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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: dot Com, the radio, plus Roboloft and on your radio.
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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 Pellett. Folks from s A. P. Ringing the
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  Speaker 1: closing bell s and P five hundred index moving lawer
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  Speaker 1: on this first training day of the new month. Town
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  Speaker 1: industrials also declining, MASDAK moved higher. Falling crew prices sparked
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  Speaker 1: a deepening sell off in energy shares, weighing on investor
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  Speaker 1: confidence the US growth and corporate profits will rebound today.
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  Speaker 1: West Texas Intermediate Crew down three point nine percent, thirty
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  Speaker 1: nine ninety nine for a barrel of West Texas Intermediate
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  Speaker 1: down a dollar sixty one. US manufacturing expanded in July,
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  Speaker 1: though a slower pace, indicating gradual improvement that could help
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  Speaker 1: the economy emerged from a week first half of the year.
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  Speaker 1: Bratt Halcolm is the chairman of the Manufacturing Business Survey
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  Speaker 1: at the Instant for Supply Management. He was our guest
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  Speaker 1: this afternoon right here on taking stock. P m I
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  Speaker 1: is off just over a half a point, but still
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  Speaker 1: pretty consistent with what we've seen for the fast few months.
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  Speaker 1: New Orders is leading the way at fifty six point nine,
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  Speaker 1: is down a tenth of a point, still a very
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  Speaker 1: strong number. Fifteen percent of American households have either zero
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  Speaker 1: or negative net wealth. That's according to a survey conducted
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  Speaker 1: by the Federal Reserve Bank of New York, potentially affecting
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  Speaker 1: their ability to save for major purchases and restricting their
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  Speaker 1: access to credit. Varison Communications buying GPS vehicle tracking company
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  Speaker 1: fleet Matics Group in an all cash deal valued at
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  Speaker 1: two point four billion dollars, the tenure down fifteen thirty seconds,
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  Speaker 1: Zeal there one point five percent, Gold up three fifty ounce,
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  Speaker 1: the thirteen fifty six gain of three tenths of one percent,
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  Speaker 1: the SMP down two points to twenty one seventy, a
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  Speaker 1: drop there of point one percent, and as a stack
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  Speaker 1: of twenty two to four a gain of four tenths
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  Speaker 1: of one percent, and the Dow Jones Industrial Average slumping
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  Speaker 1: twenty seven points, down two tenths of one percent 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 other news from around the world. On Bloomberg Radio, Charlie,
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  Speaker 1: Thank you from the Bloomberg news Room, by Mark Crumpton,
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  Speaker 1: Democratic presidential nominee Hillary Clinton will attend a rally in
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  Speaker 1: Omaha today alongside billionaire Nebraska native Warren Buffett. Among those
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  Speaker 1: Mrs Clinton's hoping to win over a former Bernie Sanders supporter,
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  Speaker 1: Chelsea Gentry Tipton, the Black Caucus chair of the Nebraska
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  Speaker 1: Democratic Party. The political revolution is still going on, and um, ultimately,
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  Speaker 1: it's important that we keep Trump out. Donald Trump is
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  Speaker 1: trying to explain comments that suggested he wasn't aware that
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  Speaker 1: Russian troops were in Ukraine. Trump tweeted today that President
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  Speaker 1: Putin is not going into Ukraine. Quote if I am
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  Speaker 1: president already in crimea end quote. The time may be
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  Speaker 1: limited before President Obama leaves office, but he does have
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  Speaker 1: a wish list for Congress. Funding for ZEKEA virus takes
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  Speaker 1: the top spot. According to Bloomberg D and a's White
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  Speaker 1: House correspondent Cheryl Boland, that is something that Congress was
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  Speaker 1: trying to get done right in at the end of
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  Speaker 1: the middle of July there when they left and just
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  Speaker 1: couldn't get across the finish line. Also waiting for approval
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  Speaker 1: the Trans Pacific Partnership Trade Agreement. You can be sure
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  Speaker 1: that the White House even in early September, is going
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  Speaker 1: to be going back to members of Congress and saying,
• 3:34
  Speaker 1: if you want this trade agreement past, it's going to
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  Speaker 1: have to be done before this president leaves office. Nancy
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  Speaker 1: lyons Bloomberg Radio, the New York Yankees have agreed to
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  Speaker 1: a trade that will send out fielder Carlos Beltron to
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  Speaker 1: the Texas Rangers for pitching prospect and multiple media reports
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  Speaker 1: say the Mets are working on a deal to require
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  Speaker 1: the reds. Jay Bruce Global News twenty four hours a day,
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  Speaker 1: powered by more than journalists and analysts and more than
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  Speaker 1: one countries. I'm more Crumpton. This is Bloomberg, Charlie, and
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  Speaker 1: we thank you, but again recapping the Dalla SMP Lord
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  Speaker 1: Nestack advancing this update brought to you by Sector Spider
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  Speaker 1: I'm Charlie Pellett, and dat's a Bloomberg business flash move around.
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  Speaker 1: Morton creates motion move move like they do. I've never
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  Speaker 1: seen anyone move that back hard. People's moved like to dread.
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  Speaker 1: A purpose is called movers and shakers. They cost a
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  Speaker 1: little more about that name cracked me up. Bloomberg taking
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  Speaker 1: stock Movers and Shakers with Bim Box and Kathleen As
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  Speaker 1: on Bloomberg Radio Movers and Shakers for Monday, August. The
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  Speaker 1: first twenty sixteen two hundred and four issues in the
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  Speaker 1: SMP five hundred advanced two hundred and nineties, seven issues
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  Speaker 1: decline and four remain unchanged. That's bringing Dave Wilson Bloomberg
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  Speaker 1: Stocks comments to begin our Movers and Shakers. Let's talk
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  Speaker 1: about the biggest gain in the SNP five hundred today
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  Speaker 1: and that belonged to Biogen, the drug maker Exercise an
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  Speaker 1: option to develop and sell a treatment for spinal muscular
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  Speaker 1: atrophy after the drug reached the main goal of a
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  Speaker 1: final stage study. Now Biogen paid a seventy five million
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  Speaker 1: dollar license fee to the drugs original developer, Ionis Pharmaceuticals
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  Speaker 1: biogena four point one percent in today's training. In the
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  Speaker 1: wake of that development. Ionis, the former ISIS Pharmaceuticals changed
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  Speaker 1: its name after Isis said developed the shall we say
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  Speaker 1: an unsavory connotation that stock up more than well. I
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  Speaker 1: want to take a look at off shore rig owners
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  Speaker 1: of falling the most in more than a month, as
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  Speaker 1: oil UH fell at least briefly below forty dollars a barrel.
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  Speaker 1: Diamond Offshore Drilling as we have headed into the clothes
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  Speaker 1: UH down actually almost eight percent. It's competitors Transition and
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  Speaker 1: end Scope PLC and Noble also falling. Explorers of slash
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  Speaker 1: from off offshore spending since more cuts are expected next year,
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  Speaker 1: said Mark Edwards, he's CEO at Diamond Offshore. He said
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  Speaker 1: this today on a conference call him I'll just tell
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  Speaker 1: you about the shares of Lows today a Lows Corp
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  Speaker 1: down a nearly a two percent. The company, of course
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  Speaker 1: operates in three distinct areas as Cienna Financial, the insurance
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  Speaker 1: arm as well as the oil business. Indeed, also they
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  Speaker 1: have a hospitality business on the Prince called today the
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  Speaker 1: chief executives to Tish saying that the oil drilling may
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  Speaker 1: seem bleak, will have an happy ending and he says
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  Speaker 1: that the silver lining of the drilling slump is that
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  Speaker 1: the oil price will inevitably rebound. He also cites renovation
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  Speaker 1: plans at the hotel unit for muted results. Once again,
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  Speaker 1: shares of Low's Corps down about two percent Lows has
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  Speaker 1: a fifty three percent steak and diamond off shore, so
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  Speaker 1: they were definitely hurt by what that company had to say.
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  Speaker 1: You know, when you look at solar industry and you
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  Speaker 1: think about deal making, what comes to mind immediately is
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  Speaker 1: Solar City and Tesla Motors. I want to look at
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  Speaker 1: another deal. Treat a Solar This is a Chinese company,
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  Speaker 1: biggest maker of solar panels. It's been public in the
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  Speaker 1: US since two thousand six and actually for the last
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  Speaker 1: couple of months or so, traded below its I p
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  Speaker 1: O price. Now you have a takeover offer on the
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  Speaker 1: table from a Chinese investor group, and we're talking about
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  Speaker 1: a one point one billion dollar deal announced today and
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  Speaker 1: shure enough, the shares take off. Trina Solar American depositary
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  Speaker 1: receipts their version of shares up more than twenty five
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  Speaker 1: in today's trading. And we'll be speaking to Gordon Johnson
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  Speaker 1: from Axiom Capital Management about Trina, also about Tesla lowering
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  Speaker 1: its bid for Solar City. Later in the half hour,
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  Speaker 1: when I took a quick look at Caesar's Entertainment, big
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  Speaker 1: move up today. In fact, Caesar's gaining about looks like
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  Speaker 1: almost well six point six percent at the close, off
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  Speaker 1: the day's best levels, but it agreed over the weekend
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  Speaker 1: to sell its casino style online games unit, plate Tica
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  Speaker 1: for four point four billion dollars to Chinese investors led
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  Speaker 1: by Shanghai Giant Network Technology Company. It could give Caesar's
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  Speaker 1: more cash to help reach a settlement with bondholders of
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  Speaker 1: its largest division, which filed for bankruptcy in January. And
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  Speaker 1: Verizon Communications down today a little bit more than one
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  Speaker 1: and a half percent for rising agreeing to buy the
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  Speaker 1: GPS vehicle tracking company Fleet Madox Group. It is an
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  Speaker 1: all cash deal value to two point four billion dollars,
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  Speaker 1: and of course this is at premium to fleet Matos
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  Speaker 1: closing price last week. The company is based in Dublin
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  Speaker 1: and it develops software that tracks commercial drivers vehicle location
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  Speaker 1: as well as fuel usage, speed and mileage for better
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  Speaker 1: fleet management. Once again, the share is a Verizon today
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  Speaker 1: down more than one and a half percent. It's time
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  Speaker 1: now with the Volatility Index report. It has brought to
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  Speaker 1: at cbo e dot com slash Powerful Outcomes vix uh
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  Speaker 1: it's the best level today. The VIX was up six
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  Speaker 1: percent up now about a half point at twelve point
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  Speaker 1: four two at the close. This is his first climb
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  Speaker 1: in four days after its biggest monthly declined since mark.
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  Speaker 1: The VIX has lost twenty four percent in the previous
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  Speaker 1: month the month of July, after a ten percent increase
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  Speaker 1: the month before. All right, Dave, you're up. Hi, My
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  Speaker 1: name is Dave. Just what do you think you're doing.
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  Speaker 1: We're going for the bankfound Dave. Dave Hey, Mr Wilson,
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  Speaker 1: there are some unhappy people in Kingwood, Texas today. Tell
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  Speaker 1: us why, Well, it's all about Inspirity, and I presume
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  Speaker 1: that's where they're based. So businesses that would rather not
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  Speaker 1: run their own human relations department turned to Inspirity to
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  Speaker 1: handle the work. Company overseas recruiting and hiring, manages employee benefits,
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  Speaker 1: and provides health insurance, among other things. Inspirity has been
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  Speaker 1: publicly traced since company shares a list of the ticker
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  Speaker 1: n SP. They've served as much as sixty nine percent
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  Speaker 1: this year in a while received set of first quarter
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  Speaker 1: results spurred evans now Sperity released second quarter results today
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  Speaker 1: and they didn't go over well at all. Earnings were
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  Speaker 1: just one cent of share higher than analysts average estimate
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  Speaker 1: in Bloomberg Servty. I say just because in the first
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  Speaker 1: quarter profit came out ahead by sixteen cents. Last quarters,
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  Speaker 1: revenue growth slowed as well, and in response, insperity shares
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  Speaker 1: gave back much of their gains after the previous earnings report.
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  Speaker 1: Stock fell on today's trading by almost fourteen and a
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  Speaker 1: half percent, and that was the biggest one day decline
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  Speaker 1: in almost three and a half years. Dave Wilson so
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  Speaker 1: glad to have you back his Stock of the day
• 11:37
  Speaker 1: every day at four o'clock Wall Street time here on
• 11:40
  Speaker 1: taking Stock. He is our stock editor, our resident musicologists.
• 11:44
  Speaker 1: You can follow on Twitter at the one Dave Big
• 11:47
  Speaker 1: dive into Solar coming up, Tesler lowering its bid for
• 11:51
  Speaker 1: Solar City, Tina Solar going private and by the way,
• 11:55
  Speaker 1: US solar demand is on the Wayne Kathleen Hayes Long
• 11:58
  Speaker 1: with pim Fox. This is Bloomberg m H. Bloomberg. Taking
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