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

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Speaker 1: dot Com so Radio plus Global left on your radio,

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Speaker 1: this is a Bloomberg business block sorro on Bloomberg World Headquarters.

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Speaker 1: I'm Charlie Pelina, move lar for stocks, folks from Chick

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Speaker 1: Tech ringing that closing battle to the stock exchange. The

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Speaker 1: SMP five hundred index down two points to holding close

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Speaker 1: to a record. That is a drop of one tenth

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Speaker 1: of one percent. Bloomberg taking stock brought to you by

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Speaker 1: Sector Spider et F S. Why by a single stock

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Speaker 1: when you can invest in the entire sector. Visit sector

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Speaker 1: sp d r s dot com or call one eight

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Speaker 1: six six. Sector e t F indexes holding close to

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Speaker 1: a record amid gains in oil and the dollar. Crude

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Speaker 1: oil up today by two and a half percent, picking

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Speaker 1: up one oh five to forty two eighty five a

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Speaker 1: barrel In the SMP five hundred index. Seven out of

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Speaker 1: ten industry groups negative today, lead lower by healthcare. Walmart

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Speaker 1: buying e commerce startup Jet dot Com for about three

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Speaker 1: point three billion dollars, giving the world's largest retailer the

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Speaker 1: resources for a stronger dollar, stronger shopping website. I should

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Speaker 1: say to compete with market leader Amazon dot Com. Reaction

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Speaker 1: to the deal from Satische Jendle, the president of s

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Speaker 1: J Consulting, who put it like this. In my view,

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Speaker 1: I am absolutely shocked that the board and the CEO

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Speaker 1: are falling for this. Buying Jet dot Com is nova

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Speaker 1: going to help them compete with Amazon. It is almost

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Speaker 1: insulting to think that Jet dot Com can compete because

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Speaker 1: Jet dot Com is like a baby going up against

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Speaker 1: pimp Fox. Amazon up by one tenth of one percent,

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Speaker 1: Walmart was down six tenths of one per cent. Steinhoff

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Speaker 1: International Holdings European acquisition spree sweeping across the Atlantic as

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Speaker 1: the South African retailer agrees to buy Mattress Firm Holding

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Speaker 1: for about two point four billion dollars, sending the American

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Speaker 1: companies shares soaring. Mattress Firm up today by one hundred

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Speaker 1: fourteen percent of thirty four oh one to sixty three

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Speaker 1: seventy five four oh two on Wall Street. Now, let's

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Speaker 1: look at the other stories making news. Charlie, thank you

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Speaker 1: from the Bloomberg News roumain Mark Crumpton. A new poll

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Speaker 1: out today from Mammouth University shows Democratic presidential nominee Hillary

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Speaker 1: Clinton backed by forty six percent of registered voters versus

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Speaker 1: thirty four percent for Republican presidential nominee Donald Trump. The

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Speaker 1: previous poll taken before the party conventions, at Clinton leading

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Speaker 1: forty three percent to forty percent. Pakistan's military says it's

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Speaker 1: determined to track down any other people who were involved

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Speaker 1: into suicide bombing at a government run hospital today that

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Speaker 1: killed at least seventy people and wounded about a hundred more.

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Speaker 1: Witnesses described to horrifying scene, a body scattered about and

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Speaker 1: the wounded ying out for help. Sandals at the victim's

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Speaker 1: littering a bloody street. The relatives of one victim cried

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Speaker 1: and screamed out as they left the hospital. It is

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Speaker 1: an angry chat of down with the government and leave

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Speaker 1: Nala's leave, referring to Pakistani Prime Minister Nahla Sharif. A

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Speaker 1: breakaway Taliban faction claimed responsibility for the bombing in arrest

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Speaker 1: of southwestern province that struggled for years with separatist insurgencies.

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Speaker 1: Bob Moon, Bloomberg Radio. Nearly percent of US adults say

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Speaker 1: they smoked marijuana, according to a new Gallop Pole that's

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Speaker 1: an increase of nearly fifty percent from three years ago.

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Speaker 1: This November, five states are voting on whether to legalize

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Speaker 1: pot for recreational use. Staten Island fire officials are searching

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Speaker 1: for the person or persons who burned a twelve foot

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Speaker 1: wooden letter T for Trump that a resident had commissioned

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Speaker 1: for his lawn in honor of the Republican presidential nominee.

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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 analysts 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: we thank you, and again recapping and moved. Laura for

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Speaker 1: Equities SMP Laurel little change down two points, holding close

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Speaker 1: to a record. The down down fourteen a drop of

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Speaker 1: point one percent, gold down two tenths of one percent,

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Speaker 1: gold down three dollars an ounce to thirteen thirty six.

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Speaker 1: This headline from Lending club saying it's CFO Carrie Dolan

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Speaker 1: is stepping down. I'm Charlie Pellett and that's a Bloomberg

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Speaker 1: business flash. Move around. Motion creates promotion. I feel moved,

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

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Speaker 1: back hard Peoplet's move luck to get a purpose that

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Speaker 1: he was called movers and shakers. They cost a little more.

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Speaker 1: That name cracked me up. Bloom Taking Stock Movers and

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Speaker 1: Shakers with Bim Vons and Kathleen May's on Bloomberg Radio

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Speaker 1: Movers and Shakers for Monday, August The eight twenty sixteen

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Speaker 1: two hundred and thirteen issues gain in the SMP five hundred,

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Speaker 1: two hundred and eighties, six decline and six are unchanged.

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Speaker 1: Dave Wilson, Bloomberg Stocks Commas joins me now to begin

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Speaker 1: our Movers and Shakers. Dave follow up on something Charlie

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Speaker 1: Pelle just mentioned. The chief financial officer of Lending Club, Yeah,

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Speaker 1: Carrie Dolan. She was just about a week and a

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Speaker 1: half away from her sixth anniversary at the company, which

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Speaker 1: means she was there well before their initial public offering

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Speaker 1: back in December. Uh. Now, as you may recall that

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Speaker 1: their founder, Renault la Plange resigned three months ago, they've

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Speaker 1: had issues in terms of shoring up demand for loans.

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Speaker 1: Last week we reported the Lending clubs and talks with

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Speaker 1: Western Nasset Management UNITAL like Mason about providing icon financing. Well,

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Speaker 1: now we have this executive departure and lending club shares

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Speaker 1: took a bit of a hit. They were down eight

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Speaker 1: percent a few moments ago. Now it's uh more like

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Speaker 1: a loss of four percent, so coming back a bit. Nonetheless,

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Speaker 1: that departure getting investors attention. Shares of Dean Foods declining.

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Speaker 1: The dairy giant cutting prices on private label products that

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Speaker 1: make up much of their milk and ice cream sales.

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Speaker 1: They've been struggling to sell this glut in the second quarter.

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Speaker 1: They cut prices and as a result the stock falling

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Speaker 1: more than three and a half percent today. Even though

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Speaker 1: consumers are paying less, they didn't actually buy more milk.

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Speaker 1: That contributed to what Dean Foods has said is an

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Speaker 1: eight point to annual drop in second quarter revenue this year.

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Speaker 1: Uh they're based in Dallas. They sold less milk because

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Speaker 1: it diverted more supply to higher margin, higher priced branded

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Speaker 1: lines such as dairy pure milk products. So once again

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Speaker 1: DF Dan of Foods today down about three and a

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Speaker 1: half percent. I want to mention Allegant, it's one of

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Speaker 1: only two companies in the SMP five reported before the

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Speaker 1: opening bell. The other Tyson Foods and UH certainly Allergant

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Speaker 1: had the bigger move among those two companies, and it's

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Speaker 1: disappointment with revenue coming up short of analyst average estimate

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Speaker 1: in Bloomberg survey. UH, they lowered their full year revenue

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Speaker 1: forecast by about thirteen percent. UH. You know there there's

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Speaker 1: an issue with one of their biggest sellers on Amenda

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Speaker 1: i R. This is a drug you used for knee pain. Well,

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Speaker 1: it came off patent protection and as a result of

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Speaker 1: the sales of that drug in the latest quarter town

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Speaker 1: percent from a year ago. So that'll definitely get your attention.

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Speaker 1: And ALLGHAN shares down two point two percent in today's training.

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Speaker 1: I'm gonna tell you about Delta. Delta Airlines UH shares

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Speaker 1: down about a half a percent today. But this comes

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Speaker 1: to twelve hours after that power outage. It knocked out

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Speaker 1: its computer systems worldwide. They're still struggling to resume normal

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Speaker 1: operations and clear the backlog of passengers that have been

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Speaker 1: stranded by the canceled flights. UH. Delta has said that

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Speaker 1: it canceled more than four dred and fifty flights today.

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Speaker 1: UH and independent third party also counted about two thousand

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Speaker 1: delayed of flights. That's about one third of Delta's entire

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Speaker 1: schedule once again. Shares of Delta Airlines down a half percent.

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Speaker 1: A Leer Medical Testing Devices in Abbit Labs agreed to

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Speaker 1: buy them sometime back for five point eight billion dollars,

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Speaker 1: and since then there's been a tussle between the companies,

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Speaker 1: in part because of accounting issues. Well, A Leer finally

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Speaker 1: came out with its results for last year's fourth quarter

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Speaker 1: and for all those were filed. The company went back

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Speaker 1: and revised results for the previous two years, so and

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Speaker 1: twenty fourteen. The fight with the Abbot goes on no

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Speaker 1: immediate resolution there. Nonetheless, having those results out good news.

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Speaker 1: Rap A Layers shareholders a stock up two point percent

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Speaker 1: on the day. Let me just quickly tell you about Southby's.

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Speaker 1: Southby's rallying the most in more than four years, second

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Speaker 1: quarter results, second quarter profit rising more than thirty percent,

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Speaker 1: mainly because of sharp declines in expenses at the auction

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Speaker 1: house UH Shares of Southby bid b i D the

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Speaker 1: symbol up more than thirteen percent today, a gain of

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Speaker 1: more than three three and a half dollars to share.

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Speaker 1: Thirty six dollars lower expenses better margins made up for

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Speaker 1: a sixteen percent drop in net auction sales. It's time

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Speaker 1: now for the Volatility Index Report. It's a brought to

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Speaker 1: you a by cbo E VIX Options and Futures. Volatility

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Speaker 1: can be harnessed with cbo ViXS Options and Futures c disclosures.

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Speaker 1: Learn more at cbo E dot com Slash Powerful Outcomes VIX.

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Speaker 1: The VIX hired today. It was up one point four percent,

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Speaker 1: a gain of zero point one six, settling at eleven

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Speaker 1: point five five. And just a note that investors have

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Speaker 1: poured more than two billion dollars into volatility funds during

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Speaker 1: the first half of the year. That's triple the amount

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Speaker 1: they did twelve months earlier. All Right, Dave, you're uh hi,

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

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Speaker 1: We're going for the price down, Dave, Dave Hey, Mr Wilson.

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Speaker 1: Tell us about Boise Cascade. Well, they've been around since

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Speaker 1: nineteen fifty seven, when the company was created through a

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Speaker 1: merger the wood products maker, though, has had a much

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Speaker 1: shorter stick in the stock market. Just three and a

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Speaker 1: half years, Boise Cascade taken public by the private equity

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Speaker 1: for Madison Dearborn uh IT shares trading under the ticker

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Speaker 1: BCC They were first sold at twenty one dollars each,

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Speaker 1: and in January, Boise Cascade fell below the initial price

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Speaker 1: for the first time. In February, the shares dropped as

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Speaker 1: lowest thirteen eighty in response with disappointing Armies report, while

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Speaker 1: Boise Cascade later rallied back above twenty one dollars. The

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Speaker 1: shares had another set back today. BMO Capital Markets Loader's

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Speaker 1: ready to equivalent a hole from By in a report

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Speaker 1: and it's Mark wild sided growing competition in plywood from

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Speaker 1: Brazil and what he called jostling along us makers of

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Speaker 1: composite wood products. Now, data compiled by Bloomberg shows Boyd

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Speaker 1: Cascade is only covered by four analysts and now they're

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Speaker 1: evenly split between by and hold ratings. So BMOS cut

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Speaker 1: got people's attention and Boise Cascade shares closing with the

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Speaker 1: loss of five points six percent. Thank you very much,

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Speaker 1: Dave Wilson, Bloomberg Stocks, Thomas Go ahead send Dave an

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Speaker 1: email at d Wilson at Bloomberg dot net and sign

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Speaker 1: up for his free daily email newsletter to make you

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Speaker 1: a smarter investor. You're listening to taking Stockheim pim Fox.

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Speaker 1: This is Bloomberg Bloomberg. Taking stock has brought to you

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Speaker 1: by land Rover. When towers seem like trees and roads

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