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. If Bloomberg
• 0:06
  Speaker 1: dot com the radio plus globile. This is a Bloomberg
• 0:11
  Speaker 1: business pluck from Bloomberg World Headquarters. I'm Charlie Pellis, Folks
• 0:15
  Speaker 1: from the group Europe ringing that closing bell. The Dow higher,
• 0:20
  Speaker 1: SMP five hundred indext little changed, NASDAK also advancing. So
• 0:24
  Speaker 1: the Dow rebounds from a one hundred five point loss
• 0:28
  Speaker 1: ahead of tomorrow's jobs report. The DAL picking up sixteen
• 0:31
  Speaker 1: points to eighteen thousand, four hundred seventeen, a gain of
• 0:35
  Speaker 1: one tenth of one percent. SMP five hundred index down
• 0:39
  Speaker 1: less than half a point one seventy little changed again.
• 0:42
  Speaker 1: We've got nastack up fourteen points to fifty two twenty seven,
• 0:47
  Speaker 1: a gain of three tenths of one percent. Treasuries climbed,
• 0:50
  Speaker 1: the dollar fell as unexpected malaise in American manufacturing had
• 0:54
  Speaker 1: traders trimming wagers. The Federal Reserve will boost interest rates
• 0:58
  Speaker 1: this month. Built Stone as chief investment strategist a PMC
• 1:03
  Speaker 1: Asset Management Group, and he was interviewed right here on
• 1:06
  Speaker 1: taking stock. If you get a bad number on Friday,
• 1:09
  Speaker 1: it doesn't necessarily mean the economies falling apart. But what
• 1:12
  Speaker 1: it does mean is pretty much take September hike off
• 1:15
  Speaker 1: the table for the FED, and maybe that just makes
• 1:18
  Speaker 1: people feel okay that you're only gonna get Let's assume
• 1:20
  Speaker 1: things kind of continue moving on in a decent pace
• 1:23
  Speaker 1: and you get that December hike, and that's it. The
• 1:25
  Speaker 1: tenure of five thirty second zeal there one point five six,
• 1:29
  Speaker 1: of course, complete coverage on the job's number eight thirty am,
• 1:34
  Speaker 1: Wall Street time tomorrow. Large automakers missed Antalis estimates for
• 1:39
  Speaker 1: US vehicle sales in August, increasing the odds that industry
• 1:43
  Speaker 1: wide sales will not extend a streak of annual sales.
• 1:46
  Speaker 1: Gains Ford and GM sold fewer discounted models to fleet buyers,
• 1:51
  Speaker 1: while pickups and suv is important because of their high
• 1:54
  Speaker 1: profit margins experienced a rare decline Fia Chrysler trail prediction.
• 2:00
  Speaker 1: The news was no better for Toyota, Nissan, and Honda,
• 2:03
  Speaker 1: all with steeper than projected declines. Crude oil down two
• 2:07
  Speaker 1: point six percent, dropping a dollar eighteen of barrel to
• 2:10
  Speaker 1: fortify three gold up by a gain of four tenths
• 2:14
  Speaker 1: of one percent four oh two on Wall Street. Now,
• 2:17
  Speaker 1: let's take a look at other news. Charlie. Thank you
• 2:21
  Speaker 1: from the Bloomberg news Room by Mark Crumpton. Republican presidential
• 2:24
  Speaker 1: nominee Donald Trump is on the campaign trail in Ohio.
• 2:28
  Speaker 1: He told a veterans group in Cincinnati He'll bring jobs
• 2:32
  Speaker 1: back to the state. I'm fighting for the forgotten men
• 2:38
  Speaker 1: and women of America. Forgotten. Believe me, forgotten. I am
• 2:46
  Speaker 1: your voice. Democratic vice presidential nominee Senator Tim Caine is
• 2:51
  Speaker 1: defending Hillary Clinton's stance on immigration, saying her plan is comprehensive,
• 2:56
  Speaker 1: that includes um basically support for Dreamers, that includes support
• 3:01
  Speaker 1: for employers, that includes a path for hard working people
• 3:05
  Speaker 1: to earn the ability to stay here as citizens over
• 3:08
  Speaker 1: many years, and also boarder security. Those are the key
• 3:11
  Speaker 1: pillars of the plan. Kane also criticized Donald Trump's trip
• 3:15
  Speaker 1: to Mexico, calling it a diplomatic embarrassment. Another setback for
• 3:20
  Speaker 1: a private space program, a SpaceX rockets set to carry
• 3:23
  Speaker 1: an Israeli communication satellite into orbit exploded this morning during
• 3:28
  Speaker 1: a test firing at Cape Canaveral. Bryan Pertel was a
• 3:31
  Speaker 1: spokesman for the Space WIN. There was a significant explosion
• 3:36
  Speaker 1: on Pad forty, which is one of our launch pads
• 3:38
  Speaker 1: at the Cape, and our emergency management teams are continuing
• 3:42
  Speaker 1: to respond, to evacuate the Cape and to contain the
• 3:47
  Speaker 1: results of this explosion. SpaceX says that no one was
• 3:50
  Speaker 1: injured in this morning's blast. Global News twenty four hours
• 3:54
  Speaker 1: a day, powered by more than twenty hundred journalists and
• 3:58
  Speaker 1: analysts in over one hundred twenty countries. I'm more Crompton.
• 4:03
  Speaker 1: This is Bloomberg, Charlie, and we thank you. What again?
• 4:07
  Speaker 1: Recapping S and P five hundred index unchanged seventy, the
• 4:11
  Speaker 1: Dow up eighteen, a gain of one tenth of one percent,
• 4:14
  Speaker 1: and as that climbed three tenths of one percent. I'm
• 4:18
  Speaker 1: Charlie Palaton. That's a Bloomberg business flash. Move around. Motion
• 4:22
  Speaker 1: creates emotion. I fear move you move like they do.
• 4:28
  Speaker 1: I've never seen anyone move that back hard people. Let's
• 4:34
  Speaker 1: move like you've got a purpose. Something's called movers and shakers.
• 4:43
  Speaker 1: They cost a little more, and that name cracked me up.
• 4:51
  Speaker 1: Bloomberg taking stock movers and Shakers with Pim Fox and
• 4:55
  Speaker 1: Kathleen As on Bloomberg Radio Live at the US Open
• 5:01
  Speaker 1: in Fleshy Mintow, Corona Park, Queens but gotta keep your
• 5:04
  Speaker 1: eye on the stock market, especially one day ahead of
• 5:06
  Speaker 1: that big job support tomorrow, that the reserve bets will
• 5:10
  Speaker 1: be certainly affected by that. We don't have to bet
• 5:13
  Speaker 1: on what happened to market today because we know now.
• 5:15
  Speaker 1: I'd say it fairly evenly divided day. We had two
• 5:18
  Speaker 1: hundred sixty eight losers if you look inside the SMP
• 5:21
  Speaker 1: five D two or thirty one gainers. Six companies whose
• 5:25
  Speaker 1: share chair prices closed unchanged. Uh. Dave Wilson is back
• 5:29
  Speaker 1: our stocks editor to kick off movers and shakers. Yea,
• 5:33
  Speaker 1: let's start with Tesla Motors, the electric carmaker run by
• 5:37
  Speaker 1: billionaire Elon Musk. We found out the Tesla plans to
• 5:41
  Speaker 1: raise more money by year end and may do so
• 5:44
  Speaker 1: by selling shares or bonds. That was disclosing of filing
• 5:48
  Speaker 1: by Musk rooftop solar company Solar City, which Tasla plans
• 5:52
  Speaker 1: to buy for two point two billion dollars in stock.
• 5:55
  Speaker 1: The disclosure did not go over well with investors Tesla
• 5:59
  Speaker 1: with the loss the five point three percent in today's trading,
• 6:02
  Speaker 1: Solar City being hit even harder. That's stock down nine. Well,
• 6:07
  Speaker 1: I want to take a look at Campbell's Campbell's Soup
• 6:10
  Speaker 1: a down day today. Uh. The hundred fifty year old
• 6:16
  Speaker 1: canned food company is trying to go fresh and it's
• 6:19
  Speaker 1: not going very well. The stock lower on a disappointing forecast.
• 6:26
  Speaker 1: The earnings for share forecast now three dollars to three
• 6:28
  Speaker 1: dollars and nine cents versus three three dollars and fifteen cents.
• 6:31
  Speaker 1: It's been hurt by product recalls. Also a poor carrot
• 6:36
  Speaker 1: harvest at Bold House Foods. That's the one point five billion,
• 6:40
  Speaker 1: billion billion dollar Accs acquisition it made recently. Um some
• 6:45
  Speaker 1: drought in California, which is its main growing region. It's amazing,
• 6:49
  Speaker 1: Dave of how much a bad carrot harvest can hurt you.
• 6:52
  Speaker 1: But if you're a company like Campbell Soup, you can
• 6:54
  Speaker 1: lead to your share price following by about sixtent in
• 6:57
  Speaker 1: a single day. It's all about raw material price is
• 7:00
  Speaker 1: in the end. Let's take a look at Diamond Offshore Drilling. Now,
• 7:06
  Speaker 1: this company h was hurt. Brazil's state run oil producer
• 7:10
  Speaker 1: Petro Brack canceled a rig contract two years ahead of schedule.
• 7:15
  Speaker 1: The move will cost Diamond Offshore about three hundred and
• 7:18
  Speaker 1: sixty million dollars in revenue through October when the contract
• 7:23
  Speaker 1: was originally scheduled to expire. Well Diamond off Shore Drilling
• 7:28
  Speaker 1: with a loss of ten point six percent today's trading,
• 7:32
  Speaker 1: and that was the biggest drop by far in the
• 7:34
  Speaker 1: S and P five, even bigger than Campbell, which had
• 7:37
  Speaker 1: the second largest decline. So now how about a look
• 7:40
  Speaker 1: at Las Vegas Sands. Uh it rose today a nice
• 7:45
  Speaker 1: jump of more than seven per cent after gaming revenue
• 7:50
  Speaker 1: grew in Macau, that's China's big gambling hub. That uh
• 7:55
  Speaker 1: gambling gaming revenue rose in August for the first time
• 7:59
  Speaker 1: in twent six months, both pros gaming revenue of one
• 8:03
  Speaker 1: point one percent to two point four billion. Uh it
• 8:05
  Speaker 1: was down four and a half percent in July. So
• 8:09
  Speaker 1: this has been a big boost to Las Vegas Ands
• 8:11
  Speaker 1: and some of the other gaming companies to day, Dave
• 8:14
  Speaker 1: absolutely as far as those other gaming companies, go MGM
• 8:17
  Speaker 1: Resorts of three point two percent when resorts up four
• 8:20
  Speaker 1: point three percent and Malco Crown of seven point four
• 8:23
  Speaker 1: percent in US trading. Let me mention cost call wholesale briefly.
• 8:27
  Speaker 1: The warehouse club chain came out with August sales figures
• 8:31
  Speaker 1: and turned out sales at stores open more than a
• 8:34
  Speaker 1: year where unchanged last month, and Alice, we're looking for
• 8:38
  Speaker 1: a one points per three percent increase on average, and
• 8:41
  Speaker 1: when they didn't get it, well, Costco share suffered as
• 8:45
  Speaker 1: a result. That's stocked down three point six percent today. Well,
• 8:50
  Speaker 1: let's take a look now at the Volatility Index report,
• 8:53
  Speaker 1: brought to you by cbo E Vics Options in futures.
• 8:56
  Speaker 1: Volatility can be harnessed with CBOEVICS Option futures, so see disclosures.
• 9:01
  Speaker 1: Learn more at cbo E dot com. Slash Powerful Outcomes, Vix, Well,
• 9:05
  Speaker 1: the VIX moved edge Tire, I should say today closing
• 9:09
  Speaker 1: up point o eight to thirteen point five. You know,
• 9:13
  Speaker 1: is it a market low? Recently on August nineteen, It's
• 9:16
  Speaker 1: risen eight of the last nine sessions. It's capping its
• 9:20
  Speaker 1: biggest weekly games so far in a year. Alright, Dave,
• 9:24
  Speaker 1: you're a h Hi, my name is Dave. Just what
• 9:30
  Speaker 1: do you think you're doing? Day? Mr Wilson. Your stock
• 9:41
  Speaker 1: of the day always bargain outlet. That's it. I mean
• 9:46
  Speaker 1: all these bargain outlet holdings is a close out retailer
• 9:49
  Speaker 1: that says itsels good stuff cheap. That's their slogan Comedy
• 9:53
  Speaker 1: is name for co founder Oliver Rosenberg, who, as you
• 9:57
  Speaker 1: might expect, was known as Ali. He and three other
• 9:59
  Speaker 1: business began with a Pennsylvania store in two and today
• 10:03
  Speaker 1: the company has two twenty locations across nineteen states in
• 10:06
  Speaker 1: the eastern US. Always went public in July of last
• 10:09
  Speaker 1: year at sixteen dollars a share. While the stocks sleep
• 10:13
  Speaker 1: below that price within weeks, the company managed to shed
• 10:16
  Speaker 1: its busted I p O status by year end, and
• 10:19
  Speaker 1: this year the price has searched as much as sixty
• 10:22
  Speaker 1: nine percent. Always rose to a record twenty eight dollars
• 10:25
  Speaker 1: and seventy two cents in April, just before the company
• 10:28
  Speaker 1: filed to sell the equivalent of a seventeen percent steak
• 10:31
  Speaker 1: on behalf of its largest shareholder, CCMP Capital. The sale
• 10:35
  Speaker 1: was completed in June and left CCMP holding twenty three
• 10:39
  Speaker 1: percent of all these shares now. Always came close to
• 10:42
  Speaker 1: breaking its record today after reporting fiscal second quarter results.
• 10:47
  Speaker 1: Earnings and sales beat analysts. Average essements in Bloomberg Survey
• 10:51
  Speaker 1: Always rose as high as twenty eight dollars and sixty
• 10:55
  Speaker 1: cents in the wake of today's trading, and UH there
• 10:58
  Speaker 1: were shares, which by the way, trade under the ticker
• 11:01
  Speaker 1: O l l I. That's ALI without the closed at
• 11:05
  Speaker 1: twenty seven dollars sixty six cents, for a gain of
• 11:09
  Speaker 1: eight point eight percent on the day. Dave, is the
• 11:12
  Speaker 1: jobs that pork going to be the potentially the big
• 11:13
  Speaker 1: stock work at wever tomorrow? Well, clearly it has that
• 11:17
  Speaker 1: potential because people are going to be really focused on
• 11:20
  Speaker 1: the numbers to try and get an idea of how
• 11:22
  Speaker 1: their influence fed policy. And beyond that, I mean, there's
• 11:26
  Speaker 1: certainly some other results to go through. We've had a
• 11:28
  Speaker 1: couple coming in after the close. Lululemon Athletic has one
• 11:31
  Speaker 1: on their down eight percent in late trading. Uh they
• 11:35
  Speaker 1: predicted that earnings for this quarter may come up short
• 11:38
  Speaker 1: of analyst average Esthmate and Bloomberg survey. We've got some
• 11:40
  Speaker 1: more numbers to go through out of Broad Common so on,
• 11:43
  Speaker 1: and so they'll be company stories, but no doubt Jobs
• 11:46
  Speaker 1: report front and center. Dave Wilson, thank you so very much,
• 11:50
  Speaker 1: our stocks editor, joining me from Bloomberg World headquarters back
• 11:53
  Speaker 1: in New York City. Well, this is broad New York City.
• 11:55
  Speaker 1: It's Queen's the US Tennis Open. I'm Kathleen Hayes, keep
• 11:59
  Speaker 1: it right here. This is Bloomberg. Oh, the business of tennis.
• 12:08
  Speaker 1: It's a big deal here at the US Open every
• 12:12
  Speaker 1: single year. We're going to be speaking to Chris R.
• 12:14
  Speaker 1: Russo from Huahan Loki about the money in tennis. Next