1 00:00:02,520 --> 00:00:07,360 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. 2 00:00:08,560 --> 00:00:12,440 Speaker 2: The Stock Mover's Report, your roundup of companies making moves 3 00:00:12,480 --> 00:00:15,880 Speaker 2: in the stock market, harnessing the power of Bloomberg data. 4 00:00:16,560 --> 00:00:18,720 Speaker 1: Let's take a look at some stocks on the move today. 5 00:00:18,880 --> 00:00:20,920 Speaker 1: Here's Alexis Christopher's. 6 00:00:20,320 --> 00:00:23,200 Speaker 3: All right, I want to start with a Fragrance deal. 7 00:00:23,320 --> 00:00:27,400 Speaker 3: Possible Fragrance deal. So Este Lauder considering of buying Spain's 8 00:00:27,480 --> 00:00:32,440 Speaker 3: pooch brands. Now, just you know, it's like it's strange, 9 00:00:32,680 --> 00:00:37,440 Speaker 3: it's spelled p U. I G okay, I'm with. 10 00:00:38,479 --> 00:00:38,519 Speaker 2: It. 11 00:00:38,640 --> 00:00:43,080 Speaker 1: That's there's a very famous music mixer who makes compressors 12 00:00:43,120 --> 00:00:44,600 Speaker 1: and things we say tweak. 13 00:00:44,720 --> 00:00:47,240 Speaker 3: I like, well, I like that better. But apparently it's 14 00:00:47,320 --> 00:00:51,440 Speaker 3: it's Catalan from space and are off. Now there you go, 15 00:00:51,680 --> 00:00:55,480 Speaker 3: all right, So there mixed results. Here are mixed opinions 16 00:00:55,520 --> 00:00:58,200 Speaker 3: about this possible deal on Wall Street. So the acquisition 17 00:00:58,240 --> 00:01:02,920 Speaker 3: would add fragrances like Caroline her arraraband to esday Latter's portfolio. 18 00:01:03,000 --> 00:01:05,720 Speaker 3: But TD Cowan's out with a note this morning, Actually, Tom, 19 00:01:05,760 --> 00:01:07,520 Speaker 3: thank you for sending this. Bring this to my attention. 20 00:01:07,920 --> 00:01:10,040 Speaker 3: They're out with some key considerations here. They say it 21 00:01:10,040 --> 00:01:13,600 Speaker 3: would create a company approximately twenty billion dollars in revenue, 22 00:01:14,280 --> 00:01:17,840 Speaker 3: meaningfully rebalanced geographic and product mix, which I think just 23 00:01:17,880 --> 00:01:21,360 Speaker 3: means they're going to have a larger reach right supply 24 00:01:21,480 --> 00:01:23,560 Speaker 3: chain and revenue synergies. But they said it's sort of 25 00:01:23,600 --> 00:01:26,280 Speaker 3: like booking the DJ before fixing the venue. 26 00:01:26,560 --> 00:01:29,240 Speaker 1: Oh I like that, right, But you need to understand 27 00:01:29,680 --> 00:01:32,720 Speaker 1: you got to welcome to surveillance. It has nothing to 28 00:01:32,800 --> 00:01:37,000 Speaker 1: do with me. Oliver Chen emailed me and said, hey, stupid, 29 00:01:37,400 --> 00:01:40,479 Speaker 1: give this to Alexis christopherus Oliver, thank you. 30 00:01:40,400 --> 00:01:43,720 Speaker 3: For that, Thank you, Oliver. And also there are concerns 31 00:01:43,720 --> 00:01:45,800 Speaker 3: out there that you know, Esday Lauder's got a CEO 32 00:01:45,800 --> 00:01:47,039 Speaker 3: who's trying to turn things around. 33 00:01:47,200 --> 00:01:49,840 Speaker 1: There just say we don't care. What does Alexis Christophers 34 00:01:49,880 --> 00:01:53,480 Speaker 1: think about the busting of this brand Esday Lauder. Yeah, 35 00:01:53,520 --> 00:01:55,040 Speaker 1: and now they're trying to keep it going. 36 00:01:55,520 --> 00:01:58,320 Speaker 3: I mean Wall Street it's not loving it because Esday 37 00:01:58,360 --> 00:02:02,160 Speaker 3: Latter's stock is under pressure. But Brooch is up twenty 38 00:02:02,280 --> 00:02:05,440 Speaker 3: one percent year to date, up about fifteen percent today. 39 00:02:05,520 --> 00:02:08,560 Speaker 3: So there you go. See if it happens all right, Jeffries, 40 00:02:08,600 --> 00:02:11,480 Speaker 3: there is some breaking news here, or I'll call it 41 00:02:11,520 --> 00:02:14,560 Speaker 3: sort of updated news on Jeffries So remember the Financial 42 00:02:14,600 --> 00:02:18,840 Speaker 3: Times had said that the Japanese bank Sumi Tomo's Mittsui 43 00:02:19,040 --> 00:02:23,519 Speaker 3: was considering buying Jeffries Financial Group. Well, now Sumi Tomo 44 00:02:23,720 --> 00:02:26,000 Speaker 3: is out saying it has no immediate plan to take 45 00:02:26,040 --> 00:02:30,120 Speaker 3: over Jeffries and that it is not engaged in talks 46 00:02:30,160 --> 00:02:32,840 Speaker 3: with the Wall Street lender, but it is keeping an 47 00:02:32,840 --> 00:02:35,000 Speaker 3: eye on the bank and its stock, and they said 48 00:02:35,000 --> 00:02:37,320 Speaker 3: if it gets to a level that is attractive, it 49 00:02:37,360 --> 00:02:40,320 Speaker 3: may move on that. Nevertheless, shares of Jeffries still up 50 00:02:40,320 --> 00:02:41,480 Speaker 3: here about nine percent. 51 00:02:41,960 --> 00:02:44,120 Speaker 2: De Matimo owns about four point five percent of the 52 00:02:44,120 --> 00:02:45,320 Speaker 2: company already, Tom. 53 00:02:45,160 --> 00:02:49,880 Speaker 1: Is it private credit based? I mean Jeffries gossip around Jeffries? 54 00:02:49,919 --> 00:02:50,280 Speaker 1: I don't know. 55 00:02:50,360 --> 00:02:51,919 Speaker 3: Now you know what it was. It was hit because 56 00:02:51,960 --> 00:02:56,040 Speaker 3: it had exposure to first brands YEP and market financial. 57 00:02:56,080 --> 00:02:57,160 Speaker 1: Someonet private credit. 58 00:02:57,320 --> 00:02:58,160 Speaker 3: Right, that's true. 59 00:02:58,200 --> 00:03:01,160 Speaker 1: So it's like a death story. Yeah, we been here before. 60 00:03:01,919 --> 00:03:05,959 Speaker 2: Hey, exactly exactly. It's another isolated incident. 61 00:03:05,960 --> 00:03:09,840 Speaker 1: I don't know, Yeah, very isolated. Isolate to another stock. 62 00:03:10,040 --> 00:03:13,440 Speaker 3: All right, let's move over to Netgear. Interesting here, the 63 00:03:13,480 --> 00:03:17,200 Speaker 3: stock is up eleven percent. The FCC overnight issued and 64 00:03:17,360 --> 00:03:21,240 Speaker 3: order banning consumer grade routers, which basically means you know 65 00:03:21,360 --> 00:03:24,440 Speaker 3: routers in your home and mind are produced in foreign countries. 66 00:03:24,480 --> 00:03:28,079 Speaker 3: They cite a threat to national security and consumer safety. 67 00:03:28,400 --> 00:03:31,120 Speaker 3: But a beneficiary here would be Netgear because the company 68 00:03:31,120 --> 00:03:35,320 Speaker 3: doesn't makes its routers in China. It has a transparent 69 00:03:35,400 --> 00:03:38,720 Speaker 3: supply chain, it says, so it would make approval sort 70 00:03:38,760 --> 00:03:39,520 Speaker 3: of conditional. 71 00:03:40,600 --> 00:03:44,600 Speaker 2: The Stock Movers report from Bloomberg Radio. 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