Broadcasting live to New York, Bloomberg eleventh bo to Washington, d C. Bloomber to Boston, Bloomberg twelve hundred to San Francisco, Bloomberg nine sixty to the countries. Who is a jam General one nine and around the globe the Bloomberg Radio plus NAP and Bloomberg dot Com. This is taking stock, coming upon taking stockward to take stock of the wine industry. Unfavorable weather in Napa Valley has caused the harvest to decline nearly compared to two thousand and fifteen. We're gonna
find out what that means for Napa wine producers. But we're talking to a woman who can you imagine anyone hundred from Robert Parker on the rating for your wine? I want to taste that cabernet. We're gonna taste of that. Coming up first, we're going to Charlie Pellet in the Bloomberg news room for a Bloomberg Business Flash. And thank
you very much, Kathleen, Thank you, Phim. We are on track for a record with the doll the SMB nez back All Advancing SMP five hundred index now at seven it is up thirty points a gain of one point four percent. The SMP five hundred index trading above it's made two thousand fifteen record clothes. June's strong jobs report probably will not change the Fed's decision on when to raise interest rates. That's according to Bill Gross of Janice
Capital Group, who's interviewed this morning on Bloomberg Surveillance. And you know, I think the Feds stays where it is. They they've wanted to raise interest rates, they did it once. I think they want to have this believe that they'll raise several times and therefore have a pretty positive meal curve, which will help banks and insurance companies spent. For the most part, I don't think this changes much the labor departments. That employers added two hundred eighty seven thousand jobs, far
more than economists surveyed by Bloomberg were expecting. The jobless rate did rise to four point nine percent. Is more people enter the labor force. Wages advanced less than projected. Let's take a look at the numbers here. We've got the SMP up thirty at twenty one twenty eight, a gain of one point four percent. Down dust reels up two hundred forty one points to eighteen thousand, one hundred
thirty seven. Again there of one point four percent. Navs stack picking up seventy five points to forty nine fifty two, a gain of one and a half percent. The tenure up six thirty seconds. Zeal now one point three six percent, Gold of a dollar twenty the ounce advancing point one percent to thirteen sixty three. West Texas intermediate crude is now at forty five dollars and fourteen cents a barrel. It is three thirty two on Wall Street. Now, let's take a look at other news from around the world
on Bloomberg Radio. Thank you, Charlie from the Bloomberg News Room. I'm Chill Schneider. U S. Attorney General Loretta lynch says the nation mourns for all those killed in shooting this past week. She spoke at the Justice Department this morning. Everything we must remind ourselves that we're all American, and that as Americans, we share not just a common land, but a common life, not just common goals, but a
common heart and soul. President Obama has ordered all American flags on federal grounds to be flown at half staff in honor of the five Dallas police officers gunned down last night. Mr Obama is in more Saw, Poland, where he spoke about the attacks. We need of those officers who do their job each and every day, protecting us and protecting our communities. Today is a wrenching reminder of the sacrifices that they make for US. President Obama called
the attack vicious and calculated. A suspect in last night's killings has been identified, according to multiple media reports. He is twenty five year old Micah Xavier Johnson. Johnson reportedly served in the Army Reserve as a carpentry and masonry specialist. He was killed by an explosive strapped to a police robot after hours of negotiating with police. The New York Times reports he appears to be the lone gunman. However,
three other suspects are being detained by police. The NYPD is stepping up security for its officers in the wake of the Dallas attack. The nation's largest police department said today it's using additional footposts and other measures to protect precincts. Officers are also being worn to remain vigilant and to patrol in pairs. Global News twenty four hours a day, powered by more than journalists and analysts in more than
one twenty countries. From the Bloomberg newsroom, I'm Jil Schneider, Charlie, and we thank you and again recapping S and P five hundred index up twenty nine points to a gain of one point four percent. I'm Charlie Palatin. That's a Bluebird business flash. Bloom were taking stock the lux life goal Jewls. I claimed properties and valuable nature. Now that you live in that house, can I be your financial advisor? It's good to be king. I thought of your right
and I've right out in. Remember how much I wanted a big backyard with Grecian statue shaped hedges and three swimming cold well, I got that to Bloomberg taking Stock the Lucks Life on Bloomberg Radio. A perfect score worth more than gold, it seems maybe worth platinum. Were very happy to welcome to taking Stock Now Catherine Hall to talk about Hall Winery in Napa Valley Valley. She is owner and vintner actually as well. Along with her husband.
She's a former United States Ambassador at Austria. She's someone who jumped in to the Napa Valley uh Wine Wine World with her husband more than a couple of decades ago, and here they are unveiling a new platinum collection and continuing to celebrate that perfect score they got for their Cabernet Sauvignon and a new book, A Perfect Score, The Art, Soul, and Business of a twenty one century Winery. Katherine, Welcome
to the show. Hi, Kathleen, thank you well. So, first of all, you've had to you've had a long career. But tell us specifically about Hall in Napa Valley what it is that is so unique about your operation and therefore your wine. Ah, we are, we're a rather large, small boutique winery. I think that probably is one of the things that Makescess very unique. There are a lot of great producers of wine that come from Napa Valley, and what we've tried to do is create that is
I think unique to us. UM is to create a portfolio of wine sort of very vineyard specific, so that we um we try to celebrate this um the specific characteristics that come from each vineyard. I mean, you'd be amazed at how a hundred yard one vineyard a hundred yards from another vineyard can produce a wine if you
nurture properly. It's very different from the one immediately adjacent, and even within one one vineyard, we can find certain rows of vines that can produce wines that have different qualities. So we try to make we make a lot of different wines rather than one very large production wine, and so that each of those wines are um really responsive to the specific terre of the vineyard that the wine comes from. Catherine Hall Hall Wineries in Sant Helena and Rutherford.
You chose Napa Valley Valley because you wanted to produce the world's best cabernet. Tell us what it's what it takes to make the world's the best cabernet and how does it cost? What it cost? The joke, of course is it takes a big fortune to make a small fortune. But we um it takes most of all, I think just takes a lot of hard work, takes a lot
of time, and it takes an incredibly talented staff. Um. So we came to We came to Napa for to produce cabernet because that's the place that we think that I think really is the greatest cabinet in the world. And it's um. It certainly has its own qualities and I mean, if you want, if you like a cabinet that's really rich and flavorful and and and just full of fruit um, but still nuanced. I think Napa Valley is the best place to do that. So what we
did is we came here. I actually grew up in the business, but we were up in Mendocino County, which is a little farther north of Napa Valley, and Gwen Craig and I started our business together rather than the one that my parents were in. We said, Okay, we're gonna look for the very best thing is we can find. So we started looking at hillside vineyards in particular in Napa and then and then we started trying to figure out who are the you know, sort of help finding
some winemakers that we could work with. It would really be very talented and creative and willing to take risk. I think risk is a very important part of any kind of successful business, and it certainly is an important part of the wine business. So Clatform, could you please tell us about the new platinum collection? And do you have another another hundred rank air from Robert Parker? And
how much how much one of these battles cost us? Oh, well, the first thing is you have to be on a lift because it's allocated and um, so we will start to release him right now. We're putting people's names on a list. We do if the platinum collection is this sort of we think the pinnacle of all the wines that we have made thus far in the industry. And they are very small production, just maybe a hundred cases,
sometimes a little bit more than a hundred cases. But uh, and the cost is going to be U around three dollars a bottle, um. But but it will be allocated. In some cases it's only one bottle to a person. And and how you get him is that you come on and you come on our website, which is Hall Wines dot com, and put your name on a list, and then we go in sort of a priority order of um, just timing who is on their first or who has bought these wines from us before, and then
we start to allocate the wine out. Um. What goes into making these lines and one of those lines is another perfect score me. But the book we wrote, um is it was about the first wine that we made, this sort of twenty year journey into creating a wine that would get creating a business where we didn't know how to sell wine, who would buy it, and even who who in a restaurant, We're going to have to leave it there. We've got to run owner of Hall
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