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Speaker 1: Global business news twenty four hours a day's Bloomberg dot Com.

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Speaker 1: So the radio plus mobile on your radio. This he's

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Speaker 1: a Bloomberg business flash from Bloomberg World Handquarters. I'm Charlie Pellet,

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Speaker 1: Oil rally, stock surge folks from Big Lots ringing that

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Speaker 1: closing bell today in this update, if it is brought

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Speaker 1: to you by sector spider e t F S. Why

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Speaker 1: buy a single stock when you can invest in the

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Speaker 1: entire sector of visits Sector sp d r S dot

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Speaker 1: com or call one six six Sector et F stocks Advances,

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Speaker 1: Energy shares rallied along with crude prices. West Texas Intermediate

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Speaker 1: up four and a half percent, rallying two dollars of

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Speaker 1: barrel to forty six sixty six word of an OPEC agreement.

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Speaker 1: Equity Zignen ZAGS FED chair Janet Yellen said she sees

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Speaker 1: solid job growth and no fixed timetable for a rate rise.

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Speaker 1: Rich clarat Or is a global strategic advisor at PIMCO.

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Speaker 1: He was our guest today right here on taking stock.

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Speaker 1: I think the fencings that it's going to be hiking,

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Speaker 1: but obviously it will depend to some extent on the data.

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Speaker 1: And I should note that the recent data for the

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Speaker 1: UN has been coming in on the soft side. Most

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Speaker 1: folks a week or two ago thought the US GDP

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Speaker 1: and the third quarter would be north of three, and

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Speaker 1: we're we and others are marking down our view of

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Speaker 1: third quarter GDP probably to around two and a half

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Speaker 1: or so. And today's speaking before the House Financial Services

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Speaker 1: Committee fed share, Yellen said the current course of the

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Speaker 1: economy calls for a gradual increase in interest rates, something

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Speaker 1: that does not have a fixed timetable. Oil the big

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Speaker 1: story today. Stocks roses, energy shares rallied with crude prices

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Speaker 1: after OPEC was said to have agreed to cut production

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Speaker 1: for the first time in eight years. West Texas Intermediate

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Speaker 1: up four and a half percent, up two oh one

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Speaker 1: to forty sixty eight. Equities higher, sm P up eleven

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Speaker 1: to seventy one, a gain there of five tenths of

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Speaker 1: one percent. Nes stack up twelve to fifty three eighteen.

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Speaker 1: That's a gain of two tenths of one percent. Down

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Speaker 1: industrials up one oh nine, a gain of six tens

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Speaker 1: of one percent, and gold down four or forty beounced

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Speaker 1: to drop there are three tenths of one percent. The

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Speaker 1: thirteen twenty one the tenure down three thirty seconds, the

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Speaker 1: yield one point five seven percent four O 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, I Mark Crompton. Secretary of State John Kerry

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Speaker 1: had a warning for Russia today regarding Syria. Bloomberg's Bob

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Speaker 1: Moon is following the story. The US is threatening to

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Speaker 1: cut off all contacts with Russia over the deteriorating situation

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Speaker 1: in Syria unless the Russian and Syrian bombardment of Aleppo ends,

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Speaker 1: the State Department says. Secretary of State Kerry voiced his

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Speaker 1: grave concern in a phone call with his Russian counterparts

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Speaker 1: Sergei Lavrov, and stress the burden remains on Russia to

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Speaker 1: stop the assault and allow humanitarian access to Aleppo and

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Speaker 1: other areas in need. Earlier, Pope Francis decried the Aleppo bombing,

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Speaker 1: saying those responsible for killing civilians will have to answer

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Speaker 1: to God. The UN says at least ninety six children

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Speaker 1: have been killed and hundreds injured since Friday, Bob Moon

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Speaker 1: Bloomberg Radio. Hillary Clinton has scored another high profile Republican endorsement,

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Speaker 1: this time from former Virginia Senator John Warner. Democratic vice

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Speaker 1: presidential nominee Tim Kane also says that Warner is an

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Speaker 1: example of a politician who's willing to work with others

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Speaker 1: regardless of party. John Warner is the example of how

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Speaker 1: it can be done and how it should be done.

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Speaker 1: Warner appeared with Kine and Alexandria Virginia. The US is

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Speaker 1: sending six hundred additional troops to help Iraq reclaim the

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Speaker 1: city of Mosul from Islamic State. Starting today, Google expresses

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Speaker 1: delivering select groceries and merchandise anywhere in the five boroughs.

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Speaker 1: Google hopes to expand the service nationwide by the end

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Speaker 1: of the year. It costs four ninety nine per order,

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Speaker 1: or nine dollars a year. Global News twenty four hours

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

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Speaker 1: analysts in over one twenty countries. I'm more Crumpton, this

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Speaker 1: is Bloomberg, Charlie, and we thank you. And again recapping equities,

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Speaker 1: higher oil surges SMP up eleven again of five tenths

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Speaker 1: of one percent. West Texas in the media crewed up

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Speaker 1: two dollars of barrel sixty seven again, NARO four and

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Speaker 1: a half percent. I'm Charlie Palaton. That's a Bloomberg business slash.

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Speaker 1: Move around most great promotion, a dearly move on. You

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Speaker 1: move like they do. I've never seen anyone move that

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Speaker 1: back hard peop Let's move like you've got a purpose.

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Speaker 1: That was called movers and shakers. It costs a little

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Speaker 1: more and that name cracked me up. Bloomberg taking stocks

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Speaker 1: movers and shakers with pim Fox and Gantline's on Bloomberg Radio.

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Speaker 1: Take a look inside the sm P five hundred. You

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Speaker 1: can say that the movers to the upside had a

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Speaker 1: wide margin today three hundred thirty eight gainers, one hundred

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Speaker 1: sixty five losers. Only two companies had their stock price

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Speaker 1: closing unchanged. Dave wilson't our stocks that is back to

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Speaker 1: kickoff movers and shakers. Let's talk about a T and T.

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Speaker 1: You know, we've seen companies like a T and T

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Speaker 1: in the wireless business kind of pull back a bit lately,

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Speaker 1: concern about what it's going to cost them with Apple

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Speaker 1: coming out with the iPhone seven and seven plus, as

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Speaker 1: the companies compete for customers, and today the phone company

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Speaker 1: was cut to neutral from buy at ubs. They're lowering

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Speaker 1: their earnings estimates. And they're also figuring that increasing competition

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Speaker 1: is going to take a bite out of a T

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Speaker 1: and T s business. Now you put that all together,

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Speaker 1: and you saw the shares of A T and T

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Speaker 1: falling one and a half percent on the day. I'll

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Speaker 1: tell you about the shares a Proctor and Gamble ending

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Speaker 1: the day higher by a little bit more than one

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Speaker 1: per cent. A couple of pieces of news about Procter

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Speaker 1: and Gamble. Number one, Procter and Gamble today set a

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Speaker 1: final exchange ratio for their shareholders to swap shares of

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Speaker 1: Procter and Gamble for Cody now member. Cody had previously

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Speaker 1: agreed to buy forty one beauty brands from P and G.

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Speaker 1: That deal was the twelve and a half billion dollar deal.

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Speaker 1: In any case, this was the last time that people

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Speaker 1: get to decide what they want to do with their

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Speaker 1: Procter and Gamble shares. Also, the company is going to

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Speaker 1: invest two hundred millions to expand operations in Europe, and Cody,

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Speaker 1: of course replacing Diamond offshore in the SMP five hid.

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Speaker 1: So both stots move higher. Cody up one and a

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Speaker 1: half percent and Procter and Gamble gaining a little bit

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Speaker 1: more than one percent. It's official BlackBerry. Remember that Canadian

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Speaker 1: company that invented the smartphone, addicted legions of road warriors

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Speaker 1: to that Crackberry. Well, they've finally thrown in the towel.

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Speaker 1: They are is no longer going to make their iconic handsets,

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Speaker 1: which I still remember very fondly. But let's realize they

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Speaker 1: lost the bat a long time ago to Apple and Samsung.

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Speaker 1: They're handing over production of the phones to overseas partners

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Speaker 1: during their full attention to the more profitable and growing

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Speaker 1: software business, formalizing a move in the making. Sinse CEO

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Speaker 1: John Chen took over nearly three years ago, outsourced some

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Speaker 1: manufacturing to fox Con Technology Group. Uh. In fact, though,

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Speaker 1: if you really are still creating some kind of BlackBerry,

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Speaker 1: they say at the company, they've struck a license agreement

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Speaker 1: with an Indonesian company to make and distribute black Grate

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Speaker 1: branded devices. Maybe also some deals with Chinese and Indian manufacturers.

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Speaker 1: BlackBerry was up as much as nearly eight percent today.

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Speaker 1: It's closing today up five point seven percent. A good move,

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Speaker 1: Dave uh Stock didn't have a good move was National Beverage.

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Speaker 1: They make Lacroix Saltzer. There ticker is Fizz and the

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Speaker 1: stock kind of fizzed out after being targeted by an

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Speaker 1: activist short seller. Glaucus Research Group firm Center report the

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Speaker 1: National Beverage is a fatish stock. The company has accounting

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Speaker 1: issues and the share as may fall by two thirds

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Speaker 1: as things changed for the worst. You put that altogether

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Speaker 1: National Beverage down eight point two percent on the day.

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Speaker 1: All right, I'm gonna tell you about the airlines is

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Speaker 1: a l k okay with v A a OKA being

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Speaker 1: Alaska Air and v A being Virgin America. Both shares

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Speaker 1: move higher now we know that Virgin America and Alaska

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Speaker 1: Air moving towards an agreement to combine. But according to

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Speaker 1: an unidentified senior anti trust lawyer who represented airlines Emerges

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Speaker 1: in the past, the recent meeting between Virgin America and

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Speaker 1: Alaska Air and Department of Justice officials was constructive, not confrontational.

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Speaker 1: Alaska Air says that it's still optimistic the deal will

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Speaker 1: close by the end of the fourth quarter, and both

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Speaker 1: companies have extended the amount of time that they are

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Speaker 1: looking to review the deal. Shares of both the v

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Speaker 1: A Virgin Air up nine tens of a percent, and

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Speaker 1: shares of Alaska Air up three tens and percent. Just

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Speaker 1: a quick look the news on Nike yesterday continues to dispress.

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Speaker 1: His stock down only three point eight percent after the close. UH,

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Speaker 1: their future orders barely increasing in North America, renewing concerns

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Speaker 1: the competitors are hamstring in the companies once toward growth.

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Speaker 1: Our own Chen Gratzias, analysts for Bloomberg Intelligence, saying the

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Speaker 1: slowdown in North America is worse than expected. It's got

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Speaker 1: a trific chart if you want to look for it,

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Speaker 1: showing the down trend. Swoosh swoon. I love it, swoosh swoon.

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Speaker 1: Very good. All right, it's time now for the Volatility

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

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Speaker 1: UH the VIX dropping today down four down, zero point

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Speaker 1: six one, twelve point four nine on the close. It's

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Speaker 1: given up most of the game. It's accumulated since Tuesday morning. Alright,

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Speaker 1: day here, my name is Dave. Just think you're doing, Dave,

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Speaker 1: Dave Dillard, you know, Dave Wilson. A lot of department

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Speaker 1: starts are having a touch time. But they're looking good today,

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Speaker 1: Well they are today, I mean, but they've certainly struggled,

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Speaker 1: as have their peers, to compete with the likes of

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Speaker 1: Amazon dot Com. And let's put this in some context.

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Speaker 1: Shares the Dillard's list under the ticker dds. They've tumbled

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Speaker 1: as much as sixty two since April of last year,

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Speaker 1: when the stock set a record, and that retreat followed

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Speaker 1: a fifty sevenfold surge from a low November two thousand

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Speaker 1: and eight. Now Alice backed away from Dillard's even before

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Speaker 1: the shares fell. Data compob by Bloomberg shows the company

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Speaker 1: didn't have a single by rating from November until today.

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Speaker 1: The streak ended when Credit suitee raised Dillards the equivalent

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Speaker 1: of buy from neutral. The upgrade was based on the

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Speaker 1: company's prospects for cutting debt and buying backstock. Awards rose

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Speaker 1: as much as eight point six percent today in the

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Speaker 1: wake up, that call enclosed with a game of five

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Speaker 1: point three percent. I'll point out Credit Suite's also cut

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Speaker 1: its writing on Macy's the neutral from the equivalent of

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Speaker 1: by based on the challenges that the company is trying

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Speaker 1: to meet Right now, Macy's with a loss of one

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Speaker 1: point four percent one point four 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, and it will help

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Speaker 1: make you a smarter investor. Coming up on taking Stock,

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Speaker 1: shares of CBS hire today by more than four percent

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Speaker 1: and the shares of Viacom are up more than three percent.

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Speaker 1: We're gonna tell you why that's all. Coming up. We

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Speaker 1: are broadcasting live from the Bloomberg's Most Influential Summit at

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Speaker 1: our world headquarters here in New York. I'm Pim Fox

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Speaker 1: my co host Kathleen Hayes. This is taking Stock, and

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Speaker 1: this is Bloomberg. Bloomberg Taking Stock is brought to you

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