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 Global and on your radio.
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  Speaker 1: This is a Bloomberg Business Flash from Bloomberg World Headquarters.
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  Speaker 1: I'm Charlie Publicantal. The SMP NEZ stack all advanced today,
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  Speaker 1: closing at or near their best levels of the session.
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  Speaker 1: Folks from Renaissance read ringing the closing batto of New
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  Speaker 1: York Stock Exchange. We are brought to you by the
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  Speaker 1: American Arbitration Association. Business disputes are inevitable, resolve faster with
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  Speaker 1: the American Arbitration Association, the global leader in alternative dispute
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  Speaker 1: resolution for over eighty five years. Learn more at ad
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  Speaker 1: R dot org. Stocks rebounded from a morning sell off
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  Speaker 1: to fluctuate near a six week high. Treasuries advanced to
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  Speaker 1: as investors await tomorrow's jobs report for clues about the
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  Speaker 1: timing of the federal reserves next policy move. The tenure
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  Speaker 1: up nine thirty seconds, yield there one point eight percent.
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  Speaker 1: SMP five hundred index up five points to twenty one
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  Speaker 1: oh five, a gain of three tents of one percent
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  Speaker 1: down Industrials up forty six points, again of three tents
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  Speaker 1: of one percent, while NASTAC picked up nineteen points an
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  Speaker 1: advanced there of four tents of one percent. Crude lower
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  Speaker 1: little change, down one cent to forty nine dollars oil
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  Speaker 1: holding their forty nine dollars a barrel. Is OPEC members
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  Speaker 1: decided today against setting a new output ceiling. Jason Schenker
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  Speaker 1: is the president and chief economists of Prestige Economics. He
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  Speaker 1: was our guest this afternoon right here on taking stock.
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  Speaker 1: Even though it was a more positive meeting, no production
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  Speaker 1: quota was adopted, no target was adopted. Uh and UH,
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  Speaker 1: I know that the Saudis had worked very hard to
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  Speaker 1: put together what turned out to be quite a complicated
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  Speaker 1: proposal that they thought would make the interests of both
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  Speaker 1: Iran and Saudi and all the rest of the members,
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  Speaker 1: And yet it wasn't accepted. And and there's no production number.
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  Speaker 1: Again and again gold crude well at forty nine dollars
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  Speaker 1: a barrel, Gold down a dollar eight to twelve twelve
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  Speaker 1: ninety the ounce, a drop of two tenths of one percent.
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  Speaker 1: The SMP five had it index up five to five.
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  Speaker 1: Again there of three tenths of one percent, and at
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  Speaker 1: four oh two on Wall Street. Now let's take a
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  Speaker 1: look at other news from around the world on Bloomberg Radio. Charlie,
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  Speaker 1: thank you from the Bloomberg Newsroom. I'm Mark Crumpton. Hillary
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  Speaker 1: Clinton is hitting Donald Trump hard on foreign policy. During
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  Speaker 1: a speech in San Diego, Mrs Clinton said the American
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  Speaker 1: people have a choice to make. It's a choice between
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  Speaker 1: a fearful America that's less secure and less engaged with
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  Speaker 1: the world, and a strong, confident America that leads to
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  Speaker 1: keep our country safe and our economy growing. Mrs Clinton
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  Speaker 1: called Mr Trump fundamentally unfit to be president. How Speaker
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  Speaker 1: Paul Ryan says he will vote for Donald Trump. Speaker
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  Speaker 1: Ryan made the announced via Twitter and in a column
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  Speaker 1: for his hometown newspaper, The Gazette. Ryan had initially expressed
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  Speaker 1: reluctance about supporting Donald Trump. President Obama gave the commencement
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  Speaker 1: address at the United States Air Force Academy in Colorado
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  Speaker 1: Springs today. The President told the graduates the US is
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  Speaker 1: in a better position to lead than any other country
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  Speaker 1: in the world. Our standing in the world is higher,
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  Speaker 1: and I see it in my travels from Habanna, the Berlin,
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  Speaker 1: the hochie Men City. We're a huge crowds of Vietnamese
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  Speaker 1: lined the streets, some waving American flag. Just after that
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  Speaker 1: graduation ceremony, and Air Force Thunderberg jet crashed south of
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  Speaker 1: Colorado Springs just as the President had wrapped up his address.
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  Speaker 1: An Air Force spokeswoman said the pilot ejected. There was
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  Speaker 1: no information on the pilot's condition. No injuries on the
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  Speaker 1: ground were reported. Global News twenty four hours a day,
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  Speaker 1: powered by our journalists in more than one hundred fifty
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  Speaker 1: news bureau around the world from the Bloomberg Newsroom by
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  Speaker 1: Mark Crumpton, Charlie and we thank you, and again recapping
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  Speaker 1: stocks higher across the board, closing at or near the
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  Speaker 1: best level of the day. SMP five hundred index up
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  Speaker 1: five points to oh five again of three tenths of one.
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  Speaker 1: I'm Charlie Pellaton. That's a Bloomberg business flash. Move around
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  Speaker 1: most great promotion. I dearly move. You moved like they do.
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  Speaker 1: I've never seen anyone move that fast hard. People's moved
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  Speaker 1: like to get a purpose. Tothings called movers and shakers.
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  Speaker 1: They cost a little more. That name cracked me up.
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  Speaker 1: Bloomberg taking stock movers and Shakers with Pim Fox and
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  Speaker 1: Kathleen As on Bloomberg Radio. Movers and shakers. That's where
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  Speaker 1: we're going now. Dave Wilson, our stock editor, is in
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  Speaker 1: studio with me, Michael hos Pim Fox out of the office.
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  Speaker 1: This afternoon. We did have a definitive up move. I
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  Speaker 1: would say if you look at the internals of the
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  Speaker 1: SMP five hundred, because three d forty six companies had
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  Speaker 1: their stock price clothes higher, Hunt, five did have theirs
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  Speaker 1: closed lower, and four were unchanged. Dave Wilson, when it
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  Speaker 1: comes to moving and shaking, who do you want to
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  Speaker 1: kick off with? Why not Johnson and Johnson. I mean,
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  Speaker 1: after all, this is a company with three main businesses, drugs,
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  Speaker 1: medical devices, and the smallest one consumer products. Well, Jane
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  Speaker 1: J made a three point three billion dollar deal to
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  Speaker 1: expand the consumer products unit. Companies buying closely held Vogue International,
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  Speaker 1: which makes shampoos, conditioners and styling products. They're sold under
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  Speaker 1: the brand names O g X, f f X Proganics
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  Speaker 1: and Maue Moisture. And the idea of this deal one
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  Speaker 1: over pretty well. Jane J shares with a gate of
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  Speaker 1: one a half percent in today's trading. Well, I want
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  Speaker 1: to take a look at Signet Jewelers. Now, they're very
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  Speaker 1: popular in terms of k Jewelers veils jared all those
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  Speaker 1: cool commercials lately, there about thirty six hundred stores. But
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  Speaker 1: their share price was down pretty sharply today, at one
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  Speaker 1: point as much as four percent. Why because Jim Grant
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  Speaker 1: James Grant's investment newsletter took a critical view of the company,
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  Speaker 1: sparking fears also about a possible Jim swapping scandal. Uh. Now,
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  Speaker 1: Jim Grant, of course admits that he's bearish on Signet uh.
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  Speaker 1: But it did raise concerns, and he focused in on
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  Speaker 1: complaints and questions about Signet's credit operations. This has been
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  Speaker 1: a long standing source of criticism for the chain, some
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  Speaker 1: questions about how they operate more like a finance company
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  Speaker 1: even than a jewelry change, and increased risks of investing
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  Speaker 1: it in the process. His newsletter also mentioned a buzz
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  Speaker 1: Feed story about customers can in their diamonds have been
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  Speaker 1: annoyingly re placed with lesser quality gems, mentioning a Maryland
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  Speaker 1: woman who said her engagement ring purchased at Cave Jeweler's
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  Speaker 1: had its diamond swapped out for a man made stone. Dave, Well,
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  Speaker 1: if you want to talk about a complaint, you have
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  Speaker 1: to look at Oracle. I mean late yesterday, a former
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  Speaker 1: senior finance manager at the business software maker father whistleblower lawsuit.
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  Speaker 1: The plaintiffs slapt Lna Blackburn claims she was told to
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  Speaker 1: inflate revenue from Oracle's cloud computing services. It's their Internet
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  Speaker 1: based programs. Now. Oracle came out denied the allegation, said
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  Speaker 1: they're going to sue Blackburn from malicious prosecution. In the
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  Speaker 1: midst of all this, Oracle shares down four in today's trading.
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  Speaker 1: Okay on to Box now. Box is a seller of
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  Speaker 1: cloud based storage software. This is a big deal, right,
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  Speaker 1: a very growing space. Box actually closing it down by
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  Speaker 1: more than eleven percent of eleven dollars and thirty four
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  Speaker 1: cents a share. In fact, it was the biggest drop
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  Speaker 1: in nearly four months because it reported decelerated billings growth
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  Speaker 1: that missed analyst estimates. A JP Morgan Chase analyst Mark
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  Speaker 1: Murphy downgraded this doctor neutral, studding concerns over boxes strategy
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  Speaker 1: of shifting from multi year prepaid terms to annual contracts,
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  Speaker 1: fewer customers making add on purchases, and an increasing number
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  Speaker 1: of deals being done toward the end of the year,
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  Speaker 1: increasing the seasonality of the business. Earlier, we had Man
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  Speaker 1: Deep sing from limbingg Intelligence Songs, a software analyst talking
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  Speaker 1: about the big deal with Click and uh private equity
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  Speaker 1: group Thomas Brova. Yeah yeah, Click q L I K
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  Speaker 1: gotta love that spelling stock up three of the day.
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  Speaker 1: I'm gonna give you a two fur and there is
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  Speaker 1: a connection between them, So hang out a sec uh.
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  Speaker 1: Nant Health Uh. This is an online provider of healthcare data.
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  Speaker 1: They began trading today after million dollar initial public offering.
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  Speaker 1: Check herund this one is n H shares up almost
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  Speaker 1: thirty three percent on a day. Now here's the key.
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  Speaker 1: Nant Health is among the companies controlled by Patrick Sun Jong,
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  Speaker 1: who last month agreed to buy a twelve point nine
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  Speaker 1: percent stay Contribune Publishing, and we had news out of
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  Speaker 1: that company today. It's the owner of the Chicago Tribune
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  Speaker 1: in the Los Angeles Times Tribute want a proxy fight
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  Speaker 1: with Ghannette at its annual meeting. Tribune previously ejected the
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  Speaker 1: two takeover offers from Gannette, and a person familiar with
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  Speaker 1: the matter told us that Ghannette is leaning towards dropping
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  Speaker 1: its bit. Put that altogether, you got Tribune Publishing shares
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  Speaker 1: down one pent on the day and Gannette higher just
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  Speaker 1: a tens of a present them. Well, let's take a
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  Speaker 1: quick look at L Brands, you know, let's think of
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  Speaker 1: Victoria's Secret. That's who you think of. And their stock
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  Speaker 1: is up for a quarter percent at the close today,
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  Speaker 1: seventy one dollars and change. They said uh today that
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  Speaker 1: a later Memorial Day impacted their same store sales for
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  Speaker 1: me um but but said they were flat last year.
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  Speaker 1: They expected the holiday to lift June same stores sales, however,
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  Speaker 1: since Sunday and Monday at the weekend would be included
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  Speaker 1: in the month. And of course, retailers earned so much
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  Speaker 1: pressure lately that just the fact that you don't do
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  Speaker 1: worse makes people feel better. It is time now for
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  Speaker 1: slash dot com Slash Powerful Outcomes VIX. So the VIX
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  Speaker 1: closing a little bit lower today, down some point five
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  Speaker 1: seven points to thirteen point sixty three. The VIX, of course,
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  Speaker 1: is tracking and trying to recover after its second monthly
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  Speaker 1: decline in May, the second in the past seven Alright,
• 10:48
  Speaker 1: d h Hi, my name is Dave. Just what do
• 10:55
  Speaker 1: you think you're doing today? We're going for a bankbound
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  Speaker 1: wilcome four day. Let's talk American Woodmark. That's my stock
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  Speaker 1: of the day. It's a maker of kitchen and bath cabinets.
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  Speaker 1: Next month is the thirtieth anniversary of its initial public offering.
• 11:13
  Speaker 1: Shares trade under the ticker a m w t D
• 11:16
  Speaker 1: A m w D as an American Woodmark UH. Last
• 11:20
  Speaker 1: year they almost doubled in price, rose to a record
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  Speaker 1: in December that They've been down and up this year,
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  Speaker 1: and today they were down again, and it's because a
• 11:30
  Speaker 1: string of well received earnings reports ended American Woodmarks profit
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  Speaker 1: for the fiscal fourth quarter, trailing onst average estimate to
• 11:37
  Speaker 1: Bloomberg Survey. Company had come out ahead in each of
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  Speaker 1: the previous five quarters and beat the average projection by
• 11:43
  Speaker 1: an average of twenty nine percent, so clearly that didn't
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  Speaker 1: happen this time around. In the fourth quarter, disappointment sent
• 11:49
  Speaker 1: American Woodmark to its biggest one day law since August,
• 11:53
  Speaker 1: company shares falling almost sixteen and a half percent. Ouch.
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  Speaker 1: Dave Wilson, thank you. So much, he's our stock Senator.
• 12:00
  Speaker 1: Follow him on Twitter. At the one day, this is
• 12:02
  Speaker 1: Bloomberg Radio uber getting a three billion dollar plus investment
• 12:09
  Speaker 1: from Saudi Arabia. What does this mean for the company
• 12:13
  Speaker 1: should they get ready to go public? That's coming up
• 12:15
  Speaker 1: now on Bloomberg Radio.