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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. If Bloomberg
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  Speaker 1: Radio's at Bloomberg Busy Squad from Bloomberg World Headquarters. I'm
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  Speaker 1: Catherine Cowdery and AzaC closing Bellstown's The down industri laverage
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  Speaker 1: is up thirty nine points a quarter percent rating at
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  Speaker 1: seventeen thousand, eight hundred sixty nine. SMP five fundered up
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  Speaker 1: nine points four tons of a percent at two thousand
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  Speaker 1: ninety eight, NAZAC higher by thirty two points two thirds
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  Speaker 1: of a percent at forty nine thirty three, while a
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  Speaker 1: winning session helped extend the SMP five hundreds weekly advanced
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  Speaker 1: its biggest since March. There's growing confidence at the economy
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  Speaker 1: is strengthening enough to handle higher borrowing classes. Early as
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  Speaker 1: this summer, investors have been coming to grips with the
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  Speaker 1: prospects for rising interest rates, and equities briefly trimmed gains
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  Speaker 1: after Federal Reserve here Janet Yellen said in remarks at
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  Speaker 1: Harvard University that an improving economy would probably warrant another
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  Speaker 1: rate increase in the coming months. The dollar strengthened down
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  Speaker 1: at Yellen's comment, swaying on commodity producers and consume were
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  Speaker 1: stables companies. Paul Multi, portfolio manator at King's View Asset Management,
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  Speaker 1: on the market's reaction to Yellen's comments. The market have
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  Speaker 1: helped in react much to her comments, but the bond
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  Speaker 1: market did. The bond market the infest rates popped up
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  Speaker 1: a little bit. Ten year Treasury down six thirty seconds
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  Speaker 1: with the yield of one point eight five percent. Crude
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  Speaker 1: oil fell, trimming its third weekly advances. Canadian energy producers
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  Speaker 1: moved to resume operations after wildfires eased West Texas Inemdio
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  Speaker 1: crude oil down two cents of barrel at spot, gold
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  Speaker 1: down ten dollar thirty cents an ounce to twelve twelve forty.
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  Speaker 1: Among today's top business stories. The economy expanded at a
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  Speaker 1: slightly faster pace in the first quarter than initially estimated,
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  Speaker 1: reflecting less damage from trade in inventories. The Commerce Department
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  Speaker 1: reported that gross domestic product increased an annual rate of
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  Speaker 1: eight tens of a percent in the first quarter. That's
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  Speaker 1: up from an initial estimate of half a percent. And
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  Speaker 1: there is close to choosing thanks to Arrange Funds for
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  Speaker 1: its proposed act position of Monsanto. People familiar with the
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  Speaker 1: matter say there will probably raise more than forty billion
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  Speaker 1: dollars in short term bridge financing and most of the
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  Speaker 1: remainder in term loans. Monsanto rejected Bear's initial sixty two
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  Speaker 1: billion dollar loan as too low. And now let's get
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  Speaker 1: an update on some of the other stories were following
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  Speaker 1: today right here on Bloomberg Radio. Catherine, thank you from
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  Speaker 1: the Bloomberg News room. I Mark Crumpton. This news update
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  Speaker 1: Egypt's chief investigator says the search for the egypt Their
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  Speaker 1: plane that crashed last week, killing all sixty six people
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  Speaker 1: on board, as narrowed to a three mile wide area
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  Speaker 1: in the Mediterranean Sea. That's based on signals from the
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  Speaker 1: plane's emergency beacon. The investigation team today clarified that the
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  Speaker 1: beacon information was from the day of the crash May nineteenth,
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  Speaker 1: and that no news signals have been received. President Obama
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  Speaker 1: may history today in Hiroshima, laying a wreath at the
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  Speaker 1: site of the first US nuclear bomb attack. The President
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  Speaker 1: urged moral progress alongside scientific advancements, we must our mindset
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  Speaker 1: about war itself, to prevent conflicts through diplomacy and strive
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  Speaker 1: to end conflicts after they've begun. Mr Obama is the
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  Speaker 1: first sitting US president to visit Hiroshima. The c d C.
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  Speaker 1: S Thomas Frieden says the US now has its first
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  Speaker 1: case of a patient infected with bacteria found to be
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  Speaker 1: resistant to all known antibiotics. Medicine cabinet is empty for
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  Speaker 1: some patients. It is the end of the road for
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  Speaker 1: antibiotics unless we act urgently. City Bike says it topped
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  Speaker 1: its daily ridership record on Wednesday when more than fifty
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  Speaker 1: three thousand people took out bicycles. Global News twenty four
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  Speaker 1: hours a day, powered by our hundred journalists and more
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  Speaker 1: than one hundred the news bureaus around the world. From
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  Speaker 1: the Bloomberg Newsroom, I'm Mark Crumpton, Catherine, thank you, and
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  Speaker 1: recapping as those benchmarks begin to settle down. Industrial larverage
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  Speaker 1: up forty five points to close out the week at
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  Speaker 1: seventeen thousand, eight hundred seventy two. S and p F
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  Speaker 1: I've founded up nine points to two thousand nine nastacup
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  Speaker 1: thirty two points, to forty nine. At thirty three, Bloomberg
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  Speaker 1: a Bloomberg business flash. Move around most greer promotion. I
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  Speaker 1: feel moved on the move they do. I've never seen
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  Speaker 1: anyone move that fast. Fried people's like you've got a purpose.
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  Speaker 1: He's called movers and Shakers. It costs a little more.
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  Speaker 1: That name cracked me up. Bloomberg taking Stock Movers and
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  Speaker 1: Shakers with pim Box and Kathleen as on Bloomberg Radio.
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  Speaker 1: Movers and Shakers are Friday, May twenties seven, twenty sixteen,
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  Speaker 1: three hundred and nineties. Six issues advanced in the SMP
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  Speaker 1: five hundred, one hundred and three issues fall and six
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  Speaker 1: remain unchanged. Dave Wilson, Bloomberg Stocks commis joins us now
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  Speaker 1: to begin our Movers and Shakers. Dave, I gotta talk
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  Speaker 1: about Viacom. You realize it's the ninety third birthday of
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  Speaker 1: the controlling shareholders Sumner Redstone, and it's clear he is
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  Speaker 1: not going gentle into that good night to quote phrase.
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  Speaker 1: He's already removed Viacom's chief executive, Fleet Dowmond, and a director,
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  Speaker 1: George Abrams, from a trust that will oversee his controlling
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  Speaker 1: steak when he can no longer do so. And now
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  Speaker 1: there's a question of whether Dowmen is going to keep
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  Speaker 1: his job at Viacom and whether Abrams and other directors
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  Speaker 1: will as well. Uh. In a statement, Redstone spokesman said,
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  Speaker 1: some of the red Stone will make every decision with
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  Speaker 1: the same deliberation and consideration with which he removed Philip
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  Speaker 1: Dowmand and George Abrams as trustees, based on the best
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  Speaker 1: interests of shareholders. That's as far as it went. Nonetheless,
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  Speaker 1: the idea that there may be a shake up at
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  Speaker 1: the top of Viacom went overwhelm. Viacom shares a four
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  Speaker 1: percent in today's trading. Well, you know how I love
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  Speaker 1: to follow retail, and of course I love to follow
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  Speaker 1: who doesn't, uh cosmetics. Well, that leads us to alta salon.
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  Speaker 1: What a terrific day this stock had. It was up
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  Speaker 1: as much as eleven it's closing up more than nine
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  Speaker 1: percent at two hundred thirty three dollars and change today.
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  Speaker 1: And this is all because they report better than expected
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  Speaker 1: first quarter results. They raised their full year outlook, and
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  Speaker 1: UH an analyst that no Mura, boosted his price target
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  Speaker 1: to two forty four dollars. It's interesting their comp Their
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  Speaker 1: comparable comparable store sales were up something like fifteen percent
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  Speaker 1: versus an increase of eleven point four percent in the
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  Speaker 1: first quarter last year. Here's what Numera analysts UH Simeon
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  Speaker 1: Siegal wrote in a note. In an environment where modestly
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  Speaker 1: positive comps are hailed, fiftcent lies on another plane, another plane. Alright,
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  Speaker 1: I'm gonna tell you about something that's on a new
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  Speaker 1: plane here. This is a relationship between Verizon and its
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  Speaker 1: two unions, having reached an agreement in principle on a
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  Speaker 1: new labor contract. This all according to the US Labor Department,
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  Speaker 1: and this would move move the forward the attempt to
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  Speaker 1: get rid of the strike. Forty four days strike thirty
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  Speaker 1: six thousand landline employees looking to return to work after
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  Speaker 1: the strike. They're putting the four year deal in writing
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  Speaker 1: and union members should return to work in the next week.
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  Speaker 1: Shares of rising communications up nine tenths of a percent today.
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  Speaker 1: You know, usually when you see a takeover happened, a
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  Speaker 1: company shares go up. But how about when a takeover
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  Speaker 1: threatens to fall apart? Well, today you saw a couple
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  Speaker 1: of companies shares go up in response to that prospect.
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  Speaker 1: I'm referring to Energy Transfer, Equity and Williams. They agree
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  Speaker 1: to get together less September. Since then, the value of
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  Speaker 1: the deal is followed by almost half. Companies have gone
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  Speaker 1: back and forth about whether they breached the terms. Energy
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  Speaker 1: Transfer went to court late yesterday for the right to
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  Speaker 1: scrap the transaction and to receive a breakup fee of
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  Speaker 1: almost one and a half billion dollars. Energy Transfer shares
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  Speaker 1: up five point seven percent today in the wake of
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  Speaker 1: that move, and Williams Higher as well, shares up three
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  Speaker 1: point two percent. Costco, Walmart, other dollar store chains, well,
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  Speaker 1: Big Lot is joining a very successful club these dollar
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  Speaker 1: store chains that are exceeding expectations, attracting more customers, keeping
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  Speaker 1: their operations lean. Big Lots closing up today by some
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  Speaker 1: four percent to nearly fifty one dollars a share. Uh
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  Speaker 1: They actually their their earnings crushed estimates, posting a profit
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  Speaker 1: of eighty two cents a share, topping the seventy cents
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  Speaker 1: projected by analyst Pim. I'll tell you about Whole food
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  Speaker 1: So sticking with the shopping Whole Foods Market the shares
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  Speaker 1: down about one and a half percent today. A report
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  Speaker 1: from analysts said wed Bush warned that the new three
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  Speaker 1: sixty five format from Whole Foods Market is a long
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  Speaker 1: term threat to Sprouts farmers Market, but that the slow
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  Speaker 1: rollout of three gives Sprouts plenty of time to adjust.
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  Speaker 1: Shares of Whole Foods Market down one and a half
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  Speaker 1: percent today. Time now for the volatile of the Inks
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  Speaker 1: Powerful Outcomes VIX. The VIX closing lower by a full
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  Speaker 1: percent or mo or at thirteen point oh a, on
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  Speaker 1: track for a five week low. It's also poised for
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  Speaker 1: the first weekly decline in three All right, Dave, you're
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  Speaker 1: h my name is Dave. Just what do you think
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  Speaker 1: you're doing today? We're going for the price down wil
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  Speaker 1: Dave Dave Hey, Mr Wilson Bloomberg Stocks. Colm, It's called
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  Speaker 1: tell us about a company that I confess until I
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  Speaker 1: read your piece, I did not know anything about it.
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  Speaker 1: It's been so much in the news. I mean, first
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  Speaker 1: they had a busted ipl then they had a busted deal.
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  Speaker 1: You don't see that all the time. Now, this is
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  Speaker 1: a company that installs rooftop solar systems. They went public
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  Speaker 1: in September or tickers v s l R Vitman made
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  Speaker 1: its initial public offering it's sixteen dollars to share. The
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  Speaker 1: stock fell below that price on the second day of trading,
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  Speaker 1: and by the third day, the i p O had
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  Speaker 1: gone bust. Now, Vivant did get back to sixteen dollars
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  Speaker 1: is once on July twenty one, the day after the
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  Speaker 1: company agreed to a two point two billion dollar offer
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  Speaker 1: from the solar plant developer son Edison. Vivid backed out
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  Speaker 1: of the purchase in March as son Edison headed for bankruptcy.
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  Speaker 1: So there's your busted deal. Two weeks ago, Vivin fell
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  Speaker 1: as low as two dollars and sixteen cents. That's a
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  Speaker 1: plunge of eighty six percent from the I p O price.
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  Speaker 1: The stock then began a rebound, and the recovery accelerated
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  Speaker 1: today after Deutsche Bank raised the stocks rating to buy
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  Speaker 1: from hold. Analyst Mishal Shaw wrote in a report that
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  Speaker 1: Vivian stands to benefit from strong US residential demand. That
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  Speaker 1: prospect sent the company's shares to the biggest one day
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  Speaker 1: game since the Son Edison deal was announced. They searched
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  Speaker 1: forty two percent. That's quite a nice game. Hey, davioson
• 11:48
  Speaker 1: we have a great holiday weekend. Davilson our stocks editor,
• 11:52
  Speaker 1: resident music colleges. You can follow on Twitter at the
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  Speaker 1: one day up. Next, we are going to look at
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