1 00:00:03,640 --> 00:00:08,239 Speaker 1: Broadcasting live to New York, Bloomberg to Washington, d C, 2 00:00:08,480 --> 00:00:13,760 Speaker 1: Bloomber to Boston, Bloomberg twelve hundred, to San Francisco, Bloomberg 3 00:00:13,840 --> 00:00:18,360 Speaker 1: ninety to the country Channel one ninety and around the 4 00:00:18,360 --> 00:00:22,280 Speaker 1: globe the Bloomberg Radio plus Dappen Bloomberg dot Gone. This 5 00:00:22,520 --> 00:00:25,760 Speaker 1: is taking stock. What kind of dreams do you have 6 00:00:25,920 --> 00:00:29,600 Speaker 1: sleeping on a one hundred and forty thousand dollar bed. Well, 7 00:00:29,680 --> 00:00:33,319 Speaker 1: let's call the Vividous and it is made by a 8 00:00:33,360 --> 00:00:38,839 Speaker 1: five generation, family owned Swedish manufacturer called Hostins. That you're 9 00:00:38,840 --> 00:00:42,080 Speaker 1: gonna hear from the owner of Houston's coming up. But 10 00:00:42,159 --> 00:00:44,400 Speaker 1: first let's go Charlie Pellett. He is in the Bloomberg 11 00:00:44,440 --> 00:00:46,680 Speaker 1: newsroom with the Bloomberg Business Flash, and I thank you 12 00:00:46,760 --> 00:00:48,600 Speaker 1: very much, Pimp Fox. We have got the doll the 13 00:00:48,800 --> 00:00:51,920 Speaker 1: SMP nez stack. They are all declining right now. And 14 00:00:52,000 --> 00:00:55,280 Speaker 1: this update is brought to you by Sector Spider E 15 00:00:55,480 --> 00:00:58,120 Speaker 1: T S Y by a single stock when you can 16 00:00:58,200 --> 00:01:00,640 Speaker 1: invest in the entire sector of as a sector s 17 00:01:00,720 --> 00:01:03,279 Speaker 1: P d R S dot com or call one eight 18 00:01:03,400 --> 00:01:07,520 Speaker 1: six six Sector E T F. Johnson and Johnson is 19 00:01:07,560 --> 00:01:11,680 Speaker 1: buying Abbot Labs eye surgery equipment unit for four point 20 00:01:11,720 --> 00:01:15,479 Speaker 1: three three billion dollars in cash, moving the healthcare giant 21 00:01:15,480 --> 00:01:18,520 Speaker 1: toward its goal of boosting its three core businesses. This 22 00:01:18,680 --> 00:01:21,399 Speaker 1: according to a person familiar with the matter. Shares of 23 00:01:21,480 --> 00:01:24,480 Speaker 1: Johnson and Johnson they are down two tenths of one percent. 24 00:01:24,800 --> 00:01:28,840 Speaker 1: Abbott is up one point seven percent. Stocks are retreating 25 00:01:28,840 --> 00:01:32,400 Speaker 1: as investors await next week's Federal Reserve meeting, with economic 26 00:01:32,440 --> 00:01:35,720 Speaker 1: indicators pointing to uneven growth in the U. S economy. 27 00:01:36,160 --> 00:01:39,959 Speaker 1: Banks and energy producers carrying the steepest losses today. Crude 28 00:01:39,959 --> 00:01:43,440 Speaker 1: oil sinking to a one month low. West Texas Intermediate 29 00:01:43,520 --> 00:01:46,440 Speaker 1: crude now at forty three twenty three. It is down 30 00:01:46,480 --> 00:01:49,240 Speaker 1: one and a half percent. Brent crude is down one 31 00:01:49,280 --> 00:01:52,720 Speaker 1: point three percent. Twitter shares their up today, gaining three 32 00:01:52,800 --> 00:01:55,680 Speaker 1: and a half percent. It's new NFL Live video feature 33 00:01:55,800 --> 00:01:59,440 Speaker 1: proving popular, but Canna Fitzgerald, internet analyst use of Squally, 34 00:01:59,480 --> 00:02:02,360 Speaker 1: says it are still has more work to do. Look, 35 00:02:02,400 --> 00:02:04,360 Speaker 1: I think this is part of the answer. The other 36 00:02:04,480 --> 00:02:07,280 Speaker 1: part is to dumb down to use your experience. We 37 00:02:07,360 --> 00:02:12,080 Speaker 1: still think that you know, even with three hundred million users, 38 00:02:12,240 --> 00:02:16,000 Speaker 1: they're still potentially scratching the surface. When you look at Facebook, 39 00:02:16,000 --> 00:02:19,240 Speaker 1: at one point seven billion. The big differences. Twitter is 40 00:02:19,280 --> 00:02:23,240 Speaker 1: still too difficult to use for the average user. Twitter 41 00:02:23,280 --> 00:02:27,720 Speaker 1: shares again up by three point six percent, Gold down 42 00:02:26,720 --> 00:02:31,120 Speaker 1: five eight or dropped. There are four tenths of one percent. 43 00:02:31,480 --> 00:02:33,880 Speaker 1: The ten yere the yield there one point six nine 44 00:02:33,880 --> 00:02:36,880 Speaker 1: percent again, stocks lower twenty eight minutes to go. The 45 00:02:37,000 --> 00:02:39,720 Speaker 1: SMP downs seven a drop of four tenths of one percent. 46 00:02:40,240 --> 00:02:42,320 Speaker 1: Three two on Wall Street. Now we'll look at the 47 00:02:42,360 --> 00:02:46,320 Speaker 1: other stories making news. Thank you, Charlie from the Bloomberg 48 00:02:46,400 --> 00:02:49,160 Speaker 1: News Room. I'm Jill Schneider. This news update is brought 49 00:02:49,160 --> 00:02:51,800 Speaker 1: to you by the Jeep Grand Cherokee, the most awarded 50 00:02:52,000 --> 00:02:55,160 Speaker 1: suv ever. The Grand Cherokee continues to raise the bar 51 00:02:55,320 --> 00:02:59,160 Speaker 1: with its luxurious interior and legendary four by four capability. 52 00:02:59,440 --> 00:03:02,880 Speaker 1: Drive one your local Jeep dealer. Today, only Hillary Clinton 53 00:03:02,960 --> 00:03:06,160 Speaker 1: and Donald Trump have qualified for the first presidential debate. 54 00:03:06,200 --> 00:03:10,720 Speaker 1: On September, Libertarian Gary Johnson and the Green Party's Jill 55 00:03:10,800 --> 00:03:15,160 Speaker 1: Stein missed the percent polling threshold needed to be included. 56 00:03:15,639 --> 00:03:17,920 Speaker 1: After being one of the main voices of the so 57 00:03:18,000 --> 00:03:21,680 Speaker 1: called Bertha Movement, Donald Trump is acknowledging that President Obama 58 00:03:21,800 --> 00:03:26,200 Speaker 1: was in fact born in this country. Hillary Clinton and 59 00:03:26,400 --> 00:03:34,240 Speaker 1: her campaign of two thousand and eight started the birth controversy. 60 00:03:34,920 --> 00:03:38,760 Speaker 1: I finished it. I finished it. You know what I mean. 61 00:03:39,880 --> 00:03:46,800 Speaker 1: President Barack Obama was born in the United States period. 62 00:03:47,400 --> 00:03:51,240 Speaker 1: Hillary Clinton's campaign denies the claims that she started the controversy. 63 00:03:51,560 --> 00:03:53,800 Speaker 1: Clinton is back on the campaign trail after taking a 64 00:03:53,840 --> 00:03:56,800 Speaker 1: few days off to recuperate from pneumonia. At the Black 65 00:03:56,840 --> 00:04:00,640 Speaker 1: Women's Agenda Symposium in d C today, the Democrat presidential 66 00:04:00,680 --> 00:04:03,240 Speaker 1: nominee said she should have followed doctor's orders, but was 67 00:04:03,320 --> 00:04:05,800 Speaker 1: trying to push through the illness like many women do. 68 00:04:06,160 --> 00:04:08,560 Speaker 1: Life has shown us that we do have to work 69 00:04:08,600 --> 00:04:11,880 Speaker 1: harder at the office while still bearing most of the 70 00:04:11,920 --> 00:04:15,840 Speaker 1: responsibilities at home. That we always need to keep going 71 00:04:16,000 --> 00:04:20,599 Speaker 1: because our families and our communities count on us Global 72 00:04:20,640 --> 00:04:22,920 Speaker 1: news twenty four hours a day, powered by more than 73 00:04:23,839 --> 00:04:27,640 Speaker 1: journalists and analysts in more than one twenty countries. I'm 74 00:04:27,720 --> 00:04:31,599 Speaker 1: Jill Schneider. This is Bloomberg, Charlie, and we thank you 75 00:04:31,640 --> 00:04:34,640 Speaker 1: and again recapping equities lower, with the SMP five hundred 76 00:04:34,640 --> 00:04:38,239 Speaker 1: index falling six points to one to drop of three 77 00:04:38,240 --> 00:04:41,960 Speaker 1: tenths of one percent. I'm Charlie Palaton. That's sub Bloomberg 78 00:04:42,000 --> 00:04:46,880 Speaker 1: Business Flash. You're listening to Taking Stock with Kathleen Hayes 79 00:04:46,920 --> 00:04:51,880 Speaker 1: and Pim Fox on Bloomberg Radio Superior Sleep. Is there 80 00:04:51,960 --> 00:04:55,040 Speaker 1: such a thing as superior sleep? Although certainly is a 81 00:04:55,160 --> 00:04:59,400 Speaker 1: thing such as luxury mattresses and beds. And here to 82 00:04:59,440 --> 00:05:02,839 Speaker 1: tell us or is Jon Right? He is the executive 83 00:05:02,960 --> 00:05:08,120 Speaker 1: chairman and the owner of Houstin's Group, Hostins, currently making 84 00:05:08,320 --> 00:05:12,360 Speaker 1: one of the most luxurious beds available, and he's here 85 00:05:12,400 --> 00:05:14,440 Speaker 1: to tell us more. John Right, thank you very much 86 00:05:14,440 --> 00:05:17,640 Speaker 1: for coming into the studio. Appreciate it. Tell us about 87 00:05:17,680 --> 00:05:21,600 Speaker 1: the company, about Houstins. It is a fifth generation business. 88 00:05:22,240 --> 00:05:25,960 Speaker 1: Tell us a little detail. Well, the company was founded 89 00:05:26,000 --> 00:05:30,480 Speaker 1: by my grandfather's grandfather twenty second of March eight hundred 90 00:05:30,480 --> 00:05:35,440 Speaker 1: fifty two. He wants a master saddler and he wanted 91 00:05:35,560 --> 00:05:41,000 Speaker 1: to make manufactured products at are of enormous value. He 92 00:05:41,040 --> 00:05:43,960 Speaker 1: wanted to give value to the consumer. Um that's the 93 00:05:43,960 --> 00:05:46,599 Speaker 1: reason he started the business as a as a master suddler. 94 00:05:47,080 --> 00:05:50,680 Speaker 1: What are some of the qualities of a high quality 95 00:05:51,240 --> 00:05:53,479 Speaker 1: mattress or bed. It has to do a lot with 96 00:05:53,520 --> 00:05:56,919 Speaker 1: the materials that are used, correct. Yeah, we want to 97 00:05:57,839 --> 00:06:01,919 Speaker 1: product develop and make the best possible belts because we 98 00:06:02,000 --> 00:06:06,640 Speaker 1: believe that sleep is so important. And when we develop 99 00:06:06,720 --> 00:06:11,240 Speaker 1: about if you make them so that you notice that 100 00:06:11,320 --> 00:06:16,440 Speaker 1: you notice that you don't notice about you notice that 101 00:06:16,480 --> 00:06:20,240 Speaker 1: you don't notice that you notice the bed. Yes, what 102 00:06:20,279 --> 00:06:24,159 Speaker 1: does that mean? It means that it's completely transparent. You 103 00:06:24,440 --> 00:06:28,560 Speaker 1: float in the bed and you fall asleep so much faster. 104 00:06:28,640 --> 00:06:31,800 Speaker 1: You fall asleep faster because of the natural materials that 105 00:06:31,960 --> 00:06:35,440 Speaker 1: keeps you in the right temperature. You fall asleep faster 106 00:06:35,600 --> 00:06:42,120 Speaker 1: because the support that gives you this fluting feeling thanks 107 00:06:42,200 --> 00:06:46,880 Speaker 1: to the all the details we put in place. Now. 108 00:06:46,920 --> 00:06:50,560 Speaker 1: Some of those details include such things as wool, cotton, 109 00:06:51,000 --> 00:06:56,080 Speaker 1: horse hair also reinforced. The springs tell us about the 110 00:06:56,120 --> 00:06:59,320 Speaker 1: system that goes into this, because there's something called the 111 00:06:59,680 --> 00:07:04,839 Speaker 1: spy viral spring system, the boarder, the bonnel spiral spring 112 00:07:04,920 --> 00:07:08,880 Speaker 1: system in Houstins beds. Yeah, the important things is when 113 00:07:08,880 --> 00:07:12,400 Speaker 1: you lie in the bed, or regardless how you move 114 00:07:12,680 --> 00:07:16,280 Speaker 1: or or find yourself really bad or in when your 115 00:07:16,320 --> 00:07:20,600 Speaker 1: partner move, you will not feel the boat. It's it 116 00:07:21,080 --> 00:07:25,520 Speaker 1: moves and support you, so you fall asleep fast. In 117 00:07:25,520 --> 00:07:30,080 Speaker 1: the Houstin's bed. You also get to support that makes 118 00:07:30,120 --> 00:07:35,120 Speaker 1: your body heal and get all the benefits of real 119 00:07:35,400 --> 00:07:38,760 Speaker 1: good sleep. Now you've got to tell us about the 120 00:07:38,800 --> 00:07:41,600 Speaker 1: newest bed that you've introduced, I believe, and this is 121 00:07:41,640 --> 00:07:45,680 Speaker 1: the Vividus. By pronouncing that correctly, yeah, okay, And this 122 00:07:45,760 --> 00:07:51,720 Speaker 1: is the estimated price, one hundred and forty thousand dollars. 123 00:07:52,120 --> 00:07:54,880 Speaker 1: I should add it comes with what three and twenty 124 00:07:54,960 --> 00:07:58,920 Speaker 1: hours of hand attention, that's how long it takes to make. 125 00:07:59,280 --> 00:08:04,400 Speaker 1: And it comes with two hundred and ten kilos kila, 126 00:08:04,480 --> 00:08:07,560 Speaker 1: being a little bit more than you know, almost twice 127 00:08:07,600 --> 00:08:10,240 Speaker 1: as much as a pound two and ten kilos of 128 00:08:10,440 --> 00:08:16,720 Speaker 1: natural materials. We we make bads for people who prioritize sleep, 129 00:08:16,760 --> 00:08:19,600 Speaker 1: and of course we have beads from five thousand dollars 130 00:08:19,640 --> 00:08:24,160 Speaker 1: and upwards. And the viavd Us is very special because 131 00:08:24,800 --> 00:08:30,640 Speaker 1: thanks to all our supporters and very happy customers, they 132 00:08:30,720 --> 00:08:33,640 Speaker 1: demand or tell tell us if you ever developed an 133 00:08:33,640 --> 00:08:36,839 Speaker 1: even better bed, we want to have that too. So 134 00:08:37,200 --> 00:08:41,440 Speaker 1: the pressure is on. And more than ten years ago 135 00:08:41,559 --> 00:08:44,319 Speaker 1: we started to develop the viva Us to make an 136 00:08:44,440 --> 00:08:49,240 Speaker 1: even better bed. And this is a decade to make this. Yeah, 137 00:08:49,280 --> 00:08:52,120 Speaker 1: it's all together. We have a lot of knowledge, but 138 00:08:52,520 --> 00:08:57,520 Speaker 1: we won't release the product before it's completely tested, Before 139 00:08:58,200 --> 00:09:01,760 Speaker 1: we know that we can deliver value for money even 140 00:09:02,160 --> 00:09:05,080 Speaker 1: in this price range. And you mentioned some of the 141 00:09:05,120 --> 00:09:08,680 Speaker 1: other beds that you have. For example, you have a 142 00:09:08,720 --> 00:09:13,560 Speaker 1: line called the Classic the two thousand tea. What distinguishes 143 00:09:13,720 --> 00:09:18,240 Speaker 1: those mattresses and those beds from perhaps those that you 144 00:09:18,240 --> 00:09:22,360 Speaker 1: would find in a department store. All our buds are made. 145 00:09:22,520 --> 00:09:28,200 Speaker 1: We were the same idea to make about as as 146 00:09:28,200 --> 00:09:30,480 Speaker 1: good as we possibly count. So all of them are 147 00:09:30,520 --> 00:09:36,520 Speaker 1: extremely good. Are Los Angeles partner told me recently a 148 00:09:36,600 --> 00:09:40,520 Speaker 1: store that to one lady from Inglewood in Los Angeles 149 00:09:40,600 --> 00:09:43,920 Speaker 1: came into the store and she had saved for seven 150 00:09:44,000 --> 00:09:47,800 Speaker 1: years to buy our entry level belt. So our belts 151 00:09:47,920 --> 00:09:53,080 Speaker 1: are regardless of price range, so good. And they are 152 00:09:53,240 --> 00:09:57,280 Speaker 1: for people who prioritize sleep. Are they all made in Sweden? 153 00:09:57,280 --> 00:10:00,360 Speaker 1: Where where they where they constructed? Yeah? They are all 154 00:10:00,440 --> 00:10:05,200 Speaker 1: made in Sweden. In shopping it's it's a small town 155 00:10:05,280 --> 00:10:09,319 Speaker 1: two hours drive from Stockholm. If you decide to purchase 156 00:10:09,360 --> 00:10:11,320 Speaker 1: one of these beds, can you actually go and see 157 00:10:11,320 --> 00:10:14,120 Speaker 1: your bed being made? Yeah you can. We can arrange 158 00:10:14,120 --> 00:10:16,679 Speaker 1: that and we will be happy to to do that. 159 00:10:16,840 --> 00:10:20,240 Speaker 1: On the many people do what kind of bed do 160 00:10:20,320 --> 00:10:23,080 Speaker 1: you sleep on? Which model? Hostens do you sleep on 161 00:10:23,520 --> 00:10:26,000 Speaker 1: right now? I do sleep on the way with us. 162 00:10:27,360 --> 00:10:29,720 Speaker 1: You're trying it out, trying that dot. Have you had 163 00:10:29,760 --> 00:10:33,640 Speaker 1: any any Do you have any any negative to anything 164 00:10:33,640 --> 00:10:35,960 Speaker 1: negative to say about it that you wish was different? No, 165 00:10:36,200 --> 00:10:38,920 Speaker 1: it's so good. But I can also tell you I 166 00:10:39,000 --> 00:10:42,560 Speaker 1: have a couple of other really good belts. That's my 167 00:10:42,600 --> 00:10:45,600 Speaker 1: favorite in our assortments. So there are planty of good belts. 168 00:10:46,000 --> 00:10:47,920 Speaker 1: I want to thank you very much for spending time 169 00:10:47,920 --> 00:10:51,480 Speaker 1: with this young Ride is the owner and the executive 170 00:10:51,520 --> 00:10:55,080 Speaker 1: chairman of Hostins and his new bed A hundred and 171 00:10:55,120 --> 00:10:57,760 Speaker 1: forty thousand dollars works out to about four hundred and 172 00:10:57,760 --> 00:11:02,720 Speaker 1: sixty two dollars a pound. Coming up on taking stock. 173 00:11:02,760 --> 00:11:05,959 Speaker 1: Will be speaking with Doug Cioca. He'll be telling us, 174 00:11:05,960 --> 00:11:09,640 Speaker 1: as the partner and CEO of Kavar Capital, what to 175 00:11:09,679 --> 00:11:12,560 Speaker 1: do with your money. If you're successful, who knows, maybe 176 00:11:12,559 --> 00:11:14,000 Speaker 1: you can afford a Houston's bit