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Speaker 1: Global business news twenty four hours a day at 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 record. Close for the SMP

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Speaker 1: five hundred index, another up week. There you have its

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Speaker 1: sound of the closing bell at the New York Stock Exchange.

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Speaker 1: Folks from Black Rock and girls who code ringing that

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Speaker 1: closing bell. Stocks training at a record SMP five hundred

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Speaker 1: index picking up nine points to head into the weekend

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Speaker 1: seventy four, a gain there of five tenths of one percent.

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Speaker 1: Down Industrial is up fifty one points, no record the

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Speaker 1: eight the Dow at eighteen thousand, five hundred sixty eight,

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Speaker 1: a gain of three tents of one percent. The NASA

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Speaker 1: Stack Composit indecks up twenty six points to fifty one hundred,

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Speaker 1: again there of five tenths of one percent. The tenure

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Speaker 1: down three thirty seconds of the yield of one point

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Speaker 1: five six percent gold and declining eight dollars the ounce

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Speaker 1: to thirty three and dropped there of six tenths of percent,

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Speaker 1: and crude oil West Texas Intermediate falling a one point

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Speaker 1: one percent down fifty one cents four twenty four for

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Speaker 1: a barrel of West Texas intermediate crude. General Electric reporting

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Speaker 1: second quarter profit that beat analysts estimates, but General Electric

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Speaker 1: also sold fewer locomotives and less oil field equipment as

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Speaker 1: global uncertainty takes a toll on demand for big ticket

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Speaker 1: industrial products. G E shares down today by one point

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Speaker 1: six percent, falling fifty three cents to thirty two oh six.

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Speaker 1: Karen uble Heart is a senior analyst at Bloomberg Intelligence,

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Speaker 1: and she was interviewed this afternoon right here on taking stock.

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Speaker 1: They're having the same problem that everybody is having at

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Speaker 1: this point in industrial land, is that they had a

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Speaker 1: negative another tough quarter in terms of organic growth. It

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Speaker 1: was down one percent, as it was in the first quarter.

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Speaker 1: The confusion in GE is that the company maintained an

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Speaker 1: organic growth rate of two to four percent, and first

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Speaker 1: half they're down one percent. Where is the growth going

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Speaker 1: to come from? And most of the end markets that

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Speaker 1: they participated we are not looking at, you know, and

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Speaker 1: even a modest growth environment for a lot of a

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Speaker 1: lot of the equipment. Also with earnings today, Honeywell it

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Speaker 1: was down two point six percent again, the SMP up

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Speaker 1: nine to a record seventy four, up point five four

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Speaker 1: oh two on Wall Street. Now look at the other

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Speaker 1: stories making news. Charlie, thank you from the Bloomberg News room.

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Speaker 1: I'm Mark Crumpton. A man hunt his underway in Munich,

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Speaker 1: Germany for multiple gunmen following an attack at a shopping mall.

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Speaker 1: Authorities say at least six people are dead, many others wounded.

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Speaker 1: People are being urged to avoid public spaces. President Obama

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Speaker 1: comment at about the incident a short time ago. We

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Speaker 1: don't yet know exactly what's happening there, but obviously our

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Speaker 1: hearts go out to those who may have been injured.

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Speaker 1: It's still an active situation, and this man works at

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Speaker 1: a nearby gas station that people are scarious. Everybody are

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Speaker 1: running around. It's the second attime act in Germany in

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Speaker 1: less than a week. On Monday, is seventeen year old

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Speaker 1: wielding and acts and a knife attacks several people on

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Speaker 1: a train. He was shot and killed by police. Hillary

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Speaker 1: Clinton may announce our running mate via text message today.

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Speaker 1: That's according to a person familiar with the plans. Virginia's

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Speaker 1: Senator Tim Kane has emerged as the front runner. Members

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Speaker 1: of the Obama administration have been advocating for Senator Kane.

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Speaker 1: He was also in the running in two thousand eight.

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Speaker 1: Former President Bill Clinton has also said to favor Kane.

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Speaker 1: Agriculture Secretary Tom Vilsack and New Jersey Senator Corey Booker

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Speaker 1: are also seen as top contenders. The Democratic National Convention

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Speaker 1: kicks off Monday in Philadelphia. A New Jersey town made

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Speaker 1: famous by the Jersey Shore reality TV series is ready

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Speaker 1: for some quiet time on its beaches. Seaside Heights has

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Speaker 1: banning speakers, boom boxes and any other loud music. Beginning today,

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Speaker 1: Global News twenty four hours a day, powered by more

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Speaker 1: than twenty six hundred journalists and analyst in more than

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Speaker 1: one countries. I'm more Crumpton. This is Bloomberg, Charlie, and

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Speaker 1: again we thank you. And stocks did move higher. Fourth

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Speaker 1: weekly gain for the SMP five hundred index, the Dow

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Speaker 1: and Nasdaq SMP five hundred index climbing to a record

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Speaker 1: up nine points. Again, there are five tenths of one percent.

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

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Speaker 1: around motion creates the motion. Move you move like they do.

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

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Speaker 1: move like to get a purpose is called movers and

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Speaker 1: shakers that cost a little more. About that name cracked

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

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Speaker 1: Fox and Kathleen East on Bloomberg Radio Movers and Shakers

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Speaker 1: for Friday, July the twenty second, twenty sixteen, four hundred

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Speaker 1: and three members of the SNP five hundred move higher,

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Speaker 1: one hundred decline and to remain unchanged. I want to

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Speaker 1: bring in Dave Wilson, Bloomberg Stocks commis, where you can

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Speaker 1: follow on Twitter at the one day or sign up

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Speaker 1: for his free email newsletter at d Wilson at Bloomberg

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Speaker 1: dot Net. Begins our Movers and Shakers. Dave, Well, it

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Speaker 1: wasn't that great a day for energy stocks. I'll tell

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Speaker 1: you though. Southwestern Energy had a heck of a day.

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Speaker 1: It was the best performer in the SNP five hundred.

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Speaker 1: Now this is a company that in the first half

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Speaker 1: of this year halted drilling for natural gas. Well, now

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Speaker 1: they've come out and revived their program. Company plans to

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Speaker 1: operate five drilling rigs by the end of September. So

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Speaker 1: that's gonna be more natural gas coming out of shale basins. Uh,

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Speaker 1: more revenue, more earnings potentially for Southwestern Energy in response

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Speaker 1: that stock rose nine and a half percent today. It's

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Speaker 1: more than double for the you you know, yes, that's

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Speaker 1: well done, Dave Wilson Um Advanced micro Devices. Shares of

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Speaker 1: advanced micro devices up more than eleven and a half percent.

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Speaker 1: They reported quarterly revenue growth for the first time since.

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Speaker 1: They also forecast another increase in the current period, showing

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Speaker 1: that the progress for maintaining their relevance and profit in

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Speaker 1: the computer processor market is continuing. The indicated sales of

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Speaker 1: as much as one and a quarter billion dollars, and

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Speaker 1: that compared to the average analyst estimate of one point

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Speaker 1: one three billion according to data compiled by Bloomberg. Once again,

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Speaker 1: shares of advanced micro devices advancing more than eleven and

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Speaker 1: a half percent. Well, since I mentioned the biggest game

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Speaker 1: in the SMP five hundred, might as well talk about

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Speaker 1: the biggest decline, and that would belong to the chip

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Speaker 1: makers Skyworks Solutions. Now. They came out with results for

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Speaker 1: their fiscal third quarter and they looked okay me earnings

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Speaker 1: and revenue beating analysts average estimates and Bloomberg survey. Nonetheless,

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Speaker 1: Skyworks raised their quarterly dividend by just two cents of

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Speaker 1: share when the analyst here at Bloomberg we're looking for

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Speaker 1: an increase of six cents. So that kind of disappointment

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Speaker 1: doesn't go over well, and certainly Skywork Solutions reflected it

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Speaker 1: as the shares fell eight point six percent. Today. I'm

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Speaker 1: gonna tell you about the shares of Pandora. Now we

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Speaker 1: know Pandora, the music streaming service. Shares of Pandora Media

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Speaker 1: up to and a quarter percent today, the internet radio service.

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Speaker 1: It has been the subject of heated merger speculation and

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Speaker 1: posted second quarter revenue that missed analysts estimates. Active listeners fell,

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Speaker 1: but that did not hurt the stock today. Shares of

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Speaker 1: Pandora Media up to and a quarter percent. About Stanley

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Speaker 1: Black and Decker, hand Tools, power tools, you name it. Uh.

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Speaker 1: They came out with second quarter results, earnings and sales

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Speaker 1: being estimates, and the company raise their fullier profit forecast.

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Speaker 1: They also have a management transition that is getting underway.

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Speaker 1: The named president in chief operating also James Lori, to

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Speaker 1: succeed Chief Executive John Loundgren, who will remain chairman. And

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Speaker 1: their fortunes no doubt, they did well today, let's put

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Speaker 1: it that way. Shares a Stanley Blackendecker of four eight percent.

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Speaker 1: I'll tell you about the shares of PayPal falling on

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Speaker 1: concern that the Visa deal will hurt their profit margins.

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Speaker 1: PayPal shares dropped the most in four months. It was

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Speaker 1: a decline of more than six and a half percent today,

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Speaker 1: on concern that the cost implications of a new agreement

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Speaker 1: between the digital payments company PayPal uh and Visa would

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Speaker 1: hurt their their business. The companies announced the agreement on Thursday.

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Speaker 1: PayPal is going to stop discouraging customers from linking their

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Speaker 1: accounts to Visa cards and share more data with the

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Speaker 1: card network and exchange for what they describe as long

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Speaker 1: term Lisa fee certainty. Also be helping with in store payments. Nevertheless,

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Speaker 1: shares of PayPal holdings down six and a half percent.

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Speaker 1: Let me just mention Auto Live really quickly. They're based

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Speaker 1: in the Swede, nonetheless active here in the US. Listen

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Speaker 1: to the New York Stock Exchange. You might have heard

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Speaker 1: about him because Toyota had to recall a bunch of

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Speaker 1: cars with their air bags in them. Auto Lives quarterly

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Speaker 1: sales fell short of the average estimate by the widest margins.

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Speaker 1: It's two thousand nine comedy cut revenue and profitability forecast

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Speaker 1: shares them all to live, down eight and a half percent.

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Speaker 1: All right, it's time now for the Volatility Index. Report

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Speaker 1: is brought to you by cbo E VIX Options and Futures.

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Speaker 1: Volatility can be harnessed with cbo E ViXS options and

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Speaker 1: future c disclosures. Learn more at a cbo E dot

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Speaker 1: com slash Powerful Outcomes VIX. The VIX declining today down

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Speaker 1: five and a half percent, down to zero point seven two,

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Speaker 1: settling at twelve point o two, and the volatility into

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Speaker 1: which of course derived from options and reflecting stress levels

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Speaker 1: in the markets, has averaged about twelve point eight since

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Speaker 1: Alcoa began on the quarterly earnings report on July the eleventh,

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Speaker 1: and that compares with fifteen point seven in the three

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Speaker 1: years prior. All right, Dave, you're hi. My name is Dave.

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Speaker 1: Just what do you think you're doing things? We're going

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Speaker 1: for the prices down Wilco. Dave, Dave, Dave, I'm supremely

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Speaker 1: interested in your stock of the day because it's Supreme Industries. Okay.

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Speaker 1: This is a company that makes truck bodies, armored cars,

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Speaker 1: and police vehicles. They're found in nineteen seventy four, went

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Speaker 1: public a decade later. Their Class A stock is listening

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Speaker 1: under the ticker STS. Company also has Class B stock,

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Speaker 1: which carries more votes for sharing, is owned exclusively by

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Speaker 1: four company insiders. The Class A center record in May

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Speaker 1: that lasted for almost eight teen years. The mark was

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Speaker 1: finally broken in April thanks twin earnings driven surgeon the

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Speaker 1: stock Supreme game momentum. After the release of second quarter

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Speaker 1: results late yesterday, company earned forty eight cents to share,

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Speaker 1: exceeding one analyssess them to the thirty two cents in

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Speaker 1: the Bloomberg survey. Revenue rose twelve percent, marking the sixth

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Speaker 1: straight quarter of double digit percentage growth. The Supreme shares

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Speaker 1: in response rose eighteen percent, and that was the day's

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Speaker 1: third biggest game in the Russell two thousand index. So

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Speaker 1: I gotta tell you, though, buying to close out bets

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Speaker 1: against the stock may have fueled the advance, because last

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Speaker 1: quarter the number of Supreme shares sold short jumped almost

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Speaker 1: fifty threefold. Thank you very much, Dave Wilson, Bloomberg Stocks

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

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Speaker 1: at Bloomberg dot net. Become a smarter investor. Signed up

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Speaker 1: for his daily free email newsletter. This is taking stock.

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Speaker 1: I'm pim Fox and this Bloomberg coming up on taking stock.

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Speaker 1: Go ahead, grab some lime and some salt. National Tequila

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Speaker 1: Day is right around the corner, and we've got an

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Speaker 1: executive to tell us more