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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 mobil and on your radio,

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Speaker 1: this is a Broomberg business flash. 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 stocks closing at the worst level of the session.

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Speaker 1: Folks from Third Street Music School Settlement ringing that closing bell.

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Speaker 1: Stocks move lawer banks under pressure, and we are brought

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Speaker 1: to you by the American Arbitration Association. Business disputes are

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Speaker 1: inevitable resolve faster with the American Arbitration Association, the global

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Speaker 1: leader in alternative dispute resolution for over eighty five years,

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Speaker 1: more than a d R dot Org. Traders bracing for

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Speaker 1: a heated US presidential debate tonight have another element to

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Speaker 1: contend with, and that is the global sell off in banks.

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Speaker 1: Right now, we have got Deutsche Bank at the bell,

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Speaker 1: down seven point one percent, equities wiping out their monthly advances.

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Speaker 1: Deutsche Bank tumbled to a record low on speculation Germany's

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Speaker 1: largest lender would need to raise capital. The SMP five

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Speaker 1: hundred index down eighteen to twenty one forty six, a

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Speaker 1: drop of nine tenths of one percent down. Industrials down

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Speaker 1: a hundred and sixty four points to eighteen thousand, ninety seven,

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Speaker 1: a drop also of nine tenths of one percent, as

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Speaker 1: stackdown forty eight that to a drop of nine tenths

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Speaker 1: of one percent. People familiar with the matter say the

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Speaker 1: Walt Disney Company is working with a financial advisor to

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Speaker 1: evaluate a possible bid for Twitter. Sarah Fryer and Alex

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Speaker 1: Sherman broke the story for Bloomberg News and right here

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Speaker 1: on taking stock. Sherman told us there is logic in

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Speaker 1: a tie up from Disney's perspective. Disney has recently invested

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Speaker 1: in Major League Baseball's what was formerly Major League Baseball's

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Speaker 1: technology to stream videos. So clearly Disney is taking a

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Speaker 1: look at this idea of live streaming video, and maybe

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Speaker 1: Disney can use Twitter as sort of its own platform

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Speaker 1: to promote its own video. Disney owns Monday Night football

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Speaker 1: rights for two or so, so they already have a

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Speaker 1: football contract there. There's some roging, and Disney shares up

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Speaker 1: today by our actually Disney lord today by one point

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Speaker 1: four percent. It was Twitter that advanced hired today by

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Speaker 1: three point three percent, and the four oh two on

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Speaker 1: Wall Street. Now, let's take a look at other news

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Speaker 1: from around the world. Charlie, Thank you from the Bloomberg

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Speaker 1: News Room by Mark Crumpton. Hillary Clinton and Donald Trump

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Speaker 1: meet tonight in their first presidential debate, and a new

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Speaker 1: Bloomberg Politics national polls shows them tied in a two

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Speaker 1: way race. The survey has the candidates each with forty

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Speaker 1: six percent. When third party candidates are included, Trump leads

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Speaker 1: Clinton forty percent to forty one percent. David Pluff was

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Speaker 1: Barack Obama's campaign manager in two thousand and eight. He

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Speaker 1: says Clinton has her work cut out for her, the

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Speaker 1: huge opportunity for us. She's not the best speechmaker in

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Speaker 1: the world. She's not a great retail politician, particularly compared

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Speaker 1: to her husband. Sarah Huckabee is a senior advisor to

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Speaker 1: the Trump campaign. He's gonna talk about his passion for

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Speaker 1: America and putting America first. I think we're gonna see

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Speaker 1: a lot of just who Donald Trump is. Uh. He's

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Speaker 1: not a poll tested, scripted career politician, and that contrast

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Speaker 1: on this stage will be very start tonight. Send up.

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Speaker 1: Majority leader Mitch McConnell says lawmakers will vote Wednesday and

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Speaker 1: an effort to override President Obama's veto of legislation to

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Speaker 1: let families of nine eleven victims sue the Saudi government.

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Speaker 1: President says the law could leave US officials open to

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Speaker 1: lawsuits in foreign courts. The Justice Department's awarding more than

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Speaker 1: twenty million dollars to law enforcement agencies to help them

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Speaker 1: add to or improve their use of body cameras. For

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Speaker 1: the first time in eighty years. Of farm and Upstate

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Speaker 1: New York is legally growing cannabis, but it's not for

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Speaker 1: smoking the time, says j D Farms is growing industrial hemp,

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Speaker 1: which can be used to make everything from flower to plastics.

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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 over one twenty countries.

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

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Speaker 1: you and again recapping moved floor for US equities today

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Speaker 1: with the SMP five hundred index slumping eighteen points, down

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Speaker 1: nine tenths of one percent down, Industrials down a hundred

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Speaker 1: and sixty six, also down nine tenths of one percent.

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Speaker 1: I'm Charlie Pealett, and that's a Bloomberg Business flash move around.

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Speaker 1: Morten Greate promotion a move like they do. I've never

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

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Speaker 1: get a purpose. That we called movers and shakers. It

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Speaker 1: costs a little more about that name. Cracked me up.

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Speaker 1: Bloomberg taking Stock Movers and Shakers with Pim Fox and

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Speaker 1: Kathleen As on Bloomberg Radio, a special edition of Taking

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Speaker 1: Stock Today. We're broadcasting live from Midtown Manhattan from the

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Speaker 1: offices of Eisner Amper. Doesn't take our eye off the

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Speaker 1: movers and shakers today, though, I'm gonna go inside the

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Speaker 1: sp five hund it really quick for a look at

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Speaker 1: how the markets stacked up definitely to the downside, with

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Speaker 1: four hundred and four losers, ninety eight gainers, just three

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Speaker 1: companies with their share prices closing un changed. Dave Wilson

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Speaker 1: is black up Bloombrick World headquarters here in New York City.

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Speaker 1: To kick it off for us, I want to talk

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Speaker 1: about Deutsche Bank, if only because what's going on at

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Speaker 1: that company sort of had follow on effects on bank

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Speaker 1: stocks on both sides of the Atlantic. UH Germany's Focus

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Speaker 1: magazine reporting Chancellor Angela Merkell ruled out state funding for

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Speaker 1: the bank before elections next September They also reported that

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Speaker 1: Merkel won't get involved in the bank's legal dispute with

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Speaker 1: the US the Justice Department seeking fourteen billion dollars to

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Speaker 1: settle mortgage securities cases brought against Deutsche Bank. Now German

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Speaker 1: government spokesman said there's no grounds for financing speculation. Nonetheless,

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Speaker 1: Deutsche Bank with a loss of seven point one percent

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Speaker 1: in US trading. I'll talk about the shares of a

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Speaker 1: Ray bio Farma. The shares higher by nearly eighty two percent.

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Speaker 1: This move comes after the company said it's treatment for

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Speaker 1: a form of skin cancer showed promising first results in

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Speaker 1: a final stage study. Arraysed treatment targets melanoma and melanoma

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Speaker 1: is one of the most common and deadly cancers in

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Speaker 1: the United States, with more than seventy six thousand new

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Speaker 1: cases and ten thousand deaths annually. Array bio Farma the

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Speaker 1: shares higher today by more than eighty percent. Well, I

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Speaker 1: just want to take a look at Callaway Golf today

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Speaker 1: as the King of Golf, Arnold Palmer passes away at

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Speaker 1: the age of seven. Considered one of the greatest professional

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Speaker 1: golfers of this air, A trailblazer, he was one of

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Speaker 1: the ones who came of age and helped popularize and

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Speaker 1: commercialize the sport when television took over from the nineteen

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Speaker 1: fifties forward. And UH interesting to some of the commentators

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Speaker 1: are saying that as sad as the death of anold

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Speaker 1: Palmer is, that could provide a lift for Callaway Golf,

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Speaker 1: which bought the rights to Palmer's name an image regarding

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Speaker 1: golf project products he's met in two thousands. Will be

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Speaker 1: interesting to see what happens with Callaway Golf. But I

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Speaker 1: think anybody who is a golf fan or a sports

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Speaker 1: fan is is single bye to Arnold Palmer Today of

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Speaker 1: the share price down just a little bit for Callaway

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Speaker 1: ten cents and eleven dollars and sixty three cents, I

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Speaker 1: want to mention Restaurant Brands International. This is the company

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Speaker 1: that owns Burger King and Tim Horton's UH three G

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Speaker 1: capital of the controlling shareholder Bill Akman's Pershing Square has

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Speaker 1: a substantial steak as well. Restaurant Brands cut to the

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Speaker 1: equivalent of self from neutral at the institutional firm Longbow

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Speaker 1: Research UH Longbow setting sign that Burger King's growth in

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Speaker 1: sales and new stores is slowing. H you put that

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Speaker 1: together restaurant brands to take on this one. Q s

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Speaker 1: R is a quick serve restaurants down three point one percent,

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Speaker 1: and I'll talk about the shares a Carnival Cruise Lines

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Speaker 1: down one point to six percent, despite the company saying

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Speaker 1: that first half fiscal cumulative advanced bookings are ahead of

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Speaker 1: prior year at considerably higher prices. Fairs were higher in

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Speaker 1: early morning trading but turned lower, perhaps for profit taking

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Speaker 1: once again to shares of Carnival Cruise Lines down one

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Speaker 1: point six percent. Just a quick look at Twitter and Disney,

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Speaker 1: as Walt Disney reportedly looking at a post bid for Twitter.

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Speaker 1: Triffic story broken by our own Bloomberg News due Alex

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Speaker 1: Sherman and Sarah Fire's interesting Piana. Here at the Eisner

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Speaker 1: amper Uh event today, we spoke to Sam Sad, who

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Speaker 1: is the founder and CEAT of Megalith Capital Management, who

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Speaker 1: had a career in media before he got into real

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Speaker 1: the state. He said to him, this deal makes sense,

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Speaker 1: the streaming rights, all the four A into sports another

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Speaker 1: thing through ESPN. He gave it this deal thumbs up

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Speaker 1: today and investors again boosting Twitter but not so positive

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Speaker 1: on Disney. Just indeed, all Right now, it's time for

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Speaker 1: the Volatility Index Report. It's brought to you by the

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Speaker 1: c VOE VIX Options and Futures. Volatility can be harnessed

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Speaker 1: at cvo E dot com Slash Powerful Outcomes VIX. Taking

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Speaker 1: a look at the VIX, it moved higher today. It

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Speaker 1: surged by more than seventeen percent. It was up two

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Speaker 1: point to one, settling at fourteen point five. Oh. The

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Speaker 1: move in higher volatility can also be attributed to people's

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Speaker 1: concerns over the outcome of tonight's presidential debate. And just

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Speaker 1: to note that Bloomberg's coverage Bloomberg Politics coverage of the

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Speaker 1: debate will be carried live streaming on Twitter. Alright, my

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

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Speaker 1: We're going for Dave, Dave Well. I bet a lot

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Speaker 1: of investors in lands and Dave wish they would have

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Speaker 1: gotten that note from the CEO that he was about

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Speaker 1: ready to leave the company. Kind of tough on the

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Speaker 1: stock today, right, Yeah, it definitely was in fair mind.

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Speaker 1: Lands End is a casual wear maker and retailer SPAF

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Speaker 1: about two and a half years ago by Sears Holdings

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Speaker 1: UH Sears chief executive Eddie Lampert and his hedge fund

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Speaker 1: on most of the company's shares lands and trades under

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Speaker 1: the ticker l E. Stock peaked at fifty six hours

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Speaker 1: and twenty five cents in December and plunged fifty seven

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Speaker 1: percent last year as quarterly results were disappointing. The lossest

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Speaker 1: man at this year, and the share set a record

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Speaker 1: low in July. Now lands End had attempt at a rebound,

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Speaker 1: and then again. It was set back today after Chief

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Speaker 1: executive Federica Marcioni resigned. She lasted less than two years

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Speaker 1: after arriving from Dolce and Gabana's US unit. Marcioni's departure

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Speaker 1: followed three straight quarterly losses accompanied by falling sales. Lands

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Speaker 1: End named the two executives as co interrom CEOs, Chief

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Speaker 1: Merchandizing and Design Officer Joseph Boitano and Chief Operating and

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Speaker 1: Financial Officer James Gooch. The management change prompted c L

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Speaker 1: King and Associates to cut its rating to neutral from by.

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Speaker 1: It also prompted some investors to sell the stock. Lands

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Speaker 1: End suffered as biggest one day loss in twenty months,

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Speaker 1: as the shares fell fourteen percent. Thank you very much,

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Speaker 1: Dave Wilson, Bloomberg Stocks Thomas 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. There's a special edition

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Speaker 1: of Bloomberg Taking Stock with broadcasting live from Midtown Manhattan

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Speaker 1: from the offices of her as they prepare for their

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Speaker 1: fourth annual Real Estate Private Equity Summit. Keynote speaker Sam's

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Speaker 1: ll that's Wednesday. This is Bloomberg. Bloomberg Taking Stock is

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