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

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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 Bloomberg
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  Speaker 1: dot com, the radio plus mobile and on your radio.
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  Speaker 1: This is a Gloomberg Business Class and there you have
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  Speaker 1: its sound of the closing dollars. We wrap up trading
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  Speaker 1: on this Wednesday, June eighth, the DAL, the SMP NEZ
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  Speaker 1: stack All Advancing SMP five hundred indecks at the highest
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  Speaker 1: in ten months. Stocks gaining today, bolstered by speculation borrowing
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  Speaker 1: costs will remain lower for longer amid moderate growth. So
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  Speaker 1: is stock's advanced spill. Orlando, chief equity strategist that Federated
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  Speaker 1: Global Investment Management, told us moments ago it is time
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  Speaker 1: to take profits and move to the sidelines, and he's
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  Speaker 1: got a number of reasons. The fun ofmentals right now
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  Speaker 1: are particularly good. G d P growth has been decelerating
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  Speaker 1: for the last year. We're at eight tenths of one
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  Speaker 1: percent in the first quarter. We've been in a earnings
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  Speaker 1: recession now for the last year. Revenues and earnings down
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  Speaker 1: year of the year, the last four or five quarters.
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  Speaker 1: The labor market is stalled. Inflation core PC has tacked
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  Speaker 1: down the last couple of months. You've got this briggit
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  Speaker 1: vote coming up, a lot of uncertainty surrounding what the
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  Speaker 1: Fed is thinking, what they're gonna do of a tenure
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  Speaker 1: right now up five thirty seconds, yield one point seven percent.
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  Speaker 1: SMP five hundred index up seven of the bell to nineteen,
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  Speaker 1: a gain there of three tents of one percent, and
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  Speaker 1: as a stack up twelve a gain of three tenths
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  Speaker 1: of one percent. Down Industrials at eighteen thousand four a
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  Speaker 1: gain of sixty six points. Today higher by four tenths
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  Speaker 1: of one percent. Gold up seventeen sixty the ounce to
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  Speaker 1: twelve sixty four sixty and advance there of one point
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  Speaker 1: four percent. Crude oil up a dollar one of barrel
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  Speaker 1: fifty one thirty seven on West Texas Intermediate, a gain
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  Speaker 1: there of one point four percent. Lulu lev In Athletic
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  Speaker 1: up posting first quarter sales at top to analysts estimates
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  Speaker 1: help by new products like an expanded selection of women's tops.
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  Speaker 1: Lulu Lemon today up by four point nine percent, so
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  Speaker 1: again recapping a move higher for U S equities, SMP
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  Speaker 1: up seven to again there of three tenths of one percent.
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  Speaker 1: It is four oh two on Wall Street. Now, let's
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  Speaker 1: take a look at other news from around the world
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  Speaker 1: on Bloomberg Radio. Charlie, thank you from the Bloomberg newsroom.
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  Speaker 1: I'm Mark Crumpton. In an extensive interview with Bloomberg Politics,
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  Speaker 1: Donald Trump is distancing himself from his own fundraising estimate
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  Speaker 1: of a billion dollars. The presumptive Republican presidential nominee says
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  Speaker 1: his campaign doesn't need much money to win the White
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  Speaker 1: House and that he plans to rely on his star
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  Speaker 1: power as a former reality TV personality to earn free media.
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  Speaker 1: As for his search for a running mate, Trump says
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  Speaker 1: he's narrowed his choices to four or five politicians, including
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  Speaker 1: former campaign rivals. Republican lawmakers remain divided over whether to
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  Speaker 1: endorse Mr Trump after his remarks last week about a
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  Speaker 1: judge in the defunction Trump University case. Texas Senator Ted Cruz,
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  Speaker 1: who was not endorsed Trump, was asked if the billionaire's
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  Speaker 1: remarks would influence his decision. I am looking and listening
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  Speaker 1: and watching the candidates have been the same thing. Millions
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  Speaker 1: of voters are billing and diacon felling the Associated press
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  Speaker 1: sites is really police who say three people are dead
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  Speaker 1: and six others wounded following a shooting at a tel
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  Speaker 1: Aviv Market. A police spokeswoman tells the Associated Press the
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  Speaker 1: shooters have been quote neutralized. Fans of boxing legend Muhammad
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  Speaker 1: Ali waited in line for hours for a chance to
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  Speaker 1: get tickets to Friday's memorial service in Louisville. J. Johnson
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  Speaker 1: of Cincinnati was first in line. It is only intelligent
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  Speaker 1: that I pay homage along with the rest of the
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  Speaker 1: world and acknowledge the passing of a great man. Muhammad
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  Speaker 1: Ali died Friday at the age of seventy four. Global
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  Speaker 1: News twenty four hours a day, powered by our twenty
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  Speaker 1: four hundred journalists in more than one hundred fifty news
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  Speaker 1: rows around the world. From the Bloomberg News Room, I'm
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  Speaker 1: Mark Crumpton, Charlie, and we thank you, and again recapping
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  Speaker 1: stocks higher, the DAL, the S and P and has
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  Speaker 1: stack all gaining SMP five hundred index up seven. Again
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  Speaker 1: they are of three tenths of one percent. I'm Charlie Pealton.
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  Speaker 1: That's a Bloomberg business flash, move around, motion, create promotion.
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  Speaker 1: I bl move you moved like they do. I've never
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  Speaker 1: seen anyone move that back fired. People. Let's move like
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  Speaker 1: to get a purpose is called movers and shakers. It
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  Speaker 1: costs 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. Things are moving shaken here in Orlando, Florida.
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  Speaker 1: Pershing's Insight twenty sixteen conference continues on Kathleen Hayes pit
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  Speaker 1: Fox is moderating a very interesting panel this afternoon. So
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  Speaker 1: I get the privilege of telling you about how the
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  Speaker 1: SMP looks at the close, when you take a look
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  Speaker 1: at the gainers and the losers. Three to forty three
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  Speaker 1: companies saw their share prices closed higher hundred fifty five lower,
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  Speaker 1: seven unchanged. Dave Wilson's back our stock Senator kick off
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  Speaker 1: the movers and the shakers. Well, let's talk about one
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  Speaker 1: of those stocks that fell on today's training. It's Abbey,
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  Speaker 1: the drug maker that gets most of its revenue from
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  Speaker 1: the rheumatory arthritis treatment Humera. Abby's rating was cut to
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  Speaker 1: the equivalent of whole from by at Morgan Stanley. The
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  Speaker 1: firm sided concern that Humera is going to lose market
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  Speaker 1: share two similar drugs being developed at Novartis, Eli Lily
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  Speaker 1: and Insight. You put that all together an Abbey shares
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  Speaker 1: down two point two percent in today's trading. Well, a
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  Speaker 1: really good day for Lulu Lemon, Lululemon Athletica closing up
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  Speaker 1: four point nine per cent seventy one dollar and forty
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  Speaker 1: eight cents to share. Why because it posted first quarter
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  Speaker 1: sales that topped analysts estimates. It's got a lot of
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  Speaker 1: new products, great colors, and this is paying off. Sales
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  Speaker 1: rose sevent to four hundred nine million dollars in the
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  Speaker 1: quarter ended May one, versus and projected four hundred eighty
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  Speaker 1: seven million on average um. They've been adding these innovative
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  Speaker 1: pants and fabrics day. They're trying to appeal to the
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  Speaker 1: hardcore athlete who really wants to go work out the
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  Speaker 1: gym or do a great yoga class, and casual buyers.
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  Speaker 1: That gets us into the f leisure category. Uh, the
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  Speaker 1: CEO saying, in terms of the key metrics we were
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  Speaker 1: looking for in the quarter, we got everything we wanted
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  Speaker 1: and them some. Lulu Lemon's merchandise assortment is resonating with
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  Speaker 1: shoppers and all of this resonating with stars today. Tell
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  Speaker 1: you what else was resonating with investors. Credit Sweezes comment
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  Speaker 1: that it's very bullish on the U S Steel industry. UH,
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  Speaker 1: the firm raised their rating on A K Steel holding
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  Speaker 1: to the equivalent of by from hold. That stock jumped
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  Speaker 1: almost sevent U S Steel have an eleven percent gain
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  Speaker 1: and New Corps was one of the today's best performers
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  Speaker 1: in the S and P five hundred that stock rising
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  Speaker 1: two point eight percent. Well, that goes right along with
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  Speaker 1: looking at railroads. Doesn't at CSX Corp, Norfolk Southern Corps,
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  Speaker 1: Union Pacific all up across the board anywhere from one
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  Speaker 1: point seven percent to two point six percent for these
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  Speaker 1: railroad giants. Why lower coal stock piles and the commodities
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  Speaker 1: rally led by green and oil have hinted that a
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  Speaker 1: cargo slump may have hit bottom, and of course that's
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  Speaker 1: very important to railroads. In fact, the CFO of c
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  Speaker 1: s X was a Doutsche Bank presentation UH today and
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  Speaker 1: UH he said that UH farmers who may have stored
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  Speaker 1: green to wait for some higher prices are possibly going
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  Speaker 1: to ship more as the prices for corn, soybeans and
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  Speaker 1: other crops being can to climb. In fact, since April
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  Speaker 1: prices are up for corn dave and for soybeans, I
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  Speaker 1: want to talk about another retailer Signet Jewelers. They're the
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  Speaker 1: company of owns the Jared K Piercing Pagoda and Zales
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  Speaker 1: jewelry change. You may recall the last week their stock
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  Speaker 1: took a hit after a critical story in the newsletter
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  Speaker 1: Grants Interest Rate Observer. While we found out today that
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  Speaker 1: in the wake of that decline, Chief executive Mark White
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  Speaker 1: and Chairman's Todd Stitzer both added to their stakes in Signat.
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  Speaker 1: I mean just yesterday the stock fellow it's lowest prices February.
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  Speaker 1: Today Signet is giving light and Stitzer gains on their purchases.
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  Speaker 1: Rose was in today's trading. Just a quick look at
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  Speaker 1: Veriophone Systems. This is a payments technology company, following the
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  Speaker 1: most in more than three years. Today, it cut its
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  Speaker 1: outlook for full earnings by as much as seventeen percent,
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  Speaker 1: citing difficult market dynamics. Several analysts downgraded the stock, and
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  Speaker 1: in fact Veriophone down wow nearly twenty five cent today.
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  Speaker 1: Now it's time to the Volatility Index report, and that's
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  Speaker 1: Powerful Outcomes VIX. Well, the VIX closed marginally higher point
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  Speaker 1: one at fourteen point oh six. You know, it was
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  Speaker 1: on pace for a second straight weekly climb and a
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  Speaker 1: fourth in the last five and in fact it still is.
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  Speaker 1: All Right, Dave, h, Hi, my name is Dave. Just
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  Speaker 1: what do you think you're doing today? We're going to Dave.
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  Speaker 1: You know, Dave, I didn't know you were a part
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  Speaker 1: of a big entertainment company which is uh setting a
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  Speaker 1: record you mean David Buster's Entertainment. Well, not exactly. Nonetheless,
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  Speaker 1: this is a company that has a slogan, Eat, Drake,
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  Speaker 1: play and Watch. The company offers dining and games together,
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  Speaker 1: and it's eighty four locations in the US and Canada,
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  Speaker 1: and it's stock symbol happens to be play p L,
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  Speaker 1: a y taking rant of the slogan. David Busters started
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  Speaker 1: in two and went public in October. Now the shares
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  Speaker 1: rose eight percent on their first day of trading and
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  Speaker 1: kept going from there. They never dropped back below their
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  Speaker 1: initial price. You know, I talked a lot about busted
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  Speaker 1: I p o s or initial public offerings. This is
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  Speaker 1: the exact opposite now. David Busters put out fiscal first
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  Speaker 1: quarter results late yesterday. Earnings and sales beat down this
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  Speaker 1: average estimates in the Bloomberg Survey, as they have in
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  Speaker 1: every quarter since the company went public. David Busters also
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  Speaker 1: raised forecast for this fiscal year and settling buy back
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  Speaker 1: as much as a hundred million dollars in stock by
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  Speaker 1: the end of the next fiscal year. All this sent
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  Speaker 1: david Busters shares to a record today. They traded as
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  Speaker 1: high as forty six dollars and sixty cents, closed at
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  Speaker 1: forty six fifteen. That's a gain of more than ten percent.
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  Speaker 1: Quick question, Dave, looking ahead to tomorrow, what's what are
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  Speaker 1: you focused on? Well, frankly, there's not a whole lot
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  Speaker 1: to focus on. Just taking a quick look at the
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  Speaker 1: S and P five hundred in terms of earnings, Uh, well,
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  Speaker 1: there's not much. A couple of reports James Smucker, H
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  Speaker 1: and R Block will be out uh Smucker before the
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  Speaker 1: open H and R Block after the closed UH blocks
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  Speaker 1: results maybe the more interesting because of encompasses tax season.
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  Speaker 1: Oh gosh, all great, Dave will send our socks editor
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  Speaker 1: joining us from bloombig World headquarters in New York City.
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  Speaker 1: I'm Kathleen Hayes along with Pim Fox live at Pershing's
• 11:58
  Speaker 1: Insight Conference at the Higher Agency in Orlando. This is
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  Speaker 1: Bloomberg Radio. Bloomberg Taking Stock is brought to you by
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