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 story four hours a day. If Bloomberg
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  Speaker 1: dot Com the radio plus mobile and on your radio,
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  Speaker 1: he's a Bloomberg business fluff from Bloomberg World Headquarters. I'm
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  Speaker 1: Charlie Pella Fondal the SMP nezdak All Lores. We close
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  Speaker 1: the books on the trading month of August and it
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  Speaker 1: is onto. Can you believe it's September? Folks from the
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  Speaker 1: Five Ventures ringing that closing bell sell off an oil
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  Speaker 1: since stock slumping as traders await jobs data to assess
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  Speaker 1: the outlook for interest rates in the U. S economy.
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  Speaker 1: Mark Grant is chief fixed income strategist at Hilltop Securities
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  Speaker 1: and right here on taking stock, he told us, if
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  Speaker 1: the Fed does raise rates, he believes it will be
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  Speaker 1: a mistake for two reasons. Politically, it will be a
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  Speaker 1: mistake because whoever might win the election is not going
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  Speaker 1: to be happy with the Fed if the Fed causes
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  Speaker 1: a disruption of the American economy. Two, in terms of
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  Speaker 1: the um economics of it, if you look at it
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  Speaker 1: happens when the FED raises rates, it means that commercial
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  Speaker 1: real estate, residential real estate, commercial loans, personal loans, everything
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  Speaker 1: becomes more expensive. That are tied to the short end
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  Speaker 1: and may throw the economy into some kind of recession.
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  Speaker 1: Of a ten year down three thirty seconds, the yield
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  Speaker 1: one point five eight percent, Gold lawer by five dollars,
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  Speaker 1: the ounce a drop of four tenths of one percent,
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  Speaker 1: and crude oil West Texas Intermediate down three point three percent,
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  Speaker 1: dropping a dollar fifty three a barrel. W t I
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  Speaker 1: now at forty four dollars and eighty one cents. Home
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  Speaker 1: ownership a topic we were just talking about. The National
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  Speaker 1: Association of Realtors says contracts to buy previously owned American
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  Speaker 1: homes did increase more than forecast in July, indicating further
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  Speaker 1: strength in the housing market. Pending home sales rose one
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  Speaker 1: point three percent. The median forecast was for eight seven
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  Speaker 1: tenths of one percent. Game recapping equities Lawer SMP five
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  Speaker 1: hundred index down five to seventy, a drop of two
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  Speaker 1: tenths of one percent, NAZ Stack down nine, a drop
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  Speaker 1: also of two tenths of one percent down, Industrials down
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  Speaker 1: fifty four, a drop there of three tenths of one percent,
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  Speaker 1: and at four oh two on Wall Street. Now, let's
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  Speaker 1: look at other news from around the world. Charlie. Thank
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  Speaker 1: you from the Bloomberg News Room. I Mark Crumpton. Dilma
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  Speaker 1: Russef's attorney says the former Brazilian president will appeal her
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  Speaker 1: removal from office, perhaps as soon as today. Russaf was
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  Speaker 1: impeached following a Senate vote of sixty one to twenty.
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  Speaker 1: She's the second president to be impeached in Brazil's thirty
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  Speaker 1: one year old democracy. Republican presidential nominee Donald Trump is
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  Speaker 1: in Mexico meeting with President Enrique Peignet Nieto. Rival Hillary
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  Speaker 1: Clinton blasted Trump for the trip, saying it doesn't make
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  Speaker 1: up for what she called a year of insults and
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  Speaker 1: insinuations about the Mexican people. The Pentagon is still not
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  Speaker 1: confirming the killing of top Islamic state operative Mohammed al
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  Speaker 1: ad Nani in an airstrike yesterday in northern Syria. We
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  Speaker 1: conducted at precision strike yesterday targeting at Nanti near Al Bob, Syria,
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  Speaker 1: and we are still assessing the results, Pentagon Press Secretary
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  Speaker 1: Peter Cook. The first commercial flight between the United States
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  Speaker 1: and Cuba in more than half a century has arrived
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  Speaker 1: in Santa Clara. Mark Gale is the head of Fort
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  Speaker 1: Launderdale's Airport. We expect to eventually offer some one hundred
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  Speaker 1: and twenty two weekly departures to Cuba, currently more than
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  Speaker 1: any other airport in the United States. The Jet Blue
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  Speaker 1: flight had one hundred fifty people on board. Investigators are
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  Speaker 1: considering sun glare as a possible factor in an accident
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  Speaker 1: involving a group of kayakers and a New York Waterway
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  Speaker 1: ferry on the Hudson River. At least eleven people were injured,
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  Speaker 1: one critically nearly losing. An armed global news twenty four
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  Speaker 1: hours a day, powered by more than twenty hundred journalists
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  Speaker 1: and analysts in over one countries. I'm More Crumpton. This
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  Speaker 1: is Bloomberg, Charlie, and we thank you, and again recapping
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  Speaker 1: the SMP five D index did decline today, down five
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  Speaker 1: points to a dropped there of two tenths of one percent.
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  Speaker 1: I'm Charlie Pellett, and that's a Bloomberg business flash move around.
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  Speaker 1: Mosten creates emotion at the elite move move like they do.
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  Speaker 1: I've never seen anyone move that back hard people. Let's
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  Speaker 1: move like to dread a purpose. He's called movers and shakers.
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  Speaker 1: It costs a little more about that name Cracked me up,
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  Speaker 1: Bloomberg taking stock movers and shakers with Pim Fox and
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  Speaker 1: Kathleen Hay's on Bloomberg Radio. I'm Kathleen Hayes Pim Fox
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  Speaker 1: on vacation. This week are stocks that are Dave Wilson
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  Speaker 1: in studio now as he always is, to take a
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  Speaker 1: look at what drove the market higher, lower or left
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  Speaker 1: it somewhere in between. But today it's not so much
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  Speaker 1: in between. A definitely a down day for stocks. Only
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  Speaker 1: one hundred seventy two gainers within the SMP five hundred,
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  Speaker 1: three hundred twenty four losers, nine closing un changed. So Dave,
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  Speaker 1: what's leading your pack here when it comes to moving
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  Speaker 1: and shaken? You know? There was one company in the
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  Speaker 1: SMP five hundred that reported earnings before the opening bell,
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  Speaker 1: and that would be Brown Foreman, best known perhaps for
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  Speaker 1: it's Jack Daniels whiskey. Well, I guess we're just not
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  Speaker 1: buying as many distilled spirits or something like that. Anyway,
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  Speaker 1: Brown Foreman's earnings in their fiscal first quarter fell eight percent.
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  Speaker 1: That was the biggest drop in more than four years.
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  Speaker 1: And uh the profit came up short of analysts average
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  Speaker 1: estamate in the Bloomberg Survey, and so did revenue, by
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  Speaker 1: the way, which dropped five percent. So I guess they're
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  Speaker 1: they're just not selling quite so much anyway. Brown Foreman
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  Speaker 1: shares on the day one of the worst performers in
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  Speaker 1: the SNP five and closing with the loss of three
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  Speaker 1: and a half percent pricing to me because demand for
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  Speaker 1: bourbon around the world is sky rocketed, Dave, So maybe
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  Speaker 1: they just well we'll see, maybe maybe they'll have a
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  Speaker 1: few drinks suburbon and it will be better next quarter.
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  Speaker 1: I want to take like a Twitter because Twitter has
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  Speaker 1: had a pretty good move up today. It was nearly
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  Speaker 1: six percent of the close of about four and a
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  Speaker 1: half percent. And let's give our own Emily Chang a
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  Speaker 1: big pat on the back. She interviewed the co founder
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  Speaker 1: of Twitter on Bloomberg West earlier today, and uh, he said, well,
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  Speaker 1: first he wouldn't answer Emily's question about whether Twitter could
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  Speaker 1: remain an independent company. There's a lot of question about
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  Speaker 1: a takeover right now. But she posts them a little
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  Speaker 1: bit and Mr Williams went on to say, we're in
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  Speaker 1: a strong position now and as a board member, we
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  Speaker 1: have to consider the right options. We didn't exactly say
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  Speaker 1: they were in any negotiations, but he certainly didn't seem
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  Speaker 1: to close the door. And Twitter investors liked it, Dave.
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  Speaker 1: They gave him a pet on the back with a
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  Speaker 1: higher share price. Well they didn't exactly like investors. Then.
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  Speaker 1: What happened to Deer in Monsanto today? Now? US antitrust
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  Speaker 1: officials filed suit to block Deer's proposed purchase of a
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  Speaker 1: Monsanto unit called Precision Planting. It's a company that makes
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  Speaker 1: equipment that farmers used when they're planting crops. The Justice
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  Speaker 1: Department said the deal would allow dear to control about
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  Speaker 1: nine on the market for high speed precision planning systems.
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  Speaker 1: We're not talking about it a really huge deal. While
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  Speaker 1: terms weren't disclosed initially when this came out. Uh, Monsanto
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  Speaker 1: has only owned this company for about four years and
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  Speaker 1: paid as much as two hundred fifty million back then.
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  Speaker 1: So you know, well, it's more the idea that here
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  Speaker 1: comes the government stopping a deal mont Santo with the
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  Speaker 1: loss of nine tenths of a percent and Deer there
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  Speaker 1: would be buyer down one. Well, there you go, a
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  Speaker 1: pesky government and all those rules and regulations. Let's take
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  Speaker 1: a look at H and R. Block because it looks
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  Speaker 1: like their cost reduction plan may have backfired a little bit. Here.
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  Speaker 1: H and R Block closing lower today after it reported
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  Speaker 1: fiscal first quarter financial results after the markets closed on Tuesday. Now,
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  Speaker 1: it's true that the first quarter is generally one of
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  Speaker 1: the slower quarters for HDR Block because the tax season
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  Speaker 1: has just ended. Over the course of this quarter, of
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  Speaker 1: the company was looking to reduce costs across across the board,
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  Speaker 1: changing its capital structure, but it ended up posting a
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  Speaker 1: net loss per share fifty five cents on revenues of
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  Speaker 1: a hundred twenty five million dollars. And uh, the estimates
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  Speaker 1: were for a net loss of something like fifty three cents.
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  Speaker 1: To share it anywhere. The divesture of the H and
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  Speaker 1: R Block Bank had the largest impact on overall revenues day,
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  Speaker 1: decreasing twelve and a half million dollars year over year. Well,
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  Speaker 1: let's take a look at the under Armour. We know
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  Speaker 1: that they're the company that, among others, the Golden State
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  Speaker 1: Warriors Stephen Curry endorses, and uh, well, it turns out
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  Speaker 1: that under Armour, the athletic apparelmaker, cuts a hole from
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  Speaker 1: by today at Argus Research, the firm set expansion may
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  Speaker 1: crimp under Armour's earnings growth and also that IT shares
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  Speaker 1: are relatively costly. They're not so costly. After today's training,
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  Speaker 1: under Armoured down about four points six percent. All right,
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  Speaker 1: then it is time now for the Volatility Index report,
• 9:36
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  Speaker 1: dot com. Slash Powerful Outcomes fixed Well, the VIX managed
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  Speaker 1: to eke out another gain of about a third of
• 9:53
  Speaker 1: a point to thirteen point for one, but well below
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  Speaker 1: four team, which was already a pretty low level. So dude,
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  Speaker 1: volatility this barely able to move move higher? Uh? Seemed
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  Speaker 1: to typify a market that lacks commitments, some analysts are saying,
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  Speaker 1: but the market could be due for a surprise when
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  Speaker 1: the Fed convenes again in three weeks, or even with
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  Speaker 1: the job report on Friday. All right, Dave, you're up. Uh, Hi,
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  Speaker 1: my name is Dave. Just what do you think you're
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  Speaker 1: doing today? We're going for the price on will Fish
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  Speaker 1: Dave Intra West Resorts Holdings Dave maybe kind of a
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  Speaker 1: tough day, kind of And you can get an idea
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  Speaker 1: of what the company does from its ticker symbol SNOW.
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  Speaker 1: The company owns the Stratton Mountain Ski Resort in Vermont
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  Speaker 1: and five other properties. It does business in Canada and Mexico,
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  Speaker 1: as well as the US Intra West, majority owned by
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  Speaker 1: the private equity firm Fortress Investment, which took the company
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  Speaker 1: public in January. The initial public offering was done at
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  Speaker 1: twelve dollars a share. Since then, the share have often
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  Speaker 1: traded for less than their IPO price. This year, though,
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  Speaker 1: it's been quite the reversal, The stocks more than double
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  Speaker 1: set a record yesterday by rising his high sixteen dollars
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  Speaker 1: twenty eight cents, and the surge led Keybank Capitol cuts
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  Speaker 1: raining on Intra West today to the equivalent Hoole from
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  Speaker 1: By and Alice. Scott. Hammond wrote in a report that
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  Speaker 1: the shares were relatively costly. Yeah, it's gonna be stands
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  Speaker 1: Low's market share along with others as Veil Resorts expands
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  Speaker 1: through a deal to buy Canada's Whistler Resort, which was
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  Speaker 1: reported earlier this month. Keybanks called triggered one of the
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  Speaker 1: biggest daily losses for Intra Westons. The company went public,
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  Speaker 1: it shares fell six. That's actually the second biggest declined
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  Speaker 1: evers in the stock, biggest since April. Alright, Dave Wilson,
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  Speaker 1: thank you so very much. Our stocks editor are resident
• 11:49
  Speaker 1: music cologists. If you listen every day at three o'clock
• 11:51
  Speaker 1: Wall Street time, you can hear him put that talent
• 11:54
  Speaker 1: to work as well. Donald Trump meeting with the Mexican President.
• 11:58
  Speaker 1: What does that mean for the race for the White House?
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  Speaker 1: I'm Kathleen Hayes. This is Bloomberg. Bloomberg Taking Stock is
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