WEBVTT - Blue Owl Capital Drops, Bumble Soars, Dollar General Falls as Outlook Disappoints

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio News.

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<v Speaker 2>The Stock Movers Report, your roundup of companies making moves

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<v Speaker 2>in the stock market, harnessing the power of Bloomberg Data.

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<v Speaker 3>There's a lot going on in the market. We're going

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<v Speaker 3>to look at some of the individual movers with Bloomberg

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<v Speaker 3>Cross Asset reporter Isabelle.

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<v Speaker 1>Isabel what are you looking at? We have to start

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<v Speaker 1>with Blue Owl. Ticker is Owl. I feel like this

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<v Speaker 1>is really in the headlines a lot these days. Chairs

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<v Speaker 1>are down after the asset manager defended its recent sale

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<v Speaker 1>of the one point four billion of loans from three

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<v Speaker 1>of its funds. So I feel like every day we

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<v Speaker 1>see a new company in the headline, whether it's Cliffwater,

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<v Speaker 1>Blue Owl, even Morgan Stanley is in there. But in

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<v Speaker 1>a private conference last week, the president co president of

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<v Speaker 1>Blue Owl, Craig Packer, said that the four institutions that

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<v Speaker 1>struck a deal with the firm did so on an

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<v Speaker 1>armslength basis, so they're conducting their own due diligence. They

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<v Speaker 1>brought the debt on the same terms, and they received

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<v Speaker 1>no special guarantee. So private credit is a one point

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<v Speaker 1>eight trillon dollar market, and again it's being rattled by

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<v Speaker 1>just angst from investors who are just really worried about

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<v Speaker 1>the wave of redemptions they're seeing, and our lenders overly

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<v Speaker 1>exposed to software companies and all that. So it's really

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<v Speaker 1>kind of I don't want to say it's interesting to see,

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<v Speaker 1>because of course it's not good news. It's a little bit.

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<v Speaker 4>Scary, and some are saying that it may even harken

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<v Speaker 4>back to what we saw back in two thousand and

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<v Speaker 4>seven with the subprime mortgage situation, although we had some

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<v Speaker 4>guests on Bloomberg Surveillance this morning who were saying this

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<v Speaker 4>seems more contained and wouldn't have the same sort of

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<v Speaker 4>contagion effect. But talking about software also, Isabelle JP Morgan

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<v Speaker 4>recently restricted some lending to private credit funds after marking

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<v Speaker 4>down the value of certain software linked launch. So we're

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<v Speaker 4>getting JP Morgan. We're sort of getting very specific there.

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<v Speaker 4>Y Yeah, all right, let's move on. What if you

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<v Speaker 4>got Oh, we're going to do a hard turn and

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<v Speaker 4>talk Bumble the dating app. We go from private credit

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<v Speaker 4>to dating apps only on Bloomberg.

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<v Speaker 1>As a bell only on Bloomberg. I dedicate this to

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<v Speaker 1>all the single people out there. Bumble Tickers BMBL. This

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<v Speaker 1>doc is actually up by thirty four percent, and that's

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<v Speaker 1>the largest jump since Drummroll Please January twenty twenty six,

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<v Speaker 1>according to our sin As function. So this comes after

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<v Speaker 1>the online dating company forecast for the first quarter to

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<v Speaker 1>beat estimates. Guidance also is beating estimates to the company,

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<v Speaker 1>obviously reinforcing concerns about its growth prospects, but there is

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<v Speaker 1>some caution. Bloomberg Intelligence calls it the dating app fatigue.

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<v Speaker 1>I feel like when I ask my friends it's like

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<v Speaker 1>bumble hinge, the one with bagels commutes bay.

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<v Speaker 3>I thought a lot of people were tired of dating apps.

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<v Speaker 3>But interesting to see the stock reaction right now.

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<v Speaker 1>Interesting to see, especially with a little bit of caution because,

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<v Speaker 1>for example, Bloomberg Intelligence they said the fourth quite revenue

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<v Speaker 1>could drop the two hundred and eighteen million. RBC capitalists

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<v Speaker 1>downgraded the stock from outperform to perform and city they

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<v Speaker 1>have a neutral rating. They said that guidance were below

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<v Speaker 1>consensus expectations, et cetera, et cetera. So yeah, stock is

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<v Speaker 1>edging up though by thirty five percent, So I guess

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<v Speaker 1>investors are just focused on the good news, which is

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<v Speaker 1>that they beat estimates.

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<v Speaker 3>And one more very quickly, what else is on your ring?

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<v Speaker 1>Dollar General ticker is DG. I don't think I've ever

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<v Speaker 1>been to a Dollar General store, but I would like to.

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<v Speaker 1>So they forecast sales in line with analysts expectations. So

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<v Speaker 1>you would think this is good news, but not really

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<v Speaker 1>because the stock is now down by five percent. It

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<v Speaker 1>shows a slowing momentum for the company that has routinely

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<v Speaker 1>beat expectations. So comparable sales this fiscal year will gain

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<v Speaker 1>two point two percent analysts projected around to two point

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<v Speaker 1>seven percent. Analysts projected two point forty five percent, so

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<v Speaker 1>the range for the earnings per share came in slightly

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<v Speaker 1>above expectations. We have Bloomer Intelligence against saying the outlook

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<v Speaker 1>is conservative.

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<v Speaker 2>The stock Mover's report from Bloomberg Radio. Check back with

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<v Speaker 2>us throughout the day for the latest roundup of companies

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