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

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  Speaker 1: Bloomberg Business News twenty four hours a day at Bloomberg
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  Speaker 1: is a Bloomberg Business Flush from Bloomberg World Handquarters. I'm Charlie.
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  Speaker 1: Hell out. Sound of the closing bell of the New
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  Speaker 1: F losing Thursday stock slipping from near record levels after
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  Speaker 1: European Central Bank President Mario Draggy downplayed the need for
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  Speaker 1: more stimulus measures to bolster growth. Danny blanche Flower is
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  Speaker 1: an economics professor at Dartmouth and a former Bank of
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  Speaker 1: England policymaker. He was our guest today right here on
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  Speaker 1: taking stock the ECPs, looking at what additional things can
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  Speaker 1: it do, particularly with the Brexit shop But clearly we
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  Speaker 1: don't have biggest shock it is, but it clearly represents
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  Speaker 1: a negative shock to the euro Area and to the UK.
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  Speaker 1: So so essentially drug has made it clear, shocks it
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  Speaker 1: to the downs that there's limited things that they can do.
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  Speaker 1: The SMP five hundred index down four to one to
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  Speaker 1: drop there of two tents of one percent down, Industrials
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  Speaker 1: down forty seven, a decline of three tents of one percent,
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  Speaker 1: and has stacked down twenty four a drop of five
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  Speaker 1: tenths of one percent. The tenure down nineteen thirty seconds
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  Speaker 1: that yield one point six one percent, Gold down seven
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  Speaker 1: to thirteen thirty seven, a drop of six tents of
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  Speaker 1: one percent, and crude oil surging four point two percent.
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  Speaker 1: West Texas Intermediate up a dollar ninety of barrel to
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  Speaker 1: forty seven dollars and forty cents. Apple was the biggest drag,
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  Speaker 1: following the most in two months the day after the
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  Speaker 1: introduction of the latest iPhone, Apple down two point six percent.
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  Speaker 1: Apple is also raking with traditions, says it will not
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  Speaker 1: provide opening weekend sales numbers for the new iPhone. Tractor
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  Speaker 1: supply tumbling today by sixteen point nine percent, biggest Trump
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  Speaker 1: in five years after cutting its profit outlook, and at
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  Speaker 1: four o two on Wall Street. Now, let's look at
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  Speaker 1: other news from around the world. Charlie, thank you from
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  Speaker 1: the Bloomberg News room. I'm Mark Crumpton. As he left
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  Speaker 1: Laus early today, President Obama was asked for his views
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  Speaker 1: on Donald Trump. The President said elections can bring out
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  Speaker 1: political behavior that's not normally tolerated. There is this process
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  Speaker 1: that seems to take place over the course of the
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  Speaker 1: election season where somehow behavior that in normal times we
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  Speaker 1: would consider completely unacceptable and outrageous becomes normalized and people
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  Speaker 1: start thinking that we should be great and on a curve.
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  Speaker 1: Appearing on ABC's The View, Libertarian presidential candidate Gary Johnson
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  Speaker 1: spoke about his big gaff this morning on MSNBC when
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  Speaker 1: he seemed unable to recall what Aleppo was. Johnson said
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  Speaker 1: he was thinking in terms of acronyms at the time
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  Speaker 1: and is very aware of the Syrian city. To get
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  Speaker 1: out of Syria, that has to be joining hands with
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  Speaker 1: Russia diplomatically to make this happen. And that isn't to
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  Speaker 1: say that Obama isn't pursuing that currently, but that is
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  Speaker 1: the key in my opinion, to resolving Syria. And after
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  Speaker 1: his MSNBC appearance, Johnson told Mark Alpern of Bloomberg Politics
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  Speaker 1: that he needs to learn more. Ryan Lockty is barred
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  Speaker 1: from swimming through next June and will forfeit one hundred
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  Speaker 1: thousand dollars in bonus money that went with his gold
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  Speaker 1: medal at the Summer Olympics as part of the penalty
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  Speaker 1: for his drunken encounter at a gas station in Brazil
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  Speaker 1: during last month's games. Global News twenty four hours a day,
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  Speaker 1: powered by more than twenty hundred journalists and analysts in
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  Speaker 1: over one d twenty countries. I'm more Crumpton. This is Bloomberg, Charlie,
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  Speaker 1: and we thank you and again recapping stocks lower SMP
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  Speaker 1: five hundred index dropping four points to one, a decline
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  Speaker 1: today of two tenths of one percent. I'm Charlie Pellatton.
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  Speaker 1: That's a Bloomberg business flash. Move around most great promotion,
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  Speaker 1: the elite move. You moved like they do. I've never
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  Speaker 1: seen anyone move that back hard people. Let's moved like
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  Speaker 1: to get a purpose. He's 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 Fox and Kathleen
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  Speaker 1: As on Bloomberg Radio. Let's look inside the SMP five
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  Speaker 1: hundred looks like it a definitive thumbs down on stock
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  Speaker 1: today even though there were one nine four gainers, that's
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  Speaker 1: no Insigni nicking amount. There were three hundred and ten
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  Speaker 1: losers today. One company's share price closing unchanged. Dave Wilson,
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  Speaker 1: are stocks that it is back to kickoff movers and shakers? Well,
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  Speaker 1: let's talk about what Gilead's sciences is up to when
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  Speaker 1: it's more about what it may mean for other companies.
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  Speaker 1: Their their top research executive went to an investor conference
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  Speaker 1: and talked about how they're looking to expand into cancer drugs.
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  Speaker 1: Gillyad best known for its heapetitze C treatments at the moment,
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  Speaker 1: and they're looking at a particular type of therapy for
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  Speaker 1: cancer that a couple of companies are working on. One
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  Speaker 1: of them is two Sarah the tickers t s r OH.
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  Speaker 1: That stock up seven and a half percent in today's trading.
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  Speaker 1: The others Clovis Oncology ticker c LVS, and that stock
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  Speaker 1: gained fifty percent after Gilead's comments. Gill Head by the
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  Speaker 1: way up one on the day. I was gonna tell
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  Speaker 1: you about Barnes and Noble. Have you been looking at
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  Speaker 1: the shares of Barnes and Noble today, body any chance
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  Speaker 1: shares a Barnes and Noble uh falling today They declined
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  Speaker 1: about four percent. This comes after the company reported quarterly
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  Speaker 1: results that the founder says is the worst in years.
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  Speaker 1: And Riggio the founder of Barnes and Noble and currently
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  Speaker 1: the chairman, He said the bookstore chain is suffering from
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  Speaker 1: one of the worst retail environments and it has hit
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  Speaker 1: it close to a historic low point. He said the
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  Speaker 1: retail climate is terrible, and he said the company's first
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  Speaker 1: quarter earnings call uh. He spoke on the earnings call today,
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  Speaker 1: he said, better put, it is one of the worst
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  Speaker 1: I have seen or experienced in fifty years I've been
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  Speaker 1: in this industry. Shares of Barnes and Noble, the bookseller
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  Speaker 1: down four percent would be very interesting to see if
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  Speaker 1: that's a related just to Barnes and Noble and on
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  Speaker 1: the online on the online competition PM more, if it
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  Speaker 1: shows something broader about consumers, we should you know just
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  Speaker 1: a point, do you know that Barnes and Noble has
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  Speaker 1: I think about six million customers that spent twenty five
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  Speaker 1: dollars a year to be part of a similar kind
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  Speaker 1: of prime program that Amazon has well, we'll see. Let's
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  Speaker 1: talk about Apple real quick here, because you know the
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  Speaker 1: big event yesterday new iPhones, new watches, and today Apple
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  Speaker 1: has said it's not going to release its opening weekend
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  Speaker 1: sales numbers as it has in the past. What's holding
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  Speaker 1: back a key metric a lot of investors have used
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  Speaker 1: to determine the success of an iPhone launch. Apples saying
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  Speaker 1: we're now at a point where we know, before taking
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  Speaker 1: the first customer priorder, we will sell out of the
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  Speaker 1: iPhone seven. Also that initial sales will be governed by supply,
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  Speaker 1: not demand, so at any rate, that's their decision today.
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  Speaker 1: But the investors really didn't like it too much. Not
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  Speaker 1: a big, big loss two point six percent on the
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  Speaker 1: share price two five dollars and fifty two cents. Dave, Well,
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  Speaker 1: let's stick with healthcare and deal making, specifically in the
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  Speaker 1: drug store business. Walgreen's Boots Alliance has been trying to
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  Speaker 1: buy right A for nine point four billion dollars, and
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  Speaker 1: there was good news and bad news on that front. Today.
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  Speaker 1: The bad news is that Walgreens figures they're going to
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  Speaker 1: have to divest more stores than they originally plan in
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  Speaker 1: order to overcome US anti trust objections. The good news
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  Speaker 1: is that Walgreens still expects to complete the purchase in
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  Speaker 1: the second half of this year, and it was the
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  Speaker 1: good news that carried the day Walgreen's boots up two
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  Speaker 1: point two percent, and Ride Aid with a gain of
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  Speaker 1: close to six percent. How about Twitter, tell you about
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  Speaker 1: the shares of Twitter today down nearly six percent, and
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  Speaker 1: this comes after really no tangible news emerging from Twitter's
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  Speaker 1: board meeting today. Investors had hoped, perhaps for a sale
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  Speaker 1: or change in management. Well, they are gonna have to
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  Speaker 1: look elsewhere. No news from the Twitter board and if
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  Speaker 1: you take a look at the recent trend slowing growth
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  Speaker 1: not expected to reverse in the near future. Shares of
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  Speaker 1: Twitter down today by nearly six percent. Is one more
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  Speaker 1: quickly going to retailer Because again, are these microvisions of companies,
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  Speaker 1: earnings and etcetera a broader signal for the economy. Peer
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  Speaker 1: one UH down the most in nearly nine months. Their
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  Speaker 1: second quarter loss is going to be wild than expected,
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  Speaker 1: and their CEO announced his plans to retire at the
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  Speaker 1: end of the year. Nevertheless, with their comparable sales down
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  Speaker 1: four part three percent in the period through last month,
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  Speaker 1: UH this is something that investors are taking note of
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  Speaker 1: All right, it's time now for the volatility Index. Reported
• 9:27
  Speaker 1: is brought to you by cbo E VIX Options and Futures.
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  Speaker 1: Volatility can be harnessed with cbo E VIX Options and
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• 9:36
  Speaker 1: Slash Powerful Outcomes VIX. The VIX higher today by two
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  Speaker 1: and a half percent, up point three four, settling at
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  Speaker 1: twelve point twenty eight. And just to note that there's
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  Speaker 1: a divergence between institutional and retail investors. Institutions are bailing
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  Speaker 1: on bets that volatility will increase, while smaller investors are
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  Speaker 1: actually increasing their bets that volatility will rise. Net short positions,
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  Speaker 1: the VIX reached a record this month at the same
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  Speaker 1: time that long positions and contracts linked to the SMP
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  Speaker 1: five hundred of NASAC one d and the Dow total
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  Speaker 1: nearly sixty billion. That has not a that's a level
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  Speaker 1: that's not been reached since night six. Alright, Dave, you're
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  Speaker 1: h my name is Dave. Just what do you think
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  Speaker 1: you're doing today? We're going for Dave, Dave Lahya Pharmaceutical Dave. Now,
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  Speaker 1: this company you could call them a poster child for
• 10:35
  Speaker 1: reverse stock splits, when you end up with fewer shares
• 10:38
  Speaker 1: rather than more. Company has been around since at least
• 10:42
  Speaker 1: publicly traded, and they've done four reverse splits over the years,
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  Speaker 1: to the point that if you had bought two and
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  Speaker 1: a half million shares in their initial public offering, you
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  Speaker 1: would have one share count one today. Now. Lahoya, who's
• 10:55
  Speaker 1: ticker is l j PC, has yet to introduce its
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  Speaker 1: first product, which makes playing why all the reverse splits
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  Speaker 1: took place over the years. These days, Lahoia is looking
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  Speaker 1: to go beyond the development stage. The company said late
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  Speaker 1: yesterday that results from a first stage study of a
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  Speaker 1: blood treatment were positive. La also said it reached a
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  Speaker 1: deal with European regulators on how to conduct another study,
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  Speaker 1: set to begin in the middle of next year. Kalan
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  Speaker 1: Analysts Film Adelle wrote in a report that Lahoya's drug
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  Speaker 1: may serve a major unmet need in his words, for
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  Speaker 1: some patients. He recommends buying the stock, and many investors
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  Speaker 1: did just that. Today Lahoia Pharmaceuticals with a gain of
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  Speaker 1: sixteen percent, and that was the stock's biggest advance in
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  Speaker 1: a year. Thank you very much, Dave Wilson, Bloomberg stocks
• 11:40
  Speaker 1: commists send him an email at d Wilson at Bloomberg
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• 11:46
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  Speaker 1: follow my co host Kathleen Hayes at Kathleen Underscore Hayes,
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