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Speaker 1: Global business news twenty four hours a day, Imberg the

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Speaker 1: Radio plus Globo on your radio from Bloomberg World Headquarters

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Speaker 1: in Katherine maccodary and as at closing bell sound, they

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Speaker 1: down industri Loward Is down one hundred points a loss

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Speaker 1: of six tents of a percent, trading at seventeen thousand,

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Speaker 1: six hundred fifty two. SMP five founded down twelve point

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Speaker 1: six tents of a percent to two thousand fifty one.

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Speaker 1: The Nastact down thirty seven points eight tents of a percentage,

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Speaker 1: trading at forty seven twenty five. Well The stock market

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Speaker 1: extended as losses, with the SMP five thundered, falling for

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Speaker 1: the fourth time in five days. There are lingering concerns

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Speaker 1: at weak global growth will weigh on the US economy.

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Speaker 1: Their signs of weakness in the job market. The Payroll

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Speaker 1: Processor a DP said that businesses added jobs at the

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Speaker 1: weakest pace in three years. Last month, industrial shares lost

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Speaker 1: more than one percent as the eighteen percent rally from

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Speaker 1: February Low's faltered. John Man, Late, chief equity strategist at

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Speaker 1: Wells Fargo Funds, expects the stock market to hold steady

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Speaker 1: fair valuations and the news hasn't been that great. That's

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Speaker 1: not the sort of thing that moves as higher. But

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Speaker 1: I don't think it posed a slower either. West Texas

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Speaker 1: in a media crude oil up four cents a barrel

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Speaker 1: half a percent at nine sparkled it down ten dollars

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Speaker 1: eighty cents announced at twelve eighty one, and the tenure

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Speaker 1: treasury is up six thirty seconds with the yield of

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Speaker 1: one point seven seven per cent. Among today's top business stories,

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Speaker 1: two top manufacturing executives are leaving Tesla Motors at a

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Speaker 1: time when the electric car company is about to release

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Speaker 1: its most important car, the mass production Model three. A

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Speaker 1: person familiar with the situation says the executive changes are

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Speaker 1: linked to delays, which is and a recall, but have

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Speaker 1: the deviled Model X. Tesla denied any connection between the

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Speaker 1: departures and production problems with its SUV and we are

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Speaker 1: awaiting test this quarterly results. The recall for Takata airbags

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Speaker 1: has been doubled. Federal officials have ordered Takata to replace

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Speaker 1: as many as forty million additional air bags linked to

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Speaker 1: deadly malfunctions, then move more than doubles the twenty eight

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Speaker 1: point eight million in platers at Takata had previously recalled

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Speaker 1: in the US. It affects vehicles made by twelve different manufacturers,

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Speaker 1: including Honda, Toyota, and Fiat christ Serve. It's four oh

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Speaker 1: two on Wall Street. Time for en update to some

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Speaker 1: of the other stories we're following on Bloomberg Radio today. Catherine,

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Speaker 1: thank you from the Bloomberg News Room. I Mark Crumpton,

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Speaker 1: a federal judge, says he may order Hillary Clinton to

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Speaker 1: testify under oath about whether she used a private emails

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Speaker 1: server as Secretary of State to evade public records disclosures.

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Speaker 1: Judge Emmett Sullivan signed in order granting a request from

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Speaker 1: the conservative group Judicial Watch. It wants to question six

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Speaker 1: current and former State Department staffers. It's the end of

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Speaker 1: the line for Republican presidential candidate John Kasik, two people

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Speaker 1: close to the campaign tell Bloomberg News the Ohio governor

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Speaker 1: will end his bid for the White House later today.

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Speaker 1: The move, just a day after the exit of Texas

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Speaker 1: Senator Ted Cruz, cements Donald Trump at the GOP standard

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Speaker 1: bearer and sets the stage for an almost certain match

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Speaker 1: up against Democrat Hillary Clinton in November. Governor Casey will

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Speaker 1: speak at five pm Wall Street time in Columbus. More

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Speaker 1: than eighty thousand people are fleeing a fast moving wildfire

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Speaker 1: in northeast Alberta, Canada. Mandatory evacuation orders went into effect

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Speaker 1: for the entire city of Fort McMurray as flames pushed

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Speaker 1: into the town, destroying homes and reigning ash on residents.

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Speaker 1: Dale Benfeld is with the Royal Canadian Mounted Police. The

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Speaker 1: majority of our citizens will most likely find the lodging

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Speaker 1: and support through family and friends, but we continue to

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Speaker 1: find industry partners to help us find places to put

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Speaker 1: these people into a safe area. Governor Cuomo says justice

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Speaker 1: was served in the Sheldon Silver case. The former Assembly

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Speaker 1: speakers twelve years sentence, according to Cuomo, sends a message

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Speaker 1: to officials who abuse the public's trust. Global News twenty

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Speaker 1: four hours a day, powered by our journalists in more

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Speaker 1: than one hundred fifty news bureaus around the world. From

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Speaker 1: the Bloomberg News Room, my Mark Crumpton, Catherine, thank you,

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Speaker 1: and now let's check those benchmarks as they begin to

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Speaker 1: settle down. Industrial leverage down one hundred points to seventeen thousand,

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Speaker 1: six hundred fifty one, SMP five hundred down twelve points

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Speaker 1: to two thousand, fifty one. The nastact down nearly threety

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Speaker 1: eight points to forty seven five. Bloomberg Taking Stock is

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Speaker 1: brought to you by Pershing's Insight sixteen conference, a must

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Speaker 1: of ten for advisors June seventh through the ninth in Orlando, Florida.

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Speaker 1: Register at Insight twenty SI dot com. That's I N

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Speaker 1: S I TE dot com and that's a Bloomberg business flash.

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Speaker 1: Wove around most grade motion up there Earth move you

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Speaker 1: moved like they do. I've never seen anyone move that fast.

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Speaker 1: Five people's move like you've got a purpose. He's called

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Speaker 1: movements in Shaker. They cost a little more. That name

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Speaker 1: cracked me up. Bloomberg taking Stock Movers and Shakers with

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Speaker 1: bim Box and Gatlin as on Bloomberg Radio Movers and

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Speaker 1: Shakers for Wednesday made the fourth twenties sixteen one hundred

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Speaker 1: and fifty three issues move higher in the SMP, five hundred,

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Speaker 1: three hundred and forty seven issues fall and five remained unchanged.

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Speaker 1: Alrd I want to bring in Dave Wilson Bloomberg stocks

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Speaker 1: Commas to kick off our movers and shakers. WI taking

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Speaker 1: a look at Tesla Motors because they're just out with

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Speaker 1: their quarterly results. Uh, they had an adjusted loss of

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Speaker 1: fifty seven cents of share. Done. Sounds a great except

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Speaker 1: analysts we're looking for a loss of sixty cents on average.

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Speaker 1: So it's actually turning out a little bit better than

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Speaker 1: analysts were anticipating. And you've got an immediate reaction in

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Speaker 1: Tesla's shares. They closed today at the two twos and

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Speaker 1: fifty six cents. They're trading at about two hundred and

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Speaker 1: thirty eight dollars at the moments. That works out to

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Speaker 1: a gain of about seven percent for the electric carmaker. Well, gentlemen,

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Speaker 1: let's take a quick look at Zillo. Who doesn't love now?

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Speaker 1: Maybe few years ago we didn't even do what you

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Speaker 1: go online. You look at houses, you look at sales,

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Speaker 1: you look at all kinds of things. Zillo, of course

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Speaker 1: a leader in this space, and it reported first quarter

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Speaker 1: revenue that topped forecast, It raised its full sixteen sales forecast,

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Speaker 1: beat on the quarter, beat on the second quarter outlook,

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Speaker 1: beating on the year, helping boost the stock today. UM

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Speaker 1: one of the people quoted here saying Zillo appears to

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Speaker 1: have pricing power. They have lingering concerns about the name,

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Speaker 1: including evaluation, and of course there is some follow up

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Speaker 1: potentially from litigation Zillo saying it expects litigation expenses UH

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Speaker 1: in its in litigation with News Corps and the National

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Speaker 1: Association of Realtors. Anyway, those could reach fifty to fifty

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Speaker 1: five million for the full year compared with pro expectations

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Speaker 1: of thirty six million. But the revenue beats are so

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Speaker 1: strong today that Zilla moved higher. Well, I'll tell you

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Speaker 1: about a company that well, it just rents uh real

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Speaker 1: estate Avalon Bay Communities. Um. They are in obviously Los

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Speaker 1: Angeles and Seattle, saying that rent Soft's had a slowing

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Speaker 1: uh slowing rental growth in other parts of the country.

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Speaker 1: Avalon Bay communities today up more than two percent. A

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Speaker 1: good news for real estate, particularly on the West coast.

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Speaker 1: Tell you who didn't have good news? Price Line Group

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Speaker 1: tell you this is this is the company that lost

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Speaker 1: their chief executive uh just last week there in Houston,

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Speaker 1: resigning after company said he broke its code of conduct

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Speaker 1: by having a personal relationship with an employee. Well, they

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Speaker 1: are out with the results and as it turns out,

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Speaker 1: their second quarter earnings are gonna be no higher than

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Speaker 1: twelve dollars and fifty cents this year. That's what they're

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Speaker 1: expecting anyway, average analyst test two, according to data compabed

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Speaker 1: by Bloomberg. Now, there are a couple of reasons they sided.

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Speaker 1: One is that Easter fell earlier this year March does

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Speaker 1: opposed to April five last year. Also, they're spending more

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Speaker 1: money to advertise their main websites, price line dot com

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Speaker 1: and Booking dot com. Price Line group falling seven and

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Speaker 1: a half percent today's trading Expedia down one point six

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Speaker 1: percent and trip Advisor down four point one so price

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Speaker 1: lines rivals falling as well. Well. You know, it's just

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Speaker 1: always interesting what a difference management can making making a

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Speaker 1: difference for the shares of under Armour today under Armer

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Speaker 1: closing down three dollars and cents to share and fifty

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Speaker 1: one cents after reporter. The two key executives are leaving

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Speaker 1: the company, the chief Digital Officer, Robin Thurston, and the

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Speaker 1: Chief Merchandizing Officer, Henry Stanford. The chief merchandising officer, you

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Speaker 1: may not know this an important position for any apparel

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Speaker 1: and footwear designer. That's the executive that sets the overall

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Speaker 1: aesthetic for the brand. Stanford first joint under arm and

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Speaker 1: lead the company's apparel line, which is by far under

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Speaker 1: Armers largest product category. Earned a lot of promotions before

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Speaker 1: before becoming the merchandizing chief by the year half ago,

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Speaker 1: leaving the company in July and leaving the stock price

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Speaker 1: a little bit lower. Today, Well, I'll just have a

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Speaker 1: little bit about Fitbit because they are releasing their results

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Speaker 1: as the market closes. Fitbit shares now down about four percent.

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Speaker 1: Is coming after the company posted h first quarter revenue

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Speaker 1: of five hundred and five million and they earnings per

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Speaker 1: share of ten cents. They also raise their revenue and

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Speaker 1: their profit guidance for the remainder of the year, the

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Speaker 1: company saying that first quarter adjusted gross margins are more

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Speaker 1: than forty six percent and that they see the fiscal

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Speaker 1: year revenue being between two point five and two point

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Speaker 1: six billion dollars. Right now, shares a Fitbit down about

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Speaker 1: four percent. It is now time for the Volatility and

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Speaker 1: next report, brought to you by CBOE VIX Options and Futures.

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Speaker 1: Volatility can be harnessed with Clevis Options in Futures, so

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Speaker 1: CEE disclosures and learn more at cbo E dot com.

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Speaker 1: Slash powerful outcomes vix vix closing up zero point five

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Speaker 1: at sixteen point one today. Um it has increased even

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Speaker 1: in the last two sessions. His in fact up over

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Speaker 1: the month of April. That was the biggest monthly game

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Speaker 1: of sixteen. All right, Dave, you're up. H Hi, my

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Speaker 1: name is Dave. Just what do you think you're doing?

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Speaker 1: We're four, Dave, Dave Hey. Mr Wilson, tell us what

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Speaker 1: you see when you think of busted I p O S, well,

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Speaker 1: at least formerly busted I p O S. We're talking

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Speaker 1: about a company called Glocos, And if the name sounds

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Speaker 1: a bit familiar, it's a tie into Glaucoma because that's

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Speaker 1: what the company does, that make products and procedures for

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Speaker 1: treating the degenerative eye disease glaucoma. Glaucos went public last June.

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Speaker 1: It's listed under the ticker g k O S. The

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Speaker 1: initial public offerings made at eighteen dollars of share, several

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Speaker 1: as much as eight percent in its first two months

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Speaker 1: of trading. The game didn't last, and Glaucost became a

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Speaker 1: busted I p O in January by falling below its

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Speaker 1: initial price. Now, Glaucost escaped that status last month and

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Speaker 1: left it far behind. Today, after releasing first quarter results,

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Speaker 1: company posted an adjusted profit of three cents to share

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Speaker 1: rather than the loss that analysts expected. Sales beat the

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Speaker 1: average analystsestimate and the Bloomberg survey by twenty three percent,

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Speaker 1: and the company raised its full year revenue forecast. The

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Speaker 1: results sent Glaucost surging twenty four and a half percent

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Speaker 1: today's training. That was the biggest one day game for

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Speaker 1: the stock since its very first day of trading last year.

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Speaker 1: Thank you very much at Dave Wilson Bloomberg Stock's calmnesst.

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Speaker 1: I'll be watching the shares of craft Hinds. They are

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Speaker 1: reporting quarterly earnings of seventy three cents to share compared

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Speaker 1: to average analyst estimates of sixty one cents to share.

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Speaker 1: You're listening to taking Stock on Bloomberg Radio. Bloomber Taking

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Speaker 1: Stock is brought to you by nyc B ask about

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Speaker 1: and mobile banking. Earn more, get more. Visit in y

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Speaker 1: CB family dot com for details