1 00:00:00,040 --> 00:00:06,840 Speaker 1: Bloomberg eleven three O. Taking Stock continues broadcasting live to 2 00:00:06,960 --> 00:00:10,840 Speaker 1: New York, Bloomberg eleventh, Yo to Washington, d C, Bloomberg 3 00:00:11,760 --> 00:00:16,480 Speaker 1: to Boston, Bloomberg Tell to San Francisco, Bloomberg nine to 4 00:00:16,640 --> 00:00:20,200 Speaker 1: the country, Suis Exam General one nineteen and around the 5 00:00:20,239 --> 00:00:23,960 Speaker 1: globe the Bloomberg Radio plus Athene Boomberg dot Com. This 6 00:00:24,400 --> 00:00:28,400 Speaker 1: is taking Stock. I'm Kathleen Hayes at taking Stock live 7 00:00:28,480 --> 00:00:32,320 Speaker 1: from the two sixteen US Tennis Open or at the 8 00:00:32,400 --> 00:00:35,080 Speaker 1: U s t A Billy jen King National Tennis Center, 9 00:00:35,280 --> 00:00:38,559 Speaker 1: Bleshing Meadow, Corona Park, Queens, New York City. This is 10 00:00:38,560 --> 00:00:42,200 Speaker 1: a premier event for tennis and for the region every 11 00:00:42,240 --> 00:00:46,000 Speaker 1: single year. We're gonna be speaking shortly to two of 12 00:00:46,159 --> 00:00:49,920 Speaker 1: our sports business team's finest, Scott stash Nick and Evan 13 00:00:50,960 --> 00:00:54,200 Speaker 1: Evan Nooby Williams, to talk about, certainly to an extent, 14 00:00:54,240 --> 00:00:56,360 Speaker 1: who's here, some of the top players, but also the 15 00:00:56,480 --> 00:00:58,880 Speaker 1: sponsors that are here, the business that's here, the money 16 00:00:58,920 --> 00:01:02,200 Speaker 1: that this very important event generates. I'm Caffeine Hayes. My 17 00:01:02,280 --> 00:01:05,119 Speaker 1: call host Pim Fox is on vacation. And then uh 18 00:01:05,200 --> 00:01:07,080 Speaker 1: later in the half hour, Bill Stone from P and C. 19 00:01:07,240 --> 00:01:09,880 Speaker 1: A lot of people from a financial services industry come 20 00:01:09,920 --> 00:01:11,959 Speaker 1: out to the open. He's here, he's going to talk 21 00:01:12,000 --> 00:01:14,840 Speaker 1: to us about stocks. Let's get to Charlie Pellett back 22 00:01:14,880 --> 00:01:17,639 Speaker 1: at Bloomberg World headquarters. He's got a Bloomberg business flash 23 00:01:17,720 --> 00:01:20,440 Speaker 1: and I thank you very much, Kathleen Hayes. People with 24 00:01:20,600 --> 00:01:23,800 Speaker 1: knowledge of the matter say TPG is among potential bidders 25 00:01:23,840 --> 00:01:28,480 Speaker 1: for Intel's computer security unit McAfee. The people who asked 26 00:01:28,480 --> 00:01:30,760 Speaker 1: not to be named say the private equity firm has 27 00:01:30,800 --> 00:01:34,839 Speaker 1: held preliminary discussions with Intel about a deal that could 28 00:01:34,920 --> 00:01:38,800 Speaker 1: value McAfee and as much as three billion dollars shares 29 00:01:38,840 --> 00:01:41,319 Speaker 1: of Intel. They're up now by two tenths of long percent. 30 00:01:41,880 --> 00:01:46,119 Speaker 1: Stocks are falling amid tumbling crude prices and sluggish manufacturing data, 31 00:01:46,480 --> 00:01:50,560 Speaker 1: spooking investors before key payroll data tomorrow morning that may 32 00:01:50,600 --> 00:01:54,480 Speaker 1: provide an indication about the direction of interest rates. ALIL 33 00:01:54,600 --> 00:01:57,080 Speaker 1: now falling to the lowest in almost three weeks after 34 00:01:57,240 --> 00:02:00,559 Speaker 1: US government data today showed crude supplies at the highest 35 00:02:00,600 --> 00:02:03,760 Speaker 1: seasonal level in more than twenty years. Stephen Short is 36 00:02:03,800 --> 00:02:06,600 Speaker 1: president of the Short Group, and he sees the oil 37 00:02:06,720 --> 00:02:09,440 Speaker 1: slide continuing. We're at a com of the year that 38 00:02:09,880 --> 00:02:12,760 Speaker 1: the peak season recruit oil demand is over, to peak 39 00:02:12,800 --> 00:02:17,119 Speaker 1: season for gasline demand is over. So with this Labor 40 00:02:17,200 --> 00:02:20,040 Speaker 1: Day weekend, we now transition into the fall. And this 41 00:02:20,160 --> 00:02:23,920 Speaker 1: is the maintenance season for refineries. So refinery demand for 42 00:02:24,000 --> 00:02:26,959 Speaker 1: crude oil in the United States and in other key 43 00:02:27,000 --> 00:02:30,799 Speaker 1: markets in the Northern Hemisphere will drop off significantly over 44 00:02:30,840 --> 00:02:32,840 Speaker 1: the next two months. And right now where you have 45 00:02:32,880 --> 00:02:37,080 Speaker 1: West Texas, Eno Media crude at Fort barrel down three 46 00:02:37,080 --> 00:02:40,680 Speaker 1: point four percent, rank crew down three point two percent. 47 00:02:41,080 --> 00:02:43,120 Speaker 1: And now let's look at some of the other stories 48 00:02:43,160 --> 00:02:47,440 Speaker 1: making news. Charlie, thank you from the Bloomberg News Room. 49 00:02:47,440 --> 00:02:51,000 Speaker 1: I Mark Crumpton. Donald Trump says if he becomes president, 50 00:02:51,160 --> 00:02:56,080 Speaker 1: he'll rebuild America's military and reform the veterans administration. Trump 51 00:02:56,120 --> 00:02:59,600 Speaker 1: spoke this morning at the American Legion Conference in Cincinnati. 52 00:02:59,639 --> 00:03:03,520 Speaker 1: O Hi, we will be united by our common culture, 53 00:03:04,120 --> 00:03:11,240 Speaker 1: values and principles, becoming one American nation. Hillary Clinton addressed 54 00:03:11,240 --> 00:03:14,919 Speaker 1: the conference yesterday. Ahead of this weekend's G twenty summit 55 00:03:14,960 --> 00:03:18,240 Speaker 1: in China, President Obama is calling for a global effort 56 00:03:18,280 --> 00:03:21,480 Speaker 1: to fight climate change. President speaking at the annual Lake 57 00:03:21,520 --> 00:03:25,040 Speaker 1: to House Summit in Nevada, says places like this nurture 58 00:03:25,080 --> 00:03:27,280 Speaker 1: and restore the soul, and we want to make sure 59 00:03:27,680 --> 00:03:30,600 Speaker 1: that's there for our kids too. To keep these waters 60 00:03:30,639 --> 00:03:34,160 Speaker 1: crystal clear, to keep the air as pure as that happens, 61 00:03:34,880 --> 00:03:39,040 Speaker 1: to keep alive tiles spirit. President Obama later flew to 62 00:03:39,160 --> 00:03:42,720 Speaker 1: Hawaii for another conference on conservation. The President told the 63 00:03:42,720 --> 00:03:45,320 Speaker 1: audience he would push China to take further steps to 64 00:03:45,360 --> 00:03:49,600 Speaker 1: protect the environment. Michael Barr Bloomberg Radio. In South Carolina, 65 00:03:49,640 --> 00:03:52,480 Speaker 1: a federal judge is holding a closed hearing on evidence 66 00:03:52,480 --> 00:03:55,840 Speaker 1: and Dylan Rooth's trial in the Charleston church shootings. Is 67 00:03:55,840 --> 00:04:00,320 Speaker 1: accused of killing nine black parishioners in June of today, 68 00:04:00,360 --> 00:04:03,280 Speaker 1: the judge ruled and open hearing could compromise roughs ability 69 00:04:03,320 --> 00:04:06,200 Speaker 1: to receive a fair trial. The Grammys could be making 70 00:04:06,200 --> 00:04:09,000 Speaker 1: a comeback in the city. The Big Apple hasn't hosted 71 00:04:09,040 --> 00:04:11,800 Speaker 1: the awards and more than a dozen years, but plans 72 00:04:11,840 --> 00:04:14,440 Speaker 1: are reportedly in the works to bring them back. The 73 00:04:14,520 --> 00:04:17,560 Speaker 1: Post reports the city wants to see the Grammy's return 74 00:04:17,680 --> 00:04:21,960 Speaker 1: for the show's sixtieth anniversary. In ten local news twenty 75 00:04:21,960 --> 00:04:24,520 Speaker 1: four hours a day, powered by more than twenty hundred 76 00:04:24,560 --> 00:04:27,680 Speaker 1: journalists and analysts in over one hundred twenty countries. I'm 77 00:04:27,680 --> 00:04:31,240 Speaker 1: More Crumpton. This is Bloomberg, Charlie, and we thank you, 78 00:04:31,279 --> 00:04:33,880 Speaker 1: and again recapping a mixed picture of for US Equities 79 00:04:34,040 --> 00:04:36,680 Speaker 1: SMP down three a drop of two tenths of one percent. 80 00:04:37,040 --> 00:04:40,880 Speaker 1: I'm Charlie Pellett. That's a bloom Bird business flash. You're 81 00:04:40,920 --> 00:04:44,480 Speaker 1: listening to taking Stock with Pim Box and Kathleen Hayes 82 00:04:44,839 --> 00:04:48,520 Speaker 1: on Bloomberg Radio. I'm Kafee Hayes. My co host Pim 83 00:04:48,600 --> 00:04:52,159 Speaker 1: Fox is on vacation, so I solo have the pleasure 84 00:04:52,160 --> 00:04:55,760 Speaker 1: of being live a the U s Tennis Open, Flushing Meadows, 85 00:04:55,760 --> 00:04:59,120 Speaker 1: grown apart Queens, one of the premiers Grand Slams of 86 00:04:59,160 --> 00:05:01,000 Speaker 1: the year in fact in but here probably toos it 87 00:05:01,080 --> 00:05:05,120 Speaker 1: is the premier Grand Slam tournament in tennis. Very interesting afternoon. 88 00:05:05,240 --> 00:05:09,040 Speaker 1: The rain had cleared up, now it's pouring. All court 89 00:05:09,120 --> 00:05:12,800 Speaker 1: play is closed except under central court. That retractable roof 90 00:05:12,920 --> 00:05:16,360 Speaker 1: just finished for US Open is being used again as 91 00:05:16,440 --> 00:05:21,760 Speaker 1: Andy Murray, uh, the number two seeds struggles to move 92 00:05:21,800 --> 00:05:24,320 Speaker 1: ahead and fortunately that was not stopped by rain and 93 00:05:24,360 --> 00:05:26,799 Speaker 1: has not stopped. Taking stock with my producer Sam Langa 94 00:05:26,880 --> 00:05:29,480 Speaker 1: might Field producer Charlie Bohmer we go on, joined by 95 00:05:29,520 --> 00:05:32,000 Speaker 1: two more of Bloomberg's finest and that would be Scott 96 00:05:32,000 --> 00:05:37,280 Speaker 1: Slashnik and Evan Nobi Williams, Rob Bloomberg Business of Sports Team, gentlemen, welcome. Hello. Well, 97 00:05:37,279 --> 00:05:39,440 Speaker 1: you know we're gonna talk about business and returns. You 98 00:05:39,520 --> 00:05:41,920 Speaker 1: sure could say this retractable roof maybe is already paid 99 00:05:41,920 --> 00:05:44,160 Speaker 1: for itself this year the star of the show. They 100 00:05:44,200 --> 00:05:46,440 Speaker 1: made it the star of the show before the tournament. 101 00:05:46,560 --> 00:05:48,479 Speaker 1: They wanted everybody to know, we've caught up to some 102 00:05:48,520 --> 00:05:51,200 Speaker 1: of the others. We've got our roof. Although I was 103 00:05:51,240 --> 00:05:54,520 Speaker 1: there on test day when the roof opened and then 104 00:05:54,560 --> 00:05:57,240 Speaker 1: Billy Jean King hit the button once and it didn't close. 105 00:05:57,320 --> 00:06:00,360 Speaker 1: She hit the button twice and it didn't close. So 106 00:06:00,520 --> 00:06:02,360 Speaker 1: I don't want to say that they were rooting for Rain, 107 00:06:03,040 --> 00:06:05,560 Speaker 1: but the chance to show it off and have the 108 00:06:05,600 --> 00:06:08,480 Speaker 1: broadcasters say walk but give us seven minutes and we'll 109 00:06:08,520 --> 00:06:11,039 Speaker 1: be playing again. This has been the star of the 110 00:06:11,080 --> 00:06:13,400 Speaker 1: show this year. This is playing out perfectly. They made 111 00:06:13,400 --> 00:06:15,240 Speaker 1: a big point to say that Nadal hit the first 112 00:06:15,279 --> 00:06:18,280 Speaker 1: balls underneath the new roof. You know, yesterday played out 113 00:06:18,279 --> 00:06:20,240 Speaker 1: exactly how they wanted till he was quoted. I mean 114 00:06:20,279 --> 00:06:21,719 Speaker 1: he seems to be kind of thrilled that he was 115 00:06:21,720 --> 00:06:23,840 Speaker 1: the first guy to win on Center Court under the 116 00:06:24,240 --> 00:06:26,280 Speaker 1: closed roof. But you know what other players saying, I'm 117 00:06:26,279 --> 00:06:29,320 Speaker 1: here that they they're glad that it's less windy. But 118 00:06:29,400 --> 00:06:32,440 Speaker 1: there's some problems with shadows, and there's some problems with noise. 119 00:06:32,480 --> 00:06:34,360 Speaker 1: And you wouldn't realize if you're not a big tennis 120 00:06:34,400 --> 00:06:36,919 Speaker 1: fan that love these top players. They listen to the 121 00:06:36,920 --> 00:06:38,960 Speaker 1: ball that they can hear the spin of the ball. Yeah, 122 00:06:38,960 --> 00:06:41,599 Speaker 1: that's why they like quiet when they're playing. They actually 123 00:06:41,680 --> 00:06:44,080 Speaker 1: can hear the sound tells them what kind of spin 124 00:06:44,160 --> 00:06:45,760 Speaker 1: is on the ball. But Evan and I were watching 125 00:06:45,760 --> 00:06:48,000 Speaker 1: on TV the other day and the first thing we 126 00:06:48,040 --> 00:06:50,600 Speaker 1: said when we glanced up was look at that weirdly 127 00:06:50,680 --> 00:06:54,200 Speaker 1: shaped shadow right down the service line. So the ball 128 00:06:54,279 --> 00:06:56,200 Speaker 1: is in the sun, in the shade, in the sun, 129 00:06:56,680 --> 00:06:59,240 Speaker 1: all in one service. That cannot make the players happy. 130 00:06:59,240 --> 00:07:01,640 Speaker 1: And then sure enough they did complain about it afterwards. 131 00:07:01,640 --> 00:07:03,440 Speaker 1: And let's not forget this was a decision that was 132 00:07:03,440 --> 00:07:05,880 Speaker 1: made not for the players, obviously, this is a decision 133 00:07:05,920 --> 00:07:08,200 Speaker 1: made for the people that carry the TV rights, who 134 00:07:08,200 --> 00:07:10,600 Speaker 1: were upset that the Men's Final was being played on 135 00:07:10,640 --> 00:07:14,960 Speaker 1: the next Monday every year, seemingly because rain was keeping 136 00:07:15,000 --> 00:07:18,040 Speaker 1: forcing play to be pushed forward. Yeah, it's harder to sell. 137 00:07:18,160 --> 00:07:20,920 Speaker 1: You sell ads for a Sunday prime time sporting event 138 00:07:21,320 --> 00:07:23,320 Speaker 1: and then rain happens and it gets pushed to Monday 139 00:07:23,400 --> 00:07:25,840 Speaker 1: and a third of the people are watching. That makes 140 00:07:26,040 --> 00:07:30,840 Speaker 1: that makes advertisers unhappy, it makes TV networks unhappy. Letters 141 00:07:30,880 --> 00:07:33,640 Speaker 1: around this place, around the fairground a little bit exactly, 142 00:07:33,720 --> 00:07:35,640 Speaker 1: But you would think that's kind of Aren't the players 143 00:07:35,640 --> 00:07:37,400 Speaker 1: happy if they can just get it over on Sunday 144 00:07:37,480 --> 00:07:39,840 Speaker 1: for the men or whoever's not rained out that day? 145 00:07:39,840 --> 00:07:41,680 Speaker 1: I guess they're used to it in so many of 146 00:07:41,720 --> 00:07:43,560 Speaker 1: the tournaments they play, because they play over the world 147 00:07:43,560 --> 00:07:45,440 Speaker 1: at all weather. Sure. Yeah, I think the advantages to 148 00:07:45,480 --> 00:07:47,840 Speaker 1: the players you mentioned there's there's less wind, which is 149 00:07:47,840 --> 00:07:50,440 Speaker 1: a big thing. Uh be. We saw the Men's final 150 00:07:50,520 --> 00:07:52,960 Speaker 1: last year there's a three hour rain delay. I'm sure 151 00:07:53,040 --> 00:07:55,720 Speaker 1: players like the idea that they know that that's never 152 00:07:55,720 --> 00:07:58,400 Speaker 1: gonna happen again. On the biggest matches, and let's remember 153 00:07:58,400 --> 00:08:01,560 Speaker 1: who plays the big court. These are not your lesser 154 00:08:01,600 --> 00:08:03,720 Speaker 1: known players. I mean, these are the stars of your game, 155 00:08:03,800 --> 00:08:06,040 Speaker 1: and this is nothing more than entertainment, whether it be 156 00:08:06,080 --> 00:08:09,080 Speaker 1: the n b A or baseball. This is all star driven. 157 00:08:09,520 --> 00:08:11,640 Speaker 1: So when he's not here right now, but if Federer 158 00:08:11,760 --> 00:08:15,960 Speaker 1: and Nadal and Murray and Serena, if they're complaining, you've 159 00:08:16,000 --> 00:08:18,200 Speaker 1: got a problem. You have to keep them happy. So 160 00:08:18,240 --> 00:08:20,240 Speaker 1: what kind of money are we talking about out here? 161 00:08:20,320 --> 00:08:22,760 Speaker 1: For the sponsors, what kind of money they put in, 162 00:08:22,840 --> 00:08:25,960 Speaker 1: what kind of money they put out the advertisers. It's huge. 163 00:08:26,040 --> 00:08:28,160 Speaker 1: I mean, the just let's think about the schedule. There's 164 00:08:28,240 --> 00:08:30,040 Speaker 1: it's two weeks to play here. You know, it's not 165 00:08:30,080 --> 00:08:31,720 Speaker 1: a it's not a one day sporting event. It's two 166 00:08:31,720 --> 00:08:34,120 Speaker 1: weeks of play. You think about the clientele that comes 167 00:08:34,120 --> 00:08:36,679 Speaker 1: out here, A lot of people from the upper echelons 168 00:08:36,679 --> 00:08:39,000 Speaker 1: of the New York social scene. For example. They make 169 00:08:39,040 --> 00:08:41,080 Speaker 1: a point every night and there to show the most 170 00:08:41,080 --> 00:08:44,120 Speaker 1: famous people that are in attendance. It's become hey, it's 171 00:08:44,120 --> 00:08:46,320 Speaker 1: a sporting event, fa B. It's also just a scene 172 00:08:46,360 --> 00:08:49,000 Speaker 1: to go to and that's the best possible thing for 173 00:08:49,040 --> 00:08:51,240 Speaker 1: an event to have, and it's great for sponsors. I mean, 174 00:08:51,320 --> 00:08:53,240 Speaker 1: let's just look around right now from our advantage point. 175 00:08:53,320 --> 00:08:55,240 Speaker 1: Right now, I mean we're outside the main stadium. I 176 00:08:55,280 --> 00:08:57,880 Speaker 1: look over to my left and I see the Heineken lounge. 177 00:08:58,200 --> 00:09:00,559 Speaker 1: I can see JP Morgan Chase load is everywhere. I 178 00:09:00,600 --> 00:09:02,240 Speaker 1: mean even if I was in a helicopter, maybe I 179 00:09:02,240 --> 00:09:05,000 Speaker 1: could see it. I've got two Mercedes vehicle sitting right here. 180 00:09:05,040 --> 00:09:09,319 Speaker 1: Citizen citizen clot branding exactly. This is about reaching a 181 00:09:09,440 --> 00:09:14,520 Speaker 1: certain consumer. Uh. None of these companies operating a vacuum. 182 00:09:14,600 --> 00:09:16,839 Speaker 1: This is a piece of their total puzzle. But it's 183 00:09:16,880 --> 00:09:21,120 Speaker 1: it's an event in New York. It gets primetime, major coverage, 184 00:09:21,559 --> 00:09:23,880 Speaker 1: and I mean it all goes down to even on 185 00:09:24,000 --> 00:09:26,760 Speaker 1: the net. You will have the the JP Morgan Chase 186 00:09:26,880 --> 00:09:29,360 Speaker 1: logo on the net, and those two even changed throughout 187 00:09:29,400 --> 00:09:31,480 Speaker 1: the matches. So I mean it's a piece of the 188 00:09:31,480 --> 00:09:33,800 Speaker 1: puzzle and how they choose to utilize that. The women's 189 00:09:33,840 --> 00:09:37,760 Speaker 1: winner every year goes to the JP Morgan Chase headquarters 190 00:09:37,800 --> 00:09:40,559 Speaker 1: and chats with executives. So it's just a piece of 191 00:09:40,600 --> 00:09:43,320 Speaker 1: the puzzle. But all four majors have their own little 192 00:09:43,440 --> 00:09:45,520 Speaker 1: thing about them. In the US, opens thing is the 193 00:09:45,600 --> 00:09:49,240 Speaker 1: glitz and glamor of New York and the skyline and 194 00:09:49,280 --> 00:09:51,000 Speaker 1: the in the night games, all of that. This is 195 00:09:51,040 --> 00:09:53,959 Speaker 1: exactly what the event in terms of sponsor strategy or 196 00:09:54,000 --> 00:09:55,199 Speaker 1: how much they get out of this. How does this 197 00:09:55,280 --> 00:09:58,320 Speaker 1: stack up to something like a football super Bowl, the 198 00:09:58,440 --> 00:10:01,920 Speaker 1: NBA playoffs and see a march on what I just said. 199 00:10:01,960 --> 00:10:04,440 Speaker 1: I don't think you weigh one versus the other. I 200 00:10:04,440 --> 00:10:06,520 Speaker 1: mean you measure R O Y and your totality. How 201 00:10:06,559 --> 00:10:10,960 Speaker 1: do you use your sports in totality? Not just one thing? Okay, guys, 202 00:10:10,960 --> 00:10:12,800 Speaker 1: I gotta put on the spot you watched in a 203 00:10:12,880 --> 00:10:14,640 Speaker 1: severe year or the Open. You have to watch it 204 00:10:14,679 --> 00:10:16,400 Speaker 1: all year long. So wh who's gonna win On the 205 00:10:16,400 --> 00:10:19,480 Speaker 1: men's side, Man, who's gonna win it? I have no 206 00:10:19,520 --> 00:10:22,080 Speaker 1: idea who's gonna win it? Certainly Nadal looks like he's 207 00:10:22,080 --> 00:10:26,120 Speaker 1: healthy and and looks great great yesterday. Djokovic not having 208 00:10:26,120 --> 00:10:28,560 Speaker 1: to play a second round match I think certainly helps 209 00:10:28,640 --> 00:10:31,120 Speaker 1: him with all the both physical on and off the 210 00:10:31,160 --> 00:10:35,080 Speaker 1: court issues he's been having. Um, certainly they're the two favorites. 211 00:10:36,040 --> 00:10:39,040 Speaker 1: Is the women's Slam dunk Serena as close to us 212 00:10:39,040 --> 00:10:40,760 Speaker 1: can be. But you didn't win the last major, so 213 00:10:42,360 --> 00:10:45,560 Speaker 1: it's always somebody new. See if they can topple Serena. 214 00:10:45,600 --> 00:10:49,760 Speaker 1: That's always the game here at seven Open. Williams part 215 00:10:49,760 --> 00:10:52,199 Speaker 1: of our Bloomberg Business of Sports team. They'll be around 216 00:10:52,200 --> 00:10:54,880 Speaker 1: tomorrow wiping them down on some more matches. I'm Kathleen Hayes. 217 00:10:54,880 --> 00:11:01,680 Speaker 1: We're live with the US Open. This is Bloomberg Live 218 00:11:01,679 --> 00:11:04,000 Speaker 1: at the US Open. A lot of the big shots 219 00:11:04,000 --> 00:11:06,160 Speaker 1: from Wall Street. We're gonna be speaking to Bill Stone, 220 00:11:06,360 --> 00:11:09,200 Speaker 1: p n C Bank. You're gonna take a look at stocks. 221 00:11:09,520 --> 00:11:11,480 Speaker 1: Auto sales were a week. The Fed is going to 222 00:11:11,559 --> 00:11:13,520 Speaker 1: take a look at that job support tomorrow. This is 223 00:11:13,520 --> 00:11:14,079 Speaker 1: Bloomberg