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Speaker 1: I'm Carol Master along with Matt Miller. Let's take a

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Speaker 1: look at some stocks on the move. Bloomberg News Equiti's

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Speaker 1: reporter Alex Semanova in studio with us and where do

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Speaker 1: you want to begin.

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Speaker 2: I'm taking a look at three companies that were selected

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Speaker 2: for inclusion in the Coveted S and P five hundred index, which,

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Speaker 2: as we know, tends to be a boon for shares

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Speaker 2: at least in the near term. Carvana CRH, which is

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Speaker 2: a building materials provider, and Comfort Systems USA, which is

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Speaker 2: an HVAC company. They will be added to the index

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Speaker 2: in a quarterly rebalance at the end of December. So

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Speaker 2: taking a look at the moves today, Carvan is stored

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Speaker 2: twelve percent to a record high, CRH jump to five

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Speaker 2: point nine percent, and Comfort Systems actually down a little bit,

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Speaker 2: about one point two percent. But guys, the story really

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Speaker 2: is about Carvana, because what an incredible comeback story. It's unbelievable.

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Speaker 2: It has jumped to around four hundred dollars a share

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Speaker 2: currently from a twenty twenty two low of less than

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Speaker 2: four dollars, so that is a ten thousand percent gain.

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Speaker 2: This is all things to its efforts to cut costs

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Speaker 2: and restructure debt that helped boost its earnings, and the

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Speaker 2: company said that it sold a record of about one

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Speaker 2: hundred and fifty six thousand vehicles in the recent quarter.

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Speaker 2: I actually, yesterday, for the first time ever, saw a

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Speaker 2: carv on a car being delivered. It was pretty incredible

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Speaker 2: over to the Upper East Side.

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Speaker 1: Let's reminder by ticker's CVNA and wow, unbelievable that performance.

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Speaker 1: I kind of missed that one.

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Speaker 2: Yeah, and actually ourbi analysts predicted all these companies would

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Speaker 2: join the S and P five hundred. Carvana was kind

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Speaker 2: of expected for a while.

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Speaker 3: Now, Ernie Garcia, the third I got to give that

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Speaker 3: guy a call and get him on my good on

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Speaker 3: my program.

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Speaker 2: What's this?

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Speaker 3: What's the story with Pepsi. They're giving us a preliminary

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Speaker 3: outlook and talking about layoffs as they wrap up talks

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Speaker 3: with an activist investor.

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Speaker 2: Yeah, it sounds like Elliott Investment is running the ship

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Speaker 2: over there. Pepsi plans to review its North America supply

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Speaker 2: chain as it's wrapping up no negotiations with this activist investor.

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Speaker 2: The company warned workers of incoming quote structural changes, which

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Speaker 2: is a euphemism for layoffs had actually asked many of

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Speaker 2: its workers to work from home. Is rough, very rough.

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Speaker 2: It's not looking good. Unclear yet what the magnitude of

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Speaker 2: those layoffs will be. But Elliott for a while now

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Speaker 2: has been pushing for changes at the company, citing an

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Speaker 2: overly complex portfolio of brands, declining share of the beverage business.

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Speaker 2: And it is very supportive of this, so cost cutting

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Speaker 2: efforts here to help boost share prices.

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Speaker 3: Doesn't it seem rough to lay people off in the

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Speaker 3: middle of December.

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Speaker 1: Yeah, and also to rif like to say don't come

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Speaker 1: in like I mean, yeah, I don't.

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Speaker 3: I don't know.

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Speaker 1: It is really rough. The timing.

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Speaker 3: By the way, the ticker in case you're wondering is PEP.

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Speaker 1: Yeah, well easy one. People aren't going to be so

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Speaker 1: peppy tomorrow.

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Speaker 3: What are we looking at? Tear amount, Netflix, Warner Brothers.

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Speaker 2: Yeah. So thee guy takeover bid is getting just uglier

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Speaker 2: by the day. Feels like something out of an episode

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Speaker 2: of Succession. The latest is Paramounts launched a hostile takeover

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Speaker 2: bid for Warner Brothers at thirty dollars a share in cash.

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Speaker 2: This is just days after the company agreed to a

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Speaker 2: deal with Netflix. The offer values Warner Brothers at one

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Speaker 2: hundred and eight point four billion dollars including debt. This

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Speaker 2: compares to Netflix's offer of twenty seven dollars and seventy

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Speaker 2: five cents a share in cash and stock for an

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Speaker 2: enterprise value of about eighty two point seven billion dollars.

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Speaker 2: So it's getting really heated here. Warner Brothers investors deserve

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Speaker 2: an opportunity to consider our superior call. That is what

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Speaker 2: CEO David Ellison said in a statement. And of course

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Speaker 2: both bids are raising a lot of antitrust concerns. President

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Speaker 2: Trump today spoke about it. He said that he has

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Speaker 2: to kind of take a look at the deal and

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Speaker 2: what the market cap of the final company will be

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Speaker 2: at either scenario.

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Speaker 1: It does oh here it is what does polymarket say?

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Speaker 3: Polly Market was crazy, dude. Polymarket had sixty percent odds

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Speaker 3: that this deal would close by the end of next

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Speaker 3: year until Trump said he was worried about the market

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Speaker 3: share and he wanted to get personally involved, and they

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Speaker 3: dropped a twenty three percent.

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Speaker 2: Incredible.

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Speaker 3: I would guess they're now in the teams.

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Speaker 1: Who will close Warner Brothers acquisition forty two percent paramount

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Speaker 1: thirty nine percent Netflix.

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Speaker 2: Interesting either way, this is going to change what in

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Speaker 2: the media world.

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Speaker 3: Elizabeth Warren is against both combinations.

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Speaker 1: What a surprise, Jackie Hey one more uh IBM?

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Speaker 2: Yes? So, Speaking of deals, IBM also is buying the

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Speaker 2: data streaming platform Confluent for about nine point three billion dollars.

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Speaker 2: This is one of its largest takeovers yet. IBM will

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Speaker 2: pay thirty one dollars a share, according to a statement

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Speaker 2: at issue today. And I know we always hear about

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Speaker 2: one AI deal after the other, and sometimes you're wondering

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Speaker 2: what do these companies actually do, Like, what is an

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Speaker 2: enter deise data stream exactly? Well, I actually have an

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Speaker 2: answer for you, isn't the data corner of the AI

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Speaker 2: boomed provides a platform for companies to gather or stream

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Speaker 2: and analyze data in real time. And some real time

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Speaker 2: examples are the manufacturer Michelin. It used Confluence platform to

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Speaker 2: optimize its inventories and then also Instacart used it to

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Speaker 2: develop real time fraud detection