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

• 0:02
  Speaker 1: Global business news twenty four hours a day at Bloomberg
• 0:05
  Speaker 1: dot com, the radio, plus mobil and on your radio.
• 0:08
  Speaker 1: This is a Bloomberg Business Flash from Bloombird World Headquarters.
• 0:13
  Speaker 1: Signed Charlie Pella. Sound of the closing bell of the
• 0:16
  Speaker 1: New York Stock Exchange, Folks from Volunteers of America ringing
• 0:19
  Speaker 1: that closing bell and it is on to the weekend
• 0:22
  Speaker 1: after a holiday short and week. No record today for
• 0:25
  Speaker 1: the SMP five hundred index to close there twenty one
• 0:29
  Speaker 1: twenty nine the records set back in May of last
• 0:31
  Speaker 1: year twenty one thirty point eight two on the SMP
• 0:34
  Speaker 1: five hundred index. Very close today, down industrials rallying two
• 0:39
  Speaker 1: hundred forty six points up one point four percent, SMP
• 0:43
  Speaker 1: gaining thirty one points and advance there one and a
• 0:46
  Speaker 1: half percent. Nastack Compositive Index up seventy nine points, a
• 0:50
  Speaker 1: gain of one point six percent. For the week, the
• 0:53
  Speaker 1: SMP five hundred index did advance one point three percent well.
• 0:57
  Speaker 1: The US labor markets stirred to life June. That was
• 1:00
  Speaker 1: the catalyst for today's advance. Labor department set employers added
• 1:04
  Speaker 1: two hundred eighty seven thousand jobs, far more than the
• 1:08
  Speaker 1: Economists Survey by Bloomberg. We're expecting. Ethan Harris is head
• 1:12
  Speaker 1: of Global economics research at Meryll Lynch. He was our
• 1:14
  Speaker 1: guest this afternoon right here on taking Star. I think
• 1:17
  Speaker 1: we're finally there at that late stage of the cycle
• 1:21
  Speaker 1: where workers get get in a more balanced relationship with
• 1:25
  Speaker 1: their employers. Um, this is good news for the economy. Um,
• 1:30
  Speaker 1: it's telling you that there's been a real healing process here.
• 1:34
  Speaker 1: It's taken a long time, but um, you know FED
• 1:37
  Speaker 1: policy is working. It's just working very slowly. Gold trading
• 1:42
  Speaker 1: higher by five dollars thirty cents the thirteen sixty seven,
• 1:46
  Speaker 1: a gain of four tenths of one percent, the tenure
• 1:48
  Speaker 1: up seven thirty seconds. Looking at a yield on the
• 1:50
  Speaker 1: tenure now of one point three five percent. Crude oil
• 1:55
  Speaker 1: West Texas Intermediate eighteen of barrel up point one percent,
• 1:59
  Speaker 1: Frank crude up five tenths of one percent, sixty two
• 2:02
  Speaker 1: for a barel of brant So recapping the equity numbers
• 2:06
  Speaker 1: SP five hundred index ending the week at ninety one points,
• 2:11
  Speaker 1: a gain of one and a half percent. Nez Dan
• 2:14
  Speaker 1: Cup one point six four oh two on Wall Street.
• 2:17
  Speaker 1: Now will look at the other stories making news. Thank you,
• 2:20
  Speaker 1: Charlie from the Bloomberg Newsroom. I'm Jill Schneider. Dallas Police
• 2:24
  Speaker 1: Chief David Brown says last night's attack was well planned.
• 2:27
  Speaker 1: Speaking at a prayer vigil in downtown Dallas today, Brown
• 2:31
  Speaker 1: called last night shootings quote a well thought out, evil
• 2:34
  Speaker 1: tragedy that has left the city in shock. We are heartbroken.
• 2:38
  Speaker 1: President Obama is in Warsaw, Poland for a two day
• 2:41
  Speaker 1: NATO summit and spoke about the attack. We will learn more,
• 2:45
  Speaker 1: undoubtedly about they're twisted motivations, but let's be clear, there's
• 2:50
  Speaker 1: no possible justification for these kinds of attacks or any
• 2:55
  Speaker 1: violence against law enforcement. Mr. Obama said he is horrified
• 2:58
  Speaker 1: by the shootings, which he called calculated, vicious, and despicable.
• 3:02
  Speaker 1: Police departments across the country are reacting to the deadly
• 3:05
  Speaker 1: attack in Dallas with a mix of sorrow for the
• 3:08
  Speaker 1: victims and concern for their own. Departments that normally allow
• 3:12
  Speaker 1: officers to patrol alone, including Chicago, Las Vegas, Cincinnati, and
• 3:16
  Speaker 1: here in New York, or ordered today to team up
• 3:18
  Speaker 1: in pairs as a safety measure. Ten states are suing
• 3:21
  Speaker 1: the federal government over rules requiring public schools to allow
• 3:24
  Speaker 1: transgender students to use restrooms and locker rooms conforming to
• 3:29
  Speaker 1: their gender identity. The lawsuit was filed today in federal
• 3:32
  Speaker 1: court in Nebraska. Some environmental organizations have filed a federal
• 3:36
  Speaker 1: lawsuit in New York to block the sale of Plum Island,
• 3:40
  Speaker 1: home to the nation's only animal disease testing laboratory. The
• 3:44
  Speaker 1: US government plans to move the lab to Kansas and
• 3:46
  Speaker 1: sell the island. The lawsuit claims to federal agencies failed
• 3:50
  Speaker 1: to consider all options for the island before proceeding with
• 3:53
  Speaker 1: a planned sale. Global News twenty four hours a day,
• 3:56
  Speaker 1: powered by more than journalists and analysts in more than
• 4:00
  Speaker 1: one twenty countries from the Bloomberg News Room. I'm Jill Schneider, Charlie,
• 4:05
  Speaker 1: and we thank you and again recapping SMP five hundred
• 4:08
  Speaker 1: indecks sending the week at twenty one nine, just shy
• 4:12
  Speaker 1: of its record, up thirty two points, picking up one
• 4:16
  Speaker 1: and a half percent today. I'm Charlie Pellett. That's a
• 4:19
  Speaker 1: Bloomberg Business Flash move around motion, great promotion at the
• 4:25
  Speaker 1: move on the move like they do. I've never seen
• 4:28
  Speaker 1: anyone move that back hard Peoplet's move to better purpose.
• 4:40
  Speaker 1: That was called movers and shakers. It cost a little
• 4:43
  Speaker 1: more about that name. Cracked me up. Bloomberg taking stock
• 4:52
  Speaker 1: Movers and Shakers with Pim Fox and Kathleen As on
• 4:56
  Speaker 1: Bloomberg Radio. Take a look now, have the SMP high
• 5:01
  Speaker 1: hundred a definitive almost move higher? Today? Four ninety seven
• 5:06
  Speaker 1: companies saw their share price and higher, only eight lower
• 5:10
  Speaker 1: zero unchanged. Dave Wilson, A lot of a lot of
• 5:14
  Speaker 1: upper lot up moves to a lot of green arrows
• 5:17
  Speaker 1: up there? Which one are you gonna look at? Well,
• 5:18
  Speaker 1: I want to come back to a couple of stocks
• 5:20
  Speaker 1: we talked about earlier this week, and that would be DuPont,
• 5:25
  Speaker 1: and it's been off from last year. Camels Uh. You
• 5:28
  Speaker 1: may recall that they faced the judgment UH jury awarding
• 5:34
  Speaker 1: five point one million dollars in a case involving Teflon. Well,
• 5:40
  Speaker 1: there was another decision in that case today regarding cunitive
• 5:45
  Speaker 1: damages and DuPont, according to this jury only has to
• 5:49
  Speaker 1: pay half a million dollars and the lawyers for the
• 5:55
  Speaker 1: plaintiff we're looking for as much as one point two
• 5:59
  Speaker 1: billion in damages on the punitive side. So that decision
• 6:05
  Speaker 1: definitely went over. Well, you've got DuPont shares up two
• 6:08
  Speaker 1: point nine percent today and Camors with a gain of
• 6:13
  Speaker 1: seventeen I'm going to tell you about the shares of
• 6:16
  Speaker 1: firearm makers Smith and Wesson, Sturm Ruger, as well as
• 6:20
  Speaker 1: the stunt gun and the officer warn, camera maker Taser,
• 6:23
  Speaker 1: and the camera maker Digital Ally, all moving higher today
• 6:27
  Speaker 1: after the Dallas police shooting late Thursday. Shares a Smith
• 6:31
  Speaker 1: and Wesson based from yesterday's close up more than seven percent,
• 6:35
  Speaker 1: stem Ruger up more than seven percent, Taser up more
• 6:38
  Speaker 1: than nine percent, and Digital Ally up more than eighty
• 6:42
  Speaker 1: six percent. Let's take a look at a retailer gap.
• 6:46
  Speaker 1: You know, it is still the biggest US apparel focused retailer,
• 6:51
  Speaker 1: closing nearly five percent higher today after a post of
• 6:54
  Speaker 1: June sales, the topped analyst estimate. In fact, total same
• 6:58
  Speaker 1: store sales is a very important ben mark for retailers,
• 7:01
  Speaker 1: up two percent in June. Analysts had predicted a three
• 7:04
  Speaker 1: point six percent decline, and the company's off price old
• 7:08
  Speaker 1: Navy brand lead the results, comparable store sales increasing five percent,
• 7:12
  Speaker 1: topping the three point three percent drop analyst has expected.
• 7:16
  Speaker 1: So you can see why this was so impressive to investors.
• 7:19
  Speaker 1: And it's so important too that transverse for Old Navy,
• 7:23
  Speaker 1: because it had stumbled as the comp store sales slipped
• 7:25
  Speaker 1: in six of the past eight months and made the
• 7:28
  Speaker 1: company said it was shutting Japanese Old Navy stores and
• 7:30
  Speaker 1: refocusing on North American China. Looks like it's paying off today.
• 7:34
  Speaker 1: Big day for car rental companies. And all this has
• 7:37
  Speaker 1: to do with an index of used car prices compiled
• 7:41
  Speaker 1: by the folks at Mannheim Consulting uh M CAM Partners,
• 7:46
  Speaker 1: noting in a report that wholesale prices rose one point
• 7:50
  Speaker 1: nine percent in June from a year earlier. According to
• 7:54
  Speaker 1: this Manheim index was the third straight month of improvement
• 7:58
  Speaker 1: and now there's only one point three percent off it's
• 8:01
  Speaker 1: record high back in May twleven. So use car prices
• 8:06
  Speaker 1: holding up. That means that you know, these companies can
• 8:10
  Speaker 1: generate more revenue when they sell off their fleets. Uh
• 8:13
  Speaker 1: AVIS budget with a gain of twelve percent in today's
• 8:17
  Speaker 1: trading and hurts Global holdings up ten percent on the day.
• 8:21
  Speaker 1: I'll tell you about Humanita. Shares of Humanity down more
• 8:24
  Speaker 1: than two and a half percent today. It's a drop
• 8:27
  Speaker 1: of more than four and a half dollars a share
• 8:30
  Speaker 1: Humanities price target was cut to a hundred and sixty
• 8:32
  Speaker 1: dollars from a hundred and eighty five dollars because of
• 8:35
  Speaker 1: increased regulatory risk associated with its merger potential merger with Etna.
• 8:40
  Speaker 1: This according to Credit a Suite analyst Scott Fidell. He
• 8:44
  Speaker 1: mentions in the note that the d o J has
• 8:46
  Speaker 1: significant concerns about the merger of the two healthcare entities
• 8:51
  Speaker 1: and that they may reduce consumer choices in Medicare advantage
• 8:54
  Speaker 1: program once again. Shares of Humanity down more than two
• 8:57
  Speaker 1: and a half percent. Quick look at to Arbor uh
• 9:01
  Speaker 1: under Armour having a downside according to Morgan Stanley because
• 9:04
  Speaker 1: the the industry is looking at stronger athletic apparel sales
• 9:07
  Speaker 1: and we're actually going to see under Armour in fact
• 9:09
  Speaker 1: closing down about a quarter candid for two of the
• 9:14
  Speaker 1: day's eight decliners in the SPI because two classes of
• 9:18
  Speaker 1: under Armor shares are in that index. Very good, Dave
• 9:20
  Speaker 1: will well done, Dave Wilson always on top of those
• 9:23
  Speaker 1: dual classes. Very interesting. All right, Now it's time with
• 9:25
  Speaker 1: the Volatility Index Report. It is brought to you by
• 9:27
  Speaker 1: cbo E VIS Options and Futures Volatility can be harnessed
• 9:31
  Speaker 1: with cbo E Vicks options and Futures c disclosures. Learn
• 9:34
  Speaker 1: more at cbo E dot com. Slash Powerful Outcomes VIX.
• 9:38
  Speaker 1: The VIX dropping more than nine and a quarter percent
• 9:41
  Speaker 1: to drop one point three eight, settling at thirteen point
• 9:44
  Speaker 1: three eight, and it is testing it's year long support
• 9:48
  Speaker 1: line of around twelve point seven five. Pay attention to it.
• 9:51
  Speaker 1: If it continues to drop, it may mean that we're
• 9:53
  Speaker 1: entering another leg of a bowl market. All right, Dave,
• 9:57
  Speaker 1: you're up, hi, My name is just what do you
• 10:03
  Speaker 1: think you're doing? We're going for the price found Dave,
• 10:08
  Speaker 1: Dave Dave. Price Smart doesn't look so smart today, Not today, Kathleen.
• 10:14
  Speaker 1: I'll tell you though, if you're ever in Central America
• 10:17
  Speaker 1: or the Caribbean, don't bother looking for a cost Co
• 10:20
  Speaker 1: warehouse club. You won't find any. The two regions are
• 10:23
  Speaker 1: home to price Smart, which has only tangential ties to Costco.
• 10:27
  Speaker 1: As it turns out, price Smart was co founded in
• 10:30
  Speaker 1: nine by Sault Price, who previously started the price Club chain.
• 10:34
  Speaker 1: Costco bought Price Club in ninety seven and two spinos later.
• 10:38
  Speaker 1: Price Smart became an independent company uh It shares straight
• 10:42
  Speaker 1: under the ticker p s mt now. Price Smart rose
• 10:45
  Speaker 1: to a record in November and later fell as much
• 10:48
  Speaker 1: as in response to disappointing results. While the stock recouped
• 10:53
  Speaker 1: some of those losses during the past five months, the
• 10:55
  Speaker 1: recovery was set back today. Here's why. Price Smart's fiscal
• 10:59
  Speaker 1: Thirk order learnings trail analysts average asthmate to Bloomberg survey
• 11:03
  Speaker 1: by fifteen cents to share, and the company said June
• 11:07
  Speaker 1: sales dropped one point nine percent at locations open more
• 11:11
  Speaker 1: than a year. Brice Smart has been hurt by its
• 11:13
  Speaker 1: decline in the Colombian Paso, among other things. And today well,
• 11:18
  Speaker 1: the stock fell almost nine percent and that was the
• 11:21
  Speaker 1: biggest decline for price Smart in eighteen months. Dave Wilson,
• 11:27
  Speaker 1: thank you very much, Bloomberg Stocks. Thomas Dave sent us
• 11:30
  Speaker 1: an email at d Wilson at Bloomberg dot net and
• 11:33
  Speaker 1: sign up for the daily free email newsletter. You will
• 11:36
  Speaker 1: become a smarter investor. Just this note that the CBS
• 11:40
  Speaker 1: Radio has filed for its initial of public offering. They'll
• 11:44
  Speaker 1: be spinning that off as a separate company. You're listening
• 11:48
  Speaker 1: to taking stock. I'm pim Fox. My co host Kathleen Hayes.
• 11:52
  Speaker 1: Coming up, We've got more on sports money and how
• 11:57
  Speaker 1: to make it in both you're listening to taking Stock
• 12:01
  Speaker 1: and this is Bloomberg. A unique summer of soccer, the
• 12:07
  Speaker 1: Copa America tournament with the US team that reached the quarterfinals.
• 12:10
  Speaker 1: In the Europe twenty six tune in France, the talk
• 12:12
  Speaker 1: of Europe. Is soccer really gonna become a bigger money
• 12:16
  Speaker 1: maker in the United States. We're going to find out