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 at Bloomberg
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  Speaker 1: radio he's a Bloomberg business flag. And there you have
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  Speaker 1: its sound of the closing bell or the New York
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  Speaker 1: Stock Exchange as we wrap up creating on this Thursday August,
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  Speaker 1: that is for Women's Olympic rowing team ringing closing bell
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  Speaker 1: celebrating their gold medal in Rio. We are brought to
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  Speaker 1: you by Sector Spider ETFs. Why buy a single stock
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  Speaker 1: when you can invest in the entire sector? Visits sector
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  Speaker 1: spd rs dot com or call six sector e t F.
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  Speaker 1: A down day for the Dow, the SMPN, the nasdak
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  Speaker 1: compositive index stocks declining a day before that speech by
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  Speaker 1: fedshare Janet Yellen that may provide clues about the path
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  Speaker 1: of interest rates in the US. Jacob Frankel as chairman
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  Speaker 1: of JP morgan Chase International. He was interviewed right here
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  Speaker 1: on taking stock. Well, I'm allful patients provided somebody is
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  Speaker 1: doing what needs to be done during the patient's period.
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  Speaker 1: Does anyone really believe that Congress will act get its
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  Speaker 1: act together in the coming three to six months? Does
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  Speaker 1: anyone really believe that we will see structure and measures
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  Speaker 1: in the coming three to six months. A tenure down
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  Speaker 1: four thirty seconds, the yield one point five seven percent,
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  Speaker 1: Gold down three thirty two, a drop of three tenths
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  Speaker 1: of one percent. Crude oil higher. West Texas Intermediate up
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  Speaker 1: one two percent, up fifty seven cents of barrel to
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  Speaker 1: fort thirty four. St. Jude Medical shares plunge today by
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  Speaker 1: five percent. Carson Block, the renowned short seller and founder
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  Speaker 1: of research for Muddy Waters, warning the tens of thousands
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  Speaker 1: of amra of Americans are living with ticking time bombs,
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  Speaker 1: and that is St. Jude pacemakers and defibrillators that are
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  Speaker 1: easily compromised, causing potentially fatal disruptions. Company says the allegations
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  Speaker 1: are quote absolutely untrue and several layers of security are
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  Speaker 1: in place. Again recapping a move law for stocks with
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  Speaker 1: the DAL, the SMP, and nez Dak all declining today,
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  Speaker 1: the SMP down one tenth of one percent, falling two
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  Speaker 1: points to one two four o two on Wall Street. Now,
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  Speaker 1: let's take a look at other news from around the world.
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  Speaker 1: On Bloomberg Radio, Charlie, Thank you from the Bloomberg news Room,
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  Speaker 1: by Mark Crumpton. A U. S. Navy patrol boat fired
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  Speaker 1: warning shots and an Iranian Revolutionary Guard vessel wednesday in
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  Speaker 1: the Persian Gulf. Our ships were in international waters. Are
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  Speaker 1: sailors were conducting themselves professionally as they are trained to do,
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  Speaker 1: and we did not see the same from the Iranian
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  Speaker 1: boats on the other side. That was spent on Prince
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  Speaker 1: Secretary Peter Cook. The incident came a day after a
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  Speaker 1: close encounter between US ships and Revolutionary Guard boats captured
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  Speaker 1: on naval video. The White Houses were reacting to an
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  Speaker 1: extradition request from Turkey for Fetila Gulan, a former imam
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  Speaker 1: the country holds responsible for in signing last month's old coup.
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  Speaker 1: White House Press Secretary johsh Ernest the administration has made
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  Speaker 1: a firm commitment to the Turkish government that we will
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  Speaker 1: consider their requests on the merits, and we've actually followed
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  Speaker 1: up those promises with action. Uh. There are Department of
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  Speaker 1: Justice officials in Turkey right now meeting with their counterparts
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  Speaker 1: to go over the evidence that's been presented. Gulan, who
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  Speaker 1: was exiled in rural Pennsylvania, is a former ally whom
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  Speaker 1: Turkish President rage Urdawan has long accused of trying to
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  Speaker 1: overthrow his government. Gulan has denied any involvement in the
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  Speaker 1: failed coup. The t s A is advising travelers using
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  Speaker 1: LaGuardia Airport to arrive at least two to two and
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  Speaker 1: a half hours before their flight is scheduled to leave,
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  Speaker 1: and even earlier during holiday travel periods. Complaints are piling
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  Speaker 1: up from people arriving late to the airport because of construction.
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  Speaker 1: The agency blames the airport's massive redevelopment project. Global News
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  Speaker 1: twenty four hours a day, powered by more than twenty
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  Speaker 1: hundred journalists and analysts more than one twenty countries. I'm
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  Speaker 1: more Crumpton. This is Bloomberg, Charlie, and we thank you,
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  Speaker 1: and again recapping the tal the SMP and has stack
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  Speaker 1: all declining today, the SMP down one tenth of one percent,
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  Speaker 1: dropping three points to twenty one seventy two. I'm Charlie Pellaton.
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  Speaker 1: That's a Bloomberg business flash. Move around. Motion creates promotion.
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  Speaker 1: I move you moved like they do. I've never seen
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  Speaker 1: anyone move that back hard. People's moved like to get
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  Speaker 1: a purpose. Just warning you stamp computers from really slow
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  Speaker 1: as you 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: pimp box and Kathleen as on Bloomberg Radio. Well, I've
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  Speaker 1: got one, I've got they you so much is kicking
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  Speaker 1: things off on Kathleen Hayes here in Jackson Hole, Wyoming.
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  Speaker 1: The Kansas City Fed Symposium kicks off tonight. But the
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  Speaker 1: market is moving ahead of that. In fact, when you
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  Speaker 1: look on your Bloomberg you will see inside the SMP
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  Speaker 1: five hundred you had two hundred and seventy six gainers,
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  Speaker 1: two hund thirty three losers, six closing unchanged. Uh. My
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  Speaker 1: call was Pim Fox in our New York studio along
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  Speaker 1: with Dave Wilson are stocks editor. Dave, please kick it
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  Speaker 1: off for us absolutely. Let's take a look at International Paper. Now,
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  Speaker 1: there's been some back and forth lately about the price
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  Speaker 1: of container board UH, used in packaging, and the Deutsche
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  Speaker 1: Bank was out with a note today saying that International
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  Speaker 1: Paper wants to raise prices for container board by fifty
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  Speaker 1: dollars a ton as of October one. UH. The note
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  Speaker 1: from analyst Debbie Jones cited unnamed people in the industry.
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  Speaker 1: We try to contact International Paper for comment Uh, couldn't
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  Speaker 1: reach anyone, you know that's at International Paper Shares up
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  Speaker 1: about four percent in today's trading, and Rivals moved higher
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  Speaker 1: as well, West Rock with a game of five point
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  Speaker 1: nine percent and Packaging Corporate America up three and a
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  Speaker 1: half percent. I'll tell you about Signet Jewelers. Shares of
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  Speaker 1: Signet Jewelers down more than twelve and a half a
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  Speaker 1: percent after the company posted earnings and revenue below analyst
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  Speaker 1: estimates for the seventeen fiscal second a quarter. UH, the
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  Speaker 1: jeweler based in Bermuda, reported earnings suggested earnings of a
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  Speaker 1: dollar fourteen to share. Analysts were expecting earnings of a
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  Speaker 1: dollar forty five. Same store sales down two point three
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  Speaker 1: percent during the same period of time, and the company
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  Speaker 1: says that we're disappointed by the second quarter results. Market
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  Speaker 1: conditions have been challenging, particularly in what they describe as
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  Speaker 1: energy dependent regions. Shares of Signet Jewelers down more than
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  Speaker 1: twelve and a half percent. Well, you know, Pammy, You've
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  Speaker 1: just got me thinking about jewelry now, So I've got
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  Speaker 1: to look at Tiffany ups seven percent today. It posted
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  Speaker 1: second quarter profit the topped analyst estimate a clamp down
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  Speaker 1: on cost help but whether sluggish demand from its affluent customers.
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  Speaker 1: Earnings were eighty four cents to share for the period
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  Speaker 1: end of July thirty one on projections of seventy one cents.
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  Speaker 1: And of course there is a global economic turbulence and
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  Speaker 1: you can have high end luxury customers. That's an issue.
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  Speaker 1: Our Blipic intelligence team has looked a lot at changes
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  Speaker 1: in the dollar, changes in the global economy and how
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  Speaker 1: it affects people come to the US to shop for
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  Speaker 1: things like jewelry. I want to talk about express Scripts,
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  Speaker 1: one of the biggest drug benefit managers, because this whole
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  Speaker 1: issue with my Land and the price increases on its
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  Speaker 1: allergy shot EpiPen have really come home to roost in
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  Speaker 1: terms of express Scripts and its competitors. Uh, you know,
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  Speaker 1: the question is if my Lands raising prices, who gets
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  Speaker 1: the money? I mean, the focus has really been on
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  Speaker 1: the drug maker itself so far. Now people are kind
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  Speaker 1: of broadening their look and uh, they're seeing these these
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  Speaker 1: pharmacy benefit managers as beneficiaries as well. Now. Express Scripts
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  Speaker 1: told us via email that in many cases, employers are
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  Speaker 1: shouldering most of the cost increases for EpiPen. Nonetheless, you've got.
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  Speaker 1: And this all reflects the potential for UH my land
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  Speaker 1: to have to cut the price of this treatment outright,
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  Speaker 1: as opposed to offering more incentives, which was what they
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  Speaker 1: did today, more discounts. Express Scripts down six percent on
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  Speaker 1: the day. I also point out CVS Health down three
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  Speaker 1: and a half percent and McKesson down three percent, both
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  Speaker 1: of them affected by this whole issue with EpiPen. Alright,
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  Speaker 1: and I'll just tell you about stand X International. Now,
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  Speaker 1: this is a company that makes many of the products
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  Speaker 1: for food merchandizing, such as display cases, reusable and expendable
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  Speaker 1: UH magnetic components as well. It operates in the United
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  Speaker 1: States as well as overseas, based in Salem, New Hampshire.
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  Speaker 1: But the shares down more than eight and a half
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  Speaker 1: percent after reporting a fourth quarter adjusted earnings per share
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  Speaker 1: that were below analysts estimates. They missed by four cents.
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  Speaker 1: The company also missing in terms of revenue. They said
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  Speaker 1: that they had a hundred and ninety three million dollars
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  Speaker 1: in sales estimate war for two hundred million dollars in sales.
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  Speaker 1: Shares of stand X down more than eight and a
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  Speaker 1: half percent. All right, it's time now for the volatility
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  Speaker 1: today up more than three percent, up zero point four five,
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  Speaker 1: settling at thirteen point eight nine and VIX short positions
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  Speaker 1: are historic lows. And if you take a look at
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  Speaker 1: the cash VIX, it has really collapsed since the June
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  Speaker 1: Brexit vote. Uh, and the VIX futures curve has also
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  Speaker 1: shifted lower. All right, Dave, you're my name is Dave.
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  Speaker 1: Just what do you think you're doing? We're going Wilson, Dave, Dave,
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  Speaker 1: al right, Mr Wilson, drumroll please. Stock of the day.
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  Speaker 1: Horizon Global, that's right. This is a company that makes
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  Speaker 1: trailer hitches, toe bars and related products. Used to be
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  Speaker 1: known as Sequent spelled c E q U E n
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  Speaker 1: T before being spun off about fourteen months ago by
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  Speaker 1: the manufacturer Trimas. Horizon Global shares are listed under the
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  Speaker 1: ticker h z N. They told me as much as
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  Speaker 1: during the first four and a half months of trading.
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  Speaker 1: Then they recoop the loss with help some from some
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  Speaker 1: well received Darney's reports. Today, Horizon Global made its first
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  Speaker 1: deal since the spin off. The company agreed to buy
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  Speaker 1: a German tobar producer West Failure Group for about a
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  Speaker 1: hundred and twenty five million dollars in cash and style.
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  Speaker 1: The seller is an investor group led by DPE deuts
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  Speaker 1: to private equity. Horizon Global said in a statement that
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  Speaker 1: the purchase will add to earnings next year and lead
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  Speaker 1: to a significant profit increase in future years, and that
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  Speaker 1: prospect went over well with investors. Shares of Horizon Global
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  Speaker 1: reach the record eighteen dollars and fifty cents in today's trading.
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  Speaker 1: They closed at seventy seven. That works out to gain
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  Speaker 1: about fifteen and a half percent, the biggest ever for
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  Speaker 1: Horizon Global shares. Thank you very much, Dave Wilson, Bloomberg
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  Speaker 1: Stocks Columns. You can send Dave an email at d
• 11:36
  Speaker 1: Wilson at Bloomberg dot net and sign up for his
• 11:39
  Speaker 1: daily free email newsletter. It will make you a smarter investor.
• 11:44
  Speaker 1: And you can follow him on Twitter at the One Dave.
• 11:48
  Speaker 1: You can also follow my co host Kathleen Hayes at
• 11:51
  Speaker 1: Kathleen Underscore Hayes and you can follow me pim Fox
• 11:55
  Speaker 1: at pim Fox. This his Bloomberg coming up on taking stock,
• 12:07
  Speaker 1: will be speaking with Tom Tucci. He is the head
• 12:09
  Speaker 1: of Treasuries Trading in New York at CIBC World Markets.
• 12:14
  Speaker 1: He says if central banks continue to take supply out
• 12:17
  Speaker 1: of the market, it's difficult for rates to move up.