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 at Bloomberg
• 0:06
  Speaker 1: dot com, so the radio plus mobile act and on
• 0:09
  Speaker 1: your radio. This is a Bloomberg Business draft from Bloomberg
• 0:13
  Speaker 1: World Headquarters, Signed Charlie Pellett hand. We do have the
• 0:16
  Speaker 1: folks from the group girls who invest ringing that closing
• 0:20
  Speaker 1: bell as we wrap up trading on this Friday, June six,
• 0:24
  Speaker 1: a down day, a down week, and we are brought
• 0:26
  Speaker 1: to you by National Realty Returns on cash in rented
• 0:31
  Speaker 1: real estate find them at n r i A dot net.
• 0:35
  Speaker 1: Stocks retreated SMP five hundred index having its steepest drop
• 0:39
  Speaker 1: in about two months, amid caution over tepid global growth
• 0:43
  Speaker 1: in a series of looming events, including next week SPED
• 0:46
  Speaker 1: meeting that have the potential to spur renewed market turbulence. Now,
• 0:49
  Speaker 1: for the week, we did see the SMP five hundred
• 0:52
  Speaker 1: index drop by point one four percent today. That index
• 0:56
  Speaker 1: was down nine tenths of one percent ending the week
• 0:59
  Speaker 1: heading into the weekend of two thousand ninety six, down
• 1:02
  Speaker 1: today by nineteen points down. Industrials fell one hundred eighteen points,
• 1:07
  Speaker 1: down seven tenths of one percent, to seventeen thousand, eight
• 1:10
  Speaker 1: hundred sixty five, Nastack down one point three percent, dropping
• 1:14
  Speaker 1: sixty four points to forty ninety four. Apple's next iPhone
• 1:19
  Speaker 1: will use modems from Intel, replacing qual Com chips in
• 1:23
  Speaker 1: some versions of the new handset, A moved by the
• 1:26
  Speaker 1: world's most valuable public company to diversify its supplier base.
• 1:30
  Speaker 1: A non Shriven Asen is a semiconductor and hardware analyst
• 1:33
  Speaker 1: for Bloomberg Intelligence. He was interviewed today right here on
• 1:37
  Speaker 1: taking stock. The Apple supply chain seems to be getting
• 1:40
  Speaker 1: more complicated from a supplier base, as well as the
• 1:44
  Speaker 1: number of components and the number of suppliers that go
• 1:46
  Speaker 1: into it. So um. It's interesting because Apple thus far
• 1:51
  Speaker 1: has only had three specific types of the iPhone UM
• 1:55
  Speaker 1: for each version, and now it's like it's likely to
• 1:59
  Speaker 1: get a little bit more complicated in that on a
• 2:01
  Speaker 1: down day for the rest of the market, Intel of
• 2:03
  Speaker 1: three tenths of one percent, Apple was down eight tenths
• 2:06
  Speaker 1: of one percent, Gold up four or forty Balance picking
• 2:09
  Speaker 1: up four tenths of one percent, Crew down three point
• 2:12
  Speaker 1: two percent, forty Arrow four oh two on Wall Street. Now,
• 2:16
  Speaker 1: let's take a look at some of the other stories
• 2:18
  Speaker 1: making news Charlie. Thank you from the Bloomberg News Room
• 2:22
  Speaker 1: by Mark Crompton. Hillary Clinton has given her first speed
• 2:25
  Speaker 1: since being indorsed Thursday by President Obama. She addressed the
• 2:29
  Speaker 1: Planned Parenthood Action Fund in Washington. A milestone together this week,
• 2:34
  Speaker 1: thanks to you and people all over our country. For
• 2:38
  Speaker 1: the first time, a woman will be a major party's
• 2:42
  Speaker 1: nominee for President of the United States. Earlier today, Mrs
• 2:49
  Speaker 1: Clinton met with Massachusetts Senator Elizabeth Warren, who endorsed her yesterday.
• 2:54
  Speaker 1: How Speaker Paul Ryan called Donald Trump's attack of a
• 2:57
  Speaker 1: federal judge a textbook definition of racism. Still, the Speaker
• 3:01
  Speaker 1: continues to support the presumptive Republican nominee. Ryan spoke to
• 3:05
  Speaker 1: ABC News suggesting that a person can do their job
• 3:08
  Speaker 1: because of the razor ethnicity. That's not that's not a
• 3:12
  Speaker 1: politically incorrect thing to do. That's just a wrong thing
• 3:14
  Speaker 1: to say. Senate Majority Leader Mitch McConnell tells Bloomberg Politics
• 3:18
  Speaker 1: Trump's attacks on ethnic groups and other Republicans need to end.
• 3:22
  Speaker 1: He says that Trump needs to pick an experienced running
• 3:25
  Speaker 1: mate because, quote, he doesn't know a lot about the
• 3:28
  Speaker 1: issues in Louisville, Kentucky. A memorial services underway for the
• 3:32
  Speaker 1: late boxing legend Muhammad Ali, who died last week at
• 3:36
  Speaker 1: the age of seventy four. Among those speaking today are
• 3:39
  Speaker 1: and Hats, the Republican Senator from Utah. He spoke of
• 3:43
  Speaker 1: his friendship with Ali, a friendship between a man of
• 3:46
  Speaker 1: the Muslim faith and a man of the Mormon faith.
• 3:49
  Speaker 1: Senator Hats said that Ali told him God gave him
• 3:51
  Speaker 1: Parkinson's quote to remind me always that I am human.
• 3:55
  Speaker 1: Global News twenty four hours a day, powered by our
• 3:59
  Speaker 1: journalists and more than one fifty news bureaus around the
• 4:02
  Speaker 1: world from the Bloomberg News Room, my Mark Crumpton, Charlie,
• 4:05
  Speaker 1: and we thank you. And Dan Gilbert, founder of Quicken Loans,
• 4:08
  Speaker 1: an owner of the Cavaliers basketball team, and A T
• 4:11
  Speaker 1: and T have each bit about five billion dollars for
• 4:14
  Speaker 1: Yahoo's core business, patents and real estate assets. This according
• 4:18
  Speaker 1: to people with knowledge of the matter. Again, recapping a
• 4:21
  Speaker 1: down Friday with the S and P falling nineteen points
• 4:24
  Speaker 1: to two thousand, ninety six, down nine tenths of one percent,
• 4:27
  Speaker 1: I'm Charlie Pellett, and that's a Bloomberg business flash move around.
• 4:32
  Speaker 1: Morton creates the motion move, you move like they do.
• 4:38
  Speaker 1: I've never seen anyone move that fast. People's move like
• 4:45
  Speaker 1: to get a purpose that he was called movers and shakers.
• 4:52
  Speaker 1: It costs a little more of that name. Cracked me up.
• 5:01
  Speaker 1: Bloomberg taking stocks movers and shakers with Pim Fox and
• 5:05
  Speaker 1: Kathleen As on Bloomberg Radio, moving and shaken. Yes, stocks
• 5:11
  Speaker 1: are lower today, and if we tell you the SMP
• 5:13
  Speaker 1: five hundred is down, do you know about a percent
• 5:16
  Speaker 1: point nine? That's one thing. But if we tell you
• 5:18
  Speaker 1: that only five, only fifty five share prices closed higher,
• 5:23
  Speaker 1: four hundred forty nine closed lower, one unchanged, you get
• 5:27
  Speaker 1: a sense of just how definitive this downturn was is
• 5:30
  Speaker 1: this week comes to an end. Joining now Dave Wilson.
• 5:34
  Speaker 1: He is our Bloomberg News Stocks editor, and he's going
• 5:38
  Speaker 1: to kick off the movers and the shakers. Sin. Indeed,
• 5:41
  Speaker 1: if you kind of look at the Dow Industrials instead
• 5:44
  Speaker 1: of the SNP five hundred, you see seven stocks clothes higher,
• 5:48
  Speaker 1: and the third best performer among them was Intel, and
• 5:52
  Speaker 1: shares had good reason to rise. The chip makers scored
• 5:55
  Speaker 1: its first major contract in the mobile phone business. People
• 5:58
  Speaker 1: familiar with the matter said the company will place qual
• 6:00
  Speaker 1: Calm as the supplier of some modem chips for the
• 6:03
  Speaker 1: next generation of Apple's iPhone. Intel's chips will go into
• 6:07
  Speaker 1: phones on a T and T S network and others
• 6:10
  Speaker 1: with similar technology UH. Qual Colms keeping the contract for
• 6:14
  Speaker 1: Verizons network and also UH for mobile phones in China. Well,
• 6:20
  Speaker 1: all that added up to a three tenths of a
• 6:22
  Speaker 1: percent gain for Intel. Not much, but on down day
• 6:25
  Speaker 1: certainly notable, and qual Calm shares fell two point one percent. Well, uh,
• 6:30
  Speaker 1: pretty sizable loss for urban outfitters today dave about five
• 6:34
  Speaker 1: point seven percent to twenty six dollars in change. In fact,
• 6:37
  Speaker 1: it's the worst Decliinate suffered in just about seven months.
• 6:40
  Speaker 1: Pretty straightforward. They warned of a sales decreases quarter and
• 6:44
  Speaker 1: has renewed concerns about just a steady slow down at
• 6:48
  Speaker 1: this once very thriving retail chain. Same story, sales are
• 6:53
  Speaker 1: falling by a percentage in the middle single digits in
• 6:57
  Speaker 1: the second quarter percentage point that is, which runs through July.
• 7:01
  Speaker 1: Companies said in made a second quarter sales were slow
• 7:03
  Speaker 1: and compared with the previous period, but that time the
• 7:05
  Speaker 1: CEO was blaming an unseasonally cool spring for the slowdown.
• 7:09
  Speaker 1: So if things are slow again, Dave, people are saying,
• 7:11
  Speaker 1: maybe it's not just the weather. Maybe they've got a
• 7:13
  Speaker 1: problem with their merchandise, with their product line. You know,
• 7:17
  Speaker 1: young shoppers are fickle. Not a good day for urban Outfair.
• 7:19
  Speaker 1: Speaking of problems, Tesla Motors may have a problem. US
• 7:23
  Speaker 1: regulators are looking into a possible suspension issue with the
• 7:26
  Speaker 1: electric car makers model lest Sedan, and the auto blog
• 7:30
  Speaker 1: Daily Kimban said a Tesla customer had to sign a
• 7:33
  Speaker 1: non disclosure agreement before a defective suspension part was fixed. Now,
• 7:37
  Speaker 1: Tesla center a statement that its suspensions have no safety
• 7:41
  Speaker 1: defects and that the bloged story was preposterous. But I
• 7:45
  Speaker 1: should point out uh Edward Niameyer, who works for The
• 7:48
  Speaker 1: Daily Kimban also a calumnist at Bloomberg View. So you know,
• 7:53
  Speaker 1: we we we take that into account, and we see
• 7:56
  Speaker 1: that Tesla Motors shares down four point six percent today, Well,
• 8:00
  Speaker 1: another company that's down. And again since UH four and
• 8:03
  Speaker 1: fifty five companies just closed lower, it's easy to find
• 8:06
  Speaker 1: the losers today. But H and R block stands out
• 8:10
  Speaker 1: up twelve and a half percent to close to twenty
• 8:12
  Speaker 1: four dollars and change the stock is spiking today because
• 8:17
  Speaker 1: yesterday the company reported that it's very solid results for
• 8:23
  Speaker 1: their fourth quarter. In fact, revenue was two point three
• 8:26
  Speaker 1: billion dollars, higher than the analyst estimates of two point
• 8:29
  Speaker 1: to eight. Uh. They're earnings per share three dollars and
• 8:32
  Speaker 1: sixteen cents, and that's our past analysts expectations by one cent.
• 8:36
  Speaker 1: One more thing, though, the investors really like today. The
• 8:39
  Speaker 1: board approved a ten percent increase in H and R
• 8:42
  Speaker 1: Blocks quarterly dividend to two cents per share. It's gonna
• 8:46
  Speaker 1: be payable on July first to shareholders as of June twenty.
• 8:50
  Speaker 1: I gotta mention my Land because it wasn't a great
• 8:52
  Speaker 1: day for drug stocks, and in my Land sort of
• 8:55
  Speaker 1: front and center. Uh. Wells Fargo coming out with the
• 8:57
  Speaker 1: report that said the drug maker maybe the next company
• 9:00
  Speaker 1: under fire from lawmakers and patient groups for price increases.
• 9:04
  Speaker 1: UH cited the three drugs where the company had increased
• 9:09
  Speaker 1: prices this year more than fivefold. Uh Now. My Land
• 9:12
  Speaker 1: called the analysis self serving and misleading to investors in
• 9:16
  Speaker 1: a statement. It is noteworthy, though, that my Lands one
• 9:19
  Speaker 1: of five companies that U S senators asked this week
• 9:22
  Speaker 1: to explain higher prices for the anti opioid drug and
• 9:25
  Speaker 1: the locks O. So you put that all together. My
• 9:28
  Speaker 1: Land down two points percent, other drug makers down as well,
• 9:31
  Speaker 1: Olegant down two point six percent, Mallcroft down four point
• 9:34
  Speaker 1: four percent, and Endo International within eight point four percent
• 9:38
  Speaker 1: loss on the day. Well, I know something I just
• 9:41
  Speaker 1: want to mention quickly, David. That's Walgreens and Writing, because
• 9:45
  Speaker 1: you've been noting that the reports out that the FTC,
• 9:49
  Speaker 1: the Federal Trade Commission, will approve wal Greens seventeen billion
• 9:52
  Speaker 1: dollar acquisition of Writing, which would be a combination of
• 9:55
  Speaker 1: the number one and number three drug store chains. Those
• 9:57
  Speaker 1: stocks both up pretty sharply today. Quickly. The Volatil Volatility
• 10:02
  Speaker 1: Index report now, and it's brought to you by cbo
• 10:04
  Speaker 1: E VIX Options and Futures. Volatility can be harnessed with
• 10:08
  Speaker 1: CBOE VIX options and future CEA disclosures. Learn more at
• 10:11
  Speaker 1: cbo e dot com Slash Powerful Outcomes Vix, the VIX
• 10:15
  Speaker 1: closing up boil Boy more than two point three points
• 10:19
  Speaker 1: to sixteen point nine seven. It's on track for its
• 10:23
  Speaker 1: largest weekly advanced since January. Up about all right, Dave,
• 10:27
  Speaker 1: you're up? H Hi. My name is Dave. Well, just
• 10:33
  Speaker 1: what do you think you're doing today? We're going for
• 10:35
  Speaker 1: a band to Dave Dave's Bluebird Bio. Indeed, they're working
• 10:45
  Speaker 1: on incredibly cool things that matter. That's what an employee
• 10:48
  Speaker 1: says in the quota on the company's website. Those cool
• 10:51
  Speaker 1: things revolve around treatments for severe genetic todaises and rare illnesses. Now,
• 10:55
  Speaker 1: Bluebird Bio went public three years ago this month. Sticker
• 10:58
  Speaker 1: is blue like the our Bluebird Bio started out at
• 11:02
  Speaker 1: seventeen dollars a share price jumped as high as one
• 11:05
  Speaker 1: ninety seven thirty five last year after study data showed
• 11:08
  Speaker 1: an experimental treatment for blood disorders let some patients go
• 11:11
  Speaker 1: without transfusions. The thing is, though Bloomberg Bio isn't the
• 11:15
  Speaker 1: only company with this kind of therapy. Another one is
• 11:19
  Speaker 1: Global Blood Therapeutics, would put out study data today. The
• 11:22
  Speaker 1: results showed its medicine increased the amount of hemoglobin and
• 11:25
  Speaker 1: sickle cell patients blood after ninety days, and Jenny Capitol
• 11:28
  Speaker 1: wrote in a report that Deonist is now on Bluebird
• 11:31
  Speaker 1: Bio to move along and developing instrug from cuttage twelve
• 11:34
  Speaker 1: month price estimate on the stock by to seventy one dollars.
• 11:38
  Speaker 1: Now Bluebird Bio following eight and a half percent, closing
• 11:41
  Speaker 1: at nine. Remember that's almost below it's high from just
• 11:47
  Speaker 1: last year. Yikes. Well that's be a call a mover
• 11:51
  Speaker 1: and a shaker, that's what you call it. A kliner.
• 11:54
  Speaker 1: Absolutely Global bud by the way up nine percent on
• 11:56
  Speaker 1: its study data. Well, there you go. That's a study
• 11:59
  Speaker 1: data I'd like to have. Dave Wilson, thanks so much.
• 12:01
  Speaker 1: This is taking Stock on Bloomberg Radio. Bloomberg taking Stock
• 12:06
  Speaker 1: is brought to you by Ancient Block and Ancient named
• 12:08
  Speaker 1: the best accounting from in North America for the sixth
• 12:10
  Speaker 1: year in a row by hedge week dot Com. This
• 12:14
  Speaker 1: is Bloomberg Radio.