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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 mens twenty four hours a day. If Bloomberg
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  Speaker 1: this is a Bloomberg Busines squash from Bloomberg World Headquarters.
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  Speaker 1: I'm Katherine Powdery and as that closing bell sounds. The
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  Speaker 1: Dell Industrial Average down thirty eight points to tens of
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  Speaker 1: a percent to eighteen thousand, five hundred seventy four. SMP
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  Speaker 1: five foundered down two points to three. The NASDAC higher,
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  Speaker 1: which would mean that it's made another record up four
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  Speaker 1: points a tenth of a percent of fifty two thirty two.
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  Speaker 1: The Dow Industrial Average and SMP five hundered pulled back
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  Speaker 1: from their all time highs. The NASDAC little changed. There
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  Speaker 1: was a little incentive today to push equities after the
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  Speaker 1: three benchmarks reached records yesterday. Rick hath, chief executive at
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  Speaker 1: Silver Crest Asset Management, on the markets valuation, The indusies
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  Speaker 1: may be at an all time high in recent history,
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  Speaker 1: but that's talking about equity industries. If you look at
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  Speaker 1: the multiple on where fixed income is, it's more like
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  Speaker 1: a sixty seven times multiple and they look very expensive.
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  Speaker 1: The world is risk averse. Banks were the biggest drag
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  Speaker 1: as Treasury yields fell on speculation that the Federal Reserve
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  Speaker 1: will be in no rush to raise interest rates. Drug
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  Speaker 1: Makers waited on the healthcare group, while raw materials fell
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  Speaker 1: the most in five weeks. Energy producers rose along with
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  Speaker 1: the price of crude oil for a second day. In
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  Speaker 1: North Strom jumped to buy retailers after its quarterly profit
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  Speaker 1: beat projections. In other market, soil climb to its biggest
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  Speaker 1: weekly advanced since April. The Saudi Arabia signal it's prepared
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  Speaker 1: to discuss stabilizing markets at informal OPEC discussions next month
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  Speaker 1: after prices tumbled into a bear market. West Texas intermediate
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  Speaker 1: crude rose one dollar a barrel to settle at forty
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  Speaker 1: four forty nine, prices climb six point four percent this week.
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  Speaker 1: Spout Gold down nine dollars nine cents and ounce of
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  Speaker 1: thirteen and the Tenure Treasury up fourteen thirty seconds with
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  Speaker 1: the yield of one point five one cent. Among today's
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  Speaker 1: top business stories, Anthem and Signa rose after a Justice
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  Speaker 1: Department lawyer told the judge in their antitrust case that
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  Speaker 1: the government is willing to hear settlement offers from the companies.
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  Speaker 1: Anthems proposed forty eight billion dollar takeover of Signa has
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  Speaker 1: raised questions about competition in the industry and the possibility
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  Speaker 1: that it will undermine choices for consumers. It's four oh
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  Speaker 1: two on Will Street. Let's get an updated. Some of
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  Speaker 1: the other stories were following. Katherine, thank you from the
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  Speaker 1: Bloomberg news room. I'm Mark Crumpton, Republican National Committee Chairman.
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  Speaker 1: Ryan's previous today introduced Donald Trump at a campaign rally
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  Speaker 1: in Erie, Pennsylvania. We just had a great pull that
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  Speaker 1: came out. I don't know if you saw the l
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  Speaker 1: A Times Paul showed a tied election in spite of
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  Speaker 1: the bias media. This man is going to win. He's
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  Speaker 1: going to save our country. He's gonna put us back
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  Speaker 1: to work again, put more money in people's pockets. And
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  Speaker 1: Trump told the crowd that his lack of campaign ad
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  Speaker 1: spending doesn't matter. Hillary Clinton has widened her lead over
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  Speaker 1: Donald Trump in three battleground states, and who pulled from
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  Speaker 1: The Wall Street Journal, MBS SEE News, and Marist find
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  Speaker 1: Secretary Clinton with bigger leads in Colorado, Virginia, and North Carolina,
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  Speaker 1: while maintaining her advantage in Florida. The data recorder from
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  Speaker 1: the sunken Alfaro cargo ship is now in Jacksonville, Florida.
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  Speaker 1: The Alfaro sank near the Bahamas last October, killing all
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  Speaker 1: thirty three people on board. We're turning it over to
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  Speaker 1: our highly and skill and experienced technicians and engineers in
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  Speaker 1: the lab to both work on the access and product
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  Speaker 1: processing of the data on the BDR. That's NTSB spokesman
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  Speaker 1: Brian Curtis. A new era at twenty first century Fox.
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  Speaker 1: The company's name Jack Abernathy and Bill Shine as co
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  Speaker 1: presidents of the Fox News Channel and Fox Business. The
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  Speaker 1: move will fill the leadership void created when Roger ale
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  Speaker 1: stepped down in the wake of a sexual harassment scandal
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  Speaker 1: and Alex Rodriguez plays his final game for the Yankees
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  Speaker 1: tonight at home against Tampa Bay. Global News twenty four
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  Speaker 1: hours a day, powered by more than twenty d journalists
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  Speaker 1: and analysts in more than one twenty countries. I'm Mark Crumpton,
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  Speaker 1: this is Bloomberg, Katherine, thank you, and now here's a
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  Speaker 1: quick check of the benchmarks. Says they begin to settle down.
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  Speaker 1: Industrial leverage down thirty seven points to eighteen thousand, five
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  Speaker 1: hundred seventy six SMP five fundered down two four the
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  Speaker 1: nastack up four to fifty two thirty two. Bloomber Taking
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  Speaker 1: Stock is brought to you by Sector Spider E t S.
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  Speaker 1: one eight six six Sector e t F. And that's
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  Speaker 1: a Bloomberg business flash move around, multi praery promotion. I
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  Speaker 1: feel the earth move. You moved like they do. I've
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  Speaker 1: never seen anyone move that back. Five people's move like
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  Speaker 1: you've got a purpose. Is called movers and shakers. They
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  Speaker 1: cost a little more. That name cracked me up. Bloomberg
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  Speaker 1: taking stock Movers and Shakers with pim Box and Kathleen
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  Speaker 1: as on Bloomberg Radio. Movers and Shakers for Friday, August
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  Speaker 1: the twelve, twenty sixteen in the SMP five hundred, one
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  Speaker 1: hundred and ninety nine issues advanced, three hundred and one
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  Speaker 1: decline and five are unchanged. Here to tell us more
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  Speaker 1: and begin our movers and shakers is Dave Wilson, Bloomberg
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  Speaker 1: Stocks Calumnist. Let's take a look at signal. You know
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  Speaker 1: Anthem has been trying to buy the Health Ensure for
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  Speaker 1: more than a year. Now it's a forty eight billion
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  Speaker 1: dollar deal. The Justice Department has filed an anti trust
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  Speaker 1: suit to block the transaction from going through. Well today,
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  Speaker 1: a lawyer for the department said at a hearing on
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  Speaker 1: the suit that the agency's open to listening to settlement
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  Speaker 1: offers from Anthem to try and resolve the issues that
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  Speaker 1: are holding up the deal, and that respect, and maybe
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  Speaker 1: they will be a settlement down the line went over well.
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  Speaker 1: Stigma shares up five point three percent. That's the third
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  Speaker 1: biggest game on the day. And the S and P
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  Speaker 1: and them also higher, rising one point six percent. And
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  Speaker 1: I want to talk about a solar panel installation company.
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  Speaker 1: Sun Run climbed the most in more than seven months
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  Speaker 1: after sales increased sixty nine percent in the second quarter
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  Speaker 1: that beat estimates. UH and the second biggest uf rooftop
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  Speaker 1: solar company, exceeded its installation forecast, so beating even its
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  Speaker 1: own forecast. The company was up fifteen percent. Solar City,
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  Speaker 1: on the other hand, was down one point three one
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  Speaker 1: point four percent at the end of trading, and Vivint
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  Speaker 1: was down four point four percent. So only sun Run
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  Speaker 1: gets that bonus. All right, I'm gonna tell you about
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  Speaker 1: the shares of Ruby Tuesday, the restaurant company, down more
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  Speaker 1: than thirteen percent today after reporting fourth quarter results that
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  Speaker 1: missed earnings estimates. The Maryville, Tennessee company said that it's
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  Speaker 1: going to close nine locations. Comps store sales, they said
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  Speaker 1: fell three point seven percent. The company sided falling foot
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  Speaker 1: traffic as well as high promotional activity, and it was
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  Speaker 1: the loss for the quarter was forty six cents. Revenue
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  Speaker 1: fell six percent. Ruby Tuesday stock fell. I want to
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  Speaker 1: revisit Ali Baba Group Holding, the Chinese e commerce company
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  Speaker 1: who talked about him yesterday, because they came out with
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  Speaker 1: fiscal first quarter results, earnings and revenue beating analysts average
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  Speaker 1: estimates and Bloomberg survey. Well, today Ali Baba shares did
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  Speaker 1: even better than they did yesterday. You put that together,
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  Speaker 1: it's a seven point one percent gain today. Ali Baba
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  Speaker 1: in the last two days up twelve and a half percent,
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  Speaker 1: and that's the biggest jump for the stocks as the
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  Speaker 1: company went public almost two years ago, and Yahoo, which
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  Speaker 1: owns about a fifteen per cent steak on Ali Baba,
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  Speaker 1: went along for the ride. Today's trading uh Yahoo shares
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  Speaker 1: up four point one percent, and that's on top of
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  Speaker 1: the game yesterday speaking of retailers, J C. Penny of
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  Speaker 1: course big story of the day and retail posting a
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  Speaker 1: smaller fiscal second quarter net loss than analysts had estimated,
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  Speaker 1: showing that while consistent profitability remains incredibly elusive, the department
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  Speaker 1: store chain is making progress in its multi year effort
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  Speaker 1: to rebuild its business, and the shares closing the day
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  Speaker 1: up six point one percent and the shares of Wind
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  Speaker 1: Resorts down nearly three percent today after mcau's Gaming Authority
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  Speaker 1: A lotted a hundred and fifty gaming tables for the
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  Speaker 1: company's new four billion dollar resort in Macau. That's just
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  Speaker 1: a little over a third of what the company had
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  Speaker 1: applied for. The gaming authority also said that the gaming
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  Speaker 1: tables will be for mass market players. Let's talk about
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  Speaker 1: Concordia International. This is a Canadian drug company trade of
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  Speaker 1: actively in the US, and a whole lot of investors
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  Speaker 1: have been betting against this stock. We've seen the amount
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  Speaker 1: of short selling rise tenfold over the past year. Uh
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  Speaker 1: number shares sold short right now thirty one percent of
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  Speaker 1: the total available for training or the float. Well, the
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  Speaker 1: short sellers had quite the day today. Concordius suspended its
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  Speaker 1: dividend cut this year's earnings and revenue forecast, and said
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  Speaker 1: Chief financial Officer Andrean del de Saldana is leaving. We
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  Speaker 1: put that all together and the shares of Concordia International
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  Speaker 1: falling thirty eight percent. Alright, it's time now for the
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  Speaker 1: VIX declining today down one and a half percent. It
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  Speaker 1: was down zero point one eight and it's settled at
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  Speaker 1: eleven point five and the VIX is near its annual
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  Speaker 1: low of eleven point twelve. It has dropped more than
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  Speaker 1: fifty five percent since the Brexit vote peak of volatility
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  Speaker 1: back on June. All right, Dave, you're uh hi, My
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  Speaker 1: name is Dave. Just what do you think you're doing today?
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  Speaker 1: We're going to Dave. Dave Hey, Mr Wilson, tell us
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  Speaker 1: about Planet Fitness. You know, pen the shares of Planet
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  Speaker 1: Fitness have gone through the kind of transformation this year
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  Speaker 1: that the fitness club owner would surely like to see
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  Speaker 1: for its members. Planet Fitness is listed under the ticker
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  Speaker 1: p l n T and went public last August. When
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  Speaker 1: this year began, the shares were just below the initial
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  Speaker 1: public offering price of sixteen dollars. In the first month
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  Speaker 1: and a half, they fell as though his thirteen twenty
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  Speaker 1: three and that Men's Plant Fitness was a busted I
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  Speaker 1: p o H. The status, though, didn't last long. The
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  Speaker 1: stock went back above its initial price in May and
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  Speaker 1: rally from there. Today, Planet Fitness rose to a record
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  Speaker 1: after the company reported second quarter results or any The
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  Speaker 1: revenue beat the average anlans testaments in the Bloomberg survey,
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  Speaker 1: as they have done in every quarter since Planet Fitness
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  Speaker 1: went public. The company raised full year forecast for the
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  Speaker 1: second time since making them in March. Jeffries analyst Randall
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  Speaker 1: Knach put it this way into report, and I quote
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  Speaker 1: what to do with the stock? Buy it. Many investors
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  Speaker 1: did just that today as Planet Fitness closed with a
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  Speaker 1: gain of ten percent. Dave, I know I can get
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  Speaker 1: your chart of the day if I message you at
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  Speaker 1: d Wilson at Bloomberg dot net. Do you mean stock
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  Speaker 1: of the day as well? Well? You can see the
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  Speaker 1: stock of the day on my Twitter feed at the
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  Speaker 1: one day, then other assorted social media. I put it
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  Speaker 1: up right after I talked about it here on Bloomberg
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  Speaker 1: RADI I count on Dave Wilson to do all the
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  Speaker 1: hard work, and then I steal it and use it
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  Speaker 1: on TV as often as I possibly can. And I
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  Speaker 1: am grateful for the acknowledgement. That's that's efficiency, right, theam
• 11:52
  Speaker 1: that's efficiency. Uh, this is the Bloomberg advantage. Matt mill
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  Speaker 1: are filling in for Kathleen Hayes today, Pen Fox here
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  Speaker 1: as usual, the guy you through the market close. This
• 12:02
  Speaker 1: is Bloomberg. Sorry. Coming up, we're gonna be talking about
• 12:08
  Speaker 1: biotechnology stocks. Signs of deals brewing in the biotech sector.
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  Speaker 1: Does this mean that the competition will increase in prices
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  Speaker 1: will increase? We'll find out