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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 mobile last on your range
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  Speaker 1: is a Bloomberg Business flat from Bloomberg World Headquarters on
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  Speaker 1: Katherine Cowery. And as that closing bell sounded down, Industrial
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  Speaker 1: average out for fifty eight points at eighteen thousand, six
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  Speaker 1: hundred thirty six, SMP five founded up six points at
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  Speaker 1: nasdac A twenty nine points at fifty two sixty two,
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  Speaker 1: all three benchmark closing at records again as traders pushed
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  Speaker 1: back bets on higher interest rates amid uneven growth in
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  Speaker 1: the economy. Paul Christopher Global Market started as a Wells
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  Speaker 1: Fargo says earnings growth can continue to fuel gains in
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  Speaker 1: the market. Ask for where that growth will come from.
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  Speaker 1: That growth is going to come from some some combination
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  Speaker 1: of of revenue gains that we think will be modest.
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  Speaker 1: It's also going to come from energy flattening out. Energy
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  Speaker 1: has been a very big drag on the market this year,
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  Speaker 1: and it probably also comes from some further cost squeezing
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  Speaker 1: that you may see from some fur are around the street.
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  Speaker 1: West Texas Enemity accrued up a dollar thirty six of
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  Speaker 1: every right now three percent trading at eight five spout
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  Speaker 1: gold up a dollar seventy announced at thirteen nine. Ten
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  Speaker 1: year treasury down thirteen thirty seconds, with the yield of
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  Speaker 1: one point five. Among today's top business stories, John Williams,
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  Speaker 1: president of the Federal Reserve Bank of San Francisco, is
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  Speaker 1: calling for monetary and physical policymakers to rethink the way
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  Speaker 1: they operate. He says the US is getting a taste
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  Speaker 1: of a new economic normal that warrants a change in orthodoxy.
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  Speaker 1: Williams urged governments to prepare to provide a stronger fiscal
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  Speaker 1: backstop and central bankers to consider scrapping the practice of
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  Speaker 1: targeting low inflation. Black Rock is reducing its exposure to
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  Speaker 1: long dated U S treasuries. Increased hedging clasts from Japan
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  Speaker 1: to Europe are making treasuries less attractive to some foreign investors.
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  Speaker 1: Home Builder confidence climbed in August to steady job growth
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  Speaker 1: and low interest rates boosted prospects for the residential real
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  Speaker 1: estate market in the second half of the year. The Nation,
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  Speaker 1: an association of homebuilders, Wells Fargo, reports it's parameter of
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  Speaker 1: builder sentiment rose to sixty from a realised fifty eight.
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  Speaker 1: Post properties shares at Rallied min America Apartment Communities is
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  Speaker 1: agreed to buy the Real Estate Investment Trust for about
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  Speaker 1: three point nine billion dollars. And now let's get an
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  Speaker 1: update to some of the other stories we're following today. Catherine,
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  Speaker 1: thank you from the Bloomberg News room. I'm Mark Crumpton. Milwaukee,
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  Speaker 1: Wisconsin Mayor Tom Barrett is accusing outsiders of quote deliberately
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  Speaker 1: trying to damage a great neighborhood in a great city.
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  Speaker 1: His comments follows Saturday's fatal shooting by police of a
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  Speaker 1: black man. Police Chief Edward Flynn, the community was a
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  Speaker 1: victim of the disorder and the damage more than anybody else,
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  Speaker 1: and large numbers of those community members, as you saw yesterday,
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  Speaker 1: trying to repair that damage, clean up after that damage,
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  Speaker 1: carry on as normal life as they can, despite the
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  Speaker 1: loss of jobs and amenities that was caused by the disorder.
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  Speaker 1: Protests and riding have taken play saw Milwaukee's predominantly African
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  Speaker 1: American North Side. Authorities say that the man who was shot,
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  Speaker 1: Silvel Smith, turned toward an officer with a gun in
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  Speaker 1: his hand. Officials in Louisiana are warning residents that the
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  Speaker 1: danger of flooding is not over Benton rouge Meyer, Kip Holden.
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  Speaker 1: We have some homes where water is up to the roof,
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  Speaker 1: and we have paper going in in the search and
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  Speaker 1: rescue operation to see whether or not people may be
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  Speaker 1: chapped in those homes and have not gotten out. The
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  Speaker 1: flooding has left at least six people dead. The area
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  Speaker 1: has been declared a federal disaster site. A Siena College
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  Speaker 1: Bowls says Hillary Clinton has a thirty point lead over
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  Speaker 1: Donald Trump in their home state of New York. The
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  Speaker 1: survey found voters ray Clinton has more qualified and likely
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  Speaker 1: to be more effective in dealing with Congress. When third
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  Speaker 1: party candidates are included, Clinton's lead over Trump dropped slightly
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  Speaker 1: to twenty five percentage points. Global News twenty four hours
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  Speaker 1: a day, powered by more than twenty hundred journalists and
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  Speaker 1: analyst in more than one D twenty countries. I'm more Crumpton,
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  Speaker 1: this is Bloomberg, Katherine, thank you. And now let's get
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  Speaker 1: a quick check of the benchmarks as they begin to
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  Speaker 1: settle down. Industrial leverage up fifty nine points to eighteen thousand,
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  Speaker 1: six D thirty five, smp F I founded up six
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  Speaker 1: points to nine and as Jack have twenty nine points
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  Speaker 1: to fifty two sixty two, and those are records for
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  Speaker 1: all three. That's a Bloomberg business flash move around most
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  Speaker 1: grade promotion. I feel eater move. You moved like a
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  Speaker 1: do I've never seen anyone move that fast. Five peop
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  Speaker 1: let's move like you've got a purpose. He's called movers
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  Speaker 1: and shakers. They cost a little more. That name cracked
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  Speaker 1: me up. Bloomberg taking stock movers and Shakers with pimp
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  Speaker 1: box and Kathleen as on Bloomberg Radio. Movers and Shakers
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  Speaker 1: for Monday, August fifteen twenty is sixteen three hundred and
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  Speaker 1: thirty six members of the S and P five hundred advance,
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  Speaker 1: one hundred and sixty six issues decline, and three are unchanged.
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  Speaker 1: I want to bring in Bloomberg Stocks. Comments to Dave
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  Speaker 1: Wilson to kick off our movers and shakers. Dave, you
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  Speaker 1: know Twitter made this deal a few weeks ago to
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  Speaker 1: broadcast in essence National Football League games streaming videos what
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  Speaker 1: we're talking about, And now it looks like the social
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  Speaker 1: media company may be able to make a deal to
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  Speaker 1: bring its app to Apple TV, so people using that
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  Speaker 1: service can watch the NFL games on Twitter. This is
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  Speaker 1: a report of the new York Times, citing two people
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  Speaker 1: briefed on the discussions. And we're about a month away
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  Speaker 1: from the NFL season beginning, so this is definitely kind
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  Speaker 1: of front and center for investors. Twitter shares of six
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  Speaker 1: point eight percent on the day. Well this is on
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  Speaker 1: the same day, of course, Dave, there's a report today
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  Speaker 1: out about advertising social media, Twitter losing some of its
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  Speaker 1: standing by at least one recent survey. But let's be
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  Speaker 1: one of the home builders, the other end of the spectrum.
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  Speaker 1: You know, I'm a macro maven, so I love it
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  Speaker 1: when a report like this one today from the National
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  Speaker 1: Association of home Builders. We just heard Katherine Cowdy reporting
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  Speaker 1: on it. It's their home Builder Confidence Index rising to
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  Speaker 1: sixty from revised fifty eight. Anytime it's above fifty, it's good.
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  Speaker 1: So this is just getting better all the time. Measure
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  Speaker 1: of six months sales and the outlook for that rising
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  Speaker 1: to sixty seven from sixty six. So there's a big
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  Speaker 1: plus there. And you know that report comes out every month,
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  Speaker 1: but the home builders must have been poised to jump
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  Speaker 1: on it because the Toll Brothers numbers the at the
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  Speaker 1: close of the day up more than three percent. Poulties
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  Speaker 1: up one and a quarter percent, Lenar up one point
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  Speaker 1: two percent about and dr horton about point nine percent.
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  Speaker 1: Pen Let me tell you about the shares of Twilio.
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  Speaker 1: The shares jump more than nine percent after posting its
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  Speaker 1: first quarterly report. Is a publicly traded company. The shares
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  Speaker 1: of the cloud computing software business rocket it more than
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  Speaker 1: sixty percent when it opened for trading as an initial
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  Speaker 1: public offering. Currently, Twilio's chief executive Jeff Lawson, said that
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  Speaker 1: new customers such as BMW, The Home Depot, Nike Salesforce,
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  Speaker 1: dot Com, and Amazon Web Services are helping the company's business.
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  Speaker 1: The company's technology is used to communicate with customers via text, video,
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  Speaker 1: and voice. They posted a first quarter loss of eight
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  Speaker 1: cents that compares to an estimated loss of fifteen cents.
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  Speaker 1: Revenue was also higher than estimated sixty four and a
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  Speaker 1: half million dollars compared to an estimated fifty eight million.
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  Speaker 1: Twilio up more than nine percent, and that's just one
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  Speaker 1: day's trading. Twilio sold at fifteen dollars to share in
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  Speaker 1: on June twenty two, today closing at fifty seven, so
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  Speaker 1: it's almost quite ruple from its initial public offering price.
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  Speaker 1: That's saying something. I want to mention the best performer
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  Speaker 1: in the SMP five hundred index today and that would
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  Speaker 1: be Chesapeake Energy. Now, this is a company that's really suffered.
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  Speaker 1: There's a result of falling oil natural gas prices. They're
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  Speaker 1: dealing with nine billion dollars in debt. Well, they made
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  Speaker 1: a move to address that debt burden. Uh. They're going
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  Speaker 1: to banks looking for a billion dollar loan and they're
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  Speaker 1: gonna turn around, take the money and use it to
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  Speaker 1: buy back some of their debt. In fact, Chesapeake made
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  Speaker 1: an offer for about half a billion dollars in debt already.
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  Speaker 1: That came out today, and the prospect that they might
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  Speaker 1: get their arms around their debt burden a bit again
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  Speaker 1: went over well. Chesapeake Energy up nine point six percent.
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  Speaker 1: Big news today in the world of apartments and reats
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  Speaker 1: as uh, Mid America Apartment Communities agreed to buy Post
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  Speaker 1: Properties for about three point nine billion dollars. It forms
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  Speaker 1: a company with about a hundred five thousand multi family
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  Speaker 1: units amid amid rising demand for rental housing. And we're
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  Speaker 1: seeing as a result of this, actually we got Post
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  Speaker 1: Properties having a vice pop about nine point four percent
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  Speaker 1: in but Mid America often happens this way. Uh down
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  Speaker 1: about four point nine percent. I'll just quickly give you
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  Speaker 1: one more. Cisco. This is the food distributor, number one
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  Speaker 1: food distributor in North America. The shares are up nearly
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  Speaker 1: three percent at one point today, closing down about a
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  Speaker 1: tenth of a percent. They're based in Houston. They are
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  Speaker 1: looking to expense controls contributing to better than estimated earnings.
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  Speaker 1: Another point is that Trian Fund Management increased at stake
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  Speaker 1: in the company. It's got about a seven point eight
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  Speaker 1: percent position in Cisco. Of course, try and run by
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  Speaker 1: Nelson Pelts and Josh Frank. Time now for the Volatility
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  Speaker 1: slash Powerful Outcomes VIX. The VIX is closing up today
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  Speaker 1: about point to six of a point at eleven point
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  Speaker 1: eight one. And it's interesting, um with the VIX falling,
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  Speaker 1: fear retreating despite some very prominent investors saying sell the
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  Speaker 1: stocks you own, UM, it's the stock market, of course,
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  Speaker 1: continues to climb to an all time high, but just
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  Speaker 1: to show how much fear has retreated. Even though it's
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  Speaker 1: up a little bit today at eleven point eight one,
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  Speaker 1: it's not too far from her it was on August
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  Speaker 1: nine when it fell as low as eleven point oh two,
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  Speaker 1: not far from its intra day record low of well
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  Speaker 1: pretty far actually eight point a nine back at the
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  Speaker 1: end of all right, Dave here, Hi, my name is Dave.
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  Speaker 1: Just what do you think you're doing today? We're going
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  Speaker 1: for a Dave Dave Hey. Mr Wilson, tell us about
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  Speaker 1: Select Comfort. We know, one of those betting makers and
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  Speaker 1: retailers that kind of came front and center a week
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  Speaker 1: ago when you had that two point four billion dollar
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  Speaker 1: takeover offer from Mattress Firm Holding. It's sort of indicative
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  Speaker 1: of a recovery that's really been going on in the
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  Speaker 1: stock since February when it hit a low along with
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  Speaker 1: the S and P five hundred. More broadly, and just
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  Speaker 1: to put this in context, I mean, since twelve, Select
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  Speaker 1: Comfort has been swinging between about fourteen dollars and thirty
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  Speaker 1: six dollars, So we got to the round the fourteen
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  Speaker 1: dollar number earlier. This year's Select Comfort by the way
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  Speaker 1: trading under the ticker s c S s NOW. There's
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  Speaker 1: a rebound going underway. As I mentioned in the recovery
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  Speaker 1: gained some steam today after Piper Jeffrey raise its rating
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  Speaker 1: to the equivalent of buy from hold, and it was
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  Speaker 1: Peter Keith wrote in a report that he's more confident
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  Speaker 1: in the company's fourth quarter prospects and season earnings for
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  Speaker 1: next year, beating his peers estimates. Keith lifted his twelve
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  Speaker 1: month price projection for the stock to thirty one dollars.
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  Speaker 1: That's the highest amongst six analysts in Bloomberg survey, and
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  Speaker 1: in response, Select Comfort rose to its highest price in
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  Speaker 1: more than a year. The stock climbed almost seven and
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  Speaker 1: a half percent. Thank you very much, Dave Wilson, Bloomberg Stocks,
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  Speaker 1: Thomas go ahead send him an email at d Wilson
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  Speaker 1: at Bloomberg dot net. Signed up for his daily pre
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  Speaker 1: email newsletter. This is taking stock, I pim fox my coast.
• 12:01
  Speaker 1: Kathleen Hayes. This this Bloomberg coming up small businesses, helping
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  Speaker 1: them get the capital they need to grow. Small business
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  Speaker 1: lending platform Cabbage and its partnership with Scotia Bank. This
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