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

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  Speaker 1: Gloomboo Business News twenty four hours a day at Bloomberg
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  Speaker 1: This is a Bloomberg Business for from Bloomberg World Headquarters.
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  Speaker 1: I'm Charlie Pellock. Sound of the closing bell at the
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  Speaker 1: New York Stock Exchange as we wrap up trading on
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  Speaker 1: this Friday. May their team tend it is on to
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  Speaker 1: the weekend. Folks from Sensata Technologies ringing that closing bell,
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  Speaker 1: stock slower s and P five hundred index dropping three
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  Speaker 1: weeks in a row amid lackluster results from large retailers,
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  Speaker 1: while data signaling consumers remain healthy, added to a case
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  Speaker 1: for higher interest rates. This update is brought to you
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  Speaker 1: by Sector Spider E t F S. Why by a
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  Speaker 1: single stock when you can invest in the entire sector.
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  Speaker 1: Visits Sector sp d r S dot com or call
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  Speaker 1: one six six Sector e t F More pain today
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  Speaker 1: for retailers after disappointing results. Nords from Town thirteen point
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  Speaker 1: four percent, Macy's unchanged today, but j C. Penny after
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  Speaker 1: its latest report down two point eight percent. Marshall Cohen
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  Speaker 1: is chief industry analyst at np D Group. He was
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  Speaker 1: interviewed right here on the Bloomberg advantage, he says fashion
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  Speaker 1: is not helping retailers either, in addition to everything else
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  Speaker 1: they're facing. You know how, the big uh trend for
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  Speaker 1: the whole season of fifteen and now into steen has
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  Speaker 1: been this movement towards more athletic inspired product. So imagine
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  Speaker 1: what stores are doing. They're selling, you know, stretched leggings
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  Speaker 1: for forty dollars where they used to sell stretched denim
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  Speaker 1: for a hundred and fifty dollars. They have to sell
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  Speaker 1: two and three times as much merchandise to make up
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  Speaker 1: those lost dollars. Down Industrials down one hundred eighty five points,
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  Speaker 1: dropped there of one percent, SMP five hundred index down
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  Speaker 1: for a third week, falling seventeen points to end the
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  Speaker 1: week at twenty six, a drop of nine tenths of
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  Speaker 1: one percent, than asastan composite index down nineteen to drop
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  Speaker 1: a four tenths of one percent. The tenure of fifteen
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  Speaker 1: thirty seconds deal there one point seven percent, and gold
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  Speaker 1: up three tenths of one percent. Are by three to twelve.
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  Speaker 1: It is four oh two on Wall Street. Now, let's
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  Speaker 1: take a look at some of the other stories making
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  Speaker 1: us from around the World, Charlie, thank you from the
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  Speaker 1: Bloomberg News Room. I Mark Crumpton. Homeland Security Secretary J
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  Speaker 1: Johnson says there will be wait times for flights this summer,
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  Speaker 1: but he says the Transportation Security Administration is doing what
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  Speaker 1: it can to reduce delays without sacrificing security. We have
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  Speaker 1: developed a ten point plan that will keep passengers moving
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  Speaker 1: and most importantly, keep passengers safe. Secretary Johnson says that
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  Speaker 1: plan includes more transportation security officers, more overtime pay, more
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  Speaker 1: training and planning with the nation's busiest airports. Donald Trump
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  Speaker 1: says he's not going to reveal his tax rate or
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  Speaker 1: make his returns blake until an audit of his businesses
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  Speaker 1: has been completed. He spoke to ABC's George Stephanopolis that
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  Speaker 1: built a massive business, and I want to make sure
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  Speaker 1: that everything is perfect. It's a routine audit. I want
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  Speaker 1: to get through the audit first, and that's what I'll do.
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  Speaker 1: There have been many presidents that have not shown their
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  Speaker 1: tax returns. Actually, every single nominees since nineteen seventy six
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  Speaker 1: has released seventy six people didn't do it. I mean
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  Speaker 1: it used to be a secret thing. I don't want
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  Speaker 1: it to be secret, but I do want the order
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  Speaker 1: to get finished. Canadian Prime Minister Justin Trudeaus and Fort
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  Speaker 1: McMurray to assess the damage caused by a raging wildfire
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  Speaker 1: that forced the evacuation of more than eighty eight thousand people.
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  Speaker 1: The world's oldest person has died in New York. Susannah
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  Speaker 1: Moshah Jones was one hundred sixteen. She was born in
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  Speaker 1: Alabama in eighteen ninety nine. Her death leaves a one
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  Speaker 1: hundred sixteen year old woman from Italy as the world's
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  Speaker 1: oldest person and last living person born in the eighteen hundreds.
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  Speaker 1: Global News twenty four hours a day, powered by our
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  Speaker 1: twenty four hundred journalists and more than one hundred fifty
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  Speaker 1: news bureaus around the world. From the Bloomberg News Room,
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  Speaker 1: I'm Mark Crumpton, Charlie, and we thank you and again
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  Speaker 1: recapping a losing day on Wall Street down for three
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  Speaker 1: weeks in a row, the Dow dropping a hundred and
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  Speaker 1: eighty five points, down one percent, SMP five hundred, Index
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  Speaker 1: Town seventeen a drop of point nine percent. I'm Charlie
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  Speaker 1: Pellett and dance a Bloomberg Business flash move around. Morten
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  Speaker 1: Grads emotion at the elite move you moved like they do.
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  Speaker 1: I've never seen anyone move that fan hard people. Let's
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  Speaker 1: move like to great A purpose that was called movers
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  Speaker 1: and shakers. They cost a little more and 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 As on Bloomberg Radio. Well, our
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  Speaker 1: live broadcast continues from Elbow Beach, Bermuda and Ocean Front
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  Speaker 1: on Cleylo Classic style and contemporary Luxury's certainly had some
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  Speaker 1: are Bermudians moving and shakers on our show today. Everyone
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  Speaker 1: from the honorable Michael Duck Dunkley, He's Bermier Bermuda, talked
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  Speaker 1: a lot about what's driving business and the economy here
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  Speaker 1: at Burns, he's managing director here at Elbow Beach, Bermuda.
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  Speaker 1: We want to bring in now bring him back our
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  Speaker 1: Stocks editor David Wilson Day, We do wish you were
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  Speaker 1: here in Bermuda with us your Bloomberg World headquarters to
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  Speaker 1: kick off Bloomberg Bloomberg Movers and Shakers. But I just
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  Speaker 1: have to save why the internals on the SMP five
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  Speaker 1: hundred only seventy three uh issues closing higher four or
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  Speaker 1: thirty lower five unchanged and it certainly UH down day,
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  Speaker 1: no doubt about it. And then one of the stocks
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  Speaker 1: that fell in today's trading as PepsiCo. You know, money
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  Speaker 1: managers have until Monday to make their thirteen f files
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  Speaker 1: as they're called with the Securities and Exchange Commission quarterly
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  Speaker 1: disclosure of their holdings. Billionaire investor Melts and Pelts is
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  Speaker 1: Try and Find management made it's filing today and PepsiCo
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  Speaker 1: was conspicuous by its absence. Now this is stock to
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  Speaker 1: try and first bought back in twleven, Pelts tried to
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  Speaker 1: break apart the beverage business from PepsiCo's Freedol, a snack
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  Speaker 1: unit that didn't work out. He did get a seat
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  Speaker 1: on the board. Nonetheless, uh the last of the try
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  Speaker 1: and shares gone from their holdings as of their their
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  Speaker 1: end of the first quarter based on this filing and
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  Speaker 1: PepsiCo's shares in response following one cent of the day.
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  Speaker 1: Let me tell you about the shares a Freeport mcmaran
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  Speaker 1: following commodity players. F c X is the symbol and
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  Speaker 1: the shares tumbling five and a half percent today. Freeport
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  Speaker 1: mcmaran has said that it had reached an agreement with
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  Speaker 1: Noble Drilling this is a subsidiary of Noble Corp. In
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  Speaker 1: order to cancel two drilling rick contracts. The terms of
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  Speaker 1: the deal include a payment of five hundred and forty
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  Speaker 1: million dollars and uh well a Freeport common stock Renoble
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  Speaker 1: bonds do no later than December of twenty nineteen. They
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  Speaker 1: can use that or they can use cash. Nevertheless, shares
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  Speaker 1: a Freeport Macaren down five and a half percent. Let's
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  Speaker 1: look at Norty's. We haven't heard enough about Nordstrom's yet today,
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  Speaker 1: have we. I mean, what a bad day actually they
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  Speaker 1: reported yesterday and they've cut their earnings forecast for example,
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  Speaker 1: uh two dollars and fifty cents to two dollars and
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  Speaker 1: seventy cents to share for the year. They had been
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  Speaker 1: looking for three dollars and thirty five cents. They cut
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  Speaker 1: their sales drows forecast forecast that came out yesterday. Still,
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  Speaker 1: Northstron continues to decline today, down thirteen point four percent
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  Speaker 1: to thirty nine dollars and change. But it's the it's
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  Speaker 1: the weight of all these companies. Earlier in the week,
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  Speaker 1: Macy's gave this bleak outlook colds also j C Penny
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  Speaker 1: today weaker than UH for weaker than projected sales forecast,
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  Speaker 1: and it is now down two point eight percent to
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  Speaker 1: seven dollars and fifty eight cents this year. Really hard
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  Speaker 1: to tell what's gonna happen these retailers, Marshall Cohen telling
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  Speaker 1: us they got a change summer doing it some are.
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  Speaker 1: I got one more retailer for you that took ahead today.
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  Speaker 1: It's a company called Taylor Brands. They sell men's apparel
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  Speaker 1: and UH, Citron Research that's the short seller. Andrew Left
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  Speaker 1: firm came out with a tweet today talking about all
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  Speaker 1: retail names Taylor Blend. Taylor Brands seems to be the
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  Speaker 1: obvious zero, referring to the share price. We got in
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  Speaker 1: touch with them, found out that Left has been short
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  Speaker 1: this stock, betting onto a decline for some time and
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  Speaker 1: certainly Uh. The fact that Citron is is against this
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  Speaker 1: company got people's attention. And as it's made less of money,
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  Speaker 1: Taylor Brands tick her on this one. T l r
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  Speaker 1: D folding seven point nine percent on the day. I'll
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  Speaker 1: tell you another stock that felt today. This has to
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  Speaker 1: do with oil exploration, a trans ocean symbol R I
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  Speaker 1: g rig down four nearly four and a half PERCENTAIS
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  Speaker 1: comes after Fitch Ratings downgrades trans Ocean to B plus
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  Speaker 1: with outlook a negative if uh. The downgrade reflects really
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  Speaker 1: just lower than previously expected exploration and production capital spending
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  Speaker 1: and offshore rig tendering activity. Means it's just business is lousy.
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  Speaker 1: Also Fitches extending offshore driller recovery profile assumption. That means
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  Speaker 1: that the outlook for business not necessarily great. Shares of
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  Speaker 1: a trans ocean rig down about four and a half percent.
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  Speaker 1: Should we just talk about one stock that's up, just
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  Speaker 1: really quickly, Shake Shack Uh gaining today was up as
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  Speaker 1: much as eight point six at one point, even closer
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  Speaker 1: to nine. Their Q one profit forecast was lifted or
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  Speaker 1: actually what was purported eight cents versus five cents. Sales
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  Speaker 1: came in better, and you know what, they've been adding
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  Speaker 1: a lot of chicken checks. And the CEO talked about
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  Speaker 1: that Shake Shock having a nice day to day. Alright,
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  Speaker 1: chicken checks, All right, good, Well, let me tell you
• 9:47
  Speaker 1: now it's time. But the volatility index reported is brought
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  Speaker 1: to you by the cbo E Vicks Options and futures.
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  Speaker 1: Volatility can be harnessed with cbo E Vicks options and
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  Speaker 1: futures CE disclosures. Learn more at cbo e dot com
• 9:58
  Speaker 1: slash Powerful it comes VIX. The VIX moved higher today.
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  Speaker 1: It was up a little bit more than five per cent,
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  Speaker 1: adding point seven three, closing at fifteen point of fourteen. Now,
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  Speaker 1: relatively speaking, remains the historical measures of the VIX indicates
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  Speaker 1: that currently it remains low, but it's shown some increase
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  Speaker 1: over the past three weeks, and this could indicate that
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  Speaker 1: we're not breaking through to those higher highs equities. Still
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  Speaker 1: remain vulnerable. All right, Dave, you're up. Uh hi, my
• 10:28
  Speaker 1: name is Dave Jes. What do you think you're doing.
• 10:33
  Speaker 1: We're going for the prikedown Wilson, Dave, al right, Mr Wilson,
• 10:43
  Speaker 1: Tell a Doc. I think it's a great concept. But boy,
• 10:46
  Speaker 1: oh boy, another busted I p O out there. Absolutely,
• 10:49
  Speaker 1: I mean. Talla Doc is a company that uses phone
• 10:51
  Speaker 1: and video consultations to diagnose ailments, recommend treatment, and prescribe medication.
• 10:56
  Speaker 1: It's been around since two thousand two. Who went public
• 10:58
  Speaker 1: last June. Shares in under the ticker t d o
• 11:01
  Speaker 1: C or if you like t doc. The company made
• 11:04
  Speaker 1: its initial public offering at nineteen dollars a share. Stock
• 11:06
  Speaker 1: first fell below that price in October and has stayed
• 11:09
  Speaker 1: there since January. Hence the reference to a busted I
• 11:13
  Speaker 1: p O. Tell Doc dropped as low as nine dollars
• 11:16
  Speaker 1: eight cents in March, and a recovery attempt fizzled. After
• 11:19
  Speaker 1: the release of first quarter results late Tuesday, company's loss
• 11:23
  Speaker 1: was wider than analysts average aessement to Bloomberg survey, and
• 11:26
  Speaker 1: its second quarter loss forecast even further away from projections. Now.
• 11:31
  Speaker 1: Tele Doc shares have fallen every day since the results
• 11:34
  Speaker 1: came out, and today was the biggest decline, stock dropping
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  Speaker 1: nine point two per cent, bringing its loss for the
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  Speaker 1: three days to almost fifteen percent. Thank you very much,
• 11:48
  Speaker 1: David Wilson, Bloomberg's Stocks calumnists and our resident music college
• 11:53
  Speaker 1: a Send him an email at d Wilson at Bloomberg
• 11:55
  Speaker 1: dot net and sign up for his daily pre email newsletter.
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  Speaker 1: This this Bloomberg Rate You Bloomberg Taking Stock is brought
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  Speaker 1: security is on the mind of every business leader. Managing
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