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

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  Speaker 1: Bloomboo Business News twenty four hours a day. If Bloomberg
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  Speaker 1: dot Com the radio plus mobile and on your radio.
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  Speaker 1: This is a Bloomberg business from Bloomberg World Headquarters. I'm Charlie.
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  Speaker 1: Tell there you have its sound of the closing town
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  Speaker 1: of the New York Stock Exchange. As we wrap up
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  Speaker 1: trading on this Thursday, July seventh, ahead of the jobs
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  Speaker 1: report tomorrow. We are brought to you by Sector Spider
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  Speaker 1: et F s Y by a single stock. When you
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  Speaker 1: can invest in the entire sector, visits Sector s p
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  Speaker 1: d rs dot Com or call Sector e t F
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  Speaker 1: stocks did pair losses in the end of a down
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  Speaker 1: day for both the SMP five hundred index and the
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  Speaker 1: down Jones Industrial average. The down dropped twenty five points,
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  Speaker 1: down point one percent. SMP five hundred index down two points.
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  Speaker 1: Nastack an update, They're up seventeen points and advance of
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  Speaker 1: four tenths of one percent. Crude oil just about forty
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  Speaker 1: five dollars of barrel forty twenty one right now. It
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  Speaker 1: fell two twenty two today. West Texas Intermediate down four
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  Speaker 1: point seven percent, Bent down almost five percent, Gold down
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  Speaker 1: five tenths of one percent. Russ Costridge's head of black
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  Speaker 1: Rock's head of asset allocation. He was interviewed minutes ago
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  Speaker 1: right here on taking stock. Is there enough pressure in
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  Speaker 1: the domestic economy to give the said conviction that even
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  Speaker 1: if things do become a bit unstable in Europe, the
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  Speaker 1: US economy is going to be all right. And it's
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  Speaker 1: worth remembering the last labor market report we had was
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  Speaker 1: disappointing and suggested maybe some of the momentum is coming
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  Speaker 1: out of the US economy. Maybe it's coming out of
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  Speaker 1: the US labor market. And in that context, I don't
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  Speaker 1: think the Said feels the need to rush. And I
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  Speaker 1: Red Jersey, as senior client portfolio manager at Oppenheimer, also
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  Speaker 1: interviewed right here on taking stock. We have to keep
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  Speaker 1: in mind, like one of the other aspects of all
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  Speaker 1: of this is yes, it's true that the Said might
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  Speaker 1: not hike, but even if the FED were to hike
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  Speaker 1: once this year and a couple of times next year um,
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  Speaker 1: that wouldn't necessarily impact the ten year treasury that much.
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  Speaker 1: That really is going to impact two year treasuries, which
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  Speaker 1: right now of more or less priced out hikes for
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  Speaker 1: the almost the next year and a hand and the
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  Speaker 1: tenure right now down five thirty seconds, looking at a
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  Speaker 1: yield there of one point three eight percent four oh
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  Speaker 1: two on Wall Street. Now, let's take a look at
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  Speaker 1: other news from around the world. Bom Bloomberg Radio. Thank you,
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  Speaker 1: Charlie from the Bloomberg News Room. I'm Ramy in essentio.
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  Speaker 1: Barney Sanders will reportedly endorse Hillary Clinton on Tuesday, citing
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  Speaker 1: three Democrats that have been involved in the planning. The
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  Speaker 1: New York Times reports that it will come during a
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  Speaker 1: campaign event in New Hampshire. In an interview with Bloomberg's
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  Speaker 1: Albert R. Hunt for PBS is Charlie Rose program, Sanders
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  Speaker 1: called Donald Trump quote a pathological liar. FBI Director James
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  Speaker 1: Comby faced hours of questioning on Capitol Hill today about
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  Speaker 1: the investigation. It's a Hillary Clinton's private email server. Al
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  Speaker 1: Republicans want to know why he recommended no charges against Clinton,
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  Speaker 1: even though he admitted she was careless with classified information.
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  Speaker 1: Democratic Congressman Elijah Cummings pressed Comy for information. There is
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  Speaker 1: a procede gap between the things you said on Tuesday
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  Speaker 1: and your recommendation. There's a gap. Mr Director, So in
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  Speaker 1: this moment, and this is a critical moment, I beg
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  Speaker 1: you to fill the gap called me maintains there is
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  Speaker 1: no evidence that the former Secretary of State lied to
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  Speaker 1: the FBI. President Obama says the deadly shootings by police
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  Speaker 1: officers in Louisiana and Minnesota are not isolated incidents. He
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  Speaker 1: says the US has quote a serious problem. Mr Obama
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  Speaker 1: said all Americans should be deeply troubled and Long Island
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  Speaker 1: Town has filed a fifty million dollar federal lawsuit against
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  Speaker 1: the Navy, Northrop Grumman, and other groups over groundwater contamination
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  Speaker 1: that forced the closure of water wells. Newsday reports the
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  Speaker 1: town of Hempstead accuses the group of negligence that led
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  Speaker 1: to contaminated water supplies in the Levittown Water District. Globe
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  Speaker 1: blues twenty four hours a day, powered by more than
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  Speaker 1: journalists and analysts in more than one d twenty countries
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  Speaker 1: from the Bloomberg news room. I'm Ramy in essentio, Charlie,
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  Speaker 1: and we thank you and again recapping stocks lower s
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  Speaker 1: and P five hundred index down to point to two
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  Speaker 1: thousand ninety seven, a drop of point one percent. I'm
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  Speaker 1: Charlie Pollett. That's a Bloomberg Business Flash move around motion
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  Speaker 1: creates promotion adally. Move you moved like they do. I've
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  Speaker 1: never seen anyone move that back. Five peoplet's move like
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  Speaker 1: you got a purpose. That he's called movers and shakers.
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  Speaker 1: They cost a little more and that name cracked me up.
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  Speaker 1: Bloomberg taking Stocks Movers and Shakers with Pimp Box and
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  Speaker 1: Kathleen As on Bloomberg Radio. Movers and Shakers for Thursday, July.
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  Speaker 1: The seven twenty and sixteen, two and sixty five issues
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  Speaker 1: advance in the SMP five hundred, two hundred and thirty
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  Speaker 1: one decline and nine remain unchanged. Dave Wilson, bloom Work
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  Speaker 1: Stocks Commons joints US now to begin our movers and shakers. Dave,
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  Speaker 1: you know, it's been a year since Humanity agreed to
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  Speaker 1: buy Etna in what's now a thirty seven billion dollar deal,
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  Speaker 1: and at this point, I mean, there seems to be
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  Speaker 1: a whole lot of skepticism that the transaction will ever
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  Speaker 1: be completed. This comes up because people familiar with the
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  Speaker 1: matter said Etna is preparing to meet with top US
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  Speaker 1: Justice Department officials tomorrow as it seeks to win anti
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  Speaker 1: trust approval, and uh, it's the top level gathering that
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  Speaker 1: signals the review of this deal is entering what might
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  Speaker 1: be called a make or break stage. Well, you certainly
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  Speaker 1: saw humanaged shares get broken in today's trading. It's down
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  Speaker 1: nine point six percent, biggest drop for the stock in
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  Speaker 1: almost four years. And EDNA as well, down about four percent.
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  Speaker 1: You're talking about two of the three biggest losses on
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  Speaker 1: the day in the sp Well, I want to take
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  Speaker 1: a look at PepsiCo. PepsiCo up the clothes by about
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  Speaker 1: one and a half percent a hundred seven dollars and
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  Speaker 1: change a share. It surged after second quarter profit beat
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  Speaker 1: analysts estimates, and the company boosted its full year forecast.
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  Speaker 1: Rising sales of snacks and soft drinks in North America
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  Speaker 1: big part of it. FEO lays Pepsy excuse me, Pepsi's
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  Speaker 1: freely North American unit three point two percent to three
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  Speaker 1: point five six billion dollars. The company said it's propelled
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  Speaker 1: enhanced water brand and naked cold pressed juices helped results,
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  Speaker 1: along with new organic varieties of tostitos chips. And in fact,
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  Speaker 1: when we spoke earlier today to Joe Agnes from SMP
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  Speaker 1: Global Market Intelligence, he said, yes, that's one of the
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  Speaker 1: reasons why he's racist parts target. They're moving into some
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  Speaker 1: of these products that are more popular with consumers, or
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  Speaker 1: organic less sugar, and that's helping them. Well, how do
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  Speaker 1: you make the shares of Chipotle decline? Well, it has
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  Speaker 1: to do with a tweet by the author of the
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  Speaker 1: Jason Bourne series, Eric van lust Bead, indicating that eating
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  Speaker 1: at a Manhattan based location resulted in the hospitalization of
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  Speaker 1: his editor. But of course the jitters continue for Chappotle Mexican.
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  Speaker 1: No out, no word on any other illnesses in any
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  Speaker 1: of the other New York restaurants. Chapulte Mexican says it
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  Speaker 1: has an excellent health department scores throughout the city. Nevertheless,
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  Speaker 1: the shares of chapult A Mexican grilled down two and
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  Speaker 1: a half percent. You know, I mentioned two of the
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  Speaker 1: day's three biggest losses in the SPA, so might as
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  Speaker 1: well talk about the third one and actually the biggest
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  Speaker 1: one on today, and that would be First Solar. They
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  Speaker 1: make solar equipment, they build power plants, and Deutsche Bank
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  Speaker 1: decided to cut its rating on the stock to hole
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  Speaker 1: from by today and cut its twelve month price estimate
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  Speaker 1: all the way down to forty four dollars from eighty dollars,
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  Speaker 1: so you're talking about a drop of forty Among other things,
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  Speaker 1: analysts for shal S Shaw writing a report he's concerned
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  Speaker 1: that increased competition is driving down prices and order growth
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  Speaker 1: is slowing. Put that all together, you got First Solar
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  Speaker 1: shares down nine eight percent on the day. Quick look
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  Speaker 1: at Costco now up nearly five percent to close a
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  Speaker 1: hundred sixty or three dollars and seventy cents that share.
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  Speaker 1: It's a simple old better than expected June sales UH
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  Speaker 1: comparable store sales were flat mask last month. They beat
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  Speaker 1: expectations for a one and a half percent drop, so
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  Speaker 1: that was certainly good enough for the likes of UBS analysts,
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  Speaker 1: who said this type of performance warrants a premium valuation
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  Speaker 1: in our review. As Costco is transitioning its loyalty credit
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  Speaker 1: card to Visa from American Express, should also result in
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  Speaker 1: a pickup in spend and membership as private label credit
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  Speaker 1: card customers take advantage of the new car. It's quote
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  Speaker 1: more attractive reward structure. According to u BSPM, I'm gonna
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  Speaker 1: stick with retail for just a moment. L Brands the
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  Speaker 1: stock down one and a half percent. L Brands saying
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  Speaker 1: that June merchandise margins were down significantly year over year.
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  Speaker 1: They were below estimates, driven mainly by clearance sales. At
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  Speaker 1: the Victoria's Secrets of Stores, inventory per square foot was
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  Speaker 1: up twelve percent versus last year, and it continued to
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  Speaker 1: expect inventory up in the mid single digit range. June
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  Speaker 1: comps were positively affected because of the Memorial Day in
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  Speaker 1: fourth of July holidays, but margins significantly lower and the
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  Speaker 1: shares lower. L brands down one and a half percent.
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  Speaker 1: Now time for the Volatility Index apart brought to you
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  Speaker 1: by CBOA VIX Options and futures. Volatility can be harnessed
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• 9:53
  Speaker 1: less than powerful outcome for the VIX today down zero
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  Speaker 1: point seven points to fourteen point eight line. At the close,
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  Speaker 1: it was heading up as much as three point two percent.
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  Speaker 1: It would have reversed, uh been reversing direction after heading
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  Speaker 1: earlier toward a one month low. Well guess what reversed again?
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  Speaker 1: And that's how it ended, all right, Dave, you're up, Hi,
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  Speaker 1: My name is Dave. Just what do you think you're
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  Speaker 1: doing today? We're going for the price will do to
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  Speaker 1: Dave Dave Hey, Mr Wilson, go ahead, be energized about
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  Speaker 1: your stock of the day, and that would be energized
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  Speaker 1: or holding is a company you can call a spinoff
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  Speaker 1: of a spinoff. Back in two thousand, the battery maker
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  Speaker 1: gained independence for Roston Purina. Last year, the company was
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  Speaker 1: separated from its household product business, which was renamed edge
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  Speaker 1: Well Personal Care. Energizer shares for under the ticker e
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  Speaker 1: n R. They're up and down the first seven months
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  Speaker 1: or so postman off trading. Since then, they behaved like
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  Speaker 1: the company's namesake Bunny. They've kept going and going and
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  Speaker 1: owing up. On Monday, Energizers traded a record fifty three
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  Speaker 1: dollars and forty one since, which brought the stocks gain
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  Speaker 1: since the breakup to fifty seven percent. Today, Energizer couldn't
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  Speaker 1: keep going. The stock retreated after Jefferis cuts rating the
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  Speaker 1: hole from by and Alice. Kevin Grundy wrote in a
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  Speaker 1: report that the shares look fully valued. Grundy also cited
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  Speaker 1: pressure on Energizer's newly acquired air freshener maker handstands. The
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  Speaker 1: company was brought for three forty million dollars in a
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  Speaker 1: deal completed last week. Uh Energizer fell as much as
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  Speaker 1: six point six percent in the wake of Jeffrey's rating cut.
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  Speaker 1: That said stock made back some of those losses in
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  Speaker 1: afternoon trading and closed the day with a loss only
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  Speaker 1: about half as much. That would be three point four percent.
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  Speaker 1: Dave Wilson, thank you so much on Energizer holdings his
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  Speaker 1: stock of the day on Caffeine Hayes along with pim Fox.
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  Speaker 1: This is taking stock and this is boom work. Yeah,
• 12:06
  Speaker 1: coming up on taking stock. Projected sales of bottled cold
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  Speaker 1: pressed juices exceed four hundred million dollars. But we've got
• 12:15
  Speaker 1: a dirty little truth about cold pressed juice. Next