Speaker 1: Bloomberg Audio Studios, podcasts, radio news, the Stock Movers Report,
Speaker 1: your roundup of companies making moves in the stock market,
Speaker 1: harnessing the power of Bloomberg Data.
Speaker 2: Were you going to do Medline? Did we step on
Speaker 2: your act? No?
Speaker 1: You did not.
Speaker 2: Yes, it's a podcast.
Speaker 3: We're going with Netflix, Paramounts Guide Ance, Warner Brother's Discovery.
Speaker 3: We're in kind of all three. So yeah, Warner Brothers
Speaker 3: Discovery right now apparently advising its shareholders to reject that
Speaker 3: hostile takeover bid by paramount Skuidances. So then in favor
Speaker 3: of that original agreement with Netflix. They're calling it the
Speaker 3: Paramount offer inferior. They're saying it's inadequate. Paramounts has been
Speaker 3: appealing directly to the Warner Brothers shareholders to buy the
Speaker 3: entire company, Warner Brothers Board and Greek to sell streaming
Speaker 3: studios business to Netflix. But it's this whole so ure
Speaker 3: So is the Middle East step.
Speaker 2: Up with the Ellosons? Is that what we're talking about.
Speaker 4: I were advising Warner Brothers Discovery, I would say I
Speaker 4: think I prefer the Netflix deal simply because I have
Speaker 4: greater confidence in the equity component. For the equity component
Speaker 4: for paramount. I've got mister Ellison saying trust me, okay,
Speaker 4: I can trust You're the richest guy either order one
Speaker 4: of the richest guys. I've got a lot of Mid
Speaker 4: East money. I'm not sure if I like that. But
Speaker 4: the pro form of companies can have a ton of
Speaker 4: debt on it, and that's a problem as an ongoing concern.
Speaker 4: So again I can see I can understand why the
Speaker 4: Warner Brothers advisors and are saying, hey, let's stick with
Speaker 4: Netflix and.
Speaker 2: The valuation of versut off of Brian robertson Comcast. You
Speaker 2: mentioned this the other day. You and I were weaned
Speaker 2: on eleven and fourteen times ebadah. Yeah, and this puppy's
Speaker 2: going for five times ebada.
Speaker 4: If that Yep, exactly right, tom. So, the evaluations of
Speaker 4: cable networks have really just fallen off the table, and
Speaker 4: it's really a business that has declining, right, although I
Speaker 4: saw last month cable subscriptions actually ticked up positive right
Speaker 4: last month for the first time in years, And what's great,
Speaker 4: thank you football.
Speaker 1: Yes, you're probably right.
Speaker 2: I used to sit in them back. They were embarrassed
Speaker 2: by me, and mister Mays used to call upon me
Speaker 2: first with this cowboy head out, Tom, what do you
Speaker 2: think next?
Speaker 3: You got it? Let's go to Frontier Group, okay u LCC.
Speaker 3: Their share has been up as much as seven percent.
Speaker 3: So there's news that the airline is in. These revived
Speaker 3: talks emerge back with Spirit Aviation bankrupt you know, Spirit
Speaker 3: so file for second bankruptcy in less than a year
Speaker 3: in August. So they say a deal could be announced
Speaker 3: as soon as this month. We'll see Spirit's not commenting.
Speaker 3: Frontier has not comment Jet.
Speaker 2: Blue and that blew up correct, See.
Speaker 4: What I just think. I don't know how the regulators
Speaker 4: would not support I mean you let these do companies
Speaker 4: come together, or any of them come together.
Speaker 2: Right right?
Speaker 3: And they're saying if they do, if you do get
Speaker 3: this combined Spirit Frontier, they could become the fifth largest
Speaker 3: airline in the US based on like miles flown by
Speaker 3: you know, by passenger paying passengers. And that moves it
Speaker 3: ahead of Jet Blue, moves ahead of Alaska air Group.
Speaker 3: So it kind of puts the Spirit Airlines on this.
Speaker 4: They cover the markets that the big don't want to cover,
Speaker 4: so the small markets.
Speaker 3: And you got a different client, tell exactly you got.
Speaker 4: To protect those things.
Speaker 2: I know but this goes back to the heart of it,
Speaker 2: Paul your you know, different cities around the country they
Speaker 2: don't have three airports. Yeah, I mean it's a big deal.
Speaker 2: It's not as smallsher. Can you squeeze one.
Speaker 3: More, I'll squeeze and we'll get to the housing market.
Speaker 3: Let's do it. Home builder Leonard l e N down
Speaker 3: more than five percent, so they forecast first quarter orders, deliveries,
Speaker 3: margins all below expectations. They also posted lower than expected
Speaker 3: orders and margins for Q four and that's despite you know,
Speaker 3: they were doing incentives, mortgage rate buydowns, you know, pushing
Speaker 3: home deliveries up four percent. Average sales prices fell. It
Speaker 3: also reduced it starts and salespace as part of this
Speaker 3: recent strategy shift. But it's also dragging down you know,
Speaker 3: companies like Dr Horton, Halti Group, Pole Brothers. Their shares
Speaker 3: are all down about one percent this morning.
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