WEBVTT - BJ's Wholesale Reports; Tiger Brokers Drops; Estee Lauder Climbs

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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 1>Let's take a look at some stocks on the move today.

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<v Speaker 1>I'm Nathan Hager, joined by Bloomberg's a ber abu Omar.

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<v Speaker 1>As we wind down earning season, We've got some results

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<v Speaker 1>to talk about this morning from Bjay's Wholesale. What do

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<v Speaker 1>we get a beer?

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<v Speaker 3>Good morning, Good morning, Nathan. So look, let me just

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<v Speaker 3>run you through some of the numbers. Earnings just hit.

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<v Speaker 3>The stock is not doing much in the pre trade.

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<v Speaker 3>Just cidy EPs came in at one point one dollars,

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<v Speaker 3>that is versus one point one for you on you

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<v Speaker 3>year on year. The estimate was around one dollar, so

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<v Speaker 3>a slight beat. Their revenue was about five five point

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<v Speaker 3>seven billion dollars, an increase of about ten percent on

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<v Speaker 3>an annual basis, and the estimate was five point four

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<v Speaker 3>so a beat there as well. So for next year

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<v Speaker 3>they see kapis at around eight hundred million dollars. Kapix

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<v Speaker 3>is a big theme this year in the SMP, and

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<v Speaker 3>this is what they reported, reflecting a continued investment in

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<v Speaker 3>new club openings, but also enhancements across distribution networks, including

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<v Speaker 3>the Ambient distribution center. And then essentially what they see

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<v Speaker 3>for twenty twenty seven is that comparable club sales excluding

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<v Speaker 3>gasoline is going to rise two to three percent, and

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<v Speaker 3>the estimate was just between that two point five percent.

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<v Speaker 1>Okay, So we'll keep an eye on that stock as

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<v Speaker 1>we wait for earnings from one of its competitors, Costco

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<v Speaker 1>next week. In the meantime, another stock traded in the

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<v Speaker 1>US is making some news out of China. What's going

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<v Speaker 1>on with Tiger Brokers.

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<v Speaker 3>Yeah, so, look, I mean the stock is falling massively

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<v Speaker 3>in the pre trade, the ADRs thirty five percent down,

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<v Speaker 3>and that is because the Chinese regulator, the CSRC, is

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<v Speaker 3>planning to confiscate all illegal gains obtained by Tiger Brokers.

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<v Speaker 3>That is a funding that came out today. No value

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<v Speaker 3>was given to how much they are trying to confiscate,

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<v Speaker 3>but essentially it is doing that to three brokerages that

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<v Speaker 3>provided securities related services in China. So the stock is

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<v Speaker 3>moving massively down on that news. It declined as much

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<v Speaker 3>as forty seven percent in the pre trade. In the

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<v Speaker 3>pre market, trading. It paired some of those losses, but

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<v Speaker 3>again the ADRs are falling thirty five percent, So obviously

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<v Speaker 3>investors looking at this news. A hot headline flashed the

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<v Speaker 3>Bloomberg terminal, and it's not just Tiger Brokers, it's also

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<v Speaker 3>Futu and a long Bridge Nathan that are suffering because

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<v Speaker 3>of this news this morning.

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<v Speaker 1>Well, stock that's moving massively higher is Esday Lauder. What's

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<v Speaker 1>going on with the beauty brand?

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<v Speaker 3>Yeah, so this is a two sided story, right, it's

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<v Speaker 3>Essay Lauder, but also Push. It was they were in

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<v Speaker 3>talks for a merger. News came out this morning that

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<v Speaker 3>that is no longer happening. So you have Push in

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<v Speaker 3>Spain that is plunging on the collapse of those proposed

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<v Speaker 3>combined or the proposed combination with Essay Lauder, that is

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<v Speaker 3>moving about ten percent higher in Europe this morning. If

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<v Speaker 3>they had merged, they would have created one of the

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<v Speaker 3>world's largest fragrance and skincare companies, but those stocks had

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<v Speaker 3>fallen essentially because of makeup artists Charlotte Tilbrie demanding more

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<v Speaker 3>regarding her compensation in the deal. This is Bloomberg reported,

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<v Speaker 3>citing some sources, both companies had separately issued statement earlier

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<v Speaker 3>saying that discussions were over on Thursday, but neither of

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<v Speaker 3>them elaborated on the reason. But again, as I mentioned,

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<v Speaker 3>our sources tellers these were due to Charlotte Tilbree's demands

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<v Speaker 3>regarding her payout.

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<v Speaker 2>The stock Movers report from Bloomberg Radio. Check back with

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