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 --> 00:00:17,800 Speaker 1: harnessing the power of Bloomberg Data. 4 00:00:17,960 --> 00:00:21,119 Speaker 2: I'm John Tucker along with Paul Sweeney. I'm filling in 5 00:00:21,160 --> 00:00:24,360 Speaker 2: today and Nora Melnda. You know, Norah, you're going to 6 00:00:24,400 --> 00:00:25,680 Speaker 2: take a look at some of the stocks out of 7 00:00:25,720 --> 00:00:29,040 Speaker 2: the hood right now. I paging you for a frosted 8 00:00:29,080 --> 00:00:30,040 Speaker 2: flakes kind of girl. 9 00:00:30,320 --> 00:00:33,159 Speaker 3: That's interesting. We beck when but I'd say it's a 10 00:00:33,159 --> 00:00:35,640 Speaker 3: little bit too sugary for me. Now, okay, can't do it, 11 00:00:35,680 --> 00:00:38,680 Speaker 3: can't do it. But we do have w K Kellogg, 12 00:00:38,760 --> 00:00:43,199 Speaker 3: which is take your KLG and they are buying Ferraro 13 00:00:43,800 --> 00:00:44,760 Speaker 3: and they're actually. 14 00:00:44,600 --> 00:00:45,680 Speaker 2: Aerrow's buying Killog. 15 00:00:46,000 --> 00:00:48,080 Speaker 3: Thank you for that. There you go, Ferrow's buying Kellogg. 16 00:00:48,120 --> 00:00:50,480 Speaker 3: My mistake there. So that's a really big dealer we're seeing. 17 00:00:50,520 --> 00:00:52,440 Speaker 3: And this is going to be for twenty three dollars 18 00:00:52,479 --> 00:00:55,319 Speaker 3: per share. We're seeing shares of Kellogg, though, Take your 19 00:00:55,360 --> 00:00:58,600 Speaker 3: KLG soaring as much as thirty one percent. This is 20 00:00:58,920 --> 00:01:01,480 Speaker 3: they're heading for their biggest single day gain ever. So 21 00:01:01,520 --> 00:01:04,880 Speaker 3: we're really seeing the market rallying behind this idea. The 22 00:01:04,880 --> 00:01:07,679 Speaker 3: deal is essentially expected to close in the second half 23 00:01:07,720 --> 00:01:10,440 Speaker 3: of this year. And then we have Lazard acting as 24 00:01:10,440 --> 00:01:14,080 Speaker 3: a lead financial advisor and Bank of America as the 25 00:01:14,120 --> 00:01:15,640 Speaker 3: co advisor to Ferraro here. 26 00:01:15,720 --> 00:01:16,440 Speaker 1: So nice. 27 00:01:16,760 --> 00:01:18,880 Speaker 2: Interesting to see some M and A like a Lazar 28 00:01:18,959 --> 00:01:21,560 Speaker 2: and pickup and a deal like this. Do you suppose they're. 29 00:01:21,480 --> 00:01:22,960 Speaker 1: On the sales side. You get paid more on the 30 00:01:23,000 --> 00:01:24,720 Speaker 1: sales side than you do on the buy side. 31 00:01:24,760 --> 00:01:29,440 Speaker 2: So three, so fine to say the investment bakers are 32 00:01:29,440 --> 00:01:30,480 Speaker 2: going to make a lot of money. 33 00:01:30,600 --> 00:01:32,600 Speaker 3: Oh yeah, having a good time here. 34 00:01:32,319 --> 00:01:34,000 Speaker 2: Paid na go is the function. 35 00:01:34,040 --> 00:01:36,039 Speaker 1: It's one of my favorite functions on the Bloomberg terminal 36 00:01:36,120 --> 00:01:38,280 Speaker 1: because it breaks down all the M and A trades 37 00:01:38,319 --> 00:01:41,200 Speaker 1: and who gets advised and who pays and all the value. 38 00:01:40,920 --> 00:01:41,800 Speaker 3: Money flying everywhere. 39 00:01:41,880 --> 00:01:45,440 Speaker 2: Yep, speaking of flying was a good one. 40 00:01:45,520 --> 00:01:47,119 Speaker 3: That was a good one. I liked it. I liked it. 41 00:01:47,480 --> 00:01:50,639 Speaker 3: We're seeing Delta shares tick your d al. They're rising 42 00:01:50,720 --> 00:01:53,320 Speaker 3: as well, up as much as thirteen percent. And this 43 00:01:53,440 --> 00:01:55,320 Speaker 3: is the most inter day since March. And this is 44 00:01:55,320 --> 00:01:58,400 Speaker 3: after the company issued an up the outlook. Essentially, the 45 00:01:58,400 --> 00:02:01,640 Speaker 3: CEO is saying that travelers are coming back. I don't 46 00:02:01,640 --> 00:02:03,000 Speaker 3: know if you guys fly Delta. I know you're a 47 00:02:03,120 --> 00:02:06,400 Speaker 3: United guy here, Paul, but they're saying that travelers are 48 00:02:06,400 --> 00:02:10,440 Speaker 3: coming back. Corporate travel is also strengthening, and consumers have 49 00:02:10,520 --> 00:02:13,560 Speaker 3: become a little numb to the ongoing trade disputes. So 50 00:02:14,080 --> 00:02:16,520 Speaker 3: it also did raise its profit outlook for the year. 51 00:02:16,639 --> 00:02:18,760 Speaker 3: So this is some great news out of the company, 52 00:02:18,800 --> 00:02:20,960 Speaker 3: and we do see the street also rallying behind this stock. 53 00:02:21,000 --> 00:02:24,560 Speaker 3: Here on one more socia company. 54 00:02:24,600 --> 00:02:26,240 Speaker 1: I've never heard of me either. 55 00:02:26,280 --> 00:02:29,040 Speaker 3: I had to do some research here. So MP Materials, 56 00:02:29,040 --> 00:02:33,800 Speaker 3: that's ticker MP. It is a rare earth minerals company, 57 00:02:33,880 --> 00:02:37,320 Speaker 3: and this is interesting because they actually have something in 58 00:02:37,400 --> 00:02:40,520 Speaker 3: Mountain Pass, which is essentially the only operational rare earth 59 00:02:40,560 --> 00:02:43,240 Speaker 3: mine in the United States right now. But this is 60 00:02:43,320 --> 00:02:46,440 Speaker 3: a really big deal because they secured a four hundred 61 00:02:46,919 --> 00:02:50,560 Speaker 3: million dollar equity investment from the US Department of Defense 62 00:02:50,840 --> 00:02:52,440 Speaker 3: and this is to build a new plant. This will 63 00:02:52,440 --> 00:02:55,040 Speaker 3: be with a one billion dollar financing commitment from both 64 00:02:55,120 --> 00:02:58,640 Speaker 3: JP Morgan and Goldman Sacks. But we're seeing shares soaring 65 00:02:58,680 --> 00:03:01,240 Speaker 3: like crazy right now. The stock up as much as 66 00:03:01,280 --> 00:03:04,440 Speaker 3: sixty percent. That's the highest entra day level since twenty 67 00:03:04,480 --> 00:03:07,640 Speaker 3: twenty two, and also much like Kellogg here it is 68 00:03:07,680 --> 00:03:10,200 Speaker 3: soaring for its biggest intraday game ever. 69 00:03:10,680 --> 00:03:15,000 Speaker 1: The Stockmovers podcast from Bloomberg Radio. 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