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Speaker 1: Bloomboo Business News twenty four hours a day. If Bloomberg

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Speaker 1: dot Com the radio plus mobile and on your radio.

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Speaker 1: This is a Bloomberg business from Bloomberg World Headquarters. I'm Charlie.

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Speaker 1: Tell there you have its sound of the closing town

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Speaker 1: of the New York Stock Exchange. As we wrap up

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Speaker 1: trading on this Thursday, July seventh, ahead of the jobs

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Speaker 1: report tomorrow. We are brought to you by Sector Spider

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Speaker 1: et F s Y by a single stock. When you

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Speaker 1: can invest in the entire sector, visits Sector s p

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Speaker 1: d rs dot Com or call Sector e t F

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Speaker 1: stocks did pair losses in the end of a down

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Speaker 1: day for both the SMP five hundred index and the

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Speaker 1: down Jones Industrial average. The down dropped twenty five points,

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Speaker 1: down point one percent. SMP five hundred index down two points.

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Speaker 1: Nastack an update, They're up seventeen points and advance of

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Speaker 1: four tenths of one percent. Crude oil just about forty

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Speaker 1: five dollars of barrel forty twenty one right now. It

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Speaker 1: fell two twenty two today. West Texas Intermediate down four

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Speaker 1: point seven percent, Bent down almost five percent, Gold down

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Speaker 1: five tenths of one percent. Russ Costridge's head of black

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Speaker 1: Rock's head of asset allocation. He was interviewed minutes ago

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Speaker 1: right here on taking stock. Is there enough pressure in

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Speaker 1: the domestic economy to give the said conviction that even

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Speaker 1: if things do become a bit unstable in Europe, the

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Speaker 1: US economy is going to be all right. And it's

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Speaker 1: worth remembering the last labor market report we had was

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Speaker 1: disappointing and suggested maybe some of the momentum is coming

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Speaker 1: out of the US economy. Maybe it's coming out of

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Speaker 1: the US labor market. And in that context, I don't

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Speaker 1: think the Said feels the need to rush. And I

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Speaker 1: Red Jersey, as senior client portfolio manager at Oppenheimer, also

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Speaker 1: interviewed right here on taking stock. We have to keep

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Speaker 1: in mind, like one of the other aspects of all

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Speaker 1: of this is yes, it's true that the Said might

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Speaker 1: not hike, but even if the FED were to hike

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Speaker 1: once this year and a couple of times next year um,

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Speaker 1: that wouldn't necessarily impact the ten year treasury that much.

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Speaker 1: That really is going to impact two year treasuries, which

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Speaker 1: right now of more or less priced out hikes for

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Speaker 1: the almost the next year and a hand and the

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Speaker 1: tenure right now down five thirty seconds, looking at a

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Speaker 1: yield there of one point three eight percent four oh

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Speaker 1: two on Wall Street. Now, let's take a look at

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Speaker 1: other news from around the world. Bom Bloomberg Radio. Thank you,

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Speaker 1: Charlie from the Bloomberg News Room. I'm Ramy in essentio.

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Speaker 1: Barney Sanders will reportedly endorse Hillary Clinton on Tuesday, citing

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Speaker 1: three Democrats that have been involved in the planning. The

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Speaker 1: New York Times reports that it will come during a

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Speaker 1: campaign event in New Hampshire. In an interview with Bloomberg's

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Speaker 1: Albert R. Hunt for PBS is Charlie Rose program, Sanders

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Speaker 1: called Donald Trump quote a pathological liar. FBI Director James

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Speaker 1: Comby faced hours of questioning on Capitol Hill today about

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Speaker 1: the investigation. It's a Hillary Clinton's private email server. Al

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Speaker 1: Republicans want to know why he recommended no charges against Clinton,

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Speaker 1: even though he admitted she was careless with classified information.

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Speaker 1: Democratic Congressman Elijah Cummings pressed Comy for information. There is

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Speaker 1: a procede gap between the things you said on Tuesday

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Speaker 1: and your recommendation. There's a gap. Mr Director, So in

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Speaker 1: this moment, and this is a critical moment, I beg

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Speaker 1: you to fill the gap called me maintains there is

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Speaker 1: no evidence that the former Secretary of State lied to

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Speaker 1: the FBI. President Obama says the deadly shootings by police

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Speaker 1: officers in Louisiana and Minnesota are not isolated incidents. He

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Speaker 1: says the US has quote a serious problem. Mr Obama

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Speaker 1: said all Americans should be deeply troubled and Long Island

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Speaker 1: Town has filed a fifty million dollar federal lawsuit against

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Speaker 1: the Navy, Northrop Grumman, and other groups over groundwater contamination

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Speaker 1: that forced the closure of water wells. Newsday reports the

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Speaker 1: town of Hempstead accuses the group of negligence that led

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Speaker 1: to contaminated water supplies in the Levittown Water District. Globe

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Speaker 1: blues twenty four hours a day, powered by more than

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Speaker 1: journalists and analysts in more than one d twenty countries

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Speaker 1: from the Bloomberg news room. I'm Ramy in essentio, Charlie,

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Speaker 1: and we thank you and again recapping stocks lower s

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Speaker 1: and P five hundred index down to point to two

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Speaker 1: thousand ninety seven, a drop of point one percent. I'm

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Speaker 1: Charlie Pollett. That's a Bloomberg Business Flash move around motion

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Speaker 1: creates promotion adally. Move you moved like they do. I've

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Speaker 1: never seen anyone move that back. Five peoplet's move like

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

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

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Speaker 1: Bloomberg taking Stocks Movers and Shakers with Pimp Box and

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Speaker 1: Kathleen As on Bloomberg Radio. Movers and Shakers for Thursday, July.

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Speaker 1: The seven twenty and sixteen, two and sixty five issues

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Speaker 1: advance in the SMP five hundred, two hundred and thirty

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Speaker 1: one decline and nine remain unchanged. Dave Wilson, bloom Work

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Speaker 1: Stocks Commons joints US now to begin our movers and shakers. Dave,

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Speaker 1: you know, it's been a year since Humanity agreed to

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Speaker 1: buy Etna in what's now a thirty seven billion dollar deal,

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Speaker 1: and at this point, I mean, there seems to be

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Speaker 1: a whole lot of skepticism that the transaction will ever

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Speaker 1: be completed. This comes up because people familiar with the

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Speaker 1: matter said Etna is preparing to meet with top US

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Speaker 1: Justice Department officials tomorrow as it seeks to win anti

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Speaker 1: trust approval, and uh, it's the top level gathering that

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Speaker 1: signals the review of this deal is entering what might

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Speaker 1: be called a make or break stage. Well, you certainly

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Speaker 1: saw humanaged shares get broken in today's trading. It's down

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Speaker 1: nine point six percent, biggest drop for the stock in

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Speaker 1: almost four years. And EDNA as well, down about four percent.

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Speaker 1: You're talking about two of the three biggest losses on

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Speaker 1: the day in the sp Well, I want to take

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Speaker 1: a look at PepsiCo. PepsiCo up the clothes by about

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Speaker 1: one and a half percent a hundred seven dollars and

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Speaker 1: change a share. It surged after second quarter profit beat

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Speaker 1: analysts estimates, and the company boosted its full year forecast.

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Speaker 1: Rising sales of snacks and soft drinks in North America

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Speaker 1: big part of it. FEO lays Pepsy excuse me, Pepsi's

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Speaker 1: freely North American unit three point two percent to three

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Speaker 1: point five six billion dollars. The company said it's propelled

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Speaker 1: enhanced water brand and naked cold pressed juices helped results,

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Speaker 1: along with new organic varieties of tostitos chips. And in fact,

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Speaker 1: when we spoke earlier today to Joe Agnes from SMP

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Speaker 1: Global Market Intelligence, he said, yes, that's one of the

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Speaker 1: reasons why he's racist parts target. They're moving into some

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Speaker 1: of these products that are more popular with consumers, or

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Speaker 1: organic less sugar, and that's helping them. Well, how do

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Speaker 1: you make the shares of Chipotle decline? Well, it has

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Speaker 1: to do with a tweet by the author of the

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Speaker 1: Jason Bourne series, Eric van lust Bead, indicating that eating

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Speaker 1: at a Manhattan based location resulted in the hospitalization of

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Speaker 1: his editor. But of course the jitters continue for Chappotle Mexican.

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Speaker 1: No out, no word on any other illnesses in any

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Speaker 1: of the other New York restaurants. Chapulte Mexican says it

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Speaker 1: has an excellent health department scores throughout the city. Nevertheless,

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Speaker 1: the shares of chapult A Mexican grilled down two and

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Speaker 1: a half percent. You know, I mentioned two of the

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Speaker 1: day's three biggest losses in the SPA, so might as

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Speaker 1: well talk about the third one and actually the biggest

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Speaker 1: one on today, and that would be First Solar. They

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Speaker 1: make solar equipment, they build power plants, and Deutsche Bank

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Speaker 1: decided to cut its rating on the stock to hole

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Speaker 1: from by today and cut its twelve month price estimate

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Speaker 1: all the way down to forty four dollars from eighty dollars,

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Speaker 1: so you're talking about a drop of forty Among other things,

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Speaker 1: analysts for shal S Shaw writing a report he's concerned

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Speaker 1: that increased competition is driving down prices and order growth

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Speaker 1: is slowing. Put that all together, you got First Solar

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Speaker 1: shares down nine eight percent on the day. Quick look

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Speaker 1: at Costco now up nearly five percent to close a

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Speaker 1: hundred sixty or three dollars and seventy cents that share.

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Speaker 1: It's a simple old better than expected June sales UH

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Speaker 1: comparable store sales were flat mask last month. They beat

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Speaker 1: expectations for a one and a half percent drop, so

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Speaker 1: that was certainly good enough for the likes of UBS analysts,

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Speaker 1: who said this type of performance warrants a premium valuation

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Speaker 1: in our review. As Costco is transitioning its loyalty credit

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Speaker 1: card to Visa from American Express, should also result in

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Speaker 1: a pickup in spend and membership as private label credit

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Speaker 1: card customers take advantage of the new car. It's quote

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Speaker 1: more attractive reward structure. According to u BSPM, I'm gonna

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Speaker 1: stick with retail for just a moment. L Brands the

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Speaker 1: stock down one and a half percent. L Brands saying

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Speaker 1: that June merchandise margins were down significantly year over year.

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Speaker 1: They were below estimates, driven mainly by clearance sales. At

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Speaker 1: the Victoria's Secrets of Stores, inventory per square foot was

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Speaker 1: up twelve percent versus last year, and it continued to

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Speaker 1: expect inventory up in the mid single digit range. June

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Speaker 1: comps were positively affected because of the Memorial Day in

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Speaker 1: fourth of July holidays, but margins significantly lower and the

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Speaker 1: shares lower. L brands down one and a half percent.

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Speaker 1: Now time for the Volatility Index apart brought to you

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Speaker 1: by CBOA VIX Options and futures. Volatility can be harnessed

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Speaker 1: with CBOE VIX options in future c disclosers. Learn more

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Speaker 1: at cbo e dot com. Slash Powerful outcomes VIX well

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Speaker 1: less than powerful outcome for the VIX today down zero

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Speaker 1: point seven points to fourteen point eight line. At the close,

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Speaker 1: it was heading up as much as three point two percent.

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Speaker 1: It would have reversed, uh been reversing direction after heading

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Speaker 1: earlier toward a one month low. Well guess what reversed again?

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Speaker 1: And that's how it ended, all right, Dave, you're up, Hi,

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

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Speaker 1: doing today? We're going for the price will do to

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Speaker 1: Dave Dave Hey, Mr Wilson, go ahead, be energized about

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Speaker 1: your stock of the day, and that would be energized

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Speaker 1: or holding is a company you can call a spinoff

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Speaker 1: of a spinoff. Back in two thousand, the battery maker

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Speaker 1: gained independence for Roston Purina. Last year, the company was

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Speaker 1: separated from its household product business, which was renamed edge

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Speaker 1: Well Personal Care. Energizer shares for under the ticker e

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Speaker 1: n R. They're up and down the first seven months

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Speaker 1: or so postman off trading. Since then, they behaved like

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Speaker 1: the company's namesake Bunny. They've kept going and going and

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Speaker 1: owing up. On Monday, Energizers traded a record fifty three

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Speaker 1: dollars and forty one since, which brought the stocks gain

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Speaker 1: since the breakup to fifty seven percent. Today, Energizer couldn't

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Speaker 1: keep going. The stock retreated after Jefferis cuts rating the

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Speaker 1: hole from by and Alice. Kevin Grundy wrote in a

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Speaker 1: report that the shares look fully valued. Grundy also cited

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Speaker 1: pressure on Energizer's newly acquired air freshener maker handstands. The

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Speaker 1: company was brought for three forty million dollars in a

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Speaker 1: deal completed last week. Uh Energizer fell as much as

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Speaker 1: six point six percent in the wake of Jeffrey's rating cut.

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Speaker 1: That said stock made back some of those losses in

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Speaker 1: afternoon trading and closed the day with a loss only

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Speaker 1: about half as much. That would be three point four percent.

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Speaker 1: Dave Wilson, thank you so much on Energizer holdings his

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Speaker 1: stock of the day on Caffeine Hayes along with pim Fox.

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Speaker 1: This is taking stock and this is boom work. Yeah,

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Speaker 1: coming up on taking stock. Projected sales of bottled cold

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Speaker 1: pressed juices exceed four hundred million dollars. But we've got

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Speaker 1: a dirty little truth about cold pressed juice. Next