WEBVTT - Hess Arbitration Win; Potential Rail Deal; 3M Raising Forecasts

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news, The Stock Movers podcast,

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<v Speaker 1>your roundup of companies making moves in the stock market,

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<v Speaker 1>harnessing the power of Bloomberg Data.

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<v Speaker 2>Stock Movers Lisa Mateo with our podcast.

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<v Speaker 3>Okay, I want to start with Hess taker hes. Their

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<v Speaker 3>shares have been up more than eight percent.

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<v Speaker 1>The big thing.

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<v Speaker 3>Chevron won its arbitration battle with Exon and now it's

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<v Speaker 3>completed the fifty three billion dollar deal of Hess. Because

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<v Speaker 3>of all this, it comes twenty months after the deal

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<v Speaker 3>was actually first announced, but it's a major victory for Chevron.

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<v Speaker 3>Taker CVX. Their shares have been up about four percent.

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<v Speaker 3>They were really left in limbo, right. It agreed to

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<v Speaker 3>buy Hess back in October twenty twenty three, and it

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<v Speaker 3>hurt its stock. You know. It's CEO said he would

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<v Speaker 3>walk away from the deal if they lost the case.

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<v Speaker 3>But this is.

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<v Speaker 2>Oil off Guiana, that's right, which is east of Venezuela

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<v Speaker 2>by Venezuela, exactly right, And it's it's west of Surinam.

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<v Speaker 2>I flunked this in seventh grade geography, Keana. It's in

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<v Speaker 2>northern South America, folks. It's somewhat below Trinidad and Tobago

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<v Speaker 2>where Lisa spent three weeks last year.

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<v Speaker 3>Actually, well what they say, it's different and big oil

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<v Speaker 3>because it's an industry where companies kind of routinely partner

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<v Speaker 3>with each other to kind of minimize risks and share costo.

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<v Speaker 3>This kind of set it apart another deal making. So

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<v Speaker 3>we have Norfolk Southern ticker NSC there shares a bit

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<v Speaker 3>about four percent. They as sources are saying this has

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<v Speaker 3>not been confirmed that Union Pacific is looking into buying

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<v Speaker 3>the company.

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<v Speaker 1>Just talking about and this is big.

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<v Speaker 3>Yeah, I mean it would be the biggest railroad deal

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<v Speaker 3>ever because you have the number one, the number five

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<v Speaker 3>North American railroads by revenue, and Tom says it, you know,

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<v Speaker 3>combined market value.

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<v Speaker 2>At Barclays was brilliant, folks. The geography here, it's sort

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<v Speaker 2>of like gone with the wind. It's Atlanta up to

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<v Speaker 2>Chicago and then Chicago out west. Right, that's I think

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<v Speaker 2>I think the expert set.

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<v Speaker 3>But then the question is where gulator's stand. You know

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<v Speaker 3>that the whole regulation behind it. You know, we have

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<v Speaker 3>an administration.

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<v Speaker 2>So do you have a Linyl train set? Growing up?

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<v Speaker 1>No, No, I had a lot of Hess trucks though

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<v Speaker 1>to be honest with you, all those little ones that

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<v Speaker 1>you used to get there on Christmas time. My Grandfaddy's

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<v Speaker 1>to bring.

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<v Speaker 2>Rich kids had h o train sets. I had a clumsy,

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<v Speaker 2>chunky Union Pacific line on through the end. It wasn't cool.

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<v Speaker 2>I actually talked to mister Buffet once about his train set.

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<v Speaker 2>It's got a ginormous train set up in the air

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<v Speaker 2>like hot wheels.

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<v Speaker 3>Next kids don't have them anymore. It's very said, Okay,

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<v Speaker 3>I have to go to Netflix because take our NFLX.

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<v Speaker 3>Their shares have been down more than two percent. I mean,

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<v Speaker 3>they had great results right topped investor expectations every metric.

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<v Speaker 3>Revenue grew eleven point one billion. But the thing is

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<v Speaker 3>the bar was set so high. I mean, the stock

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<v Speaker 3>is nearly doubled over the past year. It's market value

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<v Speaker 3>tops five hundred billion dollars. It's worth more than Walt

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<v Speaker 3>Disney Comcasts and what about there's combined just in.

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<v Speaker 2>Last ten years, they're gone up twenty eight percent per year. Yeah,

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<v Speaker 2>it's just a terrible performance.

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<v Speaker 1>They're not they're not going to report subscribers anymore either. No,

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<v Speaker 1>they're really changing to just revenue.

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<v Speaker 2>There's everybody, I mean, basically at my house. It's on Netflix. Yah.

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<v Speaker 1>I mean all the time, my wife.

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<v Speaker 3>It turns into a fight in the house because I

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<v Speaker 3>try to get on and everybody's on it on their phone,

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<v Speaker 3>and then I can't get on. I get bumped off.

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<v Speaker 2>Are you still using my password?

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<v Speaker 1>I can't share the Stock Movers podcast from Bloomberg Radio.

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