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 you
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  Speaker 1: were done draws so Radio plus Global band on your radios,
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  Speaker 1: a bloon word of business fla from Bloomberg World Headquarters.
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  Speaker 1: I'm Catherine Cowtery and AzaC closing bell sounds. An Industrial
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  Speaker 1: leverage is up twenty two points at tenth of a
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  Speaker 1: percent at seventeen thousand nine number forty six, SMP five
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  Speaker 1: founded up four points and Nathan a percent at one
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  Speaker 1: O two. NAZAC higher by twenty points four tens of
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  Speaker 1: a percent, trading at forty sixty two well. The smp
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  Speaker 1: FI funder drowse for a fourth day and had its
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  Speaker 1: biggest four day rally in at least nine months. There's
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  Speaker 1: speculation that central banks will act to limit the fallout
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  Speaker 1: from the UK's vote to leave the European Union. Equities
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  Speaker 1: added to a rebound that's nearly wiped out losses from
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  Speaker 1: the worst two day drop in ten months after the
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  Speaker 1: surprise Brexit vote. Down Manley, chief Equity strateg as it
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  Speaker 1: well as Fargo Funds Management, says investors are still assessing
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  Speaker 1: the impact of Brexit. We still don't know exactly what
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  Speaker 1: form this is going to take, but it's very premature
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  Speaker 1: to get very negative or very positive on it. I
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  Speaker 1: think what happens is, uh, the governments, the politicians sort
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  Speaker 1: of feeled their way along the edge. Market provides ample
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  Speaker 1: guidances to what we like and what we don't like.
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  Speaker 1: And in other markets, the West Tessex, Texas intermediate crude
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  Speaker 1: oil is up eighty five cents a barrel one point
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  Speaker 1: eight percent at eighteen spockuled up twenty five dollars twenty cents,
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  Speaker 1: and ounce at thirty seventy ten year treasury up seven
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  Speaker 1: thirty seconds, with the yield of one point four four percent.
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  Speaker 1: Among today's top business stories, Puerto Rico is skipping a
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  Speaker 1: record nine hundred eleven eleven million dollars of bond payments
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  Speaker 1: due today. It's a culmination of a more than year
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  Speaker 1: long effort to force creditors into restructuring what island and
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  Speaker 1: federal officials have characterized as a crushing debt burden. The
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  Speaker 1: biggest misspayment is for seven hundred eighty million dollars of
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  Speaker 1: general obligation bonds. Yesterday, Presidential Llamas signed a bill into
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  Speaker 1: law that sets a debt restructuring in motion and shelters
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  Speaker 1: the island from liability ETNA is apparently preparing to sell
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  Speaker 1: assets where several billion dollars as it seeks to quell
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  Speaker 1: regulatory concerns over its proposed thirty seven billion dollar take
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  Speaker 1: over a smaller rival, Humana. People familiar with the matters
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  Speaker 1: say the health insurer is working with advisers to identify
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  Speaker 1: a portfolio of assets that could have invested, reduced any
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  Speaker 1: significant overlap and now look at some of the other
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  Speaker 1: stories were following on Bloomberg Radio. Catherine, thank you from
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  Speaker 1: the Bloomberg Newsroom. I'm Mark Crumpton. In Bangladesh, local television
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  Speaker 1: reports that two policemen are dead and over thirty people,
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  Speaker 1: including twenty foreigners, are being held hostage after gunmen stormed
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  Speaker 1: a restaurant in the capital's diplomatic zone. The gunman set
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  Speaker 1: off explosives and exchange fire with security forces. The State
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  Speaker 1: Department says the US Embassy in Dhaka has accounted for
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  Speaker 1: all the U s citizens who are under the authority
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  Speaker 1: of the Diplomatic Chief of Mission. There you want. Attorney
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  Speaker 1: General Loretta Lynch has acknowledged that an impromptu meeting with
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  Speaker 1: Bill Clinton at a Phoenix airport, in her words, cast
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  Speaker 1: a shadow on the public perception of the email investigation
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  Speaker 1: involving former Secretary of State Hillary Clinton. The Attorney General
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  Speaker 1: addressed the controversy at the Aspen Ideas Festival in Colorado.
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  Speaker 1: It's important to make it clear that that meeting with
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  Speaker 1: President Clinton does not have a bearing on how this
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  Speaker 1: matter is going to be reviewed, resolved, and accepted by me.
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  Speaker 1: President Obama says that a vaccine for the zeke of
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  Speaker 1: virus could be developed quote in fairly short order if
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  Speaker 1: Congress acts quickly to pass a bill to prevent the
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  Speaker 1: spread of the disease. The President says, with searchers are
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  Speaker 1: beginning to develop and test a vaccine for the mosquito
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  Speaker 1: born virus. He says that if the effort is well funded,
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  Speaker 1: He's again quoting, fairly confident and effective vaccine could be
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  Speaker 1: developed before the virus spreads to the continental US presidents
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  Speaker 1: trying to pressure Congress to pass a Zeker prevention bill
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  Speaker 1: that has been stalled for weeks. Global News twenty four
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  Speaker 1: hours a day, powered by more than journalists and analysts
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  Speaker 1: in more than one your twenty countries. I'm Mork Crumpton.
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  Speaker 1: This is Bloomberg. Catherine. Thank you. Now let's get an
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  Speaker 1: update of the equity benchmarks as they begin to settle.
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  Speaker 1: Dell Industrial laverage of eighteen points to seventeen thousand, ninety eight,
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  Speaker 1: smp F I founded up four points to one O two,
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  Speaker 1: the nastacup twenty points at forty eight sixty two. And
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  Speaker 1: that's a Bloomberg business flash. Move around, mortembray promotion up.
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  Speaker 1: Feel move you moved like they do. I've never seen
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  Speaker 1: anyone move that fast. Find people. Let's moved like to
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  Speaker 1: get a purpose. Something's called movers and shakers. They cost
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  Speaker 1: a little more. That name cracked me up. Bloomberg taking
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  Speaker 1: stock movers and shakers with pim Box and Kathleen as
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  Speaker 1: on Bloomberg Radio, a small we get to get another
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  Speaker 1: gain in the stock market today, the S and P
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  Speaker 1: five hundreds, Katherine just reported gaining about four percent. As
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  Speaker 1: we look inside the SMP five hundred, we see that
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  Speaker 1: today two companies can say, yes, how nice. Our share
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  Speaker 1: price closed higher, two seven souther share prices closing lower,
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  Speaker 1: four unchanged. Dave Wilson, our stock editor, joins me. Now
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  Speaker 1: we're gonna take a look at what's moving and shaking
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  Speaker 1: at the market closed. Dave, what do you want to
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  Speaker 1: start with? I'll tell you shareholders are Harley Davidson had
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  Speaker 1: an especially nice day in today's trading. Share in the
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  Speaker 1: motorcycle maker rose on speculation that there may be a
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  Speaker 1: takeover offer coming from the buyout firm k k R. Now.
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  Speaker 1: This popped up in tweets from the likes of ben
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  Speaker 1: Zinga dot Com, the Fly on the Wall, and open
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  Speaker 1: out Crier. Harley declined comment. Now Raymond James Analysts wrote
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  Speaker 1: that he was skeptical about the possibility of this deal. Nonetheless,
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  Speaker 1: asked Harley Davidson's shares biggest gay in the SMP five
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  Speaker 1: hundred by far, up almost twenty percent, and that was
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  Speaker 1: the steepest advance for the shares since March two thousand nine.
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  Speaker 1: So if I don't know, if you're familiar with the
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  Speaker 1: ancient Chinese wisdom, the two wisdom of the Eaching, because
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  Speaker 1: the idea is whoever is up is going to be down,
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  Speaker 1: who vers down is going to be up. Well, Chippotle
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  Speaker 1: won such a high flyer, they couldn't do anything wrong.
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  Speaker 1: Right now they're down, and it seems like they're having
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  Speaker 1: a tough time doing everything right from their E Coli
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  Speaker 1: and neurovirus outbreaks over and over and over again to
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  Speaker 1: now listen to this Chipotle Mexican Grills. Mark crump Packer,
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  Speaker 1: one of the leaguer company's top four executives, was placed
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  Speaker 1: on administrative leave after he was indicted for allegedly purchasing
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  Speaker 1: cocaine from a drug ring in New York. Yes. Mr
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  Speaker 1: krump Packer was named Marketing had in two thousand nine,
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  Speaker 1: more recently of the title of Chief Creative and Development Officer,
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  Speaker 1: among more than a dozen people facing charges linked to
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  Speaker 1: alleged cocaine purchases over the last year. This is according
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  Speaker 1: to a person familiar with the matter. The executive's duties
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  Speaker 1: have been transferred to other senior managers. Chippotle said in
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  Speaker 1: a statement Thursday, um taking a look at their share price,
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  Speaker 1: actually all things consider to decline, not that bad, about
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  Speaker 1: two point two percent three dollars in change. They didn't
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  Speaker 1: fall as much as Williams did, which is saying something
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  Speaker 1: because this is the gas pipeline company who's proposed takeover
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  Speaker 1: by Energy Transfer Equity fell apart earlier this week and
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  Speaker 1: today we got a sense of the fallout. Chairman Frank
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  Speaker 1: McGinnis and five other directors resigned from Williams after that
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  Speaker 1: failed attempt UH to sell the company, and also a
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  Speaker 1: failed attempt to remove chief executive Alan Armstrong, who had
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  Speaker 1: rebuffed energy transfers advances. You put that all together, Williams
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  Speaker 1: shares down about five in today's straight Well, Netflix having
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  Speaker 1: a pretty good day, up about and well only five
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  Speaker 1: point seven percent at the close, and this is after
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  Speaker 1: can Accord Genuity analyst Michael Graham rated Netflix a new
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  Speaker 1: bye on the potential for international growth. In fact, he
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  Speaker 1: said in his note it has a quote long runway
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  Speaker 1: for growth and international subscribers in the fourth quarter and beyond.
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  Speaker 1: His his by rating also includes a price target of
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  Speaker 1: one D twenty dollars. In fact, he expects Netflix to
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  Speaker 1: compete largely on the strength of its original content over time,
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  Speaker 1: so it can not just domestically but internationally. So strong
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  Speaker 1: signal for Netflix, tave exactly. And you know I mentioned
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  Speaker 1: the possibility of a deal for Harley Davidson. Now there's
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  Speaker 1: a relatively large deal that's been hanging in the balance
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  Speaker 1: for months, talking about Etna's thirty four billion dollar takeover
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  Speaker 1: bid for Humanity. Now the gap between Humanised share price
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  Speaker 1: and the value of etna's offer neared a record, indicating
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  Speaker 1: the companies may struggle to obtain US anti trust approval. Now.
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  Speaker 1: People Filly over with the matter told us that ATA
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  Speaker 1: is propellant preparing to sell several billion dollars of assets
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  Speaker 1: in order to get the deal done. Nonetheless, Humanit shares
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  Speaker 1: down three point three percent, and Etna falling as well
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  Speaker 1: with a drop of one percent. Dave, let's take a
• 9:20
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• 9:35
  Speaker 1: The VIX down again today by nearly a point at
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  Speaker 1: the closets at fourteen point eight to um. In fact,
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  Speaker 1: it uh this it is poised for its biggest weekly
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  Speaker 1: tumble ever, down forty three percent after a thirty three
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  Speaker 1: percent jump last week. Something you were discussing earlier today
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  Speaker 1: on taking stock. Alright, Hi, my name is Dave. Well,
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  Speaker 1: just what do you think you're doing. We're going for
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  Speaker 1: the Dave. Hey, Mr Wilson, you're taking a look at
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  Speaker 1: Avery Dennison. It was going, yes post Brexit, a big
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  Speaker 1: rally and Oops, something happened exactly. You know. It's been
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  Speaker 1: more than a week now since the Brexit vote. US
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  Speaker 1: stocks have pretty much recouped their initial losses. Yet UK
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  Speaker 1: voters decision to leave the European Union is still having
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  Speaker 1: effect on some companies, and full label and packaging material
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  Speaker 1: maker Avery Dennison is among them. Now every shares listened
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  Speaker 1: to the ticker symbol a v Y. They dropped about
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  Speaker 1: eight percent in the first two days of trading after
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  Speaker 1: the Brexit vote. The stock then stage the three day rally,
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  Speaker 1: which made back more than half the loss. The thing is,
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  Speaker 1: Avery's recovery was cut short today after Bank of America
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  Speaker 1: Merrill Lynch lowered its rating to the equivalent of self
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  Speaker 1: from neutral and it was George Staphos stited the potential
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  Speaker 1: for a UK recession and a euroregion slowed down in
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  Speaker 1: a report, and he lowered his forecast accordingly. Now, data
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  Speaker 1: compolled by Bloomberg shows Staphos is the first analysts to
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  Speaker 1: recommend selling Avery shares in eighteen months, and some traders
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  Speaker 1: and investors took that advice to heart. It's not like
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  Speaker 1: it was a huge move, uh. Nonetheless, Avery Dennison with
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  Speaker 1: a loss of two point nine percent. That's the fourth
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  Speaker 1: biggest decline in the S and P five on the day,
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  Speaker 1: behind you Manna and Williams, which I've already mentioned, and
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  Speaker 1: Micron Technology, which suffered in the wake of disappointing results,
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  Speaker 1: discipplining results, analysts changing their mind. These are the kind
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  Speaker 1: of things that the waters that investors have to navigate,
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  Speaker 1: Dave Wilson are stocks that are thank you for helping
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  Speaker 1: us navigate them today and understand them on taking Stock.
• 11:50
  Speaker 1: That's why you always be listening listening to taking Stock
• 11:53
  Speaker 1: on Kathleen Hayes pim Fox on vacation back on Tuesday,
• 11:57
  Speaker 1: right after three day weekend. This is Boomberg. Bloomberg taking
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