1 00:00:03,360 --> 00:00:06,720 Speaker 1: Global business news twenty four hours a day at Bloomberg 2 00:00:06,800 --> 00:00:09,880 Speaker 1: dot com, the Radio plus mobile labs, and on your radio. 3 00:00:10,160 --> 00:00:14,880 Speaker 1: This is a Bloomberg Business Flash Bloomberg World Handquarters. I'm Charlie. 4 00:00:14,960 --> 00:00:17,240 Speaker 1: Hebout forty three minutes to go ahead of the clothes 5 00:00:17,360 --> 00:00:19,600 Speaker 1: on this job's Friday, and we are brought to by 6 00:00:19,840 --> 00:00:23,919 Speaker 1: National Realty Managers of New York City cash Flow real Estate, 7 00:00:24,000 --> 00:00:29,680 Speaker 1: providing you twelve percent annualized returns with immediate monthly distributions. 8 00:00:30,040 --> 00:00:33,879 Speaker 1: See them at n r i A dot net. Now 9 00:00:33,960 --> 00:00:36,480 Speaker 1: let's head right over to the first Word Breaking news 10 00:00:36,560 --> 00:00:41,320 Speaker 1: desk for today's afternoon call, and here's Ed Lalan. Good afternoon, Charlie. 11 00:00:41,360 --> 00:00:44,240 Speaker 1: Manus averages are hired today, with the Dow ups sixty, 12 00:00:44,479 --> 00:00:48,639 Speaker 1: SMP rises eight and NASDAK gains eighteen, small capsticks Hunter 13 00:00:48,800 --> 00:00:50,879 Speaker 1: hired by six, and the US tenure y'ell at one 14 00:00:50,920 --> 00:00:55,120 Speaker 1: point six zero percent. Nine of ten SMP sectors are higher, 15 00:00:55,200 --> 00:00:59,800 Speaker 1: led by gains in utilities, energy and materials, Telecom and 16 00:01:00,080 --> 00:01:05,560 Speaker 1: healthcare lag down, Transports rise thirty, NASDAC, biotex lose seven, 17 00:01:05,880 --> 00:01:10,480 Speaker 1: Utilities up seven, and the VIX down nine percent, leaders 18 00:01:10,480 --> 00:01:14,039 Speaker 1: to the upside in the Dow include Visa, Apple, and Chevron, 19 00:01:14,360 --> 00:01:17,759 Speaker 1: while down Leaders to the downside include Nike and Walmart. 20 00:01:18,360 --> 00:01:22,840 Speaker 1: Milan falls five percent after Clinton proposes curbs for unjustified 21 00:01:22,920 --> 00:01:26,840 Speaker 1: drug price hikes. Carnival loses four percent after being cut 22 00:01:26,920 --> 00:01:30,880 Speaker 1: underweight at Morgan Stanley. Very Assigned gains six percent after 23 00:01:30,959 --> 00:01:35,200 Speaker 1: d o J letter is noncommittal in regards to competition review. 24 00:01:35,360 --> 00:01:38,560 Speaker 1: Lulu Lemon is down nine percent after missing comp sales, 25 00:01:38,959 --> 00:01:43,840 Speaker 1: comp sales and providing weak guidance, and Veriphone falls after 26 00:01:43,920 --> 00:01:47,320 Speaker 1: it cuts year adjusted EPs and revenue views. Live from 27 00:01:47,319 --> 00:01:49,600 Speaker 1: the First Word Breaking news desk, I'm at the lawn Charlie, 28 00:01:49,640 --> 00:01:51,160 Speaker 1: all right, thank you very much. Add them to hear 29 00:01:51,240 --> 00:01:54,600 Speaker 1: live breaking news over your bloom Bread kives squawk ASQ 30 00:01:54,840 --> 00:01:58,160 Speaker 1: you a w K on your terminal. I'm Charlie Pellett. 31 00:01:58,360 --> 00:02:02,200 Speaker 1: I'm that's sub bloom Bread Business Flash. You're listening to 32 00:02:02,320 --> 00:02:06,080 Speaker 1: Taking Stock with Kathleen Hayes and Pim Fox on Bloomberg Radio. 33 00:02:06,840 --> 00:02:09,440 Speaker 1: I'm Kathleen Hayes, Pim Fox on vacation. It's a day 34 00:02:09,480 --> 00:02:13,600 Speaker 1: two of our special live coverage here at the sixteen 35 00:02:13,919 --> 00:02:16,079 Speaker 1: US Tennis Open. If I need to tell you, it's 36 00:02:16,080 --> 00:02:18,000 Speaker 1: the Tennis Open. That just means you need to get 37 00:02:18,040 --> 00:02:19,880 Speaker 1: out here one of these years for a really, really 38 00:02:19,960 --> 00:02:23,079 Speaker 1: terrific event. Now we want to turn to the business 39 00:02:23,120 --> 00:02:26,000 Speaker 1: side of this, the technology side. This is so important 40 00:02:26,040 --> 00:02:29,320 Speaker 1: for the big sponsors that come to this event every year. 41 00:02:29,320 --> 00:02:33,239 Speaker 1: Elizabeth the Brian joins me now program manager for Worldwide 42 00:02:33,320 --> 00:02:37,520 Speaker 1: Sponsorship Strategy and Marketing. We're gonna talk now about the 43 00:02:37,639 --> 00:02:41,680 Speaker 1: interactive technology is cooler every year that IBM has created 44 00:02:41,680 --> 00:02:44,760 Speaker 1: for fans to use at the Open. Elizabeth, welcome, Thank you. 45 00:02:45,160 --> 00:02:50,880 Speaker 1: So what is new this year? There's cognitive courts and 46 00:02:51,080 --> 00:02:54,440 Speaker 1: IBM Watson is getting more involved than ever. So what's 47 00:02:54,440 --> 00:02:55,840 Speaker 1: at the top of the list. What the big news 48 00:02:55,840 --> 00:02:59,400 Speaker 1: really is IBM Watson playing a substantive rollout here UM, 49 00:02:59,400 --> 00:03:00,960 Speaker 1: both for the U. S t A and with the 50 00:03:00,960 --> 00:03:05,959 Speaker 1: fan experience. UM. Watson is UM a technology that's grown 51 00:03:06,000 --> 00:03:08,240 Speaker 1: and had you know, five API s back when it 52 00:03:08,280 --> 00:03:10,720 Speaker 1: won Jeopardy years ago, and now we're over forty a 53 00:03:10,840 --> 00:03:13,560 Speaker 1: p I s UM and those are sort of pieces 54 00:03:13,560 --> 00:03:16,560 Speaker 1: of function that Watson can do. And so Watson is 55 00:03:16,760 --> 00:03:20,760 Speaker 1: looking at all the photographs that the usc A photographers 56 00:03:20,760 --> 00:03:22,880 Speaker 1: are taking on the order of thousands during the tournament 57 00:03:22,960 --> 00:03:26,960 Speaker 1: and identifying players and celebrities and tagging those so that 58 00:03:27,040 --> 00:03:29,560 Speaker 1: the usc IT can actually publish those photographs out for 59 00:03:29,600 --> 00:03:33,680 Speaker 1: all the fans much more quickly, UM and expediently. I 60 00:03:33,680 --> 00:03:37,840 Speaker 1: guess uh. They're also Watson is also UM listening to 61 00:03:37,880 --> 00:03:40,920 Speaker 1: all the video that's being shot, so player interviews, video 62 00:03:41,120 --> 00:03:43,480 Speaker 1: feature segments, all the video on demand that goes on 63 00:03:43,600 --> 00:03:48,160 Speaker 1: to the digital platforms, and UM creating transcripts of those 64 00:03:48,240 --> 00:03:51,280 Speaker 1: videos so again they can post them more quickly. UM. 65 00:03:51,680 --> 00:03:54,800 Speaker 1: And the third thing Watson's doing, and this is something 66 00:03:54,800 --> 00:03:57,440 Speaker 1: that actually the public can watch Watson learned in this 67 00:03:57,480 --> 00:04:00,560 Speaker 1: case is Watson is doing the guest information piece on 68 00:04:00,600 --> 00:04:03,320 Speaker 1: the app. So if you come on site, you can 69 00:04:03,360 --> 00:04:07,400 Speaker 1: ask questions in the guest information piece UM in natural language, saying, 70 00:04:07,600 --> 00:04:09,360 Speaker 1: you know, where can I get a hamburger? And what 71 00:04:09,480 --> 00:04:12,360 Speaker 1: about a drink? You know, so, so it understands the 72 00:04:12,400 --> 00:04:15,680 Speaker 1: context of the second part of the question. In this case, UM, 73 00:04:15,840 --> 00:04:19,520 Speaker 1: and Watson is learning as it UM answers questions, so 74 00:04:19,520 --> 00:04:22,000 Speaker 1: we can answer basic questions. As it starts to get 75 00:04:22,120 --> 00:04:24,359 Speaker 1: questions that it can answer, it will learn the answers 76 00:04:24,360 --> 00:04:27,760 Speaker 1: to those and sort of grow its knowledge basis Okay, 77 00:04:27,800 --> 00:04:30,480 Speaker 1: so big company like IBM, your your brand is very 78 00:04:30,480 --> 00:04:32,720 Speaker 1: well known. You don't really need to show off your brand. 79 00:04:32,800 --> 00:04:35,040 Speaker 1: People even know about Watson. So so what do you 80 00:04:35,120 --> 00:04:37,640 Speaker 1: get out of this? Is this again to to to 81 00:04:37,720 --> 00:04:41,120 Speaker 1: make sure people the kind of uh well healed people 82 00:04:41,240 --> 00:04:45,000 Speaker 1: who are active and engaged and affluent enough to come 83 00:04:45,000 --> 00:04:47,360 Speaker 1: out here and have a great time at the US 84 00:04:47,440 --> 00:04:50,440 Speaker 1: Open are are connected to the brand. Is it because 85 00:04:50,440 --> 00:04:52,920 Speaker 1: you can try things here that you apply to other 86 00:04:53,000 --> 00:04:56,320 Speaker 1: business models. Well, all of the technology we bring here 87 00:04:56,640 --> 00:04:59,279 Speaker 1: is used for businesses around the world. So just one 88 00:04:59,279 --> 00:05:02,240 Speaker 1: example is um, you know Watson seeing and tagging photographs 89 00:05:02,279 --> 00:05:04,839 Speaker 1: I was just talking about. That's the same technology we 90 00:05:05,000 --> 00:05:07,880 Speaker 1: use to teach Watson how to read X rays and 91 00:05:08,080 --> 00:05:10,400 Speaker 1: m r s. It's the same exact technology. So there's 92 00:05:10,440 --> 00:05:14,160 Speaker 1: just a business application for an example. UM. But no, 93 00:05:14,320 --> 00:05:16,760 Speaker 1: it's not just for the fans on site, although it 94 00:05:16,839 --> 00:05:19,440 Speaker 1: does benefit the fans on site. Last year we had 95 00:05:19,480 --> 00:05:23,279 Speaker 1: over sixteen million engagements or people engaged on the digital 96 00:05:23,320 --> 00:05:26,920 Speaker 1: platforms versus in the neighborhood of seven hundred thousand who 97 00:05:26,920 --> 00:05:29,799 Speaker 1: come on site here. So it's really to help expand 98 00:05:29,800 --> 00:05:32,480 Speaker 1: the game of tennis and bring it to people wherever 99 00:05:32,560 --> 00:05:36,240 Speaker 1: they are. Cognitive Court. How smart is this court? Everything 100 00:05:36,279 --> 00:05:40,919 Speaker 1: is getting smarter than Mealizabeth now Cognitive Court is UM. 101 00:05:40,960 --> 00:05:43,120 Speaker 1: It's an area that we have actually the first time 102 00:05:43,120 --> 00:05:45,680 Speaker 1: we have fan activation on site so that people can 103 00:05:45,720 --> 00:05:49,440 Speaker 1: go in and really experience Watson. Um. We get a 104 00:05:49,440 --> 00:05:52,000 Speaker 1: lot of questions saying, where can I touch Watson? Where 105 00:05:52,000 --> 00:05:54,360 Speaker 1: can I play with Watson? And so this is an 106 00:05:54,400 --> 00:05:57,720 Speaker 1: example of sort of fun activations that can stimulate your 107 00:05:57,760 --> 00:06:01,680 Speaker 1: imagination and make you understand what the technology you can do. Okay, 108 00:06:01,720 --> 00:06:04,360 Speaker 1: how about social media and what is I mean that's 109 00:06:04,360 --> 00:06:06,960 Speaker 1: something everybody does. What what is IBM bringing its special 110 00:06:07,080 --> 00:06:11,000 Speaker 1: this year? Uh? Well Watson again, Uh, Watson doing something 111 00:06:11,080 --> 00:06:13,320 Speaker 1: kind of fun in the Cognitive Court and online where 112 00:06:13,360 --> 00:06:16,600 Speaker 1: you can do personality insights, So based on your social profile, 113 00:06:17,040 --> 00:06:20,200 Speaker 1: you can actually see which tennis players are most similar 114 00:06:20,200 --> 00:06:24,599 Speaker 1: to you, um, and uh, which celebrities might face similar 115 00:06:24,640 --> 00:06:28,160 Speaker 1: to view. We're also uh making all of the insights 116 00:06:28,560 --> 00:06:31,640 Speaker 1: from the stats and analytics and live matches share able, 117 00:06:31,720 --> 00:06:35,000 Speaker 1: so you can actually go and grab infographics and stats 118 00:06:35,040 --> 00:06:37,120 Speaker 1: and share them out on your social networks as well. 119 00:06:37,720 --> 00:06:41,680 Speaker 1: So uh, in terms of the open versus other events 120 00:06:41,720 --> 00:06:44,680 Speaker 1: that IBM gets involved into sponsors. What's special about it? 121 00:06:44,720 --> 00:06:47,320 Speaker 1: What's different about it? Oh? Well, I mean there's nothing 122 00:06:47,360 --> 00:06:49,200 Speaker 1: like tennis in New York? Right is the final Grand 123 00:06:49,200 --> 00:06:51,960 Speaker 1: Slam of the year. Um, you know each we sponsor 124 00:06:52,000 --> 00:06:54,720 Speaker 1: all four Grand Slams. Each one has a different personality 125 00:06:55,120 --> 00:06:57,119 Speaker 1: and so you know, this is the New York event. 126 00:06:57,279 --> 00:07:00,200 Speaker 1: For me, it's special. It's in my backyard. Who were 127 00:07:00,240 --> 00:07:01,640 Speaker 1: written for On the men's side, if you think it's 128 00:07:01,680 --> 00:07:05,080 Speaker 1: gonna take it, oh gosh, I really don't know. We'll 129 00:07:05,080 --> 00:07:07,440 Speaker 1: have to ask Watson. Okay, I'm gonna come fine later 130 00:07:07,520 --> 00:07:09,520 Speaker 1: you can. We can ask Watson. Watson. I'm sure we'll 131 00:07:09,560 --> 00:07:11,080 Speaker 1: have a very good answer. I guess I'll ask you 132 00:07:11,080 --> 00:07:12,960 Speaker 1: an easy one. Well, what's sounds so easy? On the 133 00:07:13,000 --> 00:07:16,880 Speaker 1: women's side, um, I would I would go with Watson again. Okay, 134 00:07:17,160 --> 00:07:20,040 Speaker 1: all right, okay, Watson, I'm coming to meet you. And 135 00:07:20,240 --> 00:07:22,440 Speaker 1: mus is definitely smarter than me, that's for sure. It 136 00:07:22,600 --> 00:07:24,840 Speaker 1: was both O Brien, thanks so much so then to 137 00:07:24,880 --> 00:07:27,600 Speaker 1: get join us here at the US Open, Program Manager 138 00:07:27,640 --> 00:07:31,360 Speaker 1: worldwide Sponsorship Strategy and Marketing for IBM, one of the 139 00:07:31,400 --> 00:07:33,960 Speaker 1: big big sponsors here at the US Open every year. 140 00:07:34,680 --> 00:07:37,480 Speaker 1: Coming up, we are going to be taking a look 141 00:07:37,600 --> 00:07:40,440 Speaker 1: at the markets, and a whole lot more. I'm Kathleen Hayes, 142 00:07:40,520 --> 00:07:47,000 Speaker 1: and this is Bloomberg. Bloomberg Taking Stock is brought to 143 00:07:47,000 --> 00:07:50,320 Speaker 1: you by willoughby Since New York City's boutique camera store 144 00:07:50,360 --> 00:07:52,680 Speaker 1: for precision craft to Tossil blood and mike A cameras, 145 00:07:52,800 --> 00:07:56,200 Speaker 1: plus a full selection of GoPro action adventure cameras. Willoughby's 146 00:07:56,200 --> 00:08:00,160 Speaker 1: at the corner of Fifth Avenue and thirty first Street,