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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. It's Bloomberg
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  Speaker 1: This is a Bloomberg business flag from Bloomberg World Handquarters,
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  Speaker 1: Signed Charlie Hollot. An update on Wall Street, the DAL,
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  Speaker 1: the SMP, Nez dack Hall advancing folks from four industries
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  Speaker 1: ringing the closing bell. Stocks holding close to a record
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  Speaker 1: after an increase in consumer spending underscore the strength of
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  Speaker 1: the US economy, while traders assess the outlook for interest rates.
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  Speaker 1: The dollar rose, oil slump today, West Texas Intermediate down
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  Speaker 1: one point four percent, falling sixty seven cents of arl
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  Speaker 1: forty seven. Brent crew down one point three percent. Natural
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  Speaker 1: gas lower today by six tenths of one percent. So
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  Speaker 1: on update with the SMP climbing five tenths of one percent,
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  Speaker 1: up eleven points to eighty. The Dow Jones Industrial Average
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  Speaker 1: advanced a hundred and eight points, up six tenths of
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  Speaker 1: one percent, to eighteen thousand, five hundred three. Then as
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  Speaker 1: a compositive index up three tents of one percent, up
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  Speaker 1: thirteen points to fifty thirty two. Now what about the
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  Speaker 1: US election and the stock market. David Katz is the
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  Speaker 1: president of Matrix Asset Advisors. He was interviewed minutes ago
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  Speaker 1: right here on taking stock. Right now, the market is
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  Speaker 1: not focused a heck of a lot on the election.
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  Speaker 1: We think that the oddsmakers are putting a Clinton victory
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  Speaker 1: as the more likely outcome. We think if that were
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  Speaker 1: to happen, the market would assume it's it's following a
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  Speaker 1: lot of the President Obama policies with a slightly better
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  Speaker 1: economy bias, so that would be a modest positive for
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  Speaker 1: the market. We think if Trump were to win the presidency,
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  Speaker 1: which is not being factored in, there's a lot more
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  Speaker 1: concern and uncertainty. Apple has sent out an invitation for
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  Speaker 1: an event September seven, where the world's largest publicly traded
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  Speaker 1: tech company is expected to unveil updated devices. The invitation,
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  Speaker 1: the email to reporters, bloggers and other invitees needs quote
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  Speaker 1: see you on the seventh. Bowing is not raising airplane
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  Speaker 1: prices for the first time in seven years. Boeing shares
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  Speaker 1: did advance today, up five tenths of one percent, recapping
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  Speaker 1: stocks Hire SMP five hundred index up five tenths of
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  Speaker 1: one percent. And now we look at some of the
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  Speaker 1: other stories making news Charlie, Thank you from the Bloomberg
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  Speaker 1: News Room, by Mark Crimpton. Brazil's suspended president, Dilma Roussef,
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  Speaker 1: has made an emotional appeal to keep her job. Russef
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  Speaker 1: urged senators today to vote against her impeachment, saying it
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  Speaker 1: would amount to her death sentence and would put Brasil's
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  Speaker 1: democracy at risk. She mentioned that a few times people
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  Speaker 1: people kept asking her, will your resign? Will you resign?
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  Speaker 1: And she says it's just not in me. I don't
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  Speaker 1: give up, I don't fight, and she kept saying she's
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  Speaker 1: not fighting for her terms, she's fighting for democracy and justice,
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  Speaker 1: and just reiterated that she is innocent of the crime
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  Speaker 1: she's being accused of. Bloomberg so Pall Bureau a chief
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  Speaker 1: Julia Lacy Russof is accused of financing government spending without
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  Speaker 1: Congress of approval. The latest episode of sending racy text
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  Speaker 1: and photos to another woman may have been the last
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  Speaker 1: straw for the wife of former New York Congressman Anthony Weiner.
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  Speaker 1: Huba Aberdeen says she and Weener are separating. Many parents
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  Speaker 1: still refuse to vaccinate their kids. Shaun O'Leary, Associate Professor
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  Speaker 1: of pediatrics at the University of Colorado, says sometimes their
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  Speaker 1: reluctance to do so can be blamed on the effectiveness
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  Speaker 1: of the vaccines, themselves victim of their own success. Because
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  Speaker 1: we have achieved high vaccination rates in the US, we
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  Speaker 1: don't see any of that needed anymore. So. Most of
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  Speaker 1: the parents that are having children today have never seen
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  Speaker 1: the evils. They've never seen Colio, They've never seen a
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  Speaker 1: lot of things that we united kids. Gene Wilder, the
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  Speaker 1: star of mel Brooks movies including Blazing Saddles and Young Frankenstein,
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  Speaker 1: is dead, his nephew tells Variety magazine. Wilder died earlier
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  Speaker 1: this month of complications from Alzheimer's. Gane Wilder was eighty
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  Speaker 1: three global news twenty four hours a day, powered by
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  Speaker 1: more than journalists analysts in more than one countries. I'm
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  Speaker 1: More Crumpton. This is Bloomberg, Charlotte, and we thank you
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  Speaker 1: and again recapping stocks advance with the SMP five hundred
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  Speaker 1: index climbing eleven points to a gain of five tenths
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  Speaker 1: of one percent. I'm Charlie Pellett and that's a Bloomberg
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  Speaker 1: business flash move around, motion creates promotion, el move on
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  Speaker 1: like they did, would provide pr people. Let's move like
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  Speaker 1: you've got a purpose. That he's called movers and shakers.
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  Speaker 1: They cost a little more. That name cracked me up.
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  Speaker 1: Bloomberg taking stock movers and Shakers with PIM Fox and
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  Speaker 1: Gatlin's on Bloomberg Radio. That's like a big thumbs up
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  Speaker 1: from investors today for the US equity mark get taking
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  Speaker 1: a look inside the s and P five hundred, four
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  Speaker 1: hundred eight gainers, ninety two losers of five stock prices
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  Speaker 1: closing unchanged. I'm Kathleen Hayes my cos PM Fox on vacation.
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  Speaker 1: This week, Dave Wilson is back our stocks editor. We're
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  Speaker 1: gonna look at what's moving and shaking. What's at the
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  Speaker 1: top of your list, Mr Wilson, Well, one of the
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  Speaker 1: stocks actually got left out of today's advance, and that's
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  Speaker 1: gillyad Science is you know, this is a company that
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  Speaker 1: has established itself as a maker of hepatitis C treatments,
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  Speaker 1: specifically Savaldi and Harvony. Harvony now their biggest seller. The
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  Speaker 1: trouble is that data for the week end in August
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  Speaker 1: nineteenth that was compiled by Symthony Health Solutions showed that
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  Speaker 1: sales of harvony fell five and a half percent, and
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  Speaker 1: this one drug accounted for a third of Gillyad's revenue
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  Speaker 1: last quarters. So people watch these numbers pretty closely, and
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  Speaker 1: they didn't like what they saw on the latest set
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  Speaker 1: of weekly data. Gilly Head down two percent, and that
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  Speaker 1: was actually the second biggest rop in the day. Was well,
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  Speaker 1: pretty good day from mile on. Actually they've been in
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  Speaker 1: some choppy waters. Of course. The company that sells a generic, well,
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  Speaker 1: it sells its epipan. Now it's going to sell a
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  Speaker 1: generic version that's gonna cost about half of the branded
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  Speaker 1: six hundred dollar price tag on these emergency allergy shots.
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  Speaker 1: Are going to do this in coming weeks. They're bowing
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  Speaker 1: to big, big pressure after US lawmakers derided earlier steps
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  Speaker 1: last week as a mere public relations fixed, and of
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  Speaker 1: course they have. Boy, they're they're doing a lot here
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  Speaker 1: to make up for having gotten the Congress to go
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  Speaker 1: along with making it mandatory to have these epipans in
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  Speaker 1: schools and the government helping to pay for it, and
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  Speaker 1: then boosting the price so sharply. And of course the
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  Speaker 1: CEO is the daughter of Democratic Senator Joe Mansion of
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  Speaker 1: West Virginia. At any rate, are on this credit hollow
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  Speaker 1: Bloomberg Big pharma and biotech analysts giving her pretty high marks.
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  Speaker 1: That's Heather Brush for moving quickly to put this behind
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  Speaker 1: mylon doing something that could quell all the outcry and
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  Speaker 1: allow the company to move ahead. Dave and Milon up
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  Speaker 1: Well only about a half of a percent, but still,
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  Speaker 1: I'm sure she's very happy to see that, and the
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  Speaker 1: investors in the company as well. Absolutely, And then we
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  Speaker 1: turned to Alca. There was a deal in the aluminum industry.
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  Speaker 1: It's a closely held company called a Laris that accepted
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  Speaker 1: a takeover offer from China's Jong Wang Holdings. We're talking
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  Speaker 1: about two point three billion dollars in cash and assumed debt.
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  Speaker 1: And that deal got people's attention, you know, raise the
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  Speaker 1: possibilities for publicly traded companies. Alcoa, as you recall, is
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  Speaker 1: splitting into uh The aluminum business is going to be
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  Speaker 1: separated from units to produce aircraft and auto parts UH.
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  Speaker 1: ALCOHA shares up two point six percent on the day. Well,
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  Speaker 1: I just want to take a broad look at the
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  Speaker 1: bank so particularly UH Well's far ago uh The KBW
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  Speaker 1: Bank's index was more than three percent today, it's highest
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  Speaker 1: interest day since the beginning of the year January fourth,
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  Speaker 1: regional banks leading the way, Wells Fargo up about a
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  Speaker 1: buck and five cents, forty dollars and fifty six cents,
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  Speaker 1: and many other gainers today from from the regional bank list.
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  Speaker 1: But people seem to be attributing it to the fact
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  Speaker 1: that Janet Yell in the FED chair. So the rate
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  Speaker 1: high case has strengthened in recent months and I felt
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  Speaker 1: that key rate gets higher will help bank with their
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  Speaker 1: net interest margins and then stop getting a boost. Today
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  Speaker 1: I wanted to mention us G know this is a
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  Speaker 1: long time holding of Warren Buffett's Berkshire Hathaway. They're the
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  Speaker 1: largest shareholder with about a thirty percent steak. USG made
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  Speaker 1: a deal today. They make building materials gypsum wallboard, a
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  Speaker 1: specialty of theirs also known as sheet rock, that's the
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  Speaker 1: brand name. Uh USG agreed to sell the distributor L
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  Speaker 1: and W Supply for six d and seventy million dollars.
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  Speaker 1: The buyer arrival ABC Supply now USG plan us to
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  Speaker 1: use the proceeds for investments and debt repayment and this
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  Speaker 1: deal went over whelm USG shares with a gain of
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  Speaker 1: six points seven percent. Just a quick look here at
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  Speaker 1: Nordstrom and j W Crew both share prices gaining today
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  Speaker 1: after they announced that Jake Crew Group's flagship chain will
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  Speaker 1: start selling an assortment of women's clothes at Nordstrom today,
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  Speaker 1: so that boosting both of them quickly. Though Montalie is
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  Speaker 1: no longer pursuing a combination with Hershey. That is the
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  Speaker 1: latest a red hot sticky on the Bloomberg Dave uh
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  Speaker 1: News Big News. Absolutely well. The issue for any boy
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  Speaker 1: or hers She has been that Milton Hershey Trust, which
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  Speaker 1: supports the school that the founder Hershey set up. And sure,
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  Speaker 1: I mean he guess once again, it's an obstacle that
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  Speaker 1: couldn't be surmounted. Well, a little bit of an obstacle,
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  Speaker 1: I guess. Today Towards the volatility index, the VIX moving higher.
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  Speaker 1: This is our Volatility Index report, brought to you by
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  Speaker 1: VIX closing down about a half point at a thirteen
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  Speaker 1: point oh six Trivick story by Lou Wong and Joe
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  Speaker 1: Cli on Your Bloomberg on Bloomberg dot Com, pointing out
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  Speaker 1: that there's a big divide right now in the Vicks
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  Speaker 1: where institutions are bailing out of bets volatility well increase
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  Speaker 1: while smaller investors embrace them. All right, Dave here up?
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  Speaker 1: Uh hi, my name is Dave. Just what do you
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  Speaker 1: think you're doing things? We're going for a price found
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  Speaker 1: will do Dave da core Mark core Mark, I should
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  Speaker 1: say holding stave biggest drop since two thousand and eight.
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  Speaker 1: That's right. It's a distributor for convenience stores. They supply
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  Speaker 1: tens of thousands of locations across the US and Canada.
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  Speaker 1: Company found it all the Way back has been publicly
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  Speaker 1: traded since two thousand five. Based in South San Francisco.
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  Speaker 1: That Vickers, core c O r E, and cord Mark
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  Speaker 1: shares arisen every year since two thousand nine, have gained
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  Speaker 1: as much as this year. Today. They retreated after the
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  Speaker 1: company lost in business. Car Marks set a supply contract
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  Speaker 1: with Circle K Southeastern Stores will end in January. This
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  Speaker 1: will cut the number of the change locations of the
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  Speaker 1: company served by eleven undred or thirty six percent. Now,
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  Speaker 1: circle K is part of Canadas couch Star, which was
• 11:24
  Speaker 1: Cormark's largest customer last year at fourteen percent of revenue,
• 11:27
  Speaker 1: and Cruise Stars expanding in the US. Just last week,
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  Speaker 1: the company agreed to buy convenience store owners c ST Brands.
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  Speaker 1: So this circle K contract loss. Indeed, as you mentioned,
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  Speaker 1: sent car Mark to its biggest one day to clins
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  Speaker 1: is December two thousand and eight. The stock tumbling more
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  Speaker 1: than four That hurts if you own the stock. You
• 11:48
  Speaker 1: know what else hurts her? She's down ten percent in
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  Speaker 1: the wake of the Monolese deal falling apart. WHOA, that
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  Speaker 1: is quite a move, Dave Wilson, thanks for catching and
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  Speaker 1: for us here on taking stock. I'm Kathleen Hayes. This
• 12:00
  Speaker 1: is Bloomberg. The Fed is fixing de Ray's rates. That's
• 12:08
  Speaker 1: the message at Jackson Hole. The question is when bond
• 12:11
  Speaker 1: market on fire? Today? The third more than a point
• 12:15
  Speaker 1: and a half. Ward McCarthy of Jeffrey's coming up on
• 12:18
  Speaker 1: Bloomberg Radio.