Speaker 1: Bloomberg Audio Studios, podcasts, radio news.
Speaker 2: The Stock Mover's Report, your roundup of companies making moves
Speaker 2: in the stock market, harnessing the power of Bloomberg data.
Speaker 1: Let's take a look at some stocks on the move today.
Speaker 1: Here's Alexis Christopher's.
Speaker 3: All right, I want to start with a Fragrance deal.
Speaker 3: Possible Fragrance deal. So Este Lauder considering of buying Spain's
Speaker 3: pooch brands. Now, just you know, it's like it's strange,
Speaker 3: it's spelled p U. I G okay, I'm with.
Speaker 2: It.
Speaker 1: That's there's a very famous music mixer who makes compressors
Speaker 1: and things we say tweak.
Speaker 3: I like, well, I like that better. But apparently it's
Speaker 3: it's Catalan from space and are off. Now there you go,
Speaker 3: all right, So there mixed results. Here are mixed opinions
Speaker 3: about this possible deal on Wall Street. So the acquisition
Speaker 3: would add fragrances like Caroline her arraraband to esday Latter's portfolio.
Speaker 3: But TD Cowan's out with a note this morning, Actually, Tom,
Speaker 3: thank you for sending this. Bring this to my attention.
Speaker 3: They're out with some key considerations here. They say it
Speaker 3: would create a company approximately twenty billion dollars in revenue,
Speaker 3: meaningfully rebalanced geographic and product mix, which I think just
Speaker 3: means they're going to have a larger reach right supply
Speaker 3: chain and revenue synergies. But they said it's sort of
Speaker 3: like booking the DJ before fixing the venue.
Speaker 1: Oh I like that, right, But you need to understand
Speaker 1: you got to welcome to surveillance. It has nothing to
Speaker 1: do with me. Oliver Chen emailed me and said, hey, stupid,
Speaker 1: give this to Alexis christopherus Oliver, thank you.
Speaker 3: For that, Thank you, Oliver. And also there are concerns
Speaker 3: out there that you know, Esday Lauder's got a CEO
Speaker 3: who's trying to turn things around.
Speaker 1: There just say we don't care. What does Alexis Christophers
Speaker 1: think about the busting of this brand Esday Lauder. Yeah,
Speaker 1: and now they're trying to keep it going.
Speaker 3: I mean Wall Street it's not loving it because Esday
Speaker 3: Latter's stock is under pressure. But Brooch is up twenty
Speaker 3: one percent year to date, up about fifteen percent today.
Speaker 3: So there you go. See if it happens all right, Jeffries,
Speaker 3: there is some breaking news here, or I'll call it
Speaker 3: sort of updated news on Jeffries So remember the Financial
Speaker 3: Times had said that the Japanese bank Sumi Tomo's Mittsui
Speaker 3: was considering buying Jeffries Financial Group. Well, now Sumi Tomo
Speaker 3: is out saying it has no immediate plan to take
Speaker 3: over Jeffries and that it is not engaged in talks
Speaker 3: with the Wall Street lender, but it is keeping an
Speaker 3: eye on the bank and its stock, and they said
Speaker 3: if it gets to a level that is attractive, it
Speaker 3: may move on that. Nevertheless, shares of Jeffries still up
Speaker 3: here about nine percent.
Speaker 2: De Matimo owns about four point five percent of the
Speaker 2: company already, Tom.
Speaker 1: Is it private credit based? I mean Jeffries gossip around Jeffries?
Speaker 1: I don't know.
Speaker 3: Now you know what it was. It was hit because
Speaker 3: it had exposure to first brands YEP and market financial.
Speaker 1: Someonet private credit.
Speaker 3: Right, that's true.
Speaker 1: So it's like a death story. Yeah, we been here before.
Speaker 2: Hey, exactly exactly. It's another isolated incident.
Speaker 1: I don't know, Yeah, very isolated. Isolate to another stock.
Speaker 3: All right, let's move over to Netgear. Interesting here, the
Speaker 3: stock is up eleven percent. The FCC overnight issued and
Speaker 3: order banning consumer grade routers, which basically means you know
Speaker 3: routers in your home and mind are produced in foreign countries.
Speaker 3: They cite a threat to national security and consumer safety.
Speaker 3: But a beneficiary here would be Netgear because the company
Speaker 3: doesn't makes its routers in China. It has a transparent
Speaker 3: supply chain, it says, so it would make approval sort
Speaker 3: of conditional.
Speaker 2: The Stock Movers report from Bloomberg Radio. Check back with
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