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Speaker 1: Global business news twenty four hours a day. If Bloomberg

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Speaker 1: dot Com so the radio plus mobile left and on

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Speaker 1: your radio. This is a Bloomberg Business Flash from Bloomberg

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Speaker 1: World Headquarters. I'm Charlie Pellett's sound of the closing develop

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Speaker 1: the New York Stock Exchange as we wrap up trading

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Speaker 1: on this Friday, May twentie, Yes, an up week for

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Speaker 1: the SMP five index, and we are brought to you

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Speaker 1: by Sector Spider et F S. Why by a single

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Speaker 1: stock when you can invest in the entire sector? Visit

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Speaker 1: Sector spd r s dot com or call Sector e

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Speaker 1: t F. The SMP five hundred rebounding from a seven

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Speaker 1: week low, led by a rally in tech shares amid

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Speaker 1: easing anxiety over the potential for higher interest rates as

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Speaker 1: early as next month. Applied Materials searging thirteen percent today

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Speaker 1: after forecasting sales that may beat analysts estimates, spurring gains

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Speaker 1: among technology companies. Applied up thirteen point eight one percent,

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Speaker 1: Chip a Kers jumping the most in February, with Intel

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Speaker 1: moving higher today. Intel up by one point eight percent,

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Speaker 1: Apple increasing by nine a one point one percent today

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Speaker 1: on the way to its first weekly advance in five,

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Speaker 1: Deer and Company dropping five and a half percent today,

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Speaker 1: down four fifty one to seventy seven dollars seventy four

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Speaker 1: since the world's biggest farm equipment manufacturer, lowing a lowering

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Speaker 1: its fiscal full year profit outlook on projections for reduced

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Speaker 1: sales of tractors and combines as farmers space a decline

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Speaker 1: in income. Carol Uglhard is with Bloomberg Intelligence. She was

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Speaker 1: our guest today right here on taking stock. Construction equipment

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Speaker 1: have been weak. Uh, they have largely North American exposure. UM.

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Speaker 1: The pricing was a lot worse there and they indicated

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Speaker 1: that big competitors were discounting more than expected and shaded

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Speaker 1: that it wasn't necessarily the Japanese. So that's probably um

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Speaker 1: capill It, which is the biggest construction equipment producer. Footlock

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Speaker 1: here posted first quarter results that suggests the US consumer

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Speaker 1: melas maybe spreading to the athletic gear market. Foot Locker

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Speaker 1: down six and a half percent, Gold down one seventy,

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Speaker 1: the ounce to drop a point one percent, SMP up

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Speaker 1: twelve a game of point six percent, the Dow up

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Speaker 1: by four tenths of one percent four oh two on

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Speaker 1: Wall Street now a look at the other news. Charlie.

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

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Speaker 1: at its convention in Louisville, Kentucky. The National Rifle Association

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Speaker 1: today endorsed Donald Trump for president. In two thousand, Trump

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Speaker 1: was among those calling for an assault weapons ban. Today

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Speaker 1: he had this message, I will not let you down.

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Speaker 1: Remember that, I will not let you do. The n

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Speaker 1: r A CEO Wayne Lapierre accused Democrats of using super

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Speaker 1: delegates to rig the system. It's a dirty inside game.

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Speaker 1: It's a corrupt system, but no one should be surprised

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Speaker 1: corruption as followed Hillary Clinton almost her entire three. European

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Speaker 1: security officials say the passenger list for egypt Air flight

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Speaker 1: eight oh four contains no known names on current terror

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Speaker 1: watch lists. The plane was carrying sixties six people from

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Speaker 1: Paris to Cairo Thursday, when it's believed to have crashed

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Speaker 1: in the Mediterranean Sea. The head of the Transportation Security

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Speaker 1: Administration says he's hiring more staffers and adding knine units

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Speaker 1: in an effort to get airline passengers moving faster through

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Speaker 1: those long security lines. But Administrator Paul Neffinger says the

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Speaker 1: agency still hasn't recovered from years a budget cutbacks. I

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Speaker 1: think this summer is going to continue to be a challenge.

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Speaker 1: That we've got passenger growth. I'm not I've haven't grown

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Speaker 1: back as much staff as I need, but we're I

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Speaker 1: think we're doing everything we can to mitigate that at

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Speaker 1: the largest airports. The state sentates looking into whether New

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Speaker 1: York City has planned five cent fee on plastic bags

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Speaker 1: will be a burden on consumers. The fee is expected

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Speaker 1: to go into effect in the fall. Global News twenty

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Speaker 1: four hours a day, powered by our journalists in more

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Speaker 1: than one hundred fifty news bureaus around the world. From

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Speaker 1: the Bloomberg News Room, I'm Mark Crompton, Charlie, and we

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Speaker 1: thank you and again updating you on the story involving

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Speaker 1: the White House that is now on a security alert

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Speaker 1: after US shooting at a street outside Park. Police say

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Speaker 1: the shooting happened on West Executive Drive this afternoon. District

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Speaker 1: of Columbia Fire and E m S spokesman Doug Buchanan

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Speaker 1: says one patient taken to a nearby hospital in critical condition.

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Speaker 1: President Obama not at the White House today, again recapping it.

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Speaker 1: Update for the tale the SMP and Nestak SMP advancing

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Speaker 1: twelve points to two thousand fifty two to end the

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Speaker 1: week and head into the weekend with a gain of

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Speaker 1: six tenths of one percent. I'm Charlie Pellett. That's a

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Speaker 1: Bloomberg business flash over most and create promotion. I've never

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Speaker 1: seen anyone move that fast. Pelet's move to get a purpose.

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Speaker 1: Something's called movers and shakers. It costs a little movement,

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Speaker 1: and that name cracked me up. Bloomberg taking stock movers

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Speaker 1: and shakers with pim Fox and Kathleen As on Bloomberg Radio.

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Speaker 1: Stocks higher across the board today, led by one point

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Speaker 1: two percent, gaining the nastack applied material shares the big

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Speaker 1: leader there uh SMPF five hundred, showing that this was

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Speaker 1: a pretty solid move up in stocks today because you

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Speaker 1: had four to nine issues moving higher, only nine four

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Speaker 1: down to unchanged. Dave Wilson are stocks that are is

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Speaker 1: back to kick off with one of his favorite movers

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Speaker 1: and shakers. I just want to mention a headline that

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Speaker 1: just moved. Actually Freeport mcmurran. You know they're in the copper,

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Speaker 1: gold and energy business. They had been talking about an

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Speaker 1: initial public offering of their oil and gas unit as

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Speaker 1: one way to help raise money in response to falling

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Speaker 1: commodity price as well. Headline just came out that Freeport

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Speaker 1: Mcmaran Oil and Gas has withdrawn the potential I p

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Speaker 1: O initial public offerings, So that's not going to happen. Uh,

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Speaker 1: And we're seeing Freeports shares fallen late trading in response

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Speaker 1: to the news. At the moment, the stock down at

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Speaker 1: about one percent uh ten dollars nine three cents the

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Speaker 1: latest trade, Freeport closing at eleven o eight in today's session.

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Speaker 1: Let me tell you about the shares of McDonald's down

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Speaker 1: today by more than two percent. A variety of stocks

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Speaker 1: moving lower basically because of a note from bt I

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Speaker 1: g S technical analyst Katie Stockton having to do with

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Speaker 1: what are called demark cell signals. Describes these SMP fives

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Speaker 1: and showing signs of intermediate term upside exhaustion, and McDonald's

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Speaker 1: was one of those. At McDonald's shares down today. Well,

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Speaker 1: I want to take a look at Dick's Dick's Sporting Goods.

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Speaker 1: It's up more than five percent of the close forty

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Speaker 1: three dollars and changes the share price, and that's because

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Speaker 1: their stock rating was raised to buy from neutral. At

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Speaker 1: Goldman Sacks, analysts also raised their price target to fifty

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Speaker 1: three dollars from fifty bucks. They say that Dix is

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Speaker 1: expected to benefit from the bankruptcy of its largest competitor,

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Speaker 1: Sports Authority, set to close most of its stores by

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Speaker 1: the end of August. Here's what they write, d k

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Speaker 1: seems position to gain share. Thirty seven percent of its

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Speaker 1: stores have at least one Sport Authority stores within ten miles.

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Speaker 1: So a big move up for Dicks today PIM or Dave,

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Speaker 1: and that was on top of an eight and a

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Speaker 1: half percent gain yesterday after Dicks came out with ernies.

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Speaker 1: I'll tell you though, dear can only wish for that

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Speaker 1: kind of a performance. Uh. They came out with their

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Speaker 1: results and their forecast did not go over so well. Specifically,

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Speaker 1: the world's biggest maker of farmer equipment cut its fiscal

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Speaker 1: year profit forecast in response to falling crop prices. Less

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Speaker 1: farm income, farmers can't go out and buy as many

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Speaker 1: tractors and combines, and now they're looking at earnings at

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Speaker 1: one point two billion dollars for the year as opposed

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Speaker 1: to one point three billion. That certainly didn't sit well

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Speaker 1: with investors. You saw shares of Deer fall five and

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Speaker 1: a half percent in today's trading. Can I say that

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Speaker 1: Campbell Soup shares are in the soup slump? Well, Campbell

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Speaker 1: shares slipping after the company posted its sixth straight quarter

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Speaker 1: of falling sales. Now, they did report earnings that narrowly

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Speaker 1: exceeded Wall Street estimates. They also increased their outlook for

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Speaker 1: the year despite week organic sales in the last quarter. Nevertheless,

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Speaker 1: shares of Campbell Soup down today by more than six percent.

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Speaker 1: I just want to call attention to terminal users, in

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Speaker 1: particular to foot lock Or. One of our chart of

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Speaker 1: the hours out today from our own Kevin Orland, is

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Speaker 1: about foot Locker. It shows that foot Locker posted the

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Speaker 1: smallest same store sales game in more than two years

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Speaker 1: in its first quarter results reported today, suggesting the recent

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Speaker 1: US consumer relaise may be spreading to the athletic gear market.

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Speaker 1: Foot Locker as a result, closing down nearly six and

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Speaker 1: a half percent today. Time now for the Volatility Index report.

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Speaker 1: It is brought to you by cbo E Vix Options

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Speaker 1: com Slash Powerful Outcomes VIX. The VIX lower today down

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Speaker 1: nearly six percent, down point nine, settling at fifteen point

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Speaker 1: a thirty four, and the VIX has climbed about twenty

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Speaker 1: five through yesterday, beating similar indexes of other asset classes,

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Speaker 1: but while it is still much lower than the previous peaks,

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Speaker 1: the VIX average this year is the highest since twenty eleven.

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Speaker 1: All right, Dave, you're up. Uh hi, my name is Dave.

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Speaker 1: Just what do you think you're doing? We're going for

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Speaker 1: the day, Mr Wilson. Keysite Technology is a spinoff of

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Speaker 1: a spinoff. That's it. I mean. Key Site is a

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Speaker 1: provider of electronic measurement services that was separated from Agilant

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Speaker 1: Technologies in November, and Agilant was spun off by Hewett

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Speaker 1: Packard back in two thousands, so indeed, a spinoff of

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Speaker 1: a spinoff. Key Site trades under the ticker keys k

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Speaker 1: e y S. The shares trade at thirty one fifty

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Speaker 1: just before the spinoff was completed. Since then, they've swung

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Speaker 1: between thirty eight ninety nine and twenty one oh seven.

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Speaker 1: The low was reached on February eleven, when the SMP

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Speaker 1: five hundred also hit bottom for the year. UH. Key

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Speaker 1: Site has rebounded since then, and the rally accelerated today

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Speaker 1: after the lead release of the of these latest results.

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Speaker 1: Late yesterday, Keysite posted phiscal second quarter adjusted profit of

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Speaker 1: sixty one as a share that's five cents higher than

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Speaker 1: analysts average estmate new Bloomberg survey. Revenue also beat projections,

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Speaker 1: and so did the company's third quarter sales forecast. The

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Speaker 1: results sent shares of key Site to a gain of

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Speaker 1: fifteen percent, and when you put that in context, you

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Speaker 1: see it is the biggest one day advanced for the

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Speaker 1: stock since the company gained independence. And by the way,

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Speaker 1: the surge pushed the shares higher for the year as well. Uh.

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Speaker 1: Not quite so much for game though, just a five

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Speaker 1: point seven percent for sixteen. Thank you very much. Dave Wilson,

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Speaker 1: Bloomberg Stocks columnist, our resident musicologist. Go ahead sign up

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Speaker 1: for his daily email newsletter. Just send him an email

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Speaker 1: at d Wilson at Bloomberg dot net. It is free

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Speaker 1: and it will make you a smarter investor. You're listening

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Speaker 1: to taking Stock. I'm pim Fox my co host Kathleen Hayes.

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Speaker 1: This is Bloomberg Radio, Bloomber Taking Stock is brought to

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Speaker 1: you by wither Smith and Brown c P, a s

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