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

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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. If Bloomberg
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  Speaker 1: dot Com the radio plus mobile l is a Bloomberg
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  Speaker 1: business from Bloomberg World Headquarters. I'm Charlie Pellett, folks from
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  Speaker 1: Zoe's kitchen, ringing that closing bell. On this Thursday, I'll
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  Speaker 1: losing day for US equities. And this update is brought
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  Speaker 1: to you by Sector Spider e t FS. Why buy
• 0:25
  Speaker 1: a single stock when you can invest in the entire sector?
• 0:29
  Speaker 1: Visits sector sp d rs dot com or call one
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  Speaker 1: eight six six Sector e t F stocks move lawers
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  Speaker 1: results from companies including Intel and Southwest Airlines disappointed, casting
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  Speaker 1: doubt on whether corporate earnings will be healthy enough to
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  Speaker 1: sustain equities at all time highs. Hillary Kramer is chief
• 0:48
  Speaker 1: investment officer at A and G Capital Group. She was
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  Speaker 1: our guest moments ago right here on taking stock. I
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  Speaker 1: think it is going to end really badly ultimately. But
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  Speaker 1: for all those investors staying on the sidelines, just keep mind.
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  Speaker 1: We can stay moving upwards for months like this. The
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  Speaker 1: June index of Leading Economic Indicators advanced three tenths of
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  Speaker 1: one percent. Ken Goldstein is an economist at the Conference Board.
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  Speaker 1: He was also interviewed today right here on taking Stock.
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  Speaker 1: One of the things that we're seeing right now, and
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  Speaker 1: you saw this in the CPI just last week, is
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  Speaker 1: that the only thing that's moving in the CPI are
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  Speaker 1: rents in home mono cost because vacancy rates for apartments
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  Speaker 1: are so low, and because demand for homes is being
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  Speaker 1: you know, is exceeding this supply. So these builders are
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  Speaker 1: out there trying to build new apartment buildings, new homes
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  Speaker 1: as fast as they can, and that's giving this economy
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  Speaker 1: a little bit of a spark. Mario Drownki says the
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  Speaker 1: European Central Bank will not hesitate to add fresh stimulus
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  Speaker 1: if needed once it has a clearer picture of the
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  Speaker 1: economic impact from the UK's vote to leave the European Union.
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  Speaker 1: We are waiting the latest numbers out of PayPal ebays,
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  Speaker 1: surging today after its report last night, up ten point
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  Speaker 1: nine percent. Today we did see shares of Intel down
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  Speaker 1: four percent, Southwest Carolines down eleven percent, SMP dropping eight points,
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  Speaker 1: to st drop of four tenths of one percent, Gold
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  Speaker 1: up twelve ninety one percent four oh two on Wall Street. Now,
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  Speaker 1: let's take a look at other news from around the world. Charlie.
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  Speaker 1: Thank you from the Bloomberg news room, I Mark Crompton.
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  Speaker 1: Last week's deadly truck attack in the French city of
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  Speaker 1: Nice may have been in the works for months. That's
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  Speaker 1: according to the Paris prosecutor, who says it appears the
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  Speaker 1: driver had been plotting the attack and that he had accomplices.
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  Speaker 1: Speaking to his state's delegation in Cleveland this morning, Texas
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  Speaker 1: Senator Ted Cruz, who last night refused to endorse Donald Trump,
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  Speaker 1: said he told Trump three days ago he wasn't going
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  Speaker 1: to endorse him and doesn't plan to. Cruise has attacks
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  Speaker 1: on his family during the primary season changed his mind.
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  Speaker 1: Now now this is not politic. I will tell the crew.
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  Speaker 1: I will not malign, I will in salt, I will
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  Speaker 1: not attack. I will tell the truth. This is not
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  Speaker 1: a game. It is not politic. Right and wrong matters.
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  Speaker 1: We have not abandoned who we are in the pumper.
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  Speaker 1: Donald Trump will officially accept his party's nomination for president tonight.
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  Speaker 1: An appeals court has ruled on the Texas voter I
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  Speaker 1: D law. The voter identification law in Texas must allow
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  Speaker 1: for people without an approved I D such as a
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  Speaker 1: driver's license or another form of photo i D while
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  Speaker 1: a judge hammers alternatives. The ruling weekends a statute in
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  Speaker 1: Texas that critics had called the harshest voter I D
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  Speaker 1: law of the nation. Bloomberg's Michael Barr reporting New York
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  Speaker 1: City will install USB ports for Staten Island ferries and
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  Speaker 1: terminals after shutting off electrical outlets because passengers were fighting
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  Speaker 1: over them. A ferry worker was punched during one of
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  Speaker 1: those disputes. Local News twenty four hours a day, powered
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  Speaker 1: by more than twenty six hundred journalists and analysts in
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  Speaker 1: more in one twenty countries. I'm more Crumpton. This is Bloomberg, Charlie,
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  Speaker 1: and we thank you, and again recapping, I'll move forward.
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  Speaker 1: For US equities with the S and P five hundred
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  Speaker 1: index down seven a drop of four tenths of one percent,
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  Speaker 1: nan stackdown three tenths of one percent down, industrials down
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  Speaker 1: four tenths of one percent. Moments ago, we did hear
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  Speaker 1: from eight T and T it reported second quarter adjusted
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  Speaker 1: EPs of seventy two cents. Estimates were for seventy two cents.
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  Speaker 1: I'm Charlie Pellett. That's a Bloomberg business flash move around
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  Speaker 1: motion gremotion. Move you move like they do. I've never
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  Speaker 1: seen anyone move that back hired people's good luck to
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  Speaker 1: get a purpose that was called movers and shakers. It
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  Speaker 1: cost a little more about that name cracked me up.
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  Speaker 1: Bloomberg taking stock Movers and Shakers with Bim Box and
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  Speaker 1: Kathleen As on Bloomberg Radio. Movers and Shakers for this Thursday,
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  Speaker 1: July the twenty one twenty A sixteen one hundred and
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  Speaker 1: fifty one issues in the SMP, five hundred advanced, three
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  Speaker 1: hundred and fifty one fall and three remain unchanged. Dave Wilson,
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  Speaker 1: Bloomberg Stocks Columns joins me now to begin our Movers
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  Speaker 1: and Shakers. Dave Well, I gotta mention Starbucks because their
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  Speaker 1: fiscal third quarter results are out adjusted earnings forty nine
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  Speaker 1: cents of share match the average estimate of analysts and
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  Speaker 1: Bloomberg survey revenue, though really not measuring up to what
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  Speaker 1: investors and nailis we're looking for. Uh. He had net
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  Speaker 1: revenue of five point to four billion dollars the average
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  Speaker 1: estment five point three four billion, and sales at locations
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  Speaker 1: open more than a year comp sales as they are
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  Speaker 1: called up four percent when the average estimate was five
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  Speaker 1: point six percent. You got Starbucks shares down about five
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  Speaker 1: percent in late trading in the wake of those results.
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  Speaker 1: Shares of Sherwin Williams down more than six and a
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  Speaker 1: half percent today. The paint maker wants to become the
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  Speaker 1: world's largest with its pending acquisition of valves Bar. The
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  Speaker 1: decline today is the biggest in four months. Had posted
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  Speaker 1: sales and earnings that trailed analyst estimates. A second quarter
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  Speaker 1: adjusted EPs of four dollars and six cents missed by
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  Speaker 1: ten cents. Revenue, though was up two point eight percent
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  Speaker 1: to three point two two billion. In that too, was
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  Speaker 1: less than analyssessments. They were all looking for more than
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  Speaker 1: three and a quarter billion dollars in sales. Once again,
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  Speaker 1: the shares of Sherwin Williams down six and a half percent.
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  Speaker 1: Let's take a look at Kinder Morgan, the gas pipeline company.
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  Speaker 1: You know they cut their dividend at the beginning of
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  Speaker 1: this year to twelve and a half cents a share
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  Speaker 1: from fifty one cents. Last week, on a conference call,
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  Speaker 1: Kinder executive said the company was moving closer to a
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  Speaker 1: higher dividend or perhaps stocked by backs. Today different story.
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  Speaker 1: Kinder said the divd then would remain at twelve and
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  Speaker 1: a half cents a share at least through the end
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  Speaker 1: of the year, and Kinder shares down five point two
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  Speaker 1: percent on that disappointment. Shares of Visa will be watching
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  Speaker 1: those because visas third quarter adjusted earnings for share comes
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  Speaker 1: in at sixty nine cents, beating the average analyst estimate
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  Speaker 1: by two cents. The buy back has now been moved
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  Speaker 1: higher to more than five billion dollars worth of shares.
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  Speaker 1: The company also reporting revenue of three point six three
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  Speaker 1: billion versus an estimated three point six five billion. We'll
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  Speaker 1: be giving you more details as Visa shares start trading
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  Speaker 1: in the after hours. During the regular session, shares of
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  Speaker 1: Visa they were down about three quarters of a percent. Well,
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  Speaker 1: let's talk about a stock with a Visa tie in.
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  Speaker 1: In that case, PayPal Holdings, the online payment company UH.
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  Speaker 1: They announced an agreement with Visa in which PayPal would
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  Speaker 1: stop discouraging customers from linking accounts to Visa cards and
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  Speaker 1: share more day it out with the card network and
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  Speaker 1: return they'll get more certainty about fees and other incentives.
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  Speaker 1: UH PayPal announcing disagreement along with second quarter results, UH
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  Speaker 1: revenue two point six five billion dollars, beating the average
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  Speaker 1: estimate than a Bloomberg survey. UH second quarter l is
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  Speaker 1: pretty much in line fully your revenue though they're forecasting
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  Speaker 1: ten point seven five to ten point five billion dollars
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  Speaker 1: and the average estimate just eight point nine three billions,
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  Speaker 1: So UH a positive there, and PayPal holdings up five
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  Speaker 1: and a half percent in late trading. Let me tell
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  Speaker 1: you a little bit about what's going on in the
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  Speaker 1: airline industry right now. Southwest Airlines down eleven percent today. Uh.
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  Speaker 1: The reason, well, it has to all do with fairs
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  Speaker 1: and UH with the sort of continued competition for airlines.
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  Speaker 1: And we take a look at Love which is the
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  Speaker 1: symbol for Southwest down more than eleven percent today. Let's
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  Speaker 1: love luv. Yeah, well love Field right, that's where it comes,
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  Speaker 1: Luv luv star plunging, fair weakness, oblique view, sharper competition
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  Speaker 1: that everyone thinks it's gonna drive down air fares more
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  Speaker 1: than the previous quarters. Prices have been softening all year
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  Speaker 1: once again, shares of Southwest there down more than eleven
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  Speaker 1: percent today. Dave, just really quickly, I'll mention the former
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  Speaker 1: parent company of PayPal, and that would be eBay, the
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  Speaker 1: online marketplace, beat second core profit in sales estimates, raise
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  Speaker 1: full your forecast, increase the stock buyback program by two
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  Speaker 1: and a half billion dollars. eBay up almost eleven percent today,
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  Speaker 1: the biggest gain in the SMP. Alright, it's time now
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  Speaker 1: for the volatility Index reported, of course, brought to you
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  Speaker 1: Powerful Outcomes VIX. The VIX higher today, up more than
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  Speaker 1: eight and a half percent. It gains one point o two,
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  Speaker 1: settling at a twelve point seven nine, and that ends
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  Speaker 1: a succession of declines for the VIX. In addition, we're
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  Speaker 1: passing along this news that Fox Broadcasting says that Roger
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  Speaker 1: Ailes has resigned as the head of Fox News. We'll
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  Speaker 1: have more details as they become available. All right, Dave,
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  Speaker 1: you're uh hi, my name is Dave. Just what do
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  Speaker 1: you think you're doing things? We're going for the prank
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  Speaker 1: found the door to Dave. Dave Hey, Mr Wilson, give
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  Speaker 1: us the big picture. Absolutely you know. The new movie
• 10:36
  Speaker 1: Star Trek Beyond previewed across the US and Canada last
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  Speaker 1: night in Imax theaters. Want to be more precise, the
• 10:43
  Speaker 1: film was shown with IMAX's equipment in IMAX's large screen
• 10:47
  Speaker 1: format at IMAX's own theaters. That spells out what the
• 10:50
  Speaker 1: company does. Imax based in Canada. Company dropped its local
• 10:54
  Speaker 1: stock listing about eighteen months ago and now has its
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  Speaker 1: main listing on the New York Stocker Change and the
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  Speaker 1: ticker surprises i'max. That's I am a x Imax. The
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  Speaker 1: stock price has been up and down since last year's
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  Speaker 1: stock peaked at forty three hours eighty cents in June
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  Speaker 1: and dropped forty two percent before sending a low in February.
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  Speaker 1: Now today was an update thanks to well received results
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  Speaker 1: for the second quarter. Earnings that Imax were eighteen cents
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  Speaker 1: of share, which beat analysts averagestment in Bloomberg survey, and
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  Speaker 1: revenue exceeded projections for the seventh straight quarter. Put that
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  Speaker 1: all together, i'm next shares rose about fourteen and a
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  Speaker 1: half percent, and that's their biggest game since two thousand
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  Speaker 1: and eight. The rally lifted the stock to it's high
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  Speaker 1: for the year. Thank you very much. Dave Wilson, Bloomberg
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  Speaker 1: Stocks commist and once again twenty one century Fox says
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  Speaker 1: that Roger Ailes has resigned as the head of Fox News.
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  Speaker 1: He said this in an emailed statement. Will have more
• 11:54
  Speaker 1: details as they become available. I'm PIM Fox and this
• 11:59
  Speaker 1: is Bloomberg. Bloomberg taking Stock is brought to by Cone
• 12:07
  Speaker 1: Resnick look Ahead, Gain Insight, Imagine more. Get forward thinking
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  Speaker 1: advice that can help you turn business possibilities into business opportunities.
• 12:15
  Speaker 1: Find out more at Cone Resnick dot com.