --> 00:02:53,919 Speaker 3: I know a lot of people are saying because it's 66 00:02:54,080 --> 00:02:56,640 Speaker 3: it's still process and that whole talk about you know, 67 00:02:56,800 --> 00:02:59,280 Speaker 3: don't eat processed foods and all this, and that's kind 68 00:02:59,280 --> 00:03:03,000 Speaker 3: of like a something behind it. But yeah, most people 69 00:03:03,240 --> 00:03:05,960 Speaker 3: not going for that craze anymore. So I want to 70 00:03:05,960 --> 00:03:08,720 Speaker 3: go to beauty company s day Lauder. It's Sticker e 71 00:03:08,919 --> 00:03:11,760 Speaker 3: l Their shares have been up nearly five percent. This 72 00:03:11,800 --> 00:03:13,560 Speaker 3: is kind of an upgrade down grade story. This one 73 00:03:13,600 --> 00:03:18,160 Speaker 3: an upgrade from Goldman Sachs to buy from neutral. And 74 00:03:18,200 --> 00:03:21,560 Speaker 3: then finally we also have stub Hub at Sticker Stub 75 00:03:22,200 --> 00:03:25,480 Speaker 3: their shares up as much as four percent. They received 76 00:03:25,480 --> 00:03:29,839 Speaker 3: several bullish initial initiations after that I PO after its IPO. Yeah, 77 00:03:29,840 --> 00:03:32,720 Speaker 3: so analysts expected to for the Leverage's position. They're saying 78 00:03:32,720 --> 00:03:36,000 Speaker 3: as it enters that primary ticketing market. So yeah, shares 79 00:03:36,040 --> 00:03:38,560 Speaker 3: are higher and analysts are saying the company is going 80 00:03:38,640 --> 00:03:41,920 Speaker 3: to do a lot better. And then while we're here, 81 00:03:42,000 --> 00:03:44,680 Speaker 3: might as well Chip get back in with Disney because 82 00:03:44,720 --> 00:03:47,400 Speaker 3: their shares have been up too percent. And the big 83 00:03:47,440 --> 00:03:50,080 Speaker 3: news here is Taylor Swift. Yeah, she says she's gonna 84 00:03:50,120 --> 00:03:53,920 Speaker 3: have that new content Disney Plus in December six episodes 85 00:03:54,040 --> 00:03:57,680 Speaker 3: behind the scenes docuseries are Your Girls Into the Whole. 86 00:03:58,040 --> 00:04:00,520 Speaker 4: There is widespread interest in this new album. We did 87 00:04:00,560 --> 00:04:02,480 Speaker 4: have to listen to on a car trip a few 88 00:04:02,640 --> 00:04:04,760 Speaker 4: few days ago. But yeah, I mean like I feel 89 00:04:04,760 --> 00:04:06,840 Speaker 4: like she can't do anything wrong, even if even if 90 00:04:06,880 --> 00:04:09,120 Speaker 4: I don't think the album is great, what is it. 91 00:04:09,280 --> 00:04:10,760 Speaker 4: I don't know how many tens of millions of dollars 92 00:04:10,840 --> 00:04:11,480 Speaker 4: she sold so far? 93 00:04:11,640 --> 00:04:13,560 Speaker 3: Ye an the weekend movie? Did you go to the 94 00:04:13,560 --> 00:04:14,120 Speaker 3: weekend movie? 95 00:04:14,120 --> 00:04:14,480 Speaker 4: We did not? 96 00:04:14,640 --> 00:04:15,000 Speaker 1: We did not. 97 00:04:15,080 --> 00:04:17,120 Speaker 4: I was able to resist that, I'm happy to say. 98 00:04:17,320 --> 00:04:19,720 Speaker 4: But her power is awesome. 99 00:04:21,000 --> 00:04:22,039 Speaker 2: Do we have a wedding date? 100 00:04:22,600 --> 00:04:24,640 Speaker 3: No, no wedding date. No wedding date set for her. 101 00:04:25,760 --> 00:04:33,159 Speaker 1: Season season the stock Mover's Report from Bloomberg Radio. Check 102 00:04:33,240 --> 00:04:35,560 Speaker 1: back with us throughout the day for the latest roundup 103 00:04:35,600 --> 00:04:38,560 Speaker 1: of companies making news on Wall Street and for the 104 00:04:38,640 --> 00:04:43,040 Speaker 1: latest market moving headlines. Listen to Bloomberg Radio Live, Catch 105 00:04:43,120 --> 00:04:46,600 Speaker 1: us on YouTube, Bloomberg dot com, and on applecarplay and 106 00:04:46,600 --> 00:04:49,039 Speaker 1: Android Auto with the Bloomberg Business app.