WEBVTT - Closing Bell: Qualcomm, Tyson, Sally Beauty

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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, back to the S and P five hundred WEEKO.

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<v Speaker 3>Most names actually lower in the index, Kati about two

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<v Speaker 3>hundred and eighty eight losing ground on this Monday. You

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<v Speaker 3>had two hundred and fifteen higher in the Monday session

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<v Speaker 3>and none unchanged.

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<v Speaker 4>Yeah, and an interesting split.

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<v Speaker 5>When you take a look at the sector level as

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<v Speaker 5>measured by the circle, you can see a sort of

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<v Speaker 5>a patchwork there of green and red energy. On a

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<v Speaker 5>percentage basis, was your biggest gainer hire by about two

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<v Speaker 5>point six percent, Materials industrials Tech also rising by one

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<v Speaker 5>percent or more.

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<v Speaker 4>In terms of what didn't work on.

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<v Speaker 5>This Monday, communication services down by about two point three percent.

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<v Speaker 5>You also had consumer stafles that set off.

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<v Speaker 4>By about eight tens of percent. Carol, all right, so

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<v Speaker 4>let me go to some of the gainers.

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<v Speaker 3>Man, you really had some mega outperformance once again in

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<v Speaker 3>those semiconductor names. In fact, you had the socks, you

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<v Speaker 3>had Intel you had Micron, you had Qualcomm all at

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<v Speaker 3>record closes today.

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<v Speaker 4>Just let's go through some of the numbers.

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<v Speaker 3>Eight and a half percent higher roughly on Qualcomm, six

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<v Speaker 3>and a half percent higher. When it comes to Micron,

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<v Speaker 3>you had Intel also higher, up about three point six percent,

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<v Speaker 3>and if you look at the Philadelphia Semiconductor Index, up

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<v Speaker 3>about two point six percent. So you saw this group

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<v Speaker 3>again extending the gains that we've seen already this year.

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<v Speaker 3>That's after we saw record highs and a lot of

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<v Speaker 3>the names on Friday, the latest latest surge boosted by

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<v Speaker 3>continued investor enthusiasm over AI and fruction infrastructure buildouts. Benzinga

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<v Speaker 3>talking about Qualcomm saying or citing the CEO there saying

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<v Speaker 3>the smartphone era may be nearing its end as major

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<v Speaker 3>AI companies quietly work a next generation wearable devices powered

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<v Speaker 3>by advanced AI agents.

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<v Speaker 4>So you have that going on. As for Intel, you.

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<v Speaker 3>Had Baron's reporting that the stock is up unreported second

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<v Speaker 3>huge chip customer, and that Intel's and talks with South

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<v Speaker 3>Korean chip maker sk Heinez about providing chip packaging technology

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<v Speaker 3>to integrate high bandwidth memory and logic chips. That's according

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<v Speaker 3>to that report from a report from zd net Korea.

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<v Speaker 3>And then remember it was just last week that Apple

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<v Speaker 3>and Intel seemed to be reaching an agreement, an early

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<v Speaker 3>chip making agreement that came out from the Wall Street Journal,

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<v Speaker 3>but our own team earlier last week had given a

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<v Speaker 3>heads up on that happening. Just so much going on

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<v Speaker 3>when it comes to the semiconductor and just real quickly,

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<v Speaker 3>something a little bit different. Tigger mndy Monday, dot Com

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<v Speaker 3>Limited rallying nearly twenty three percent intra day, shares rising

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<v Speaker 3>after the more than three point eight billion dollar market

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<v Speaker 3>caps software company raised its full or forecast for both

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<v Speaker 3>revenue and adjusted operating profits. Stock, though down about fifty

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<v Speaker 3>percent year to date, nearly fifteen percent of the float

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<v Speaker 3>is short. Stock is down within eighty percent November of

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<v Speaker 3>twenty twenty one. So the long story not so great.

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<v Speaker 3>You can just see that shart right there, But nonetheless

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<v Speaker 3>investors finding some interest in it on this Monday.

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<v Speaker 6>All right, Well, on this Monday, I'm finding some interest

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<v Speaker 6>in some stocks that moved the lower. I want to

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<v Speaker 6>start with one of the worst performing stocks in the

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<v Speaker 6>S and P five hundred and eight percentage basis today

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<v Speaker 6>that would go to the trade desk down six point

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<v Speaker 6>eight percent. So it's an ad tech company and it

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<v Speaker 6>has just been getting absolutely beat up. It's right now

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<v Speaker 6>trading at what about twenty one dollars a share. You

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<v Speaker 6>go back to just an end of twenty twenty four,

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<v Speaker 6>this was a one hundred and forty dollars stock. So

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<v Speaker 6>it's down just about eighty five percent since then fell

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<v Speaker 6>again today, this after the analyst over at HSBC cut

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<v Speaker 6>his recommendation from to reduced from hold. This after earnings

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<v Speaker 6>last week that disappointed a lot of investors that was

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<v Speaker 6>back on May seventh. Also want to look at Tyson

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<v Speaker 6>Foods on a day when we're expecting some moves out

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<v Speaker 6>of Washington. The company fell by one point nine percent.

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<v Speaker 6>The Wall Street Journal report at the White House will

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<v Speaker 6>temporary cut beef import tariffs. The President said at a

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<v Speaker 6>Monday news conference that he's working on getting beef prices down.

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<v Speaker 6>Smithfield Foods also fell today. Also, finally, Sally Beauty Holdings.

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<v Speaker 6>We just spoke to Denise Palanis, the CEO of the company.

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<v Speaker 6>They reported earnings earlier today. Shares fell today actually had

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<v Speaker 6>its worst day intra day going back to twenty twenty three.

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<v Speaker 6>Sally beauty ended up falling on the day. In addition

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<v Speaker 6>to just an outlook that didn't make that. You know, really,

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<v Speaker 6>investors were a little worried about. They had a good

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<v Speaker 6>they had a good earlier quarter, but investors are worried

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<v Speaker 6>about what the company said when it came to the outlook.

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<v Speaker 6>The company also said they're watching lower income consumers and

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<v Speaker 6>there's more frugality when it comes to those consumers.

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<v Speaker 1>All right, let's go to quick to check here on yields.

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<v Speaker 1>The sea saw we've been seeing in recent sessions where

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<v Speaker 1>you're up one day, down the next. We're up here

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<v Speaker 1>on the day pretty significantly here up about five basis points,

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<v Speaker 1>but at four point four on your benchmark ten year yield.

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<v Speaker 1>You see the somewhat stasis that we've been in here

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<v Speaker 1>a relative to the last couple of weeks. Here. That's

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<v Speaker 1>going to be sort of a big challenge going forward,

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<v Speaker 1>not so much for what bond investors are looking for,

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<v Speaker 1>but equity investors, of course, trying to price out the

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<v Speaker 1>next direction and how that might actually feed into their

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<v Speaker 1>projections for stocks going forward.

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<v Speaker 5>Meanwhile, we do have some earnings crossing the wire Hymns

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<v Speaker 5>and hers reporting and the big headline here is that

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<v Speaker 5>they're cutting their full year adjusted EBITDA forecast when it

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<v Speaker 5>comes to what they see, and they now see full

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<v Speaker 5>year adjusted EBITDA between two hundred and seventy five million

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<v Speaker 5>dollars to three hundred and fifty million dollars. The previous

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<v Speaker 5>range that the company had given was between three hundred

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<v Speaker 5>to three hundred and seventy five million dollars. You can

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<v Speaker 5>see the chairs are popping rate now though, hire by

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<v Speaker 5>about eight percent or so. I will also point out

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<v Speaker 5>when it comes to the first quarter adjust it or

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<v Speaker 5>when it comes to first quarter EPs that missed estimates

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<v Speaker 5>as well. They also downgraded where they see second quarter

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<v Speaker 5>adjusted EBITDA there. So we're gonna read through this and

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<v Speaker 5>get you more details, but you can see the shares

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<v Speaker 5>higher after hours. We know that it's been a really

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<v Speaker 5>rocky year for Hymns and hers health, especially when you

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<v Speaker 5>think about it the back and forth and now partnership

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<v Speaker 5>with Novo Nordisk.

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<v Speaker 1>Absolutely, and I want to take a look at another

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<v Speaker 1>stock here. Do you remember the New York Times shares?

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<v Speaker 1>He go back to like late nineties, early two thousands,

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<v Speaker 1>and it was this idea that shares are just on

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<v Speaker 1>this steady decline and then something changed big time over

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<v Speaker 1>the last few years, and a lot of that had

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<v Speaker 1>to do with its big push into games, yes, crossword puzzles,

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<v Speaker 1>and of course wordle, which of course became a sensation

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<v Speaker 1>there you know, on the paper, on your app or

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<v Speaker 1>whatever you're gonna call. It's now gonna be an actual

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<v Speaker 1>game show on TV.

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<v Speaker 4>I love it. Can you believe this?

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<v Speaker 3>I love this too. I gotta tell you. I play

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<v Speaker 3>it like every day. My husband sends me it in

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<v Speaker 3>the morning. He plays it as soon. I don't know

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<v Speaker 3>what your word is. I've actually been playing it on

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<v Speaker 3>the train and somebody like looks over my shoulder and

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<v Speaker 3>it's like, you've got to get a better first word.

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<v Speaker 3>I'm like, I like my first word.

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<v Speaker 4>What's your first one? You and you ad I EU.

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<v Speaker 5>Oh, that's a lot of others.

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<v Speaker 4>Doesn't count. It's like, no, you'd be amazed at what

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<v Speaker 4>kind of counts.

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<v Speaker 1>I've never quite figured out how to play this game.

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<v Speaker 1>Remember this was like started by just some like random dude.

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<v Speaker 6>And then yeah, he sold it time, sold it to

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<v Speaker 6>the New York Times.

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<v Speaker 4>After a few months, he did it for his girlfriend.

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<v Speaker 6>He sold it to the New York Times after a

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<v Speaker 6>few months after it sort of went viral for the

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<v Speaker 6>low seven digit figure.

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<v Speaker 1>Love this seven digits.

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<v Speaker 6>So yeah, it reminds me of, you know, kind of

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<v Speaker 6>when when Instagram was sold to Facebook for a billion dollars,

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<v Speaker 6>it seemed like a lot of money. And they've turned

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<v Speaker 6>Facebook has turned that business into such a huge business.

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<v Speaker 6>The New York Times has turned wordle into a huge business.

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<v Speaker 1>And not in just games over anyone who has The

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<v Speaker 1>New York Times that you know, it's like it's just

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<v Speaker 1>like they're they're proliferating. It's like, you know, the little

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<v Speaker 1>gremlin things, you know, you feed it after midnight and

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<v Speaker 1>all of a sudden you wake up and there's like

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<v Speaker 1>twenty new games and Carol's gaming right now.

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<v Speaker 4>I go through like wordle. I do connections. I do

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<v Speaker 4>many like like.

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<v Speaker 1>Connections right, Like the Mini they have they have the

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<v Speaker 1>real crossword puzzle, you know for smart people.

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<v Speaker 6>They have the Mini.

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<v Speaker 1>Now they have what do they call it, the MIDI

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<v Speaker 1>the middle one?

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<v Speaker 4>Now, yes, they have the Mini. It's out of control.

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<v Speaker 4>Exactly when does the stop? I don't love I don't

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<v Speaker 4>love pips though I hate pips.

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<v Speaker 5>I have to say invented It's not just the New

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<v Speaker 5>York Times you think about. LinkedIn also introducing puzzle games

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<v Speaker 5>on their website and their app ap. Bloomberg has the

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<v Speaker 5>Pointed Quiz online, which is very interesting.

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<v Speaker 4>Yeah, Alpha Dots as well. So am I getting this right?

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<v Speaker 3>That the guys from having the games, Katie and you

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<v Speaker 3>and I are.

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<v Speaker 5>I feel like Romaine has games that he plays, but

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<v Speaker 5>perhaps they're different than the games that we play.

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<v Speaker 4>So I got that one right, Tim.

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<v Speaker 5>I don't know what hoing on, but you know, all right.

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<v Speaker 3>Apparently we have to go what a shame funny games

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<v Speaker 3>over now?

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<v Speaker 4>Okay?

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<v Speaker 2>The stock Movers report from Bloomberg Radio. Check back with

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<v Speaker 2>US three out today 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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<v Speaker 2>moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube,

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