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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's Bloomberg dot
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  Speaker 1: a row by Hedge Week, dot com S and P
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  Speaker 1: five hundred Index lower today down two tenths of one percent,
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  Speaker 1: dropping three points to holding near a ten month high
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  Speaker 1: as investors evaluate the gauges run toward a record amid
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  Speaker 1: ongoing concerns about the impact of lackluster global growth. Equities
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  Speaker 1: did stage an afternoon rebound as raw material producers and
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  Speaker 1: banks trim losses, while defensive shares including utilities and phone
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  Speaker 1: companies rallied to offset those declines. The Dow down nineteen points,
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  Speaker 1: down one tenth of one percent, to seventeen thousand, nine
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  Speaker 1: eighty five, and has stacked down three tenths of one percent,
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  Speaker 1: falling sixteen points to the tenure up seven thirty seconds,
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  Speaker 1: with the yield of one point six seven percent. Gold
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  Speaker 1: advanced nine fifty ounce to twelve seventy one, up eight
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  Speaker 1: tenths of one percent. A person familiar with the matter
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  Speaker 1: says billionaire investor George Soros has become more involved in
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  Speaker 1: trading in his family office, concerned about the outlook for
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  Speaker 1: the global economy and the risk that large market shifts
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  Speaker 1: maybe at hand. Don Steambruge is managing partner at age
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  Speaker 1: Croft Partners. Huge news because he hasn't really been active
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  Speaker 1: in managing money for a long time. He's one of
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  Speaker 1: the greatest hedge fund managers of all time. A lot
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  Speaker 1: of people respect what he has to say. It's also
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  Speaker 1: great that he's in his mid eighties and he's getting
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  Speaker 1: back in voft and according to a government filing, Soros
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  Speaker 1: Fund Management sold stocks and bought gold and shares of
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  Speaker 1: gold miners last quarter, anticipating weakness in various rickets. As
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  Speaker 1: we mentioned, gold up today by nine fifty the ounce,
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  Speaker 1: advancing eight tenths of one percent. Crude down one. It
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  Speaker 1: fell sixty seven cents fifty dollars fifty six cents a barrel.
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  Speaker 1: It is four O two on Wall Street. Now, let's
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  Speaker 1: take a look at the other stories from around the world. Charlie,
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  Speaker 1: Thank you. From the Bloomberg news Room by Mark Crompton.
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  Speaker 1: President Clinton today officially endorsed Hillary Clinton. In a video
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  Speaker 1: posted to Mrs Clinton's Twitter account, the President said, quote,
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  Speaker 1: I don't think there's ever been someone so qualified to
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  Speaker 1: hold this office. End quote. White House Friends Secretary Josh
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  Speaker 1: Ernest called Mrs Clinton an important architect of many of
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  Speaker 1: the early policy decisions President Obama had to make. He
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  Speaker 1: chose to have Secretary Clinton by his side for the
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  Speaker 1: first four years of his presidency as he was making
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  Speaker 1: difficult decisions that had enormous consequences for the United States
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  Speaker 1: and our citizens. Earlier, the President met with Senator Bernie Sanders,
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  Speaker 1: who was promising to stay in the race, just by
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  Speaker 1: growing pressure for him to drop out. Muhammad Ali's battles
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  Speaker 1: outside the boxing ring are being remembered today. At a
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  Speaker 1: Muslim prayer service for Ali in his hometown of Louisville, Kentucky,
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  Speaker 1: the Reverend Jesse Jackson talked about how ali Font prejudice
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  Speaker 1: eliminated the dog with the louis But here's the guy
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  Speaker 1: the gold medal couldn't buy Hamburger Downtown. Here's the guy
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  Speaker 1: who rebelled against the treat of Horse is about the
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  Speaker 1: track the young Black children. An interfaith service for the
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  Speaker 1: seventy four year old Ali will take place in Louisville tomorrow.
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  Speaker 1: Manhattan apartment landlords are entering the prime leasing season, and
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  Speaker 1: they're boosting incentives to lure tenants. The surge of new
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  Speaker 1: supplies giving runners more choices and the chance to bargain
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  Speaker 1: deal sweet. There's like a month of free rent or
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  Speaker 1: payment of broker fees were included intent of new leases
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  Speaker 1: in May. A report by a praiser Miller Samuel and
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  Speaker 1: brokerage Douglas Elman Real Estate says that's up from one
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  Speaker 1: point six percent from a year earlier. Global News twenty
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  Speaker 1: four hours a day, powered by our journalists in more
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  Speaker 1: than one fifty news bureaus around the world. From the
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  Speaker 1: Bloomberg News Room, I'm Mark Crumpton, Charlie, and we thank you.
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  Speaker 1: And the Slate breaking story cnna's reporting that Massachusetts Senator
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  Speaker 1: Elizabeth Warren will endorse Hillary Clinton tonight again. Recapping a
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  Speaker 1: move floor for US equities S and P five hundred
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  Speaker 1: index down three a drop there of two tenths of one.
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  Speaker 1: I'm Charlie Palatine. Dance of Bloomberg business flash, move around motion,
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  Speaker 1: great emotions at the elite move you move like they do.
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  Speaker 1: I've never seen anyone move that back. Five people's move
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  Speaker 1: like to get a purpose. That was called movers and shakers.
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  Speaker 1: They cost a little more, and that name cracked me up.
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  Speaker 1: Bloomberg taking stock movers and shakers with pimple ox and
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  Speaker 1: Kathleen Hay's on Bloomberg Radio. Stocks dropping a little bit today,
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  Speaker 1: and when you look inside the SMP five hundred you
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  Speaker 1: can see that, yes, then the market definitely tilted towards
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  Speaker 1: the downside, but not by a big, big margin. Two
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  Speaker 1: nine companies saw their share prices closed higher, two hundred
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  Speaker 1: and ninety three lower, three unchanged. So when you look
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  Speaker 1: beneath those numbers, which really moving and shaken. Here to
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  Speaker 1: kick it off is their own stocks. Editor Dave Wilson
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  Speaker 1: tell one stock that was moving and shaken today is
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  Speaker 1: jam Smucker. They were the one company in the SMP
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  Speaker 1: five hundred that reported earnings before the opening bell. You
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  Speaker 1: know them for their jams and jellies, and they make
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  Speaker 1: peanut butter and coffee and a whole lot of other
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  Speaker 1: food products. Well. Actually, the coffee business treated them well
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  Speaker 1: in their latest quarter, of their fiscal fourth quarter UH.
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  Speaker 1: They were able to pay lower prices for coffee beans
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  Speaker 1: and that helped the company report earnings and revenue that
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  Speaker 1: beat analysts average estimates in the Bloomberg Servey. Put that
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  Speaker 1: all together, James Smucker with a gain of almost eight percent.
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  Speaker 1: It was the biggest for the stock in about seven years,
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  Speaker 1: and Smucker shares traded a record today. I was thinking
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  Speaker 1: coffee when I think of James Smucker now, not just
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  Speaker 1: peanut butter, but coffee. Very big coffee business. Let me
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  Speaker 1: tell you about the shares of Apple higher today by
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  Speaker 1: three quarters of a percent. Apple shares closing at nine
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  Speaker 1: and sixty five cents UH. Store updates at Apple. This
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  Speaker 1: has to do with the app store, not the retail store.
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  Speaker 1: The app store has one point nine million applications, so
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  Speaker 1: when you click that button, there's a potential you can
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  Speaker 1: end up in nearly two million applications. And that's been
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  Speaker 1: an issue because something like with the top one percent
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  Speaker 1: of all the publishers collect of the nearly one and
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  Speaker 1: a half billion dollar revenue. Well, Apples looking to change that,
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  Speaker 1: and they're gonna be rolling out some new features to
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  Speaker 1: let developers promote their applications through search results. And just
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  Speaker 1: as a note, Apple's Worldwide Developers Conference begins in San
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  Speaker 1: Francisco on Monday, that's the thirteenth, and run until the seventeenth.
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  Speaker 1: We will of course have top live blog and real
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  Speaker 1: time covered. Shares of Apple up three quarters of a
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  Speaker 1: percent today. How do you feel about LinkedIn? Well, if
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  Speaker 1: you're a part of a survey done by Mark Mahaney
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  Speaker 1: over at RBC Capital Markets, you probably said you feel
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  Speaker 1: pretty good. Mark does this regularly. He surveyed tune or
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  Speaker 1: ninety recruiting professionals in the US found that forty of
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  Speaker 1: LinkedIn customers plan to increase their spending on LinkedIn over
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  Speaker 1: the next twelve months. He found seventy eight percent of
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  Speaker 1: customers described themselves as completely or extremely or very satisfied,
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  Speaker 1: and as a result, he has upgraded his call on
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  Speaker 1: the stock from sector perform to outperform, raised his price
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  Speaker 1: target to a bullish hundred sixty bucks per share. Linked In,
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  Speaker 1: even though there are some analysts who still doubt its prospects,
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  Speaker 1: closing up two percent today at a hundred thirty six
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  Speaker 1: dollars in change. Dave, this was not a day to
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  Speaker 1: be in the home furnishings retailing business. And it's all
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  Speaker 1: Restoration Hardware's fault. You know. They came out with an
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  Speaker 1: unexpected loss for the fiscal first quarter, forecast for their
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  Speaker 1: second quarter and full year year failed to meet analysts estimates,
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  Speaker 1: and and and Restoration Hardware with a loss of more
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  Speaker 1: than twenty one percent in today's trading. In the stocks
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  Speaker 1: they took down bed Dath and diond down three point
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  Speaker 1: four percent, Williams Sonoma down five and a half percent,
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  Speaker 1: Pier One down eight percent. So not a good day
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  Speaker 1: for that industry in light of Restoration Hardware's earnings. Activision
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  Speaker 1: Blizzard up more than one percent today of the announcement
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  Speaker 1: that the launch of Destiny Rise of Iron will be
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  Speaker 1: on September. They will be available for PlayStation four systems
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  Speaker 1: as well as Xbox the One. Also, they can look
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  Speaker 1: at Activision just to note if you're in California next
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  Speaker 1: week or interested to be so. June fourteenth, at the
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  Speaker 1: l A Convention Center will be the Electronic Entertainment Expo
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  Speaker 1: and Activision will be showcasing Call of Duty Infinite Warfare, Destiny,
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  Speaker 1: Rise of Iron and Skylanders Yeah Who up today by
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  Speaker 1: about one percent to thirty seven dollars and thirty five
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  Speaker 1: cents to share. CNBC reporting that Yah whose core business
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  Speaker 1: value might be worth much more than what others have expected.
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  Speaker 1: Apparently here they're reporting on multiple bids in excessive five
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  Speaker 1: billion dollars as part of the now closed second round
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  Speaker 1: of bidding. And of course, earlier this week, the Wall
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  Speaker 1: Street Journal reported the Verizon always seen as the most
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  Speaker 1: likely buyer for y'all, whose core business throughout this sales
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  Speaker 1: process had been just three billion dollars for y'all whose
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  Speaker 1: core web assets, PAM, thank you very much. All right,
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  Speaker 1: it's time now for the Volatility Index Report. It's brought
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  Speaker 1: Powerful Outcomes VIX. The VIX higher today by about three
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  Speaker 1: and a half percent, up point four nine, settling at
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  Speaker 1: fourteen point five seven. Now, despite today's move higher, this
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  Speaker 1: so called fear index has downshifted in recent weeks after
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  Speaker 1: a moderate rise in mid May. Short term momentum indicators
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  Speaker 1: suggest continued weakness for the VIX, as well as those
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  Speaker 1: short term e t ns with long positions on the
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  Speaker 1: volatility Index. All right, Dave here, uh hi, my name
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  Speaker 1: is Dave. Just what do you think you're doing things?
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  Speaker 1: We're going for the price will Dave? Dave forty nine
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  Speaker 1: million dollars share sale and a stock price the fill today.
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  Speaker 1: Tell us about Tesco day. Absolutely, you know, Kathleen, the
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  Speaker 1: meeting of the name Tesco depends on which side of
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  Speaker 1: the Atlantic. Uron pens not in his head in agreement.
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  Speaker 1: He's been in the UK. He knows that Tesco is
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  Speaker 1: among the country's largest grocery chains. And by the way,
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  Speaker 1: Warren Buffetts Berkshire half Away had a stake in that company,
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  Speaker 1: at least for a while now. The US Tesco rents
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  Speaker 1: oil field equipment. It's based in Houston. Company has been
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  Speaker 1: publicly traded since at least it's listened under the ticker
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  Speaker 1: t E s O. That's Tesco without this see now.
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  Speaker 1: Tesco share price tends to track the up and down
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  Speaker 1: of oil prices. A month ago, though they went their
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  Speaker 1: separate ways after the company's physical third quarter results were disappointing.
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  Speaker 1: The stock dropped as much as fifteen percent in the
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  Speaker 1: days after the numbers came out. Now even so Tesco
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  Speaker 1: raised that forty nine million dollars yesterday by selling the
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  Speaker 1: equivalent of a fifteen percent stake, the sale price was
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  Speaker 1: eleven percent less than yesterday's close, and the stock couldn't
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  Speaker 1: make up the gap in today's trading. In fact, it
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  Speaker 1: closed almost exactly at the price at which the share
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  Speaker 1: sale took place seven dollurs. Stock closed at seven oh four.
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  Speaker 1: That works out to weight loss of almost eleven percent.
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  Speaker 1: Bigasines January of last year. Thank you very much, Dave Wilson,
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  Speaker 1: Bloomberg Stocks, Thomas go ahead. You can send him an
• 11:47
  Speaker 1: email at d Wilson at Bloomberg at dot net. Sign
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