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 --> 00:00:18,480 Speaker 1: Let's get a sense of what's moving in the stock 5 00:00:18,480 --> 00:00:20,840 Speaker 1: market today. We can do that with blog Christina Kino. 6 00:00:20,920 --> 00:00:22,439 Speaker 1: She joins us here Institute of Christine. What are you 7 00:00:22,440 --> 00:00:25,080 Speaker 1: looking at? We got to talk about Netflix, Paul biggest 8 00:00:25,079 --> 00:00:27,960 Speaker 1: deal of the day, certainly possibly of the week. Right, 9 00:00:28,040 --> 00:00:31,280 Speaker 1: so Netflix shares though not taking it very well, so 10 00:00:31,360 --> 00:00:34,480 Speaker 1: took her NFLX. Those chars are down about three tens 11 00:00:34,520 --> 00:00:36,959 Speaker 1: a one percent at the moment, but earlier very down 12 00:00:37,000 --> 00:00:40,680 Speaker 1: more than five percent. So investors initially taking this deal 13 00:00:41,040 --> 00:00:44,479 Speaker 1: as a negative. And again let's recap rise and Netflix 14 00:00:44,520 --> 00:00:47,560 Speaker 1: agreeing to buy Warner brought Os Discovery in a deal 15 00:00:47,800 --> 00:00:50,800 Speaker 1: worth seventy two billion dollars in equity value. Enterprise value 16 00:00:50,880 --> 00:00:54,680 Speaker 1: is eighty two point seven billion. Warner Broughtter shareholders receiving 17 00:00:54,720 --> 00:00:57,400 Speaker 1: twenty seven to seventy five a share, both in cash 18 00:00:57,440 --> 00:01:01,240 Speaker 1: and Netflix stock. And before or this deal gets done, 19 00:01:01,240 --> 00:01:03,400 Speaker 1: which is expected to be done in the third quarter 20 00:01:03,400 --> 00:01:06,760 Speaker 1: of twenty twenty six, Warner Broters will complete the plan 21 00:01:06,840 --> 00:01:08,760 Speaker 1: spin off of its network's divisions that they're going to 22 00:01:08,800 --> 00:01:11,760 Speaker 1: spin off their cable channels like CNN, TBS and T 23 00:01:11,920 --> 00:01:14,520 Speaker 1: and T and then on Netflix side, Apparently they have 24 00:01:14,640 --> 00:01:17,480 Speaker 1: secured fifty nine billion dollars or up to fifty nine 25 00:01:17,480 --> 00:01:20,919 Speaker 1: billion dollars in bridge loans from banks including Wells Fargo, BNP, 26 00:01:21,160 --> 00:01:24,720 Speaker 1: and HSBC. So perhaps investors maybe just pausing a little 27 00:01:24,760 --> 00:01:26,760 Speaker 1: bit given that they're going to be taking a little 28 00:01:26,760 --> 00:01:28,679 Speaker 1: bit of debt and then maybe parsing through the deal. 29 00:01:28,720 --> 00:01:30,720 Speaker 1: That's why we're seeing a little bit of caution today. 30 00:01:30,920 --> 00:01:33,640 Speaker 2: Yeah, really big deal. We're continuing to see the headlines 31 00:01:33,680 --> 00:01:35,640 Speaker 2: on this deal here. What else do you have your 32 00:01:35,680 --> 00:01:36,160 Speaker 2: eyes on though? 33 00:01:36,200 --> 00:01:38,880 Speaker 1: In the market. Looking at Alta today as well, Nora 34 00:01:39,080 --> 00:01:43,319 Speaker 1: so Alta ticker ULTA. That share up majorly this morning 35 00:01:43,360 --> 00:01:46,200 Speaker 1: of eleven percent, and that's because they raised their full 36 00:01:46,280 --> 00:01:48,920 Speaker 1: year outlook after reporting better and expected results in a 37 00:01:48,960 --> 00:01:51,720 Speaker 1: third quarter. So the company is now expecting comparable sales 38 00:01:51,760 --> 00:01:53,720 Speaker 1: to be up as much as four point seven percent 39 00:01:53,800 --> 00:01:56,840 Speaker 1: in the current fiscal year. And you know, Alta really 40 00:01:56,960 --> 00:02:00,360 Speaker 1: kind of capitalizing on the trend among shoppers. Yes, they 41 00:02:00,360 --> 00:02:02,960 Speaker 1: are pulling back on some purchases, but not on their 42 00:02:03,000 --> 00:02:05,760 Speaker 1: beauty products, not on their skincare. So that's still something 43 00:02:05,800 --> 00:02:08,560 Speaker 1: that they're spending money on and also capitalizing in that 44 00:02:08,639 --> 00:02:11,840 Speaker 1: by building out their loyalty program. And as we know, 45 00:02:11,919 --> 00:02:15,040 Speaker 1: you know, the strategy has really differed greatly from Sephora, 46 00:02:15,120 --> 00:02:17,080 Speaker 1: for instance, which is their main competitor. Like so Forest 47 00:02:17,120 --> 00:02:19,680 Speaker 1: focusing on urban centers. Also have very much focusing on 48 00:02:19,680 --> 00:02:21,959 Speaker 1: the suburbs and that's winning big for them. 49 00:02:22,040 --> 00:02:24,320 Speaker 2: Hewlett Packard Enterprises. 50 00:02:24,000 --> 00:02:27,160 Speaker 1: You'll Packet Enterprise. Yeah, so that stock also not doing 51 00:02:27,160 --> 00:02:30,880 Speaker 1: well this morning, So ticker HPE down it's about one 52 00:02:30,919 --> 00:02:33,360 Speaker 1: point six percent. And you know, we heard from the company. 53 00:02:33,440 --> 00:02:37,480 Speaker 1: They're saying that their current quarter sales falling short of estimates. 54 00:02:37,680 --> 00:02:41,079 Speaker 1: Revenue now at estimated to be at nine billion to 55 00:02:41,280 --> 00:02:44,919 Speaker 1: nine point four billion. Previously, or rather the estimates among 56 00:02:44,919 --> 00:02:47,799 Speaker 1: analysts was for nine point eighty eight billion. We also 57 00:02:47,880 --> 00:02:51,320 Speaker 1: the CEO Antonio Nary saying that their sales in the 58 00:02:51,360 --> 00:02:54,800 Speaker 1: fiscal fourth quart are missing estimates, and they're pointing to 59 00:02:55,320 --> 00:02:59,600 Speaker 1: basically delays in their AI workload deals. You know, some 60 00:02:59,639 --> 00:03:02,240 Speaker 1: of those push in twenty twenty six, one of them 61 00:03:02,280 --> 00:03:04,160 Speaker 1: is because of a delay in a year of data 62 00:03:04,160 --> 00:03:07,280 Speaker 1: center that's not built yet, which is part of the 63 00:03:07,320 --> 00:03:10,160 Speaker 1: issue of banking of data centers. The build out takes time. 64 00:03:10,520 --> 00:03:14,000 Speaker 1: And then there was another issue with the US government, 65 00:03:14,280 --> 00:03:17,040 Speaker 1: especially their agreements with the US government just have been 66 00:03:17,040 --> 00:03:19,200 Speaker 1: delayed by the shutdown, so sounds like a bit of 67 00:03:19,240 --> 00:03:20,560 Speaker 1: a bureaucratic delay there. 68 00:03:21,480 --> 00:03:25,480 Speaker 2: The Stock Mover's report from Bloomberg Radio. 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