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Speaker 1: Bloomberg Audio Studios, podcasts, radio news.

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Speaker 2: The Stock Movers Report, your roundup of companies making moves

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Speaker 2: in the stock market, harnessing the power of Bloomberg data.

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Speaker 3: Let's take a look at some stocks on the move today.

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Speaker 3: I'm Tom Keen with Bos Sweeni and Bloomberg's Lisa Monteo

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Speaker 3: Stock Movers. It's a podcast. Here is Netflix's stock mover

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Speaker 3: today or not?

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Speaker 1: No, Wanner brother Discovery on Netflix? Both of them? Okay together? Okay,

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Speaker 1: So Warner Brothers, Discovery WBD. Their shares have been down

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Speaker 1: as much as one percent. Netflix has kind of been

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Speaker 1: a little change maybe of about a half a percent.

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Speaker 1: It's all about the worries from the White House, right.

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Speaker 1: President Trump speaking to reporters at the Kennedy Center, and

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Speaker 1: he said that that deal Netflix and Warner Brothers deal,

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Speaker 1: it could create this big market share and could be

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Speaker 1: a problem. So that's what he said. He said he's

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Speaker 1: going to be involved in the decision. He also said

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Speaker 1: he met with Netflix co CEO Ted Sarandos recently. So

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Speaker 1: you have the argument, right, the Justice Department and Anti

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Speaker 1: Trust Vision could say that the deal is illegal because

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Speaker 1: it combines market share, would put Netflix over this certain threshold.

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Speaker 1: But then you have Netflix, who could argue that other

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Speaker 1: services like YouTube or TikTok that they should be included

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Speaker 1: in that analysis because it could shrink its market dominance.

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Speaker 1: Other sources are saying that Netflix is also expected to

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Speaker 1: argue that more than seventy five percent of HBO Max

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Speaker 1: subscribers they already subscribe to Netflix, so that would make

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Speaker 1: them like complimentary rather than competitors. So that's what they're saying.

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Speaker 1: It's all about the lawyers. Lisa Anti trust lawyers are

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Speaker 1: going to get this is gonna be just a huge

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Speaker 1: ticket for them.

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Speaker 3: Yeah, how long? Excuse me? The Detroit Lions blue button

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Speaker 3: Excuse me, I'm going eighteen months. Yeah, I'm going to

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Speaker 3: say eighteen months. Yeah, A lot happen again, So I

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Speaker 3: mean I spare, Yeah, I saw some nice merger arbitrage,

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Speaker 3: you know math here over the weekend.

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Speaker 1: And that's what those guys are thinking about.

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Speaker 3: Those folks thinking eighteen months, and that takes your returns

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Speaker 3: down pretty substantially. But it was a Jena Jessica Ray

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Speaker 3: Jessica jess no reay regulation reported for Bloomberg.

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Speaker 2: Oh oh, and Jenny Jenjeffery excuse Jennifer three.

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Speaker 3: Ye, she was outstanding.

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Speaker 1: Yeah, she's really she just killed it.

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Speaker 3: Yeah, she's great. Another stock mover, please.

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Speaker 1: We do Okay, this is data infrastructure firm Confluent. It's CFLT.

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Speaker 1: Their shares have been up as much as twenty nine percent.

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Speaker 1: They were halted for a bit and then then they're

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Speaker 1: backtraining again. But the big thing, yes, IBM buying the

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Speaker 1: company for about nine point three billion dollars. IBM is

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Speaker 1: going to pay about thirty one dollars a share. The

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Speaker 1: enterprise value, which value which includes debt, about eleven billion dollars.

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Speaker 1: It's gonna close by the end of twenty twenty six.

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Speaker 3: Reportedly, Paul taught me the cacs function. It's like the

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Speaker 3: in house, you know, it's the stuff they don't want

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Speaker 3: to talk about. It was basically a busted ip up. Yeah,

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Speaker 3: came at thirty six, went up, cratered, and now they're

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Speaker 3: getting it back at what least thirty.

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Speaker 1: One ish thirty one dollars this year. But you're right, yeah,

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Speaker 1: Confluence shares they fell seventeen percent this year before the

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Speaker 1: Wall Journal said that this was going to go. We're

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Speaker 1: going to go through.

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Speaker 3: Okay, you got one more.

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Speaker 1: Okay, I do have this one. It's a couple kind

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Speaker 1: of combined in. So we have CRCH, Carvana, Comfort Systems USA.

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Speaker 1: They are all higher. They're going to join the S

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Speaker 1: and P five hundred before trading opens December twenty second.

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Speaker 1: So you have CRCH it's been up as much as

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Speaker 1: seven percent, Carvana CVNA up about nine percent. Comfort Systems

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Speaker 1: FIX their shares have been up as much as one percent.

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Speaker 1: So yeah, joining the S and P five hundred before

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Speaker 1: trading December twenty second.

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Speaker 2: Interesting the stock Movers report from Bloomberg Radio. Check back

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Speaker 2: with us throughout the day for the latest roundup of

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Speaker 2: companies making news on Wall Street and for the latest

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Speaker 2: market moving headlines. Listen to Bloomberg Radio Live, catch us

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Speaker 2: on YouTube, Bloomberg dot com, and on Applecarplay and Android

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Speaker 2: Auto with the Bloomberg Business app.