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Speaker 1: Global business mens twenty four hours a day. If Bloomberg

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Speaker 1: dot Com the radio plus Mobila and on your radio,

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Speaker 1: this is a Bloomberg Busines squash from Bloomberg World Headquarters.

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Speaker 1: I'm Katherine Powdery and as that closing bell sounds. The

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Speaker 1: Dell Industrial Average down thirty eight points to tens of

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Speaker 1: a percent to eighteen thousand, five hundred seventy four. SMP

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Speaker 1: five foundered down two points to three. The NASDAC higher,

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Speaker 1: which would mean that it's made another record up four

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Speaker 1: points a tenth of a percent of fifty two thirty two.

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Speaker 1: The Dow Industrial Average and SMP five hundered pulled back

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Speaker 1: from their all time highs. The NASDAC little changed. There

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Speaker 1: was a little incentive today to push equities after the

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Speaker 1: three benchmarks reached records yesterday. Rick hath, chief executive at

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Speaker 1: Silver Crest Asset Management, on the markets valuation, The indusies

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Speaker 1: may be at an all time high in recent history,

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Speaker 1: but that's talking about equity industries. If you look at

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Speaker 1: the multiple on where fixed income is, it's more like

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Speaker 1: a sixty seven times multiple and they look very expensive.

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Speaker 1: The world is risk averse. Banks were the biggest drag

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Speaker 1: as Treasury yields fell on speculation that the Federal Reserve

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Speaker 1: will be in no rush to raise interest rates. Drug

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Speaker 1: Makers waited on the healthcare group, while raw materials fell

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Speaker 1: the most in five weeks. Energy producers rose along with

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Speaker 1: the price of crude oil for a second day. In

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Speaker 1: North Strom jumped to buy retailers after its quarterly profit

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Speaker 1: beat projections. In other market, soil climb to its biggest

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Speaker 1: weekly advanced since April. The Saudi Arabia signal it's prepared

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Speaker 1: to discuss stabilizing markets at informal OPEC discussions next month

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Speaker 1: after prices tumbled into a bear market. West Texas intermediate

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Speaker 1: crude rose one dollar a barrel to settle at forty

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Speaker 1: four forty nine, prices climb six point four percent this week.

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Speaker 1: Spout Gold down nine dollars nine cents and ounce of

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Speaker 1: thirteen and the Tenure Treasury up fourteen thirty seconds with

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Speaker 1: the yield of one point five one cent. Among today's

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Speaker 1: top business stories, Anthem and Signa rose after a Justice

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Speaker 1: Department lawyer told the judge in their antitrust case that

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Speaker 1: the government is willing to hear settlement offers from the companies.

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Speaker 1: Anthems proposed forty eight billion dollar takeover of Signa has

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Speaker 1: raised questions about competition in the industry and the possibility

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Speaker 1: that it will undermine choices for consumers. It's four oh

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Speaker 1: two on Will Street. Let's get an updated. Some of

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Speaker 1: the other stories were following. Katherine, thank you from the

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Speaker 1: Bloomberg news room. I'm Mark Crumpton, Republican National Committee Chairman.

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Speaker 1: Ryan's previous today introduced Donald Trump at a campaign rally

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Speaker 1: in Erie, Pennsylvania. We just had a great pull that

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Speaker 1: came out. I don't know if you saw the l

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Speaker 1: A Times Paul showed a tied election in spite of

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Speaker 1: the bias media. This man is going to win. He's

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Speaker 1: going to save our country. He's gonna put us back

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Speaker 1: to work again, put more money in people's pockets. And

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Speaker 1: Trump told the crowd that his lack of campaign ad

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Speaker 1: spending doesn't matter. Hillary Clinton has widened her lead over

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Speaker 1: Donald Trump in three battleground states, and who pulled from

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Speaker 1: The Wall Street Journal, MBS SEE News, and Marist find

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Speaker 1: Secretary Clinton with bigger leads in Colorado, Virginia, and North Carolina,

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Speaker 1: while maintaining her advantage in Florida. The data recorder from

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Speaker 1: the sunken Alfaro cargo ship is now in Jacksonville, Florida.

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Speaker 1: The Alfaro sank near the Bahamas last October, killing all

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Speaker 1: thirty three people on board. We're turning it over to

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Speaker 1: our highly and skill and experienced technicians and engineers in

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Speaker 1: the lab to both work on the access and product

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Speaker 1: processing of the data on the BDR. That's NTSB spokesman

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Speaker 1: Brian Curtis. A new era at twenty first century Fox.

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Speaker 1: The company's name Jack Abernathy and Bill Shine as co

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Speaker 1: presidents of the Fox News Channel and Fox Business. The

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Speaker 1: move will fill the leadership void created when Roger ale

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Speaker 1: stepped down in the wake of a sexual harassment scandal

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Speaker 1: and Alex Rodriguez plays his final game for the Yankees

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Speaker 1: tonight at home against Tampa Bay. Global News twenty four

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Speaker 1: hours a day, powered by more than twenty d journalists

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Speaker 1: and analysts in more than one twenty countries. I'm Mark Crumpton,

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Speaker 1: this is Bloomberg, Katherine, thank you, and now here's a

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Speaker 1: quick check of the benchmarks. Says they begin to settle down.

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Speaker 1: Industrial leverage down thirty seven points to eighteen thousand, five

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Speaker 1: hundred seventy six SMP five fundered down two four the

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Speaker 1: nastack up four to fifty two thirty two. Bloomber Taking

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Speaker 1: Stock is brought to you by Sector Spider E t S.

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

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Speaker 1: one eight six six Sector e t F. And that's

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Speaker 1: a Bloomberg business flash move around, multi praery promotion. I

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Speaker 1: feel the earth move. You moved like they do. I've

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Speaker 1: never seen anyone move that back. Five people's move like

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Speaker 1: you've got a purpose. Is called movers and shakers. They

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Speaker 1: cost a little more. That name cracked me up. Bloomberg

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Speaker 1: taking stock Movers and Shakers with pim Box and Kathleen

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Speaker 1: as on Bloomberg Radio. Movers and Shakers for Friday, August

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Speaker 1: the twelve, twenty sixteen in the SMP five hundred, one

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Speaker 1: hundred and ninety nine issues advanced, three hundred and one

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Speaker 1: decline and five are unchanged. Here to tell us more

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Speaker 1: and begin our movers and shakers is Dave Wilson, Bloomberg

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Speaker 1: Stocks Calumnist. Let's take a look at signal. You know

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Speaker 1: Anthem has been trying to buy the Health Ensure for

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Speaker 1: more than a year. Now it's a forty eight billion

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Speaker 1: dollar deal. The Justice Department has filed an anti trust

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Speaker 1: suit to block the transaction from going through. Well today,

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Speaker 1: a lawyer for the department said at a hearing on

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Speaker 1: the suit that the agency's open to listening to settlement

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Speaker 1: offers from Anthem to try and resolve the issues that

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Speaker 1: are holding up the deal, and that respect, and maybe

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Speaker 1: they will be a settlement down the line went over well.

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Speaker 1: Stigma shares up five point three percent. That's the third

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Speaker 1: biggest game on the day. And the S and P

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Speaker 1: and them also higher, rising one point six percent. And

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Speaker 1: I want to talk about a solar panel installation company.

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Speaker 1: Sun Run climbed the most in more than seven months

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Speaker 1: after sales increased sixty nine percent in the second quarter

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Speaker 1: that beat estimates. UH and the second biggest uf rooftop

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Speaker 1: solar company, exceeded its installation forecast, so beating even its

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Speaker 1: own forecast. The company was up fifteen percent. Solar City,

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Speaker 1: on the other hand, was down one point three one

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Speaker 1: point four percent at the end of trading, and Vivint

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Speaker 1: was down four point four percent. So only sun Run

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Speaker 1: gets that bonus. All right, I'm gonna tell you about

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Speaker 1: the shares of Ruby Tuesday, the restaurant company, down more

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Speaker 1: than thirteen percent today after reporting fourth quarter results that

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Speaker 1: missed earnings estimates. The Maryville, Tennessee company said that it's

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Speaker 1: going to close nine locations. Comps store sales, they said

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Speaker 1: fell three point seven percent. The company sided falling foot

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Speaker 1: traffic as well as high promotional activity, and it was

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Speaker 1: the loss for the quarter was forty six cents. Revenue

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Speaker 1: fell six percent. Ruby Tuesday stock fell. I want to

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Speaker 1: revisit Ali Baba Group Holding, the Chinese e commerce company

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Speaker 1: who talked about him yesterday, because they came out with

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Speaker 1: fiscal first quarter results, earnings and revenue beating analysts average

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Speaker 1: estimates and Bloomberg survey. Well, today Ali Baba shares did

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Speaker 1: even better than they did yesterday. You put that together,

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Speaker 1: it's a seven point one percent gain today. Ali Baba

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Speaker 1: in the last two days up twelve and a half percent,

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Speaker 1: and that's the biggest jump for the stocks as the

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Speaker 1: company went public almost two years ago, and Yahoo, which

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Speaker 1: owns about a fifteen per cent steak on Ali Baba,

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Speaker 1: went along for the ride. Today's trading uh Yahoo shares

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Speaker 1: up four point one percent, and that's on top of

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Speaker 1: the game yesterday speaking of retailers, J C. Penny of

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Speaker 1: course big story of the day and retail posting a

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Speaker 1: smaller fiscal second quarter net loss than analysts had estimated,

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Speaker 1: showing that while consistent profitability remains incredibly elusive, the department

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Speaker 1: store chain is making progress in its multi year effort

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Speaker 1: to rebuild its business, and the shares closing the day

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Speaker 1: up six point one percent and the shares of Wind

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Speaker 1: Resorts down nearly three percent today after mcau's Gaming Authority

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Speaker 1: A lotted a hundred and fifty gaming tables for the

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Speaker 1: company's new four billion dollar resort in Macau. That's just

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Speaker 1: a little over a third of what the company had

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Speaker 1: applied for. The gaming authority also said that the gaming

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Speaker 1: tables will be for mass market players. Let's talk about

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Speaker 1: Concordia International. This is a Canadian drug company trade of

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Speaker 1: actively in the US, and a whole lot of investors

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Speaker 1: have been betting against this stock. We've seen the amount

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Speaker 1: of short selling rise tenfold over the past year. Uh

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Speaker 1: number shares sold short right now thirty one percent of

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Speaker 1: the total available for training or the float. Well, the

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Speaker 1: short sellers had quite the day today. Concordius suspended its

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Speaker 1: dividend cut this year's earnings and revenue forecast, and said

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Speaker 1: Chief financial Officer Andrean del de Saldana is leaving. We

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Speaker 1: put that all together and the shares of Concordia International

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Speaker 1: falling thirty eight percent. Alright, it's time now for the

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Speaker 1: Volatility Index Report. It has brought to you by cbo

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Speaker 1: E VIX Options and Futures. Volatility can be harnessed with

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Speaker 1: cbo E VIX Options and Futures CE disclosures. Learn more

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Speaker 1: at cbo e dot com Slash Powerful Outcomes VIX. The

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Speaker 1: VIX declining today down one and a half percent. It

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Speaker 1: was down zero point one eight and it's settled at

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Speaker 1: eleven point five and the VIX is near its annual

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Speaker 1: low of eleven point twelve. It has dropped more than

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Speaker 1: fifty five percent since the Brexit vote peak of volatility

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Speaker 1: back on June. All right, Dave, you're uh hi, 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 to Dave. Dave Hey, Mr Wilson, tell us

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Speaker 1: about Planet Fitness. You know, pen the shares of Planet

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Speaker 1: Fitness have gone through the kind of transformation this year

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Speaker 1: that the fitness club owner would surely like to see

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Speaker 1: for its members. Planet Fitness is listed under the ticker

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Speaker 1: p l n T and went public last August. When

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Speaker 1: this year began, the shares were just below the initial

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Speaker 1: public offering price of sixteen dollars. In the first month

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Speaker 1: and a half, they fell as though his thirteen twenty

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Speaker 1: three and that Men's Plant Fitness was a busted I

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Speaker 1: p o H. The status, though, didn't last long. The

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Speaker 1: stock went back above its initial price in May and

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Speaker 1: rally from there. Today, Planet Fitness rose to a record

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Speaker 1: after the company reported second quarter results or any The

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Speaker 1: revenue beat the average anlans testaments in the Bloomberg survey,

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Speaker 1: as they have done in every quarter since Planet Fitness

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Speaker 1: went public. The company raised full year forecast for the

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Speaker 1: second time since making them in March. Jeffries analyst Randall

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Speaker 1: Knach put it this way into report, and I quote

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Speaker 1: what to do with the stock? Buy it. Many investors

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Speaker 1: did just that today as Planet Fitness closed with a

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Speaker 1: gain of ten percent. Dave, I know I can get

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Speaker 1: your chart of the day if I message you at

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Speaker 1: d Wilson at Bloomberg dot net. Do you mean stock

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Speaker 1: of the day as well? Well? You can see the

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Speaker 1: stock of the day on my Twitter feed at the

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Speaker 1: one day, then other assorted social media. I put it

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Speaker 1: up right after I talked about it here on Bloomberg

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Speaker 1: RADI I count on Dave Wilson to do all the

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Speaker 1: hard work, and then I steal it and use it

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Speaker 1: on TV as often as I possibly can. And I

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Speaker 1: am grateful for the acknowledgement. That's that's efficiency, right, theam

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Speaker 1: that's efficiency. Uh, this is the Bloomberg advantage. Matt mill

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Speaker 1: are filling in for Kathleen Hayes today, Pen Fox here

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Speaker 1: as usual, the guy you through the market close. This

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Speaker 1: is Bloomberg. Sorry. Coming up, we're gonna be talking about

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Speaker 1: biotechnology stocks. Signs of deals brewing in the biotech sector.

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Speaker 1: Does this mean that the competition will increase in prices

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Speaker 1: will increase? We'll find out