WEBVTT - Closing Bell: Marvell Rallies, Boeing Soars, BlackRock Falls 

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<v Speaker 1>Bloomberg Audio Studios, Podcasts, radio News.

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<v Speaker 2>This is the closing bell on the stock movers report

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<v Speaker 2>the company's making moves at the close of US trading,

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<v Speaker 2>with Carol Masser, Tim Stenoveck, Romain Bostik, and Katie Greifel.

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<v Speaker 3>All Right, guys, let's go do some individual gainers, if

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<v Speaker 3>we may marvel that is your number one gainer in

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<v Speaker 3>the Nasdaq one hundred, a gain of about eighteen percent

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<v Speaker 3>for the Friday trade, chip maker, saying it's year over

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<v Speaker 3>year revenue growth rate we'll accelerate each quarter throughout fiscal

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<v Speaker 3>twenty twenty seven, so definitely seen as a bullish sign,

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<v Speaker 3>but also a bush target that shows soaring demand from

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<v Speaker 3>data center related application, So some enthusiasm on that and

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<v Speaker 3>what has been some nervousness certainly with the AI spend trade. Hey,

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<v Speaker 3>let's go on over to Costco. This was a top

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<v Speaker 3>performer a little bit earlier in the Nasdaq one hundred,

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<v Speaker 3>but still finishing the day with a game of a

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<v Speaker 3>one point six percent. Quarterly profit rose more than expected

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<v Speaker 3>membership fees something that was being watched closely, totaling one

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<v Speaker 3>point thirty six billion during the quarter, beating expectations and

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<v Speaker 3>The company says it's gained market share as it's bulk

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<v Speaker 3>sizes and unique selection of goods draw in shoppers looking

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<v Speaker 3>for value. I also heard something about selling cakes or

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<v Speaker 3>something that apparently that is something of interest.

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<v Speaker 1>So anyways, cakes sold cakes.

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<v Speaker 3>I guess it's a strategy going forward.

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<v Speaker 4>I don't know.

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<v Speaker 3>I mean, who doesn't love a cake. Let's go on

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<v Speaker 3>over to Boeing up about four percent. Number two gainer,

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<v Speaker 3>I know, no segue there, Number two gainer in the

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<v Speaker 3>S and P five hundred. Boeing closing in on a

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<v Speaker 3>five hundred.

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<v Speaker 5>Grede delivery Carol.

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<v Speaker 3>That's the cake delivery on a plane on a Boeing. Wow,

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<v Speaker 3>no moss grown over there? Well done, well said, He's always.

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<v Speaker 4>Here for me.

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<v Speaker 3>Boeing closing in on a five hundred aircraft order for

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<v Speaker 3>seven thirty seven Max Decks to be unveiled when President

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<v Speaker 3>Trump travels to Beijing for his first state visit to

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<v Speaker 3>China SITS twenty seventeen. Two sides are said to be

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<v Speaker 3>in talks for a wide body sale that includes about

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<v Speaker 3>one hundred and Boeing seven eighty seven Dreamliners and Triple

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<v Speaker 3>seven ex Jets, which would likely be announced at a

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<v Speaker 3>later great date. If this materializes, keep in mind this

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<v Speaker 3>is not a confirmation. It would capy years of negotiations

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<v Speaker 3>between Boeing and China's airlines and a lengthy and a

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<v Speaker 3>lengthy order drought from the world's second biggest aviation market.

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<v Speaker 3>This is big news. If this ultimately happens, it's a

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<v Speaker 3>huge order and it's a huge market for Boeing. And

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<v Speaker 3>as we know, China is also working on developing its

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<v Speaker 3>own jet market.

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<v Speaker 5>Yeah the Comac Yeah, okay, this guy loves me to

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<v Speaker 5>compete with the seven thirty seven. Let's talk about some

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<v Speaker 5>alternative asset managers, including Blackrock, that took a hit today,

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<v Speaker 5>down seven point seven percent. This after a series of

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<v Speaker 5>negative private credit eventstered fresh concerns over the health of

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<v Speaker 5>the industry. For Blackrocks, specifically, it was about the company,

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<v Speaker 5>the asset manager, curbing withdrawals from its twenty six billion

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<v Speaker 5>dollar HPS corporate Lending fund after client requests for redemption

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<v Speaker 5>spiked at CAPRI purchases at five percent. It just adds

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<v Speaker 5>to the worries that have been plaguing the private credit industry,

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<v Speaker 5>and we saw other alternative asset managers fall today as well,

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<v Speaker 5>taking a look at airlines because they have been under

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<v Speaker 5>serious pressure in recent days over the war in Iran.

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<v Speaker 5>We saw travel stocks take a hit online travel agencies

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<v Speaker 5>are sliding to oil pricing prices higher. That's a bad

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<v Speaker 5>thing for all of these companies. Also add on that

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<v Speaker 5>jobs report that we got earlier today, and that could

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<v Speaker 5>mean a consumer that is less willing to spend on

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<v Speaker 5>stuff like this. The airlines industry and actually airline stocks

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<v Speaker 5>down a little more than twenty percent from the highs

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<v Speaker 5>just about a month ago. This is the S and

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<v Speaker 5>P fived S ANDP fifteen hundred Airlines index. That's down

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<v Speaker 5>twenty two percent from February six, so that's officially in

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<v Speaker 5>a bear market. We also did get a note from

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<v Speaker 5>an analyst over at Deutsche Bank that said that the

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<v Speaker 5>price of jet fuel and oil the spread between those

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<v Speaker 5>during the war, poses an existential threat to US airlines.

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<v Speaker 5>So keep an eye on airlines as we do enter

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<v Speaker 5>a bear market for that industry. And finally, Chairs of

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<v Speaker 5>Gap taking a hit today, falling more than fourteen percent,

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<v Speaker 5>this after the company reported fourth quarter sales and profit

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<v Speaker 5>that came in slightly below expectations. Old Navy and Athleta

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<v Speaker 5>missed comp sales estimates gap and been at a Republic

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<v Speaker 5>did beat the company though, forecasting a better profit than

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<v Speaker 5>expected for their current year and sales within estimates.

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<v Speaker 1>Yeah, and just how honorable mention too. I just want

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<v Speaker 1>to just point out the chip stocks here. We did

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<v Speaker 1>see the Philadelphia Semiconductor Index close down about four percent,

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<v Speaker 1>and of course a big drag lower here because of

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<v Speaker 1>a lot of those issues with apparently whether that AI

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<v Speaker 1>spend is continuing a great scoop earlier today, that Oracle

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<v Speaker 1>and Open Ai apparently dialing back their plans for that Stargate,

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<v Speaker 1>that big Stargate data center down there in Texas. Meanwhile,

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<v Speaker 1>we take a look at the yield space, and it

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<v Speaker 1>was quite an interesting week. In fact, the biggest weekly

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<v Speaker 1>sell off that we've seen in benchmark treasury yields since

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<v Speaker 1>at least all last April amid all of the Liberation

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<v Speaker 1>Day ructions. Those are the numbers on a daily basis,

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<v Speaker 1>and the reason why they're basically flat is because there

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<v Speaker 1>was really the push pull because between the concerns about

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<v Speaker 1>what's going on in the Middle East and concerns about

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<v Speaker 1>of course what's going on with that Job's report. Of course,

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<v Speaker 1>the job support that would actually suggest the potential for

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<v Speaker 1>a cutting rates, But of course the inflationary pressures and

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<v Speaker 1>what's going on in Iran actually maybe potentially making the

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<v Speaker 1>case to actually hike rates overall or higher on a

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<v Speaker 1>weekly basis on your two year by about eighteen points

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<v Speaker 1>on your tenure by about twenty points from where we

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<v Speaker 1>were just last Friday.

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<v Speaker 3>Yeah, I think we're at this interesting moment in time,

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<v Speaker 3>and I think everybody says I was reading a Bloomberg column.

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<v Speaker 3>You know, we have to get an idea of how

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<v Speaker 3>long this war's going to last, because that's going to

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<v Speaker 3>certainly determine the impact. I mean, we're looking at what

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<v Speaker 3>WTI crewed up almost forty percent this week alone. So

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<v Speaker 3>you know, you think about the jobs report this morning

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<v Speaker 3>that was weaker than forecast. You've got inflationary pressures that

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<v Speaker 3>are still out there, you know, dare we say stagflation,

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<v Speaker 3>and you just think about the predicament this presents not

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<v Speaker 3>only for the US economy, but the global economy and

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<v Speaker 3>for central bankers around the world.

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<v Speaker 5>We spoke to ellen Wald of Transversal earlier. She wrote

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<v Speaker 5>the book on Saudi Arabia and at Ramco Bailey and

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<v Speaker 5>She said, if this crisis, at least from an oil perspective,

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<v Speaker 5>from an energy perspective, doesn't get solved next week, we're

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<v Speaker 5>already on the cusp of a crisis, and we could

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<v Speaker 5>see a full blown crisis, she said, We could see

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<v Speaker 5>hundred and twenty dollars a barrel oil in a very

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<v Speaker 5>short period of time if this doesn't get figured out.

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<v Speaker 4>And I have to imagine the knock on effect, Like

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<v Speaker 4>we've been talking, what does that ultimately mean for inflation?

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<v Speaker 4>What does that mean for consumers? And certainly when you

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<v Speaker 4>see a VIX that's getting back towards thirty and you

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<v Speaker 4>see investors selling down companies exposed to the AI bubble,

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<v Speaker 4>what does that mean?

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<v Speaker 1>But also on the energy front too. I mean, we

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<v Speaker 1>talk about that ninety eight dollars a barrel ninety one,

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<v Speaker 1>Carol Masser. We were at eighty one yesterday and we

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<v Speaker 1>were like, what at like sixty just a little while ago.

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<v Speaker 1>But it's already fed through. I mean, if you look

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<v Speaker 1>at on your Bloomberg terminal triple A gas prices on

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<v Speaker 1>a weekly basis, they're up by about ten to eleven percent.

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<v Speaker 1>Here that's the price that you see at the pump

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<v Speaker 1>the average price, we should point out, but it's actually

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<v Speaker 1>now up six straight sessions that had already been rising

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<v Speaker 1>prior to that. In fact, it had actually been up

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<v Speaker 1>for about four straight weeks prior to this week here,

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<v Speaker 1>and that starts to become the real impact, you know,

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<v Speaker 1>the potential economic drag that I think a lot of

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<v Speaker 1>us were hoping we would avoid. That's why you had

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<v Speaker 1>folks like Muhammadalarian talking about stagflationary winds blowing. And I

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<v Speaker 1>don't know if you saw all the FED speakers that

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<v Speaker 1>Mike had on today. I mean, look, it's front and center,

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<v Speaker 1>and when's that meeting. That's like a week and a half.

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<v Speaker 1>But they got to meet and start talking about this stuff.

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<v Speaker 3>Yeah, exactly right, And so what do they do? So,

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<v Speaker 3>you know, with inflationary pressure still above the Fed's target,

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<v Speaker 3>it continues to be that way, you've got to kind

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<v Speaker 3>of assume that the FED is going to be very

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<v Speaker 3>careful and certainly not do anything. Certainly not a cut,

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<v Speaker 3>but certainly you know, have to be on their inflation watch,

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<v Speaker 3>right Cole exactly?

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<v Speaker 4>Yeah?

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<v Speaker 1>What has kel? She said? Are they going to pay

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<v Speaker 1>out if I win?

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<v Speaker 5>It's a good question.

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<v Speaker 2>This stock mover's report from Bloomberg Radio. Check back with

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<v Speaker 2>us throughout the day for the latest roundup of companies

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<v Speaker 2>making news on Wall Street, and for the latest market

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