Latest / Bloomberg Intelligence / Bloomberg's Wilson on Winners, Losers, Stock of the Day (Audio)

Transcript

Bloomberg's Wilson on Winners, Losers, Stock of the Day (Audio) · Bloomberg Intelligence

• 0:03
  Speaker 1: Global business news twenty four hours a day. If Bloomberg
• 0:06
  Speaker 1: dot com the radio plus mobil and on your radio,
• 0:10
  Speaker 1: this is a Broomberg business flash. And there you have
• 0:13
  Speaker 1: its sound of the closing bell of the New York
• 0:15
  Speaker 1: Stock Exchange stocks closing at the worst level of the session.
• 0:18
  Speaker 1: Folks from Third Street Music School Settlement ringing that closing bell.
• 0:22
  Speaker 1: Stocks move lawer banks under pressure, and we are brought
• 0:26
  Speaker 1: to you by the American Arbitration Association. Business disputes are
• 0:31
  Speaker 1: inevitable resolve faster with the American Arbitration Association, the global
• 0:35
  Speaker 1: leader in alternative dispute resolution for over eighty five years,
• 0:39
  Speaker 1: more than a d R dot Org. Traders bracing for
• 0:44
  Speaker 1: a heated US presidential debate tonight have another element to
• 0:48
  Speaker 1: contend with, and that is the global sell off in banks.
• 0:51
  Speaker 1: Right now, we have got Deutsche Bank at the bell,
• 0:53
  Speaker 1: down seven point one percent, equities wiping out their monthly advances.
• 0:57
  Speaker 1: Deutsche Bank tumbled to a record low on speculation Germany's
• 1:02
  Speaker 1: largest lender would need to raise capital. The SMP five
• 1:06
  Speaker 1: hundred index down eighteen to twenty one forty six, a
• 1:09
  Speaker 1: drop of nine tenths of one percent down. Industrials down
• 1:12
  Speaker 1: a hundred and sixty four points to eighteen thousand, ninety seven,
• 1:15
  Speaker 1: a drop also of nine tenths of one percent, as
• 1:18
  Speaker 1: stackdown forty eight that to a drop of nine tenths
• 1:21
  Speaker 1: of one percent. People familiar with the matter say the
• 1:23
  Speaker 1: Walt Disney Company is working with a financial advisor to
• 1:27
  Speaker 1: evaluate a possible bid for Twitter. Sarah Fryer and Alex
• 1:31
  Speaker 1: Sherman broke the story for Bloomberg News and right here
• 1:33
  Speaker 1: on taking stock. Sherman told us there is logic in
• 1:37
  Speaker 1: a tie up from Disney's perspective. Disney has recently invested
• 1:41
  Speaker 1: in Major League Baseball's what was formerly Major League Baseball's
• 1:46
  Speaker 1: technology to stream videos. So clearly Disney is taking a
• 1:49
  Speaker 1: look at this idea of live streaming video, and maybe
• 1:52
  Speaker 1: Disney can use Twitter as sort of its own platform
• 1:56
  Speaker 1: to promote its own video. Disney owns Monday Night football
• 2:00
  Speaker 1: rights for two or so, so they already have a
• 2:03
  Speaker 1: football contract there. There's some roging, and Disney shares up
• 2:07
  Speaker 1: today by our actually Disney lord today by one point
• 2:10
  Speaker 1: four percent. It was Twitter that advanced hired today by
• 2:12
  Speaker 1: three point three percent, and the four oh two on
• 2:15
  Speaker 1: Wall Street. Now, let's take a look at other news
• 2:18
  Speaker 1: from around the world. Charlie, Thank you from the Bloomberg
• 2:21
  Speaker 1: News Room by Mark Crumpton. Hillary Clinton and Donald Trump
• 2:25
  Speaker 1: meet tonight in their first presidential debate, and a new
• 2:28
  Speaker 1: Bloomberg Politics national polls shows them tied in a two
• 2:31
  Speaker 1: way race. The survey has the candidates each with forty
• 2:35
  Speaker 1: six percent. When third party candidates are included, Trump leads
• 2:39
  Speaker 1: Clinton forty percent to forty one percent. David Pluff was
• 2:43
  Speaker 1: Barack Obama's campaign manager in two thousand and eight. He
• 2:46
  Speaker 1: says Clinton has her work cut out for her, the
• 2:49
  Speaker 1: huge opportunity for us. She's not the best speechmaker in
• 2:51
  Speaker 1: the world. She's not a great retail politician, particularly compared
• 2:54
  Speaker 1: to her husband. Sarah Huckabee is a senior advisor to
• 2:57
  Speaker 1: the Trump campaign. He's gonna talk about his passion for
• 3:02
  Speaker 1: America and putting America first. I think we're gonna see
• 3:05
  Speaker 1: a lot of just who Donald Trump is. Uh. He's
• 3:08
  Speaker 1: not a poll tested, scripted career politician, and that contrast
• 3:12
  Speaker 1: on this stage will be very start tonight. Send up.
• 3:14
  Speaker 1: Majority leader Mitch McConnell says lawmakers will vote Wednesday and
• 3:18
  Speaker 1: an effort to override President Obama's veto of legislation to
• 3:22
  Speaker 1: let families of nine eleven victims sue the Saudi government.
• 3:26
  Speaker 1: President says the law could leave US officials open to
• 3:29
  Speaker 1: lawsuits in foreign courts. The Justice Department's awarding more than
• 3:33
  Speaker 1: twenty million dollars to law enforcement agencies to help them
• 3:37
  Speaker 1: add to or improve their use of body cameras. For
• 3:40
  Speaker 1: the first time in eighty years. Of farm and Upstate
• 3:42
  Speaker 1: New York is legally growing cannabis, but it's not for
• 3:46
  Speaker 1: smoking the time, says j D Farms is growing industrial hemp,
• 3:50
  Speaker 1: which can be used to make everything from flower to plastics.
• 3:54
  Speaker 1: Global News twenty four hours a day, powered by more
• 3:57
  Speaker 1: than twenty journalists and analysts and over one twenty countries.
• 4:02
  Speaker 1: I'm Mark Crumpton. This is Bloomberg, Charlie, and we thank
• 4:06
  Speaker 1: you and again recapping moved floor for US equities today
• 4:09
  Speaker 1: with the SMP five hundred index slumping eighteen points, down
• 4:13
  Speaker 1: nine tenths of one percent down, Industrials down a hundred
• 4:16
  Speaker 1: and sixty six, also down nine tenths of one percent.
• 4:19
  Speaker 1: I'm Charlie Pealett, and that's a Bloomberg Business flash move around.
• 4:24
  Speaker 1: Morten Greate promotion a move like they do. I've never
• 4:31
  Speaker 1: seen anyone move that back hard people. Let's move to
• 4:37
  Speaker 1: get a purpose. That we called movers and shakers. It
• 4:45
  Speaker 1: costs a little more about that name. Cracked me up.
• 4:53
  Speaker 1: Bloomberg taking Stock Movers and Shakers with Pim Fox and
• 4:57
  Speaker 1: Kathleen As on Bloomberg Radio, a special edition of Taking
• 5:03
  Speaker 1: Stock Today. We're broadcasting live from Midtown Manhattan from the
• 5:07
  Speaker 1: offices of Eisner Amper. Doesn't take our eye off the
• 5:11
  Speaker 1: movers and shakers today, though, I'm gonna go inside the
• 5:13
  Speaker 1: sp five hund it really quick for a look at
• 5:16
  Speaker 1: how the markets stacked up definitely to the downside, with
• 5:18
  Speaker 1: four hundred and four losers, ninety eight gainers, just three
• 5:22
  Speaker 1: companies with their share prices closing un changed. Dave Wilson
• 5:26
  Speaker 1: is black up Bloombrick World headquarters here in New York City.
• 5:28
  Speaker 1: To kick it off for us, I want to talk
• 5:30
  Speaker 1: about Deutsche Bank, if only because what's going on at
• 5:33
  Speaker 1: that company sort of had follow on effects on bank
• 5:38
  Speaker 1: stocks on both sides of the Atlantic. UH Germany's Focus
• 5:41
  Speaker 1: magazine reporting Chancellor Angela Merkell ruled out state funding for
• 5:45
  Speaker 1: the bank before elections next September They also reported that
• 5:50
  Speaker 1: Merkel won't get involved in the bank's legal dispute with
• 5:52
  Speaker 1: the US the Justice Department seeking fourteen billion dollars to
• 5:57
  Speaker 1: settle mortgage securities cases brought against Deutsche Bank. Now German
• 6:02
  Speaker 1: government spokesman said there's no grounds for financing speculation. Nonetheless,
• 6:06
  Speaker 1: Deutsche Bank with a loss of seven point one percent
• 6:10
  Speaker 1: in US trading. I'll talk about the shares of a
• 6:14
  Speaker 1: Ray bio Farma. The shares higher by nearly eighty two percent.
• 6:19
  Speaker 1: This move comes after the company said it's treatment for
• 6:22
  Speaker 1: a form of skin cancer showed promising first results in
• 6:26
  Speaker 1: a final stage study. Arraysed treatment targets melanoma and melanoma
• 6:31
  Speaker 1: is one of the most common and deadly cancers in
• 6:34
  Speaker 1: the United States, with more than seventy six thousand new
• 6:37
  Speaker 1: cases and ten thousand deaths annually. Array bio Farma the
• 6:43
  Speaker 1: shares higher today by more than eighty percent. Well, I
• 6:47
  Speaker 1: just want to take a look at Callaway Golf today
• 6:50
  Speaker 1: as the King of Golf, Arnold Palmer passes away at
• 6:54
  Speaker 1: the age of seven. Considered one of the greatest professional
• 6:58
  Speaker 1: golfers of this air, A trailblazer, he was one of
• 7:02
  Speaker 1: the ones who came of age and helped popularize and
• 7:06
  Speaker 1: commercialize the sport when television took over from the nineteen
• 7:10
  Speaker 1: fifties forward. And UH interesting to some of the commentators
• 7:14
  Speaker 1: are saying that as sad as the death of anold
• 7:16
  Speaker 1: Palmer is, that could provide a lift for Callaway Golf,
• 7:19
  Speaker 1: which bought the rights to Palmer's name an image regarding
• 7:22
  Speaker 1: golf project products he's met in two thousands. Will be
• 7:25
  Speaker 1: interesting to see what happens with Callaway Golf. But I
• 7:28
  Speaker 1: think anybody who is a golf fan or a sports
• 7:30
  Speaker 1: fan is is single bye to Arnold Palmer Today of
• 7:32
  Speaker 1: the share price down just a little bit for Callaway
• 7:34
  Speaker 1: ten cents and eleven dollars and sixty three cents, I
• 7:37
  Speaker 1: want to mention Restaurant Brands International. This is the company
• 7:40
  Speaker 1: that owns Burger King and Tim Horton's UH three G
• 7:44
  Speaker 1: capital of the controlling shareholder Bill Akman's Pershing Square has
• 7:49
  Speaker 1: a substantial steak as well. Restaurant Brands cut to the
• 7:52
  Speaker 1: equivalent of self from neutral at the institutional firm Longbow
• 7:57
  Speaker 1: Research UH Longbow setting sign that Burger King's growth in
• 8:01
  Speaker 1: sales and new stores is slowing. H you put that
• 8:05
  Speaker 1: together restaurant brands to take on this one. Q s
• 8:09
  Speaker 1: R is a quick serve restaurants down three point one percent,
• 8:13
  Speaker 1: and I'll talk about the shares a Carnival Cruise Lines
• 8:16
  Speaker 1: down one point to six percent, despite the company saying
• 8:20
  Speaker 1: that first half fiscal cumulative advanced bookings are ahead of
• 8:25
  Speaker 1: prior year at considerably higher prices. Fairs were higher in
• 8:30
  Speaker 1: early morning trading but turned lower, perhaps for profit taking
• 8:34
  Speaker 1: once again to shares of Carnival Cruise Lines down one
• 8:37
  Speaker 1: point six percent. Just a quick look at Twitter and Disney,
• 8:40
  Speaker 1: as Walt Disney reportedly looking at a post bid for Twitter.
• 8:44
  Speaker 1: Triffic story broken by our own Bloomberg News due Alex
• 8:48
  Speaker 1: Sherman and Sarah Fire's interesting Piana. Here at the Eisner
• 8:52
  Speaker 1: amper Uh event today, we spoke to Sam Sad, who
• 8:56
  Speaker 1: is the founder and CEAT of Megalith Capital Management, who
• 8:58
  Speaker 1: had a career in media before he got into real
• 9:00
  Speaker 1: the state. He said to him, this deal makes sense,
• 9:01
  Speaker 1: the streaming rights, all the four A into sports another
• 9:04
  Speaker 1: thing through ESPN. He gave it this deal thumbs up
• 9:06
  Speaker 1: today and investors again boosting Twitter but not so positive
• 9:11
  Speaker 1: on Disney. Just indeed, all Right now, it's time for
• 9:13
  Speaker 1: the Volatility Index Report. It's brought to you by the
• 9:16
  Speaker 1: c VOE VIX Options and Futures. Volatility can be harnessed
• 9:20
  Speaker 1: with CBOE VIX options and Futures c disclosures. Learn more
• 9:23
  Speaker 1: at cvo E dot com Slash Powerful Outcomes VIX. Taking
• 9:28
  Speaker 1: a look at the VIX, it moved higher today. It
• 9:31
  Speaker 1: surged by more than seventeen percent. It was up two
• 9:34
  Speaker 1: point to one, settling at fourteen point five. Oh. The
• 9:39
  Speaker 1: move in higher volatility can also be attributed to people's
• 9:42
  Speaker 1: concerns over the outcome of tonight's presidential debate. And just
• 9:47
  Speaker 1: to note that Bloomberg's coverage Bloomberg Politics coverage of the
• 9:52
  Speaker 1: debate will be carried live streaming on Twitter. Alright, my
• 10:00
  Speaker 1: name is Dave. Just what do you think you're doing today?
• 10:06
  Speaker 1: We're going for Dave, Dave Well. I bet a lot
• 10:14
  Speaker 1: of investors in lands and Dave wish they would have
• 10:17
  Speaker 1: gotten that note from the CEO that he was about
• 10:20
  Speaker 1: ready to leave the company. Kind of tough on the
• 10:23
  Speaker 1: stock today, right, Yeah, it definitely was in fair mind.
• 10:26
  Speaker 1: Lands End is a casual wear maker and retailer SPAF
• 10:29
  Speaker 1: about two and a half years ago by Sears Holdings
• 10:32
  Speaker 1: UH Sears chief executive Eddie Lampert and his hedge fund
• 10:35
  Speaker 1: on most of the company's shares lands and trades under
• 10:38
  Speaker 1: the ticker l E. Stock peaked at fifty six hours
• 10:41
  Speaker 1: and twenty five cents in December and plunged fifty seven
• 10:45
  Speaker 1: percent last year as quarterly results were disappointing. The lossest
• 10:49
  Speaker 1: man at this year, and the share set a record
• 10:51
  Speaker 1: low in July. Now lands End had attempt at a rebound,
• 10:56
  Speaker 1: and then again. It was set back today after Chief
• 10:58
  Speaker 1: executive Federica Marcioni resigned. She lasted less than two years
• 11:03
  Speaker 1: after arriving from Dolce and Gabana's US unit. Marcioni's departure
• 11:08
  Speaker 1: followed three straight quarterly losses accompanied by falling sales. Lands
• 11:13
  Speaker 1: End named the two executives as co interrom CEOs, Chief
• 11:17
  Speaker 1: Merchandizing and Design Officer Joseph Boitano and Chief Operating and
• 11:21
  Speaker 1: Financial Officer James Gooch. The management change prompted c L
• 11:25
  Speaker 1: King and Associates to cut its rating to neutral from by.
• 11:27
  Speaker 1: It also prompted some investors to sell the stock. Lands
• 11:31
  Speaker 1: End suffered as biggest one day loss in twenty months,
• 11:34
  Speaker 1: as the shares fell fourteen percent. Thank you very much,
• 11:39
  Speaker 1: Dave Wilson, Bloomberg Stocks Thomas go ahead send him an
• 11:42
  Speaker 1: email at d Wilson at Bloomberg dot net sign up
• 11:46
  Speaker 1: for his daily free email newsletter. There's a special edition
• 11:50
  Speaker 1: of Bloomberg Taking Stock with broadcasting live from Midtown Manhattan
• 11:53
  Speaker 1: from the offices of her as they prepare for their
• 11:56
  Speaker 1: fourth annual Real Estate Private Equity Summit. Keynote speaker Sam's
• 12:01
  Speaker 1: ll that's Wednesday. This is Bloomberg. Bloomberg Taking Stock is
• 12:07
  Speaker 1: brought to you by m Y Soffra Bank, a leading
• 12:09
  Speaker 1: name in banking with one hundred fifty years of family
• 12:12
  Speaker 1: knowledge and exclusive banking services. Stopping at four ninty Nank
• 12:15
  Speaker 1: Park Avenue or visit m Y Saffra dot com member
• 12:18
  Speaker 1: f D I C.