Speaker 1: Global business news twenty four hours a day. If Bloomberg
Speaker 1: dot com the radio plus mobil and on your radio,
Speaker 1: this is a Broomberg business flash. And there you have
Speaker 1: its sound of the closing bell of the New York
Speaker 1: Stock Exchange stocks closing at the worst level of the session.
Speaker 1: Folks from Third Street Music School Settlement ringing that closing bell.
Speaker 1: Stocks move lawer banks under pressure, and we are brought
Speaker 1: to you by the American Arbitration Association. Business disputes are
Speaker 1: inevitable resolve faster with the American Arbitration Association, the global
Speaker 1: leader in alternative dispute resolution for over eighty five years,
Speaker 1: more than a d R dot Org. Traders bracing for
Speaker 1: a heated US presidential debate tonight have another element to
Speaker 1: contend with, and that is the global sell off in banks.
Speaker 1: Right now, we have got Deutsche Bank at the bell,
Speaker 1: down seven point one percent, equities wiping out their monthly advances.
Speaker 1: Deutsche Bank tumbled to a record low on speculation Germany's
Speaker 1: largest lender would need to raise capital. The SMP five
Speaker 1: hundred index down eighteen to twenty one forty six, a
Speaker 1: drop of nine tenths of one percent down. Industrials down
Speaker 1: a hundred and sixty four points to eighteen thousand, ninety seven,
Speaker 1: a drop also of nine tenths of one percent, as
Speaker 1: stackdown forty eight that to a drop of nine tenths
Speaker 1: of one percent. People familiar with the matter say the
Speaker 1: Walt Disney Company is working with a financial advisor to
Speaker 1: evaluate a possible bid for Twitter. Sarah Fryer and Alex
Speaker 1: Sherman broke the story for Bloomberg News and right here
Speaker 1: on taking stock. Sherman told us there is logic in
Speaker 1: a tie up from Disney's perspective. Disney has recently invested
Speaker 1: in Major League Baseball's what was formerly Major League Baseball's
Speaker 1: technology to stream videos. So clearly Disney is taking a
Speaker 1: look at this idea of live streaming video, and maybe
Speaker 1: Disney can use Twitter as sort of its own platform
Speaker 1: to promote its own video. Disney owns Monday Night football
Speaker 1: rights for two or so, so they already have a
Speaker 1: football contract there. There's some roging, and Disney shares up
Speaker 1: today by our actually Disney lord today by one point
Speaker 1: four percent. It was Twitter that advanced hired today by
Speaker 1: three point three percent, and the four oh two on
Speaker 1: Wall Street. Now, let's take a look at other news
Speaker 1: from around the world. Charlie, Thank you from the Bloomberg
Speaker 1: News Room by Mark Crumpton. Hillary Clinton and Donald Trump
Speaker 1: meet tonight in their first presidential debate, and a new
Speaker 1: Bloomberg Politics national polls shows them tied in a two
Speaker 1: way race. The survey has the candidates each with forty
Speaker 1: six percent. When third party candidates are included, Trump leads
Speaker 1: Clinton forty percent to forty one percent. David Pluff was
Speaker 1: Barack Obama's campaign manager in two thousand and eight. He
Speaker 1: says Clinton has her work cut out for her, the
Speaker 1: huge opportunity for us. She's not the best speechmaker in
Speaker 1: the world. She's not a great retail politician, particularly compared
Speaker 1: to her husband. Sarah Huckabee is a senior advisor to
Speaker 1: the Trump campaign. He's gonna talk about his passion for
Speaker 1: America and putting America first. I think we're gonna see
Speaker 1: a lot of just who Donald Trump is. Uh. He's
Speaker 1: not a poll tested, scripted career politician, and that contrast
Speaker 1: on this stage will be very start tonight. Send up.
Speaker 1: Majority leader Mitch McConnell says lawmakers will vote Wednesday and
Speaker 1: an effort to override President Obama's veto of legislation to
Speaker 1: let families of nine eleven victims sue the Saudi government.
Speaker 1: President says the law could leave US officials open to
Speaker 1: lawsuits in foreign courts. The Justice Department's awarding more than
Speaker 1: twenty million dollars to law enforcement agencies to help them
Speaker 1: add to or improve their use of body cameras. For
Speaker 1: the first time in eighty years. Of farm and Upstate
Speaker 1: New York is legally growing cannabis, but it's not for
Speaker 1: smoking the time, says j D Farms is growing industrial hemp,
Speaker 1: which can be used to make everything from flower to plastics.
Speaker 1: Global News twenty four hours a day, powered by more
Speaker 1: than twenty journalists and analysts and over one twenty countries.
Speaker 1: I'm Mark Crumpton. This is Bloomberg, Charlie, and we thank
Speaker 1: you and again recapping moved floor for US equities today
Speaker 1: with the SMP five hundred index slumping eighteen points, down
Speaker 1: nine tenths of one percent down, Industrials down a hundred
Speaker 1: and sixty six, also down nine tenths of one percent.
Speaker 1: I'm Charlie Pealett, and that's a Bloomberg Business flash move around.
Speaker 1: Morten Greate promotion a move like they do. I've never
Speaker 1: seen anyone move that back hard people. Let's move to
Speaker 1: get a purpose. That we called movers and shakers. It
Speaker 1: costs a little more about that name. Cracked me up.
Speaker 1: Bloomberg taking Stock Movers and Shakers with Pim Fox and
Speaker 1: Kathleen As on Bloomberg Radio, a special edition of Taking
Speaker 1: Stock Today. We're broadcasting live from Midtown Manhattan from the
Speaker 1: offices of Eisner Amper. Doesn't take our eye off the
Speaker 1: movers and shakers today, though, I'm gonna go inside the
Speaker 1: sp five hund it really quick for a look at
Speaker 1: how the markets stacked up definitely to the downside, with
Speaker 1: four hundred and four losers, ninety eight gainers, just three
Speaker 1: companies with their share prices closing un changed. Dave Wilson
Speaker 1: is black up Bloombrick World headquarters here in New York City.
Speaker 1: To kick it off for us, I want to talk
Speaker 1: about Deutsche Bank, if only because what's going on at
Speaker 1: that company sort of had follow on effects on bank
Speaker 1: stocks on both sides of the Atlantic. UH Germany's Focus
Speaker 1: magazine reporting Chancellor Angela Merkell ruled out state funding for
Speaker 1: the bank before elections next September They also reported that
Speaker 1: Merkel won't get involved in the bank's legal dispute with
Speaker 1: the US the Justice Department seeking fourteen billion dollars to
Speaker 1: settle mortgage securities cases brought against Deutsche Bank. Now German
Speaker 1: government spokesman said there's no grounds for financing speculation. Nonetheless,
Speaker 1: Deutsche Bank with a loss of seven point one percent
Speaker 1: in US trading. I'll talk about the shares of a
Speaker 1: Ray bio Farma. The shares higher by nearly eighty two percent.
Speaker 1: This move comes after the company said it's treatment for
Speaker 1: a form of skin cancer showed promising first results in
Speaker 1: a final stage study. Arraysed treatment targets melanoma and melanoma
Speaker 1: is one of the most common and deadly cancers in
Speaker 1: the United States, with more than seventy six thousand new
Speaker 1: cases and ten thousand deaths annually. Array bio Farma the
Speaker 1: shares higher today by more than eighty percent. Well, I
Speaker 1: just want to take a look at Callaway Golf today
Speaker 1: as the King of Golf, Arnold Palmer passes away at
Speaker 1: the age of seven. Considered one of the greatest professional
Speaker 1: golfers of this air, A trailblazer, he was one of
Speaker 1: the ones who came of age and helped popularize and
Speaker 1: commercialize the sport when television took over from the nineteen
Speaker 1: fifties forward. And UH interesting to some of the commentators
Speaker 1: are saying that as sad as the death of anold
Speaker 1: Palmer is, that could provide a lift for Callaway Golf,
Speaker 1: which bought the rights to Palmer's name an image regarding
Speaker 1: golf project products he's met in two thousands. Will be
Speaker 1: interesting to see what happens with Callaway Golf. But I
Speaker 1: think anybody who is a golf fan or a sports
Speaker 1: fan is is single bye to Arnold Palmer Today of
Speaker 1: the share price down just a little bit for Callaway
Speaker 1: ten cents and eleven dollars and sixty three cents, I
Speaker 1: want to mention Restaurant Brands International. This is the company
Speaker 1: that owns Burger King and Tim Horton's UH three G
Speaker 1: capital of the controlling shareholder Bill Akman's Pershing Square has
Speaker 1: a substantial steak as well. Restaurant Brands cut to the
Speaker 1: equivalent of self from neutral at the institutional firm Longbow
Speaker 1: Research UH Longbow setting sign that Burger King's growth in
Speaker 1: sales and new stores is slowing. H you put that
Speaker 1: together restaurant brands to take on this one. Q s
Speaker 1: R is a quick serve restaurants down three point one percent,
Speaker 1: and I'll talk about the shares a Carnival Cruise Lines
Speaker 1: down one point to six percent, despite the company saying
Speaker 1: that first half fiscal cumulative advanced bookings are ahead of
Speaker 1: prior year at considerably higher prices. Fairs were higher in
Speaker 1: early morning trading but turned lower, perhaps for profit taking
Speaker 1: once again to shares of Carnival Cruise Lines down one
Speaker 1: point six percent. Just a quick look at Twitter and Disney,
Speaker 1: as Walt Disney reportedly looking at a post bid for Twitter.
Speaker 1: Triffic story broken by our own Bloomberg News due Alex
Speaker 1: Sherman and Sarah Fire's interesting Piana. Here at the Eisner
Speaker 1: amper Uh event today, we spoke to Sam Sad, who
Speaker 1: is the founder and CEAT of Megalith Capital Management, who
Speaker 1: had a career in media before he got into real
Speaker 1: the state. He said to him, this deal makes sense,
Speaker 1: the streaming rights, all the four A into sports another
Speaker 1: thing through ESPN. He gave it this deal thumbs up
Speaker 1: today and investors again boosting Twitter but not so positive
Speaker 1: on Disney. Just indeed, all Right now, it's time for
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Speaker 1: at cvo E dot com Slash Powerful Outcomes VIX. Taking
Speaker 1: a look at the VIX, it moved higher today. It
Speaker 1: surged by more than seventeen percent. It was up two
Speaker 1: point to one, settling at fourteen point five. Oh. The
Speaker 1: move in higher volatility can also be attributed to people's
Speaker 1: concerns over the outcome of tonight's presidential debate. And just
Speaker 1: to note that Bloomberg's coverage Bloomberg Politics coverage of the
Speaker 1: debate will be carried live streaming on Twitter. Alright, my
Speaker 1: name is Dave. Just what do you think you're doing today?
Speaker 1: We're going for Dave, Dave Well. I bet a lot
Speaker 1: of investors in lands and Dave wish they would have
Speaker 1: gotten that note from the CEO that he was about
Speaker 1: ready to leave the company. Kind of tough on the
Speaker 1: stock today, right, Yeah, it definitely was in fair mind.
Speaker 1: Lands End is a casual wear maker and retailer SPAF
Speaker 1: about two and a half years ago by Sears Holdings
Speaker 1: UH Sears chief executive Eddie Lampert and his hedge fund
Speaker 1: on most of the company's shares lands and trades under
Speaker 1: the ticker l E. Stock peaked at fifty six hours
Speaker 1: and twenty five cents in December and plunged fifty seven
Speaker 1: percent last year as quarterly results were disappointing. The lossest
Speaker 1: man at this year, and the share set a record
Speaker 1: low in July. Now lands End had attempt at a rebound,
Speaker 1: and then again. It was set back today after Chief
Speaker 1: executive Federica Marcioni resigned. She lasted less than two years
Speaker 1: after arriving from Dolce and Gabana's US unit. Marcioni's departure
Speaker 1: followed three straight quarterly losses accompanied by falling sales. Lands
Speaker 1: End named the two executives as co interrom CEOs, Chief
Speaker 1: Merchandizing and Design Officer Joseph Boitano and Chief Operating and
Speaker 1: Financial Officer James Gooch. The management change prompted c L
Speaker 1: King and Associates to cut its rating to neutral from by.
Speaker 1: It also prompted some investors to sell the stock. Lands
Speaker 1: End suffered as biggest one day loss in twenty months,
Speaker 1: as the shares fell fourteen percent. Thank you very much,
Speaker 1: Dave Wilson, Bloomberg Stocks Thomas go ahead send him an
Speaker 1: email at d Wilson at Bloomberg dot net sign up
Speaker 1: for his daily free email newsletter. There's a special edition
Speaker 1: of Bloomberg Taking Stock with broadcasting live from Midtown Manhattan
Speaker 1: from the offices of her as they prepare for their
Speaker 1: fourth annual Real Estate Private Equity Summit. Keynote speaker Sam's
Speaker 1: ll that's Wednesday. This is Bloomberg. Bloomberg Taking Stock is
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