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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 mobil and on your radio.

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Speaker 1: This is a Bloomberg business flag from Bloomberg World Handquarters,

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Speaker 1: Signed Charlie Hollot. An update on Wall Street, the DAL,

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Speaker 1: the SMP, Nez dack Hall advancing folks from four industries

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Speaker 1: ringing the closing bell. Stocks holding close to a record

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Speaker 1: after an increase in consumer spending underscore the strength of

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Speaker 1: the US economy, while traders assess the outlook for interest rates.

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Speaker 1: The dollar rose, oil slump today, West Texas Intermediate down

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Speaker 1: one point four percent, falling sixty seven cents of arl

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Speaker 1: forty seven. Brent crew down one point three percent. Natural

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Speaker 1: gas lower today by six tenths of one percent. So

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Speaker 1: on update with the SMP climbing five tenths of one percent,

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Speaker 1: up eleven points to eighty. The Dow Jones Industrial Average

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Speaker 1: advanced a hundred and eight points, up six tenths of

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Speaker 1: one percent, to eighteen thousand, five hundred three. Then as

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Speaker 1: a compositive index up three tents of one percent, up

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Speaker 1: thirteen points to fifty thirty two. Now what about the

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Speaker 1: US election and the stock market. David Katz is the

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Speaker 1: president of Matrix Asset Advisors. He was interviewed minutes ago

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Speaker 1: right here on taking stock. Right now, the market is

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Speaker 1: not focused a heck of a lot on the election.

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Speaker 1: We think that the oddsmakers are putting a Clinton victory

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Speaker 1: as the more likely outcome. We think if that were

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Speaker 1: to happen, the market would assume it's it's following a

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Speaker 1: lot of the President Obama policies with a slightly better

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Speaker 1: economy bias, so that would be a modest positive for

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Speaker 1: the market. We think if Trump were to win the presidency,

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Speaker 1: which is not being factored in, there's a lot more

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Speaker 1: concern and uncertainty. Apple has sent out an invitation for

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Speaker 1: an event September seven, where the world's largest publicly traded

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Speaker 1: tech company is expected to unveil updated devices. The invitation,

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Speaker 1: the email to reporters, bloggers and other invitees needs quote

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Speaker 1: see you on the seventh. Bowing is not raising airplane

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Speaker 1: prices for the first time in seven years. Boeing shares

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Speaker 1: did advance today, up five tenths of one percent, recapping

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Speaker 1: stocks Hire SMP five hundred index up five tenths of

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Speaker 1: one percent. And now we look at some of the

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Speaker 1: other stories making news Charlie, Thank you from the Bloomberg

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Speaker 1: News Room, by Mark Crimpton. Brazil's suspended president, Dilma Roussef,

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Speaker 1: has made an emotional appeal to keep her job. Russef

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Speaker 1: urged senators today to vote against her impeachment, saying it

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Speaker 1: would amount to her death sentence and would put Brasil's

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Speaker 1: democracy at risk. She mentioned that a few times people

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Speaker 1: people kept asking her, will your resign? Will you resign?

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Speaker 1: And she says it's just not in me. I don't

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Speaker 1: give up, I don't fight, and she kept saying she's

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Speaker 1: not fighting for her terms, she's fighting for democracy and justice,

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Speaker 1: and just reiterated that she is innocent of the crime

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Speaker 1: she's being accused of. Bloomberg so Pall Bureau a chief

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Speaker 1: Julia Lacy Russof is accused of financing government spending without

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Speaker 1: Congress of approval. The latest episode of sending racy text

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Speaker 1: and photos to another woman may have been the last

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Speaker 1: straw for the wife of former New York Congressman Anthony Weiner.

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Speaker 1: Huba Aberdeen says she and Weener are separating. Many parents

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Speaker 1: still refuse to vaccinate their kids. Shaun O'Leary, Associate Professor

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Speaker 1: of pediatrics at the University of Colorado, says sometimes their

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Speaker 1: reluctance to do so can be blamed on the effectiveness

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Speaker 1: of the vaccines, themselves victim of their own success. Because

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Speaker 1: we have achieved high vaccination rates in the US, we

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Speaker 1: don't see any of that needed anymore. So. Most of

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Speaker 1: the parents that are having children today have never seen

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Speaker 1: the evils. They've never seen Colio, They've never seen a

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Speaker 1: lot of things that we united kids. Gene Wilder, the

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Speaker 1: star of mel Brooks movies including Blazing Saddles and Young Frankenstein,

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Speaker 1: is dead, his nephew tells Variety magazine. Wilder died earlier

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Speaker 1: this month of complications from Alzheimer's. Gane Wilder was eighty

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Speaker 1: three global news twenty four hours a day, powered by

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Speaker 1: more than journalists analysts in more than one countries. I'm

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Speaker 1: More Crumpton. This is Bloomberg, Charlotte, and we thank you

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Speaker 1: and again recapping stocks advance with the SMP five hundred

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Speaker 1: index climbing eleven points to a gain of five tenths

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Speaker 1: of one percent. I'm Charlie Pellett and that's a Bloomberg

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Speaker 1: business flash move around, motion creates promotion, el move on

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Speaker 1: like they did, would provide pr people. Let's move like

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Speaker 1: you've got a purpose. That he's called movers and shakers.

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

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Speaker 1: Bloomberg taking stock movers and Shakers with PIM Fox and

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Speaker 1: Gatlin's on Bloomberg Radio. That's like a big thumbs up

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Speaker 1: from investors today for the US equity mark get taking

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Speaker 1: a look inside the s and P five hundred, four

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Speaker 1: hundred eight gainers, ninety two losers of five stock prices

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Speaker 1: closing unchanged. I'm Kathleen Hayes my cos PM Fox on vacation.

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Speaker 1: This week, Dave Wilson is back our stocks editor. We're

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Speaker 1: gonna look at what's moving and shaking. What's at the

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Speaker 1: top of your list, Mr Wilson, Well, one of the

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Speaker 1: stocks actually got left out of today's advance, and that's

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Speaker 1: gillyad Science is you know, this is a company that

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Speaker 1: has established itself as a maker of hepatitis C treatments,

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Speaker 1: specifically Savaldi and Harvony. Harvony now their biggest seller. The

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Speaker 1: trouble is that data for the week end in August

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Speaker 1: nineteenth that was compiled by Symthony Health Solutions showed that

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Speaker 1: sales of harvony fell five and a half percent, and

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Speaker 1: this one drug accounted for a third of Gillyad's revenue

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Speaker 1: last quarters. So people watch these numbers pretty closely, and

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Speaker 1: they didn't like what they saw on the latest set

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Speaker 1: of weekly data. Gilly Head down two percent, and that

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Speaker 1: was actually the second biggest rop in the day. Was well,

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Speaker 1: pretty good day from mile on. Actually they've been in

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Speaker 1: some choppy waters. Of course. The company that sells a generic, well,

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Speaker 1: it sells its epipan. Now it's going to sell a

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Speaker 1: generic version that's gonna cost about half of the branded

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Speaker 1: six hundred dollar price tag on these emergency allergy shots.

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Speaker 1: Are going to do this in coming weeks. They're bowing

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Speaker 1: to big, big pressure after US lawmakers derided earlier steps

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Speaker 1: last week as a mere public relations fixed, and of

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Speaker 1: course they have. Boy, they're they're doing a lot here

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Speaker 1: to make up for having gotten the Congress to go

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Speaker 1: along with making it mandatory to have these epipans in

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Speaker 1: schools and the government helping to pay for it, and

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Speaker 1: then boosting the price so sharply. And of course the

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Speaker 1: CEO is the daughter of Democratic Senator Joe Mansion of

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Speaker 1: West Virginia. At any rate, are on this credit hollow

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Speaker 1: Bloomberg Big pharma and biotech analysts giving her pretty high marks.

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Speaker 1: That's Heather Brush for moving quickly to put this behind

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Speaker 1: mylon doing something that could quell all the outcry and

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Speaker 1: allow the company to move ahead. Dave and Milon up

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Speaker 1: Well only about a half of a percent, but still,

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Speaker 1: I'm sure she's very happy to see that, and the

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Speaker 1: investors in the company as well. Absolutely, And then we

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Speaker 1: turned to Alca. There was a deal in the aluminum industry.

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Speaker 1: It's a closely held company called a Laris that accepted

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Speaker 1: a takeover offer from China's Jong Wang Holdings. We're talking

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Speaker 1: about two point three billion dollars in cash and assumed debt.

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Speaker 1: And that deal got people's attention, you know, raise the

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Speaker 1: possibilities for publicly traded companies. Alcoa, as you recall, is

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Speaker 1: splitting into uh The aluminum business is going to be

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Speaker 1: separated from units to produce aircraft and auto parts UH.

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Speaker 1: ALCOHA shares up two point six percent on the day. Well,

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Speaker 1: I just want to take a broad look at the

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Speaker 1: bank so particularly UH Well's far ago uh The KBW

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Speaker 1: Bank's index was more than three percent today, it's highest

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Speaker 1: interest day since the beginning of the year January fourth,

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Speaker 1: regional banks leading the way, Wells Fargo up about a

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Speaker 1: buck and five cents, forty dollars and fifty six cents,

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Speaker 1: and many other gainers today from from the regional bank list.

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Speaker 1: But people seem to be attributing it to the fact

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Speaker 1: that Janet Yell in the FED chair. So the rate

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Speaker 1: high case has strengthened in recent months and I felt

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Speaker 1: that key rate gets higher will help bank with their

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Speaker 1: net interest margins and then stop getting a boost. Today

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Speaker 1: I wanted to mention us G know this is a

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Speaker 1: long time holding of Warren Buffett's Berkshire Hathaway. They're the

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Speaker 1: largest shareholder with about a thirty percent steak. USG made

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Speaker 1: a deal today. They make building materials gypsum wallboard, a

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Speaker 1: specialty of theirs also known as sheet rock, that's the

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Speaker 1: brand name. Uh USG agreed to sell the distributor L

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Speaker 1: and W Supply for six d and seventy million dollars.

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Speaker 1: The buyer arrival ABC Supply now USG plan us to

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Speaker 1: use the proceeds for investments and debt repayment and this

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Speaker 1: deal went over whelm USG shares with a gain of

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Speaker 1: six points seven percent. Just a quick look here at

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Speaker 1: Nordstrom and j W Crew both share prices gaining today

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Speaker 1: after they announced that Jake Crew Group's flagship chain will

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Speaker 1: start selling an assortment of women's clothes at Nordstrom today,

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Speaker 1: so that boosting both of them quickly. Though Montalie is

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Speaker 1: no longer pursuing a combination with Hershey. That is the

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Speaker 1: latest a red hot sticky on the Bloomberg Dave uh

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Speaker 1: News Big News. Absolutely well. The issue for any boy

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Speaker 1: or hers She has been that Milton Hershey Trust, which

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Speaker 1: supports the school that the founder Hershey set up. And sure,

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Speaker 1: I mean he guess once again, it's an obstacle that

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Speaker 1: couldn't be surmounted. Well, a little bit of an obstacle,

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Speaker 1: I guess. Today Towards the volatility index, the VIX moving higher.

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Speaker 1: This is our Volatility Index report, brought to you by

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

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Speaker 1: with CBOE VIX Options in Future Associate disclosures and learn

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Speaker 1: more at cbo dot com Slash Powerful Outcomes Vix. The

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Speaker 1: VIX closing down about a half point at a thirteen

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Speaker 1: point oh six Trivick story by Lou Wong and Joe

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Speaker 1: Cli on Your Bloomberg on Bloomberg dot Com, pointing out

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Speaker 1: that there's a big divide right now in the Vicks

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Speaker 1: where institutions are bailing out of bets volatility well increase

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Speaker 1: while smaller investors embrace them. All right, Dave here 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 things? We're going for a price found

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Speaker 1: will do Dave da core Mark core Mark, I should

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Speaker 1: say holding stave biggest drop since two thousand and eight.

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Speaker 1: That's right. It's a distributor for convenience stores. They supply

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Speaker 1: tens of thousands of locations across the US and Canada.

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Speaker 1: Company found it all the Way back has been publicly

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Speaker 1: traded since two thousand five. Based in South San Francisco.

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Speaker 1: That Vickers, core c O r E, and cord Mark

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Speaker 1: shares arisen every year since two thousand nine, have gained

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Speaker 1: as much as this year. Today. They retreated after the

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Speaker 1: company lost in business. Car Marks set a supply contract

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Speaker 1: with Circle K Southeastern Stores will end in January. This

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Speaker 1: will cut the number of the change locations of the

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Speaker 1: company served by eleven undred or thirty six percent. Now,

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Speaker 1: circle K is part of Canadas couch Star, which was

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Speaker 1: Cormark's largest customer last year at fourteen percent of revenue,

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Speaker 1: and Cruise Stars expanding in the US. Just last week,

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Speaker 1: the company agreed to buy convenience store owners c ST Brands.

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Speaker 1: So this circle K contract loss. Indeed, as you mentioned,

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Speaker 1: sent car Mark to its biggest one day to clins

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Speaker 1: is December two thousand and eight. The stock tumbling more

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Speaker 1: than four That hurts if you own the stock. You

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Speaker 1: know what else hurts her? She's down ten percent in

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Speaker 1: the wake of the Monolese deal falling apart. WHOA, that

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Speaker 1: is quite a move, Dave Wilson, thanks for catching and

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Speaker 1: for us here on taking stock. I'm Kathleen Hayes. This

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Speaker 1: is Bloomberg. The Fed is fixing de Ray's rates. That's

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Speaker 1: the message at Jackson Hole. The question is when bond

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Speaker 1: market on fire? Today? The third more than a point

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Speaker 1: and a half. Ward McCarthy of Jeffrey's coming up on

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Speaker 1: Bloomberg Radio.