1 00:00:03,080 --> 00:00:06,480 Speaker 1: Global business news twenty four hours a day at Bloomberg 2 00:00:06,519 --> 00:00:09,600 Speaker 1: dot Com, the radio plus mobile lap and on your radio. 3 00:00:09,880 --> 00:00:14,040 Speaker 1: This is a Bloomberg Business Flash from Bloomberg World Headquarters. 4 00:00:14,080 --> 00:00:17,200 Speaker 1: I'm Charlie Pellett. Stocks do remain higher, and this update 5 00:00:17,280 --> 00:00:20,040 Speaker 1: is brought to you by Bank of America. Merrill lynches 6 00:00:20,160 --> 00:00:25,160 Speaker 1: Global cash Management solutions, helping you manage, protect and invest 7 00:00:25,239 --> 00:00:29,320 Speaker 1: your global cash wherever the road to growth leads. That's 8 00:00:29,360 --> 00:00:33,040 Speaker 1: the power of global connections. Bank of America North America 9 00:00:33,240 --> 00:00:37,239 Speaker 1: member f d i C SMP five hundred index is 10 00:00:37,320 --> 00:00:41,240 Speaker 1: rebounding from a seven week low. Stocks off their session highs. 11 00:00:41,479 --> 00:00:44,280 Speaker 1: We are seeing a rally and technology shares led by 12 00:00:44,400 --> 00:00:48,480 Speaker 1: applied Materials Applied up thirteen point one percent right now. 13 00:00:48,880 --> 00:00:51,599 Speaker 1: Nastack up fifty eight points. That's a gain of one 14 00:00:51,640 --> 00:00:55,080 Speaker 1: point two percent. The SMP five hundred index up thirteen 15 00:00:55,120 --> 00:00:57,480 Speaker 1: a gain of seven tenths of one percent on the 16 00:00:57,520 --> 00:01:00,200 Speaker 1: down Junes Industrial average up seventy five point it's a 17 00:01:00,200 --> 00:01:03,160 Speaker 1: gain of four tenths of one percent. Gold down a 18 00:01:03,240 --> 00:01:05,640 Speaker 1: dollar ten the ounce to twelve fifty three, a drop 19 00:01:05,680 --> 00:01:09,360 Speaker 1: of point one percent, and crude oil down seven tenths 20 00:01:09,360 --> 00:01:13,160 Speaker 1: of one percent. Falling thirty four cents eighty two for 21 00:01:13,200 --> 00:01:16,679 Speaker 1: a barrel of West Texas Intermediate Crude. I'm Charlie Peloton. 22 00:01:16,880 --> 00:01:21,640 Speaker 1: That's a bloom Bird business flash. You're listening to Taking 23 00:01:21,680 --> 00:01:26,319 Speaker 1: Stock with Kathleen on Bloomberg Radio. Starts with the Race 24 00:01:26,360 --> 00:01:29,000 Speaker 1: for the Roses in Louisville, Kentucky with the Kentucky Derby. 25 00:01:29,080 --> 00:01:31,920 Speaker 1: Then we go, of course at the end to Belmont 26 00:01:31,959 --> 00:01:33,640 Speaker 1: to see if we got a Triple Crown winner. And 27 00:01:33,720 --> 00:01:36,320 Speaker 1: in the middle we are going to be running the Preakness. 28 00:01:36,319 --> 00:01:40,000 Speaker 1: It's going to be raining Tomorto at Pimlico. What does 29 00:01:40,040 --> 00:01:42,839 Speaker 1: that mean for Nyquist? N Iquist won the Kentucky Derby 30 00:01:42,840 --> 00:01:44,360 Speaker 1: and now a lot of people are wondering if this 31 00:01:45,120 --> 00:01:48,200 Speaker 1: undefeated horse could win in this second leg of the 32 00:01:48,200 --> 00:01:50,919 Speaker 1: Triple Crown and go on to win that coveted title. 33 00:01:51,000 --> 00:01:53,800 Speaker 1: Joining us now as Peter Rotundo Jr. Vice President of 34 00:01:53,840 --> 00:01:57,600 Speaker 1: Media Media Entertainment at the Breeders Cup and Bloomberg racing 35 00:01:57,680 --> 00:02:02,000 Speaker 1: enthusiast Gary Adall. So, Peter, let's start with you Nyquist. 36 00:02:02,040 --> 00:02:04,240 Speaker 1: What kind of chance does this horse have to win 37 00:02:04,280 --> 00:02:09,400 Speaker 1: the Preakness. Well, he'll be odds on favorite. Um, you know, 38 00:02:09,480 --> 00:02:13,919 Speaker 1: he's beaten, he's never lost his his main competitor, Exaggerator, 39 00:02:13,960 --> 00:02:18,640 Speaker 1: he's beaten four times already. The distance is shorter than 40 00:02:18,680 --> 00:02:21,120 Speaker 1: it was in the Kentucky Derby. The horses that will 41 00:02:21,160 --> 00:02:23,520 Speaker 1: be chasing him, well, he'll be chasing in front of 42 00:02:23,560 --> 00:02:26,600 Speaker 1: him aren't very good. So I would say it's pretty 43 00:02:26,680 --> 00:02:30,240 Speaker 1: much he's got a tremendous shot. Peter. What will the 44 00:02:30,280 --> 00:02:35,160 Speaker 1: weather mean for the horses racing on Saturday? Well, I 45 00:02:35,160 --> 00:02:37,560 Speaker 1: mean the horses don't mind it when it rains. I 46 00:02:37,600 --> 00:02:41,079 Speaker 1: mean it's a wet track, you know, is fine. Last year, 47 00:02:41,080 --> 00:02:44,160 Speaker 1: if you remember American Pharaoh one in a slot, it 48 00:02:44,200 --> 00:02:46,720 Speaker 1: was a downpour of rain and he went wire to 49 00:02:46,720 --> 00:02:48,919 Speaker 1: wire right to the lead. You know, some horses of 50 00:02:49,000 --> 00:02:51,200 Speaker 1: bread for it, right. You know, there's that old saying 51 00:02:51,200 --> 00:02:53,359 Speaker 1: the mudd is a mutter, but you know the mother 52 00:02:53,480 --> 00:02:55,959 Speaker 1: and mother. But the bottom line there is I just 53 00:02:56,120 --> 00:02:59,440 Speaker 1: think that, um, it won't really affect the race too much. 54 00:02:59,760 --> 00:03:01,720 Speaker 1: Some horses will like it a little more, something a 55 00:03:01,720 --> 00:03:04,639 Speaker 1: little less. But I think it's I think it'll be fine. 56 00:03:04,639 --> 00:03:06,680 Speaker 1: It's not gonna They said it's gonna rain, but it's 57 00:03:06,680 --> 00:03:11,040 Speaker 1: not gonna be pouring pouring down all day. So theater, 58 00:03:11,120 --> 00:03:14,400 Speaker 1: how you doing? What's going on? Hello? That happy creak 59 00:03:14,440 --> 00:03:17,240 Speaker 1: this Seve? Thank you? Okay, So we have a hundred 60 00:03:17,280 --> 00:03:20,560 Speaker 1: and forty first running of the Creak the stakes. Last 61 00:03:20,639 --> 00:03:23,440 Speaker 1: year American Fararoh did something that no horse has done 62 00:03:23,440 --> 00:03:27,760 Speaker 1: for thirty seven years. What's the odds of of this 63 00:03:28,040 --> 00:03:32,600 Speaker 1: night Quist going on and doing and duplicating this feed again? Well, 64 00:03:32,639 --> 00:03:34,640 Speaker 1: I mean again, you look at the Kentucky Derby night 65 00:03:34,720 --> 00:03:39,320 Speaker 1: Quist ran two seconds faster than American Faraoh did last year. 66 00:03:39,480 --> 00:03:41,640 Speaker 1: And if you know in horse racing, up fifth of 67 00:03:41,640 --> 00:03:44,840 Speaker 1: a second is a lynx, so you know that's almost 68 00:03:44,920 --> 00:03:47,680 Speaker 1: eight lengths faster than American Farao. Now, the track on 69 00:03:47,760 --> 00:03:50,320 Speaker 1: Derby Day was pretty fast. You know a lot of 70 00:03:50,320 --> 00:03:53,160 Speaker 1: fast times were happening throughout the day, so you know, 71 00:03:53,200 --> 00:03:55,560 Speaker 1: you can't really make that comparison. But the bottom line 72 00:03:55,640 --> 00:03:58,440 Speaker 1: is I think the three year old last year that 73 00:03:58,480 --> 00:04:01,040 Speaker 1: American Farao run against much better than they are this year. 74 00:04:01,120 --> 00:04:04,720 Speaker 1: So I think Nikewist has a huge shot um tomorrow. 75 00:04:04,800 --> 00:04:07,080 Speaker 1: And again I normally don't like to pick favorites ever, 76 00:04:07,640 --> 00:04:09,800 Speaker 1: but like I did with American Farall last year, I 77 00:04:09,880 --> 00:04:12,320 Speaker 1: just don't see. I just don't see a scenario how 78 00:04:12,320 --> 00:04:15,000 Speaker 1: he gets beat Well, Peter, Uh, this is a money, 79 00:04:15,120 --> 00:04:17,599 Speaker 1: a business, a finance network. How can I make money? 80 00:04:17,640 --> 00:04:19,800 Speaker 1: I mean, if Nick was is gonna be the favorite favorite, 81 00:04:19,839 --> 00:04:22,040 Speaker 1: I ain't gonna make a lot of money betting on Niquist. 82 00:04:22,360 --> 00:04:25,040 Speaker 1: So what kind of strategy could I use with all 83 00:04:25,040 --> 00:04:27,880 Speaker 1: the various betting techniques to actually make some money. Well, 84 00:04:27,880 --> 00:04:29,920 Speaker 1: that's the came right, that's why we're doing this. Um. 85 00:04:30,080 --> 00:04:34,000 Speaker 1: The idea is the what they call exotic bets. Right, 86 00:04:34,040 --> 00:04:35,720 Speaker 1: So instead of just betting to wind or a place 87 00:04:35,760 --> 00:04:37,440 Speaker 1: sort the show, you could do something like I call 88 00:04:37,520 --> 00:04:40,200 Speaker 1: the super fecta where you have to pick the order 89 00:04:40,200 --> 00:04:43,599 Speaker 1: of finish the first, second, third, and fourth horses in order. 90 00:04:44,400 --> 00:04:46,520 Speaker 1: Hard to do, right, but if you do it, you're 91 00:04:46,560 --> 00:04:49,240 Speaker 1: gonna get paid pretty well. So that's the way I'm 92 00:04:49,240 --> 00:04:52,840 Speaker 1: gonna approach the race where I take Niquist, I put 93 00:04:52,880 --> 00:04:55,200 Speaker 1: him in the first position, and then I try to 94 00:04:55,279 --> 00:04:57,200 Speaker 1: I use a couple of long shots in the second 95 00:04:57,200 --> 00:04:59,640 Speaker 1: and third and fourth position to try to to try 96 00:04:59,680 --> 00:05:02,599 Speaker 1: to make pay out big. Um. So underneath I like 97 00:05:02,640 --> 00:05:05,800 Speaker 1: a horse named Uncle Leno. He's the number two. I 98 00:05:05,839 --> 00:05:08,159 Speaker 1: think he's gonna show some speed. I think he's getting better. 99 00:05:08,200 --> 00:05:10,720 Speaker 1: Whatever race, he had an equipment change and two races 100 00:05:10,720 --> 00:05:13,240 Speaker 1: ago took the blinkers off. You know. The blinkers are 101 00:05:13,240 --> 00:05:15,880 Speaker 1: like blinders, right to make them, you know focus. He 102 00:05:15,920 --> 00:05:18,000 Speaker 1: didn't like him that too much. They took them off him, 103 00:05:18,040 --> 00:05:20,120 Speaker 1: and he's been running better. I think he's gonna run big. 104 00:05:20,560 --> 00:05:24,280 Speaker 1: And I think number two, number ten Fellowship who ran 105 00:05:24,320 --> 00:05:26,240 Speaker 1: on Kentucky Derby Day, not in the Derby, but in 106 00:05:26,279 --> 00:05:29,360 Speaker 1: another race. He has a new trainer who's getting him 107 00:05:29,400 --> 00:05:31,760 Speaker 1: back into form, and I think he's gonna come running 108 00:05:31,760 --> 00:05:33,839 Speaker 1: at the end. So if he used night Quist with 109 00:05:33,920 --> 00:05:36,159 Speaker 1: those two long shots, the two and the ten, Uncle 110 00:05:36,240 --> 00:05:38,960 Speaker 1: Leo and Fellowship, and then of course Exaggerator, who's the 111 00:05:39,040 --> 00:05:42,280 Speaker 1: second choice who's finished four times he's run second to 112 00:05:42,400 --> 00:05:45,240 Speaker 1: night Quist, put him in your super factor if not. 113 00:05:45,400 --> 00:05:47,960 Speaker 1: If Exaggerated comes in third or fourth with those other two, 114 00:05:47,960 --> 00:05:51,039 Speaker 1: it's gonna pay pretty well. You know, Peter, I'm getting 115 00:05:51,040 --> 00:05:53,880 Speaker 1: a little worried because I agree with you. I agree 116 00:05:53,920 --> 00:05:59,080 Speaker 1: with this. Wow, we're in trouble now, you know. You know, 117 00:05:59,160 --> 00:06:02,000 Speaker 1: as a member of the famous team Rotundo, let me 118 00:06:02,000 --> 00:06:05,839 Speaker 1: ask you a question. When you guys disagree on something, 119 00:06:06,120 --> 00:06:09,840 Speaker 1: who makes the final decision. Well, it depends what we're doing. 120 00:06:09,880 --> 00:06:13,719 Speaker 1: If we're betting together, um as like as as a team. 121 00:06:14,400 --> 00:06:17,599 Speaker 1: Ultimately depends on the day. If I'm feeling a little 122 00:06:18,040 --> 00:06:20,640 Speaker 1: feeling sorry for Dad, I might let him, may let 123 00:06:20,680 --> 00:06:23,760 Speaker 1: him make the final one. But usually I kind of 124 00:06:23,760 --> 00:06:25,880 Speaker 1: take the reins if I'm involved, because you know, usually 125 00:06:25,920 --> 00:06:28,440 Speaker 1: I'm not always with them because I'm I'm actually you know, 126 00:06:28,520 --> 00:06:31,240 Speaker 1: I'm working and I'm running around, so um but we're 127 00:06:31,279 --> 00:06:34,200 Speaker 1: together also to make the final thing. I know already 128 00:06:34,200 --> 00:06:36,680 Speaker 1: we disagree on the Preakness, since I got a text 129 00:06:36,720 --> 00:06:40,680 Speaker 1: message from him saying we disagree. So it'll be an 130 00:06:40,720 --> 00:06:44,000 Speaker 1: interesting Saturday hanging out with those guys. Peter, if you 131 00:06:44,000 --> 00:06:48,280 Speaker 1: can just comment briefly on tournaments, handicapping tournaments and how 132 00:06:48,279 --> 00:06:51,520 Speaker 1: that is changing horse racing. Yeah, it's just a new 133 00:06:51,560 --> 00:06:53,560 Speaker 1: way to play. I mean, it's been around you It's 134 00:06:53,600 --> 00:06:56,159 Speaker 1: been around from a fifteen to twenty years or so, 135 00:06:56,360 --> 00:07:00,920 Speaker 1: but it's really taking off, taken off lately, uh, with 136 00:07:01,120 --> 00:07:04,479 Speaker 1: just an explosion. You know. There's there's a there's a 137 00:07:04,520 --> 00:07:08,240 Speaker 1: tournament in Las Vegas called the National Handicapping Championship every year. 138 00:07:08,440 --> 00:07:10,720 Speaker 1: First prize of the million dollars. We have one at 139 00:07:10,720 --> 00:07:14,120 Speaker 1: the Breeders Cup Breeders Cup Betting Challenge and you can 140 00:07:14,120 --> 00:07:17,440 Speaker 1: win over half a million dollars. It's it's it's just 141 00:07:17,560 --> 00:07:20,240 Speaker 1: a different way of playing the horses where you don't 142 00:07:20,240 --> 00:07:22,920 Speaker 1: have to bet like I just mentioned the Superfecta or 143 00:07:23,280 --> 00:07:25,400 Speaker 1: best like that. You could just sort of pick one 144 00:07:25,440 --> 00:07:28,080 Speaker 1: horse you like and if the horse runs well, you 145 00:07:28,120 --> 00:07:30,240 Speaker 1: get points and if they add as up, adds up. 146 00:07:30,240 --> 00:07:31,840 Speaker 1: It's an easier way to get into the game, and 147 00:07:31,840 --> 00:07:33,760 Speaker 1: I think a lot of younger people are trying to 148 00:07:33,880 --> 00:07:36,080 Speaker 1: catch it on because it's it's a more simple way. 149 00:07:36,400 --> 00:07:39,840 Speaker 1: Peter Tondo, Jr. Vice President Media Entertainment at the Breeders 150 00:07:39,960 --> 00:07:43,480 Speaker 1: Cup and Bloomberg Racy enthusiast Gary Edel, you're listening to 151 00:07:43,480 --> 00:07:48,440 Speaker 1: the Bloomberg Radio betting on commercial real Estate. We're going 152 00:07:48,480 --> 00:07:51,840 Speaker 1: to be speaking with the CEO of Marcus and Millichamp 153 00:07:51,880 --> 00:07:55,680 Speaker 1: about the heart hot markets across the country. This is 154 00:07:55,720 --> 00:07:57,200 Speaker 1: taking stock on Bloomberg Radio.