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: So there's like three stocks moving to day them all.
Speaker 2: I mean, you know, it's a chored today, it's a
Speaker 2: podcast and Alexis is up to the tasks stock movers,
Speaker 2: what do you have?
Speaker 3: It was a little challenging, but we found some good ones.
Speaker 3: So stay Lauder. This stock is now up today. Investors
Speaker 3: are applauding the collapse of merger talks with the Spanish
Speaker 3: beauty brand Pooch. And by the way, you do pronounce
Speaker 3: it pooch, even though it's spelled p u ig. Okay,
Speaker 3: it's up. Buzz so want her music business?
Speaker 2: He's Quig is a guy the guy that mixes records.
Speaker 3: Okay, well this is different pooch pooch. Yeah, so it's
Speaker 3: up eleven point six percent esday, Lauder. So this news
Speaker 3: is caught Wall Street by surprise because these two sides
Speaker 3: had been talking since March. They thought they were progressing
Speaker 3: towards a deal. It would have created one of the
Speaker 3: world's largest fragrance and skincare companies. Why did it fall apart.
Speaker 3: We don't know for sure. The two sides aren't saying,
Speaker 3: but Bloomberg is reporting that the makeup artist Charlotte Tilbury
Speaker 3: was demanding a certain compensation in this deal. That was
Speaker 3: one of the sticking points. Tilbury actually sold her brand
Speaker 3: to Pooch back in twenty twenty, but still has a
Speaker 3: you know, a bit of a stake in the company. So,
Speaker 3: now what happens to es Day Lauder, Well, the CEO
Speaker 3: there is left was still trying to revive the brand.
Speaker 3: It's reported three years of annual sales drops, so there
Speaker 3: are challenges ahead. But a lot of people on Wall
Speaker 3: Street didn't quite understand this deal. They didn't know how
Speaker 3: Esday Lauder would integrate, you know, Pooch's products.
Speaker 2: I mean, where do they fit in in you know,
Speaker 2: like across the street at Bloomingdale's. Where does Esday Lauder
Speaker 2: fit in When I'm looking at the future as hydroplump
Speaker 2: tended lip bomb thirty eight dollars.
Speaker 3: And that's one of the challenges, you know, is trying
Speaker 3: to lure the younger skincare product folks, because that's really
Speaker 3: what they're after, right Esta Lauder. Yeah, I don't feel like,
Speaker 3: I see them in there, and I don't know. Don't
Speaker 3: start telling me.
Speaker 1: A lot of their focus to online if I'm not mistaken, right,
Speaker 1: I mean, I think the Amazon and the TikTok shops.
Speaker 3: I mean they're selling lower price items to remember my
Speaker 3: my like for instance. Really, honestly, I think of my
Speaker 3: grandmother when I think of Esta Lauder and her scent.
Speaker 3: I mean, that's so, that's their challenge.
Speaker 2: That's the smartest thing I've heard.
Speaker 3: Next, all right, Imax soaring fourteen percent. The Wall Street
Speaker 3: Journal has a story saying that this is the large
Speaker 3: screen theater company. It's exploring a sale. It's already approached
Speaker 3: some entertainment companies for as potential buyers get this. The
Speaker 3: stock is up forty percent since last summer, but it
Speaker 3: is down seven percent so far this year. They've got
Speaker 3: a market cap of about one point eight billion dollars.
Speaker 3: I didn't realize this, but premium screens, including IMAX, accounted
Speaker 3: for more than five percent of domestic box office sales
Speaker 3: last year. It's taking a bigger share of the box ops.
Speaker 3: I have to tell you, the last movie I saw
Speaker 3: was an IMAX, and I do not go to the
Speaker 3: very often.
Speaker 2: What is the sphere in Las Vegas the new.
Speaker 3: I'm that's the question.
Speaker 1: That is.
Speaker 2: I don't know. I mean Sweeny's more we're Sweeney. I
Speaker 2: don't know.
Speaker 1: He's got to be golfing.
Speaker 3: I don't think he's at an IMAX, but you never know.
Speaker 2: He's probably on the vespa, you know, yes, morning beverage
Speaker 2: and listening to us on his Bloomberg Listen years ago
Speaker 2: with one radio stage hanging on everywhere.
Speaker 3: I remember those days. I still have one, you still
Speaker 3: have them. I actually do think it works.
Speaker 2: Mister Bloomberg has it. He told me another day. That's
Speaker 2: how he listens.
Speaker 1: Do you know what?
Speaker 2: You know what mister Bloomberg said to me. I was
Speaker 2: listening to you this morning time, and I can't remember
Speaker 2: things said.
Speaker 1: I said, thank you.
Speaker 3: Praise one more here for mister. Ross Stores up five percent.
Speaker 3: This stock is up twenty and a half percent so
Speaker 3: far this year, raising its sales and profit guidance after
Speaker 3: first quarter results beat the street, aided by get this
Speaker 3: strong customer traffic among younger shoppers aged eighteen to twenty four.
Speaker 3: What is Ross Stores doing right? This is the off
Speaker 3: price retailer meeting. It sells brand names, does sign merchandise
Speaker 3: for less. It is said that same store sales growth
Speaker 3: was the best in the company's history of seventeen percent
Speaker 3: last quarter, and Ross's CEO on the call said the
Speaker 3: company is outperforming virtually every other retailer that they can
Speaker 3: track when it comes to younger customers.
Speaker 1: Wow. The Stock Movers Report from Bloomberg Radio. Check back
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