WEBVTT - Warner Bros Higher; Estee Lauder Upgrade; Beyond Meat Plummets

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news, The Stock Movers Report,

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<v Speaker 1>your roundup of companies making moves in the stock market,

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<v Speaker 1>harnessing the power of Bloomberg Data.

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<v Speaker 2>Let's take a look at some of the stocks on

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<v Speaker 2>the move today. I'm Paul swinging alongside David Gerr and

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<v Speaker 2>we're joined by Bloomberg's Lisa Matteo. Lisa, what are you

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<v Speaker 2>looking at that? Mark?

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<v Speaker 3>I'm starting in your wheelhouse, Paul. Okay, we're going to

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<v Speaker 3>Warner Brothers taker WBD. Their shares have been up as

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<v Speaker 3>much as four percent. So the reason why Paramounts guidance

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<v Speaker 3>is David Ellison. He could be taking his offer to

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<v Speaker 3>buy Warner Brothers directly to shareholders. So this is like

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<v Speaker 3>the next step because sources are saying that they rejected

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<v Speaker 3>Paramounts initial offer for being too low is about twenty

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<v Speaker 3>dollars a share. So now Paramount has a few options. Right, One,

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<v Speaker 3>they could boost their bid. Two, they could add an

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<v Speaker 3>additional backing through a financial partner. In three, they could

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<v Speaker 3>go directly to shareholders. And that's what a lot of

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<v Speaker 3>sources are saying that they're probably gonna do. But the

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<v Speaker 3>question I have is I mean, is it one of

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<v Speaker 3>brothers still plenty to split into two businesses. So I

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<v Speaker 3>guess Ellison wants can jump on this before and then

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<v Speaker 3>a lot of.

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<v Speaker 2>Moving parts here. How about just the math here, Yeah,

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<v Speaker 2>Paramounts Guidance has got a total enterprise value of about

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<v Speaker 2>thirty two billion dollars. Warner Brothers Discovery's got mark enterprise

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<v Speaker 2>value almost eighty billion dollars. It's more than twice as big.

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<v Speaker 2>So you got to go out there if you're Paramount

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<v Speaker 2>and you got to get some I know mister Ellison's

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<v Speaker 2>got a lot of money, but he isn't that kind

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<v Speaker 2>of money.

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<v Speaker 4>Saw the Journal Journal reporting this morning, Apollo standing ready

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<v Speaker 4>to finance this deal.

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<v Speaker 2>Is and Poney up there, so it could happen.

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<v Speaker 3>But but they have to take on the debt loads.

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<v Speaker 2>Yes too, exactly right.

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<v Speaker 4>I don't thirty five billion.

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<v Speaker 3>Yeah, yep, that's a tough one. But I guess, yeah,

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<v Speaker 3>that Ellison family does have money.

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<v Speaker 4>They do exactly they did aspirations and money yeah things

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<v Speaker 4>ten other.

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<v Speaker 3>People who have money, access to the people have money. Okay,

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<v Speaker 3>A few of these these are like quick mentions. There's

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<v Speaker 3>not really a lot of meat to these stories. And

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<v Speaker 3>this next company really no meat. It's beyond meat. It's

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<v Speaker 3>ticker b y n D. Their share is really taking

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<v Speaker 3>a hit down as much as sixty six percent. It

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<v Speaker 3>announced an update for debt exchange offer, So basically it

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<v Speaker 3>said nearly all of its creditor creditors had accepted this

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<v Speaker 3>depth swat that would lead to substantial delution of shareholders

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<v Speaker 3>a debt swap. So based on the latest results, the

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<v Speaker 3>companies that it's expected to issue three hundred and sixteen

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<v Speaker 3>million new shares. But I mean, the meat alternative craze,

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<v Speaker 3>it's just been weakening and the company hasn't been doing well.

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<v Speaker 2>Yeah that was short, wasn't it.

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<v Speaker 4>I feel like it was Demi gray. Yeah, not in

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<v Speaker 4>my household.

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<v Speaker 2>Yeah, we never. I don't know. I'm just looking at

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<v Speaker 2>the balance sheet here. They have at one point three

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<v Speaker 2>billion dollars of debt on the balance sheet and no ebitdah.

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<v Speaker 2>So there's no cash the payback that the service that debt.

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<v Speaker 2>That's that's the problem.

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<v Speaker 4>Bleak outlook young.

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<v Speaker 1>Yeah.

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<v Speaker 3>I know a lot of people are saying because it's

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<v Speaker 3>it's still process and that whole talk about you know,

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<v Speaker 3>don't eat processed foods and all this, and that's kind

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<v Speaker 3>of like a something behind it. But yeah, most people

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<v Speaker 3>not going for that craze anymore. So I want to

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<v Speaker 3>go to beauty company s day Lauder. It's Sticker e

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<v Speaker 3>l Their shares have been up nearly five percent. This

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<v Speaker 3>is kind of an upgrade down grade story. This one

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<v Speaker 3>an upgrade from Goldman Sachs to buy from neutral. And

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<v Speaker 3>then finally we also have stub Hub at Sticker Stub

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<v Speaker 3>their shares up as much as four percent. They received

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<v Speaker 3>several bullish initial initiations after that I PO after its IPO. Yeah,

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<v Speaker 3>so analysts expected to for the Leverage's position. They're saying

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<v Speaker 3>as it enters that primary ticketing market. So yeah, shares

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<v Speaker 3>are higher and analysts are saying the company is going

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<v Speaker 3>to do a lot better. And then while we're here,

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<v Speaker 3>might as well Chip get back in with Disney because

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<v Speaker 3>their shares have been up too percent. And the big

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<v Speaker 3>news here is Taylor Swift. Yeah, she says she's gonna

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<v Speaker 3>have that new content Disney Plus in December six episodes

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<v Speaker 3>behind the scenes docuseries are Your Girls Into the Whole.

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<v Speaker 4>There is widespread interest in this new album. We did

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<v Speaker 4>have to listen to on a car trip a few

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<v Speaker 4>few days ago. But yeah, I mean like I feel

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<v Speaker 4>like she can't do anything wrong, even if even if

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<v Speaker 4>I don't think the album is great, what is it.

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<v Speaker 4>I don't know how many tens of millions of dollars

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<v Speaker 4>she sold so far?

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<v Speaker 3>Ye an the weekend movie? Did you go to the

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<v Speaker 3>weekend movie?

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<v Speaker 4>We did not?

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<v Speaker 1>We did not.

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<v Speaker 4>I was able to resist that, I'm happy to say.

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<v Speaker 4>But her power is awesome.

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<v Speaker 2>Do we have a wedding date?

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<v Speaker 3>No, no wedding date. No wedding date set for her.

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