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Speaker 1: Global business news Stourty 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 Flash from Bloomberg World Headquarters.

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Speaker 1: I'm Charlie. Tell up the valve the SMP nez deak

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Speaker 1: Hall move higher, Folks from y M and y W

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Speaker 1: h A ringing that closing bell stock surge. SMP five

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Speaker 1: index gaining after the latest polls showed the UK campaigns

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Speaker 1: remain in the European Union is gaining ground before Thursday's referendum.

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Speaker 1: Stephen Casey is far in exchange trader at Cambridge Global Payments.

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Speaker 1: He was our guests this afternoon talking about f f

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Speaker 1: X right here on taking stock. You have to wonder

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Speaker 1: about the time of the year. It's the summer. Markets

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Speaker 1: have thinned out a little bit, desks are half staffed,

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Speaker 1: so even if without the Brexit, we would see a

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Speaker 1: little bit ramp up in volatility. So UM, despite what

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Speaker 1: happens on Thursday, we should see um a little bit

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Speaker 1: of a follow through into early next week on either side.

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Speaker 1: SMP five h IT index up twelve to end the

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Speaker 1: Monday session at two thousand and eighty eight to gain

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Speaker 1: of six tents of one percent, as stack up thirty

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Speaker 1: six a gain of eight tenths of one percent. Down

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Speaker 1: industrials up one thirty points, a gain of seven tenths

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Speaker 1: of one percent. The tenure down eighteen thirty seconds, with

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Speaker 1: the yield of one point six six percent. Gold down

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Speaker 1: a dollar ninety the ounce to twelve ninety two ninety

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Speaker 1: have dropped there of two tents of one percent. Crude

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Speaker 1: oil of a dollar nineteen of arrow West Texas Intermediate

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Speaker 1: fort nineteen now a gain of two and a half percent.

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Speaker 1: Facebook shareholders have reelected all eight members of the Social

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Speaker 1: Networks Board, including Peter Thiel, the investor backing a controversial

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Speaker 1: lawsuit against Gawker. Scott Kessler is ahead of tech sector

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Speaker 1: equity research at SMP. He was also our guest today

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Speaker 1: right here on taking stock. They're worth some concerns about

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Speaker 1: this shareholder meeting and what to potentially come out of it.

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Speaker 1: The other thing is, I think folks are increasingly concerned

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Speaker 1: about competition. It seems like there's a lot to talk

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Speaker 1: about Snapchat and whether Snapchat is let's say, taking some

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Speaker 1: users and engagement away from if not Facebooks and perhaps

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Speaker 1: definitely Instagram and Facebook shares up today by three tenths

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

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Speaker 1: we'll look at other news from around the world on

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Speaker 1: Bloomberg Radio. Charlie, thank you from the Bloomberg News room.

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Speaker 1: I'm more Crumpton. President Obama is telling the world to

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Speaker 1: bet on America. Speaking at the Select USA Investments Summit

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Speaker 1: in Washington, the President told foreign investors there's no better

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Speaker 1: time to put money into the US. If you could

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Speaker 1: choose any place and time to invest, your business is

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Speaker 1: precious resources. I believe you choose right here, right now.

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Speaker 1: Two high ranking New York Police Department officers, Deputy Chief

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Speaker 1: Michael Harrington and Deputy Inspector James Grant, have been arrested

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Speaker 1: on charges accusing them of taking one hundred thousand dollars

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Speaker 1: worth of free flights, prostitute it's expensive meals, and other

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Speaker 1: bribes in exchange for providing what's called a private police

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Speaker 1: force for local businessmen. When you needed to get somewhere quick,

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Speaker 1: they called on Grant and Harrington for a police escort,

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Speaker 1: and they got it. Life's sirens at all. When they

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Speaker 1: wanted to go to a parade or other important event

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Speaker 1: in the city, they got v i P access courtesy

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Speaker 1: of Grant and Harrington U S Attorney pre Berarra. Officials

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Speaker 1: also say that a local businessman has been charged with

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Speaker 1: conspiracy to commit honest services wire fraud. The Supreme Court

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Speaker 1: has refused to question assault rifle bands in New York

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Speaker 1: and Connecticut. Justice has turned away two separate appeals. The

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Speaker 1: court left intact rulings that said the bands comply with

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Speaker 1: the constitutional right to bear arms New York, in Connecticut

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Speaker 1: or among seven states that outlaw weapons similar to the

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Speaker 1: ones used in the Orlando, Florida nightclub massacre. Global News

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

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Speaker 1: more than one hundred that the news bureaus around the

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Speaker 1: world from the Bloomberg news Room. My More Crumpton, Charlie,

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Speaker 1: and we thank you, and again recapping stocks higher SMP

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Speaker 1: five hundred index, climbing twelve points to end today's session

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Speaker 1: at two thousand eighty three, a gain of six tenths

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Speaker 1: of one percent. I'm Charlie Pellett, and that's a bloombard

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Speaker 1: business flash move around most grade promotion. I fear move

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

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Speaker 1: that fast. Hard people let's move like you've got a purpose.

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Speaker 1: That was called movers and shakers. It costs a little more.

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Speaker 1: That name cracked me up. Bloomberg taking stock movers and

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Speaker 1: Shakers with Pim Fox and Kathleen As on Bloomberg Radio,

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Speaker 1: moving and shake into a very strong close today. If

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Speaker 1: you look inside the S and P five hundred, you

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Speaker 1: can see that four hundred and nine companies had their

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Speaker 1: stripe share prices closed higher, ninety five lower, only one unchanged.

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Speaker 1: Our stock editor Dave Wilson is back to kick it

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Speaker 1: off force. What's your what's the top of your list? Well,

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Speaker 1: how about a stock that actually fell intoday's trading, talking

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Speaker 1: about CVS Health. This is the company that owns drug

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Speaker 1: stores and administers pharmacy benefits. They were lowered to the

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Speaker 1: equivalent of whole from buy It Morgan Stanley. The firms

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Speaker 1: cited increasing competition and the benefit business from United healths

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Speaker 1: optim units. So that didn't go over so well. CVS

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Speaker 1: Health with a loss of one point seven percent on

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Speaker 1: a day when most stocks closed higher. I was also

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Speaker 1: looking at the express Scripts right, because the shares of

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Speaker 1: expressed Scripts also falling today, down about a half a percent.

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Speaker 1: I think that was also the subject of the same

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Speaker 1: Morgan Stanley note having to do with those healthcare stocks

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Speaker 1: and increased the competition. I was going to tell you

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Speaker 1: about the Win Resorts. Shares of Wind Resorts down about

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Speaker 1: two and a half a percent. Is has to do

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Speaker 1: with the Macau Macau lagging behind Las Vegas in terms

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Speaker 1: of top tier hotel rooms, and of course Win Resorts

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Speaker 1: an operator there. Win Resorts down more than two and

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Speaker 1: a half percent today. So were you one of the

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Speaker 1: one in five US television households that watched the Cleveland

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Speaker 1: Cavaliers Cliff Hanger victory over the Golden State Warriors in

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Speaker 1: Game seven of the NBA Finals, Well, I was. Uh.

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Speaker 1: He was the most watch sports telegrast on Walt Disney's

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Speaker 1: ABC or ESPN in a decade. As our own Bloomberg

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Speaker 1: News Jerry Smith, it underscores the poll of live sports

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Speaker 1: for audiences and advertising. Certainly a win for Lebron James

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Speaker 1: and the Cleveland Cavaliers in the city of Cleveland, but

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Speaker 1: also for Walt Disney. Uh. This broadcast drew an eighteen

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Speaker 1: point nine overnight rating. I bet the presidents who are

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Speaker 1: going to be debating hope they get ratings like that

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Speaker 1: highest rated game ever for the Wave on ABC, and

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Speaker 1: in fact it was notable, notable because the game competed

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Speaker 1: with a much anticipated pen ultimate episode of season six

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Speaker 1: of HBO's Game of Thrones. Not a huge move for Disney,

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Speaker 1: but it is significant one. It's up about point six

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Speaker 1: percent to ninety nine bucks and change days. I want

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Speaker 1: to talk about j D dot Com. This is a

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Speaker 1: Chinese online retailer competing with the likes of Ali Baba

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Speaker 1: Group Holding. Well, they're going to get some help from

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Speaker 1: the world's largest retailer, Walmart Stores. They made a deal

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Speaker 1: under which j D dot Com will take ownership of Walmart.

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Speaker 1: How Dan online marketplace, the Chinese branch of Sam's Club,

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Speaker 1: the warehouse unit of Walmart, will open a store on

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Speaker 1: j D dot Com. The two companies will link up

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Speaker 1: their supply chains, and Walmart will buy a five cent

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Speaker 1: stake in j D dot Com. You put that all

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Speaker 1: together and you've got a stock that rose four point

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Speaker 1: six percent in US trading. Talking j D dot Com

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Speaker 1: there and taking a quick look at Walmart to see

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Speaker 1: how it did in the wake of this agreement. Well,

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Speaker 1: the shares up just two tents of a percent, but

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Speaker 1: higher I'll tell you about the shares of Apple today,

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Speaker 1: down about a quarter of a percent to lower by

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Speaker 1: twenty three cents nine dollars and ten cents on the

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Speaker 1: clothes for Apple. But this is an interesting point raised

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Speaker 1: by analysis over at a credit sweez that the Apple

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Speaker 1: shares could fall further as they are set to lose

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Speaker 1: their waiting and be reclassified because you know, on Friday

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Speaker 1: you get the annual reconstitution of the Russell index is

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Speaker 1: so about one point three billion dollars more will be

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Speaker 1: sold in Apples shares when the reconstitution actually takes place.

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Speaker 1: Apples waiting in the rustle one thousand will roughly fall

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Speaker 1: to about two and a half percent from about two

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Speaker 1: and three quarters of a percent. And this is due

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Speaker 1: to the combination of fewer shares outstanding because of shared

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Speaker 1: buy backs and Apples smaller part of the indexes capitalization.

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Speaker 1: Apple shares down about a quarter of a percent today,

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Speaker 1: Just really quickly, hear, guys, you want to boost your

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Speaker 1: stock if your Twitter, how about buying a Magic Pony,

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Speaker 1: a London based artificial intelligence startup to make tweeted live

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Speaker 1: videos look more professional. If you're a Twitter addict, this

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Speaker 1: is going to be a big help for you investors.

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Speaker 1: Likely today Twitter up about one and a half percent. Alright,

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Speaker 1: it's time now for the Volatility Index Report. It is

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Speaker 1: brought to you by cbo E VIX Options and Futures.

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Speaker 1: futures see disclosures. Learn more at cbo E dot com

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Speaker 1: Slash Powerful Outcomes VIX. The VIX down today, down about

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Speaker 1: one and a half percent, lower by one point one

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Speaker 1: eight settling at I beg your pardon, down by eight

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Speaker 1: and a quarter percent. I do forgive me eight and

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Speaker 1: a quarter percent to clown in. The VIX down one

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Speaker 1: point one seven to eighteen point at twenty four. Long

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Speaker 1: term VIX futurist positioning. It's been short since March and

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Speaker 1: the smart money is still betting that volatility will continue

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Speaker 1: to fall. All right, Dave, you're up. My name is Dave.

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

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Speaker 1: the price down Wilson, Dave, Mr Wilson Stabilson, tell us

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

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Speaker 1: credit Acceptance. So this is a company that makes car

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Speaker 1: and truck loans to less credit worthy buyers. They work

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Speaker 1: with auto dealers, and this whole area is really boomed

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Speaker 1: in the last few years as auto sales of rally

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Speaker 1: me to the point we're short seller. Jim Channo said

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Speaker 1: on bloom Television h last week that subprime model ending

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Speaker 1: should scare the heck out of everybody. Well, you've certainly

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Speaker 1: seen a bit of concern in Credit Acceptances stock performance

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Speaker 1: shares trading under ticker c A c C Dammon Dann's

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Speaker 1: much is twenty this year after rising for the past

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Speaker 1: seven years in a row. Now Credit Acceptance is slump

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Speaker 1: prompted Jenny Capitol to stop telling clients to sell their stock.

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Speaker 1: Analyst John Rowan raised his rating to neutral because the

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Speaker 1: share price fell below his fair value estimated a hundred

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Speaker 1: seventy three dollars now. Credit Acceptance doesn't have a single

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Speaker 1: by rating among nine analysts and Bloomberg survey, so Rowan's

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Speaker 1: call appeared to get people's attention. The stock rose as

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Speaker 1: much as twelve percent today and closed with a gain

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Speaker 1: of six point seven percent, the biggest since March a

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Speaker 1: hundred seventy eight dollars. And that is what you call

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Speaker 1: a very acceptable move for Credit Acceptance. Dave Wilson, Are

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Speaker 1: stock sent there. Thank you so much for joining us

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Speaker 1: on taking stock. Bloomberg Radio, Yeah, bloom We're taking Stock.

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Speaker 1: Is brought to by Landrover Manhattan, where New York goes

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