Speaker 1: Bloomberg Audio Studios, Podcasts, radio News, The.
Speaker 2: Stock Movers Report, your roundup of companies making moves in
Speaker 2: the stock market, harnessing the power of Bloomberg Data.
Speaker 3: I'm Carol Masser along with Tim Stanevik. Let's get to
Speaker 3: some stocks on the move on this Thursday. Bloomberg News
Speaker 3: Equities reporter Avalon Pernel is in the house. How are
Speaker 3: you very good?
Speaker 2: Good?
Speaker 4: Always fun to be here.
Speaker 3: Well, thank you. We'd like to have a little bit
Speaker 3: of a party when we're in here.
Speaker 1: Yeah, Mark's not really partying today. Is going on with
Speaker 1: the stocks that you're at?
Speaker 4: Very true. We could go and start off with Meta
Speaker 4: Platforms at Sticker, Meta falling about eight point one percent
Speaker 4: for an party, very much not a party because in
Speaker 4: today drops since October, and that's after Meta and Google
Speaker 4: were found liable in the first social media addiction trial.
Speaker 4: Analysts are saying that the Landmark decision could point to
Speaker 4: ongoing risk, understandably so for both companies as they continue
Speaker 4: to fight thousands, potentially of these similar claims.
Speaker 3: That's interesting because they didn't go down that much yesterday.
Speaker 1: Yeah, this happened before two o'clock yesterday, so the market
Speaker 1: was still open. And we didn't see a big reaction,
Speaker 1: but I guess now analysts are coming out with sort
Speaker 1: of their how they view things.
Speaker 4: Carol.
Speaker 1: Yeah, and you know earlier today it was down at
Speaker 1: only five point six percent. That was a session low.
Speaker 1: Now down eight percent.
Speaker 3: Wow, I'm just going to throw this out, No idea
Speaker 3: there's a connection. But there is a story on the
Speaker 3: Bloomberg about Mark Zuckerberg, of course, of Meta Platforms meeting
Speaker 3: Senate Majority leader John Thune. According to a person familiar
Speaker 3: with this schedule. So I don't know exactly what that means.
Speaker 3: We know these tech execs and heads.
Speaker 2: Have been up.
Speaker 1: It looks like they're meeting right now. According to PBS,
Speaker 1: Mark Zuckerberg arrived at Centert Thune's office at two twenty
Speaker 1: two today.
Speaker 3: Just thrown it in, you know, little a little ad
Speaker 3: in there for you. Okay, So Meta definitely down a lot.
Speaker 3: Valero Energy I saw this one actually rallying.
Speaker 4: Yes, you were absolutely correct. It is up about five
Speaker 4: point eight percent to hit a record high. That's after
Speaker 4: we reported that Valero's Port Arthur refinery could restart some
Speaker 4: units as soon as next week after an explosion shut
Speaker 4: down the plant on Monday. Also important to note that
Speaker 4: energy stocks as a whole continue to arise as the
Speaker 4: attacks continue in the Middle East, and President Trump saying
Speaker 4: earlier that Iron should get serious about getting to the
Speaker 4: discussions table before it's too late. So we'll keep an
Speaker 4: eye out for that as well.
Speaker 3: Definitely an awperformer, though when you look at those energy names,
Speaker 3: let's go to something. Actually, I feel like you should
Speaker 3: bring it in because you actually brought this to my attention.
Speaker 1: To Jack Daniels. Yeah, let's talk a little about the
Speaker 1: parent company of Jack Daniels. You find him in Louisville, Kentucky.
Speaker 4: Brown formam absolutely correct. That is ticker BF slash B
Speaker 4: gaining about eight point one percent for its biggest injury
Speaker 4: day jump since last March. That's after Bloomberg reports that
Speaker 4: the French beverages company Perno Richard, is exploring a potential
Speaker 4: acquisition of the owner of Jack Daniels Whiskey. Important to
Speaker 4: note though, that the Brown family has the majority of
Speaker 4: voting control and has rejected previous attempts to purchase the companies.
Speaker 4: But we all know there's been a lot of weakness
Speaker 4: in alcohol and beverages just in general, so maybe that
Speaker 4: could make the deal more likely obviously unclear.
Speaker 3: Yeah, people not drinking though.
Speaker 2: The stock Movers report from Bloomberg Radio. Check back with
Speaker 2: us throughout the day for the latest roundup of companies
Speaker 2: making news on Wall Street and for the latest market
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