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 00:00:16,880 --> 00:00:18,919 Speaker 3: Let's take a look at some stocks on the move today. 5 00:00:18,960 --> 00:00:21,360 Speaker 3: I'm Scarlet Food here with Paul Sweeney and we're joined 6 00:00:21,400 --> 00:00:24,320 Speaker 3: by our very own Christina Quino and Christine. Let's start 7 00:00:24,360 --> 00:00:25,239 Speaker 3: with some gold miners. 8 00:00:25,400 --> 00:00:29,520 Speaker 1: Yeah, let's talk about Newmont Chalie so Numant ticker n EM. 9 00:00:29,680 --> 00:00:33,360 Speaker 1: Those shares up just about one percent at the moment, 10 00:00:33,520 --> 00:00:36,760 Speaker 1: so increasing some of those earlier gains we saw at 11 00:00:36,760 --> 00:00:40,120 Speaker 1: the open, and that is because we did get news 12 00:00:40,320 --> 00:00:43,599 Speaker 1: of its latest steps to exit the Canadian market. So 13 00:00:43,920 --> 00:00:46,960 Speaker 1: the latest is that a Nuance sold a stake of 14 00:00:47,000 --> 00:00:50,320 Speaker 1: thirteen point three percent in Orla Mining, which is a 15 00:00:50,320 --> 00:00:53,199 Speaker 1: Canadian mineral exploration company. Last week we did get the 16 00:00:53,240 --> 00:00:56,200 Speaker 1: announcement that they're also going to sell its coffee project 17 00:00:56,200 --> 00:00:59,480 Speaker 1: in the Yukon to fore To Metals Corporation for about 18 00:00:59,520 --> 00:01:01,680 Speaker 1: one hundred fifty million dollars. So this is all part 19 00:01:01,720 --> 00:01:05,759 Speaker 1: and parcel of the company's exit from the Canadian markets. 20 00:01:05,880 --> 00:01:07,800 Speaker 1: They did say that they're going to take their stock 21 00:01:07,880 --> 00:01:10,080 Speaker 1: off the Canadian stock Exchange by the end of a 22 00:01:10,160 --> 00:01:13,160 Speaker 1: training day on September twenty fourth, so later this week. 23 00:01:13,520 --> 00:01:16,920 Speaker 1: And that's because they just the trading volumes to law, 24 00:01:16,920 --> 00:01:19,480 Speaker 1: according to Newmont, and they need to reduce costs and 25 00:01:19,760 --> 00:01:21,679 Speaker 1: that's the best way that they came up with to 26 00:01:21,920 --> 00:01:25,080 Speaker 1: do that. But they will still trade on the New 27 00:01:25,120 --> 00:01:28,559 Speaker 1: York Stock Exchange. Compass, that's an M and A deal 28 00:01:28,600 --> 00:01:33,200 Speaker 1: out there, absolutely, Paul and shareholders not liking it. So 29 00:01:33,360 --> 00:01:39,640 Speaker 1: Compass uh ticker COOMP shares are down, extending those declines 30 00:01:39,680 --> 00:01:41,920 Speaker 1: now more than nine percent at the moment. 31 00:01:42,040 --> 00:01:43,080 Speaker 3: It's a real estate company. 32 00:01:43,160 --> 00:01:45,280 Speaker 1: It is a real estate company. Yeah, there you go. 33 00:01:45,400 --> 00:01:47,960 Speaker 1: Declines is hit ten percent, and that is because we 34 00:01:48,000 --> 00:01:51,639 Speaker 1: did get an M and A deal out of that 35 00:01:51,640 --> 00:01:55,040 Speaker 1: that space, So Compass agreeing to buy Anywhere real estate. 36 00:01:55,120 --> 00:01:57,320 Speaker 1: So this is a one and a half billion stock deal, 37 00:01:57,760 --> 00:02:01,040 Speaker 1: and in theory it should summon Compass this status is 38 00:02:01,080 --> 00:02:03,920 Speaker 1: the largest residential brokerage in the US right because the 39 00:02:03,920 --> 00:02:06,600 Speaker 1: purchase of Anywhere gives them access to some markets that 40 00:02:06,600 --> 00:02:11,160 Speaker 1: they're not necessarily dominating in. So the consolidation is helping 41 00:02:11,200 --> 00:02:15,720 Speaker 1: with that. The transaction values Anywhere at thirteen oh one 42 00:02:15,960 --> 00:02:18,960 Speaker 1: per share, which is eighty four percent more than its 43 00:02:18,960 --> 00:02:22,160 Speaker 1: closing price on September nineteen. This is probably why we're 44 00:02:22,200 --> 00:02:25,400 Speaker 1: getting shares declining today because I suspect that people are 45 00:02:25,400 --> 00:02:29,560 Speaker 1: thinking they probably overvalued the share price for anywhere, because 46 00:02:29,560 --> 00:02:31,080 Speaker 1: anywhere shares are rising at the moment. 47 00:02:31,200 --> 00:02:33,840 Speaker 3: All right, Yeah, Plus, we'll keep an eye on that one. 48 00:02:33,880 --> 00:02:36,400 Speaker 3: And finally, Coinbase, which is really moving in tandem with 49 00:02:36,440 --> 00:02:37,400 Speaker 3: the other crypto. 50 00:02:37,040 --> 00:02:40,400 Speaker 1: Stocks, absolutely scarlats. So we are seeing crypto down more 51 00:02:40,440 --> 00:02:42,920 Speaker 1: than two percent a bitcoin, which is the lowest in 52 00:02:43,040 --> 00:02:45,480 Speaker 1: a week and a half, and so ticker coin Base 53 00:02:45,600 --> 00:02:50,320 Speaker 1: COI and following suit in shares down nearly three percent 54 00:02:50,440 --> 00:02:53,760 Speaker 1: at the moment. So some good news from its Cardless 55 00:02:53,960 --> 00:02:57,720 Speaker 1: partner raising six hundred million fresh funds, but that's just 56 00:02:57,880 --> 00:02:59,440 Speaker 1: not doing enough for the. 57 00:02:59,440 --> 00:03:05,560 Speaker 2: Crypto The Stockmovers report from Bloomberg Radio. Check back with 58 00:03:05,639 --> 00:03:08,200 Speaker 2: us throughout the day for the latest roundup of companies 59 00:03:08,280 --> 00:03:11,400 Speaker 2: making news on Wall Street and for the latest market 60 00:03:11,400 --> 00:03:15,880 Speaker 2: moving headlines. 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