WEBVTT - Warner Bros. Discovery Slips, Sable Offshore Falls, Target Jumps

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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>Stock's on the Move. I'm Charlie Palot joining us now

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<v Speaker 1>Bloomberg Equities reporter Natalia Kenivachevich, who is here to discuss

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<v Speaker 1>a number of stocks that are moving. And I do

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<v Speaker 1>want to begin with the gift that keeps on giving, Natalia,

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<v Speaker 1>that is WBD Warner Brothers Discovery. What's happening with the

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<v Speaker 1>stock today, Charlie.

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<v Speaker 3>So, the stock is down by one point four percent

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<v Speaker 3>to day after reports from The New York Post saying

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<v Speaker 3>that Paramount Skuidance could walk away from its thirty per

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<v Speaker 3>sure cash bit and instead it could litigate against the

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<v Speaker 3>company's board for how it handled the process. People inside

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<v Speaker 3>Paramount Skuidance told The New York Post that they want

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<v Speaker 3>allergy that directors and management ignored their six to all

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<v Speaker 3>cash offer for the company and actually favored Netflix's cash

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<v Speaker 3>stock bits throughout the bidding process. But as of now,

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<v Speaker 3>we are still waiting, and we have time until late

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<v Speaker 3>January until investors would make a decision.

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<v Speaker 1>And what I read between the lines on this as well.

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<v Speaker 1>We've got a weekend coming up for a lot of people.

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<v Speaker 1>I'm betting that the bankers are going to be working

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<v Speaker 1>over the weekend for any developments come Monday.

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<v Speaker 3>Absolutely, I'm sure that next week we hear more news

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<v Speaker 3>on this potential deal.

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<v Speaker 1>So switching gears now from Warner Brothers Discovery over to

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<v Speaker 1>Sable Offshore. Sooc on the ticker. What's going on with Sable?

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<v Speaker 3>So we have this news development. So on December twenty third,

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<v Speaker 3>the stock jumped by almost thirty seven percent after US

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<v Speaker 3>regulators issued an emergency special permit for a part of

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<v Speaker 3>that can tested California pipeline, which would pave the way

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<v Speaker 3>for Sable Offshore to begin pumping crude at its offshore

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<v Speaker 3>oil rigs. But today we got news that Environmental Defense

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<v Speaker 3>Center and Center for Biological Diversity filed an emergency motion

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<v Speaker 3>to hold the restart of this contested California pipeline. Environmental

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<v Speaker 3>groups are saying that restarting the pipeline would invite invite

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<v Speaker 3>another oil disaster on the Central Coast. So that is

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<v Speaker 3>why the stock is done by almost thirteen percent today.

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<v Speaker 3>And again this is still in process and we may

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<v Speaker 3>hear more news maybe early next year or maybe even

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<v Speaker 3>next week.

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<v Speaker 1>So we switch gears now from Sable Offshore, one of

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<v Speaker 1>two downstocks today, over to a retailer that is moving

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<v Speaker 1>higher and that is Target. What's going on there right?

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<v Speaker 3>So the Target TGT shares are up by two point

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<v Speaker 3>seven percent today after Findial Times reported that an activist

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<v Speaker 3>investor built a stake in the big box retailer. They,

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<v Speaker 3>citing people familiar with the matter, the ft said that

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<v Speaker 3>Tom's Capital Investment Management made a significant investment in Target

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<v Speaker 3>without disclosing any details in response to this request for

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<v Speaker 3>a common target set, that it maintains quote a regular

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<v Speaker 3>dialogue with investment community and it has a priority to

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<v Speaker 3>get back to growth anyway. Despite this game, today we

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<v Speaker 3>see that the stock is down by almost thirty percent

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<v Speaker 3>on a year today basis.

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