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

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Speaker 1: dot coms the radio plus Blobo on your radio, this

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Speaker 1: is a Bloomberg Business for her on Bloomberg World Headquarters.

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Speaker 1: I'm Charlie Pelletta. An update for the Dow Industrials, an

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Speaker 1: up week for the SMP five hundred index. Folks from

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Speaker 1: Advanced Pierre Foods Holdings ringing that closing bell. We begin

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Speaker 1: though with a developing story that we're monitoring for you

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Speaker 1: right now out of Turkey. Reuter's signing witnesses as saying

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Speaker 1: military jets and helicopters are flying over Anka, that is

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Speaker 1: the Turkish capital. Earlier, Turkish soldiers closed some roads heading

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Speaker 1: towards the Bosporus bridges in Istanbul. Back to the markets,

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Speaker 1: four the week, s and P five hundred index up

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Speaker 1: one and a half percent, advancing for a third week.

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Speaker 1: Today we had the Dow Jones Industrial Average climbing eight

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Speaker 1: points to eighteen thousand, five hundred fourteen, a gain there

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Speaker 1: of point one percent. SMP five hundred index holding close

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Speaker 1: to a record as we head into the weekend, falling

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Speaker 1: two points today at twenty one sixty one, down point

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Speaker 1: one percent, and the mad Stack Compositive Index lower by

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Speaker 1: one tenth of one percent. Wells Fargo, the world's most

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Speaker 1: valuable banks, said second quarter profit fell two point eight percent.

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Speaker 1: Is more energy loans, soured expenses rose, and revenue for

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Speaker 1: mortgage lending decline. Today Wells Fargo down two and a

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Speaker 1: half percent. Michael Mattioli is portfolio manager at Manulife Asset Management.

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Speaker 1: He was interviewed minutes ago right here on taking stock.

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Speaker 1: You know, based on the way the stocks trading today,

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Speaker 1: it seems like it's all about energy UM. When you

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Speaker 1: just look at earnings and what they posted, they came

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Speaker 1: up a bit like because of those energy losses UM,

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Speaker 1: and it's remaining a headwind to profit growth. But it's

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Speaker 1: not all energy. If you listen to the management conference

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Speaker 1: called guidance on net interest income was a bit subdued,

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Speaker 1: and City Groups said second quarter profit fell seventeen percent

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Speaker 1: on lower revenue from consumer banking. Today we had City

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Speaker 1: Group shares down by three tenths of one percent. Also

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Speaker 1: reporting today, US Bangkorp, that is the nation's largest regional lender.

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Speaker 1: It post to second quarter profit that beat analysts estimates.

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Speaker 1: Shares up one and a half percent. Gold down four

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Speaker 1: tenths of one percent to thirty seven. Crude oil up

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Speaker 1: twenty eight cents West Texas intermediate barrel. Again there of

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Speaker 1: six tenths of one percent four oh two on Wall Street. Now,

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Speaker 1: let's take a look at other news from around the world. Charlie,

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Speaker 1: thank you from the Bloomberg News room, I Mark Crompton.

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Speaker 1: President Obama has joined world leaders in condemning last night's

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Speaker 1: terror attack in Nice. Today, our hearts are with the

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Speaker 1: people of France and with all the innocent men, women,

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Speaker 1: and so many children who were hurt or killed in

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Speaker 1: this sickening attack of French prosecutors says of the eighty

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Speaker 1: four people killed, ten were children or teenagers. The US

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Speaker 1: has released twenty eight classified pages that have fed speculation

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Speaker 1: about a Sawny government role in the nine eleven attacks.

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Speaker 1: The report says while in the US, some of the

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Speaker 1: hijackers were in contact with and received support or assistance

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Speaker 1: from individuals who may be connected to the Saudi government.

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Speaker 1: The Saudis have said the allegations are false. Donald Trump

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Speaker 1: has chosen Indiana Governor Mike Pence as his running mate,

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Speaker 1: adding significant government experience to his outsider campaign for the

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Speaker 1: White House, and they think Mike Pence is going to

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Speaker 1: be that complimentary pair of hands that sort of makes

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Speaker 1: Donald Trump to appear more presidential and give him that

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Speaker 1: security with the conservative base as well. That's Bloomberg's Washington

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Speaker 1: Bureau chief Megan Murphy. New England Patriots quarterback Tom Brady

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Speaker 1: won't appeal is four games suspension to the U. S.

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Speaker 1: Supreme Court of Federal Appeals Court had denied Brady's attempt

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Speaker 1: to get a new hearing on his deflate Gate suspension.

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Speaker 1: Port Authority police patrolling the World Trade Center area arrested

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Speaker 1: one man with a loaded pistol and another with a knife.

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Speaker 1: A spokesman says the arrest were made this morning. It

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Speaker 1: appears the two suspects were intoxicated. Global News twenty four

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Speaker 1: hours a day, powered by more than twenty journalists and

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Speaker 1: analyst in more than one twenty countries. I'm Mark Crumpton.

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Speaker 1: This is Bloomberg, Charlie, and we thank you and again

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Speaker 1: recappings and PETE five hundred index down two points a

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Speaker 1: winning week at one a drop there of point one.

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Speaker 1: I'm Charlie Pellaton. That's a Bloomberg business flash move around

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Speaker 1: mosten creates the motion. I move on you move like

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Speaker 1: they do. I've never seen anyone move that back. Five people.

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Speaker 1: Let's move luck. You've got a purpose. That was called

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Speaker 1: movers and shakers. They cost a little more about that

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Speaker 1: name cracked me up. Bloomberg taking stock Movers and Shakers

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Speaker 1: with Pim Fox and Kathleen As on Bloomberg Radio Movers

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Speaker 1: and Shakers for Friday to lot of the fifteen twenty

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Speaker 1: A sixteen taking to look at the SNP five hundred,

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Speaker 1: two hundred and twenty six issues advanced, two hundred and

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Speaker 1: seventy one fall and eight remain unchanged. Let's bringing Bloomberg

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Speaker 1: Stocks Commas Dave Wilson to begin our movers and Shakers date. Well,

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Speaker 1: we had four companies in the SNP five hundred report

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Speaker 1: earnings today, all of them financial, and three have of

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Speaker 1: four moving lower on the day, Wells Fargo down two

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Speaker 1: and a half percent, P and C Financial down one percent,

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Speaker 1: in City Group down three tents of per percent. The

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Speaker 1: exception was US Bank Corps, the nation's largest regional lender.

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Speaker 1: Uh their second quarter profit and revenue beat analysts average estimates.

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Speaker 1: In the Bloomberg survey. US Bank Coorps benefited from gains

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Speaker 1: in commercial and credit card loans, and that combination enabled

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Speaker 1: US Bank Corps shares to move higher on the day

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Speaker 1: by one point six percent. All right, I'm gonna tell

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Speaker 1: you about International Paper, the shares higher by more than

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Speaker 1: three percent today. Container Board inventories fell hundred and fifty

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Speaker 1: tons versus a prior five year average of just eight thousand,

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Speaker 1: but it remains six percent above the average. And why well,

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Speaker 1: demand has benefited from a one and a half percent

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Speaker 1: increase in box shipments at a five percent increase in exports.

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Speaker 1: Once again, shares of International Paper up more than three percent.

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Speaker 1: Second biggest game in the S and P five hundred

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Speaker 1: that was, and the biggest one also affected by what's

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Speaker 1: going on with container board West Rock that stock up

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Speaker 1: five point seven percent. I want to mention Infocist really quickly.

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Speaker 1: This is the Indian as they call it, software services

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Speaker 1: exporter UH technology company, and UH they had revenue and

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Speaker 1: earnings out for the fiscal first quarter that failed to

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Speaker 1: meet estimates. Emphasis cut its full your forecast for sales growth,

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Speaker 1: and that stock in US trading following eight point nine percent,

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Speaker 1: biggest drop in fifteen months. And the results also took

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Speaker 1: down shares of Congniszant technology solution, that stock losing two

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Speaker 1: percent on the day. All right, I'm gonna tell you

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Speaker 1: about l k Q now. L k Q UH shares

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Speaker 1: down today by about nine tenths of a percent, according

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Speaker 1: to Consumer Edge analyst James Albert Heine. Writing in a note,

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Speaker 1: he says that l k Q may have near term

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Speaker 1: upside from core North American collision business as more vehicles

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Speaker 1: enter that three to eight year range. He's initiating coverage

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Speaker 1: with a bar table scenario range between thirty two and

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Speaker 1: forty two dollars to share. Shares of l k Q Corp.

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Speaker 1: Down nine tenths of a percent at thirty two dollars

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Speaker 1: and eight cents today. You know what okay Q stands for,

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Speaker 1: by the way, go ahead, like kind and quality. Yes,

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Speaker 1: that's the big deal in the replacement ports business. I

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Speaker 1: want to mention a lier. This is the medical testing

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Speaker 1: company that Abbott Labs made a five point billion dollar

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Speaker 1: offer to buy. They've had some back and forth the

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Speaker 1: since then, in part because as a layer has been

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Speaker 1: late with filing results. Now the medical testing company came

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Speaker 1: out with partial results. UH filed them to US regulators

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Speaker 1: for last year and for this year's first quarter. So

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Speaker 1: moving a step closer to the kind of disclosure that

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Speaker 1: Abbott is looking for. A layer. Shares with a gain

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Speaker 1: of ten a half percent in the wake of those filings,

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Speaker 1: Microsoft to share some Microsoft down today by about a

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Speaker 1: tenth of a percent fifty three dollars and seventy cents

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Speaker 1: on the clothes for Microsoft, Microsoft, as you may recall,

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Speaker 1: last year, said that it was wanted to get Windows

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Speaker 1: ten on one billion devices within two to three years.

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Speaker 1: It's said today it's not going to meet that goal

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Speaker 1: for the new operating system because of the dramatic reduction

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Speaker 1: of its Windows phone business. The company says that it

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Speaker 1: is still committed to the one billion goal, but it's

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Speaker 1: going to take longer to achieve. Once again, shares some

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Speaker 1: Microsoft down a tenth of a percent fifty three dollars

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Speaker 1: and seventy cents. Stick with the deal, Stocks and take

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Speaker 1: a look at Rite Aid Walgreens Boots Alliance looking to

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Speaker 1: buy them from nine point four billion dollars. You're talking

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Speaker 1: about putting together two of the three largest US drug

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Speaker 1: store chains. There has been some concerned about anti trust issues. Well,

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Speaker 1: the New York Post signing. Unnamed sources said Walgreens is

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Speaker 1: and talks with US regulators about assets sales needed to

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Speaker 1: complete the deal. And actually the folks that ever Corps

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Speaker 1: I s I see a sixty five percent chance of approval.

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Speaker 1: And against that backdrop, you've got right eight up two

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Speaker 1: point four percent on the day and Walgreens down one

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Speaker 1: and a half percent. It is time now for the

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Speaker 1: Volatility Index report, brought to you by cbo E VIX

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Speaker 1: Options and Futures. Volatility can be harnessed with cbo ViXS

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Speaker 1: options and futures see disclosures. Learn more at cboe dot

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

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Speaker 1: two point eight percent as a drop of point three six,

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Speaker 1: settling at twelve point four six, and volatility as measured

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Speaker 1: by the VIX index is trading near the lowest level

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Speaker 1: of sixteen. All right, Dave here up, hi, My name

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

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Speaker 1: We're going for the brankfound Dave. Dave, Dave Wilson, Bloomberg

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Speaker 1: Stocks COMUS. And I'm just gonna ask you to hold

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Speaker 1: on for just a minute because we're getting a headline

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Speaker 1: that the Turkish Prime Minister says that an uprising has

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Speaker 1: erupted within army ranks. That is all the news we

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Speaker 1: have at the moment, but we will bring you more

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Speaker 1: as we get it. Once again, the Turkish Prime Minister

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Speaker 1: saying that an uprising has erupted within the Turkish Army's ranks.

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Speaker 1: I beg your pardon, Dave Wilson. Let's go and talk

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Speaker 1: about five G Big Spectrum, indeed Straight Path Communications. They

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Speaker 1: own computer networking patents and wireless spectrum licenses. They were

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Speaker 1: spun all three years ago by the phone card provider

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Speaker 1: I T I D t UH Straight Path trading under

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Speaker 1: the ticker STRP. Now the comedy shares wrote tenfold from

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Speaker 1: the spinoff through last October, only to collapse after short

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Speaker 1: sellers Carrosdale Capital and Sinclair Upton wrote critical reports. Company

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Speaker 1: said the researches allegations had no merit, and the stocks

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Speaker 1: recoup most of the losses since then. This week, the

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Speaker 1: recovery accelerated as a US decision on that next generation

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Speaker 1: of wireless services, five G when in its favor. Yesterday,

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Speaker 1: the Federal Communications Commission designated four bands of spectrum for

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Speaker 1: use in five G networks, and straight Path owns frequencies

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Speaker 1: in two of them. UH you look at today's training.

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Speaker 1: While the stock rose almost thirteen and a half percent,

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Speaker 1: and that brought its advanced for the week to almost

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Speaker 1: fifty that was the biggest for companies of Russell two

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Speaker 1: thousand index and straight Path rose every day in this week.

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Speaker 1: Straight again, thank you very much. Have a great weekend.

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Speaker 1: Dave Wilson, Bloomberg stocks Commas go ahead, send him an

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Speaker 1: email at d Wilson at Bloomberg dot net, sign up

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Speaker 1: for his daily free email newsletter and will make you

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Speaker 1: a smarter investor. This is Bloomberg. Bloomber taking stock has

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Speaker 1: brought you by the Celebrity Motor Car Company, the luxury

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Speaker 1: of BMW, the performance of Maserati, the innovation of Lexus.

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Speaker 1: Walk the red carpet and get the status you deserve

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