1 00:00:02,520 --> 00:00:07,440 Speaker 1: Bloomberg Audio Studios, podcasts, Radio News. 2 00:00:08,560 --> 00:00:12,440 Speaker 2: The Stock Movers Report, your roundup of companies making moves 3 00:00:12,480 --> 00:00:15,880 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,760 --> 00:00:19,560 Speaker 3: Let's look at some of the stocks now, a busy Friday. 5 00:00:19,680 --> 00:00:23,000 Speaker 3: On the move today, Tom Keenan, Paul Sueni and with 6 00:00:23,160 --> 00:00:26,640 Speaker 3: us he's non Lisa Mateo, John Tucker. 7 00:00:26,360 --> 00:00:31,440 Speaker 1: And it's merger Friday deal news Charter Communications combining with 8 00:00:31,560 --> 00:00:35,080 Speaker 1: Cox Communications. This is an all cash and stock deal 9 00:00:35,120 --> 00:00:38,560 Speaker 1: that will unite two of the biggest US cable providers. 10 00:00:38,760 --> 00:00:43,360 Speaker 1: And the big question was is this two dinosaurs mating 11 00:00:43,520 --> 00:00:46,600 Speaker 1: and apparently not. The takeover value is Cox at thirty 12 00:00:46,600 --> 00:00:50,040 Speaker 1: four and a half billion dollars including debt. This confirms 13 00:00:50,040 --> 00:00:52,240 Speaker 1: an earlier Bloomberg News report. By the way, I should 14 00:00:52,280 --> 00:00:55,120 Speaker 1: point that out, it includes twelve point six billion dollars 15 00:00:55,120 --> 00:00:58,880 Speaker 1: at new debt and twenty nine point nine billion dollars 16 00:00:58,880 --> 00:01:03,360 Speaker 1: in equity. The combined company actually will be the top 17 00:01:03,400 --> 00:01:07,959 Speaker 1: broadband operator in the US and also increased Charters subscriber 18 00:01:08,040 --> 00:01:10,120 Speaker 1: base with something like twenty percent. 19 00:01:10,800 --> 00:01:13,120 Speaker 3: What's the wire, Paul? Are they doing this for the Internet? 20 00:01:13,160 --> 00:01:15,880 Speaker 3: Are they doing it for Wi Fi? Are they doing 21 00:01:15,880 --> 00:01:16,319 Speaker 3: it for. 22 00:01:16,520 --> 00:01:18,840 Speaker 4: I think it's traditional. I think it's simply scale. This 23 00:01:18,959 --> 00:01:21,600 Speaker 4: is a fixed income business. You lay the you know, 24 00:01:22,160 --> 00:01:24,720 Speaker 4: the wiring around and you're just getting leverage over your 25 00:01:24,760 --> 00:01:26,600 Speaker 4: fixed costs. And you know, the growth story is not 26 00:01:26,640 --> 00:01:28,320 Speaker 4: as great as it used to be. So can they 27 00:01:28,319 --> 00:01:30,160 Speaker 4: get some cost synergies might be one of the questions. 28 00:01:30,200 --> 00:01:32,520 Speaker 4: So the overlap. I was just interacting with Jennifer Ree 29 00:01:32,520 --> 00:01:35,559 Speaker 4: from Bloomberg Intelligence. Is there going to be a regulatory concern? 30 00:01:35,600 --> 00:01:38,000 Speaker 4: And she says maybe they can look at the regional overlap. 31 00:01:38,040 --> 00:01:38,360 Speaker 4: I guess. 32 00:01:38,480 --> 00:01:40,520 Speaker 1: And in terms of the competition with AT and T 33 00:01:40,680 --> 00:01:43,040 Speaker 1: and like T Mobile, where does that all stand? 34 00:01:43,760 --> 00:01:47,760 Speaker 4: Yeah, I mean, I mean these are all national competitors, 35 00:01:47,840 --> 00:01:49,560 Speaker 4: so it's a very competitive business. 36 00:01:49,720 --> 00:01:52,840 Speaker 1: All right. Next we have more deal news. This is 37 00:01:52,920 --> 00:01:58,000 Speaker 1: Vistra buying the seven natural gas fired power plants. The 38 00:01:58,040 --> 00:02:00,520 Speaker 1: price tag here one point nine billion dollar dollars. This 39 00:02:00,640 --> 00:02:04,800 Speaker 1: is the latest big US generator betting on the fossil 40 00:02:04,840 --> 00:02:10,320 Speaker 1: field to feed the voracious appetite of artificial intelligence. It 41 00:02:10,400 --> 00:02:14,959 Speaker 1: actually follows Energy's Energy's announcement that it agreed to pay 42 00:02:15,000 --> 00:02:18,359 Speaker 1: twelve billion dollars including debt, for a fleet of gas 43 00:02:18,360 --> 00:02:22,760 Speaker 1: fired plants from Elis Power Equity Advisors. Now in January, 44 00:02:23,400 --> 00:02:27,400 Speaker 1: Constellation Energy said it would spend sixteen point four billion 45 00:02:27,480 --> 00:02:31,560 Speaker 1: for closely had Calpine. Another large US operator of gas 46 00:02:31,600 --> 00:02:35,880 Speaker 1: fired plants, Vestra, did rise in regular trading after the 47 00:02:36,320 --> 00:02:42,520 Speaker 1: regular markets. So again, more companies depending on fossil fuels 48 00:02:42,520 --> 00:02:43,600 Speaker 1: for these data centers. 49 00:02:43,919 --> 00:02:47,799 Speaker 3: Vistra, which it sounds like a pharmaceutical company. It's the 50 00:02:47,840 --> 00:02:54,240 Speaker 3: old Texas Competitive Electric Holdings Company, all right, which came 51 00:02:54,240 --> 00:02:57,359 Speaker 3: out of bankruptcy. I'm learning every day. 52 00:02:57,480 --> 00:02:59,480 Speaker 4: It's like John and I know that Texas has its 53 00:02:59,480 --> 00:03:02,119 Speaker 4: own grid, right, Well. 54 00:03:01,840 --> 00:03:05,880 Speaker 1: It's an independence state. They like to be independent of everything. 55 00:03:06,160 --> 00:03:06,880 Speaker 4: That's mistrue. 56 00:03:07,120 --> 00:03:08,359 Speaker 3: Okay, all right. 57 00:03:08,280 --> 00:03:10,959 Speaker 1: Let's move on to the biggest American maker of chip 58 00:03:11,000 --> 00:03:15,440 Speaker 1: manufacturing equipment. I'm talking about Applied Materials. Here, they're delivering 59 00:03:15,480 --> 00:03:18,960 Speaker 1: a lack luster forecast, and they also highlight the potential 60 00:03:19,000 --> 00:03:22,760 Speaker 1: cost of the trade dispute with China. According to the company, 61 00:03:22,919 --> 00:03:24,720 Speaker 1: the sales is going to be about seven point two 62 00:03:24,760 --> 00:03:28,000 Speaker 1: billion dollars in the third quarter of plus or minus 63 00:03:28,080 --> 00:03:31,800 Speaker 1: five hundred million dollars. This is roughly in line with 64 00:03:32,040 --> 00:03:34,640 Speaker 1: Wall Street estimates, though sum Antis projected as much as 65 00:03:34,680 --> 00:03:37,680 Speaker 1: seven point four billion the profit is going to work 66 00:03:37,720 --> 00:03:40,640 Speaker 1: out to about two dollars thirty five cents a share. 67 00:03:41,680 --> 00:03:45,440 Speaker 1: The chip industry companies adjusting to restrictions on sales to China, 68 00:03:45,760 --> 00:03:48,560 Speaker 1: and of course that's one of the biggest markets for 69 00:03:48,640 --> 00:03:49,400 Speaker 1: their products. 70 00:03:50,640 --> 00:03:54,680 Speaker 2: The Stock Movers Report from Bloomberg Radio. Check back with 71 00:03:54,760 --> 00:03:57,320 Speaker 2: us throughout the day for the latest roundup of companies 72 00:03:57,400 --> 00:04:00,480 Speaker 2: making news on Wall Street and for the latest market 73 00:04:00,520 --> 00:04:04,960 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 74 00:04:05,080 --> 00:04:08,560 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 75 00:04:08,640 --> 00:04:10,120 Speaker 2: the Bloomberg Business app.