Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The Stock Movers podcast,
Speaker 1: your roundup of companies making moves in the stock market,
Speaker 1: harnessing the power of Bloomberg Data.
Speaker 2: Stock Movers Lisa Mateo with our podcast.
Speaker 3: Okay, I want to start with Hess taker hes. Their
Speaker 3: shares have been up more than eight percent.
Speaker 1: The big thing.
Speaker 3: Chevron won its arbitration battle with Exon and now it's
Speaker 3: completed the fifty three billion dollar deal of Hess. Because
Speaker 3: of all this, it comes twenty months after the deal
Speaker 3: was actually first announced, but it's a major victory for Chevron.
Speaker 3: Taker CVX. Their shares have been up about four percent.
Speaker 3: They were really left in limbo, right. It agreed to
Speaker 3: buy Hess back in October twenty twenty three, and it
Speaker 3: hurt its stock. You know. It's CEO said he would
Speaker 3: walk away from the deal if they lost the case.
Speaker 3: But this is.
Speaker 2: Oil off Guiana, that's right, which is east of Venezuela
Speaker 2: by Venezuela, exactly right, And it's it's west of Surinam.
Speaker 2: I flunked this in seventh grade geography, Keana. It's in
Speaker 2: northern South America, folks. It's somewhat below Trinidad and Tobago
Speaker 2: where Lisa spent three weeks last year.
Speaker 3: Actually, well what they say, it's different and big oil
Speaker 3: because it's an industry where companies kind of routinely partner
Speaker 3: with each other to kind of minimize risks and share costo.
Speaker 3: This kind of set it apart another deal making. So
Speaker 3: we have Norfolk Southern ticker NSC there shares a bit
Speaker 3: about four percent. They as sources are saying this has
Speaker 3: not been confirmed that Union Pacific is looking into buying
Speaker 3: the company.
Speaker 1: Just talking about and this is big.
Speaker 3: Yeah, I mean it would be the biggest railroad deal
Speaker 3: ever because you have the number one, the number five
Speaker 3: North American railroads by revenue, and Tom says it, you know,
Speaker 3: combined market value.
Speaker 2: At Barclays was brilliant, folks. The geography here, it's sort
Speaker 2: of like gone with the wind. It's Atlanta up to
Speaker 2: Chicago and then Chicago out west. Right, that's I think
Speaker 2: I think the expert set.
Speaker 3: But then the question is where gulator's stand. You know
Speaker 3: that the whole regulation behind it. You know, we have
Speaker 3: an administration.
Speaker 2: So do you have a Linyl train set? Growing up?
Speaker 1: No, No, I had a lot of Hess trucks though
Speaker 1: to be honest with you, all those little ones that
Speaker 1: you used to get there on Christmas time. My Grandfaddy's
Speaker 1: to bring.
Speaker 2: Rich kids had h o train sets. I had a clumsy,
Speaker 2: chunky Union Pacific line on through the end. It wasn't cool.
Speaker 2: I actually talked to mister Buffet once about his train set.
Speaker 2: It's got a ginormous train set up in the air
Speaker 2: like hot wheels.
Speaker 3: Next kids don't have them anymore. It's very said, Okay,
Speaker 3: I have to go to Netflix because take our NFLX.
Speaker 3: Their shares have been down more than two percent. I mean,
Speaker 3: they had great results right topped investor expectations every metric.
Speaker 3: Revenue grew eleven point one billion. But the thing is
Speaker 3: the bar was set so high. I mean, the stock
Speaker 3: is nearly doubled over the past year. It's market value
Speaker 3: tops five hundred billion dollars. It's worth more than Walt
Speaker 3: Disney Comcasts and what about there's combined just in.
Speaker 2: Last ten years, they're gone up twenty eight percent per year. Yeah,
Speaker 2: it's just a terrible performance.
Speaker 1: They're not they're not going to report subscribers anymore either. No,
Speaker 1: they're really changing to just revenue.
Speaker 2: There's everybody, I mean, basically at my house. It's on Netflix. Yah.
Speaker 1: I mean all the time, my wife.
Speaker 3: It turns into a fight in the house because I
Speaker 3: try to get on and everybody's on it on their phone,
Speaker 3: and then I can't get on. I get bumped off.
Speaker 2: Are you still using my password?
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