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 Movers 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 00:00:16,200 --> 00:00:17,560 Speaker 3: Let's get a look at some of the stocks on 5 00:00:17,600 --> 00:00:19,040 Speaker 3: the move today. We can do that with Christina a 6 00:00:19,079 --> 00:00:21,600 Speaker 3: Quino from Bloomberg News. Christine, what are you looking at? 7 00:00:21,680 --> 00:00:24,400 Speaker 1: Well, Paul, I'm looking at Netflix this morning, so took 8 00:00:24,440 --> 00:00:28,040 Speaker 1: her NFLX. Those shares are slightly down today, down more 9 00:00:28,080 --> 00:00:31,360 Speaker 1: than one percent now, so just accelerating some of those 10 00:00:31,400 --> 00:00:33,879 Speaker 1: earlier declines. So the latest on that, of course, is 11 00:00:33,880 --> 00:00:38,120 Speaker 1: that we know that Netflix has apparently refinanced a fifty 12 00:00:38,240 --> 00:00:41,519 Speaker 1: nine billion dollar bridge loan with cheaper and longer term debt. 13 00:00:41,560 --> 00:00:43,760 Speaker 1: So this is part of its efforts to strengthen its 14 00:00:43,840 --> 00:00:46,360 Speaker 1: offer for Warner Brothers, right, because it is still at 15 00:00:46,479 --> 00:00:50,680 Speaker 1: least favored by Warner Brothers leadership as an acquirer. So 16 00:00:50,760 --> 00:00:54,120 Speaker 1: last week apparently Warner Brothers told the shareholders to reject 17 00:00:54,160 --> 00:00:57,960 Speaker 1: the paramount bid in favor of its original agreement with Netflix, 18 00:00:58,000 --> 00:01:01,960 Speaker 1: Warner Brothers saying that Paramounts offer is inferior and adequate, 19 00:01:02,160 --> 00:01:05,080 Speaker 1: and said the deal's financing was too risky. Now, of course, 20 00:01:05,080 --> 00:01:07,960 Speaker 1: the latest in Paramount, we know that Larry Elson is 21 00:01:08,040 --> 00:01:11,839 Speaker 1: stepping into the fray. He's personally guaranteeing about what forty 22 00:01:11,920 --> 00:01:15,080 Speaker 1: billion dollars equity financing for that offer. So we'll see 23 00:01:15,120 --> 00:01:17,840 Speaker 1: if Warner Rutters leadership changes its too, But it seems 24 00:01:17,880 --> 00:01:21,040 Speaker 1: like Netflix at the moment is the front runner still. 25 00:01:21,160 --> 00:01:22,920 Speaker 4: All right, Well, this is something that we know Warner 26 00:01:23,000 --> 00:01:26,360 Speaker 4: Brothers had been pushing for for a while, So it 27 00:01:26,440 --> 00:01:29,720 Speaker 4: looks like Paramount skuyd Dance submitting to that M and 28 00:01:29,760 --> 00:01:32,960 Speaker 4: a Monday, Christine, So there's some news on the deals front. 29 00:01:32,800 --> 00:01:35,240 Speaker 1: Exactly, Scarlett. Just because it's the second to last money 30 00:01:35,280 --> 00:01:36,720 Speaker 1: of the year does not mean A M and a 31 00:01:36,880 --> 00:01:40,720 Speaker 1: Monday stops today. It is Janis Henderson. So those shares 32 00:01:41,000 --> 00:01:44,399 Speaker 1: are up ticker JHD shares more than three percent, three 33 00:01:44,440 --> 00:01:47,840 Speaker 1: point four percent actually, so really accelerating those opening gains. 34 00:01:47,880 --> 00:01:50,400 Speaker 1: And the latest on that front is of course Janis 35 00:01:50,440 --> 00:01:53,280 Speaker 1: Henderson saying that it agreed to be acquired by try 36 00:01:53,280 --> 00:01:57,680 Speaker 1: and Fund Management of Nelson Pelt's fame and general Catalyst 37 00:01:57,720 --> 00:02:01,080 Speaker 1: for seven point four billion dollars in an all cash deal. 38 00:02:01,160 --> 00:02:03,960 Speaker 1: So that works out to be forty nine dollars per share. 39 00:02:04,200 --> 00:02:05,880 Speaker 1: So we know, of course that Try and this is 40 00:02:05,920 --> 00:02:10,400 Speaker 1: just the latest in their steps to overhaul Janis Henderson 41 00:02:10,480 --> 00:02:13,160 Speaker 1: essentially right, They've been an activist investor for about five years, 42 00:02:13,960 --> 00:02:18,640 Speaker 1: and we know that previously they moved to Alice. Previous 43 00:02:18,639 --> 00:02:21,680 Speaker 1: management pushed the fund to stop bleeding clients, and so 44 00:02:22,040 --> 00:02:24,400 Speaker 1: I suppose it makes sense in some way that they're 45 00:02:24,480 --> 00:02:28,400 Speaker 1: now moving to fully acquire the company. Trying does already 46 00:02:28,440 --> 00:02:31,080 Speaker 1: own about twenty percent of Janis Henderson's share, so you know, 47 00:02:31,400 --> 00:02:34,600 Speaker 1: it seems like a natural step, but investors clearly liking it, 48 00:02:34,680 --> 00:02:37,440 Speaker 1: the shares on more than three three point four percent. 49 00:02:37,440 --> 00:02:39,760 Speaker 3: As I mentioned, Janis was one of my favorite clients 50 00:02:39,760 --> 00:02:42,600 Speaker 3: back in the day out there in Denver, great great 51 00:02:42,600 --> 00:02:45,840 Speaker 3: commission generator. First Starbucks I ever went to was waiting 52 00:02:45,880 --> 00:02:47,960 Speaker 3: to go into a Janis meeting in Denver across the street. 53 00:02:47,960 --> 00:02:50,440 Speaker 3: I had no idea what Starbucks was, how to order, 54 00:02:50,639 --> 00:02:53,240 Speaker 3: what's a Moco? What's e vent date? No idea? 55 00:02:53,280 --> 00:02:54,119 Speaker 2: No one knows that show. 56 00:02:54,360 --> 00:02:55,440 Speaker 3: No, yeah, no one, I'm not. 57 00:02:55,720 --> 00:02:58,079 Speaker 1: I'm hoping you've worked out your starbars. 58 00:02:57,240 --> 00:02:58,720 Speaker 3: Ols, double short moke. I'm good there. 59 00:02:58,760 --> 00:03:01,640 Speaker 4: But you know that Janis Henders and as an firman 60 00:03:01,800 --> 00:03:04,200 Speaker 4: as the industry has changed so much since I'm sure 61 00:03:04,200 --> 00:03:04,840 Speaker 4: you visited that. 62 00:03:04,960 --> 00:03:07,880 Speaker 3: Yeah, they merged with Henderson. Henderson's was one of the 63 00:03:07,919 --> 00:03:10,520 Speaker 3: best money managers in the city of London. So but 64 00:03:10,720 --> 00:03:13,240 Speaker 3: both kind of growth at a reasonable price. That's kind 65 00:03:13,240 --> 00:03:14,560 Speaker 3: of their investment philosophy. 66 00:03:15,120 --> 00:03:19,080 Speaker 1: Numont numont so shares for Durk company very much on 67 00:03:19,360 --> 00:03:22,240 Speaker 1: the up today, so ticker n E. Those there's are 68 00:03:22,440 --> 00:03:25,640 Speaker 1: three point two percent, of course, very much benefiting from 69 00:03:25,800 --> 00:03:28,359 Speaker 1: the record highs in both gold and silver. Newmont, of 70 00:03:28,400 --> 00:03:32,040 Speaker 1: course is a minor dabbing and dabbling in both of 71 00:03:32,080 --> 00:03:35,240 Speaker 1: those metals today, and so we've seen both gold and 72 00:03:35,280 --> 00:03:38,280 Speaker 1: silver except for their best annual performance in what more 73 00:03:38,320 --> 00:03:41,760 Speaker 1: than four decades, so that's quite major and we're seeing 74 00:03:41,800 --> 00:03:44,800 Speaker 1: demand really coming from all sides here. We have investors 75 00:03:44,800 --> 00:03:47,560 Speaker 1: who are looking for haven's, looking to gold, looking to 76 00:03:47,640 --> 00:03:51,120 Speaker 1: silver as a way to just seek a little bit 77 00:03:51,120 --> 00:03:54,160 Speaker 1: of safety in these markets. But then we've also seen 78 00:03:54,360 --> 00:03:58,600 Speaker 1: both institutional investors ETF investors piling into this space as well, 79 00:03:59,480 --> 00:04:01,520 Speaker 1: you know, very reasons. I think it's a little bit 80 00:04:01,560 --> 00:04:05,880 Speaker 1: of diversification and ETF investors obviously seeing the rally that's 81 00:04:05,920 --> 00:04:08,280 Speaker 1: been very durable this year, wanting to get in on that. 82 00:04:08,480 --> 00:04:11,280 Speaker 1: So yeah, and bloomerg Intelligence weighing in on this as well, 83 00:04:11,360 --> 00:04:14,120 Speaker 1: saying that you know, they're looking at the premium for 84 00:04:14,440 --> 00:04:17,560 Speaker 1: Newmont shares versus its net asset value, so that's keeping 85 00:04:17,640 --> 00:04:21,240 Speaker 1: up with Agniko, which is the leader in that gold 86 00:04:21,320 --> 00:04:25,000 Speaker 1: mining space. Good operational performance, equitatory analyst. 87 00:04:25,760 --> 00:04:29,800 Speaker 2: The Stock Movers Report from Bloomberg Radio. Check back with 88 00:04:29,880 --> 00:04:32,479 Speaker 2: us throughout the day for the latest roundup of companies 89 00:04:32,520 --> 00:04:35,640 Speaker 2: making news on Wall Street and for the latest market 90 00:04:35,640 --> 00:04:40,120 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 91 00:04:40,200 --> 00:04:43,719 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 92 00:04:43,800 --> 00:04:45,279 Speaker 2: the Bloomberg Business app.