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

• 0:03
  Speaker 1: Glombe Business News storty four hours a day. If Bloomberg
• 0:06
  Speaker 1: dot Dom the radio flows builbo. He's a Bloomberg business
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  Speaker 1: flock from Bloomberg World Handquarters. I'm Charlie Pelotar. Record for
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  Speaker 1: the smp A, record for the NANA stack Compositive Index.
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  Speaker 1: Folks from Self Help Community Services ringing that closing bell
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  Speaker 1: as we wrap up trading on this Friday, August five,
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  Speaker 1: and it is on to the weekend payroll surge for
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  Speaker 1: a second straight month in July that lifted US equities
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  Speaker 1: to records. Christopher lew Is Deputy Labor Secretary, and he
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  Speaker 1: was our guest today right here on taking Stock. The
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  Speaker 1: top line is two fifty thousand, two five thousand jobs
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  Speaker 1: created this month, seventy straight months of job growth. That's
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  Speaker 1: the longest streak in history. UM four point nine percent unemployment.
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  Speaker 1: A couple of things of note of wage growth was
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  Speaker 1: two point six percent over the year. That's the highest
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  Speaker 1: we've seen since the recovery. That was certainly good news.
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  Speaker 1: UM so again they said across the board, this is
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  Speaker 1: a great report and reaction to that report from Chuck Lieberman,
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  Speaker 1: also our guest here on taking Stock. He's chief investment
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  Speaker 1: officer at Advisors Capital Management. It's pretty clear that the U. S.
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  Speaker 1: Economy is doing quite well. Um. The job market has
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  Speaker 1: tightened considerably. We're beginning to see enough tightness in the
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  Speaker 1: job market that it's flowing over into some of the
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  Speaker 1: pockets that have been weakest, meaning those who are least educated.
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  Speaker 1: Even their finding jobs at a very very good clip.
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  Speaker 1: In fact, they accounted for virtually all of the jobs
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  Speaker 1: reported this past month and today the SMP five hundred
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  Speaker 1: index climbing to two up eighteen points again there of
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  Speaker 1: one per actually nine tenths of one percent on the SMP.
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  Speaker 1: It's the DAL that's up one percent of a hundred
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  Speaker 1: and eighty nine points to eighteen thousand, five hundred forty one.
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  Speaker 1: NASA stack compositive indecks fifty two twenty one, up fifty
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  Speaker 1: four points again there of one point one percent. The
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  Speaker 1: tenure down thirty seconds, the yield one point five of
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  Speaker 1: eight percent. Gold down twenty five dollars an ounced to
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  Speaker 1: thirteen thirties seven, a drop there of one point nine percent.
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  Speaker 1: Crude oil West Texas Intermediate down one tenth of one
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  Speaker 1: percent to forty one dollar and eighty nine cents four
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  Speaker 1: O two on Wall Street. Now, let's take a look
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  Speaker 1: at some of the other stories making news. Charlie, thank
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  Speaker 1: you from the Bloomberg News, or remind Mark Crumpton. Hillary
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  Speaker 1: Clinton is finding back against those who claimed she can't
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  Speaker 1: be trusted. Addressing the National Association of Black and Hispanic
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  Speaker 1: Journalist Convention in Washington, she said it speaks volumes to
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  Speaker 1: her credibility that President Obama gave her a position in
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  Speaker 1: his cabinet. It got a little contentious from time to time,
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  Speaker 1: and to my surprise, he turns around asked me to
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  Speaker 1: be Secretary of State because he trusted me. And then
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  Speaker 1: I served the Secretary of State and when I left
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  Speaker 1: at a sixty six percent approval rating. The Summer Olympics
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  Speaker 1: officially kick off in Rio de Janeiro tonight. Bloomberg's Bob
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  Speaker 1: Moon reports the games are getting off to a rough start.
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  Speaker 1: These opening Sarah Monazer Rio's big chance to shine all
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  Speaker 1: the more important for an event already tarnished by a
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  Speaker 1: long list of challenges and embarrassments. Terrorism threats, disease carrying mosquitoes,
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  Speaker 1: athlete and tourist kidnappings, doping scandals, and literally troubled waters
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  Speaker 1: teeming with human waste. The Chinese basketball team had to
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  Speaker 1: dodge a gang shootout shortly after arriving. Disgruntled police greeted
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  Speaker 1: tourist at Rio's airport with a sign reading welcome to Hell.
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  Speaker 1: A torch bearer displayed his displeasure with the government by
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  Speaker 1: dropping his pants at an official ceremony. There is this.
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  Speaker 1: Brazil's benchmark stock index and its currency are the world's
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  Speaker 1: best performers this year, amid a rebound in commodities and
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  Speaker 1: investor optimism. Bob Moon Bloomberg Radio marked to share a
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  Speaker 1: plans to retire at the end of this season. The
• 3:40
  Speaker 1: thirty six year old announced his decision during a tear
• 3:43
  Speaker 1: filled news conference at Yankee Stadium to share a told
• 3:47
  Speaker 1: fans quote, I gave you everything I had, it wasn't
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  Speaker 1: always enough. He's in the final year of a one
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  Speaker 1: hundred eighty million dollar eight year contract Global News twenty
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  Speaker 1: four hours a day, powered by more than twenty six
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  Speaker 1: hundred journalists and was in more than one twenty countries.
• 4:02
  Speaker 1: I'm more Crumpton, this is Bloomberg, Charlie, and we thank
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  Speaker 1: you and again recapping looking at a record on the
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  Speaker 1: SMP five two up eighteen points today a guy a
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  Speaker 1: gain of nine tenths of one percent, the nastack Compositive
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  Speaker 1: Index closing at a record fifty two twenty one, up
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  Speaker 1: today by one point one percent. I'm Charlie Pellett, and
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  Speaker 1: that's a Bloomberg business flash. Move around motion, great promotion, moved,
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  Speaker 1: moved like they do. I've never seen anyone move that back.
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  Speaker 1: Five people's move to get a purpose. He's called movers
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  Speaker 1: and shakers. They cost a little more. That name cracked
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  Speaker 1: me up. Bloomberg taking stock movers and Shakers with him,
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  Speaker 1: Box and Kathleen as on Bloomberg Radio. Movers and Shakers
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  Speaker 1: for Friday, August the fifth, twenty sixteen, three hundred and nineties.
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  Speaker 1: Six issues advanced in the SMP five D one hundred
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  Speaker 1: and six decline, and three remained unchanged. Dave Wilson, Bloomberg
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  Speaker 1: Stocks Commas joins me now to begin our movers and Shakers. Dave.
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  Speaker 1: You know, it was just yesterday I was talking about
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  Speaker 1: the life insurance stocks. We had results from MetLife that
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  Speaker 1: didn't look so good to investors, and the group fell
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  Speaker 1: in response. You know, a lot of it concerned that
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  Speaker 1: lower bond yields were cutting into the company's investment income.
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  Speaker 1: So what happens today? You get the jobs report that's
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  Speaker 1: well received, bond yields move up, and the life insurers
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  Speaker 1: rebound with a vengeance met Life with a gain of
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  Speaker 1: four percent, Prudential Financial up four point four percent, and
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  Speaker 1: Lincoln National with a gain of five point eight percent.
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  Speaker 1: In fact, Lincoln National the best performer on the day
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  Speaker 1: in the SMP five. Prudential MetLife also in the top ten.
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  Speaker 1: Well one stock that is not in the top ten
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  Speaker 1: today this is Bristol Myers SCRIBB. We've been speaking about
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  Speaker 1: it during the programming down nearly sixteen percent. This is
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  Speaker 1: the biggest decline in fourteen years. Saying that it's a
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  Speaker 1: drug up Divo failed in a lung cancer trial that
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  Speaker 1: would have been the basis for widely expanding the use
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  Speaker 1: of the treatment. Now the drug failure is a first
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  Speaker 1: line treatment. It's a big blow to Bristol Myers. They've
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  Speaker 1: looked for growth on immune based therapies for cancers. Once
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  Speaker 1: again shares a Bristol Myers SQUIB down nearly sixteen percent today.
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  Speaker 1: Of course, the flip side of that was Mark because
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  Speaker 1: they make a drug called key Truda, which also treats
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  Speaker 1: this form of lung cancer. And in fact, in June
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  Speaker 1: they came out with results of a similar study to
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  Speaker 1: the one that Bristol Myers just reported on and key
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  Speaker 1: Truda met the main goal. So know that drug is
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  Speaker 1: in a position perhaps to be a first line treatment.
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  Speaker 1: Mark actually the best performer in SMP five today when
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  Speaker 1: I was talking about the insurers in the context of
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  Speaker 1: financial stocks, to be more precise, Mark with a gain
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  Speaker 1: of ten point four percent in the wake of Bristol
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  Speaker 1: Myers set back. I was gonna tell you a a little
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  Speaker 1: bit about some bank stocks today. Financials rising after that
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  Speaker 1: big payroll surge. For example, Bank of America trading at
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  Speaker 1: its highest level since May thirty one, Key Corp up
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  Speaker 1: about four and a half percent. That follows on what
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  Speaker 1: you were just describing, Dave, having to do with insurance companies.
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  Speaker 1: Key Corp shares showing continued strength, Key Corp unveiling a
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  Speaker 1: new management team in Pittsburgh and setting a new executive
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  Speaker 1: team to oversee the Buffalo market. A lot of activity
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  Speaker 1: at Key Bank and Key Corps shares rising four and
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  Speaker 1: a half percent today. Well one stock, actually two stocks
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  Speaker 1: they got left out of today's advance. You turn about
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  Speaker 1: Zillo group. This is the company that owns the real
• 7:59
  Speaker 1: estate website Zillo and truly a well. They came out
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  Speaker 1: with results late yesterday. They had a net loss for
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  Speaker 1: the second quarter that was wider than estimates. The loss
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  Speaker 1: reflecting a hundred and thirty million dollar settlement of a
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  Speaker 1: lawsuit brought by a competitor move owned by News Courts.
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  Speaker 1: And so you've got Zillo with its voting shares Class
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  Speaker 1: A down five and a half percent on the day,
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  Speaker 1: with its non voting shares Class C little loss of
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  Speaker 1: four points s z G the ticker for the voting stock,
• 8:32
  Speaker 1: just the letter Z for the non voting Take about
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  Speaker 1: the shares of fire Eye down more than twelve percent now,
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  Speaker 1: fire I is a company in the technology and security space.
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  Speaker 1: A sharp decline in fire Eyes billing growth in the
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  Speaker 1: second half second quarter rather the company also eliminating between
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  Speaker 1: three hundred and four hundred jobs in the second half.
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  Speaker 1: UH services revenue has also been hurt by a security
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  Speaker 1: ending returning to a more normalized rate amid fewer breaches
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  Speaker 1: after elevated levels for two years. Once again, shares of
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  Speaker 1: fire Eye today down more than twelve Well, I'll give
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  Speaker 1: you Kraft Hens as a going away gifts, so to speak,
• 9:15
  Speaker 1: and that stock was definitely going away today. I mean
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  Speaker 1: the food makers earnings for the second quarter beat analysts
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  Speaker 1: average estimate in the Bloomberg survey. Kraft Heinss profit margins
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  Speaker 1: were lifted by cost cutting under the private equity firm
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  Speaker 1: three G Capital, which runs the company courses at three
• 9:30
  Speaker 1: G backed by billionaire investor Warren Buffett, one of the
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  Speaker 1: biggest kraft heinds shareholders at Berkshire Hathaway Kraft Heinn shares
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  Speaker 1: with the game of three point eight percent. It's time
• 9:40
  Speaker 1: now for the volatility Index or board. It's brought to
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• 9:53
  Speaker 1: vix UH. The VIX down today, down more than nine percent,
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  Speaker 1: down one point one three, settling at eleven point to
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  Speaker 1: two nine UH. The VIX, of course, it takes a
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  Speaker 1: reading of the prices that investors are willing to pay
• 10:05
  Speaker 1: for options on the S and P five hundred index.
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  Speaker 1: It's at its lowest level in five years. All right, Dave,
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  Speaker 1: you're up. Hi, my name is Dave. Just what do
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  Speaker 1: you think you're doing today? We're going for the price
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  Speaker 1: to Dave. Dave, Mr Wilson tell Us about a telephone
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  Speaker 1: company that many people may never have heard of, Absolutely,
• 10:33
  Speaker 1: Shenandoah Telecommunications. Let's call it Chanel for short. That's how
• 10:38
  Speaker 1: the company refers to itself. There a provider of phone, internet,
• 10:42
  Speaker 1: and television service affiliated with the Sprint Wireless network Companies.
• 10:47
  Speaker 1: Ticker is the first four letters of its name. Chent
• 10:49
  Speaker 1: S H E N. Chentel expanded its wireless business in
• 10:53
  Speaker 1: May by completing a tour and six million dollar purchase
• 10:56
  Speaker 1: of and tell Us Holdings. Today, the company reported results
• 10:59
  Speaker 1: for the first time since completing the takeover. They didn't
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  Speaker 1: go over so well. While chan Tells revenue rose fifty
• 11:06
  Speaker 1: two percent, almost all the growth resulted from the Inteler's takeover.
• 11:10
  Speaker 1: Earnings were basically aligned with analysts averagessement in Bloomberg survey,
• 11:14
  Speaker 1: and a number of contract customers in its pre INTELOS
• 11:18
  Speaker 1: wireless business actually dropped. Raymond James analyst Rick Prentis didn't
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  Speaker 1: expect that. Uh, he's neutral on stock, and a whole
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  Speaker 1: lot of other people were not. The results sent shares
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  Speaker 1: of Shenandoah Telecommunications tumbling almost fifteen percent. It was these
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  Speaker 1: stocks steepest drop since November twent Tave Wilson, thank you
• 11:42
  Speaker 1: very much. Send Dave an email at d Wilson at
• 11:45
  Speaker 1: Bloomberg and dot net. Follow him on Twitter at the
• 11:48
  Speaker 1: One Dave, where you can follow me on Twitter at
• 11:51
  Speaker 1: pim fox. This is taking stock, coming up a look
• 11:56
  Speaker 1: at the Olympics. This is Bloomberg. Yeah, coming up on
• 12:07
  Speaker 1: taking stock. One of the most iconic sports in Brazil
• 12:10
  Speaker 1: beach volleyball. It will be played in a stadium built
• 12:13
  Speaker 1: on one of the world's most iconic beaches, Copacabana. More
• 12:17
  Speaker 1: on the Olympics next