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Bloomberg's Wilson on Winners, Losers, Stock of the Day (Audio) · Bloomberg Intelligence

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  Speaker 1: Global business news twenty four hours a day at Bloomberg
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  Speaker 1: This is a Bloomberg Business bloom Bloomberg World Headquarters. I'm
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  Speaker 1: Charlie PELLETI. You have its sound of a closing bell
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  Speaker 1: at the New York Stock Exchange. Folks from ms A
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  Speaker 1: Safety Incorporated in the National Fall and Firefighters Association ringing
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  Speaker 1: that closing bell. And we are brought to you by
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  Speaker 1: Sector Spider E t f S Y by a single stock.
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  Speaker 1: When you can invest in the entire sector, visit Sector
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  Speaker 1: s P d r S dot com or call six
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  Speaker 1: Sector E T f U S stocks A little changed
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  Speaker 1: move higher for NEZ Stack up eight points to a
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  Speaker 1: record fifty eighty three, a gain there of two tenths
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  Speaker 1: of one percent. SMP five hundred index trading very close
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  Speaker 1: to a record, down half a point today six and
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  Speaker 1: drop there of less than one tenth of one percent down,
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  Speaker 1: Industrials down twelve, drop of one tenth of one percent.
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  Speaker 1: That now at eighteen thousand, five hundred, twenty six. Apple
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  Speaker 1: shares higher by six tenths of one percent. Apple unveiling
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  Speaker 1: new iPhones without headphone Jack's embracing a wireless future and
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  Speaker 1: a potential new source of accessory sales. Bloomberg's Alex Webb
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  Speaker 1: was at the Apple event in San Francisco's Bill Graham's
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  Speaker 1: Civic Auditorium, and he was our guest today right here
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  Speaker 1: on taking Stock. I'm just speaking to some analysts and
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  Speaker 1: they said this was a big enough upgrade for the
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  Speaker 1: pent up pool of iPhone six holdout who who were
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  Speaker 1: looking for a new phone from one upgrades to it.
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  Speaker 1: But nonetheless, next year's upgrade is expected to be a
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  Speaker 1: lot more substantial. Next lye will be the ten year
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  Speaker 1: anniversary of the iPhones for inception, and so it's likely
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  Speaker 1: to have more blocks UF to feat g W Pharmaceuticals
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  Speaker 1: jumping after Reuter's reported that the company had hired Morgan
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  Speaker 1: Stanley as an advisor after being approached by several drug
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  Speaker 1: makers interested in an acquisition. Shares up today by a
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  Speaker 1: US Airlines climbed the most, and almost two months after
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  Speaker 1: Southwest said it would slow capacity growth next year, Southwest
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  Speaker 1: up today by four point six percent, American up four
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  Speaker 1: point eight percent. And now let's look at some of
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  Speaker 1: the other stories making news. Charlie, thank you from the
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  Speaker 1: Bloomberg News room. I'm Mark Crumpton. Donald Trump today unveiled
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  Speaker 1: a plan for a major increase in defense spending. Speaking
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  Speaker 1: in Philadelphia, the Republican presidential nominee also addressed his plan
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  Speaker 1: for dealing with Islamic State immediately after taking office. I
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  Speaker 1: will ask my generals to present him me a plan
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  Speaker 1: within thirty days to defeat and destroy ISIS. Both Mr
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  Speaker 1: Trump and Hillary Clinton are preparing for a national security
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  Speaker 1: forum tonight. Earlier today, the National Intelligence Director James clapperdnowledged
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  Speaker 1: this year's election might be rattling some nerves. I know
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  Speaker 1: a lot of people have been feeling on certainty about
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  Speaker 1: what will happen with this presidential transition. Then a lot
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  Speaker 1: of catastrophizing, if I can use that term in the
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  Speaker 1: twenty four hour news cycle and of course on social media.
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  Speaker 1: So I'm here with a message It'll be okay. Clappers says,
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  Speaker 1: We're living in a cycle of extremism that will continue
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  Speaker 1: for the foreseeable future. You will now be able to
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  Speaker 1: order a Sunday Mimosa, Bloody Mary or pine of beer.
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  Speaker 1: Two hours earlier, in New York State, Governor Andrew Cuomo
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  Speaker 1: today signed legislation allowing bars and restaurants to begin serving
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  Speaker 1: alcohol at ten am on Sundays. The new law also
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  Speaker 1: cut some fees and regulatory red tape for breweries, wineries,
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  Speaker 1: cider makers, and distilleries, and authorizes wineries to sell their
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  Speaker 1: product in growlers. Global News twenty four hours a day,
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  Speaker 1: powered by more than twenty hundred journalists and analysts and
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  Speaker 1: over one twenty countries. I'm more Crumpton. This is Bloomberg, Charlie,
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  Speaker 1: and we thank you, and again recapping a little change
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  Speaker 1: for the SMP five hundred index down by less than
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  Speaker 1: half a point today, nastac up eight to fifty eight three,
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  Speaker 1: a gain there of two tenths of one percent. The
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  Speaker 1: down down twelve points, a drop of less than point
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  Speaker 1: one percent. I'm Charlie Pellett, and that's a bloom Bread
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  Speaker 1: business flash. Move around. Motion creates emotionally moved like they do.
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  Speaker 1: I've never seen anyone move that ban hard people. Let's
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  Speaker 1: move like to great a purpose that he was called
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  Speaker 1: movers and shakers. It costs a little more. That name
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  Speaker 1: cracked me up. Bloomberg taking stock Movers and Shakers with
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  Speaker 1: Pim Fox and Kathleen Hay's on Blue Werg Radio Movers
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  Speaker 1: and Shakers for Wednesday, September the seven. Taking a look
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  Speaker 1: at the S and P five hundred index, two hundred
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  Speaker 1: and sixty five issues advanced, two hundred and thirty seven decline,
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  Speaker 1: and four are unchanged. Dave Wilson, Bloomberg Stocks columnist joins
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  Speaker 1: us now for his movers and shakers. Dave have to
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  Speaker 1: start with Apple. What was interesting about the stocks performance
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  Speaker 1: today was actually down as chief executive Tim Cook and
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  Speaker 1: others were rolling out the new version of the iPhone,
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  Speaker 1: the iPhone seven uh the new version of the Apple
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  Speaker 1: Watch as well, and after the gathering in San Francisco ended,
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  Speaker 1: he saw Apple start to move up. So closed with
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  Speaker 1: a gain of six tenths of a percent in the
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  Speaker 1: wake of these product introductions. Well, UH fit but had
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  Speaker 1: a little bit loss. Of course, people are worried about
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  Speaker 1: the competition from the upgraded Apple Watch. But I want
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  Speaker 1: to take a look at Chipotle because we found out
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  Speaker 1: yesterday that activists investor Bill Ackman and Pershing Square has
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  Speaker 1: taken out nearly a ten percent holding, And today Chipotle
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  Speaker 1: held a quote brief introductory call, expecting to meet with
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  Speaker 1: him soon. According to a company spokesman, welcoming the opportunity
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  Speaker 1: to engage in conversation, just as we do with all
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  Speaker 1: of our investors. Of course, investors are waiting to see
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  Speaker 1: now if Mr Ackman pushes the board to move faster.
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  Speaker 1: Certainly there's been a lot of criticism for not moving
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  Speaker 1: faster to revive sales after their E Coli squares are
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  Speaker 1: Bloomberck story quotes Morgan Stanley analyst John Glass saying there's
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  Speaker 1: no quote quick fix for Chipotle, PIM, no um, no
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  Speaker 1: quick fix for h D Supply holdings down more than
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  Speaker 1: twelve percent. H d S is the symbol why a
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  Speaker 1: lot of the stock fell, mainly because of the company's
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  Speaker 1: quarterly results. The company says that the first rather than
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  Speaker 1: fiscal a second quarter sales rising a four percent, net
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  Speaker 1: income though l ten per cent, and as a result
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  Speaker 1: that bad news also changed their outlook for future quarters,
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  Speaker 1: but the management still expects to grow the top line
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  Speaker 1: between three and six percent this year. Now. H D S,
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  Speaker 1: you may recall, was spun out of Home Depot UH.
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  Speaker 1: This is the company through that operates as an industrial
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  Speaker 1: distributor of products, maintenance products, repair and operations, and specialty construction.
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  Speaker 1: Once again h D S. H D Supply holdings down
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  Speaker 1: more than twelve. Let's talk about the biggest gain in
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  Speaker 1: the S and P five today belonged to Western Digital,
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  Speaker 1: the maker of disc drives and memory chips, raised forecast
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  Speaker 1: for fiscal first quarter earnings and sales. Western Digital side
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  Speaker 1: of the integration of a disk drive business part from
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  Speaker 1: Patachi and it's takeover of the memory chip maker sand discs.
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  Speaker 1: You put those two events together and the effect on results.
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  Speaker 1: Western Digital up twelve percent on the day and rivals
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  Speaker 1: Seagate Technology following suit up almost six percents. Let's take
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  Speaker 1: a quick look at Apache. Congratulation Apache saying it made
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  Speaker 1: an immense oil and natural gas discovery in an underdeveloped
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  Speaker 1: area of Texas is permanent shale for nation. The Alpine
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  Speaker 1: High discovery in West Texas contains an estimated three billion
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  Speaker 1: barrels of voice oil seventy five trillion cubic feet of gas.
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  Speaker 1: One analyst saying, though there's going to be a lot
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  Speaker 1: of work to be done below the ground and above
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  Speaker 1: the ground, a lot of infrastructure issues. Nevertheless, Apache jumping
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  Speaker 1: not surprisingly six point seven percent to fifty five and
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  Speaker 1: thirteen cents of sharepin. All right, I'll tell you about
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  Speaker 1: General Mills the shares of General Mills down more than
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  Speaker 1: four and a quarter percent, after saying that the first
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  Speaker 1: quarter earnings per share would be down compared to the
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  Speaker 1: same period a year earlier. They did say that they're
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  Speaker 1: going to be their twenty seventeen fiscal year forecast, but
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  Speaker 1: warned that adjusted net sales growth for the first quarter
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  Speaker 1: would be below guidance. Once again, the shares of General
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  Speaker 1: Mills down more than four and a quarter percent. Time
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  Speaker 1: now for the Volatility Index report, brought to you by
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  Speaker 1: CBOE ViXS options and futures. Volatility can be harnessed with
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  Speaker 1: cbo e dot com. Slash Powerful Outcomes. VIX will a
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  Speaker 1: very meek outcome today, the VIX losing about a tenth
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  Speaker 1: of a point to eleven point nine. Trying to Russ
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  Speaker 1: kest Stritch from black Rock Global Allocation Fund the fear gage,
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  Speaker 1: the VIX is looking a bit too confident. It might
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  Speaker 1: be in part due to overactive central banks. He notes
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  Speaker 1: that normally the VIX has been driven by credit market
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  Speaker 1: conditions like high yield spreads, but even as high yield
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  Speaker 1: spreads have narrowed since its started. The year of volatility
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  Speaker 1: has declined at even faster rate, he says, based on
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  Speaker 1: high old spreads, now volatility should be closer to twenty
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  Speaker 1: than the low teens. Let's take a look at another light.
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  Speaker 1: Then at that low close in the vix at eleven
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  Speaker 1: point nine. All right, Hi, my name is Dave. Just
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  Speaker 1: what do you think good doing? Day? Boom Hey? Mr
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  Speaker 1: Wilson Bloomberg Stocks Commas tell us about the home builder
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  Speaker 1: bezer Homes absolutely, I mean new home sales have recruited
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  Speaker 1: about a third of their plunge after the bursting of
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  Speaker 1: the last decades housing bubble. These are homes USA haven't
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  Speaker 1: even gone that far. The home builders shares have barely
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  Speaker 1: recovered after tumbling more than nine nine percent from their
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  Speaker 1: peak in January two thousand six. Uh BESA reaches lower
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  Speaker 1: more to two thousand nine at a dollar twenty a share.
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  Speaker 1: Compare that with a high three years earlier four hundred
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  Speaker 1: and ten dollars and seventy cents now. Those prices are
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  Speaker 1: adjusted for a one for five reverse stock split in
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  Speaker 1: October twenty twelve. Beezer, whose tickers bez H, traded this
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  Speaker 1: past February at its lowest prices two thousand nine. The
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  Speaker 1: stock later rebabbott and the recovery gained momentum today after
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  Speaker 1: the company released preliminary data for fiscal quarter ending this month.
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  Speaker 1: Beez Are said new orders were the first two months
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  Speaker 1: of its fourth quarter rose from a year ago. Company
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  Speaker 1: added that it expects to convert as much as eight
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  Speaker 1: percent of its order backlog into sales during the quarter.
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  Speaker 1: These two pieces of data, we're all that BESA released
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  Speaker 1: and there we are enough to send the company shares
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  Speaker 1: to a gain of seven point nine percent. They closed
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  Speaker 1: at their highest prices December Day. Wilson, thank you so much,
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  Speaker 1: appreciate it. Dave Wilson, our stocks editor are resident music coologists.
• 11:33
  Speaker 1: You can follow him on Twitter at the one day Ibu.
• 11:36
  Speaker 1: You can follow my co host Pim Fox. It's really
• 11:38
  Speaker 1: easy at pim that's got two ms Fox. I'm at
• 11:41
  Speaker 1: Kathleen Underscore Hayes so Fashion Week in New York. The
• 11:46
  Speaker 1: world of the plus size fashion has grown bigger and bigger.
• 11:50
  Speaker 1: No pun intended. We're gonna be speaking with the CEO
• 11:53
  Speaker 1: and co founder of Fashion to Figure. I'm Kathleen Hayes
• 11:57
  Speaker 1: along at pim Fox. This is taking stock and this
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