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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 Roboloft and on your radio.

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Speaker 1: This is a Bloomberg Business Flash from Bloomberg World Headquarters.

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Speaker 1: I'm Charlie Pellett. Folks from s A. P. Ringing the

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Speaker 1: closing bell s and P five hundred index moving lawer

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Speaker 1: on this first training day of the new month. Town

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Speaker 1: industrials also declining, MASDAK moved higher. Falling crew prices sparked

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Speaker 1: a deepening sell off in energy shares, weighing on investor

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Speaker 1: confidence the US growth and corporate profits will rebound today.

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Speaker 1: West Texas Intermediate Crew down three point nine percent, thirty

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Speaker 1: nine ninety nine for a barrel of West Texas Intermediate

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Speaker 1: down a dollar sixty one. US manufacturing expanded in July,

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Speaker 1: though a slower pace, indicating gradual improvement that could help

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Speaker 1: the economy emerged from a week first half of the year.

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Speaker 1: Bratt Halcolm is the chairman of the Manufacturing Business Survey

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Speaker 1: at the Instant for Supply Management. He was our guest

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Speaker 1: this afternoon right here on taking stock. P m I

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Speaker 1: is off just over a half a point, but still

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Speaker 1: pretty consistent with what we've seen for the fast few months.

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Speaker 1: New Orders is leading the way at fifty six point nine,

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Speaker 1: is down a tenth of a point, still a very

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Speaker 1: strong number. Fifteen percent of American households have either zero

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Speaker 1: or negative net wealth. That's according to a survey conducted

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Speaker 1: by the Federal Reserve Bank of New York, potentially affecting

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Speaker 1: their ability to save for major purchases and restricting their

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Speaker 1: access to credit. Varison Communications buying GPS vehicle tracking company

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Speaker 1: fleet Matics Group in an all cash deal valued at

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Speaker 1: two point four billion dollars, the tenure down fifteen thirty seconds,

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Speaker 1: Zeal there one point five percent, Gold up three fifty ounce,

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Speaker 1: the thirteen fifty six gain of three tenths of one percent,

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Speaker 1: the SMP down two points to twenty one seventy, a

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Speaker 1: drop there of point one percent, and as a stack

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Speaker 1: of twenty two to four a gain of four tenths

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Speaker 1: of one percent, and the Dow Jones Industrial Average slumping

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Speaker 1: twenty seven points, down two tenths of one percent four

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Speaker 1: o two on Wall Street. Now, let's take a look

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Speaker 1: at other news from around the world. On Bloomberg Radio, Charlie,

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Speaker 1: Thank you from the Bloomberg news Room, by Mark Crumpton,

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Speaker 1: Democratic presidential nominee Hillary Clinton will attend a rally in

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Speaker 1: Omaha today alongside billionaire Nebraska native Warren Buffett. Among those

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Speaker 1: Mrs Clinton's hoping to win over a former Bernie Sanders supporter,

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Speaker 1: Chelsea Gentry Tipton, the Black Caucus chair of the Nebraska

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Speaker 1: Democratic Party. The political revolution is still going on, and um, ultimately,

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Speaker 1: it's important that we keep Trump out. Donald Trump is

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Speaker 1: trying to explain comments that suggested he wasn't aware that

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Speaker 1: Russian troops were in Ukraine. Trump tweeted today that President

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Speaker 1: Putin is not going into Ukraine. Quote if I am

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Speaker 1: president already in crimea end quote. The time may be

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Speaker 1: limited before President Obama leaves office, but he does have

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Speaker 1: a wish list for Congress. Funding for ZEKEA virus takes

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Speaker 1: the top spot. According to Bloomberg D and a's White

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Speaker 1: House correspondent Cheryl Boland, that is something that Congress was

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Speaker 1: trying to get done right in at the end of

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Speaker 1: the middle of July there when they left and just

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Speaker 1: couldn't get across the finish line. Also waiting for approval

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Speaker 1: the Trans Pacific Partnership Trade Agreement. You can be sure

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Speaker 1: that the White House even in early September, is going

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Speaker 1: to be going back to members of Congress and saying,

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Speaker 1: if you want this trade agreement past, it's going to

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Speaker 1: have to be done before this president leaves office. Nancy

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Speaker 1: lyons Bloomberg Radio, the New York Yankees have agreed to

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Speaker 1: a trade that will send out fielder Carlos Beltron to

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Speaker 1: the Texas Rangers for pitching prospect and multiple media reports

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Speaker 1: say the Mets are working on a deal to require

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Speaker 1: the reds. Jay Bruce Global News twenty four hours a day,

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Speaker 1: powered by more than journalists and analysts and more than

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Speaker 1: one countries. I'm more Crumpton. This is Bloomberg, Charlie, and

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Speaker 1: we thank you, but again recapping the Dalla SMP Lord

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Speaker 1: Nestack advancing this update brought to you by Sector Spider

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Speaker 1: E t F S. Why buy a single stock when

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Speaker 1: I'm Charlie Pellett, and dat's a Bloomberg business flash move around.

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Speaker 1: Morton creates motion move move like they do. I've never

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Speaker 1: seen anyone move that back hard. People's moved like to dread.

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Speaker 1: A purpose is called movers and shakers. They cost a

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Speaker 1: little more about that name cracked me up. Bloomberg taking

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Speaker 1: stock Movers and Shakers with Bim Box and Kathleen As

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Speaker 1: on Bloomberg Radio Movers and Shakers for Monday, August. The

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Speaker 1: first twenty sixteen two hundred and four issues in the

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Speaker 1: SMP five hundred advanced two hundred and nineties, seven issues

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Speaker 1: decline and four remain unchanged. That's bringing Dave Wilson Bloomberg

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Speaker 1: Stocks comments to begin our Movers and Shakers. Let's talk

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Speaker 1: about the biggest gain in the SNP five hundred today

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Speaker 1: and that belonged to Biogen, the drug maker Exercise an

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Speaker 1: option to develop and sell a treatment for spinal muscular

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Speaker 1: atrophy after the drug reached the main goal of a

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Speaker 1: final stage study. Now Biogen paid a seventy five million

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Speaker 1: dollar license fee to the drugs original developer, Ionis Pharmaceuticals

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Speaker 1: biogena four point one percent in today's training. In the

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Speaker 1: wake of that development. Ionis, the former ISIS Pharmaceuticals changed

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Speaker 1: its name after Isis said developed the shall we say

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Speaker 1: an unsavory connotation that stock up more than well. I

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Speaker 1: want to take a look at off shore rig owners

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Speaker 1: of falling the most in more than a month, as

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Speaker 1: oil UH fell at least briefly below forty dollars a barrel.

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Speaker 1: Diamond Offshore Drilling as we have headed into the clothes

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Speaker 1: UH down actually almost eight percent. It's competitors Transition and

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Speaker 1: end Scope PLC and Noble also falling. Explorers of slash

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Speaker 1: from off offshore spending since more cuts are expected next year,

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Speaker 1: said Mark Edwards, he's CEO at Diamond Offshore. He said

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Speaker 1: this today on a conference call him I'll just tell

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Speaker 1: you about the shares of Lows today a Lows Corp

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Speaker 1: down a nearly a two percent. The company, of course

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Speaker 1: operates in three distinct areas as Cienna Financial, the insurance

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Speaker 1: arm as well as the oil business. Indeed, also they

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Speaker 1: have a hospitality business on the Prince called today the

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Speaker 1: chief executives to Tish saying that the oil drilling may

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Speaker 1: seem bleak, will have an happy ending and he says

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Speaker 1: that the silver lining of the drilling slump is that

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Speaker 1: the oil price will inevitably rebound. He also cites renovation

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Speaker 1: plans at the hotel unit for muted results. Once again,

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Speaker 1: shares of Low's Corps down about two percent Lows has

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Speaker 1: a fifty three percent steak and diamond off shore, so

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Speaker 1: they were definitely hurt by what that company had to say.

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Speaker 1: You know, when you look at solar industry and you

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Speaker 1: think about deal making, what comes to mind immediately is

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Speaker 1: Solar City and Tesla Motors. I want to look at

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Speaker 1: another deal. Treat a Solar This is a Chinese company,

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Speaker 1: biggest maker of solar panels. It's been public in the

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Speaker 1: US since two thousand six and actually for the last

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Speaker 1: couple of months or so, traded below its I p

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Speaker 1: O price. Now you have a takeover offer on the

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Speaker 1: table from a Chinese investor group, and we're talking about

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Speaker 1: a one point one billion dollar deal announced today and

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Speaker 1: shure enough, the shares take off. Trina Solar American depositary

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Speaker 1: receipts their version of shares up more than twenty five

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Speaker 1: in today's trading. And we'll be speaking to Gordon Johnson

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Speaker 1: from Axiom Capital Management about Trina, also about Tesla lowering

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Speaker 1: its bid for Solar City. Later in the half hour,

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Speaker 1: when I took a quick look at Caesar's Entertainment, big

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Speaker 1: move up today. In fact, Caesar's gaining about looks like

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Speaker 1: almost well six point six percent at the close, off

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Speaker 1: the day's best levels, but it agreed over the weekend

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Speaker 1: to sell its casino style online games unit, plate Tica

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Speaker 1: for four point four billion dollars to Chinese investors led

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Speaker 1: by Shanghai Giant Network Technology Company. It could give Caesar's

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Speaker 1: more cash to help reach a settlement with bondholders of

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Speaker 1: its largest division, which filed for bankruptcy in January. And

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Speaker 1: Verizon Communications down today a little bit more than one

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Speaker 1: and a half percent for rising agreeing to buy the

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Speaker 1: GPS vehicle tracking company Fleet Madox Group. It is an

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Speaker 1: all cash deal value to two point four billion dollars,

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Speaker 1: and of course this is at premium to fleet Matos

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Speaker 1: closing price last week. The company is based in Dublin

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Speaker 1: and it develops software that tracks commercial drivers vehicle location

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Speaker 1: as well as fuel usage, speed and mileage for better

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Speaker 1: fleet management. Once again, the share is a Verizon today

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Speaker 1: down more than one and a half percent. It's time

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Speaker 1: now with the Volatility Index report. It has brought to

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Speaker 1: you by cbo evvis Options and Futures. Volatility can be

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Speaker 1: at cbo e dot com slash Powerful Outcomes vix uh

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Speaker 1: it's the best level today. The VIX was up six

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Speaker 1: percent up now about a half point at twelve point

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Speaker 1: four two at the close. This is his first climb

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Speaker 1: in four days after its biggest monthly declined since mark.

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Speaker 1: The VIX has lost twenty four percent in the previous

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Speaker 1: month the month of July, after a ten percent increase

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Speaker 1: the month before. All right, Dave, you're up. Hi, My

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Speaker 1: name is Dave. Just what do you think you're doing.

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Speaker 1: We're going for the bankfound Dave. Dave Hey, Mr Wilson,

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Speaker 1: there are some unhappy people in Kingwood, Texas today. Tell

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Speaker 1: us why, Well, it's all about Inspirity, and I presume

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Speaker 1: that's where they're based. So businesses that would rather not

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Speaker 1: run their own human relations department turned to Inspirity to

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Speaker 1: handle the work. Company overseas recruiting and hiring, manages employee benefits,

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Speaker 1: and provides health insurance, among other things. Inspirity has been

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Speaker 1: publicly traced since company shares a list of the ticker

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Speaker 1: n SP. They've served as much as sixty nine percent

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Speaker 1: this year in a while received set of first quarter

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Speaker 1: results spurred evans now Sperity released second quarter results today

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Speaker 1: and they didn't go over well at all. Earnings were

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Speaker 1: just one cent of share higher than analysts average estimate

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Speaker 1: in Bloomberg Servty. I say just because in the first

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Speaker 1: quarter profit came out ahead by sixteen cents. Last quarters,

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Speaker 1: revenue growth slowed as well, and in response, insperity shares

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Speaker 1: gave back much of their gains after the previous earnings report.

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Speaker 1: Stock fell on today's trading by almost fourteen and a

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Speaker 1: half percent, and that was the biggest one day decline

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Speaker 1: in almost three and a half years. Dave Wilson so

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Speaker 1: glad to have you back his Stock of the day

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Speaker 1: every day at four o'clock Wall Street time here on

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Speaker 1: taking Stock. He is our stock editor, our resident musicologists.

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Speaker 1: You can follow on Twitter at the one Dave Big

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Speaker 1: dive into Solar coming up, Tesler lowering its bid for

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Speaker 1: Solar City, Tina Solar going private and by the way,

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Speaker 1: US solar demand is on the Wayne Kathleen Hayes Long

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Speaker 1: with pim Fox. This is Bloomberg m H. Bloomberg. Taking

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Speaker 1: Stock is brought to you by land Rover. When towers

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