1 00:00:02,520 --> 00:00:09,040 Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The. 2 00:00:08,880 --> 00:00:13,160 Speaker 2: Stock Movers podcast, your roundup of companies making moves in 3 00:00:13,200 --> 00:00:16,480 Speaker 2: the stock market, harnessing the power of Bloomberg Data. 4 00:00:17,400 --> 00:00:18,759 Speaker 3: If you want to look at some of the stocks 5 00:00:18,800 --> 00:00:20,800 Speaker 3: on the move, I'm Alex Deal with Paul Sweeney. We're 6 00:00:20,880 --> 00:00:23,840 Speaker 3: joined now by Nita Zakova. Let's start with United and 7 00:00:23,920 --> 00:00:27,720 Speaker 3: Jet Blue. This I felt was a fascinating deal. Deal 8 00:00:27,840 --> 00:00:29,160 Speaker 3: is a loose term. 9 00:00:29,160 --> 00:00:32,199 Speaker 1: Yeah, but I think it's definitely fascinating development. We know 10 00:00:32,240 --> 00:00:34,400 Speaker 1: there has been a lot of chaos for everyone who 11 00:00:34,400 --> 00:00:36,800 Speaker 1: has taken a flight from New York in the last 12 00:00:36,800 --> 00:00:39,800 Speaker 1: few weeks, but those companies agree to a partnership that 13 00:00:39,840 --> 00:00:43,000 Speaker 1: will allow travelers to use their loyalty points and book 14 00:00:43,000 --> 00:00:46,280 Speaker 1: flights across the two carriers. It's an interesting thing where 15 00:00:47,040 --> 00:00:50,239 Speaker 1: United we'll have more exposure to JFK flights, which we 16 00:00:50,320 --> 00:00:52,760 Speaker 1: know lately it's been a big issue, right there has 17 00:00:52,800 --> 00:00:54,639 Speaker 1: been a lot of delays in New York's, a lot 18 00:00:54,680 --> 00:00:56,640 Speaker 1: of cancelations. But at the same time, this would be 19 00:00:56,680 --> 00:00:59,600 Speaker 1: a big boost to Jet Blue as well. So far, 20 00:00:59,640 --> 00:01:02,360 Speaker 1: the reaction we're seeing a big reaction in United. United 21 00:01:02,440 --> 00:01:04,959 Speaker 1: is about three percent. Jet Blue is pretty much flat, 22 00:01:05,000 --> 00:01:08,039 Speaker 1: although in earlier trading we saw some excitement there as well, 23 00:01:08,760 --> 00:01:10,280 Speaker 1: but we know it's been a rough start of the 24 00:01:10,319 --> 00:01:13,560 Speaker 1: year for the airlines. Those two particular names were down 25 00:01:13,600 --> 00:01:18,360 Speaker 1: at least twenty percent heading into those news and the 26 00:01:18,400 --> 00:01:24,679 Speaker 1: agreement for fuels. The desire of United CEO to kind 27 00:01:24,680 --> 00:01:28,720 Speaker 1: of help in those difficult times with air control in 28 00:01:28,840 --> 00:01:31,640 Speaker 1: New York. That's kind of spreading in other airports as well. 29 00:01:31,840 --> 00:01:34,479 Speaker 1: Some elements of the venture could begin as early as 30 00:01:34,480 --> 00:01:37,760 Speaker 1: this fall, so maybe very soon we'll be able to 31 00:01:37,840 --> 00:01:41,080 Speaker 1: book flights from one company to the other. They're merging 32 00:01:41,080 --> 00:01:44,399 Speaker 1: their apps and like working together to the. 33 00:01:44,360 --> 00:01:46,280 Speaker 3: First thing I thought I might as headline was Oh, 34 00:01:46,280 --> 00:01:48,320 Speaker 3: Paul's going to be so happy because now we can 35 00:01:48,440 --> 00:01:49,880 Speaker 3: use those miles to go to Aruba. 36 00:01:50,200 --> 00:01:52,640 Speaker 1: Oh wow, is not how you do Jet Blue? 37 00:01:54,360 --> 00:01:56,880 Speaker 3: You still do United. I haven't flown. I don't think 38 00:01:56,920 --> 00:01:59,480 Speaker 3: I've flown on Jet Blue, but now maybe I will. 39 00:02:00,240 --> 00:02:02,240 Speaker 3: Only well, it's also times easier and better flights. 40 00:02:03,320 --> 00:02:05,320 Speaker 1: I just want the runway to be opened up. 41 00:02:05,520 --> 00:02:10,000 Speaker 2: We need that. Second, I do not know. 42 00:02:10,040 --> 00:02:15,680 Speaker 1: What beauty we have face well, it's interesting, so all 43 00:02:15,760 --> 00:02:18,600 Speaker 1: beauty is kind of a more affordable cosmetics brand, and 44 00:02:18,639 --> 00:02:22,720 Speaker 1: they're acquiling Hailey Bieber's Road Beauty brund for one billion. 45 00:02:23,040 --> 00:02:28,239 Speaker 1: So the beauty brand has it's very famous for lipsticks, uh, 46 00:02:28,520 --> 00:02:32,919 Speaker 1: pocket blush and everything lip treatments. It's a little bit 47 00:02:33,040 --> 00:02:35,959 Speaker 1: more expensive than what you would expect from Elf Beauty. 48 00:02:36,040 --> 00:02:38,560 Speaker 1: I think if you go by lip Bomb, it's something 49 00:02:38,560 --> 00:02:41,720 Speaker 1: in the ranks of like eighteen dollars. Elf Cosmetics is 50 00:02:41,760 --> 00:02:44,639 Speaker 1: a little bit cheaper. But obviously this brand has been 51 00:02:45,280 --> 00:02:47,880 Speaker 1: very popular in social media. We've seen quite a few 52 00:02:47,919 --> 00:02:51,760 Speaker 1: success stories of all those celebrities influencers turning a brand 53 00:02:51,800 --> 00:02:54,880 Speaker 1: into like a billion dollars girls. So yeah, of course, 54 00:02:56,919 --> 00:02:59,840 Speaker 1: model she's a monet from the Boulden family and she 55 00:03:00,080 --> 00:03:03,000 Speaker 1: is the wife of Justin Bieber, hence the certain he 56 00:03:03,200 --> 00:03:03,640 Speaker 1: is a model. 57 00:03:03,720 --> 00:03:06,160 Speaker 3: And you're seeing a lot of stars, okay, like make 58 00:03:06,200 --> 00:03:08,320 Speaker 3: their own brand now, and some of them are actually 59 00:03:09,280 --> 00:03:13,920 Speaker 3: really good. I'm obsessed with Lady Gaga's it's a real foundation. Yeah, 60 00:03:13,960 --> 00:03:16,560 Speaker 3: it's really good. I know. Anyway, we're really in the 61 00:03:16,600 --> 00:03:20,000 Speaker 3: right right now. Always invest but in your pace. 62 00:03:20,320 --> 00:03:22,880 Speaker 1: Yeah, there is a whole industry there, all right, give 63 00:03:22,919 --> 00:03:26,040 Speaker 1: me something else. Yeah, let's talk about older brands like 64 00:03:26,160 --> 00:03:31,760 Speaker 1: oh yes, it reported better than expected comparable sales, a 65 00:03:31,840 --> 00:03:34,560 Speaker 1: positive sign. It's been obviously, there have been so many 66 00:03:34,600 --> 00:03:38,480 Speaker 1: news about these companies that are not connected with fundamentals 67 00:03:38,560 --> 00:03:40,760 Speaker 1: or the macro or you know all those things. The 68 00:03:40,800 --> 00:03:47,640 Speaker 1: stock is up eleven percent today, really big jump. Before that, 69 00:03:47,680 --> 00:03:51,320 Speaker 1: it was down about forty percent year to date. Of course, 70 00:03:51,320 --> 00:03:54,040 Speaker 1: we had this dramatic exit of the CEO just a 71 00:03:54,080 --> 00:03:57,640 Speaker 1: few weeks ago because of directing millions of doors to 72 00:03:58,600 --> 00:04:01,120 Speaker 1: a business to a person with whom he had personal relationship. 73 00:04:01,320 --> 00:04:04,760 Speaker 1: This has been the fourth CEO that Coles had since 74 00:04:04,800 --> 00:04:07,600 Speaker 1: twenty eighteen. A lot of tumults, but some relief today 75 00:04:07,920 --> 00:04:08,760 Speaker 1: based on earnings. 76 00:04:09,840 --> 00:04:14,000 Speaker 2: The Stock Movers podcast from Bloomberg Radio. Check back with 77 00:04:14,080 --> 00:04:16,839 Speaker 2: us throughout the day for the latest roundup of companies 78 00:04:16,880 --> 00:04:19,920 Speaker 2: making news on Wall Street and for the latest market 79 00:04:19,960 --> 00:04:24,280 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 80 00:04:24,360 --> 00:04:27,599 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 81 00:04:27,680 --> 00:04:29,159 Speaker 2: the Bloomberg Business app.