WEBVTT - Estee Lauder Sinks, Norwegian Gains, Flutter 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>I'm Carol Masser along with Tim Stanevik. Let's actually get

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<v Speaker 1>to some stocks on the move. For that, we are

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<v Speaker 1>back with Bloomberg News Equities reporter Avalon Parnell Avalon.

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<v Speaker 3>Good to have you back with us.

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<v Speaker 1>We've missed you. SD latter. All of a sudden, like

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<v Speaker 1>late in the day, this definitely popped up on our radar.

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<v Speaker 4>Yes, SD latter, they did slide about seven point seven

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<v Speaker 4>percent into the clothes. That's after the beauty brand and

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<v Speaker 4>Spanish beauty firm Pooge Brands confirmed they were in talks

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<v Speaker 4>to merge. The Financial Times actually reported earlier today that

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<v Speaker 4>the beauty company could announce a deal to create a

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<v Speaker 4>more than forty billion dollar company as early as today.

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<v Speaker 4>And for those who are unfamiliar with the Spanish brown,

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<v Speaker 4>they're the brand. They are the parent company behind brands

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<v Speaker 4>like Charlotte, Tillerberry and Carolina Herrera.

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<v Speaker 1>Loves Charlotte too, right, let's not to love keep going?

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<v Speaker 1>Who else do they do?

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<v Speaker 3>Yeah, so there's a lot of different things.

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<v Speaker 4>STI Latter also has around two dozen brands, including Lamare

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<v Speaker 4>and The Ordinary, so investors are already kind of questioning

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<v Speaker 4>how exactly would you bridge that gap since STI Latter

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<v Speaker 4>is in the middle of a turnaround by itself.

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<v Speaker 3>But we will see.

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<v Speaker 4>The exact terms of the deal are not known just yet.

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<v Speaker 1>I am blown away because Stiltter was such an iconic

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<v Speaker 1>brand for such a long time and really home broke,

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<v Speaker 1>you know, their homegrown brands, their namesake brand STI Latter,

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<v Speaker 1>and then they had all the other you know, they

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<v Speaker 1>had origins, they had clinique, they had you name it,

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<v Speaker 1>they had all these deep prescriptives and then perfume. My

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<v Speaker 1>aunt used to work for the company, so I know

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<v Speaker 1>it really well. But what's really fascinating. And then they

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<v Speaker 1>went on a buying spree, buying all these other brands,

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<v Speaker 1>and it was a model that was followed by other

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<v Speaker 1>big cosmetic companies. But they've really struggled, especially with their

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<v Speaker 1>namesake brands. So I am blown away by this and

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<v Speaker 1>it would be a real change. And does the st

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<v Speaker 1>Latter name go away? I don't say, how do you

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<v Speaker 1>say push poosh? So it's so it's buying the other company, Porsche.

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<v Speaker 3>Do we decide Well, it's unclear.

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<v Speaker 1>What what Elizabeth pus Okay, okay, Well.

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<v Speaker 5>My apologies to you. We're going to work on this

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<v Speaker 5>all of my Yes, professoris in Spain.

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<v Speaker 1>We'm hollow. That's all I'm going to say. That's what

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<v Speaker 1>I'm going to say. We're trying. We're trying, all right,

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<v Speaker 1>SD loader ticker el and as you said, it was

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<v Speaker 1>down in the trade. Let's go to something that was

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<v Speaker 1>an outperformer today.

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<v Speaker 4>Yes, Norwegian cruise ticker n c l H rose about

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<v Speaker 4>six point two percent into the close today. That's after

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<v Speaker 4>President Trump said he told US forces to pause all

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<v Speaker 4>strikes against Iranian power plants and energy infrastructure for at

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<v Speaker 4>least five days.

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<v Speaker 3>Today.

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<v Speaker 4>Brent crude futures also closed below one hundred dollars per barrel. So,

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<v Speaker 4>if you remember earlier this month, cruise stocks and airlines

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<v Speaker 4>were taking beating as people were really curious about what

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<v Speaker 4>exactly are their.

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<v Speaker 3>Fuel costs going to look like given this conflict.

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<v Speaker 4>Right now, investors are cautiously optimistic, but we'll see what happens.

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<v Speaker 4>As we know, the situation changes every day.

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<v Speaker 1>Yeah, I think the whole travel industry to some extent

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<v Speaker 1>was like kind of getting optimistic, but tbd. I keep

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<v Speaker 1>saying that a lot because I do feel like unless

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<v Speaker 1>we know the timeline.

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<v Speaker 5>Right, yeah, a lot can happen.

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<v Speaker 1>How do you see that company?

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<v Speaker 5>I have no idea.

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<v Speaker 3>Works nice job?

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<v Speaker 5>You don't know that?

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<v Speaker 3>Well, I think it's.

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<v Speaker 1>Right all right, So Norwegian and I think all of

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<v Speaker 1>the cruise lines were actually happy today.

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<v Speaker 4>Right, Carnival everybody generally speaking, withes too had.

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<v Speaker 5>A good day as a result of these fuel but

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<v Speaker 5>they've been getting beat up because of concerns around fuel prices.

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<v Speaker 1>Yeah, and I get it's again like do you look

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<v Speaker 1>through the war and say, okay, it's going to end

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<v Speaker 1>sooner rather than later. But we just don't know.

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<v Speaker 5>Prediction markets, gambling stars.

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<v Speaker 3>Of course, what's in there? Yes, Flutter Entertainment, that's ticker.

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<v Speaker 4>F l u T.

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<v Speaker 5>It's because because I know the answer to this, I

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<v Speaker 5>love this. In the UK, a bet is called a Flutter.

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<v Speaker 5>It's a UK company and it owns FanDuel.

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<v Speaker 1>Okay, take it all.

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<v Speaker 3>You are correct.

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<v Speaker 4>It does own FanDuel and it closed up four point

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<v Speaker 4>four percent today. That's after the Wall Street Journal reported

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<v Speaker 4>that US senators are potentially seeking to introduce bipartisan legislation

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<v Speaker 4>to ban sports betting on prediction markets like Calshi and Polymarket.

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<v Speaker 3>However, I will say Bloomberg.

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<v Speaker 4>Intelligence is cautioning that the reaction appears a little bit premature,

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<v Speaker 4>given the fact that there's a pretty low chance that.

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<v Speaker 3>This bill would pass, at least not this year.

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<v Speaker 2>We'll see this stock mover's report from Bloomberg Radio. Check

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<v Speaker 2>back with us throughout the day for the latest roundup

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<v Speaker 2>of companies making news on Wall Street and for the

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<v Speaker 2>latest market moving headlines. Listen to Bloomberg Radio Live, catch

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