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

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Speaker 1: dot Com the Radio plus mobile left and on your radio.

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Speaker 1: This is a Broomberg business flash from Bloomberg World Headquarters.

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Speaker 1: I'm Charlie Pellett's sound of a closing bell at the

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Speaker 1: New York Stock Exchange as we wrap up trading on

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Speaker 1: this Thursday, August eight, team folks from the Institute for

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Speaker 1: Pediatric Innovation ringing that closing bell. Stocks moved higher today.

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Speaker 1: The DAL, the SMP NEZSDAC all advancing. Crude oil up

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Speaker 1: three point one percent. West Texas Intermediate now in a

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Speaker 1: bull market, up one point four a dollar forty three

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Speaker 1: twenty two on West Texas Intermediate. We did have commodity

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Speaker 1: shares rising along with crude oil. Brent crude advancing one

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Speaker 1: point nine percent, back above fifty dollars a barrel. Did

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Speaker 1: see a trade above fifty one dollars right now fifty

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Speaker 1: eight on Brent hired today by ninety five cents. Walmart

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Speaker 1: increased its annual earnings forecast after second quarter results. Top

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Speaker 1: analysts estimates assign the world's largest retailer is pulling business

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Speaker 1: away from rivals such as Target. Walmart up one point

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Speaker 1: nine percent today thirty on shares of Walmart. Bert Flickinger

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Speaker 1: is managing director at Strategic Resource Group. He talked about

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Speaker 1: Walmart right here on taking stock when you have better

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Speaker 1: leadership like Doug McMillan and Greg Farrand at Walmart. Target

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Speaker 1: has good leadership in Brian Cornell, but Brian's cleaning out

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Speaker 1: the province of him passed along by his two predecessor

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Speaker 1: and bad boards for fifteen years. Uh So with so

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Speaker 1: with Walmart, from UH fresh food to fashion uh they're

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Speaker 1: winning for the first time. Corrections Corps of America and

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Speaker 1: GEO Group, owners of correctional facilities plunging today. The Justice

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Speaker 1: Department is ending the use of private prisons. Today we

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Speaker 1: saw GEO down thirty nine point six percent, Corrections Corps

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Speaker 1: punging thirty five point three percent, the tenure up for

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Speaker 1: thirty seconds. Yeald there one point three gold of nine dollars.

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Speaker 1: The ounce the thirteen fifty three, a gain of seven

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Speaker 1: tenths of one percent. Again, recapping US equities did advance

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Speaker 1: SMP up four six a gain of two tenths of

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Speaker 1: one percent. Four oh two on Wall Street. Now, let's

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Speaker 1: take a look at other news from around the World, Charlie.

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Speaker 1: Thank you from the Bloomberg news Room. By Mark Crompton.

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Speaker 1: Tens of thousands of people in southern California have fled

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Speaker 1: their homes as firefighters continue battling of wildfire in San

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Speaker 1: Bernardino County. Cody Young lives in Wrightwood. I've never fire

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Speaker 1: actually get this close to town or actually burned an

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Speaker 1: entire mountain. Pretty scary. The blaze has already scorched more

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Speaker 1: than twenty five thousand acres and is only four percent contained.

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Speaker 1: President Obama is about to make history again when he

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Speaker 1: travels to Asia for international economic meetings next month. This

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Speaker 1: will be President Obama's eleventh trip to Asia since taking

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Speaker 1: office in two thousand nine, but he will be the

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Speaker 1: first U. S President to visit LAOS, where he will

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Speaker 1: participate in the U S. As he In Summit and

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Speaker 1: the East Asia Summit. There, he will meet with officials

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Speaker 1: to advance US cooperation with LAOAS on economic development ties,

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Speaker 1: and he'll hold a town hall meeting during the Young

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Speaker 1: Southeast Asian Leadership Initiative Summit. President Obama will also be

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Speaker 1: in China during this trip for his final g leaders Summit.

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Speaker 1: Any Morris, Bloomberg Radio Brazilian police say that four US

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Speaker 1: Olympic swimmers, including gold medalist Ryan Lochtey, fabricated a widely

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Speaker 1: publicized story in which they claimed to have been victims

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Speaker 1: of an armed robbery in Rio. Authorities say that footage

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Speaker 1: from a gas station posted on the internet shows locked

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Speaker 1: In his colleagues going to a bathroom and later sitting

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Speaker 1: on a sidewalk as they were apparently prevented from leaving

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Speaker 1: the premises. According to police, they were contained by guards

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Speaker 1: after they broke property at the gas station and refused

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Speaker 1: to pay for the damage. 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 more than one hundred twenty countries. I'm more Crumpton.

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Speaker 1: This is Bloomberg, Charlie, and we thank you, and again

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Speaker 1: I'll move higher. For US equities, SMP five hundred index

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Speaker 1: up four seven, up two tenths of one percent down.

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Speaker 1: Industrial is up twenty three, a gain of one tenth

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Speaker 1: of one percent. I'm Charlie Palaton. That's a Bloomberg business

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Speaker 1: flash move around most and creates the motion I feel

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Speaker 1: move on the move like they do. I've never seen

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Speaker 1: anyone move that back fired people. Let's moved like to

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Speaker 1: get a purpose. He's called movers and shakers. It costs

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Speaker 1: a little more, and that name cracked me up. Bloomberg

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Speaker 1: taking stock movers and shakers with Tim Fox and Kathleen

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Speaker 1: As on Bloomberg Radio. So up in the major market

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Speaker 1: in access today, maybe was not big, just one uh

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Speaker 1: tenth to two tenth of a percent. Nevertheless, it was

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Speaker 1: certainly a very widely supported move. Look inside the SMP

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Speaker 1: five hundred three or twenty two gainers, hundred eighty losers

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Speaker 1: three companies, share prices closing unchanged, movers and shakers. Now,

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Speaker 1: Dave Wilson, our stock center is back to kick it off. Yeah,

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Speaker 1: this is one of those days where takeover speculation kind

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Speaker 1: of becomes front and center, if only because you're not

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Speaker 1: seeing a whole lot of direction in the market, and

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Speaker 1: it's certainly popped up. In the case of the natural

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Speaker 1: gas pipeline company Williams. You may recall back in June,

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Speaker 1: Energy Transfer Equity scrapped a proposed deal to buy Williams. Well,

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Speaker 1: there may be another suitor in the works. H Williams

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Speaker 1: recently rejected a takeover bid from Enterprise Products Partners. According

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Speaker 1: to Financial Times. The report cited unnamed people briefed on

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Speaker 1: the negotiations. Williams is today's third best performer in the

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Speaker 1: S and P five hundred stock game, almost eight percent.

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Speaker 1: An Enterprise Products Partners, on the other hand, fell about two.

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Speaker 1: We've been talking about retail, so tell you about a

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Speaker 1: retail stock. Perry Ellis International down about ten percent today,

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Speaker 1: this after recording another loss in the second quarter, Although

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Speaker 1: the results did exceed analyst estimates both for profits and

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Speaker 1: for sales. The company says it's going to close fifteen

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Speaker 1: stores over the next eighteen months in an effort to

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Speaker 1: boost their profitability once again. Shares a Perry Ellis International

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Speaker 1: down more than ten percent. Well, a bit of a

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Speaker 1: black eye for Harley Davidson that pushed that share price

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Speaker 1: lower today. They've agreed to stop selling, buy back and

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Speaker 1: destroy aftermarket engine tuners that the US has called emissions

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Speaker 1: control to defeat devices. Harley take a symbol h O G.

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Speaker 1: I just love that Hog. Has also agreed to pay

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Speaker 1: a twelve dollars civil penalty as part of his settlement

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Speaker 1: with US after it was accused of violating air pollution

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Speaker 1: laws by selling the Screaming Eagle engine tuners. I guess

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Speaker 1: they're screaming for a different reason today. Harley sold more

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Speaker 1: than three d thirty nine thousand of them from two

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Speaker 1: thousand eight to two thousand fifteen. Uh. They're also required

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Speaker 1: now to the only devices that comply with Clean Air

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Speaker 1: Act emission standards. Is going to have to contribute another

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Speaker 1: three million dollars to mitigate air pollution under its deal

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Speaker 1: with the Justice Department and the Environmental Protection Agency. Dave

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Speaker 1: Well I talked about a potential deal, So let's talk

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Speaker 1: about an actual deal that happened in the chip business.

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Speaker 1: I'm referring to Sun Edison Semiconductor. Now, this is a

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Speaker 1: company that was a unit of Sun Edison went public.

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Speaker 1: Sun Edison sold off at stake before filing for bankruptcy

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Speaker 1: in April, so it's an independent company. And Sun Edison

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Speaker 1: Semiconductor accepted a six hundred and eighty three million dollar

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Speaker 1: takeover offer from Taiwan's Global Wafers. And in response to

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Speaker 1: that deal, Son Edison semi Conductor ticker Semi s c

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Speaker 1: m I, as you might expect, up thirty nine percent

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Speaker 1: on the day. How about to tell you about net App.

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Speaker 1: The shares of net App today gaining more than seventeen

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Speaker 1: per cent. Uh. This is a maker of storage equipment.

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Speaker 1: The company reporting after the close of trading yesterday beating

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Speaker 1: the first quarter fiscal first quarter revenue and profit estimates

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Speaker 1: by a comfortable margin. They also forecasted in line with

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Speaker 1: consensus for the current quarter, and once again the shares

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Speaker 1: of net app higher today by more than seventeen percent. Well,

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Speaker 1: what rhymes with app? How about snap? Now? This is

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Speaker 1: a going right to a story about Twitter. Twitter having

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Speaker 1: a tough day today, share price down five percent at

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Speaker 1: the close. And it's because James Lee at Credit Suite

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Speaker 1: Groups as it looks like the dollars that advertising are

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Speaker 1: puting towards Snapchat are being taken away from Twitter rather

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Speaker 1: than Facebook. Uh. He writes. Snapchats reach in frequency targeting

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Speaker 1: targeting suits brand advertisers that traditionally buy a lot of

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Speaker 1: TV ads. The up shot the competitive impact on Facebook,

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Speaker 1: Instagram and YouTube is limited, and they are seeing more

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Speaker 1: pressures on Twitter. PIM. Alright, it's time now for the

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Speaker 1: volatility index. Reported is brought to you by cbo e

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Speaker 1: Vix Options and Futures. Volatility can be harnessed with cbo

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Speaker 1: vix Options and Future c disclosures. Learn more at cbo

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Speaker 1: E dot com Slash Powerful Outcomes VIX. The VIX lower

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Speaker 1: today down more than five per cent at the cline

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Speaker 1: of zero point six three, settling at eleven point of

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Speaker 1: five six. And you know, typically August is a quiet

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Speaker 1: month for many trading investors, many trading professionals. But the

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Speaker 1: VIX uh is probably at the lowest level in about

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Speaker 1: twelve months. It tends to drop an officx, but it's

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Speaker 1: well below it's typical level. And that makes expectations for

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Speaker 1: swings in the stock market based on the prices of

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Speaker 1: SMP five hundred options uh more a greater give it

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Speaker 1: a greater potential for volatility. All right, Dave, you're up.

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Speaker 1: Uh hi, my name is Dave. Just what do you

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Speaker 1: think you're doing? We're going for a price on Dave, Dave,

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Speaker 1: Mr Mr Wilson, your stock of the day uncle Med Pharmaceuticals.

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Speaker 1: That's right, I mean one of the best known bits

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Speaker 1: of investment advices by low sell high. This isn't always

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Speaker 1: followed in practice, as uncle Med Pharmaceuticals illustrates. Uncle Meds,

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Speaker 1: a developer of cancer treatments to harness the patient's immune

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Speaker 1: system to fight the disease. Company was founded in two

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Speaker 1: thousand four, went public in twent trades under the ticker

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Speaker 1: symbol O M E. D Ohmed UH. Uncle Med made

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Speaker 1: its I p O initial public bring at seventeen dollars

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Speaker 1: a share. UH. The stock peaked within six months of

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Speaker 1: forty two hours and thirty four cents thanks to a

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Speaker 1: development deal with seal Gene, and then Uncle Med's stock

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Speaker 1: worked its way lower. The price dropped as low as

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Speaker 1: eight dollars forty two cents in February after study results

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Speaker 1: on a pancreatic cancer drug more negative. While the shares

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Speaker 1: have traded for less than the IP price since then,

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Speaker 1: Uncle Med went ahead with a fifty five million dollar

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Speaker 1: equity sale. Today we're talking about five and a half

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Speaker 1: million shares, the equivalent of a fifteen percent stake price

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Speaker 1: to ten dollars each, And that price was fifteen percent

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Speaker 1: below yesterday's closing price, and it looked like for a

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Speaker 1: time that Uncle Med might even fall from there. In

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Speaker 1: today's trading, nonetheless, rebounded just a bit, closed to ten

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Speaker 1: dollars seven cents, and that's the loss of fourteen percent,

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Speaker 1: the biggest since January. Thank you very much, Dave, Wilson

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Speaker 1: and Bloomberg Stocks Columus. You can follow Dave on Twitter

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Speaker 1: at the one Dave. This has taken Stock. I'm pim

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Speaker 1: Fox my coast. Kathleen Hayes, this is Bloomberg when We're

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Speaker 1: taking Stock. Is brought to you by land Over Manhattan,

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Speaker 1: where New York Goes for luxury, Conveniently located at fifty

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