Speaker 1: You know, broadcasting live to New York, Bloomberg eleven, Rio
Speaker 1: to Washington, d C, Bloomberg to Boston, Bloomberg twelve, Wonders
Speaker 1: to San Francisco, Bloomberg nine six to the country as
Speaker 1: soon as exam General one nineteen and around the globe
Speaker 1: the Bloomberg Radio Plus athen Boomberg dot com. This is
Speaker 1: taking stock. I'm Kathleen Hayes, alive today at the US
Speaker 1: Tennis Open, sitting across from ambergnall be talking to shortly.
Speaker 1: He rose from a humble family in Pellham, New York,
Speaker 1: a local boy, I should say, uh immigrant Italian parents,
Speaker 1: served in the US military, and has risen to be
Speaker 1: one of the most influential people in the game of tennis,
Speaker 1: tennis coach who has worked with the likes of Andre Agassi,
Speaker 1: Jim Courier, Monica sells a Tennis Hall of Famer. Yes,
Speaker 1: Nick Bulletier, he joins us every year here at the
Speaker 1: but and I'm very pleased we're gonna be speaking to
Speaker 1: him again in just a moment. Now we're speaking to
Speaker 1: Charlie Pellatty's in our Bloomberg newsroom or with a Bloomberg
Speaker 1: Business flash. And I thank you very much, Kathleen Hayes
Speaker 1: following the market story on this first trading day of September,
Speaker 1: looking at a mixed picture right now. We've got the
Speaker 1: Dow in SMP both trading. Laura Nastak is higher treasuries climbing,
Speaker 1: the dollar falling is unexpected. Malaise in manufacturing has traders
Speaker 1: trimming wagers at the Federal Reserve will boost interest rates.
Speaker 1: This month, crude oil declined below forty four dollars a
Speaker 1: barrel after US government data showed crude stockpiles at the
Speaker 1: highest seasonal level in more than two decades. West Texas
Speaker 1: Intermediate CREWD down three point two percent today, dropping a
Speaker 1: dollar forty to a barrel to forty three dollars and
Speaker 1: twenty eight cents. Brent is down two point seven percent,
Speaker 1: Gold up five seventy The ounce thirteen again, there of
Speaker 1: four tenths of one percent, the tenure of three thirty seconds,
Speaker 1: with the yield of one point five seven percent. Apple
Speaker 1: CEO Tim Cook says he is confident the company will
Speaker 1: win a court fight over its tax arrangement with Ireland.
Speaker 1: I have face that eventually what is just and right
Speaker 1: will occur, and I don't I don't believe the journey
Speaker 1: to get there will will will be all roses. By
Speaker 1: any means I think will there would be absent flows
Speaker 1: up it. Cook was interviewed by Irish broadcaster RTE. Apple
Speaker 1: shares up three tents of one percent now at one
Speaker 1: oh sixty two. Again, the SMP down four to a
Speaker 1: drop of two tents of one percent two on Wall Street. Now,
Speaker 1: let's look at other news from around the world. Thank you,
Speaker 1: Charlie from the Bloomberg News room. I'm Jill Schneider. This
Speaker 1: news update is brought to you by Blue Jeans Prime Time.
Speaker 1: All Hands meetings are for the people in the room.
Speaker 1: Blue Jeans Prime Time brings everyone face to face over video.
Speaker 1: Go to blue Jeans dot com click the radio to
Speaker 1: get Primetime free for your next all hands. Her Mean
Speaker 1: is now a hurricane. The National Weather Service says the
Speaker 1: storm continues to move towards the Florida Panhandle. It's expected
Speaker 1: to make landfall there late tonight or tomorrow. It was
Speaker 1: a violent month in Chicago, the deadliest month, in fact,
Speaker 1: that the city has seen in two decades. Police Superintendent
Speaker 1: Eddie Johnson says the city needs tougher gun laws to
Speaker 1: keep people caught with illegal weapons behind bars. It's the
Speaker 1: same individuals committing these crimes this year to date. Of
Speaker 1: the non fatal fatal gunshot victims are own will be
Speaker 1: caused strategic subject lists. Those are individuals that are choosing
Speaker 1: this lifestyle. There were ninety murders and more than four
Speaker 1: hundred seventy shooting victims in Chicago last month. The US
Speaker 1: met its goal of admitting ten thousand Syrian refugees, about
Speaker 1: a month ahead of schedule, with the bulk of the
Speaker 1: group settling in San Diego. David Murphy, executive director of
Speaker 1: the International Rescue Committee San Diego office, says many are
Speaker 1: simply hoping to start over coming to San Diego with
Speaker 1: to begin a new chapter in their life. They are traumatized,
Speaker 1: they have been through a lot. A New jerseyman is
Speaker 1: facing charges after authorities say he racked up more than
Speaker 1: twenty thousand dollars in easy past holes and fees. The
Speaker 1: Port Authority of New York and New Jersey says forty
Speaker 1: two year old LeVert Calledwell the Third, was stopped after
Speaker 1: failing to post a payment in a Staten Island toll lane.
Speaker 1: Earlier this week, Global News twenty four hours a day,
Speaker 1: powered by more than journalists and analysts in more than
Speaker 1: one twenty countries. I'm Jill Schneider. This is Bloomberg, Charlie,
Speaker 1: and we thank you and again recapping a mixed picture
Speaker 1: for US equities. We've got the Dallin SMP lower, nazdak
Speaker 1: is higher, SMP five hundred index down four to sixty six,
Speaker 1: the drop there of two tenths of one percent. I'm
Speaker 1: Charlie Pellett and that sub bloom Bird business flash you're
Speaker 1: listening to taking Stock with Kathleen Hayes and Pim Fox
Speaker 1: on Bloomberg Radio live at the US Open here in
Speaker 1: Fleshing Meadow, Corona Park, Queens. I'm Kathleen Hayes Pim Fox
Speaker 1: vacation this week, but you know I'm not even noticing
Speaker 1: because I have a tennis legend sitting down with me
Speaker 1: now to talk about the passion and the business of
Speaker 1: training champions. Nick Bolletary almost needs no introduction, the founder
Speaker 1: of the famous IMG Tennis Academy down in Florida. Uh.
Speaker 1: He is a man who has worked with Andrea Augustly,
Speaker 1: Monica Sellis and so many many more. Nick, welcome back
Speaker 1: to the show. Well, I always look forward to this
Speaker 1: and I'm trying to get a tip power to make
Speaker 1: you a little bit more money without having to be
Speaker 1: on the tennis cod Well, then you just got to
Speaker 1: listen to taking stock every single day on Bloomberg Gradio
Speaker 1: and I'm sure you'll pick up more than enough ideas.
Speaker 1: In terms of your work over the years, how has
Speaker 1: it changed in the sense of was it different when
Speaker 1: you first started out, what you coached people on, how
Speaker 1: you have how you had to work with them, compared
Speaker 1: to where it is now. Seems like every sport the
Speaker 1: level of play has escalated, and there's a reason why
Speaker 1: all this bots to become more physical physical physically, yes,
Speaker 1: you can have talent, but you also have to be
Speaker 1: physically strong, mentally strong, and then have a team. You
Speaker 1: need a team. But the game has changed because equipment
Speaker 1: has changed the whole outlook. Twenty years ago, you can
Speaker 1: get away with a weakness Today, you can't get away
Speaker 1: with weakness two shots that they thought were taboo to
Speaker 1: drop shot, swinging volley of two big weapons today. But
Speaker 1: to be a top professional you cannot have a weakness.
Speaker 1: This is why Djokovic sort of fits in the category.
Speaker 1: He does everything extremely well, but you cannot have a
Speaker 1: weakness in professional damnis today. Well, that's your job then,
Speaker 1: to make sure that from the the youngest ages kids
Speaker 1: are strong, kids have their basics. Else, one of my
Speaker 1: colleagues here on a Bloomberg Radio team has a needs
Speaker 1: in Israel who at the age of nine is already
Speaker 1: training four hours a day. I don't know whether that's
Speaker 1: right though. If you look at Richard Williams, he trained
Speaker 1: his daughters, did not let them play any tune into
Speaker 1: the thirteen and fourteen years old. Oh, Serena and Venus
Speaker 1: is dad, that's great friend of mine. Remember that, Jimmy
Speaker 1: Connors said many years ago. It's not the quantity of practice,
Speaker 1: is the quality of practice. So just because you put
Speaker 1: in four to six hours a day, that doesn't mean
Speaker 1: you're going to reach higher levels. It's constructive practice. And
Speaker 1: at eight years old, the bones tissues have not grown together.
Speaker 1: You have to be very, very careful. So what kind
Speaker 1: of investment does a parent have to assume they're going
Speaker 1: to make if they have a kid who that you
Speaker 1: know that you give me a tennis racket as a
Speaker 1: as a little one, and they swing it and they
Speaker 1: love it, and you see the talent and you you
Speaker 1: want to invest in that kids talent? How investment is it?
Speaker 1: Why is America lacked in in top players in the
Speaker 1: last few years. But right now Martin Blackman and the
Speaker 1: U s c A. But Katrina Adams, they have a
Speaker 1: great group of youngsters coming up. It's expensive here when
Speaker 1: I was at when I started in the Qulitary Tennis Academy.
Speaker 1: Now the i MG WE scholarship a lot of people
Speaker 1: tennis is very, very expensive. That's why the U s
Speaker 1: c A is helping them. I MG helps certain players
Speaker 1: the course today for youngsters saying they're not gonna go
Speaker 1: to college, but they're going to go out and tour
Speaker 1: with a coach, playing twenty ten thousand dollar events, one
Speaker 1: hundred and fifty thousand dollars. Today's sponsor is not like
Speaker 1: they used to be. You played his racket, you play
Speaker 1: his clothes. You're very selective today. You'll have to be
Speaker 1: in the top seventy or eighty of the world to
Speaker 1: make some money. It's not that easy there. Okay. On
Speaker 1: the men's side, gotta ask you. We've got no vot Djokovic,
Speaker 1: We've got Andy Murray, rof Nadal's playing off the well
Speaker 1: for guys knees have been so beaten up. And watch
Speaker 1: out there for that man down from Brazil there, I
Speaker 1: mean the big del Portro. And look at Chilick. Last
Speaker 1: year at the US Open, played two of the greatest
Speaker 1: semifinals and finals in the history of the Open. You
Speaker 1: want to sleep for a year, But he's awake now
Speaker 1: he's off the charts. How he's playing Grigary's themed. You
Speaker 1: have a lot of good place Kanishikori, but right now
Speaker 1: Djokovic and Murray probably have to be considered the favorites.
Speaker 1: Pas Thrina Williams, she's playing. I saw a practice today.
Speaker 1: I waved to her. She has an outstanding coach Patrick.
Speaker 1: She's needs to be healthy again. And if she plays
Speaker 1: like she did coming out in that first round she
Speaker 1: was on fire. She will break Steffie's ranking. So who
Speaker 1: could beat her among the women? Who would you say
Speaker 1: she better watch out for? You know, in today's you
Speaker 1: cannot say the top dogs will win. You have the
Speaker 1: rabbits and the ladies have Gerbert Muca, rose Halle have
Speaker 1: several good players that if the top dogs let up
Speaker 1: just a little bit, they could be beaten there well,
Speaker 1: and maybe if they had a coach like Nick Bolletary unstoppable.
Speaker 1: Thank you so much. And by the way, I have
Speaker 1: a new site called nick voluntary dot Com. It's ten
Speaker 1: dollars for the whole year. How to greet your children,
Speaker 1: how to play high school tennis, how to go to college.
Speaker 1: God bless everybody. I'm Kathleen his This is Bloomberg coming
Speaker 1: up as we continue our live coverage at the US
Speaker 1: Open here in Flushy Middle Corona Park, Queens. An Abbott
Speaker 1: tennis fan, a bond expert, John Musseu from Cumberland Advisors
Speaker 1: on Bloomberg Radio