Latest / Bloomberg Intelligence / Bloomberg's Papadopolous on Derby Winning Horse Nyquist (Audio)

Transcript

Bloomberg's Papadopolous on Derby Winning Horse Nyquist (Audio) · Bloomberg Intelligence

• 0:02
  Speaker 1: Global business news twenty four hours a day at Bloomberg
• 0:05
  Speaker 1: dot com, the Radio plus Mobile Lab and on your radio.
• 0:09
  Speaker 1: This is a Bloomberg Business flag from Bloomberg World Headquarters.
• 0:13
  Speaker 1: A sign Charlie Pelt a mixed picture for stocks. LED's
• 0:16
  Speaker 1: head right over to the first Word Breaking news desk
• 0:18
  Speaker 1: for today's afternoon call, and here he is Bill Maloney.
• 0:22
  Speaker 1: Good afternoon, Charlie. Down SMP are quiet today, with the
• 0:26
  Speaker 1: Dow currently lowered by thirteen points, smps are hired by
• 0:29
  Speaker 1: five and NASA gains twenty seven. Small cap six hundreds
• 0:33
  Speaker 1: higher by three points, and the US ten NIEL falls
• 0:35
  Speaker 1: to one point seven five per cent. Six out of
• 0:39
  Speaker 1: tenni SB sectors are higher, led by gains in healthcare,
• 0:42
  Speaker 1: consumer staples and the utilities. Energy, materials and the industrials
• 0:46
  Speaker 1: led to the downside down Transports rise twenty seven and
• 0:50
  Speaker 1: as a biotechs outperform gained seventy six and the VIX
• 0:54
  Speaker 1: is lower by two point six percent. Down Leaders to
• 0:57
  Speaker 1: the upside included Walmart, Fiser and Mark. Caterpillar led to
• 1:01
  Speaker 1: the downside following three point two percent. Joy Global fell
• 1:04
  Speaker 1: as much as eighteen percent. Freeport mcmah dropped ten percent. Well,
• 1:09
  Speaker 1: Malcrocht gains six percent After Friday seven percent decline. Live
• 1:14
  Speaker 1: on the first breaking news task on Bill Maloney, Charlie,
• 1:16
  Speaker 1: all right, thank you very much, Bill Maloney. We are
• 1:18
  Speaker 1: brought to you today by Bentley University. What do rebooting
• 1:22
  Speaker 1: America's oldest ski shop and crunching numbers a vis to
• 1:25
  Speaker 1: print have in common? An NBA from Bentley University. The
• 1:28
  Speaker 1: prepares graduates to innovate and lead because business is everywhere.
• 1:33
  Speaker 1: Prepare here and again to hear live breaking news over
• 1:36
  Speaker 1: your Bloomberg tipe squawk. Ask you you a WK on
• 1:39
  Speaker 1: your terminal. I'm Charlie Pendleton. That's a Bloomberg business splash.
• 1:45
  Speaker 1: You're listening to Taking stock with Kathleen and Pim Fox
• 1:48
  Speaker 1: on Bloomberg Radio. Wagering from all of the sources. On
• 1:54
  Speaker 1: Saturday's Kentucky, a Derby Day program the second highest in
• 1:59
  Speaker 1: history to totaling one hundred and ninety two million dollars
• 2:05
  Speaker 1: to help us understand what what what went on on
• 2:07
  Speaker 1: Saturday and also can look ahead to the twenty one
• 2:11
  Speaker 1: of the month. The running of the Preakness is David Papadopoulos.
• 2:14
  Speaker 1: He is a managing editor here at Bloomberg News and
• 2:18
  Speaker 1: David tell us all about the Kentucky Derby. How do
• 2:21
  Speaker 1: you sum it up and tell us what you came
• 2:23
  Speaker 1: away with? Well, for starters, some of that money that
• 2:25
  Speaker 1: record handled, there was unfortunately my money that was burnt
• 2:27
  Speaker 1: at the window. But um, you know, the winner, I
• 2:31
  Speaker 1: would say Nyquist was extremely impressive. I mean he is
• 2:34
  Speaker 1: now perfect eight for eight um, and he looked honestly
• 2:40
  Speaker 1: like a winner every step or every step around the
• 2:42
  Speaker 1: race track. And what what makes his victory even more
• 2:46
  Speaker 1: impressive than the one length victory it was in the end,
• 2:49
  Speaker 1: was that he was on top of a very very
• 2:51
  Speaker 1: fast early pace. They were flying up front. He was
• 2:55
  Speaker 1: right on top of that pace, and while most of
• 2:57
  Speaker 1: the horses around him collapse in exhaustion, cleaning the horses,
• 3:00
  Speaker 1: I bet on he kept going on and and he
• 3:03
  Speaker 1: won with something left in the tank. I mean, if
• 3:05
  Speaker 1: you look, most and most of the horses that surrounded
• 3:07
  Speaker 1: him at the end near the finish line early on
• 3:10
  Speaker 1: in the race, they were in fifteen thirteen, nineteen, twelve, eighteen.
• 3:13
  Speaker 1: So you know that tells you that you know, he
• 3:17
  Speaker 1: didn't you know, an awful lot of running early and
• 3:19
  Speaker 1: had a lot left like, what what does what does
• 3:23
  Speaker 1: this say about the pedigree the California Uh Quoti. Well,
• 3:28
  Speaker 1: what I would say is this is they're gonna have
• 3:29
  Speaker 1: to Uh I think they're name that people so you
• 3:32
  Speaker 1: get the full flavor. Well, so, um, this is now
• 3:36
  Speaker 1: the fourth time in five years that the winner has
• 3:39
  Speaker 1: not been bred in California but has been based in California.
• 3:43
  Speaker 1: It's the California Mafia between Doug O'Neal, this trainer here,
• 3:46
  Speaker 1: and Bob Bafford and some others. Um and they've really
• 3:50
  Speaker 1: kind of taken this race over. I call it the
• 3:51
  Speaker 1: California Derby. Now, last year the California horses ran one
• 3:55
  Speaker 1: two three in this race. This year they ran first second,
• 3:59
  Speaker 1: um And the and the story itself is trying to
• 4:00
  Speaker 1: figure out what exactly why this trend has suddenly popped up.
• 4:03
  Speaker 1: It could just be tyranny of small data, could just
• 4:06
  Speaker 1: be some random event. Uh. The only thing that people
• 4:08
  Speaker 1: can come up with is, you know, the weather is
• 4:10
  Speaker 1: perfect year round in cow in California where they train,
• 4:13
  Speaker 1: and maybe that helps these horses stay in a regular
• 4:16
  Speaker 1: training regimen. But it's uh, it's become a something of
• 4:19
  Speaker 1: a phenomenon all of a sudden. Any other horses come
• 4:23
  Speaker 1: away from Derby Day with their reputations in half well
• 4:27
  Speaker 1: the second listen, they're only uh. In addition to nike
• 4:30
  Speaker 1: Quist going onto the Preakness in two weeks only a
• 4:32
  Speaker 1: couple other horses, apparently from the Derby are going to
• 4:35
  Speaker 1: go onto the Preakness. Exaggerator the second place finisher, the
• 4:38
  Speaker 1: the other California horse, and then the Japanese Japanese owned
• 4:41
  Speaker 1: horse Lonnie will go on. Exaggerator ran a very good race,
• 4:45
  Speaker 1: uh to come in second. He got a terrific setup.
• 4:48
  Speaker 1: I mean he was coming. He was way way out
• 4:51
  Speaker 1: of it early. And and that's where you want to
• 4:53
  Speaker 1: be when they're going as fast as they were. And
• 4:54
  Speaker 1: they did the opening quarter mile to give you an
• 4:56
  Speaker 1: idea in about twenty just over twenty two seconds. They
• 4:59
  Speaker 1: did the last as quarter mile in about twenty six seconds,
• 5:03
  Speaker 1: So I'll give you an idea of how much you
• 5:04
  Speaker 1: know they were tiring up front. Uh, And and so
• 5:07
  Speaker 1: Exaggerated was in the place to be. He was way
• 5:09
  Speaker 1: out of it early, and he came he came running late. Um,
• 5:12
  Speaker 1: he but he ran respectably enough. He's gonna try nike
• 5:15
  Speaker 1: Wist in the Preakness um. But for the most part,
• 5:18
  Speaker 1: most everyone's been scared off by by Nike wist Um.
• 5:22
  Speaker 1: It's a distinct possibility. It took a thirty seven years
• 5:25
  Speaker 1: to get a triple Crown winner last year, it's not
• 5:28
  Speaker 1: impossible we get back to back triple Crown winners. He's
• 5:30
  Speaker 1: a standout horse. It's becoming clear every day and and
• 5:34
  Speaker 1: in a group of three year olds that's just maybe
• 5:37
  Speaker 1: just okay uh, And that's often a formula to get
• 5:40
  Speaker 1: a triple Crown winner. Um and uh. He's also he's
• 5:45
  Speaker 1: gonna be He's gonna be very, very valuable because he
• 5:50
  Speaker 1: is winning big races and he is the son of
• 5:54
  Speaker 1: a young sire that is suddenly pretty much almost the
• 5:58
  Speaker 1: hottest young sire in all of Kentucky, and so being
• 6:01
  Speaker 1: an offspring of that red hot sire in Kentucky is
• 6:04
  Speaker 1: going to make him a very, very valuable animal in
• 6:08
  Speaker 1: the breeding shed. Fourteen entrants into the Preakness that they
• 6:12
  Speaker 1: do a maximum fourteen and they may get enough money
• 6:17
  Speaker 1: at Churchill, which to my mind is really too many
• 6:20
  Speaker 1: because he creates a lot of chaos, But fourteen would
• 6:23
  Speaker 1: be the maximum, and they may wind up getting a
• 6:25
  Speaker 1: number close to fourteen. But you tend to get a
• 6:28
  Speaker 1: lot of local horses from the Maryland area that are
• 6:31
  Speaker 1: just kind of okay. But when in terms of when
• 6:33
  Speaker 1: you look at real, real good horses challenging Nike was,
• 6:36
  Speaker 1: I don't know that it's gonna be a huge field. Listen.
• 6:38
  Speaker 1: He's gonna be an enormous favorite in the Preakness. I mean,
• 6:41
  Speaker 1: if he was two to one on Kentucky Derby Day,
• 6:44
  Speaker 1: he could be one to two or two to five
• 6:47
  Speaker 1: in the Preakness. Meaning if you bet five, you bet
• 6:51
  Speaker 1: five for a chance to win two. And we do
• 6:53
  Speaker 1: have a sing at the race track, which is him.
• 6:55
  Speaker 1: If you already got the five, you don't need the two.
• 6:57
  Speaker 1: So uh, but he'll be a big favorite. And and
• 7:00
  Speaker 1: you know, honestly, I can't tell you right now, I
• 7:03
  Speaker 1: see him getting beat. If he runs his race, he wins.
• 7:06
  Speaker 1: I mean there's no doubt about that. And he's got
• 7:08
  Speaker 1: the strength, as you say, to carry that all the
• 7:11
  Speaker 1: way through to the finish. He's been really impressive. I mean,
• 7:13
  Speaker 1: he was really impressive in this race. And then last
• 7:16
  Speaker 1: fall he was in this situation where he was in
• 7:19
  Speaker 1: you know, in an impossible spot and he just kind
• 7:21
  Speaker 1: of kept down running. Thank you very much for spending
• 7:23
  Speaker 1: time with us. David Papantopholis, Managing editor a Bloomberg News
• 7:28
  Speaker 1: everything about force racing, and of course he'll be joining
• 7:32
  Speaker 1: us as we get closer to the twenty one of
• 7:34
  Speaker 1: May for the freefness at Pimlico in Bollspore. This is
• 7:40
  Speaker 1: Bloomberg Radio. Bloomberg Taking Stock is brought to by New
• 7:47
  Speaker 1: York Presbyterian Lower Manhattan Hospital, located at one seventy Williams Street.
• 7:52
  Speaker 1: It's part of the number one hospital in New York.
• 7:54
  Speaker 1: Learned more at NYP dot org slash Lower Manhattan