1 00:00:02,520 --> 00:00:10,440 Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The Stock Movers podcast, 2 00:00:10,800 --> 00:00:14,040 Speaker 1: your roundup of companies making moves in the stock market, 3 00:00:14,240 --> 00:00:16,480 Speaker 1: harnessing the power of Bloomberg Data. 4 00:00:18,040 --> 00:00:20,680 Speaker 2: Stock Movers Lisa Mateo with our podcast. 5 00:00:20,840 --> 00:00:23,480 Speaker 3: Okay, I want to start with Hess taker hes. Their 6 00:00:23,560 --> 00:00:25,200 Speaker 3: shares have been up more than eight percent. 7 00:00:25,880 --> 00:00:26,320 Speaker 1: The big thing. 8 00:00:26,480 --> 00:00:29,560 Speaker 3: Chevron won its arbitration battle with Exon and now it's 9 00:00:29,560 --> 00:00:32,680 Speaker 3: completed the fifty three billion dollar deal of Hess. Because 10 00:00:32,720 --> 00:00:35,640 Speaker 3: of all this, it comes twenty months after the deal 11 00:00:35,720 --> 00:00:39,159 Speaker 3: was actually first announced, but it's a major victory for Chevron. 12 00:00:39,240 --> 00:00:42,280 Speaker 3: Taker CVX. Their shares have been up about four percent. 13 00:00:42,880 --> 00:00:44,920 Speaker 3: They were really left in limbo, right. It agreed to 14 00:00:44,960 --> 00:00:48,120 Speaker 3: buy Hess back in October twenty twenty three, and it 15 00:00:48,200 --> 00:00:50,640 Speaker 3: hurt its stock. You know. It's CEO said he would 16 00:00:50,680 --> 00:00:52,600 Speaker 3: walk away from the deal if they lost the case. 17 00:00:52,680 --> 00:00:53,280 Speaker 3: But this is. 18 00:00:53,400 --> 00:00:56,920 Speaker 2: Oil off Guiana, that's right, which is east of Venezuela 19 00:00:57,240 --> 00:01:00,800 Speaker 2: by Venezuela, exactly right, And it's it's west of Surinam. 20 00:01:01,560 --> 00:01:05,000 Speaker 2: I flunked this in seventh grade geography, Keana. It's in 21 00:01:05,080 --> 00:01:09,160 Speaker 2: northern South America, folks. It's somewhat below Trinidad and Tobago 22 00:01:09,200 --> 00:01:11,240 Speaker 2: where Lisa spent three weeks last year. 23 00:01:11,480 --> 00:01:13,679 Speaker 3: Actually, well what they say, it's different and big oil 24 00:01:13,720 --> 00:01:17,000 Speaker 3: because it's an industry where companies kind of routinely partner 25 00:01:17,040 --> 00:01:19,679 Speaker 3: with each other to kind of minimize risks and share costo. 26 00:01:19,760 --> 00:01:22,679 Speaker 3: This kind of set it apart another deal making. So 27 00:01:22,720 --> 00:01:26,200 Speaker 3: we have Norfolk Southern ticker NSC there shares a bit 28 00:01:26,240 --> 00:01:29,200 Speaker 3: about four percent. They as sources are saying this has 29 00:01:29,280 --> 00:01:32,360 Speaker 3: not been confirmed that Union Pacific is looking into buying 30 00:01:32,400 --> 00:01:33,000 Speaker 3: the company. 31 00:01:33,160 --> 00:01:34,319 Speaker 1: Just talking about and this is big. 32 00:01:34,400 --> 00:01:36,679 Speaker 3: Yeah, I mean it would be the biggest railroad deal 33 00:01:36,760 --> 00:01:39,240 Speaker 3: ever because you have the number one, the number five 34 00:01:39,240 --> 00:01:42,360 Speaker 3: North American railroads by revenue, and Tom says it, you know, 35 00:01:42,440 --> 00:01:43,640 Speaker 3: combined market value. 36 00:01:44,319 --> 00:01:48,360 Speaker 2: At Barclays was brilliant, folks. The geography here, it's sort 37 00:01:48,360 --> 00:01:50,880 Speaker 2: of like gone with the wind. It's Atlanta up to 38 00:01:51,000 --> 00:01:56,560 Speaker 2: Chicago and then Chicago out west. Right, that's I think 39 00:01:56,000 --> 00:01:57,760 Speaker 2: I think the expert set. 40 00:01:57,880 --> 00:02:01,280 Speaker 3: But then the question is where gulator's stand. You know 41 00:02:01,320 --> 00:02:03,360 Speaker 3: that the whole regulation behind it. You know, we have 42 00:02:03,400 --> 00:02:04,200 Speaker 3: an administration. 43 00:02:04,320 --> 00:02:06,400 Speaker 2: So do you have a Linyl train set? Growing up? 44 00:02:07,120 --> 00:02:09,560 Speaker 1: No, No, I had a lot of Hess trucks though 45 00:02:09,600 --> 00:02:11,240 Speaker 1: to be honest with you, all those little ones that 46 00:02:11,280 --> 00:02:13,200 Speaker 1: you used to get there on Christmas time. My Grandfaddy's 47 00:02:13,200 --> 00:02:13,520 Speaker 1: to bring. 48 00:02:13,520 --> 00:02:16,840 Speaker 2: Rich kids had h o train sets. I had a clumsy, 49 00:02:17,160 --> 00:02:20,760 Speaker 2: chunky Union Pacific line on through the end. It wasn't cool. 50 00:02:20,919 --> 00:02:23,440 Speaker 2: I actually talked to mister Buffet once about his train set. 51 00:02:23,800 --> 00:02:25,720 Speaker 2: It's got a ginormous train set up in the air 52 00:02:25,840 --> 00:02:26,600 Speaker 2: like hot wheels. 53 00:02:26,720 --> 00:02:29,960 Speaker 3: Next kids don't have them anymore. It's very said, Okay, 54 00:02:30,000 --> 00:02:32,799 Speaker 3: I have to go to Netflix because take our NFLX. 55 00:02:32,800 --> 00:02:35,120 Speaker 3: Their shares have been down more than two percent. I mean, 56 00:02:35,160 --> 00:02:39,520 Speaker 3: they had great results right topped investor expectations every metric. 57 00:02:40,000 --> 00:02:42,840 Speaker 3: Revenue grew eleven point one billion. But the thing is 58 00:02:42,919 --> 00:02:45,320 Speaker 3: the bar was set so high. I mean, the stock 59 00:02:45,400 --> 00:02:48,000 Speaker 3: is nearly doubled over the past year. It's market value 60 00:02:48,040 --> 00:02:51,480 Speaker 3: tops five hundred billion dollars. It's worth more than Walt 61 00:02:51,520 --> 00:02:55,320 Speaker 3: Disney Comcasts and what about there's combined just in. 62 00:02:55,440 --> 00:02:59,720 Speaker 2: Last ten years, they're gone up twenty eight percent per year. Yeah, 63 00:02:59,800 --> 00:03:01,840 Speaker 2: it's just a terrible performance. 64 00:03:03,320 --> 00:03:05,680 Speaker 1: They're not they're not going to report subscribers anymore either. No, 65 00:03:05,680 --> 00:03:07,000 Speaker 1: they're really changing to just revenue. 66 00:03:07,280 --> 00:03:11,200 Speaker 2: There's everybody, I mean, basically at my house. It's on Netflix. Yah. 67 00:03:11,480 --> 00:03:13,120 Speaker 1: I mean all the time, my wife. 68 00:03:13,160 --> 00:03:15,080 Speaker 3: It turns into a fight in the house because I 69 00:03:15,120 --> 00:03:17,200 Speaker 3: try to get on and everybody's on it on their phone, 70 00:03:17,440 --> 00:03:19,079 Speaker 3: and then I can't get on. I get bumped off. 71 00:03:19,080 --> 00:03:20,600 Speaker 2: Are you still using my password? 72 00:03:22,160 --> 00:03:27,040 Speaker 1: I can't share the Stock Movers podcast from Bloomberg Radio. 73 00:03:27,440 --> 00:03:29,800 Speaker 1: Check back with us throughout the day for the latest 74 00:03:29,840 --> 00:03:33,000 Speaker 1: roundup of companies making news on Wall Street and for 75 00:03:33,040 --> 00:03:36,960 Speaker 1: the latest market moving headlines. 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