1 00:00:02,520 --> 00:00:08,720 Speaker 1: Bloomberg Audio Studios, podcasts, radio News, The. 2 00:00:08,720 --> 00:00:12,560 Speaker 2: Stock Movers Report, your roundup of companies making moves in 3 00:00:12,600 --> 00:00:15,880 Speaker 2: the stock market. Harnessing the power of Bloomberg Data. 4 00:00:17,040 --> 00:00:17,599 Speaker 1: We want to take a. 5 00:00:17,600 --> 00:00:19,440 Speaker 3: Look at some of the stocks on the move today. 6 00:00:19,560 --> 00:00:22,960 Speaker 3: Lisamttae alongside Isabelle Lee, and we are joined by Bloomberg's 7 00:00:23,000 --> 00:00:26,320 Speaker 3: Red Brown Read. Let's start with Charter Communications. 8 00:00:26,440 --> 00:00:30,159 Speaker 4: Yes, Charter Communications is actually the worst performing stock in 9 00:00:30,360 --> 00:00:32,199 Speaker 4: S and P five hundred at the moment, shares fell 10 00:00:32,240 --> 00:00:35,160 Speaker 4: as much as eighteen and a half percent, and that's 11 00:00:35,200 --> 00:00:37,680 Speaker 4: the worst one day or in your day performance since 12 00:00:37,800 --> 00:00:40,080 Speaker 4: at least December of two thousand and nine. 13 00:00:40,720 --> 00:00:42,199 Speaker 1: And that move is coming off. 14 00:00:42,000 --> 00:00:46,120 Speaker 4: Of the company reporting it lost more Internet subscribers and 15 00:00:46,159 --> 00:00:49,120 Speaker 4: they head than they chuxted and also have been expecting 16 00:00:49,120 --> 00:00:51,360 Speaker 4: this quarter. And that's really coming down to the fact 17 00:00:51,360 --> 00:00:53,760 Speaker 4: that it's just facing really stiff competition from the big 18 00:00:53,760 --> 00:00:57,600 Speaker 4: three telecommunication companies. They've been quite successful in their bundling, 19 00:00:57,680 --> 00:00:59,640 Speaker 4: so now you don't get wireless with you get wireless 20 00:00:59,680 --> 00:01:02,760 Speaker 4: with your phone service as well. So Charter is struggling 21 00:01:02,800 --> 00:01:06,000 Speaker 4: to kind of continue to attract when all of these 22 00:01:06,000 --> 00:01:08,280 Speaker 4: other companies are kind of moving in on their territory. 23 00:01:08,959 --> 00:01:11,880 Speaker 4: But now there is maybe some hope looking forward, but 24 00:01:11,880 --> 00:01:14,039 Speaker 4: obviously not by the move today, but there is some 25 00:01:14,080 --> 00:01:15,560 Speaker 4: hope with some of these deals of the company has 26 00:01:15,560 --> 00:01:19,479 Speaker 4: been striking with Peacock, Hulu adding ESPN Fox streaming as well, 27 00:01:19,920 --> 00:01:21,440 Speaker 4: that they might start to be able to kind of 28 00:01:21,440 --> 00:01:24,759 Speaker 4: turn the tide. But for the time being, investors kind 29 00:01:24,760 --> 00:01:27,520 Speaker 4: of fleeing Charter at the moment moment. 30 00:01:28,640 --> 00:01:31,400 Speaker 3: What's going on in s D latter that's a favorite 31 00:01:31,400 --> 00:01:32,640 Speaker 3: of many of my friends. 32 00:01:32,800 --> 00:01:39,280 Speaker 1: Is that right? Are mine too? No es day latter? 33 00:01:39,520 --> 00:01:39,600 Speaker 4: Is? 34 00:01:39,680 --> 00:01:42,360 Speaker 1: It popped on my radar for a couple of reasons. 35 00:01:42,360 --> 00:01:45,920 Speaker 4: One was the stock jumped around four percent today after 36 00:01:46,040 --> 00:01:51,680 Speaker 4: JP Morgan analyst Andrea to Schera upgraded that stock, and 37 00:01:51,720 --> 00:01:55,520 Speaker 4: that kind of surprised me. Took me by surprise this morning, 38 00:01:55,560 --> 00:01:57,520 Speaker 4: just because of my kind of understanding. Maybe you guys 39 00:01:57,520 --> 00:01:59,320 Speaker 4: don't know better than me. Is just the cosmetics have 40 00:01:59,400 --> 00:02:03,200 Speaker 4: been struggling, especially abroad. I know China and Europe have 41 00:02:03,240 --> 00:02:07,720 Speaker 4: seen pretty significant cutbacks on spending there, but it does 42 00:02:07,760 --> 00:02:09,960 Speaker 4: seem like and at least, you know, reading some of 43 00:02:09,960 --> 00:02:12,200 Speaker 4: the analyst reports this morning, that there looks like there 44 00:02:12,200 --> 00:02:15,280 Speaker 4: could be time for a turnaround here still. Right now, 45 00:02:15,320 --> 00:02:18,240 Speaker 4: consensus is calling for a twelve percent decline in sales 46 00:02:18,280 --> 00:02:21,600 Speaker 4: for this quarter. That's coming twenty percent drop in Europe 47 00:02:22,080 --> 00:02:24,200 Speaker 4: as well. But it does seem like as we look 48 00:02:24,200 --> 00:02:28,320 Speaker 4: ahead in consensus expectations that the company will start to 49 00:02:28,320 --> 00:02:31,400 Speaker 4: turn around and could start putting up positive numbers by 50 00:02:31,440 --> 00:02:32,320 Speaker 4: the end of this year. 51 00:02:32,600 --> 00:02:35,800 Speaker 1: So yeah, definitely something to keep an eye on right now. 52 00:02:35,919 --> 00:02:37,600 Speaker 3: If I'm keeping an eye on my daughter's draw, it 53 00:02:37,680 --> 00:02:38,919 Speaker 3: is full of cosmetics. 54 00:02:39,000 --> 00:02:41,760 Speaker 1: You guys over there, maybe not at Stay Loader, but 55 00:02:41,880 --> 00:02:44,040 Speaker 1: you guys are responsible for the turnaround, so keep it up. 56 00:02:44,000 --> 00:02:47,519 Speaker 3: Actually, Okay, So Paramount they got some good news from. 57 00:02:47,360 --> 00:02:48,760 Speaker 1: The FCC, Yes they did. 58 00:02:48,760 --> 00:02:52,000 Speaker 4: I hopefully we can finally put this saga behind us, 59 00:02:53,120 --> 00:02:54,880 Speaker 4: one less thing for us all to be looking at. 60 00:02:54,880 --> 00:02:59,040 Speaker 4: But yes, just checking in on shares for Paramount that 61 00:02:59,080 --> 00:03:01,560 Speaker 4: they are trading for flat right now. After the FCC 62 00:03:01,680 --> 00:03:05,320 Speaker 4: did approve its merger with sky Dance, they have surged 63 00:03:05,360 --> 00:03:07,359 Speaker 4: twenty six percent this year, So maybe that was this 64 00:03:07,520 --> 00:03:10,960 Speaker 4: kind of well telegraphed that this was going to go through. 65 00:03:11,480 --> 00:03:13,800 Speaker 4: It seems like there has been kind of positive developments 66 00:03:14,760 --> 00:03:17,920 Speaker 4: throughout the last few months, and I think the thing 67 00:03:17,919 --> 00:03:19,600 Speaker 4: that kind of finally got this over the line was 68 00:03:19,639 --> 00:03:22,160 Speaker 4: the company made some concessions to the Trump administration. They 69 00:03:22,200 --> 00:03:26,000 Speaker 4: agreed to end their diversity equity inclusion practices, kind of 70 00:03:26,400 --> 00:03:28,960 Speaker 4: in line with a lot of the Trump administrations pushed 71 00:03:29,040 --> 00:03:32,840 Speaker 4: and these these programs in corporate America and higher education 72 00:03:33,440 --> 00:03:36,320 Speaker 4: across kind of the world, I mean the country here, 73 00:03:37,040 --> 00:03:40,480 Speaker 4: so so. And then it also came with some efforts 74 00:03:40,480 --> 00:03:42,640 Speaker 4: by the company, or at least promises by the company, 75 00:03:42,640 --> 00:03:46,880 Speaker 4: to improve its political leading of some of its news coverage. 76 00:03:46,960 --> 00:03:51,200 Speaker 4: So there has been claims of bias towards the political left. 77 00:03:51,840 --> 00:03:53,600 Speaker 4: The company's now making an effort to feel the editorial 78 00:03:53,640 --> 00:03:55,520 Speaker 4: teams outside of New York and Los Angeles to I 79 00:03:55,560 --> 00:03:57,760 Speaker 4: guess to address some of those those issues. 80 00:03:57,800 --> 00:04:01,120 Speaker 1: But yeah, so Shares again not reacting. 81 00:04:00,880 --> 00:04:04,960 Speaker 4: On this news but uh kind of yeah, hopefully putting 82 00:04:04,960 --> 00:04:07,920 Speaker 4: the end to to this this month's long saga. 83 00:04:08,680 --> 00:04:12,880 Speaker 2: This stockmover's report from Bloomberg Radio. 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