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 00:00:17,239 --> 00:00:20,160 Speaker 1: Stock's on the Move. I'm Charlie Palot joining us now 5 00:00:20,200 --> 00:00:24,799 Speaker 1: Bloomberg Equities reporter Natalia Kenivachevich, who is here to discuss 6 00:00:24,840 --> 00:00:27,440 Speaker 1: a number of stocks that are moving. And I do 7 00:00:27,560 --> 00:00:30,680 Speaker 1: want to begin with the gift that keeps on giving, Natalia, 8 00:00:30,720 --> 00:00:34,360 Speaker 1: that is WBD Warner Brothers Discovery. What's happening with the 9 00:00:34,479 --> 00:00:36,280 Speaker 1: stock today, Charlie. 10 00:00:36,320 --> 00:00:39,279 Speaker 3: So, the stock is down by one point four percent 11 00:00:39,360 --> 00:00:43,160 Speaker 3: to day after reports from The New York Post saying 12 00:00:43,200 --> 00:00:46,720 Speaker 3: that Paramount Skuidance could walk away from its thirty per 13 00:00:46,800 --> 00:00:50,000 Speaker 3: sure cash bit and instead it could litigate against the 14 00:00:50,000 --> 00:00:54,960 Speaker 3: company's board for how it handled the process. People inside 15 00:00:55,000 --> 00:00:59,520 Speaker 3: Paramount Skuidance told The New York Post that they want 16 00:00:59,520 --> 00:01:03,600 Speaker 3: allergy that directors and management ignored their six to all 17 00:01:03,680 --> 00:01:08,560 Speaker 3: cash offer for the company and actually favored Netflix's cash 18 00:01:08,560 --> 00:01:12,679 Speaker 3: stock bits throughout the bidding process. But as of now, 19 00:01:12,720 --> 00:01:15,240 Speaker 3: we are still waiting, and we have time until late 20 00:01:15,319 --> 00:01:19,000 Speaker 3: January until investors would make a decision. 21 00:01:19,280 --> 00:01:22,160 Speaker 1: And what I read between the lines on this as well. 22 00:01:22,319 --> 00:01:24,760 Speaker 1: We've got a weekend coming up for a lot of people. 23 00:01:25,040 --> 00:01:27,279 Speaker 1: I'm betting that the bankers are going to be working 24 00:01:27,319 --> 00:01:29,920 Speaker 1: over the weekend for any developments come Monday. 25 00:01:30,840 --> 00:01:34,320 Speaker 3: Absolutely, I'm sure that next week we hear more news 26 00:01:34,360 --> 00:01:35,479 Speaker 3: on this potential deal. 27 00:01:35,840 --> 00:01:39,640 Speaker 1: So switching gears now from Warner Brothers Discovery over to 28 00:01:40,280 --> 00:01:45,679 Speaker 1: Sable Offshore. Sooc on the ticker. What's going on with Sable? 29 00:01:46,400 --> 00:01:50,760 Speaker 3: So we have this news development. So on December twenty third, 30 00:01:51,080 --> 00:01:55,680 Speaker 3: the stock jumped by almost thirty seven percent after US 31 00:01:55,760 --> 00:01:59,560 Speaker 3: regulators issued an emergency special permit for a part of 32 00:01:59,600 --> 00:02:03,480 Speaker 3: that can tested California pipeline, which would pave the way 33 00:02:03,560 --> 00:02:08,480 Speaker 3: for Sable Offshore to begin pumping crude at its offshore 34 00:02:08,680 --> 00:02:12,840 Speaker 3: oil rigs. But today we got news that Environmental Defense 35 00:02:13,000 --> 00:02:17,080 Speaker 3: Center and Center for Biological Diversity filed an emergency motion 36 00:02:17,320 --> 00:02:22,920 Speaker 3: to hold the restart of this contested California pipeline. Environmental 37 00:02:22,960 --> 00:02:26,880 Speaker 3: groups are saying that restarting the pipeline would invite invite 38 00:02:26,960 --> 00:02:30,760 Speaker 3: another oil disaster on the Central Coast. So that is 39 00:02:30,760 --> 00:02:34,560 Speaker 3: why the stock is done by almost thirteen percent today. 40 00:02:34,639 --> 00:02:37,880 Speaker 3: And again this is still in process and we may 41 00:02:38,080 --> 00:02:41,720 Speaker 3: hear more news maybe early next year or maybe even 42 00:02:41,760 --> 00:02:42,320 Speaker 3: next week. 43 00:02:42,560 --> 00:02:45,400 Speaker 1: So we switch gears now from Sable Offshore, one of 44 00:02:45,440 --> 00:02:49,160 Speaker 1: two downstocks today, over to a retailer that is moving 45 00:02:49,240 --> 00:02:52,560 Speaker 1: higher and that is Target. What's going on there right? 46 00:02:52,600 --> 00:02:57,680 Speaker 3: So the Target TGT shares are up by two point 47 00:02:57,840 --> 00:03:02,400 Speaker 3: seven percent today after Findial Times reported that an activist 48 00:03:02,480 --> 00:03:06,280 Speaker 3: investor built a stake in the big box retailer. They, 49 00:03:06,360 --> 00:03:09,600 Speaker 3: citing people familiar with the matter, the ft said that 50 00:03:09,880 --> 00:03:13,800 Speaker 3: Tom's Capital Investment Management made a significant investment in Target 51 00:03:14,080 --> 00:03:18,519 Speaker 3: without disclosing any details in response to this request for 52 00:03:18,560 --> 00:03:21,480 Speaker 3: a common target set, that it maintains quote a regular 53 00:03:21,600 --> 00:03:25,320 Speaker 3: dialogue with investment community and it has a priority to 54 00:03:25,360 --> 00:03:29,280 Speaker 3: get back to growth anyway. Despite this game, today we 55 00:03:29,320 --> 00:03:32,720 Speaker 3: see that the stock is down by almost thirty percent 56 00:03:32,800 --> 00:03:34,679 Speaker 3: on a year today basis. 57 00:03:35,920 --> 00:03:39,920 Speaker 2: The stock Mover's report from Bloomberg Radio. Check back with 58 00:03:40,000 --> 00:03:42,600 Speaker 2: us throughout the day for the latest roundup of companies 59 00:03:42,680 --> 00:03:45,760 Speaker 2: making news on Wall Street and for the latest market 60 00:03:45,800 --> 00:03:50,280 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 61 00:03:50,360 --> 00:03:53,840 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 62 00:03:53,920 --> 00:03:55,400 Speaker 2: the Bloomberg Business app.