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Speaker 1: Broadcasting live to New York, Bloomberg eleventh Yo to Washington,

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Speaker 1: d C, Bloomberg to Boston, Bloomberg twelve unders to San Francisco,

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Speaker 1: Bloomberg to the Country, US Exam Channel one ninety and

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Speaker 1: around the globe. The Bloomberg Radio must happened. Bloomberg dot Com.

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Speaker 1: This is Bloomberg Surveillance the party. It is a thirty

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Speaker 1: on Wall Street. I'm Michael McKee along with Tom Keane.

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Speaker 1: Ecademic indicators brought to you by Commonwealth Financial Network. When

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Speaker 1: it's time to change the conversation, talk with the broker

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Speaker 1: dealer r I A that's ready to listen, call six

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Speaker 1: two three six three eight or visit Commonwealth dot com

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Speaker 1: to learn more. No major numbers out today. We do

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Speaker 1: get wholesale inventories at ten am this morning. Tom often

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Speaker 1: a reflection of what's going on in trade. May I state.

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Speaker 1: We had a huge response from our Wilbur Ross interview.

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Speaker 1: Huge response to his comments that republic have to get

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Speaker 1: behind Mr Trump. Huge response. Well, according to UM the surveys,

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Speaker 1: the latest ABC Washington Post survey, that's going to be

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Speaker 1: very difficult. Huge response. We'll get to that a minute.

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Speaker 1: I wanted to just go from the economy numbers here

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Speaker 1: into the economy's impact on the political process. Megan Murphy

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Speaker 1: from Bloomberg News. Uh, we're Washington Bureau Chief joining us now, Megan,

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Speaker 1: I'm looking at Gary Langer's exit poll numbers for ABC,

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Speaker 1: and Gary, of course produces the Bloomberg Consumer Comfort Index

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Speaker 1: four UH, inten um six intent rather um. Voters in

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Speaker 1: the Republican primary in Michigan say they are worried about

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Speaker 1: the direction of the economy eight in ten in Mississippi.

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Speaker 1: And yet you talk to people on Wall Street and

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Speaker 1: things aren't that bad. There seems to be quite a

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Speaker 1: disconnect between people on Wallster it in people in what

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Speaker 1: many on Wall Street would call the flyover. Yeah, and

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Speaker 1: I think that explains so much of what we've been

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Speaker 1: seeing so far this election cycle. This disconnect is real.

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Speaker 1: We've done many stories showing how actually the underlying fundamentals,

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Speaker 1: whether you look at wages, whether you look at productivity,

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Speaker 1: whether you think look at flavorforce, participation, were actually things

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Speaker 1: seems to be, you know, getting better. But yet that

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Speaker 1: is not reflected in this huge angry swing we see,

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Speaker 1: this anti establishment swing we see and even the number

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Speaker 1: of people in the same exit polls who identified Donald

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Speaker 1: Trump as the man they think would do the best

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Speaker 1: job of Shepherd in the economy. He won by a

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Speaker 1: big margin on that score in Mississippi and a big

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Speaker 1: margin on that score in Michigan. Does this suggest another

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Speaker 1: interesting stat out from NBC this morning, um Trump has

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Speaker 1: won every state with unemployment over five percent. That people

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Speaker 1: are are willing to overlook everything else because it's the

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Speaker 1: economy stupid. I think it's the a nomy see when

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Speaker 1: I think you also see that on the flip side

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Speaker 1: of the Democratic grace. You know, one of the reasons

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Speaker 1: why Bernie Sanders was able to pull off that stunning

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Speaker 1: upset in Michigan last night was that he really doubled

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Speaker 1: down on some of his key themes on trade, some

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Speaker 1: of his key teams on income inequality. People think that

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Speaker 1: Hillary made a mistake when she sort of tagged him

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Speaker 1: with that he hadn't supported the auto bailout, which is

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Speaker 1: sort of partially not true. And again the economics were

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Speaker 1: on full display of how that remains the animating theme

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Speaker 1: of this election. Senator Cruise to the Rescue. Give us

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Speaker 1: an update on Senator cruizes relationship with other Republican establishment leaders.

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Speaker 1: Is an amateur. I'm suggesting it's fractious if you're the

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Speaker 1: pro Are they even on speaking troops? Look, we've done

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Speaker 1: extensive looks this week and talked to a bunch of

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Speaker 1: people to see if we can see any movement by

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Speaker 1: some of his Senate colleagues to get behind him, to

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Speaker 1: coalest behind him, and you'd be hard And it's pretty

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Speaker 1: much crickets in the room right now. This is kind

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Speaker 1: of their worst scenario. If there's anyone the establishment sort

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Speaker 1: of fears or is more concerned about than Donald Trump,

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Speaker 1: it's actually Ted Cruz. His views are very out of

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Speaker 1: the mainstream. His positions are very hard right and fundamentally

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Speaker 1: for Republican establishment. They do not believe he can win

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Speaker 1: against Hillary Clinton. They believe his positions are simply two

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Speaker 1: out of step with what is a rapidly changing demographic. Well,

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Speaker 1: American voters as of the last couple of days don't

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Speaker 1: believe that Trump can win either. The latest ABC Washington

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Speaker 1: pole just out within the last hour shows that right

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Speaker 1: now Hillary Clinton leads Donald Trump by a fifty to

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Speaker 1: vote preference among registered voters thirty six among everyone. But

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Speaker 1: while that's just a snapshot in time, what I found

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Speaker 1: very interesting is you look at Republicans who say they

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Speaker 1: don't want Donald Trump if he is the nominee, only

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Speaker 1: fifty of them say they would be like Wilbur Ross

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Speaker 1: and vote for the Republican because he's the Republican. It is,

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Speaker 1: to get back to what Tom said at the beginning,

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Speaker 1: going to be very hard for Trump to even attract

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Speaker 1: the Republican Party, let alone Independence and Democrats. I think

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Speaker 1: this number is one that we're going to have to

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Speaker 1: watch closely to see if it changes, because what we

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Speaker 1: haven't yet see play out is the realization among a

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Speaker 1: huge part of the Republican Party, this sort of majority

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Speaker 1: of the Replican Party, that Donald Trump can and is

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Speaker 1: the nominee. And I think once that sort of I

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Speaker 1: do call it sort of the five stages of grief,

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Speaker 1: as some people have described it. I do think there's

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Speaker 1: many senior figures in the party who will look at

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Speaker 1: this race and look at this contest and say, look,

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Speaker 1: if we don't get behind him, we risk a true

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Speaker 1: civil war in the party. A fraction of the party

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Speaker 1: like we haven't seen are we really are we really

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Speaker 1: willing to risk the Senate, risk the House, risk some

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Speaker 1: of our governorships when a lot of those states come

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Speaker 1: up risk redistrict saying I do think over the next

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Speaker 1: several days we're going to see some establishment figures. I

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Speaker 1: thought what Wilba Ross said was tremendously interesting. Say, wait

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Speaker 1: a second, are we potentially doing more harm than good

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Speaker 1: by continuing this? Never Trump stopped trumping. You listen to

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Speaker 1: our interview with Wilver Ross. Well, I was on at

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Speaker 1: the same time, so I was listening to one year.

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Speaker 1: But I think, you know, look, this is the thing

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Speaker 1: the party risks. You know, the party risks a fundamental

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Speaker 1: split and whether the senior financiers. I hear it a

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Speaker 1: lot from people who have put a lot of money

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Speaker 1: into the selection and saying we don't want to cut

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Speaker 1: off our nose despite our face angle. What is your

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Speaker 1: number one study item as you moved to Florida next Tuesday?

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Speaker 1: That's the thing you want to know about. Well, the

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Speaker 1: number one thing we're watching is I want to see

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Speaker 1: on there. What I'm most interested in is the early

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Speaker 1: voting now and how much we've seen, how much of

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Speaker 1: those votes have gone to how much some of those

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Speaker 1: votes will have gone to Jeb Bush. Frankly, um, but

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Speaker 1: if this. You know Rubio will commodore tremendous pressure even

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Speaker 1: in the coming days, even before Florida to sort of

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Speaker 1: think about his position in the race. He is going

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Speaker 1: if Ted Cruz wants to sort of have the strategy

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Speaker 1: of making sure Rubio exits. Donald Trump is probably gonna

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Speaker 1: wein with Florida. Michan, We've gotta leave it there, Megan,

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Speaker 1: thank you so much. No doubt we will speak to

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Speaker 1: you before next to Tuesday. Megan Murphy, Bureau chief for

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Speaker 1: the district, to call on the office of Bloomberg Futures

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Speaker 1: Up nine. I'm not a check in with Michael Barr

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Speaker 1: for the latest news headlines. Michael, Mike, Tom, thank you.

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Speaker 1: There are new questions being raised about the Iran nuclear

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Speaker 1: agreement today after Iran's news agency as to Ron fired

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Speaker 1: two ballistic missiles. Written in Hebrew on the missiles is

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Speaker 1: the phrase Israel must be wiped out. The show of

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Speaker 1: force comes as Vice President Joe Biden visits Israel, and

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Speaker 1: I want to reiterate which I know people still doubt here.

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Speaker 1: If in fact they break the deal, we will act.

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Speaker 1: Biden spoke in Jerusalem alongside Israeli Prime Minister Benjamin Deton Yahoo,

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Speaker 1: who opposed the Iran nuclear deal. Hillary Clinton and Bernie

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Speaker 1: Sanders are debating tonight for the eighth time in Florida.

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Speaker 1: Last night, Sanders scored an upset win in Michigan's Democratic

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Speaker 1: presidential primary. However, Clinton won the primary in Mississippi and

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Speaker 1: is more than halfway to hitting the number needed to

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Speaker 1: win the party's nomination. For the Republicans, Donald Trump won

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Speaker 1: contests in Michigan, Mississippi, and Hawaii. Ted Cruz won the

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Speaker 1: primary in Idaho. A public viewing begins today for Nancy

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Speaker 1: Reagan at the Reagan Presidential Library. Her body will lie

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Speaker 1: in propose for two days. The former First Lady died Sunday.

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Speaker 1: Global News twenty four hours a day, powered by our

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Speaker 1: two hundred journalists more than a hundred fifty news bureaus

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Speaker 1: from around the world. I'm Michael bar Mike Tom Thank

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Speaker 1: you by Time down for the Bloomberg NBC sports update.

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Speaker 1: Here is John Stashaard. Thanks Michaels. Five years ago Camara

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Speaker 1: Anthony got traded by Denver to the Knicks. Since then,

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Speaker 1: a lot more losing than winning, and he was back

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Speaker 1: in Denver last night. Still hasn't won in any of

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Speaker 1: his returns there Nuggets with an easy one ten ninety

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Speaker 1: four win. Mellow had thirty in the Laws. In Toronto,

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Speaker 1: the Nets at a sixteen point halftime ly. The Raptors

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Speaker 1: came back and prevailed one oh four ninety nine. Rangers

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Speaker 1: and Islanders both one. Rangers state three points ahead, they

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Speaker 1: were up three nothing held on to win four two.

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Speaker 1: At Buffalo, the Isles got power play goals from John

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Speaker 1: Tavaris and andrews Lee Lee in the third period of

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Speaker 1: snap attie. They top Pittsburgh two to one. Another local

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Speaker 1: team headed the n C Double A tournament, the Knights

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Speaker 1: of Fairleigh Dickinson, winning at Wagner in the Northeast Final

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Speaker 1: eighties seven seventy nine, their fifth n S double as

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Speaker 1: first since two thousand five. Jets were losing top rusher

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Speaker 1: Chris Ivory, cashing in on his thousand yard season, expected

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Speaker 1: to sign today with Jacksonville. Free agency begins with the

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Speaker 1: Jets unsure if they'll be able to keep quarterback Lion Fitzpatrick.

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Speaker 1: Giants are keeping top pass rusher Jason Pierre Paul for

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Speaker 1: one more year. JPP made it back from that fireworks

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Speaker 1: incident where lost a fingle finger work today Giants have

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Speaker 1: a deal with free agent cornerback to Norris Jenkins, who

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Speaker 1: was with the Rams spring training. Matt Harvey on the

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Speaker 1: mound first time since the World Series. Three innings, one

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Speaker 1: run CC Sabatia, two hitless sittings in his first appearance

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Speaker 1: since leaving the Yankees for alcohol. Recap with Limberg NBC

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Speaker 1: Sports Updates. I'm John Stanne, John, thank you very much. Well,

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Speaker 1: we are setting up after yesterday's disappointments in the markets.

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Speaker 1: We're sort of setting up for a better day to day,

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Speaker 1: and maybe it has to do with the fact that

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Speaker 1: oil prices are higher this morning. Brent up by one

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Speaker 1: point six percent, West Texas by one point four percent,

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Speaker 1: Rent back over forty and has SMP features up by

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Speaker 1: eight points right now four ten staff features up seventy

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Speaker 1: one swing day to day on tenure yield. You know,

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Speaker 1: Francine Laqua was very interested in the Sun report that

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Speaker 1: the Queen is backting Brexit. Uh no response from her, honor,

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Speaker 1: but uh the foot scene is up thirty nine call

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Speaker 1: it forty point seven tenths, and the pound is uh, well,

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Speaker 1: it's come down a little bit. It's about break even

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Speaker 1: right now, one point four to oh one, So we'll

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Speaker 1: see whether her majesty indeed favors separation from Europe, something

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Speaker 1: we'll follow here on Bloomberg Savants Bloomberg Surveillance brought to

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Speaker 1: by c i T from transportation to healthcare to manufacturing.

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Speaker 1: services for small middle market businesses. C i T dot

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Speaker 1: com