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

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Speaker 1: dot com the radio plus globile. This is a Bloomberg

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Speaker 1: business pluck from Bloomberg World Headquarters. I'm Charlie Pellis, Folks

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Speaker 1: from the group Europe ringing that closing bell. The Dow higher,

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Speaker 1: SMP five hundred indext little changed, NASDAK also advancing. So

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Speaker 1: the Dow rebounds from a one hundred five point loss

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Speaker 1: ahead of tomorrow's jobs report. The DAL picking up sixteen

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Speaker 1: points to eighteen thousand, four hundred seventeen, a gain of

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Speaker 1: one tenth of one percent. SMP five hundred index down

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Speaker 1: less than half a point one seventy little changed again.

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Speaker 1: We've got nastack up fourteen points to fifty two twenty seven,

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Speaker 1: a gain of three tenths of one percent. Treasuries climbed,

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Speaker 1: the dollar fell as unexpected malaise in American manufacturing had

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Speaker 1: traders trimming wagers. The Federal Reserve will boost interest rates

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Speaker 1: this month. Built Stone as chief investment strategist a PMC

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Speaker 1: Asset Management Group, and he was interviewed right here on

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Speaker 1: taking stock. If you get a bad number on Friday,

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Speaker 1: it doesn't necessarily mean the economies falling apart. But what

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Speaker 1: it does mean is pretty much take September hike off

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Speaker 1: the table for the FED, and maybe that just makes

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Speaker 1: people feel okay that you're only gonna get Let's assume

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Speaker 1: things kind of continue moving on in a decent pace

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Speaker 1: and you get that December hike, and that's it. The

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Speaker 1: tenure of five thirty second zeal there one point five six,

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Speaker 1: of course, complete coverage on the job's number eight thirty am,

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Speaker 1: Wall Street time tomorrow. Large automakers missed Antalis estimates for

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Speaker 1: US vehicle sales in August, increasing the odds that industry

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Speaker 1: wide sales will not extend a streak of annual sales.

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Speaker 1: Gains Ford and GM sold fewer discounted models to fleet buyers,

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Speaker 1: while pickups and suv is important because of their high

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Speaker 1: profit margins experienced a rare decline Fia Chrysler trail prediction.

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Speaker 1: The news was no better for Toyota, Nissan, and Honda,

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Speaker 1: all with steeper than projected declines. Crude oil down two

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Speaker 1: point six percent, dropping a dollar eighteen of barrel to

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Speaker 1: fortify three gold up by a gain of four tenths

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Speaker 1: of one percent four oh two on Wall Street. Now,

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Speaker 1: let's take a look at other news. Charlie. Thank you

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Speaker 1: from the Bloomberg news Room by Mark Crumpton. Republican presidential

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Speaker 1: nominee Donald Trump is on the campaign trail in Ohio.

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Speaker 1: He told a veterans group in Cincinnati He'll bring jobs

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Speaker 1: back to the state. I'm fighting for the forgotten men

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Speaker 1: and women of America. Forgotten. Believe me, forgotten. I am

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Speaker 1: your voice. Democratic vice presidential nominee Senator Tim Caine is

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Speaker 1: defending Hillary Clinton's stance on immigration, saying her plan is comprehensive,

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Speaker 1: that includes um basically support for Dreamers, that includes support

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Speaker 1: for employers, that includes a path for hard working people

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Speaker 1: to earn the ability to stay here as citizens over

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Speaker 1: many years, and also boarder security. Those are the key

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Speaker 1: pillars of the plan. Kane also criticized Donald Trump's trip

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Speaker 1: to Mexico, calling it a diplomatic embarrassment. Another setback for

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Speaker 1: a private space program, a SpaceX rockets set to carry

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Speaker 1: an Israeli communication satellite into orbit exploded this morning during

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Speaker 1: a test firing at Cape Canaveral. Bryan Pertel was a

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Speaker 1: spokesman for the Space WIN. There was a significant explosion

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Speaker 1: on Pad forty, which is one of our launch pads

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Speaker 1: at the Cape, and our emergency management teams are continuing

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Speaker 1: to respond, to evacuate the Cape and to contain the

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Speaker 1: results of this explosion. SpaceX says that no one was

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Speaker 1: injured in this morning's blast. Global News twenty four hours

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Speaker 1: a day, powered by more than twenty hundred journalists and

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Speaker 1: analysts in over one hundred twenty countries. I'm more Crompton.

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Speaker 1: This is Bloomberg, Charlie, and we thank you. What again?

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Speaker 1: Recapping S and P five hundred index unchanged seventy, the

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Speaker 1: Dow up eighteen, a gain of one tenth of one percent,

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Speaker 1: and as that climbed three tenths of one percent. I'm

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Speaker 1: Charlie Palaton. That's a Bloomberg business flash. Move around. Motion

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Speaker 1: creates emotion. I fear move you 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 like you've got a purpose. Something'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 stock movers and Shakers with Pim Fox and

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Speaker 1: Kathleen As on Bloomberg Radio Live at the US Open

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Speaker 1: in Fleshy Mintow, Corona Park, Queens but gotta keep your

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Speaker 1: eye on the stock market, especially one day ahead of

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Speaker 1: that big job support tomorrow, that the reserve bets will

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Speaker 1: be certainly affected by that. We don't have to bet

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Speaker 1: on what happened to market today because we know now.

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Speaker 1: I'd say it fairly evenly divided day. We had two

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Speaker 1: hundred sixty eight losers if you look inside the SMP

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Speaker 1: five D two or thirty one gainers. Six companies whose

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Speaker 1: share chair prices closed unchanged. Uh. Dave Wilson is back

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Speaker 1: our stocks editor to kick off movers and shakers. Yea,

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Speaker 1: let's start with Tesla Motors, the electric carmaker run by

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Speaker 1: billionaire Elon Musk. We found out the Tesla plans to

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Speaker 1: raise more money by year end and may do so

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Speaker 1: by selling shares or bonds. That was disclosing of filing

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Speaker 1: by Musk rooftop solar company Solar City, which Tasla plans

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Speaker 1: to buy for two point two billion dollars in stock.

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Speaker 1: The disclosure did not go over well with investors Tesla

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Speaker 1: with the loss the five point three percent in today's trading,

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Speaker 1: Solar City being hit even harder. That's stock down nine. Well,

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Speaker 1: I want to take a look at Campbell's Campbell's Soup

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Speaker 1: a down day today. Uh. The hundred fifty year old

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Speaker 1: canned food company is trying to go fresh and it's

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Speaker 1: not going very well. The stock lower on a disappointing forecast.

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Speaker 1: The earnings for share forecast now three dollars to three

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Speaker 1: dollars and nine cents versus three three dollars and fifteen cents.

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Speaker 1: It's been hurt by product recalls. Also a poor carrot

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Speaker 1: harvest at Bold House Foods. That's the one point five billion,

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Speaker 1: billion billion dollar Accs acquisition it made recently. Um some

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Speaker 1: drought in California, which is its main growing region. It's amazing,

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Speaker 1: Dave of how much a bad carrot harvest can hurt you.

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Speaker 1: But if you're a company like Campbell Soup, you can

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Speaker 1: lead to your share price following by about sixtent in

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Speaker 1: a single day. It's all about raw material price is

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Speaker 1: in the end. Let's take a look at Diamond Offshore Drilling. Now,

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Speaker 1: this company h was hurt. Brazil's state run oil producer

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Speaker 1: Petro Brack canceled a rig contract two years ahead of schedule.

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Speaker 1: The move will cost Diamond Offshore about three hundred and

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Speaker 1: sixty million dollars in revenue through October when the contract

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Speaker 1: was originally scheduled to expire. Well Diamond off Shore Drilling

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Speaker 1: with a loss of ten point six percent today's trading,

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Speaker 1: and that was the biggest drop by far in the

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Speaker 1: S and P five, even bigger than Campbell, which had

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Speaker 1: the second largest decline. So now how about a look

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Speaker 1: at Las Vegas Sands. Uh it rose today a nice

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Speaker 1: jump of more than seven per cent after gaming revenue

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Speaker 1: grew in Macau, that's China's big gambling hub. That uh

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Speaker 1: gambling gaming revenue rose in August for the first time

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Speaker 1: in twent six months, both pros gaming revenue of one

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Speaker 1: point one percent to two point four billion. Uh it

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Speaker 1: was down four and a half percent in July. So

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Speaker 1: this has been a big boost to Las Vegas Ands

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Speaker 1: and some of the other gaming companies to day, Dave

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Speaker 1: absolutely as far as those other gaming companies, go MGM

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Speaker 1: Resorts of three point two percent when resorts up four

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Speaker 1: point three percent and Malco Crown of seven point four

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Speaker 1: percent in US trading. Let me mention cost call wholesale briefly.

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Speaker 1: The warehouse club chain came out with August sales figures

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Speaker 1: and turned out sales at stores open more than a

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Speaker 1: year where unchanged last month, and Alice, we're looking for

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Speaker 1: a one points per three percent increase on average, and

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Speaker 1: when they didn't get it, well, Costco share suffered as

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Speaker 1: a result. That's stocked down three point six percent today. Well,

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Speaker 1: let's take a look now at the Volatility Index report,

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Speaker 1: Learn more at cbo E dot com. Slash Powerful Outcomes, Vix, Well,

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Speaker 1: the VIX moved edge Tire, I should say today closing

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Speaker 1: up point o eight to thirteen point five. You know,

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Speaker 1: is it a market low? Recently on August nineteen, It's

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Speaker 1: risen eight of the last nine sessions. It's capping its

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Speaker 1: biggest weekly games so far in a year. Alright, Dave,

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Speaker 1: you're a h Hi, my name is Dave. Just what

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Speaker 1: do you think you're doing? Day? Mr Wilson. Your stock

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Speaker 1: of the day always bargain outlet. That's it. I mean

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Speaker 1: all these bargain outlet holdings is a close out retailer

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Speaker 1: that says itsels good stuff cheap. That's their slogan Comedy

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Speaker 1: is name for co founder Oliver Rosenberg, who, as you

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Speaker 1: might expect, was known as Ali. He and three other

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Speaker 1: business began with a Pennsylvania store in two and today

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Speaker 1: the company has two twenty locations across nineteen states in

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Speaker 1: the eastern US. Always went public in July of last

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Speaker 1: year at sixteen dollars a share. While the stocks sleep

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Speaker 1: below that price within weeks, the company managed to shed

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Speaker 1: its busted I p O status by year end, and

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Speaker 1: this year the price has searched as much as sixty

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Speaker 1: nine percent. Always rose to a record twenty eight dollars

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Speaker 1: and seventy two cents in April, just before the company

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Speaker 1: filed to sell the equivalent of a seventeen percent steak

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Speaker 1: on behalf of its largest shareholder, CCMP Capital. The sale

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Speaker 1: was completed in June and left CCMP holding twenty three

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Speaker 1: percent of all these shares now. Always came close to

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Speaker 1: breaking its record today after reporting fiscal second quarter results.

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Speaker 1: Earnings and sales beat analysts. Average essements in Bloomberg Survey

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Speaker 1: Always rose as high as twenty eight dollars and sixty

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Speaker 1: cents in the wake of today's trading, and UH there

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Speaker 1: were shares, which by the way, trade under the ticker

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Speaker 1: O l l I. That's ALI without the closed at

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Speaker 1: twenty seven dollars sixty six cents, for a gain of

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Speaker 1: eight point eight percent on the day. Dave, is the

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Speaker 1: jobs that pork going to be the potentially the big

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Speaker 1: stock work at wever tomorrow? Well, clearly it has that

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Speaker 1: potential because people are going to be really focused on

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Speaker 1: the numbers to try and get an idea of how

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Speaker 1: their influence fed policy. And beyond that, I mean, there's

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Speaker 1: certainly some other results to go through. We've had a

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Speaker 1: couple coming in after the close. Lululemon Athletic has one

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Speaker 1: on their down eight percent in late trading. Uh they

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Speaker 1: predicted that earnings for this quarter may come up short

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Speaker 1: of analyst average Esthmate and Bloomberg survey. We've got some

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Speaker 1: more numbers to go through out of Broad Common so on,

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Speaker 1: and so they'll be company stories, but no doubt Jobs

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Speaker 1: report front and center. Dave Wilson, thank you so very much,

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Speaker 1: our stocks editor, joining me from Bloomberg World headquarters back

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Speaker 1: in New York City. Well, this is broad New York City.

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Speaker 1: It's Queen's the US Tennis Open. I'm Kathleen Hayes, keep

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Speaker 1: it right here. This is Bloomberg. Oh, the business of tennis.

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Speaker 1: It's a big deal here at the US Open every

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Speaker 1: single year. We're going to be speaking to Chris R.

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Speaker 1: Russo from Huahan Loki about the money in tennis. Next