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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: a Boomberg business druckt from Bloomberg World Headquarters. Sim Charlie
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  Speaker 1: Pellet there at his sound of the closing bell at
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  Speaker 1: the New York Stock Exchange as we wrap up trading
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  Speaker 1: on this Thursday, June sixteen, folks from Stanley Black and
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  Speaker 1: Deck or ringing that closing bell were brought to you
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  Speaker 1: by Sector Spider et F S. Why by a single
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  Speaker 1: stock when you can invest in the entire sector of
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  Speaker 1: visits Sector sp d r S dot com or call
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  Speaker 1: on six Sector e t F A big recovery for
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  Speaker 1: stocks after a five day retreat. The SMP five index
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  Speaker 1: up today by six points to two thousand, seventy eight,
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  Speaker 1: reversing earlier losses, picking up three tents of one percent,
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  Speaker 1: the SMP wiping out all of a one percent drop down.
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  Speaker 1: Industrials up ninety four, a gain of five tenths of
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  Speaker 1: one percent, as stack up nine, a gain of two
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  Speaker 1: tenths of one percent. Investors still debating yesterday's FED decision
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  Speaker 1: and press conference. Jonathan Golub is Chief US market strategist
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  Speaker 1: at RBC Capital Markets. He was our guest minutes ago
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  Speaker 1: right here on taking stocks is as economic nirvana. There's
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  Speaker 1: no such thing is exactly perfect. But if you're running
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  Speaker 1: inflation of even just with the Fed's measure just under
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  Speaker 1: two and unemployment under five, you just you should have
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  Speaker 1: higher rates. And so as we move through the year,
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  Speaker 1: if we get through these concerns about Brexit and other things,
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  Speaker 1: and volatility drift down a little bit lower, um, I
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  Speaker 1: think the Fed is going to really be forced to
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  Speaker 1: take to continue to gradually raise rates. And then there
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  Speaker 1: is the Brexit vote one week from today. Jacob Kaca Guard,
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  Speaker 1: Senior Fellow at the Peterson Institute for International Economics, also
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  Speaker 1: interviewed right here on taking Stock. The reality is that
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  Speaker 1: this campaign will have, especially after today's tragic events, will
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  Speaker 1: have made or made the country split even more over
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  Speaker 1: the issue of immigration, and that includes both the Conservative
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  Speaker 1: and the Labor Party. So fundamentality, in the long run,
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  Speaker 1: the UK will have become a more difficult place to
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  Speaker 1: govern after this campaign. Gold a Lord today by two
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  Speaker 1: sixty down two tenths of one per cent, four oh
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  Speaker 1: two on Wall Street. Now let's look at other news
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  Speaker 1: from around the world on Bloomberg Radio. Thank you Charlie
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  Speaker 1: from Bloomberg News Room. I'm David Gura. UK police say
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  Speaker 1: a British lawmaker has died after being shot during a
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  Speaker 1: meeting with constituents. Joe Cox, a Labor Party member of Parliament,
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  Speaker 1: was forty one years old and was elected last year.
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  Speaker 1: Police arrested a suspect. Campaigning has been suspended for the
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  Speaker 1: day in the referendum on whether the UK should leave
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  Speaker 1: the European Union. How Speaker Paul Ryan has responded to
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  Speaker 1: calls for gun control reform in the wake of the
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  Speaker 1: mass shooting in Orlando, Ryan saying going after the Second
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  Speaker 1: Amendment is not the way to stop terrorism. Instead, he says,
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  Speaker 1: we must focus on foreign policy. Not only do we
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  Speaker 1: need a better policy with respect Iraq and Syria and
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  Speaker 1: fighting terrorists and preventing ISIS from expanding and growing, we
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  Speaker 1: need to have a better job and a better handle
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  Speaker 1: on homegrown jihad and on combating the ideology itself. Meanwhile,
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  Speaker 1: Senate Minority Leader Harry Reid says the fifteen hour filibuster
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  Speaker 1: on the Senate floor that ended early this morning is
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  Speaker 1: a signal to the country that Democrats won't cave to
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  Speaker 1: the National Rifle Association when it comes to gun control.
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  Speaker 1: Thinking late wednes New morning and ending early Thursday morning,
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  Speaker 1: the entire nation who watched the Junior Center from Connecticut
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  Speaker 1: give our Republican colleagues a lesson a number of things,
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  Speaker 1: not the least of which is courage. The top lawyers
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  Speaker 1: at forty four U S companies are urging the Senate
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  Speaker 1: to consider the nomination of Judge Merrick Garland for the
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  Speaker 1: Supreme Court. In the letters sent today at the top
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  Speaker 1: members of the Judiciary Committee General Councils called Garland quote
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  Speaker 1: exceptionally well qualified. A woman who falsely portrayed herself as
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  Speaker 1: a Superstorm Sandy victim to get free hotel rooms and
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  Speaker 1: relief aid has pleaded guilty to a felony charge. Attorney
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  Speaker 1: General Eric Sniderman's as Katerina Curtolo has been ordered to
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  Speaker 1: pay more than eighty seven thousand dollars in restitution to
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  Speaker 1: the city and the American Red Cross. Global News twenty
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  Speaker 1: four hours a day, powered by our journalists in more
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  Speaker 1: than a hundred fifty news beeraus around the world. From
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  Speaker 1: the Bloomberg News Room, I'm David Garray Charlie, and we
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  Speaker 1: thank you just getting word from Oracle reporting fourth quarter
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  Speaker 1: adjusted earnings per share of eighty one cents. Estimates. There
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  Speaker 1: a word for eighty two cents. Fourth quarter adjusted revenue
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  Speaker 1: ten point six billion estimate there was for ten point
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  Speaker 1: five billion, again recapping a move higher for US equities
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  Speaker 1: SMP five hundred indecks up six to two thousand, seventy eight,
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  Speaker 1: a gain of three tenths of one percent. I'm Charlie Pellett,
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  Speaker 1: and that's a Bloomberg business flash move around most and
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  Speaker 1: creates the motion. Move you move like they do. I've
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  Speaker 1: never seen anyone move that back tired Peoplet's move like
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  Speaker 1: you've got a purpose. He's called movers and shakers. It
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  Speaker 1: costs a little more. That name cracked me up. Bloomberg
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  Speaker 1: taking stock movers and shakers with bim Box and Gatlin's
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  Speaker 1: on Bloomberg Radio. Movers and Shakers for Thursday, June the
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  Speaker 1: sixteen twenty is sixteen. Taking a look at the constituents
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  Speaker 1: of the SMP five hundred, three hundred and eleven issues
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  Speaker 1: move higher, one hundred and ninety three decline, and one
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  Speaker 1: remains unchanged. That's bringing Bloomberg stocks comm is that Dave
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  Speaker 1: Wilson to begin our movers and shakers. Dave Well Charlie
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  Speaker 1: Pella mentioned the headlines out of Oracle that stock up
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  Speaker 1: one point six percent late trading. I'll tell you though,
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  Speaker 1: the story of the past hour is Viacom hands down.
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  Speaker 1: Controlling shareholders sum the red Stone oustad chief executive Philippe
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  Speaker 1: Dowman and four others as directors of the media company
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  Speaker 1: and named their replacements. And Viacom's lead independent director, Fred Salerno,
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  Speaker 1: was one of those that was purged from the media company.
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  Speaker 1: Red Stones National Amusements filed the lawsuits were from the
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  Speaker 1: validity of the move. Now all that's change. Actually, like
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  Speaker 1: bt I g to raise Viacom to buy from Neutral.
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  Speaker 1: Analyst Rich Greenfield in a report describing this as a
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  Speaker 1: possible first step toward the reunification of Viacom and CBS,
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  Speaker 1: both controlled by National Amusements, and Viacom shares are up
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  Speaker 1: six point eight percent in today's training and just to
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  Speaker 1: take a quick look at CBS up to a point
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  Speaker 1: four percent. You got it, twocent. Well, let's look at
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  Speaker 1: one the fell today. And since we're fans of aviation
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  Speaker 1: on taking stock, I want to look at American Airlines.
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  Speaker 1: It's uh stock closing lower by more nearly four and
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  Speaker 1: a half percent. Now what happened? Bank of America Marylynch
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  Speaker 1: downgraded American Airlines to underperform from neutral, as it was
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  Speaker 1: lowering its seventeen earnings estimates for the entire airline industry.
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  Speaker 1: On guess what we've got the reversal of those super
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  Speaker 1: low oil prices. They've moved higher, So that's the culprit.
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  Speaker 1: In fact, analyst said they're suck and half sixteen to
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  Speaker 1: twenty seventeen fuel curve outlook is now twenty percent to
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  Speaker 1: sixteen percent ahead of their models. And if you don't
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  Speaker 1: expect any jump in airline bookings, you have to lawyer
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  Speaker 1: earnings per share outlook as they did by seventeen to
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  Speaker 1: thirteen percent on average PM. Let me talk about the
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  Speaker 1: shares of Smith and Wesson up one and a quarter
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  Speaker 1: percent today. This comes after they reported fourth quarter results
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  Speaker 1: that were better than analysts estimates. Fourth quarter earnings per
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  Speaker 1: share sixty six cents. The estimate was for fifty four cents.
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  Speaker 1: And I say that net sales of two hundred and
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  Speaker 1: twenty one million better than analysts estimates of two hundred
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  Speaker 1: and fourteen million. Shares of Smith and Wesson up one
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  Speaker 1: and a quarter percent today. Well, we have to mention Mark,
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  Speaker 1: the drugmaker released study results showing the cancer treatment key
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  Speaker 1: Truda worked better than chemotherapy and patients with the most
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  Speaker 1: common form of lung cancer. Now, key Truda is already
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  Speaker 1: used to treat melanoma. It's ahead of for blockbuster status.
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  Speaker 1: That means billion dollars plus in annual sales. And the
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  Speaker 1: prospect of this new use for the treatment, well, that's
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  Speaker 1: set merch shares up two and a Bristol Myers squib
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  Speaker 1: which is also working on drugs to treat this form
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  Speaker 1: of lung cancer, that stocked down one Macie's that stock
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  Speaker 1: moving up today one on a quarter per cent after
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  Speaker 1: it struck a deal with its union. They had to
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  Speaker 1: extend the deadline past last night at midnight, but it
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  Speaker 1: is a big deal. The stock definitely moved higher, a
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  Speaker 1: big hang up at first. I liked, say what they got?
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  Speaker 1: I mean they got substantial wage increases, more affordable healthcare,
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  Speaker 1: and new scheduling rules that don't enquire employees work on
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  Speaker 1: holidays like Thanksgiving and Christmas. Um the union saying the
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  Speaker 1: premiums that they're paying now for healthcare at Macy's are
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  Speaker 1: just too high. The deductible him three thousand dollars for
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  Speaker 1: an individual worker and six thousand for a family. So
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  Speaker 1: Macy's recognizing that and making some concessions. I'll just say
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  Speaker 1: briefly about this, UH Stanley Black and Decker inasmuch as
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  Speaker 1: they rang the closing bell today on Wall Street. UH
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  Speaker 1: Stanley Black and Decker shares up about two tenths of
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  Speaker 1: a percent. About an interesting report from Wells Fargo with
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  Speaker 1: an outperform rating on Stanley Black and Decker, saying that
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  Speaker 1: the divestment of it's what they call the mechanical locks
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  Speaker 1: business to Allegion would be nicely a creative for Legion
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  Speaker 1: and for Stanley Black and Decker, and Wells Fargo says
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  Speaker 1: the deal could be uh useful for Stanley Black and
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  Speaker 1: Dead because they could use the proceeds for purchases of
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  Speaker 1: more strategic assets. Now it's time for the Volatility Index Report,
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  Speaker 1: Briggs at the Vix actually down today though point seven
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  Speaker 1: five in nineteen point three nine, but June a week
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  Speaker 1: from today we could see hot stuff. All right, Dave,
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  Speaker 1: you're up? Uh hi, my name is Dave. Just what
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  Speaker 1: do you think you're doing? We're going for the price, Dave,
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  Speaker 1: Dave Hey, Mr Wilson. Always a pleasure take us through
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  Speaker 1: the aisles of Central Garden and Pet. Okay, well, they
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  Speaker 1: actually make stuff that goes into the aisles of uh
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  Speaker 1: lawn and garden retailers and pets suppliers, and I mean
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  Speaker 1: really the lines of business are reflected in any They
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  Speaker 1: started nine is the distributor of lawn garden supplies of
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  Speaker 1: the nineteen nineties. Company moved into production and expanded it's
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  Speaker 1: a pet supplies through takeovers. And for the sake of
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  Speaker 1: full disclosure, I will tell you that my brother in
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  Speaker 1: law warts there, so I've known about the company for years.
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  Speaker 1: Central Garden went public in ninete and created non voting
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  Speaker 1: Class A shares in two thousand seven. Class A ticker
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  Speaker 1: c E N t A. It's older common shairs which
• 11:04
  Speaker 1: have voting rights trade under the ticker c E n
• 11:06
  Speaker 1: T now. Both classes set records today after sun Trust
• 11:11
  Speaker 1: Robinson Humphrey recommended buying them for the first time since September.
• 11:16
  Speaker 1: Alice William Chappell raised its twelve month price estimate by
• 11:19
  Speaker 1: sixty seven percent to thirty dollars of share. Chapel wrote
• 11:22
  Speaker 1: in a report the Central Garden will benefit from having
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  Speaker 1: former Chlorox chief operating officer George Roth as its chief executive.
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  Speaker 1: Roth took over in June one from John Ronnelly, who
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  Speaker 1: retired after three years in the position. Central Garden Class
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  Speaker 1: A shares up almost twelve and a half percent in
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  Speaker 1: today's training, and the common chairs did even better. They
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  Speaker 1: gained almost fourteen percent. Hey Willson, thanks so much our
• 11:46
  Speaker 1: stock center. You can follow him on Twitter at the
• 11:49
  Speaker 1: One Day Cannabis. It's an industry that is growing rapidly.
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  Speaker 1: We're going to find out about a new pharmaceutical coming
• 11:58
  Speaker 1: coming up next Bloomberg Radio. Bloomberg Taking Stock is brought
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