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Speaker 1: Bloomberg Business News twenty four hours a day at Bloomberg

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Speaker 1: dot com, the Radio plus Nobile and on your radio

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Speaker 1: is a Bloomberg Business Flush from Bloomberg World Handquarters. I'm Charlie.

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Speaker 1: Hell out. Sound of the closing bell of the New

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Speaker 1: York Stock Exchange as we wrap up trading on this Thursday,

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Speaker 1: September eight folks from CBS Corporation ringing that closing bell.

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Speaker 1: We are brought to you by Sector Spider E t

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Speaker 1: F S. Why by a single stock when you can

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Speaker 1: invest in the entire sector. Visits Sector sp d r

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Speaker 1: s dot com or call one six Sector E t

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Speaker 1: F losing Thursday stock slipping from near record levels after

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Speaker 1: European Central Bank President Mario Draggy downplayed the need for

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Speaker 1: more stimulus measures to bolster growth. Danny blanche Flower is

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Speaker 1: an economics professor at Dartmouth and a former Bank of

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Speaker 1: England policymaker. He was our guest today right here on

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Speaker 1: taking stock the ECPs, looking at what additional things can

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Speaker 1: it do, particularly with the Brexit shop But clearly we

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Speaker 1: don't have biggest shock it is, but it clearly represents

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Speaker 1: a negative shock to the euro Area and to the UK.

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Speaker 1: So so essentially drug has made it clear, shocks it

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Speaker 1: to the downs that there's limited things that they can do.

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Speaker 1: The SMP five hundred index down four to one to

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Speaker 1: drop there of two tents of one percent down, Industrials

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Speaker 1: down forty seven, a decline of three tents of one percent,

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Speaker 1: and has stacked down twenty four a drop of five

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Speaker 1: tenths of one percent. The tenure down nineteen thirty seconds

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Speaker 1: that yield one point six one percent, Gold down seven

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Speaker 1: to thirteen thirty seven, a drop of six tents of

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Speaker 1: one percent, and crude oil surging four point two percent.

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Speaker 1: West Texas Intermediate up a dollar ninety of barrel to

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Speaker 1: forty seven dollars and forty cents. Apple was the biggest drag,

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Speaker 1: following the most in two months the day after the

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Speaker 1: introduction of the latest iPhone, Apple down two point six percent.

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Speaker 1: Apple is also raking with traditions, says it will not

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Speaker 1: provide opening weekend sales numbers for the new iPhone. Tractor

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Speaker 1: supply tumbling today by sixteen point nine percent, biggest Trump

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Speaker 1: in five years after cutting its profit outlook, and at

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Speaker 1: four o two on Wall Street. Now, let's look at

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Speaker 1: other news from around the world. Charlie, thank you from

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Speaker 1: the Bloomberg News room. I'm Mark Crumpton. As he left

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Speaker 1: Laus early today, President Obama was asked for his views

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Speaker 1: on Donald Trump. The President said elections can bring out

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Speaker 1: political behavior that's not normally tolerated. There is this process

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Speaker 1: that seems to take place over the course of the

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Speaker 1: election season where somehow behavior that in normal times we

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Speaker 1: would consider completely unacceptable and outrageous becomes normalized and people

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Speaker 1: start thinking that we should be great and on a curve.

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Speaker 1: Appearing on ABC's The View, Libertarian presidential candidate Gary Johnson

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Speaker 1: spoke about his big gaff this morning on MSNBC when

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Speaker 1: he seemed unable to recall what Aleppo was. Johnson said

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Speaker 1: he was thinking in terms of acronyms at the time

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Speaker 1: and is very aware of the Syrian city. To get

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Speaker 1: out of Syria, that has to be joining hands with

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Speaker 1: Russia diplomatically to make this happen. And that isn't to

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Speaker 1: say that Obama isn't pursuing that currently, but that is

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Speaker 1: the key in my opinion, to resolving Syria. And after

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Speaker 1: his MSNBC appearance, Johnson told Mark Alpern of Bloomberg Politics

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Speaker 1: that he needs to learn more. Ryan Lockty is barred

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Speaker 1: from swimming through next June and will forfeit one hundred

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Speaker 1: thousand dollars in bonus money that went with his gold

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Speaker 1: medal at the Summer Olympics as part of the penalty

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Speaker 1: for his drunken encounter at a gas station in Brazil

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Speaker 1: during last month's games. Global News twenty four hours a day,

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Speaker 1: powered by more than twenty hundred journalists and analysts in

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

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Speaker 1: and we thank you and again recapping stocks lower SMP

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Speaker 1: five hundred index dropping four points to one, a decline

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Speaker 1: today of two tenths of one percent. I'm Charlie Pellatton.

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Speaker 1: That's a Bloomberg business flash. Move around most great promotion,

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Speaker 1: the elite move. You moved like they do. I've never

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Speaker 1: seen anyone move that back hard people. Let's moved like

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Speaker 1: to get a purpose. He's called movers and shakers. They

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Speaker 1: cost a little more. That name cracked me up. Bloomberg

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Speaker 1: taking stock Movers and Shakers with Pim Fox and Kathleen

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Speaker 1: As on Bloomberg Radio. Let's look inside the SMP five

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Speaker 1: hundred looks like it a definitive thumbs down on stock

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Speaker 1: today even though there were one nine four gainers, that's

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Speaker 1: no Insigni nicking amount. There were three hundred and ten

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Speaker 1: losers today. One company's share price closing unchanged. Dave Wilson,

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Speaker 1: are stocks that it is back to kickoff movers and shakers? Well,

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Speaker 1: let's talk about what Gilead's sciences is up to when

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Speaker 1: it's more about what it may mean for other companies.

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Speaker 1: Their their top research executive went to an investor conference

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Speaker 1: and talked about how they're looking to expand into cancer drugs.

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Speaker 1: Gillyad best known for its heapetitze C treatments at the moment,

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Speaker 1: and they're looking at a particular type of therapy for

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Speaker 1: cancer that a couple of companies are working on. One

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Speaker 1: of them is two Sarah the tickers t s r OH.

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Speaker 1: That stock up seven and a half percent in today's trading.

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Speaker 1: The others Clovis Oncology ticker c LVS, and that stock

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Speaker 1: gained fifty percent after Gilead's comments. Gill Head by the

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Speaker 1: way up one on the day. I was gonna tell

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Speaker 1: you about Barnes and Noble. Have you been looking at

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Speaker 1: the shares of Barnes and Noble today, body any chance

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Speaker 1: shares a Barnes and Noble uh falling today They declined

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Speaker 1: about four percent. This comes after the company reported quarterly

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Speaker 1: results that the founder says is the worst in years.

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Speaker 1: And Riggio the founder of Barnes and Noble and currently

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Speaker 1: the chairman, He said the bookstore chain is suffering from

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Speaker 1: one of the worst retail environments and it has hit

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Speaker 1: it close to a historic low point. He said the

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Speaker 1: retail climate is terrible, and he said the company's first

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Speaker 1: quarter earnings call uh. He spoke on the earnings call today,

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Speaker 1: he said, better put, it is one of the worst

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Speaker 1: I have seen or experienced in fifty years I've been

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Speaker 1: in this industry. Shares of Barnes and Noble, the bookseller

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Speaker 1: down four percent would be very interesting to see if

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Speaker 1: that's a related just to Barnes and Noble and on

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Speaker 1: the online on the online competition PM more, if it

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Speaker 1: shows something broader about consumers, we should you know just

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Speaker 1: a point, do you know that Barnes and Noble has

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Speaker 1: I think about six million customers that spent twenty five

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Speaker 1: dollars a year to be part of a similar kind

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Speaker 1: of prime program that Amazon has well, we'll see. Let's

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Speaker 1: talk about Apple real quick here, because you know the

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Speaker 1: big event yesterday new iPhones, new watches, and today Apple

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Speaker 1: has said it's not going to release its opening weekend

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Speaker 1: sales numbers as it has in the past. What's holding

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Speaker 1: back a key metric a lot of investors have used

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Speaker 1: to determine the success of an iPhone launch. Apples saying

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Speaker 1: we're now at a point where we know, before taking

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Speaker 1: the first customer priorder, we will sell out of the

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Speaker 1: iPhone seven. Also that initial sales will be governed by supply,

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Speaker 1: not demand, so at any rate, that's their decision today.

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Speaker 1: But the investors really didn't like it too much. Not

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Speaker 1: a big, big loss two point six percent on the

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Speaker 1: share price two five dollars and fifty two cents. Dave, Well,

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Speaker 1: let's stick with healthcare and deal making, specifically in the

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Speaker 1: drug store business. Walgreen's Boots Alliance has been trying to

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Speaker 1: buy right A for nine point four billion dollars, and

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Speaker 1: there was good news and bad news on that front. Today.

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Speaker 1: The bad news is that Walgreens figures they're going to

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Speaker 1: have to divest more stores than they originally plan in

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Speaker 1: order to overcome US anti trust objections. The good news

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Speaker 1: is that Walgreens still expects to complete the purchase in

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Speaker 1: the second half of this year, and it was the

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Speaker 1: good news that carried the day Walgreen's boots up two

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Speaker 1: point two percent, and Ride Aid with a gain of

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Speaker 1: close to six percent. How about Twitter, tell you about

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Speaker 1: the shares of Twitter today down nearly six percent, and

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Speaker 1: this comes after really no tangible news emerging from Twitter's

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Speaker 1: board meeting today. Investors had hoped, perhaps for a sale

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Speaker 1: or change in management. Well, they are gonna have to

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Speaker 1: look elsewhere. No news from the Twitter board and if

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Speaker 1: you take a look at the recent trend slowing growth

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Speaker 1: not expected to reverse in the near future. Shares of

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Speaker 1: Twitter down today by nearly six percent. Is one more

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Speaker 1: quickly going to retailer Because again, are these microvisions of companies,

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Speaker 1: earnings and etcetera a broader signal for the economy. Peer

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Speaker 1: one UH down the most in nearly nine months. Their

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Speaker 1: second quarter loss is going to be wild than expected,

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Speaker 1: and their CEO announced his plans to retire at the

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Speaker 1: end of the year. Nevertheless, with their comparable sales down

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Speaker 1: four part three percent in the period through last month,

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Speaker 1: UH this is something that investors are taking note of

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Speaker 1: All right, it's time now for the volatility Index. Reported

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Speaker 1: is brought to you by cbo E VIX Options and Futures.

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Speaker 1: Volatility can be harnessed with cbo E VIX Options and

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Speaker 1: Futures CE disclosures. Learn more at cbo E dot com

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Speaker 1: Slash Powerful Outcomes VIX. The VIX higher today by two

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Speaker 1: and a half percent, up point three four, settling at

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Speaker 1: twelve point twenty eight. And just to note that there's

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Speaker 1: a divergence between institutional and retail investors. Institutions are bailing

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Speaker 1: on bets that volatility will increase, while smaller investors are

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Speaker 1: actually increasing their bets that volatility will rise. Net short positions,

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Speaker 1: the VIX reached a record this month at the same

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Speaker 1: time that long positions and contracts linked to the SMP

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Speaker 1: five hundred of NASAC one d and the Dow total

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Speaker 1: nearly sixty billion. That has not a that's a level

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Speaker 1: that's not been reached since night six. Alright, Dave, you're

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Speaker 1: h my name is Dave. Just what do you think

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Speaker 1: you're doing today? We're going for Dave, Dave Lahya Pharmaceutical Dave. Now,

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Speaker 1: this company you could call them a poster child for

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Speaker 1: reverse stock splits, when you end up with fewer shares

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Speaker 1: rather than more. Company has been around since at least

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Speaker 1: publicly traded, and they've done four reverse splits over the years,

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Speaker 1: to the point that if you had bought two and

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Speaker 1: a half million shares in their initial public offering, you

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Speaker 1: would have one share count one today. Now. Lahoya, who's

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Speaker 1: ticker is l j PC, has yet to introduce its

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Speaker 1: first product, which makes playing why all the reverse splits

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Speaker 1: took place over the years. These days, Lahoia is looking

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Speaker 1: to go beyond the development stage. The company said late

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Speaker 1: yesterday that results from a first stage study of a

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Speaker 1: blood treatment were positive. La also said it reached a

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Speaker 1: deal with European regulators on how to conduct another study,

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Speaker 1: set to begin in the middle of next year. Kalan

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Speaker 1: Analysts Film Adelle wrote in a report that Lahoya's drug

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Speaker 1: may serve a major unmet need in his words, for

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Speaker 1: some patients. He recommends buying the stock, and many investors

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Speaker 1: did just that. Today Lahoia Pharmaceuticals with a gain of

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Speaker 1: sixteen percent, and that was the stock's biggest advance in

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Speaker 1: a year. Thank you very much, Dave Wilson, Bloomberg stocks

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Speaker 1: commists send him an email at d Wilson at Bloomberg

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Speaker 1: dot net. Sign up for his daily free email newsletter.

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Speaker 1: Follow him on Twitter at The One Dave. You can

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Speaker 1: follow my co host Kathleen Hayes at Kathleen Underscore Hayes,

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