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Speaker 1: Bloomberg Audio Studios, podcasts, radio news.

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Speaker 2: The Stock Movers Report, your roundup of companies making moves

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Speaker 2: in the stock market, harnessing the power of Bloomberg Data.

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Speaker 3: Let's take a look at some stocks on the move today.

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Speaker 3: I'm Tom Keen with Paul Sweeney and Bloomberg's Lisa Mateo

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Speaker 3: without stock Movers. You got it, Okay.

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Speaker 4: Let's start with satellite TV company Echo Star. Their shares

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Speaker 4: have been up as much as eight percent, so sources

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Speaker 4: saying yes, it's in talks to sell some of their

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Speaker 4: wireless spectrum to Verizon Communications. Echo Star. They've been trying

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Speaker 4: to get out of bankruptcy right resolve this FCC investigation,

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Speaker 4: so they've been selling off, you know, rights of the airwaves.

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Speaker 4: Last month SpaceX, AT and T we've heard about and

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Speaker 4: AT CEO said they're going to consider parting with additional

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Speaker 4: wireless spectrum.

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Speaker 3: Two chairman and co founder Paul Brief is here yep.

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Speaker 3: And Charles William.

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Speaker 5: Ergan Charlie Ergan, satellite television pioneer kind of like John Malone,

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Speaker 5: investors will follow him.

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Speaker 3: Blind you Diversity of Tennessee.

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Speaker 5: Yeah, phenomenal money maker for shareholders except for the last

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Speaker 5: ten years, he bought a bunch of wireless spectrum and

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Speaker 5: either build a wireless network which nobody else needs in

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Speaker 5: this country, or you sell that spectrum to somebody else

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Speaker 5: and make a lot of money. He's now finally selling

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Speaker 5: that spectrum to someone else's making a lot of money. No,

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Speaker 5: but he's been, he's been in the market. The market's

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Speaker 5: forcing him to see.

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Speaker 1: Want to point out mister finally was a young kid

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Speaker 1: in the black when all this was a big deal.

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Speaker 3: Now age seventy two, please continue.

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Speaker 4: Stock movers, Yes, Spotify ticker spot Their share has been

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Speaker 4: down as much as four percent. The big reason why

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Speaker 4: is because they've had this change in leadership. It's founder

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Speaker 4: is going to step down as CEO next year, going

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Speaker 4: to move to executive chairman, and then he'll be replaced

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Speaker 4: by two new co chief executive officers. So you have

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Speaker 4: one guy, Gustav Saderstrom, he's the chief Product technology officer.

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Speaker 4: Then you have Alex Nordstrom, he's a chief business officer.

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Speaker 4: And they're starting January first. But Spotify has been going

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Speaker 4: through a couple of changes and they're just trying to

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Speaker 4: get things right, to make things for the customers. Increasing

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Speaker 4: their prices too I should.

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Speaker 3: Have listened to Afterthought. I'm like Afterthought, I'm untitled.

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Speaker 1: She goes, I want Spotify Paul from the bottom of covid,

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Speaker 1: the puppies from one hundred to seven hundred.

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Speaker 5: It's just extraordinary company, a great technology.

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Speaker 3: You on Spotify. No good morning to the Philippines.

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Speaker 1: I'm in Rome with a bunch of Philippines people and

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Speaker 1: that's how they listen to Bloomberg.

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Speaker 5: So the founder's like forty two and he's kind of

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Speaker 5: stucking down.

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Speaker 3: I don't know, all right, Okay, next year I do.

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Speaker 4: We have to get to beauty. Tom come on and

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Speaker 4: Cody shares up nearly three percent. They're beauty brands right,

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Speaker 4: like Cover Girl, Max Factor, Saley Hanson. They've been struggling

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Speaker 4: right to draw those shoppers in. So they're going to

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Speaker 4: bring this strategic review consumer beauty brands, reworking their portfolio right,

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Speaker 4: the cosmetic labels, refocusing on fragrances because actually fragrances is

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Speaker 4: their best thing. The only thing I want to make

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Speaker 4: across is that it does not include their higher end

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Speaker 4: beauty division, which is like Gucci, Fortalklin, like those type.

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Speaker 3: Of they're not part of it.

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Speaker 5: They're not part of it.

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Speaker 4: Yes, also Kylie Cosmetics, which I know my daughter is

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Speaker 4: very Yes.

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Speaker 5: Yes, Kyler boy.

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Speaker 1: So I'm looking at it, Paul, and there's no revenue growth.

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Speaker 1: I mean I got ten percent revenue growth in twenty

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Speaker 1: twenty four. Loss is to single digit. Now you bring

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Speaker 1: down to ebitdad to a merely mortal eighteen cents on

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Speaker 1: the dollar, and that income isn't happening. Nope, free cash

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Speaker 1: flow is sort of temped to south.

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Speaker 3: I mean, what do you do? Blow it up?

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Speaker 5: I don't know.

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Speaker 3: I thought this was a good business. So what do

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Speaker 3: you do? Stephi? You want to weigh in here? The

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Speaker 3: problem is you two wouldn't be caught dead behind a

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Speaker 3: Max Factor company.

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Speaker 4: Now that's a lot of them, you know, like in

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Speaker 4: the pharmacy stores. That's where you kind of find a

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Speaker 4: lot of them too. But no, the kids and myself,

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Speaker 4: I know, I go, I like the higher higher end

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Speaker 4: than that.

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Speaker 3: Yeah. Really cute.

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Speaker 5: Yeah, I wi is king invests in your face.

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Speaker 2: That's what they said this stock Mover's report from Bloomberg Radio.

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Speaker 2: Check back with us throughout the day for the latest

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Speaker 2: roundup of companies making news on Wall Street and for

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Speaker 2: the latest market moving headlines. Listen to Bloomberg Radio Live.

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