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

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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: This is a Bloomberg Business Flash from Bloomberg World Headquarters.
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  Speaker 1: I'm Charlie Pelota. Another down day for stocks, folks from
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  Speaker 1: a A CSP ringing the closing bell of the New
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  Speaker 1: York Stock Exchange. Stocks move lower along with oil havens
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  Speaker 1: such as gold, and the end climbed gold up ten
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  Speaker 1: eighty ounce to twelve eighty six, a gain of nine
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  Speaker 1: tenths of one percent. Investors are growing increasingly cautious ahead
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  Speaker 1: of Central Bank meetings this week. Also the UK's vote
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  Speaker 1: on European Union membership later in the month. A big
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  Speaker 1: move today for LinkedIn, up forty six point six four.
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  Speaker 1: Microsoft is buying linked In in a deal valued at
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  Speaker 1: twenty six point two billion dollars, giving the world's biggest
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  Speaker 1: software provider access to a virtual roller desks of connected
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  Speaker 1: business professionals on rana is with Bloomberg Intelligence. He was
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  Speaker 1: interviewed this afternoon right here on taking stock. When you
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  Speaker 1: look at something like a LinkedIn, you can start using
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  Speaker 1: this as a as a software where people can't look
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  Speaker 1: at prospective in their their clients stairs. You know if
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  Speaker 1: they want to hire somebody so you can byposs the
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  Speaker 1: custom applications um. You know, through this particular avenue. Microsoft
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  Speaker 1: is paying a hundred and ninety six dollars of share
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  Speaker 1: in an all cash transaction. Microsoft says LinkedIn will retain
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  Speaker 1: its brand, culture and independence, and Jeff Wiener will remain
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  Speaker 1: CEO of the company. That deal, by the way, the
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  Speaker 1: largest under the tenure of Microsoft Ceo Satya Ndela and
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  Speaker 1: Twitter jumping the most in more than two months after
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  Speaker 1: Microsoft's twenty six point two billion dollar agreement to buy
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  Speaker 1: linked In that prompted speculation other technology companies may become
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  Speaker 1: acquisition targets. Today we had shares of Twitter advancing three
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  Speaker 1: point eight percent to fourteen dollars and fifty five cents,
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  Speaker 1: the tenure up eight thirty seconds, yield one point six
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  Speaker 1: Crude oil down one percent, falling forty seven cents to
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  Speaker 1: forty sixty of Beryl. We've got the Downtown one to
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  Speaker 1: a drop of point seven percent, SMP down seventeen a
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  Speaker 1: drop of point eight percent, four oh two on Wall Street.
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  Speaker 1: Now all look at the other stories making news. Charlie,
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  Speaker 1: Thank you from the Bloomberg Newsroom. By Mark Crumpton. Condolences
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  Speaker 1: are pouring in from all over the world for the
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  Speaker 1: victims of the Orlando, Florida mass shooting. Florida Attorney General
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  Speaker 1: Pam Bandi says her office's main concern is to assist
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  Speaker 1: survivors and family members of those killed and injured. We're here,
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  Speaker 1: We're prepared to help you. We have counselors, advocates, and
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  Speaker 1: we also have compensation counselors who can also aid with
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  Speaker 1: funeral expenses. Orlando Mayor Buddy Dyer says he's proud of
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  Speaker 1: the way the city has come together in the face
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  Speaker 1: of tragedy. Yesterday was the most horrific day in the
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  Speaker 1: history of the city of Orlando, and yet I stand
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  Speaker 1: here proud are today of our community than ever. Gunman
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  Speaker 1: Omar Mateen was killed in a shootout with police after
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  Speaker 1: SWAT teams raided the nightclub. A New York man is
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  Speaker 1: among the forty nine victims of Sundays Orlando shooting. Twenty
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  Speaker 1: five year old Enrique Rios Jr. Of Brooklyn was added
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  Speaker 1: to the official list of fatalities. Today. More than five
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  Speaker 1: hundred anti terrorism officers have been deployed around New York.
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  Speaker 1: Officials say the city remains on high alert even though
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  Speaker 1: there are no credible threats. Former Olympic runner Oscar Pistorius
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  Speaker 1: appeared in a Pretoria, South Africa courtroom today for sentencing.
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  Speaker 1: Historius was convicted in the two thousand thirteen shooting death
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  Speaker 1: of his girlfriend, Riva Stein. Kent defense psychiatrist Dr Jonathan
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  Speaker 1: Schultz the names, describing as broken my opions, kind of condition,
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  Speaker 1: wadnce hospitalization. Historias faces a harsher sentence after an appeals
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  Speaker 1: court upgraded his conviction. Global News twenty four hours a day,
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  Speaker 1: powered by our two hundred journalists in more than one
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  Speaker 1: fifty news bureaus around the world from the Bloomberg News
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  Speaker 1: Room by Mark Crumpton. Charlotte, and we thank you and
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  Speaker 1: again recapping stocks lower today, S and P five. How
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  Speaker 1: did it index down seventeen points to end the Monday
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  Speaker 1: session at two thousand seventy nine, a drop of eight
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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 Morton creates promotion. I move
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  Speaker 1: you moved like they do. I've never seen anyone move
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  Speaker 1: that fast. Fired. People's moved like to got a purpose.
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  Speaker 1: That was called movers and shakers. They cost a little
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  Speaker 1: more and that name cracked me up. Bloomberg taking stocks
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  Speaker 1: movers and shakers with Pimp Fox and Kathleen As on
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  Speaker 1: Bloomberg Radio. Big deals in technology space today and we
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  Speaker 1: got some companies moving higher on them, but not even
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  Speaker 1: near as many as closed lower. Let's look inside the
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  Speaker 1: SMP five hundred. Now we had sixty four gainers, four
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  Speaker 1: or thirty nine losers, two stocks closing unchanged our stocks
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  Speaker 1: that are Dave Wilson joins US now to kick off
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  Speaker 1: movers and shakers. Well, he heard Charlie Pellett mentioned LinkedIn,
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  Speaker 1: who shares rose about forty six and a half percent
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  Speaker 1: after takeover all from Microsoft and Twitter up three point
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  Speaker 1: eight percent today on the possibility it maybe next. But
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  Speaker 1: I want to mention Symantec this is the company is
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  Speaker 1: actually the buyer in a deal that was announced late yesterday.
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  Speaker 1: Uh Simantech, the security software maker, agreed to buy cyber
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  Speaker 1: defense company Bluecoat Systems for four point six five billion
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  Speaker 1: dollars in cash now. Bluecoat, owned by Baying Capital, had
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  Speaker 1: filed just a week and a half ago for an
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  Speaker 1: initial public offering. Instead, they're going to be acquired. So
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  Speaker 1: what does that mean for Simantech. Well, it was definitely
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  Speaker 1: received positively. They're talking about their their chief financial officers anyway, Uh,
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  Speaker 1: substantial increase to earnings after the deal gets done and
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  Speaker 1: that sort of thing. Investors want to hear. Sim attack
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  Speaker 1: with a gain of five point three percent in today's
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  Speaker 1: training shares a Bank of New York Melon down today
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  Speaker 1: by about seven tenths of a percent. Bank of New
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  Speaker 1: York Melon will pay a thirty million dollar penalty to
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  Speaker 1: the Securities and Exchange Commission in a settlement that is
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  Speaker 1: related to the bank's pricing of foreign exchange transactions. In fifteen.
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  Speaker 1: The bank agreed to pay to pay a total of
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  Speaker 1: seven and fourteen million dollars in order to resolve the
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  Speaker 1: foreign exchange issue. The money in that case going to
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  Speaker 1: the New York State and federal authorities, including the Securities
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  Speaker 1: and Exchange Commission, as well as customers who filed a
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  Speaker 1: class action lawsuit. Once again shares a Bank of New
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  Speaker 1: York Melon down seven tenths of a percent. I just
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  Speaker 1: want to come back to Twitter because, as you guys
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  Speaker 1: have just mentioned, you Dave and of course around Charlie
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  Speaker 1: up the most and more than two men after Microsoft
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  Speaker 1: degree to by link In because now people say, okay,
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  Speaker 1: M and A, the animal spirits are alive and well.
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  Speaker 1: But it's it's interesting that not only does this give
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  Speaker 1: the market a sense of what larger, older tech companies
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  Speaker 1: may be willing to pay for younger ones like Twitter
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  Speaker 1: or yelp uh an analyst at manes manes Manus Crept,
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  Speaker 1: Speed and Heart, James kcmac, says it puts those companies
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  Speaker 1: more into play because now we're seeing concrete evidence of
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  Speaker 1: how important data users and owning a component of time
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  Speaker 1: spent r I would drank Twitter nearer or the top
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  Speaker 1: of that list, and U ANALYSTI Goldman Saxon note last
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  Speaker 1: week said the market for mergers and acquisitions in tech
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  Speaker 1: is healthier than the headline volumes suggest, and in fact,
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  Speaker 1: in a note written before this morning's deal, Goldman Analysts
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  Speaker 1: added linked In, among others, to their proprietary proprietary basket
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  Speaker 1: of companies that they say have at least a fifteen
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  Speaker 1: percent of seeing strategic em and action the twelve months.
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  Speaker 1: I bet they boost those sods nowadays. May well be
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  Speaker 1: the case. You know, you get this sort of distressing
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  Speaker 1: pattern in the wake of events like last weekend's mass
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  Speaker 1: shooting in Florida, where gunstocks do well, people figure that
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  Speaker 1: you're going to get more restrictions on guns. These politicians
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  Speaker 1: talk about that, and then there's this anticipation that people
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  Speaker 1: are gonna want to buy the guns before the restrictions
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  Speaker 1: go into effect. I mean, we certainly saw that play
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  Speaker 1: out today. You look at Smith and Wesson Holding with
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  Speaker 1: a game of six point nine percent, Star Murder doing
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  Speaker 1: even better. That stock up eight and a half percent today.
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  Speaker 1: All right, I'm gonna tell you about the shares of Facebook.
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  Speaker 1: They were lower today by about two and a quarter percent. Now,
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  Speaker 1: according to Andrew Left of Citron Research, this is a
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  Speaker 1: short seller. Facebook is too expensive and we'll lose market
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  Speaker 1: share to competing social media platforms such as Snapchat once again.
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  Speaker 1: Shares of Facebook down two and a quarter percent today. Well,
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  Speaker 1: step away from social media is something that's big and heavy.
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  Speaker 1: Airlines and in fact, US Airlines among the worst performing
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  Speaker 1: stocks today as revenue looked weaker than analysts expected, fuel
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  Speaker 1: prices continuing to rise. We have United Airlines down more
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  Speaker 1: than four percent of forty four dollars and change. Another
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  Speaker 1: big loser. American Airlines also down four percent, but you
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  Speaker 1: just have to look at Delta Air and Southwest. And
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  Speaker 1: of course this follows on the heels of some pretty
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  Speaker 1: decent games last week. Pam. Alright, let's turn our attention
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  Speaker 1: Powerful Outcomes VIX. The VIX much higher today, moving up
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  Speaker 1: by more than twenty two and a quarter percent, up
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  Speaker 1: three point nine six, settling at twenty point nine nine.
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  Speaker 1: And of course, the VIX widely considered to be the
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  Speaker 1: best gage of fear in the market. Uh. This move
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  Speaker 1: higher is the highest since February. Alright, Dave, you're h hi.
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  Speaker 1: My name is Dave Worth. It are just what do
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  Speaker 1: you think you're doing? We're going for the pants down
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  Speaker 1: the door to Dave. Dave. Dave Wilson is here with
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  Speaker 1: his stock of the day. Indeed, vernet X Holding this
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  Speaker 1: is a technology company has been publicly traded since shares
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  Speaker 1: listed under the ticker VHC. Now vernet X doesn't have
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  Speaker 1: much of a business. Data combined by Bloomberg shows total
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  Speaker 1: revenue since going public has been about thirteen million dollars.
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  Speaker 1: That's million with an M you have. The company's market
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  Speaker 1: value once succeeded two billion dollars and ended last week
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  Speaker 1: at two hundred and seventy nine million. Vernet x's value
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  Speaker 1: lies with its patents. In February, the company won a
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  Speaker 1: six hundred and twenty five point six million dollar award
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  Speaker 1: from a Texas jury in a patent lawsuit against Apple.
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  Speaker 1: The case centered on whether the iphonemaker's FaceTime I message
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  Speaker 1: and other services infringe on vernet x's technology for secure
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  Speaker 1: commun occasions. The jury found Apple's infringement was willful, which
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  Speaker 1: meant they knew about the patents and went ahead anyway.
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  Speaker 1: This raised the possibility that the judge could impose triple damages.
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  Speaker 1: Why bring all this up today? Well, the Supreme Court
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  Speaker 1: made it easier for judges to impose triple damages. They
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  Speaker 1: voted unanimously that a federal appeals court limages limits on
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  Speaker 1: these kinds of damage awards was overly rigid, and in response,
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  Speaker 1: shares of vernet x gained as much as eight point
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  Speaker 1: eight percent in today straight pulled back a bit toward
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  Speaker 1: the close, nonetheless, vernet X closing with a gain of
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  Speaker 1: four point six percent. Thank you very much, Dave Wilson,
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  Speaker 1: Bloomberg Stocks Commas sent him an email at d Wilson
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  Speaker 1: you're listening to taking Stockh'm pim Fox my co host
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  Speaker 1: Kathleen Hayes, and this is Bloomberg Radio Bloombertaking Stock is
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