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

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Speaker 1: got gone the radio plus mobil your said Bloomberg Business

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Speaker 1: Flash from Bloomberg World Headquarters, signed Charlie Public, the dal

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Speaker 1: v S and t naztack Hall, advancing on his jobs Friday.

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Speaker 1: It is onto a long holiday weekend, folks from New

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Speaker 1: York Air show ringing that closing bell Stock's edge hire

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Speaker 1: with an earlier rally losing some steam amid underwhelming labor

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Speaker 1: market data that did little to bolster confidence growth will

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Speaker 1: be steady enough to support stronger corporate earnings. Alan Krueger

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Speaker 1: is a professor of economics at Princeton, and he was

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Speaker 1: interviewed today right here on the Bloomberg advantage. This look

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Speaker 1: okay to me. I think we're going to grow about

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Speaker 1: two percent this year. Having the consumer power the recovery,

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Speaker 1: I think that's actually very helpful. Consumers account for seventy

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Speaker 1: percent of the US economy, so seeing households in a

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Speaker 1: stronger physician with higher income with low were at gasline prices,

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Speaker 1: I think that should support the economy. Payrolls grew at

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Speaker 1: a slower but solid pace in August, while measures of

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Speaker 1: labor slack were little changed. The Labor Department said payrolls

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Speaker 1: climbed by a hundred and fifty one thousand last month,

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Speaker 1: following a two hundred seventy five thousand gain in July

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Speaker 1: that was larger than previously estimated. The unemployment rate did

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Speaker 1: hold steady at four point nine percent, so equities climbed today,

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Speaker 1: with the SMP five hundred indecks up nine points to

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Speaker 1: twenty one seventy nine, a gain of four tenths of

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Speaker 1: one percent, the down Jones Industrial Average up seventy two

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Speaker 1: points to eighteen thousand, four hundred ninety one, a gain

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Speaker 1: of four tenths of one percent, and Nasdaq was up

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Speaker 1: twenty two points. Again there are four tenths of one percent.

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Speaker 1: The tenure up nine thirty seconds with the yield of

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Speaker 1: one point six percent. Gold also advancing today, up nine

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Speaker 1: tenths of one percent, up twelve forty thirteen twenty six.

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Speaker 1: Crude oil up two point four percent, up one oh

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Speaker 1: five of barrel West Texas Intermediate crude at forty four

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Speaker 1: twenty two. Brent crude up today by two points six percent.

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Speaker 1: Lulu lemon Athletica shares falling the most in almost nine

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Speaker 1: months after its forecast miss some estimates. Lulu Lemon down

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Speaker 1: ten point six percent. Again, the SMP up nine, a

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Speaker 1: gain of four tenths of one percent four oh two

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Speaker 1: on Wall Street. Now, let's look at other news from

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

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Speaker 1: the Bloomberg Newsroom. I'm Jill Schneider. Russian President Vladimir Putin

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Speaker 1: sat down for a rare and exclusive interview with Bloomberg

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Speaker 1: Editor in chief John michaels Waite. Speaking through an interpreter,

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Speaker 1: Putin refused to take sides in the U s presidential race,

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Speaker 1: in which he's been accused of secretly favoring Donald Trump.

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Speaker 1: We will work with an administration revenue president will win

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Speaker 1: the support of the American people if, of course, they

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Speaker 1: want to cooperate with Russia. Putin also refuted allegations that

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Speaker 1: the Kremlin has interfered with the presidential election. In the US,

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Speaker 1: tropical storm Herman is now moving north, heading for the Carolinas.

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Speaker 1: Emergency workers in Florida are assessing damage from the storm,

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Speaker 1: which was a hurricane when it made landfall there. Governor

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Speaker 1: Rick Scott is underscoring the dangers of lingering standing water

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Speaker 1: because of the threat of Zica is incredibly important that

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Speaker 1: everyone does their part to combat the Zekea virus by

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Speaker 1: dumping standing water, no matter how small. Potential heavy rains

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Speaker 1: from her men over the Labor Day weekend could be

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Speaker 1: a boon for farmers upstate who have been struggling through

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Speaker 1: the drought this summer, more than twenty five years after

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Speaker 1: it started. Officials gathered in Bayo, New Jersey, to celebrate

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Speaker 1: the completion of a two point one billion dollar project

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Speaker 1: to deepen navigation channels in New York Harbor. The project

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Speaker 1: to deepen thirty eight miles of channels to fifty feet

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Speaker 1: started in nine Chicago Mayor Rom Emmanuel's party leader in

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Speaker 1: the Chicago City Council, says the mayor plans to hire

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Speaker 1: hundreds more police officers after the city's deadliest month in decades,

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Speaker 1: But the Mayor's office says it cannot confirm that. Yesterday

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Speaker 1: police announced there were ninety homicides in Chicago during August,

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Speaker 1: making it the most violent single month in the city

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Speaker 1: since August. Global News twenty four hours a day, powered

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Speaker 1: by more than journalists and analysts in more than one countries.

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Speaker 1: I'm soil Snyder. This is Bloomberg Charlie, and we thank

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Speaker 1: you and again recapping an up Friday Jobs Friday with

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Speaker 1: the S and P up nine to sev nine to

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Speaker 1: gain there four tenths of one percent. I'm Charlie Pellett,

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Speaker 1: and that's a Bloomberg business flash. Move around, motion, create promotion,

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Speaker 1: up the elite, move on the move like they do.

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

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

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Speaker 1: They cost a little more about 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: Kathleen As on Bloomberg Radio. Here live with you as

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Speaker 1: tennis open here in Flashing Meadows Corona, Part Queen's a

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Speaker 1: lot of moving and shaking out on the tennis courts,

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Speaker 1: and a lot of moving and shaken in the stock market. Today.

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Speaker 1: Let's jump inside the SNP five hundred. I'd say this

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Speaker 1: day was definitely tilted the upside with three or ninety

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Speaker 1: six gainers, hundred six losers, three unchanged. Dave Wilson is

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Speaker 1: back in Bluebird World headquarters to kick off movers and Shakers.

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Speaker 1: Let's take a look at one of the best performers

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Speaker 1: in the SNP five hundred today, and that would be Biogen.

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Speaker 1: The drug maker's proposed treatment for early Alzheimer's disease, received

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Speaker 1: a fast track designation from US regulators. The status may

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Speaker 1: help accelerate approval in the drug, which is now in

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Speaker 1: final stage trials, and that positive development led to a

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Speaker 1: game for Biogen of two and a half percent in

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Speaker 1: today's training. Well, Dave, I want to take a look

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Speaker 1: at lu lu Lemon. You know how I love retailers

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Speaker 1: of all kinds, and of course I'm ATTHIEWS Open Tennis.

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Speaker 1: Sports is on my mind. But I'll tell you the

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Speaker 1: definitely uh on the market's mind today. Lulu Lemon following

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Speaker 1: the most in nine months. It's forecast missed some estimates,

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Speaker 1: and there's a lot of concern now about slower demand

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Speaker 1: and all this big, big competition. Lulu Lemon share price

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Speaker 1: down ten and a percent of the closed sixty eight

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Speaker 1: dollars and fifty seven cents. Foot Traffic was sluggish last quarter.

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Speaker 1: Maybe people aren't going to the mall as much. Maybe

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Speaker 1: it's that online shopping cutting into their market. Mounting competition

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Speaker 1: not just from the internet, but in the yoga air

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Speaker 1: market Nike, so many other rivals are pushing deeper into

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Speaker 1: the category. John Morris, and analyst over at BMO Capital Market,

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Speaker 1: said weak traffic trends will likely continue to weigh on

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Speaker 1: comparable sales going into the back half. We would have

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Speaker 1: to see traffic improve going into the holiday season before

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Speaker 1: getting more constructive on the stock. Well, since we're talking

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Speaker 1: athletic apparel, why not under Armor. Their chief executive Kevin Plank,

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Speaker 1: who actually founded the company, plans to sell as many

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Speaker 1: as two point one million shares starting in October. Plank

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Speaker 1: answered into a rearranged stock trading plan that will be

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Speaker 1: active for nine months. I mean he'll still have about

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Speaker 1: thirty two million Class C shares of under Armour. These

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Speaker 1: are non voting shares, uh if he completes all the sales. Nonetheless,

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Speaker 1: the idea of Plank backing away from under Armour didn't

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Speaker 1: go over so well. Under Armours Class she C shares

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Speaker 1: and also their voting Class A shares down about three Okay,

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Speaker 1: but I still call it the gap, Dave, it's gap.

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Speaker 1: It's shares of gap down today. In fact that the

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Speaker 1: clothes losing more than two and a half percent to

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Speaker 1: twenty three dollars and nine two cents, and it's just

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Speaker 1: all pretty much on sales. UH. Companies Comparable store sales

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Speaker 1: for August down three percent versus a two percent drop

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Speaker 1: a year ago. UH. If you look at GAP, you

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Speaker 1: kent on break it down a little bit versus GAP

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Speaker 1: in the other parts of the company comps sales down

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Speaker 1: five percent. That compares with the decline of eight percent

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Speaker 1: last year. But in a republic same store sales down

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Speaker 1: ten percent, UH, compared to eleven percent decrease last year.

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Speaker 1: Old Navy comps rose one percent a year ago, though

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Speaker 1: the increase by six percent. Kind of a tough way

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Speaker 1: for for GAP, isn't it? Because they had that big,

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Speaker 1: big fire at their fish Kill distribution center the GAP

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Speaker 1: seeing today they've activated extensive contingency plans designed to help

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Speaker 1: mitigate the overall impact to the business, including leveraging its

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Speaker 1: North American network network of distribution centers and ship from store.

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Speaker 1: Capability is so important because a lot of their online

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Speaker 1: sales come out of fish Kill. Well, let's talk about

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Speaker 1: very assigned barely the best performer in the S and

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Speaker 1: P five hundreds today, but the best nonetheless the Internet Registrar.

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Speaker 1: According to Cowen probably won't face a material adverse outcome,

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Speaker 1: in their words, on a proposed six year extension of

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Speaker 1: a contract will oversee dot com addresses. Cowen threw this

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Speaker 1: conclusion from a letter that the US Justice Department sent

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Speaker 1: to Texas Senator Ted Cruz, who heads a committee that's

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Speaker 1: looking into the potential extension. So the prospect of more

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Speaker 1: business for very assigned sent that stock higher by five

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Speaker 1: point six recent time. Now for the Volatility Index report,

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Speaker 1: brought to you by CBOE VIX Options and Futures. Volatility

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Speaker 1: can be harnessed with CBOE VIX Options and Futures c disclosures.

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Speaker 1: Learn more at CBE dot com Slash Powerful outcomes. VIX Well,

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Speaker 1: quite a drop in volatility today in the VIX uh

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Speaker 1: point and a half to eleven point nine four. This

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Speaker 1: is only its second drop in ten days, and in fact,

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Speaker 1: the VIX is coming off its biggest monthly increase in

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Speaker 1: a year, after surging in late August from its lowest

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Speaker 1: level since all right, Dave, you're hi. My name is Dave.

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

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Speaker 1: for a bankbound wil Dave, Mr Wilson Liberty tax. What happened. Well, well,

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Speaker 1: let's go back to the beginning with this one, Kathleen,

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Speaker 1: I mean companies don't need to make an initial public

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Speaker 1: offering to list their shares. And and company that skipped

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Speaker 1: the sale as Liberty tax whose stocks started trading on

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Speaker 1: nazdak in June twelve. Now Liberty Taxes, headed by John Hewett,

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Speaker 1: who co founded rival Jackson Hewitt after working at industry

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Speaker 1: leader H and R Block, Liberty file for an IP

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Speaker 1: in twenty eleven and then decided against proceeding if the

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Speaker 1: company obtained a listening to make it easier to buy

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Speaker 1: and sell shares. The ticker symbol wasn't obvious choice tax

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Speaker 1: t a X. Liberty Tax has been up and down

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Speaker 1: since going public. The up phase lasted through November, when

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Speaker 1: the stock peakeda director thirty nine dollars and sixty cents.

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Speaker 1: Then came to down phase, in which almost all of

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Speaker 1: the post listing gains were lost. Liberty Taxes low as

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Speaker 1: nine dollars and nine cents reached in May. The stocks

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Speaker 1: attempt at a recovery faltered today after fiscal first quarter

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Speaker 1: results were released. Revenue failed to meet analysts average estamate

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Speaker 1: to Bloomberg, survey. Now, Liberty Tax, like it Peers, doesn't

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Speaker 1: generate a whole lot of revenue at this time of year.

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Speaker 1: Most it comes during tax season, as you might imagine. Nonetheless,

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Speaker 1: Liberty Tax fell as much as nine point two percent

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Speaker 1: today in the wake of its report, before closing with

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Speaker 1: a loss of five point two percent. The decline, even

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Speaker 1: though it was a whole lot smaller, was still the

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Speaker 1: steepest since April. Quick final question, Dave, sentiment, What's gonna

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Speaker 1: happen on Tuesday? What's what's up for the rest of

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Speaker 1: this year? Do you think? Well, at this point, it

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Speaker 1: really is a matter of how does FED policy unfold?

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Speaker 1: How does earnings unfold? And we really won't get a

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Speaker 1: hand on either of those key questions for a few weeks.

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Speaker 1: Of course, we have the FED Policy Meeting coming up

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Speaker 1: later this month, and then it's gonna be another month

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Speaker 1: or so before we start getting any kind of earnings

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Speaker 1: reports or much in the way of guidance for the SMP.

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Speaker 1: Only a couple of companies reporting next week, alright, but

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Speaker 1: you'll be there, That's all we need. Dave Wilson, our

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Speaker 1: Stocks editor. I'm Kathleen Hayes, and this is Bloomberg the

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Speaker 1: Tennis Channel. One of our first guests on the show

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Speaker 1: todays that it has been so much headed up by

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Speaker 1: Ken Solomon, CEO and Chairman of the board to bring

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Speaker 1: tennis to the masses, increased interest in the sport. Coming

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Speaker 1: up now on Bloomberg Radio