WEBVTT - Bloomberg's Wilson on Winners, Losers, Stock of the Day (Audio)

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<v Speaker 1>Global business news twenty four hours a day. If Bloomberg

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<v Speaker 1>dot com the radio plus mobil and on your radio,

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<v Speaker 1>this is a Broomberg business flash. And there you have

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<v Speaker 1>its sound of the closing bell of the New York

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<v Speaker 1>Stock Exchange stocks closing at the worst level of the session.

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<v Speaker 1>Folks from Third Street Music School Settlement ringing that closing bell.

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<v Speaker 1>Stocks move lawer banks under pressure, and we are brought

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<v Speaker 1>to you by the American Arbitration Association. Business disputes are

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<v Speaker 1>inevitable resolve faster with the American Arbitration Association, the global

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<v Speaker 1>leader in alternative dispute resolution for over eighty five years,

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<v Speaker 1>more than a d R dot Org. Traders bracing for

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<v Speaker 1>a heated US presidential debate tonight have another element to

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<v Speaker 1>contend with, and that is the global sell off in banks.

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<v Speaker 1>Right now, we have got Deutsche Bank at the bell,

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<v Speaker 1>down seven point one percent, equities wiping out their monthly advances.

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<v Speaker 1>Deutsche Bank tumbled to a record low on speculation Germany's

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<v Speaker 1>largest lender would need to raise capital. The SMP five

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<v Speaker 1>hundred index down eighteen to twenty one forty six, a

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<v Speaker 1>drop of nine tenths of one percent down. Industrials down

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<v Speaker 1>a hundred and sixty four points to eighteen thousand, ninety seven,

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<v Speaker 1>a drop also of nine tenths of one percent, as

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<v Speaker 1>stackdown forty eight that to a drop of nine tenths

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<v Speaker 1>of one percent. People familiar with the matter say the

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<v Speaker 1>Walt Disney Company is working with a financial advisor to

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<v Speaker 1>evaluate a possible bid for Twitter. Sarah Fryer and Alex

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<v Speaker 1>Sherman broke the story for Bloomberg News and right here

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<v Speaker 1>on taking stock. Sherman told us there is logic in

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<v Speaker 1>a tie up from Disney's perspective. Disney has recently invested

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<v Speaker 1>in Major League Baseball's what was formerly Major League Baseball's

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<v Speaker 1>technology to stream videos. So clearly Disney is taking a

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<v Speaker 1>look at this idea of live streaming video, and maybe

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<v Speaker 1>Disney can use Twitter as sort of its own platform

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<v Speaker 1>to promote its own video. Disney owns Monday Night football

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<v Speaker 1>rights for two or so, so they already have a

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

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<v Speaker 1>today by our actually Disney lord today by one point

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<v Speaker 1>four percent. It was Twitter that advanced hired today by

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<v Speaker 1>three point three percent, and the four oh two on

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

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<v Speaker 1>from around the world. Charlie, Thank you from the Bloomberg

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<v Speaker 1>News Room by Mark Crumpton. Hillary Clinton and Donald Trump

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<v Speaker 1>meet tonight in their first presidential debate, and a new

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<v Speaker 1>Bloomberg Politics national polls shows them tied in a two

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<v Speaker 1>way race. The survey has the candidates each with forty

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<v Speaker 1>six percent. When third party candidates are included, Trump leads

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<v Speaker 1>Clinton forty percent to forty one percent. David Pluff was

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<v Speaker 1>Barack Obama's campaign manager in two thousand and eight. He

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<v Speaker 1>says Clinton has her work cut out for her, the

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<v Speaker 1>huge opportunity for us. She's not the best speechmaker in

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

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<v Speaker 1>to her husband. Sarah Huckabee is a senior advisor to

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<v Speaker 1>the Trump campaign. He's gonna talk about his passion for

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<v Speaker 1>America and putting America first. I think we're gonna see

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<v Speaker 1>a lot of just who Donald Trump is. Uh. He's

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<v Speaker 1>not a poll tested, scripted career politician, and that contrast

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<v Speaker 1>on this stage will be very start tonight. Send up.

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<v Speaker 1>Majority leader Mitch McConnell says lawmakers will vote Wednesday and

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<v Speaker 1>an effort to override President Obama's veto of legislation to

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<v Speaker 1>let families of nine eleven victims sue the Saudi government.

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<v Speaker 1>President says the law could leave US officials open to

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<v Speaker 1>lawsuits in foreign courts. The Justice Department's awarding more than

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<v Speaker 1>twenty million dollars to law enforcement agencies to help them

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<v Speaker 1>add to or improve their use of body cameras. For

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<v Speaker 1>the first time in eighty years. Of farm and Upstate

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<v Speaker 1>New York is legally growing cannabis, but it's not for

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<v Speaker 1>smoking the time, says j D Farms is growing industrial hemp,

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<v Speaker 1>which can be used to make everything from flower to plastics.

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<v Speaker 1>Global News twenty four hours a day, powered by more

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<v Speaker 1>than twenty journalists and analysts and over one twenty countries.

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

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<v Speaker 1>you and again recapping moved floor for US equities today

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<v Speaker 1>with the SMP five hundred index slumping eighteen points, down

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<v Speaker 1>nine tenths of one percent down, Industrials down a hundred

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<v Speaker 1>and sixty six, also down nine tenths of one percent.

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

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<v Speaker 1>Morten Greate promotion a move like they do. I've never

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<v Speaker 1>seen anyone move that back hard people. Let's move to

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<v Speaker 1>get a purpose. That we called movers and shakers. It

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<v Speaker 1>costs a little more about that name. Cracked me up.

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<v Speaker 1>Bloomberg taking Stock Movers and Shakers with Pim Fox and

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<v Speaker 1>Kathleen As on Bloomberg Radio, a special edition of Taking

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<v Speaker 1>Stock Today. We're broadcasting live from Midtown Manhattan from the

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<v Speaker 1>offices of Eisner Amper. Doesn't take our eye off the

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<v Speaker 1>movers and shakers today, though, I'm gonna go inside the

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<v Speaker 1>sp five hund it really quick for a look at

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<v Speaker 1>how the markets stacked up definitely to the downside, with

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<v Speaker 1>four hundred and four losers, ninety eight gainers, just three

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<v Speaker 1>companies with their share prices closing un changed. Dave Wilson

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<v Speaker 1>is black up Bloombrick World headquarters here in New York City.

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<v Speaker 1>To kick it off for us, I want to talk

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<v Speaker 1>about Deutsche Bank, if only because what's going on at

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<v Speaker 1>that company sort of had follow on effects on bank

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<v Speaker 1>stocks on both sides of the Atlantic. UH Germany's Focus

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<v Speaker 1>magazine reporting Chancellor Angela Merkell ruled out state funding for

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<v Speaker 1>the bank before elections next September They also reported that

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<v Speaker 1>Merkel won't get involved in the bank's legal dispute with

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<v Speaker 1>the US the Justice Department seeking fourteen billion dollars to

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<v Speaker 1>settle mortgage securities cases brought against Deutsche Bank. Now German

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

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<v Speaker 1>Deutsche Bank with a loss of seven point one percent

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<v Speaker 1>in US trading. I'll talk about the shares of a

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<v Speaker 1>Ray bio Farma. The shares higher by nearly eighty two percent.

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<v Speaker 1>This move comes after the company said it's treatment for

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<v Speaker 1>a form of skin cancer showed promising first results in

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<v Speaker 1>a final stage study. Arraysed treatment targets melanoma and melanoma

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<v Speaker 1>is one of the most common and deadly cancers in

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<v Speaker 1>the United States, with more than seventy six thousand new

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<v Speaker 1>cases and ten thousand deaths annually. Array bio Farma the

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<v Speaker 1>shares higher today by more than eighty percent. Well, I

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<v Speaker 1>just want to take a look at Callaway Golf today

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<v Speaker 1>as the King of Golf, Arnold Palmer passes away at

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<v Speaker 1>the age of seven. Considered one of the greatest professional

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<v Speaker 1>golfers of this air, A trailblazer, he was one of

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<v Speaker 1>the ones who came of age and helped popularize and

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<v Speaker 1>commercialize the sport when television took over from the nineteen

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<v Speaker 1>fifties forward. And UH interesting to some of the commentators

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<v Speaker 1>are saying that as sad as the death of anold

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<v Speaker 1>Palmer is, that could provide a lift for Callaway Golf,

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<v Speaker 1>which bought the rights to Palmer's name an image regarding

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<v Speaker 1>golf project products he's met in two thousands. Will be

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<v Speaker 1>interesting to see what happens with Callaway Golf. But I

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<v Speaker 1>think anybody who is a golf fan or a sports

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<v Speaker 1>fan is is single bye to Arnold Palmer Today of

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<v Speaker 1>the share price down just a little bit for Callaway

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<v Speaker 1>ten cents and eleven dollars and sixty three cents, I

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<v Speaker 1>want to mention Restaurant Brands International. This is the company

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<v Speaker 1>that owns Burger King and Tim Horton's UH three G

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<v Speaker 1>capital of the controlling shareholder Bill Akman's Pershing Square has

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<v Speaker 1>a substantial steak as well. Restaurant Brands cut to the

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<v Speaker 1>equivalent of self from neutral at the institutional firm Longbow

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<v Speaker 1>Research UH Longbow setting sign that Burger King's growth in

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<v Speaker 1>sales and new stores is slowing. H you put that

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<v Speaker 1>together restaurant brands to take on this one. Q s

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<v Speaker 1>R is a quick serve restaurants down three point one percent,

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<v Speaker 1>and I'll talk about the shares a Carnival Cruise Lines

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<v Speaker 1>down one point to six percent, despite the company saying

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<v Speaker 1>that first half fiscal cumulative advanced bookings are ahead of

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<v Speaker 1>prior year at considerably higher prices. Fairs were higher in

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<v Speaker 1>early morning trading but turned lower, perhaps for profit taking

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<v Speaker 1>once again to shares of Carnival Cruise Lines down one

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<v Speaker 1>point six percent. Just a quick look at Twitter and Disney,

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<v Speaker 1>as Walt Disney reportedly looking at a post bid for Twitter.

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<v Speaker 1>Triffic story broken by our own Bloomberg News due Alex

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<v Speaker 1>Sherman and Sarah Fire's interesting Piana. Here at the Eisner

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<v Speaker 1>amper Uh event today, we spoke to Sam Sad, who

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<v Speaker 1>is the founder and CEAT of Megalith Capital Management, who

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<v Speaker 1>had a career in media before he got into real

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<v Speaker 1>the state. He said to him, this deal makes sense,

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<v Speaker 1>the streaming rights, all the four A into sports another

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<v Speaker 1>thing through ESPN. He gave it this deal thumbs up

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<v Speaker 1>today and investors again boosting Twitter but not so positive

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

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<v Speaker 1>the Volatility Index Report. It's brought to you by the

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<v Speaker 1>c VOE VIX Options and Futures. Volatility can be harnessed

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<v Speaker 1>at cvo E dot com Slash Powerful Outcomes VIX. Taking

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<v Speaker 1>a look at the VIX, it moved higher today. It

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<v Speaker 1>surged by more than seventeen percent. It was up two

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<v Speaker 1>point to one, settling at fourteen point five. Oh. The

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<v Speaker 1>move in higher volatility can also be attributed to people's

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<v Speaker 1>concerns over the outcome of tonight's presidential debate. And just

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<v Speaker 1>to note that Bloomberg's coverage Bloomberg Politics coverage of the

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<v Speaker 1>debate will be carried live streaming on Twitter. Alright, my

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

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<v Speaker 1>We're going for Dave, Dave Well. I bet a lot

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<v Speaker 1>of investors in lands and Dave wish they would have

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<v Speaker 1>gotten that note from the CEO that he was about

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<v Speaker 1>ready to leave the company. Kind of tough on the

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<v Speaker 1>stock today, right, Yeah, it definitely was in fair mind.

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<v Speaker 1>Lands End is a casual wear maker and retailer SPAF

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<v Speaker 1>about two and a half years ago by Sears Holdings

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<v Speaker 1>UH Sears chief executive Eddie Lampert and his hedge fund

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<v Speaker 1>on most of the company's shares lands and trades under

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<v Speaker 1>the ticker l E. Stock peaked at fifty six hours

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<v Speaker 1>and twenty five cents in December and plunged fifty seven

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<v Speaker 1>percent last year as quarterly results were disappointing. The lossest

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<v Speaker 1>man at this year, and the share set a record

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<v Speaker 1>low in July. Now lands End had attempt at a rebound,

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<v Speaker 1>and then again. It was set back today after Chief

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<v Speaker 1>executive Federica Marcioni resigned. She lasted less than two years

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<v Speaker 1>after arriving from Dolce and Gabana's US unit. Marcioni's departure

0:11:08.880 --> 0:11:13.079
<v Speaker 1>followed three straight quarterly losses accompanied by falling sales. Lands

0:11:13.200 --> 0:11:17.160
<v Speaker 1>End named the two executives as co interrom CEOs, Chief

0:11:17.160 --> 0:11:21.320
<v Speaker 1>Merchandizing and Design Officer Joseph Boitano and Chief Operating and

0:11:21.360 --> 0:11:24.959
<v Speaker 1>Financial Officer James Gooch. The management change prompted c L

0:11:25.080 --> 0:11:27.640
<v Speaker 1>King and Associates to cut its rating to neutral from by.

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<v Speaker 1>It also prompted some investors to sell the stock. Lands

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<v Speaker 1>End suffered as biggest one day loss in twenty months,

0:11:34.880 --> 0:11:39.760
<v Speaker 1>as the shares fell fourteen percent. Thank you very much,

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<v Speaker 1>Dave Wilson, Bloomberg Stocks Thomas go ahead send him an

0:11:42.880 --> 0:11:46.200
<v Speaker 1>email at d Wilson at Bloomberg dot net sign up

0:11:46.240 --> 0:11:50.440
<v Speaker 1>for his daily free email newsletter. There's a special edition

0:11:50.520 --> 0:11:53.720
<v Speaker 1>of Bloomberg Taking Stock with broadcasting live from Midtown Manhattan

0:11:53.800 --> 0:11:56.640
<v Speaker 1>from the offices of her as they prepare for their

0:11:56.679 --> 0:12:01.720
<v Speaker 1>fourth annual Real Estate Private Equity Summit. Keynote speaker Sam's

0:12:01.880 --> 0:12:07.560
<v Speaker 1>ll that's Wednesday. This is Bloomberg. Bloomberg Taking Stock is

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