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Speaker 1: Global Business News twenty four hours a day. If Bloomberg

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Speaker 1: got gone the radio plus mobiles at Blomberg bus from

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Speaker 1: Bloomberg World Headquarters. I'm Catherine Powdery and as that closing

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Speaker 1: bell sounds. The Dow Industrial averages up seventy five points

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Speaker 1: four tens of a percent at seventeen thousand, seven hundred

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Speaker 1: forty SMP five foundered up six and a half points

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Speaker 1: a third of a percent to two thousand fifty seven.

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Speaker 1: The NAZTAC is up nineteen points four tens of a

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Speaker 1: percent at forty seven thirty six. Well Wall Street gained,

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Speaker 1: narrowing this week's losses. The smallest job's advance in seven months,

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Speaker 1: fuel speculation that the Federal Reserve will look to raise

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Speaker 1: interest rates gradually. The Labor Department reported payrolls increased by

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Speaker 1: one hundred sixty thousand and April. That's a smaller gain

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Speaker 1: than economists anticipated. The mist was centered in areas such

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Speaker 1: as retailing and construction. The jobless rate held study at

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Speaker 1: five percent last month as a workforce shrank. Scott mather, as,

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Speaker 1: a chief investment officer at Pimcoe, says today's jobs numbers

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Speaker 1: should not derail the FEDS trajectory, not that disappointing, sort

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Speaker 1: of on trend and uh, probably enough to just still

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Speaker 1: keep the FED on track for one or two hikes

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Speaker 1: this year. So I think that's what the markets sort

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Speaker 1: of waking up to. It still hasn't priced in the

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Speaker 1: probability of one or two hikes this year, but but

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Speaker 1: we think it will move in that direction. Crude oil rose,

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Speaker 1: narrowing its first weekly decline and more than a month.

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Speaker 1: Oil sands disruptions in Canada and lower US output offset

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Speaker 1: rising stockpiles and OPEC production. West Texas intermediate crude oil

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Speaker 1: is up twenty seven cents of barrel at fifty nine,

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Speaker 1: spout gold up eighteen dollars twenty cents anounce at twelve fifty,

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Speaker 1: and the tenure treasury is down nine thirty seconds with

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Speaker 1: the yield of one point seven seven percent. Among today's

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Speaker 1: top business stories, Charter Communications has cleared its last federal

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Speaker 1: hurdle to become the second largest cable company in the US.

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Speaker 1: The fcc is approved Charters merger with Time Warner Cable.

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Speaker 1: The development leaves approval from California as a final regulatory

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Speaker 1: hurdle for the fifty five billion dollar deal. The enlarged

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Speaker 1: charter would have about twenty four million total customers in

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Speaker 1: four one states. Household borrowing rose and march at the

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Speaker 1: fastest place since November two thousand one. A Federal Reserve

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Speaker 1: report showed financing for automobiles picked up and consumers outstanding

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Speaker 1: credit card debt sword. It's four oh two on Wall

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Speaker 1: Street each time to get an update of some of

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Speaker 1: the other stories we're following on Bloomberg Radio. Thank you,

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Speaker 1: Catherine from the Bloomberg Newsroom. I'm a Lisa PARENTI. This

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Speaker 1: is not a reality show. That's what President Obama said

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Speaker 1: to reporters at the White House today about the current

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Speaker 1: state of the presidential race. Mr Obama said being president

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Speaker 1: is a serious job and quote not entertainment. The President

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Speaker 1: said Republican voter should keep that in mind when deciding

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Speaker 1: whether to vote for Donald Trump. He has a long

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Speaker 1: record that needs to be examined. Um and I think

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Speaker 1: it's important for us to take seriously the statements he's

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Speaker 1: made in the past. At an event in Washington today

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Speaker 1: sponsored by Politico, r n C chairman Ryan's Previous was

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Speaker 1: asked about Donald Trump's behavior that's some find abrasive. Number One,

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Speaker 1: I think there's work to do, and I think that

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Speaker 1: there's work on tone to do. Um. I've been clear

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Speaker 1: about that. How Speaker Paul Ryan, who yesterday said he

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Speaker 1: was not ready to support Trump, will meet with the

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Speaker 1: candidate Thursday. James Taylor and Richard Gear were among the

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Speaker 1: celebrities on hand to help mark the one hundred twenty

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Speaker 1: fifth anniversary of Carnegie Hall. The event included a concert

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Speaker 1: featuring performances by Renee Fleming, violinist Itch Hawk Perlman, and

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Speaker 1: cellist Yo Yo Ma. Police are asking for the public's

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Speaker 1: help and identifying the people who stole a statue from

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Speaker 1: a Roman Catholic church in Brooklyn. The sacred Heart statue

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Speaker 1: of Jesus was swiped from St. Peter and Paul Roman

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Speaker 1: Catholic Church on South third Street last weekend. Police have

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Speaker 1: released surveillance video of three suspects. Global News twenty four

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Speaker 1: hours a day, powered by our twenty four hundred journalists

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Speaker 1: in more than one hundred ft news bureaus around the world.

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Speaker 1: From the Bloomberg News Room, I'm a Lisa PARENTI Catherine,

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Speaker 1: thank you, and Bloomberg. Taking Stock is brought to you

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Speaker 1: by Sectors Fighter E. T. S Why by a single

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Speaker 1: stock when you can invest in the entire sector. Visit

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Speaker 1: sector spd rs dot com or call one eight six

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Speaker 1: six sector E t S and checking those benchmarks as

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Speaker 1: they begin to settle. The Dow Industrial Average up eighty

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Speaker 1: points to close out the week at seventeen thousand, seven

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Speaker 1: hundred forty. S and P F foundered up six and

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Speaker 1: a half points to two thousand fifty seven, then a

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Speaker 1: stack up nineteen points to forty seven thirty six and

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Speaker 1: calling a capital all. The private equity firm founded by

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Speaker 1: billionaire Tom Barrick is apparently in talk to acquire commercial

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Speaker 1: real estate manager north Star Asset Management Group. And that's

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Speaker 1: according to people familiar with the matter. And that's the

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Speaker 1: Bloomberg business flash blot up. The elite move on. You

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

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Speaker 1: Fired people's move like out a purpose. Something's called movers

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Speaker 1: and Shakers. They cost a little moment. That name cracked

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Speaker 1: me up. Bloomberg taking stock Movers and Shakers with Bim

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Speaker 1: Box and Kathleen as on Bloomberg Radio. Movers and Shakers

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Speaker 1: for Friday made the six twenty six team taking a

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Speaker 1: look at the S and P five hundred three hundred

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Speaker 1: and thirty nine issues advanced today, one hundred and sixty

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Speaker 1: three fall and three remain unchanged. Dave Wilson, Bloomberg Stocks

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Speaker 1: Commas joins me now here in studio. Dave, let's begin

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Speaker 1: with some winners and losers. Well, we'll start with the losers.

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Speaker 1: I mentioned him earlier in the program PIM that declines

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Speaker 1: bear repeating. We're talking about Endo International, the drugmaker, slashing

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Speaker 1: this year's earnings forecast by about twenty three and reducing

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Speaker 1: their full your revenue projection by eleven percent. Uh. These

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Speaker 1: cuts largely because of price cutting in the generic drug industry.

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Speaker 1: And Endo shares down thirty nine percent in today's trading,

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Speaker 1: and that was the biggest drop for the stocks since

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Speaker 1: two thousand two. And then you look at the list

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Speaker 1: of biggest declines in the S and P five hundred,

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Speaker 1: which was headed by Endoh, and you see Malon Crotts

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Speaker 1: shares down seven point three percent, Para Go down four

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Speaker 1: point eight percent, my Land down four point two percent,

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Speaker 1: Alegant down four point one percent. And on top of that,

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Speaker 1: you have some international drug makers traded here in the

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Speaker 1: US that fell to have a pharmaceutical down six point

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Speaker 1: seven percent. And Valiant Pharmaceuticals, which actually set up a

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Speaker 1: committee to handle its drug pricing, which has definitely been

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Speaker 1: a front and center issue for the company, down about

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Speaker 1: thirteen and a half percent. All Right, I'm gonna talk

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Speaker 1: about something a little bit perhaps less essential and drugs

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Speaker 1: drug treatment. Activision Blizzard. I'm gonna talk about video games.

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Speaker 1: Activision Blizzard higher today by about eight and a half percent.

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Speaker 1: The company's first quarter adjusted revenue as well as earnings

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Speaker 1: per share plus the second quarter guidance all exceeded analyst estimates.

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Speaker 1: Why while they got a big boost from that acquisition

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Speaker 1: they did of King Digital they make Candy Crush, and

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Speaker 1: then also big wins for Call of Duty Black Ops three.

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Speaker 1: High margin digital revenue rose forty eight percent year of

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Speaker 1: a year to over seven hundred and ninety million dollars

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Speaker 1: at accounts from at eighty eight percent of revenue in

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Speaker 1: the quarter, and that was a growth rate also for

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Speaker 1: in game content sales once again, Activision Blizzard up eight

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Speaker 1: and a half percent, Dave, This has been an earning

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Speaker 1: season to forget for Jack Dorsey because he's the chief

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Speaker 1: executive of both Twitter and the online payment company score.

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Speaker 1: Twitter's results aroout last week that the company's shares fell

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Speaker 1: more than sixteen percent, and the wake of that report,

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Speaker 1: well Squares numbers came out, the online payment company posting

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Speaker 1: a wider first quarter loss in alison a Bloomberg survey,

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Speaker 1: We're expected, expecting, and beyond that, Square said a financing

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Speaker 1: program for small business customers is facing challenging credit market conditions,

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Speaker 1: as the company described it, which basically means they haven't

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Speaker 1: been able to sell on loans to other investors the

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Speaker 1: way they had anticipated. And Square shares down almost twenty

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Speaker 1: two percent in today's trading, biggest drop in a day

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Speaker 1: for that stock since it started trading last November. Shares

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Speaker 1: of Walgreen's Boots Alliance down two and a half percent today.

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Speaker 1: This comes after kk R, which is the third largest

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Speaker 1: holder of Walgreens Boots Alliance, said that is selling a

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Speaker 1: twenty nine percent stake or a fifty million shares in

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Speaker 1: a secondary offering via City Group. Once again, Shares of

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Speaker 1: Walgreen's Boots Alliance down two and a half percent. Well,

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Speaker 1: let me give you the bill Ackman round up really fast.

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Speaker 1: One company he's invested in air products and chemicals agreed

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Speaker 1: to sell its performance materials business to Advonic Industries for

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Speaker 1: three point eight billion dollars. Shares of air products up

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Speaker 1: nine tents a percent. Then again, actmen also betting against

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Speaker 1: Herbal Life, the seller of nutritional supplements, and that company

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Speaker 1: said they are in late stage talks with US regulators

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Speaker 1: to resolve a probe and whether it's a pyramid scheme,

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Speaker 1: which whereas Ackman has been talking about for some time.

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Speaker 1: Herbal Life shares up nine point one percent, so a

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Speaker 1: loss for acmen on that stock. It's time now for

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Speaker 1: the Volatility Index report. It has brought to you by

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

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Speaker 1: with cbo E VIX Options and Futures see disclosures. Learn

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Speaker 1: more at cbo e dot com Slash Powerful outcomes. VIX

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Speaker 1: to VIX down today more than five and a half percent,

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Speaker 1: shedding point nine three, settling at fourteen point nine nine. Well,

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Speaker 1: if you go back to July often you can see

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Speaker 1: that the volatility index formed a bullmarket cycle low at

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Speaker 1: that point. Since then, it's been forming a series of

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Speaker 1: higher lows. Stock bulls perhaps better served that the VIX

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Speaker 1: would actually break into an up end trend line to

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Speaker 1: make a run at those fourteen cycle lows. Alright, Dave,

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Speaker 1: you're out. Uh hi, my name is Dave. Just what

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Speaker 1: do you think you're doing things? We're going for the

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Speaker 1: pranks down, will Dave Hey? Mr Wilson, go ahead, tell

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Speaker 1: us about education results. That would be the Vry Education.

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Speaker 1: You know, they're approaching the twenty five anniversary of their

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Speaker 1: initial public offering. This is the company that owns the

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Speaker 1: Vry University, the Kellogg Graduate School, Management, and other for

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Speaker 1: profit colleges. They went public in June and trade under

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Speaker 1: the ticker DV divide pete to the record six years ago,

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Speaker 1: and since then the shares have lost as much as

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Speaker 1: seventy nine percent in the declining enrollment and growing regulatory scrutiny.

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Speaker 1: Just yesterday they closed at an eleven year low. Now

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Speaker 1: today it was a different story for Davry thanks to

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Speaker 1: well received results. For the fiscal third quarter, earnings were

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Speaker 1: seventy one cents to share, beating analysts average cestment in

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Speaker 1: Bloomberg survey by nine cents. Revenue topped the average projection

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Speaker 1: by the wise margin in more than two years, and

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Speaker 1: as for the fourth quarter, DeVry predicted revenue would fall

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Speaker 1: and costs would drop even more, which means the company

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Speaker 1: comes out ahead. Put that all together and the result

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Speaker 1: was the biggest rally and Devrise shares in three and

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Speaker 1: a half years. They closed with a gain of twenty

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Speaker 1: one Thank you very much, Dave Wilson, Bloomberg Stocks, Thomas

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Speaker 1: go ahead. Send him an email at d Wilson at

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Speaker 1: Bloomberg dot net. Sign up for his daily free email newsletter.

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Speaker 1: It will make you a smarter investor. This is Bloomberg

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Speaker 1: Radio coming up on taking stock. It's the Mother's Day

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Speaker 1: holiday season. Roses, tulips lilies, one hundred and fifty thousand

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Speaker 1: plants on Mother's Day, four point five million roses all delivered.