WEBVTT - Closing Bell: Palantir Higher, Centene and American Airlines Down Amid Gov. Shutdown

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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 this 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 Stenebeck, Romain Bostick, and Scarlet Foo.

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<v Speaker 3>The S and P five hundred post names in the

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<v Speaker 3>index hired today three hundred and thirteen to the upside

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<v Speaker 3>and Katie one hundred and eighty eight to the downside,

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<v Speaker 3>two unchanged.

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<v Speaker 4>Let's take a look at the sectors as measured by

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<v Speaker 4>my friend the circle, and you can.

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<v Speaker 5>See that again a risk on day.

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<v Speaker 4>Look at Information technology that is bright green, that was

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<v Speaker 4>one of your big gainers, say up about two point

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<v Speaker 4>seven percent as a sector. Communication services also hire by

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<v Speaker 4>about two and a half percent. Consumer discretionary industrials. The

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<v Speaker 4>list goes on in terms of what didn't exactly perform today.

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<v Speaker 4>On the downside, you have consumer staples, real estate and utilities.

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<v Speaker 4>But again that too fixed into this risk on behavior

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<v Speaker 4>that we see.

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<v Speaker 5>All right, I'm going to go to the individual gainers.

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<v Speaker 3>Let's start with Palenteer shares closing almost nine percent higher,

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<v Speaker 3>its best day since April ninth. So that's stock a

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<v Speaker 3>top gainer in the S and P five hundred, also

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<v Speaker 3>the Nasdaq one hundred. Keep in mind they were down

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<v Speaker 3>about eleven percent last week, but jumping in today's session.

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<v Speaker 3>I will point out Michael Burie and his Scion Asset

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<v Speaker 3>Management remember just revealing about one week ago in a

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<v Speaker 3>filing at thirteen a half filing that at the end

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<v Speaker 3>of September it owned a bearish put options on five

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<v Speaker 3>million Palenteer shares with the value of about nine hundred

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<v Speaker 3>twelve million.

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<v Speaker 5>But there's been this back and forth evaluation on this one.

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<v Speaker 3>Many say way way overvalued, and we certainly saw investors

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<v Speaker 3>rethink it last week, but nonetheless investors coming back in

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<v Speaker 3>a big way. Semiconductors I mentioned definitely some outperformance in

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<v Speaker 3>the overall sector today. I got to mention Micron Technology.

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<v Speaker 3>This was one of the outperformers, up about six and

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<v Speaker 3>a half percent in today's session and a top gainer

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<v Speaker 3>in both the S and P and Nasdaq one hundred.

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<v Speaker 5>Micron two was up about six percent last week, even.

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<v Speaker 3>Though the socks was overall down about four percent last week,

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<v Speaker 3>but again investors continuing to move into it.

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<v Speaker 5>You also had TSMC.

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<v Speaker 3>Got to mention that one the ADRs that trade here

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<v Speaker 3>up about three percent. That just bye posting its slowest

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<v Speaker 3>growth in eighteen months amid the AI bubble debate.

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<v Speaker 5>So that's been going on.

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<v Speaker 3>And then I'm just going to mention L Beauty really

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<v Speaker 3>quickly up more than eight percent after announcing today the

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<v Speaker 3>brand's official launch at Alta Beauty in Mexico. And just

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<v Speaker 3>because I don't want Romaine to get on me, I

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<v Speaker 3>got to mention C three AI. That stock just a

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<v Speaker 3>quick bump up as much as twelve percent intra day

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<v Speaker 3>on the news from Reuters that they're exploring a potential

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<v Speaker 3>sale or some other options, but the stock finishing with

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<v Speaker 3>about a three point six percent gain at the close.

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<v Speaker 5>So I'm done all years anything Romain. No, not yet, Tim,

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<v Speaker 5>Let's look that can't wait.

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<v Speaker 6>I want to go with Decliner's. Shares of US healthcare,

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<v Speaker 6>insurance and hospitals fell, including Senten, down eight point eight

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<v Speaker 6>percent today. This as lawmakers come closer to ending a

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<v Speaker 6>government down without securing any extension of the affordable characters.

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<v Speaker 6>This is actually the worst performer on a percentage basis

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<v Speaker 6>in the S and P five hundred now. As part

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<v Speaker 6>of the Senate deal to end the shutdown, Democrats were

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<v Speaker 6>able to obtain a pledge for a separate vote on

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<v Speaker 6>healthcare tax credits in the coming weeks. Oscar Health, did

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<v Speaker 6>they fail for that? We asked this question actually to

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<v Speaker 6>get a trays a little earlier. Yeah, and she's whether

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<v Speaker 6>or not that vote would happen or if Republicans would

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<v Speaker 6>you know, come to the table in good faith? And

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<v Speaker 6>she said she's been that's the question she's been getting

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<v Speaker 6>most from clients this afternoon.

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<v Speaker 5>What does cal she say?

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<v Speaker 6>What are the prediction mark? I haven't pulled it up,

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<v Speaker 6>yeah either right now, but I know what it says.

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<v Speaker 6>What does it say?

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<v Speaker 1>Probably zero?

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<v Speaker 5>Okay?

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<v Speaker 6>Oscar Health an honorable mention, fell seventeen and a half

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<v Speaker 6>percent in other health insurer today. Shares of American Airlines

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<v Speaker 6>also falling today, down two and a half percent. The

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<v Speaker 6>company said weekend operations were challenging amid the government shutdown.

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<v Speaker 1>Challenging.

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<v Speaker 6>I think challenging. Many people who were try to fly,

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<v Speaker 6>regardless of the airline would agree that they were challenging.

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<v Speaker 5>Fourteen. How bad it was?

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<v Speaker 6>We're canceledlmost flew frontier?

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<v Speaker 5>Oh almost almost? Oh wow? Wow? Did you almost?

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<v Speaker 6>Did you almost fire up the jet Romaine? I believe me,

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<v Speaker 6>Trust me.

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<v Speaker 1>I was calling every friend.

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<v Speaker 6>I had, anyone flying north.

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<v Speaker 5>Yeah, pretty much.

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<v Speaker 6>You could have done the show from the I was

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<v Speaker 6>goin to like, you know.

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<v Speaker 1>Stand outside, you know, Balm Beach Airport and just hitchhike.

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<v Speaker 6>I mean there to be fair. Plenty of planes are

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<v Speaker 6>going that way. I always think about that. You could

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<v Speaker 6>have looked at an empty leg or something. Anyway, another

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<v Speaker 6>few numbers here to just think about. American Airlines government

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<v Speaker 6>shutdown canceling fourteen hundred flights. The company saw over fifty

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<v Speaker 6>seven thousand delay minutes, according an email statement by David Seymour,

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<v Speaker 6>the company's COO. They also said that two undred and

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<v Speaker 6>fifty thousand customers were affected. Separately, Bloomberg's second measure out

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<v Speaker 6>with some data that drew from a sample of credit

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<v Speaker 6>and debit card purchases made by US customers, and it's

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<v Speaker 6>said that transactions observed by Second Measures showed the biggest

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<v Speaker 6>decline among airlines companies for the month ending October. That

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<v Speaker 6>was America Airlines down six and a half percent from

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<v Speaker 6>a year earlier, and finally met Sarah Schers, falling by

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<v Speaker 6>close to fifteen percent today. This after Novo Nordis declined

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<v Speaker 6>to further raise its offer for the company they make

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<v Speaker 6>experimental weight loss drug. That bidding more between Pfeiser and

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<v Speaker 6>Novo Nordists coming to an end, Pfeiser getting victorious. We

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<v Speaker 6>spoke to Bob Langreth about this. He's got a great

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<v Speaker 6>piece on the Bloomberg terminal about how this deal came

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<v Speaker 6>together with a little help from the US Federal Trade Commission.

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<v Speaker 1>We should point out yields actually slightly higher on the

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<v Speaker 1>day despite what the market seems to think, which is

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<v Speaker 1>that we are going to get some more rate cuts

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<v Speaker 1>given the state of the economy and the potential of

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<v Speaker 1>that government shut down to end. Meanwhile, we are keeping

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<v Speaker 1>an eye on earnings. We're waiting to hear from core Weave,

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<v Speaker 1>and we're starting to get a trickle of news right

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<v Speaker 1>now on Paramount sky Dance. I don't actually have the

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<v Speaker 1>numbers for you just yet, but reading through the shareholder

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<v Speaker 1>letter that they've put out, they're talking a lot about

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<v Speaker 1>the cost cutting and efficiencies that they've seen. The company

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<v Speaker 1>says that it sees about three billion dollars plus in

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<v Speaker 1>total efficiencies now. And what they're saying is the first

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<v Speaker 1>one hundred days since they basically closed out on that deal.

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<v Speaker 1>The company also talks about investing in the business. And

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<v Speaker 1>get this, they're also talking about implementing price increases in

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<v Speaker 1>the United States early in the first quarter of twenty

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<v Speaker 1>twenty six. So, of course David Ellison, who is just

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<v Speaker 1>now sort of taking control over this company, putting a

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<v Speaker 1>stamp on it, looking to raise potential prices there on

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<v Speaker 1>its customers and scale back costs to a certain degree.

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<v Speaker 1>Three billion dollars in efficiencies. That's up from the two

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<v Speaker 1>billion dollars that the company had previously telegraphed. And now

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<v Speaker 1>learning that the company plans to reduce its workforce by

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<v Speaker 1>an additional sixteen hundred employees.

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<v Speaker 4>Let's put a pin in paramount right now and quickly

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<v Speaker 4>talk about the real, real reporting earnings. Here you can

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<v Speaker 4>see shares are actually soaring after hours. They boosted their

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<v Speaker 4>full year revenue forecast. They also beat estimates. When it

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<v Speaker 4>comes to the look behind, let's start there. The third

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<v Speaker 4>quarter adjusted loss for Sure coming in at four cents.

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<v Speaker 4>The estimated loss for Sure had been for five point

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<v Speaker 4>six cents, so a little bit narrower then expected. Did

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<v Speaker 4>you think about the look ahead to hear the real

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<v Speaker 4>reel season fourth quarter revenue one hundred and eighty eight

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<v Speaker 4>million dollars to one hundred and ninety one million dollars.

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<v Speaker 4>The estimate had been for one hundred and seventy nine

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<v Speaker 4>point five million dollars, so that range ahead of the estimate.

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<v Speaker 4>You can see the real reel again. Shares now up

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<v Speaker 4>about ten percent after hours.

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<v Speaker 2>This stock moover'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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<v Speaker 2>moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube,

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