WEBVTT - Meta Drops Amid Jury Ruling, Valero Sees Increase After Fire, Brown-Forman Gets Bump

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<v Speaker 1>Bloomberg Audio Studios, Podcasts, radio News, The.

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<v Speaker 2>Stock Movers Report, your roundup of companies making moves in

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<v Speaker 2>the stock market, harnessing the power of Bloomberg Data.

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<v Speaker 3>I'm Carol Masser along with Tim Stanevik. Let's get to

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<v Speaker 3>some stocks on the move on this Thursday. Bloomberg News

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<v Speaker 3>Equities reporter Avalon Pernel is in the house. How are

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<v Speaker 3>you very good?

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<v Speaker 2>Good?

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<v Speaker 4>Always fun to be here.

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<v Speaker 3>Well, thank you. We'd like to have a little bit

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<v Speaker 3>of a party when we're in here.

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<v Speaker 1>Yeah, Mark's not really partying today. Is going on with

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<v Speaker 1>the stocks that you're at?

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<v Speaker 4>Very true. We could go and start off with Meta

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<v Speaker 4>Platforms at Sticker, Meta falling about eight point one percent

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<v Speaker 4>for an party, very much not a party because in

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<v Speaker 4>today drops since October, and that's after Meta and Google

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<v Speaker 4>were found liable in the first social media addiction trial.

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<v Speaker 4>Analysts are saying that the Landmark decision could point to

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<v Speaker 4>ongoing risk, understandably so for both companies as they continue

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<v Speaker 4>to fight thousands, potentially of these similar claims.

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<v Speaker 3>That's interesting because they didn't go down that much yesterday.

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<v Speaker 1>Yeah, this happened before two o'clock yesterday, so the market

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<v Speaker 1>was still open. And we didn't see a big reaction,

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<v Speaker 1>but I guess now analysts are coming out with sort

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<v Speaker 1>of their how they view things.

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<v Speaker 4>Carol.

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<v Speaker 1>Yeah, and you know earlier today it was down at

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<v Speaker 1>only five point six percent. That was a session low.

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<v Speaker 1>Now down eight percent.

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<v Speaker 3>Wow, I'm just going to throw this out, No idea

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<v Speaker 3>there's a connection. But there is a story on the

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<v Speaker 3>Bloomberg about Mark Zuckerberg, of course, of Meta Platforms meeting

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<v Speaker 3>Senate Majority leader John Thune. According to a person familiar

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<v Speaker 3>with this schedule. So I don't know exactly what that means.

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<v Speaker 3>We know these tech execs and heads.

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<v Speaker 2>Have been up.

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<v Speaker 1>It looks like they're meeting right now. According to PBS,

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<v Speaker 1>Mark Zuckerberg arrived at Centert Thune's office at two twenty

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<v Speaker 1>two today.

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<v Speaker 3>Just thrown it in, you know, little a little ad

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<v Speaker 3>in there for you. Okay, So Meta definitely down a lot.

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<v Speaker 3>Valero Energy I saw this one actually rallying.

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<v Speaker 4>Yes, you were absolutely correct. It is up about five

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<v Speaker 4>point eight percent to hit a record high. That's after

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<v Speaker 4>we reported that Valero's Port Arthur refinery could restart some

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<v Speaker 4>units as soon as next week after an explosion shut

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<v Speaker 4>down the plant on Monday. Also important to note that

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<v Speaker 4>energy stocks as a whole continue to arise as the

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<v Speaker 4>attacks continue in the Middle East, and President Trump saying

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<v Speaker 4>earlier that Iron should get serious about getting to the

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<v Speaker 4>discussions table before it's too late. So we'll keep an

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<v Speaker 4>eye out for that as well.

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<v Speaker 3>Definitely an awperformer, though when you look at those energy names,

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<v Speaker 3>let's go to something. Actually, I feel like you should

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<v Speaker 3>bring it in because you actually brought this to my attention.

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<v Speaker 1>To Jack Daniels. Yeah, let's talk a little about the

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<v Speaker 1>parent company of Jack Daniels. You find him in Louisville, Kentucky.

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<v Speaker 4>Brown formam absolutely correct. That is ticker BF slash B

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<v Speaker 4>gaining about eight point one percent for its biggest injury

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<v Speaker 4>day jump since last March. That's after Bloomberg reports that

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<v Speaker 4>the French beverages company Perno Richard, is exploring a potential

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<v Speaker 4>acquisition of the owner of Jack Daniels Whiskey. Important to

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<v Speaker 4>note though, that the Brown family has the majority of

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<v Speaker 4>voting control and has rejected previous attempts to purchase the companies.

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<v Speaker 4>But we all know there's been a lot of weakness

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<v Speaker 4>in alcohol and beverages just in general, so maybe that

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<v Speaker 4>could make the deal more likely obviously unclear.

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<v Speaker 3>Yeah, people not drinking though.

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<v Speaker 2>The stock Movers report from Bloomberg Radio. Check back with

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