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

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Speaker 1: dot com, the radio plus mobile app and on your radio,

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Speaker 1: this is a Bloomberg business flu And there you have

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Speaker 1: its sound of the closing bell of the New York

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Speaker 1: Stock Exchange as we wrap up parading on this Wednesday,

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Speaker 1: August ten, folks from time outse battle of the burger

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Speaker 1: ringing the closing bell. Stocks move lower, SMP five hundred

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Speaker 1: index down by the most in more than a week

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Speaker 1: as energy producers tumbled along with the price of crude oil.

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Speaker 1: Bank shares sank on speculation interest rates will not rise

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Speaker 1: this year. Today we had crude oil slumping three point

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Speaker 1: one percent, down a dollar thirty one barrel, the DAL,

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Speaker 1: the SMP nastac all declining, SMP five hundred index down

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Speaker 1: six to twenty one seventy five, pulling back from a

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Speaker 1: record down three tents upon percent down, Industrials down thirty

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Speaker 1: six points to eighteen thousand, four hundred ninety six, a

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Speaker 1: drop there of two tens up one percent, as stack

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Speaker 1: down twenty points, a drop of four tenths of one percent.

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Speaker 1: Ralph Lauren shares surge today after an earnings beat. The

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Speaker 1: forty nine year old brand known for its preppy fashion

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Speaker 1: and premium prices. Report at first quarter profit that exceeded

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Speaker 1: analysis estimates. Shares of Ralph Lauren up eight and a

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Speaker 1: half percent. Michael Core's Holdings provided a cautious forecast for

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Speaker 1: earnings and sales this year, showing that luxury goods makers

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Speaker 1: are navigating a turbulent retailed environment. Today we had shares

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Speaker 1: of Michael Core's declining by two point eight percent. Wall

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Speaker 1: Street looking ahead to a number of retailers scheduled to

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Speaker 1: report over the next couple of days. Dana Telsey is

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Speaker 1: the founder of Telsey Advisory. She was our guest this

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Speaker 1: afternoon right here on taking Stock. It's going to be

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Speaker 1: the department store week at the end of the week,

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Speaker 1: with north to Macy's calls and j C. Penny's coming up.

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Speaker 1: What we're seeing many of the department store is doing

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Speaker 1: is searching for one of the new categories that they

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Speaker 1: should sell. What should be private label, what should be exclusive?

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Speaker 1: Maybe you're let's look at what you're seeing at Macy's.

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Speaker 1: We're testing some are best by shops. Look at what

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Speaker 1: you're seeing at Northstrom in the Grove in Los Angeles,

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Speaker 1: or look at j C. Petty putting in appliances and

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Speaker 1: lights out today for a lot of solar stock. SunPower

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Speaker 1: plunged thirty point two percent. And now let's take a

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Speaker 1: look at some of the other stories making news. Charlie,

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Speaker 1: thank you from the Bloomberg News room. I'm Mark Crumpton.

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Speaker 1: Republican presidential nominee Donald Trump held a round table today

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Speaker 1: with coal mining executives in Virginia. He talked about the

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Speaker 1: difficulties facing the industry, along with other energy issues. Trump

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Speaker 1: attacked rival Hillary Clinton, who's advocating a move toward renewable

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Speaker 1: fuel sources. He says Clinton quote wants the minds closed. Meantime,

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Speaker 1: CNN reports the Secret Service has spoken to Trump's campaign

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Speaker 1: staff about comments some say we're a threat to Hillary Clinton.

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Speaker 1: The remarks came yesterday in North Carolina, where Trump suggested

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Speaker 1: gun owners could stop at Clinton agenda. Trump denies threatening

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Speaker 1: violence and said as he was referring to the gun

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Speaker 1: owners political power. The federal government and Baltimore Police say

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Speaker 1: they'll negotiate reforms after today's release of a Justice Department report.

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Speaker 1: Officials are criticizing officers for using excessive force and routinely

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Speaker 1: discriminating against Blacks Baltimore Police Commissioner Kevin Davis. They are

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Speaker 1: officers right now that are just as offended as we

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Speaker 1: are to see the details that are laid out in

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Speaker 1: this report. Why because they wear this uniform proudly and

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Speaker 1: they serve the citizens of Baltimore honorably each and every day.

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Speaker 1: Court documents indicate New Jersey Governor Chris Christie quote lied

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Speaker 1: at a news conference when he said his senior staff

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Speaker 1: and campaign manager were not involved in the George Washington

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Speaker 1: Bridge scandal. That's according to an aid who texted a

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Speaker 1: colleague as Christie spoke on December Christie denies any wrongdoing.

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Speaker 1: Global News twenty four hours a day, powered by more

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Speaker 1: than twenty journalists and analysts and more than one twenty countries.

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Speaker 1: I'm more Crumpton. This is Bloomberg, Charlie, and we thank you.

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Speaker 1: Gold Today advanced five eight the ounce the thirty seven,

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Speaker 1: a gain of four tenths of one percent. We are

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Speaker 1: brought to you by E t F Exchange sixteen b

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Speaker 1: n Y Melon's Annual E t F Symposium September nine

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Speaker 1: to the twenty one in Dana Point, California. I must

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Speaker 1: attend for r I A S space is limited, so

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Speaker 1: register now at b n y melon dot com. Slash

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Speaker 1: e t F recapping stock slower SMP down six to

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Speaker 1: seventy five, drop of three tenths of one percent. I'm

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Speaker 1: Charlie Phillott and that's a Bloomberg business flash. Move around motion,

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Speaker 1: great emotion like they do. I've never seen anyone move

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Speaker 1: that back. Five people, let's move like to get a purpose.

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Speaker 1: Companies called movers and shakers. They cost a little more.

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Speaker 1: About that name cracked me up. Bloomberg taking stock Movers

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Speaker 1: and Shakers with Bim Fox and Kathleen As on Bloomberg Radio.

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Speaker 1: Movers and Shakers for a Wednesday, August the tenth twenty

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Speaker 1: is sixteen on the SMP. Five hundred, two hundred and

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Speaker 1: thirteen issues advanced, two hundred and eighty four decline, and

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Speaker 1: eight are unchanged. I want to bring in Dave Wilson,

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Speaker 1: Bloomberg Stocks Commas to begin our movers and Shakers. Dave,

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Speaker 1: let's talk about Walgreens, Boots Alliance and Right Aid. You're

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Speaker 1: talking about two of the biggest US drug store chains.

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Speaker 1: Walgreens has been trying to buy Right eight now for

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Speaker 1: more than nine months and minute and offer last October.

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Speaker 1: The issue is whether the combined company would sort of

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Speaker 1: set off alarm bells with anti trust regulators. The website deal.

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Speaker 1: We're order said late yesterday that the company should be

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Speaker 1: able to gain antitrust approval by selling off some of

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Speaker 1: their stores. Now, all this is attributed to a third

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Speaker 1: party source who was contacted by the Federal Trade Commission

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Speaker 1: regarding this proposed deal. So the idea that maybe the

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Speaker 1: antitrust regulators will look favorably on the combined company well

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Speaker 1: went overwhelming today's trading Walgreen's Boots up two percent and

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Speaker 1: rite Aid up almost six I'm gonna tell you about

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Speaker 1: the shares of Orbital A t K. Now, this is

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Speaker 1: an armaments in space system manufacturer. The shares of o

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Speaker 1: A plunged twenty percent. A company delayed a second quarter

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Speaker 1: earnings filing because of a previous accounting mistake. A company

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Speaker 1: set a lost provision for a U S Army contract

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Speaker 1: will reduce previously reported pretax operating income by four hundred

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Speaker 1: to four hundred and fifty million dollars. The company also

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Speaker 1: reported preliminary second quarter revenue of one point oh five

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Speaker 1: billion that missed the average analysts estimate of one point

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Speaker 1: one three billion, and the company did say that its

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Speaker 1: annual revenue will be lower than its previous guidance and

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Speaker 1: preliminary second quarter earnings per share a dollar thirty five

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Speaker 1: versus average analyst estimate of a dollar thirty two. Nevertheless,

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Speaker 1: the shares of Orbital A t K down twenty I'll

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Speaker 1: see your Orbital A t K and raise you a

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Speaker 1: sun Power a company that dropped with one analyst called

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Speaker 1: a guidance bomb late yesterday. SunPower had been anticipating that

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Speaker 1: it would at least break even this year. No more. Now,

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Speaker 1: the second largest maker of solar panels here in the

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Speaker 1: US is telling analysts it may lose as much as

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Speaker 1: a hundred and seventy five million dollars. They're saying demand

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Speaker 1: for utility scale solar projects is slowing and competition in

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Speaker 1: the panel market is dragging down prices. SunPower ship airs

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Speaker 1: fell thirty percent in today's trading, and other solar equipment

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Speaker 1: companies went along for the ride. First Solar down seven

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Speaker 1: point two percent and Canadian Solar falling almost eight percent.

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Speaker 1: And I'll just point out that First Solo the third

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Speaker 1: biggest loss in the sp day. All Right, I can't

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Speaker 1: match that. But I'll tell you about the shares of

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Speaker 1: Parago tumbling more than nine percent after reporting second quarter

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Speaker 1: results that missed estimates. They also lowered their full year

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Speaker 1: earnings guidance for the second time, posing pressures on its

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Speaker 1: generic drug business. The value of Parago shares get this

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Speaker 1: has dropped by half since Parago rejected that twenty six

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Speaker 1: billion dollar takeover offer from my Land that was back

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Speaker 1: in November. Shares of Parago tumbling today down more than well,

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Speaker 1: you know, maybe the Walgreens right A deal goes through,

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Speaker 1: but there's one of the chip business which may not

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Speaker 1: be so lucky. I'm referring to Land researchers proposed ten

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Speaker 1: point six billion dollars take over of k l A

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Speaker 1: ten Core. Lamb Research came out today said the deals

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Speaker 1: facing regulatory herror hurls probably won't get approved before they

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Speaker 1: planned closing date in October. Uh. These companies have to

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Speaker 1: go before the U. S. Department of Justice. They have

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Speaker 1: to talk to competition related authorities in China, Korea and Japan.

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Speaker 1: You put that all together, Land researched down four and

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Speaker 1: a half percent, and kl A ten Core with a

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Speaker 1: loss of more than ten percent and was the biggest

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Speaker 1: drop on the day in the spl Right. I'm just

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Speaker 1: gonna tell you quickly about d XP Enterprises. It's an

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Speaker 1: engineering of pump and industrial products company. Its clients include

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Speaker 1: the oil and gas, petrochemical as well as construction industries.

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Speaker 1: They're based in Houston. Shares of d XP Enterprises of

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Speaker 1: fifty eight percent. Today, they reported second court of sales

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Speaker 1: that exceeded estimates earnings per share of thirty four cents.

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Speaker 1: They say that may not compare to a year ago period.

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Speaker 1: That compares, though, to an estimated loss of five cents.

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Speaker 1: They cited gross margin expand expansion and expense reduction UH sales,

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Speaker 1: though still down from a year earlier. Nevertheless, d XP

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Speaker 1: Enterprises up fifty eight percent. All right, it's time now

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Speaker 1: cboe dot com Slash Powerful Outcomes VIX. The VIX higher

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Speaker 1: today a five percent again a point five nine, settling

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Speaker 1: at twelve point to five. And while the VIX is

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Speaker 1: extremely low right now, in the past that typically has

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Speaker 1: been followed by low stock volatility. However, it tells you

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Speaker 1: nothing about stock performance. All right, Dave here, uh hi,

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

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Speaker 1: We're going for the price on will Dave? Dave? Go ahead, Dave,

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Speaker 1: tell us about American Public Education. You know, this is

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Speaker 1: a company that had man and leads until the last

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Speaker 1: few months to avoid what's been a bear market and

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Speaker 1: for profit education stocks, when it's actually gone on about

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Speaker 1: as long as the bullmarket in US stocks. American Public

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Speaker 1: Education serves the military and government employees. Take her a

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Speaker 1: Pei company went public or twenty dollars a share in

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Speaker 1: November two thousand seven, stated above that price through last November,

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Speaker 1: then it fell as low as thirteen dollars and eighty cents.

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Speaker 1: Favorable earnings reports LEDs to recovery, then again Today the

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Speaker 1: stock tumbled a new in the wake of second quarter results.

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Speaker 1: American Public Educations earnings fell seven percent from a year

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Speaker 1: earlier after rising eighteen percent on the first quarter. Dropping course,

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Speaker 1: registrations by new students accelerated to twenty two percent from

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Speaker 1: fifteen percent. You put that together, American Public Education down

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Speaker 1: twenty percent biggest drop since May have last year. Thank

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Speaker 1: you very much. Dave Wilson, Bloomberg stocks commas send him

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Speaker 1: an email at d Wilson at Bloomberg dot net. Become

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Speaker 1: a smarter investor. This is Bloomberg. Yeah, coming up on

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Speaker 1: taking stock tabula. This is the publishing widget that recommends

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Speaker 1: more content at the end of your articles you read online.

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Speaker 1: It's made an acquisition. We're going to tell you about

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Speaker 1: it next