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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 at Blomberg
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  Speaker 1: dot Com, So Radio plus Mobil and on your radio
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  Speaker 1: Bloomberg Business Flash from Bloomberg World Headquarters on Katherine Cordy
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  Speaker 1: and as that closing bell sounds, that finds the benchmarks
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  Speaker 1: narrowing earlier losses down. Industrial aversdown one hundred eleven points
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  Speaker 1: six tents of a percent at seventeen thousand, eight hundred
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  Speaker 1: thirty eight, SMB five foundered down fifteen point seven tenths
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  Speaker 1: of a percent at two thousand eighty eight, nastacked down
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  Speaker 1: forty point seven eighths of a percent at forty two.
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  Speaker 1: Well Stocks swell after comments from Mark Kearney, Governor of
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  Speaker 1: the Bank of England, reawakened concerns that Britain's withdrawal from
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  Speaker 1: the European Union will further way on economic growth now.
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  Speaker 1: William Dudley, president of the Federal Reserve Bank of New York,
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  Speaker 1: side today that Brexit is a cloud on the horizon
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  Speaker 1: for policy. He added it's too early to understand the
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  Speaker 1: full consequences of the vote. Equities pulled back after their
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  Speaker 1: strongest weekly advanced since November. Brian Battle at performance at
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  Speaker 1: Trust Capital Partners on today's losses. Certainly it's a shortened week,
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  Speaker 1: so that's not helping. You know, we're gonna have a
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  Speaker 1: little bit of sell off here for the start of
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  Speaker 1: the second quarter. And also, probably more importantly, the incimpathy
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  Speaker 1: with thee over the weekend in Europe and in Asia.
• 1:15
  Speaker 1: And we check the markets every fifteen minutes throughout the
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  Speaker 1: trading day. West Texas Cinemedia Crude oilis down two dollars
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  Speaker 1: twenty four cents of every four and a half percent
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  Speaker 1: at forty seventy six. Spot gold is up eighteen dollars
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  Speaker 1: ninety cents announced at thirteen fifty seven ninety, and the
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  Speaker 1: Tenure Treasury is up twenty thirty seconds with the yield
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  Speaker 1: of one point three seven percent. Among today's top business stories,
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  Speaker 1: Comcast and Netflix have agreed to let customers of both
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  Speaker 1: companies stream Netflix web video content on the cable companies
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  Speaker 1: x one platform. The companies say the deal will provide
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  Speaker 1: seamless access to the content offered by both of them.
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  Speaker 1: BlackBerry says it will stop making its classic smartphone less
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  Speaker 1: and two years after launching it with much fanfare, The
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  Speaker 1: company will now focus on updating its smartphone line up.
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  Speaker 1: BlackBerry his face as to stop making cell phones in
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  Speaker 1: favor of focusing on its burgeoning software business. Us Land
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  Speaker 1: large who built rental businesses by buying homes on this
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  Speaker 1: are now consolidating and streamlining their operations, in part by
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  Speaker 1: selling for a profit the properties that have stored in value.
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  Speaker 1: And I was going to an update if some of
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  Speaker 1: the other stories were following today. Thank you Katherine from
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  Speaker 1: the Bloomberg newsroom. I'm rainy and essentio. President Obama and
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  Speaker 1: Hillary Clinton are speaking in Charlotte, North Carolina. This is
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  Speaker 1: their first joint campaign appearance. The event today comes after
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  Speaker 1: the director of the FBI says the bureau will not
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  Speaker 1: recommend charges against Clinton or her aids over violations of
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  Speaker 1: email protocols that occurred during her tenure as Secretary of State.
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  Speaker 1: Although there is evidence of potential violations of the statutes
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  Speaker 1: regarding the handling of classified information, our judgment is that
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  Speaker 1: no reasonable prosecutor would bring such a case. Presumptive Republican
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  Speaker 1: nominee Donald Trump reacted to call these remarks, calling the
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  Speaker 1: FBI's decision unfair and saying the system is rigged. Officials
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  Speaker 1: say Islamic State appears to be increasing its attacks as
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  Speaker 1: the extremist group loses territory across the Middle East. Deputy
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  Speaker 1: Secretary of State Anthony B. Lincoln says he's confident the
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  Speaker 1: terror group will be defeated. Actually, I think what we're
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  Speaker 1: seeing is a product, to some great extent of the
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  Speaker 1: success we're having against ices, because we're putting intense pressure
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  Speaker 1: on ices at its core in Iraq, in Syria, and
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  Speaker 1: what we're seeing is that lashing out in other places.
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  Speaker 1: Authorities now say at least one seventy five people were
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  Speaker 1: killed and almost two hundred were wounded after a truck
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  Speaker 1: bombing in Iraq. Islamic State has claimed responsibility, and an
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  Speaker 1: LLL flight from New York escorted by military jets from Europe,
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  Speaker 1: landed safely in Israel today. LLL officials say flight Double
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  Speaker 1: O two from JFK touched down after an anonymous tip
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  Speaker 1: was received regarding a potential bomb threat on board. That
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  Speaker 1: threat was ultimately unfounded, but it marked a rare security scare. Four.
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  Speaker 1: LLL generally regarded as one of the world's most secure airlines.
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  Speaker 1: Global news twenty four hours a day, powered by more
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  Speaker 1: than journalists and analysts in more than one h twenty
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  Speaker 1: countries from the Bloomberg Newsroom. I'm Rainy in Essenio. This
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  Speaker 1: is Bloomberg, Katherine, thank you. And now let's get a
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  Speaker 1: quick tech of those equity benchmarks as they begin to
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  Speaker 1: settle down. Dustrial leverage down one nine points at seventeen thousand,
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  Speaker 1: eight hundred forty SMP FA foundered down fourteen points to
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  Speaker 1: two thousand eighty eight. Then as to act down forty
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  Speaker 1: points to two. And that's a Bloomberg business flash move
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  Speaker 1: around most grade promotion. I feel the earth move on
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  Speaker 1: the You moved like they do. I've never seen anyone
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  Speaker 1: move that back fired people. Let's moved like you got
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  Speaker 1: a purpose. Couples called movers and shakers. It costs a
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  Speaker 1: little more. That name cracked me up. Bloomberg taking stock
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  Speaker 1: Movers and Shakers with Pim Fox and Kathleen Hay's on
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  Speaker 1: Bloomberg Rady Movers and Shakers for Tuesday, July the fifth
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  Speaker 1: twenty is sixteen one hundred and thirty one issues advanced
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  Speaker 1: in the SMP five hundred, three hundred and seventy two
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  Speaker 1: fall and three remain unchanged. Dave Wilson, Bloomberg Stocks, Thomas
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  Speaker 1: joins us now to begin our Movers and shakers wanting
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  Speaker 1: to highlight what happened with Apple and some of its
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  Speaker 1: suppliers today. UH City Group cutting its earnings estimates on
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  Speaker 1: the iPhone maker for the fiscal third and fourth quarters,
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  Speaker 1: should point out Apple's fiscal year ends in September. I mean,
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  Speaker 1: they're citing the effects of the UK vote to leave
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  Speaker 1: the European Union in terms of currency swings and doubts
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  Speaker 1: about economic growth, and beyond that, they're also talking about
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  Speaker 1: people who have their iPhones keeping them longer. That the
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  Speaker 1: average length of time before an iPhone gets replaced is
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  Speaker 1: up to about twenty eight months from twenty four months
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  Speaker 1: three years ago. So all that working against the Apple
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  Speaker 1: the shares of down nine tents for percent today, and
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  Speaker 1: you also had the cuts in a ratings on a
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  Speaker 1: couple of its chip suppliers, Skywork Solutions and Serious Logic
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  Speaker 1: that was over a Pacific crest. UH they did a
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  Speaker 1: quarterly survey of Asian suppliers to companies like Apple and
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  Speaker 1: turned out that the demand for chips for the new
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  Speaker 1: iPhones that presumably are are being made as we speak
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  Speaker 1: and we'll get introduced in the next few months, well,
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  Speaker 1: they're just not living up to what the firm was expecting,
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  Speaker 1: So Skyworks and Serious Logic Booth down about six percent today.
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  Speaker 1: Let's take a look at hog H O G. Harley Davidson,
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  Speaker 1: an iconic US brand. UH and Harley down pretty sharply
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  Speaker 1: today at the closed ten point eight percent of forty
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  Speaker 1: three dollars and change. Robert Barrett analyst Craig Kennison has
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  Speaker 1: downgraded Harley to neutral versus outperformed on valuation. He also
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  Speaker 1: wrote in a note that there's uh no information that
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  Speaker 1: would corroborate recent takeout speculation. He's unaware of any credible
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  Speaker 1: sources behind these rumors. However, his favorable opening on the
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  Speaker 1: company remains unchanged. He's as hardy as among quote the
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  Speaker 1: most valuable brands on the planet, with an intensely loyal
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  Speaker 1: customer base. All right, you were driving on land, I'm
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  Speaker 1: going to talk about flying in the air, talking about
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  Speaker 1: the airline stocks. This comes after excess seating capacity worries
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  Speaker 1: sluggish demand for pricey last minute business tickets. Investors have
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  Speaker 1: been leaving airline stocks all year, and today Delta Airlines
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  Speaker 1: said that passenger revenue for each seat flown a mile
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  Speaker 1: to typical gauge for airlines fell five percent in the
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  Speaker 1: second quarter. Shares of Delta down more than three percent.
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  Speaker 1: United Airlines ninety Continental rather down two and a half percent,
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  Speaker 1: American down more than one percent. Also followed by the
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  Speaker 1: clients in Air Canada they were down more than two
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  Speaker 1: and a half percent. Twinkies, Hoes, other snacks. The company
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  Speaker 1: behind them is going to be public. We're talking about
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  Speaker 1: Hostess Brands now. They made a deal with what's called
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  Speaker 1: a special purpose acquisition company or SPACK. It's basically a
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  Speaker 1: blank check company in this case, was set up by
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  Speaker 1: the private actui firm Gores Group. Uh it's called Goal Cord,
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  Speaker 1: called Gore's Holdings, and they're gonna put up some money
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  Speaker 1: for the deal. And then you have some investors like
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  Speaker 1: de Metropolis, big investor in food companies. He's gonna be
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  Speaker 1: involved as well. You put it all together, Hostess goes public.
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  Speaker 1: This is after two bankruptcy filings and then reorganizations since
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  Speaker 1: two thousand nine, So interesting bit of a turn about there.
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  Speaker 1: Gore's Holdings ticker on this one g r s H
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  Speaker 1: shares up two point four percent in the wake of
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  Speaker 1: this deal. You guys had to know I was going
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  Speaker 1: to do BlackBerry, because you know how I'm kind of
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  Speaker 1: a don't know, sentimental about this company that was so
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  Speaker 1: much on top with its Blackberries. Talking about iconic it
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  Speaker 1: really was at one point. And now BlackBerry has announced
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  Speaker 1: it will no longer manufacturing the black Very Classic, a
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  Speaker 1: beloved updated model of the original that made the company
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  Speaker 1: a smartphone leader long before Apple and Samsung dethroned. At
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  Speaker 1: p M. Blackberries down about three and a half percent. Yes,
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  Speaker 1: perhaps the end of a BlackBerry as a hardware maker. Well,
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  Speaker 1: now it's time for the Volatility Index Report, brought to
• 9:18
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• 9:30
  Speaker 1: the ViXS moved higher today point eight one points to
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  Speaker 1: fifteen point five eight as the people who trade that
• 9:37
  Speaker 1: instrument are looking at some of the central bank moves
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  Speaker 1: around the world. The Bank of England announcing steps to
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  Speaker 1: to boost banks is signaling that he's a week economy,
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  Speaker 1: and of course we're waiting for FED minutes tomorrow and
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  Speaker 1: the big jobs report on Friday. All right, Dave here
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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 today? We're going for a price found
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  Speaker 1: welcome on the door day day. Hey, Mr Wilson, tell
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  Speaker 1: us about this company that's based in Beverly, mass uh
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  Speaker 1: and it is an operator of kidney dialysis facilities run
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  Speaker 1: by Joe Carlucci. Talk about American Renal Associates holdings. They
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  Speaker 1: asked you do business in twenty five U s. States.
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  Speaker 1: In the District of Columbia. Centers are set up as
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  Speaker 1: partnerships between the company and local doctors. Now, American Renal
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  Speaker 1: made its initial public offering enabled and raised a hundred
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  Speaker 1: and sixty five million dollars in the stock sale. Company
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  Speaker 1: shares are listed under the ticker a r A. American
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  Speaker 1: Renal rose twenty and a half per sound as first
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  Speaker 1: day of trading and anted to its games during the
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  Speaker 1: next two months. Since then, the stock has been up
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  Speaker 1: and down, and today was a decidedly down day. American
• 10:49
  Speaker 1: Renal disclosed the lawsuit was filed against the company by
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  Speaker 1: units of the largest US health insured United Health Group.
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  Speaker 1: The case involves one point nine million dollars and allegedly
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  Speaker 1: improper payments to twelve facilities in Florida and Ohio for
• 11:04
  Speaker 1: patients covered under the Affordable Care Act, also known as Obamacare.
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  Speaker 1: American Renal said in the filing that United Health claims
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  Speaker 1: were without merit. Even so, these stocks suffered its biggest
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  Speaker 1: one day lossons going public and closed at its lowest
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  Speaker 1: price since trading began. American Renal Associates holdings fulling nine
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  Speaker 1: point nine percent on the day to close at twenty
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  Speaker 1: five dollars and SEV Dave Wilson, thank you so very
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  Speaker 1: much his stock of the day, his chart of the day.
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  Speaker 1: You can catch all of this every day on taking
• 11:38
  Speaker 1: Stock right here on Bloomberg Radio. I'm Kathleen Hayes along
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  Speaker 1: with Pim Fox. Up next a new book, White Trash,
• 11:46
  Speaker 1: the four hundred year untold history of class in America.
• 11:51
  Speaker 1: Fitting book as the presidential race continues to heat up,
• 11:56
  Speaker 1: and this is Bloomberg coming up on taking Stock. A
• 12:08
  Speaker 1: conversation with Nancy Eisenberg, author, professor of American History at
• 12:12
  Speaker 1: Louisiana State University and the author of the new book
• 12:16
  Speaker 1: White Trash. That's next