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

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  Speaker 1: Global business news twenty four hours a day at Bloomberg
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  Speaker 1: got the radio flash mobile left stand on your radio.
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  Speaker 1: This is a Bloomberg Business flat from Bloomberg World Headquarters.
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  Speaker 1: I'm Charlie Pellett. Another record close for the Dow, Jones
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  Speaker 1: Industrial Average and the SMP five hundred index. Folks from
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  Speaker 1: UNI Labor ringing that closing bell stocks gaining for a
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  Speaker 1: fifth day to extend records as speculation grew for looser
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  Speaker 1: global monetary policies, while a better than forecast profit report
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  Speaker 1: from JP Morgan Chase boosted optimism for bank earnings. SMP
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  Speaker 1: five hundred index advancing eleven to twenty one sixty three.
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  Speaker 1: That is a gain of five tenths of one percent.
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  Speaker 1: The nez stack Compositive index up twenty eight points. Again
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  Speaker 1: they are of six tenths of one percent down Industrials
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  Speaker 1: rattling one hundred thirty two points to close at eighteen thousand,
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  Speaker 1: five hundred four on the Dow. That was a gain
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  Speaker 1: of seven tenths of one percent. Tenure down seventeen thirty
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  Speaker 1: second is the yield there one point five three percent,
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  Speaker 1: and gold down bend the thirteen thirty four a drop
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  Speaker 1: of seven tenths of one percent. JP Morgan Chase, the
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  Speaker 1: biggest American bank by assets, said second quarter profit fell
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  Speaker 1: one point four percent, beating analysts estimates as fixed income
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  Speaker 1: trading revenue and loan growth jumped. JP Morgan Chase up
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  Speaker 1: today by one and a half percent. Fred Cannon is
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  Speaker 1: with Keith Bryanton Woods and right here on taking stock,
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  Speaker 1: he talked about trading revenue at JP morgan Chase. Well
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  Speaker 1: one of the things that Brexit did was an increased
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  Speaker 1: volatility near the end of the quarter, and so we
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  Speaker 1: saw trading pick up. It had already been a bit
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  Speaker 1: better than the first quarter of quite a bit better
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  Speaker 1: actually the first quarter, and then we got a little
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  Speaker 1: surge there at the end that got us a nice,
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  Speaker 1: nice beat on trading. And again JP Morgan Chase up
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  Speaker 1: one and a half percent. City Group Wells Fargo report
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  Speaker 1: tomorrow Germany's buyer raising its offer from Monsanto and a
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  Speaker 1: bid the value shares of the U S company at
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  Speaker 1: fifty four point seven billion dollars. Monsanto up today by
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  Speaker 1: three point one percent. Crude oil of one and a
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  Speaker 1: half percent forty six a barrel for West Texas Intermediate
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  Speaker 1: so again recapping records on the SMP five hundred index
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  Speaker 1: and the Dow Industrials SMP up eleven a game there
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  Speaker 1: of five tenths of one per cent. It is four
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  Speaker 1: o two on Wall Street. Now, let's take a look
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  Speaker 1: at some of the other stories making news. Charlie, thank
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  Speaker 1: you from the Bloomberg news Room by Mark Crumpton. Donald
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  Speaker 1: Trump is closing in on his running mate selection, with
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  Speaker 1: reports pointing to Indiana Governor Mike Pence. One Republican close
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  Speaker 1: to Pence says the campaigns preparing to announce him as
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  Speaker 1: the VP candidate, but at last minute change of heart
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  Speaker 1: by Mr Trump is still possible. Spokesman Jason Miller says
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  Speaker 1: Trump hasn't made his decision yet and the campaigns planning
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  Speaker 1: an announcement in New York City Friday morning. Meantime, the
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  Speaker 1: Indianapolis Star reports Pence has dropped his reelection bid for governor.
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  Speaker 1: Hillary Clinton attended a weekly luncheon with Senate Democrats on
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  Speaker 1: Capitol Hill and briefed them on her campaign. Mrs Clinton
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  Speaker 1: was joined by some former colleagues as well as potential
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  Speaker 1: vice presidential choices, including Elizabeth Warren of Massachusetts, Sheared Brown
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  Speaker 1: of Ohio, and Tim Kine of Virginia, who appeared with
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  Speaker 1: Mrs Clinton today in Arlington. Secretary of Stage John Cary's
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  Speaker 1: marking the first anniversary of the Iran nuclear Deal. He
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  Speaker 1: says it's to five detractors and improved global security, but
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  Speaker 1: he says there's still work to be done. There are
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  Speaker 1: continuing issues. Nobody pretends that some of the challenges we
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  Speaker 1: have with Iran have somehow been wiped away. At the
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  Speaker 1: British Open, Phil Mickelson has become the twenty six player
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  Speaker 1: in Major Championship history to shoot a sixty three. That's
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  Speaker 1: a course record. Westchester County officials are weighing a proposal
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  Speaker 1: to fill in the public pool at Playland Park. County
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  Speaker 1: Executive Rob Astorino says the two point six million dollar
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  Speaker 1: project would avoid a costly plan to fix it. Officials
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  Speaker 1: say about twenty five thousand people visit the pool each season.
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  Speaker 1: Global News twenty four hours a day, powered by more
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  Speaker 1: than twenty journalists and an US in more than one
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  Speaker 1: hundred twenty countries. I'm more Crumpton, this is Bloomberg, Charlie,
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  Speaker 1: and we thank you and again recapping move higher today
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  Speaker 1: for stocks S and P five hundred index at twenty
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  Speaker 1: one sixty three. That is a record up eleven points,
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  Speaker 1: a gain of five tenths of one percent. Down Industrial
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  Speaker 1: is up one thirty four points, a gain of seven
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  Speaker 1: tenths of one percent. I'm Charlie Pellett, and that's a
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  Speaker 1: Bloomberg business. Flash move around most and create some motion.
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  Speaker 1: I move, you move like they do. I've never seen
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  Speaker 1: anyone move that back. Five people, let's move like to
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  Speaker 1: get a purpose. That was called movers and shakers. They
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  Speaker 1: cost a little more about that name. Cracked me up.
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  Speaker 1: Bloomberg taking stock Movers and Shakers with Pim Fox and
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  Speaker 1: Kathleen eas On Bloomberg Radio. Movers and Shakers for Thursday,
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  Speaker 1: July of the fourteenth, by Steele Day sixteen. Dave Wilson,
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  Speaker 1: Bloomberg Stocks. Thomas joins me now to begin our movers
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  Speaker 1: and shakers, Dave. We had five companies in the SMP
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  Speaker 1: five hundred report Earnings today. Talked about JP, Morgan Chase
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  Speaker 1: already and their numbers, which were well received. But the
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  Speaker 1: biggest game among those five companies in terms of the
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  Speaker 1: share price, that would be Delta Airlines, the carrier. Second
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  Speaker 1: quarter earnings exceeded analysts average estamate in the Bloomberg survey.
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  Speaker 1: And beyond that, Delta said it's cutting flights between the
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  Speaker 1: US and the UK because of a Brexit driven drop
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  Speaker 1: in the British pound, and reducing capacity does have a
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  Speaker 1: way of leading to increased fares. It's that old supply
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  Speaker 1: demand equation at work. Delta shares a three point six
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  Speaker 1: percent in today's trading, and other US airlines that fly
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  Speaker 1: that route a rose even more American with a Game
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  Speaker 1: of four point two percent and United counting all up
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  Speaker 1: four point three percent. I'm gonna tell you about the
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  Speaker 1: shares of MetLife. Many of the insurers moving higher today.
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  Speaker 1: MetLife up more than four and a half percent. It's
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  Speaker 1: been outperforming its insurance peers in active trading, and the
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  Speaker 1: call volume, particularly for MetLife has been above a normal
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  Speaker 1: and has been indicating a bullish trend once again. Shares
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  Speaker 1: of MetLife up more than four and a half percent. Well,
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  Speaker 1: we should note that we had an initial public offering
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  Speaker 1: start trading today, and that would be Line Corporation. It's
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  Speaker 1: a Japanese mobile messaging service. They did a one point
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  Speaker 1: three billion dollar initial public offering earlier this week, mostly
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  Speaker 1: in the US, and the shares began trading here today
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  Speaker 1: in the form of American depositary receipts. We're talking about
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  Speaker 1: the biggest I P O for a technology company this year,
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  Speaker 1: and one was well received it. It turns out the
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  Speaker 1: stock with a gain of almost twenty seven percent in
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  Speaker 1: its first day of trading, Devon Energy. The shares down
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  Speaker 1: today by about one and a half percent. Devon Energy
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  Speaker 1: has agreed to sell its fifty percent stake in Canada's
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  Speaker 1: Access Pipeline to the Canada Pension Plan Investment Board backed
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  Speaker 1: Wolf midstream price tag one point one billion dollars. According
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  Speaker 1: to Devon's chief executive officer, Dave Hagar. He says that
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  Speaker 1: this is a highly creative sale and that Devon's divestiture
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  Speaker 1: program is now complete with proceeds totally three point two billion. Nevertheless,
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  Speaker 1: shares of Devon Energy down one and a half percent today. Well,
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  Speaker 1: since you're talking pipelines, we should talk about the day's
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  Speaker 1: biggest gain in the S and P five hundred belongs
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  Speaker 1: to the pipeline owner, Williams, which you may remember was
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  Speaker 1: a takeover target until a few weeks ago when Energy
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  Speaker 1: Transfer Equity scrapped its bid. Well, Williams attracted at least
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  Speaker 1: seven bidders for its Canadian unit, and that's according to
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  Speaker 1: routers signing unnamed people familiar situation. They said the unit
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  Speaker 1: may fetch as much as two billion dollars and William shares,
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  Speaker 1: he said, biggest game on the day. And the S
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  Speaker 1: and P five hundred of six point two percent. Let's
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  Speaker 1: talk about the sharffes have Omnicom, the advertising and media
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  Speaker 1: group Omnicom, down more than two percent today. They reported
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  Speaker 1: second quarter earnings that exceeded analysts estimates, but revenues they
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  Speaker 1: fell short of analysts estimates despite growth in Europe and Asia.
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  Speaker 1: Once again, the shares of Omnicom down about two percent. Well,
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  Speaker 1: we should mention mons Santo. We're talking take over here.
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  Speaker 1: Buyer has been trying to buy them. They raised their
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  Speaker 1: offer by three dollars a shared a hundred twenty five dollars.
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  Speaker 1: Monsanto is looking at its options though, we reported that
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  Speaker 1: the seed and pesticide maker revived talks with Germany's BSF
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  Speaker 1: to combine their farm chemicals. Of course, buyer Wijmato is
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  Speaker 1: bear also based in Germany, so you know we're talking
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  Speaker 1: about the German chemical industry taking a good look at Monsanto.
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  Speaker 1: Here I'll point out Monsanto was three point one percent
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  Speaker 1: on the day that said stop closed a hundred four
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  Speaker 1: hours into twenty two cents and buyers offering a hundred
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  Speaker 1: and twenty five dollars. It's a long way from here
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  Speaker 1: to there. And I'll just tell you about black Rock,
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  Speaker 1: down about a half a percent. Today the company reports
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  Speaker 1: second quarter results, earnings per share, besting estimates by a
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  Speaker 1: penny four dollars and seventy eight cents versus estimates of
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  Speaker 1: four dollars and seventies seven cents. Ascess under management in
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  Speaker 1: the second quarter about a four point eight nine a
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  Speaker 1: trillion estimate was per four point eight six and once
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  Speaker 1: again shares a black Rock down about a half a percent. Alright,
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  Speaker 1: let me tell you about the VIX. It is time,
• 9:32
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  Speaker 1: Powerful Outcomes VIX. The VIXA lower once again today, the
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  Speaker 1: VIXA down about one and three quarters of a percent,
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  Speaker 1: a drop of point to oh settling at twelve point
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  Speaker 1: eight five, the second consecutive move lower for the volatility index.
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  Speaker 1: All right, Dave, you're uh, my name is Dave. Just
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  Speaker 1: think you're doing We're Dave, Dave Hey, Mr Wilson, Bloomberg
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  Speaker 1: Stocks Commas, go ahead, tell us about ft D. Well,
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  Speaker 1: you know the Flower Delivery Companies on its third go
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  Speaker 1: round as a publicly traded company in the past twenty years. Uh.
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  Speaker 1: They made initial public offering them their online business, and
• 10:37
  Speaker 1: then three years later the entire company went public by
• 10:40
  Speaker 1: merging with the website. Ft D was then bought by
• 10:42
  Speaker 1: Leonard Green and Partners, which took a public for the
• 10:44
  Speaker 1: second time. After that, United Online acquired the company. It
• 10:49
  Speaker 1: was spot off in November and has been public ever since.
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  Speaker 1: The ticker is as you might expect. Ft D. Company
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  Speaker 1: shares peaked right after the spin off and fell to
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  Speaker 1: a record low and be worry. While stock later rebounded,
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  Speaker 1: the recovery was set back today after Craig Hallam cut
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  Speaker 1: its rating to hold from by analyst Alex Ferman sided.
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  Speaker 1: The potential effects of the UK's vote to leave the
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  Speaker 1: European Union on the company in the UK and Ireland
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  Speaker 1: account for about fifteent of f t D s revenue
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  Speaker 1: now Danny compiled by Bloomberg shows f t D hadn't
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  Speaker 1: had anything but by ratings from analysts since September. Craig
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  Speaker 1: Hallam's break from the pack was enough to send FTD
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  Speaker 1: shares falling by three point two percent three percent f
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  Speaker 1: t D R. It's send those flowers, thanks very much
• 11:38
  Speaker 1: at Dave Wilson Bloomberg stocks commas. Of course, you can
• 11:40
  Speaker 1: follow Dave on Twitter at the One Dave and send
• 11:44
  Speaker 1: him an email at d Wilson at Bloomberg dot net.
• 11:47
  Speaker 1: Sign up for his daily free email newsletter. It will
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• 11:55
  Speaker 1: I'm pim Fox and this is Bloomberg Bloomberg. Taking Stock
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