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

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Speaker 1: dot com, the radio plus mobile act and on your radio.

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Speaker 1: This is a Bloomberg Business black an area have its

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Speaker 1: sound of the closing Dottle the New York Stock Exchange

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Speaker 1: as we wrap up HEARDing on this Tuesday, August ninth

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Speaker 1: to doll the SMP navstack all advancing no records today,

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Speaker 1: folks from Jar of Pope by the way, ringing that

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Speaker 1: closing bell stocks evans with the SMP five hundred index

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Speaker 1: climbing less than a point to twenty one eighty one.

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Speaker 1: The record there twenty one eighty two nastack up twelve

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Speaker 1: to fifty two twenty five, a gain of two tents

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Speaker 1: of one percent, a little change on the SMP. The

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Speaker 1: DOW also little changed, up three points to eighteen thousand,

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Speaker 1: five hundred thirty two. This update brought to you by

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Speaker 1: E t F Exchange sixteen b n Y Melon's annual

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Speaker 1: one of the day's big winners Valiant Pharmaceuticals Internationals, surging

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Speaker 1: twenty five point four percent. It maintained its full year guidance,

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Speaker 1: setting a goal for the second half that will require

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Speaker 1: the drug maker to substantially raise its sales and profits.

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Speaker 1: Elizabeth Kruda Hollow is an analyst with Bloomberg Intelligence. She

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Speaker 1: was our guest this afternoon right here on taking stock.

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Speaker 1: Most people were pretty happy to see that guidance had

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Speaker 1: been maintained for the year. We were expecting to see

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Speaker 1: potentially some color around whether or not they expect that

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Speaker 1: they could still meet their guidance on revenue and EPs

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Speaker 1: and IBITA, which they do say that they can do,

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Speaker 1: despite the fact that to Q did not look all

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Speaker 1: that promising on those metrics, and a reference there to

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Speaker 1: learnings before interest, taxes, depreciation and amortization. Again, the shares

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Speaker 1: surged today by twenty five point four percent. They economic

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Speaker 1: news today as the productivity of American workers unexpectedly declined

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Speaker 1: for a third straight quarter. That's according to the Labor Department.

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Speaker 1: Gold up five fifty the ounce forty one. Again there

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Speaker 1: of four tenths of one percent and at four oh

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Speaker 1: two on Wall Street. Now we'll look at other news

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Speaker 1: from around the world. On Bloomberg Radio, Charlie, Thank you

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Speaker 1: from the Bloomberg News Room, I Mark Crumpton. The latest

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Speaker 1: Quinnipiac University multi state poll of likely voters shows Hillary

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Speaker 1: Clinton leading Donald Trump fifty two percent to forty two

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Speaker 1: percent in Pennsylvania. In Ohio, Clinton leads forty percent, and

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Speaker 1: she has a slight edge in Florida. Quinnipiac says the polls,

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Speaker 1: conducted July to August seven, are its first of likely

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Speaker 1: voters and can't be compared with earlier surveys of registered voters.

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Speaker 1: Disruptions from a computer failure spilled into a second day

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Speaker 1: for Delta Airlines cancelations on Tuesday. Top five hundred Flights

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Speaker 1: says we'll try to get travelers to their destinations today. However,

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Speaker 1: Delta says there will likely be more cancelations. The CEO

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Speaker 1: of Delta apologize for power outage at the airline's Atlanta

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Speaker 1: base that interrupted computer operations. Delta will also be handing

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Speaker 1: out refunds and travel vouchers. Michael Barr Bloomberg Radio. The

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Speaker 1: water crisis in Flint, Michigan is affecting residents in ways

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Speaker 1: that weren't anticipated. It lowers their IQ and that can

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Speaker 1: lead to a variety of problems later in life, including

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Speaker 1: lost economic productivity, higher welfare use, and additional criminal justice

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Speaker 1: system costs. That's Bloomberg environmental reporter Rachel Levin, who says

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Speaker 1: that locations across the US are reevaluating their own LED programs.

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Speaker 1: New York States making available sixteen million dollars for construction

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Speaker 1: of new energy efficient housing. Global News twenty four hours

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Speaker 1: a day, powered by more than twenty journalists and analysts

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Speaker 1: in more than one twenty countries. I'm More Crumpton, this

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Speaker 1: is Bloomberg, Charlie, and we thank you. We are awaiting

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Speaker 1: the latest numbers out of the Walt Disney Company. We

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Speaker 1: did hear from Milan's second quarter adjusted EPs a dollar

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Speaker 1: sixteen estimates there were four eight dollar fourteen. Again recapping

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Speaker 1: a move hire no records SMP up a point seven,

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Speaker 1: a gain of less than one tenth of one percent.

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Speaker 1: I'm Charlie Pellett, and that's a Bloomberg business flash. Move around.

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Speaker 1: Motion creates emotion. The elite move. You move like they do.

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Speaker 1: I've never seen anyone move that back fired people. Let's

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Speaker 1: move like to get a purpose. That's called movers and shakers.

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Speaker 1: It costs a little more about that name. Cracked me up.

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Speaker 1: Bloomberg taking stock movers and shakers with bim Box and

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Speaker 1: Gatlin as on Bloomberg Radio. Movers and Shakers for this Tuesday,

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Speaker 1: August and nine, twenty is sixteen and the SMP five hundred,

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Speaker 1: two hundred and forty issues advanced, two hundred and fifty

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Speaker 1: seven decline and eight remain unchanged. Let's bring in Bloomberg

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Speaker 1: Stocks Commas Dave Wilson to begin our movers and shakers. Dave,

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Speaker 1: was a lousy day to be in the business of

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Speaker 1: cruise lines. UH Norwegian Cruise Line Holdings came out and

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Speaker 1: cut earnings forecast for this year and next Norwegian siding

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Speaker 1: following US demand for European vacations and also a weaker

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Speaker 1: British pound. If that sounds familiar, we heard a similar

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Speaker 1: sort of caution from UH Royal Caribbean last week. Nonetheless,

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Speaker 1: I mean you saw declines across the board in cruise

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Speaker 1: line owners. Norwegian shares down almost twelve percent on the day,

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Speaker 1: Royal Caribbean off almost seven percent, second biggest drop in

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Speaker 1: the S and P five hundred and Carnival the biggest

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Speaker 1: company in the cruise line business, their shares falling about

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Speaker 1: three percent on the day. I just thought i'd do

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Speaker 1: Coach because you mentioned it earlier. Coach shares down today

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Speaker 1: about two and a quarter percent. The company says it

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Speaker 1: is pulling its products from department stores across the United States.

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Speaker 1: UH Coach is going to close about of its department

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Speaker 1: store shops in order to protect its upscale revival. Having

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Speaker 1: said that North American comps did increase and they did

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Speaker 1: top estimates. Having said that, though there's still a big

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Speaker 1: effort on the part of the company to revamp itself

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Speaker 1: and turn it around. The Coach sales they're rising, but

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Speaker 1: the stock falling today down two and a quarter percent

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Speaker 1: was as you mentioned Coach. Let's just follow up with

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Speaker 1: the Gap. It's all about July sales figures there. UH

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Speaker 1: sales its stores open more than a year fell four

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Speaker 1: percent last month. There's a bigger decline in same story sales,

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Speaker 1: and analysts expected GAP coming up short at its namesake chain,

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Speaker 1: Old Navy and Banana Republic. So all three of the

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Speaker 1: retailers under the gap banner UH coming up short last month,

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Speaker 1: and UH gap shares following six point three percent on

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Speaker 1: the day, Dart, let's just stick with retail a little bit.

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Speaker 1: Under Armour shares down a little bit more than one

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Speaker 1: percent today. One of the board members, chief performance officer,

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Speaker 1: former u A chief performance officer, Brian Adams, he sold

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Speaker 1: a little bit more than thirty four thousand shares. Uh,

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Speaker 1: he still retains forty six thousand shares. The stock down

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Speaker 1: about four percent a year to date, but the shares

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Speaker 1: today under Armour down about one percent. Also to note

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Speaker 1: about under Armour is the issue about sports authorities bankruptcy.

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Speaker 1: Under Armor saying to investors, stop worrying about the bankrupcy

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Speaker 1: and they don't expect it to have a material effect.

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Speaker 1: Once again, shares of under Armor down one percent. Scripts

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Speaker 1: Network interacted as I mentioned that Royal carribing was the

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Speaker 1: second worst performer in the s and people I'm under

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Speaker 1: let's talk about the worst one, and that was Indeed.

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Speaker 1: Scripts is the company that owns HDTV, the Food Network,

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Speaker 1: several other cable channels. You know, earnings for their second

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Speaker 1: quarter beating us and it's revenue though coming up short. Uh.

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Speaker 1: Some concern about what's happening with their advertising revenue that

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Speaker 1: perhaps uh, they're taking a bit of a hit there

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Speaker 1: and you put that all together in Scripts Networks Interactive,

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Speaker 1: following seven point one percent on the day. Well, and

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Speaker 1: let's just conclude here with Monster Worldwide shares higher by

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Speaker 1: more than twenty six percent after Round stud Holding agreeing

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Speaker 1: to pay four nine million dollars for the job site

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Speaker 1: Monster Worldwide UH one of the first e commerce companies

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Speaker 1: to go public back in the nine nineties, and they

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Speaker 1: are are going to acquire the company Monster based in Weston, Massachusetts.

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Speaker 1: Shares of Monster Worldwide up more than twenty six percent today. Alright,

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Speaker 1: it's time now for the Volatility Index Report. It's brought

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Speaker 1: Learn more at cbo E dot com slash Powerful Outcomes

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Speaker 1: vix UH. The VIX today higher up about one and

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Speaker 1: a half percent, gaining zero point one eight, settling at

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Speaker 1: eleven point seven. Oh and just to note that hedge

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Speaker 1: funds and other big traders that attract by the Commodity

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Speaker 1: Futures Trading Commission, they've pushed net short positions on the

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Speaker 1: VIX on VIX futures to a hundred and fifteen thousand contracts.

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Speaker 1: This is the most since all right, Dave here, Hi,

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Speaker 1: my name is Dave. We just what do you think

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Speaker 1: you're doing. We're going for the down day. Hey, Mr Wilson,

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Speaker 1: tell us about what's going on with Neverro. This is uh, well,

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Speaker 1: you've been tracking I p o s for a long time.

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Speaker 1: Tell us about never This has been a very successful

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Speaker 1: initial public offering, no question never as a maker of

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Speaker 1: implantable devices that are designed to relieve chronic pain through

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Speaker 1: spinal cords stimulation. The company was founded in two thousand

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Speaker 1: seven and backed by Johnson and Johnson, which is now

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Speaker 1: second largest shareholder. Neverro trades under the ticker n v

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Speaker 1: r OH that's Nevro without the E. The company went

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Speaker 1: public in November eighteen dollars a share. Stock rose on

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Speaker 1: its first day of trading and kept climbing from there. Today,

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Speaker 1: never surpassed ninety dollars for the first time after second

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Speaker 1: quarter results were well received. While the company had an

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Speaker 1: adjusted loss of twenty eight cents a ship air, it

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Speaker 1: was the smallest lossens going public. Was also narrower than

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Speaker 1: the average analyst estimate in the Bloomberg Survey and Never's

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Speaker 1: revenue surpassed the average projection by twenty two percent. The

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Speaker 1: company raised its full year sales forecast above analyst's highest estimate,

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Speaker 1: and the results and outlook sent Neverro's shares to their

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Speaker 1: biggest one day game since May of last year. So

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Speaker 1: you're talking fifteen months. Shares rose almost seventeen percent, closed

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Speaker 1: at ninety four dours and fifty six cents, and traded

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Speaker 1: for as much as ninety four ninety four. Well, don

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Speaker 1: thank you very much. Dave Wilson, Bloomberg Stocks Thomas. You

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Speaker 1: send him an email at d Wilson at Bloomberg dot net,

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Speaker 1: become a smarter investor and sign up for his daily

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Speaker 1: free email newsletter and follow him on Twitter at the

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Speaker 1: one Dave. This is taking stock. I'm pim Fox. We

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Speaker 1: await the results from the Walt Disney Company. We've got

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Speaker 1: details coming up. This is Bloomberg. Bloomberg. Taking Stock has

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Speaker 1: brought you by the accounts and advisers at eisener Emper.

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Speaker 1: Are you in denial about succession issues? Eisener Amper can

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