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Speaker 1: Global business news twenty four hours a day. It's Bloomberg

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Speaker 1: dot COM's 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 Pellot, Folks from the conference board, ringing that

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Speaker 1: closing belt at the New York Stock Exchange on a

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Speaker 1: record setting day for stocks. And this update is brought

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Speaker 1: to you by National Realty Providers of Satisfaction guaranteed New

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Speaker 1: York City realty investments. See them at n r I

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Speaker 1: A dot net equities climb for a third day as

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Speaker 1: Alcah's results bolstered optimism on corporate health and at the

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Speaker 1: start of earning season, Alcoa shares up today by five

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Speaker 1: point three three percent after the aluminum producer posted a

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Speaker 1: profit that beat Annaly ass estimates kicking off the quarterly

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Speaker 1: reporting period. Jonathan got of his chief market strategist at

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Speaker 1: RBC Capital Markets. He was our guest minutes ago right

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Speaker 1: here on taking stock. If you look at the yield

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Speaker 1: on stocks, if you look at dividends plus buy backs,

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Speaker 1: it's yielding four point seven percent at a time where

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Speaker 1: treasury is right now, I think, according to Bloomberger, about

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Speaker 1: one point five, and you know there's just too wide

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Speaker 1: a gap between those, and it forces people in the

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Speaker 1: Other thing is, companies are doing a brilliant job of

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Speaker 1: managing in a low revenue environment, of squeezing out more profits,

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Speaker 1: more cash fal as returning it to shareholders to black Rock.

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Speaker 1: JP Morgan Chase and City Group are among firms releasing

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Speaker 1: results this week. JP Morgan Chase up one and a

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Speaker 1: half percent, city Group shares advancing two point seven percent. Commodity,

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Speaker 1: energy and transportation stocks posting among the biggest games today.

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Speaker 1: American Airlines, for example, UH surging today by eleven point

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Speaker 1: to three percent, best days since the least December of

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Speaker 1: two thousand thirteen, Gold down twenty ninety the ounce to

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Speaker 1: thirteen thirty three, a drop of one point seven percent,

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Speaker 1: Tenure down twenty four thirty seconds, yield there one point

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Speaker 1: five one percent, SMP five D Indecks up four fifty two,

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Speaker 1: a gain of points seven percent down, industrials up one points,

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Speaker 1: a gain of seven tenths of one percent, and nan

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Speaker 1: Stack up also by seven tenths of one percent four

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

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Speaker 1: at other news from around the world. On Bloomberg, Charlie.

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Speaker 1: Thank you from the Bloomberg news Room, I Mark Crumpton.

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Speaker 1: This news update is brought to you by the Jeep

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Speaker 1: Grand Cherokee, the most awarded suv ever. The Grand Cherokee

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Speaker 1: legendary four by four capability. Drive one at your local

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Speaker 1: Jeep dealer. Today, President Obama led mourners at an interfaith

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Speaker 1: service in Dallas, where five police officers slain last week

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Speaker 1: were remembered as heroes. When the bullets started flying the

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Speaker 1: men and women of the Dallas Police, they did not flinch.

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Speaker 1: Former President George W. Bush told mourners it's time for

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Speaker 1: America to renew its unity and to remember its values.

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Speaker 1: We have never been held together by blood or background.

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Speaker 1: We're bound by things of the spirit, by shared commitments

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Speaker 1: to common ideals. Dallas Police Chief David Brown also spoke.

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Speaker 1: His remarks were followed by a long, loud, standing ovation

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Speaker 1: A journey. General Loretta Lynch says she saw no reason

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Speaker 1: not to accept the FBI's recommendation to close the investigation

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Speaker 1: into Hillary Clinton's use of a private email server without

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Speaker 1: filing charges. She's been on Capitol Hill defending her decision

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Speaker 1: before the House Judiciary Committee. The final resting place of

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Speaker 1: some of the nation's most distinguished soldiers is being expanded

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Speaker 1: to provide more space. The Times Herald Record of Middletown

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Speaker 1: reports the nearly two hundred year old West Point Cemetery

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Speaker 1: is down to forty burial spaces, but a three and

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Speaker 1: a half million dollar expansion will add more than three

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Speaker 1: hundred grave sites. Global News twenty four hours a day,

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Speaker 1: powered by more than twenty six hundred journalists and analoge

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Speaker 1: us in more than one countries. I'm Mark Crumpton. This

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Speaker 1: is Bloomberg, Charlie, and we thank you and again recapping stocks, Advance,

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Speaker 1: the DOW, the SMP, NEZ Stack. We had the SMP

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Speaker 1: and the DOW both the records today, Nez Stack up

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Speaker 1: thirty four points to five thousand, twenty two, a gain

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Speaker 1: of seven tenths of one percent. I'm Charlie Palatin. That's

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Speaker 1: a Bloomberg business flash. Move around. Motion creates the motion

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Speaker 1: at the elite move you moved like they do. I've

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

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Speaker 1: like to get a purpose that He's called movers and shakers.

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

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Speaker 1: Bloomberg taking stock Movers and Shakers with pim Fox and

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

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Speaker 1: July the twenty sixteen, three hundred and seventy five members

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Speaker 1: of the SMP five move higher, one hundred and twenty

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Speaker 1: eight decline and to remain unchanged. I want to bring

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Speaker 1: in Dave Wilson Bloomberg stocks Commas to kick off our

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Speaker 1: Movers and Shakers day. Might as well follow up on

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Speaker 1: yesterday the chart of the Day talking about how Amazon

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Speaker 1: dot Com had passed Berkshire Hathway to become the fifth

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Speaker 1: largest the US company and worldwide company by market value. Well,

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Speaker 1: they reversed today. As Amazon carried out Prime Day, an

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Speaker 1: annual promotion, they ran into some snags on their website

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Speaker 1: early in the day that prevented shoppers from adding items

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Speaker 1: to their online carts. UH Channel advisor, firm that helps

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Speaker 1: merchants sell on online marketplaces such as Amazon, said third

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Speaker 1: party merchant sales through New and Eastern Time today we're

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Speaker 1: basically unchanged from what they were last year, which was

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Speaker 1: the first time that Amazon held this Prime Day. So

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Speaker 1: you know, some concern perhaps that the promotion won't be

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Speaker 1: as successful as some folks might have expected. Amazon down

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Speaker 1: three quarters of a percent. Today's trading closes of the

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Speaker 1: market value with three hundred fifty three billion dollars Berkshire Hathaway.

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Speaker 1: By contrast, Warren Buffet's company up half a percent at

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Speaker 1: three hundred and fifty six point seven billion dollars in

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Speaker 1: market value. I'm going to tell you about Seagate Technology.

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Speaker 1: The shares of Seagate Technology up more than twenty one

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Speaker 1: percent today. It's a gain of five dollars and twenty

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Speaker 1: six cents a shared at twenty nine thirty five. Why. Well,

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Speaker 1: a few weeks ago the company said it would cut jobs,

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Speaker 1: and it also cut fifteen or six hundred workers rather

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Speaker 1: and yesterday on Monday, it said it was cut another

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Speaker 1: sixty five hundred jobs over the next year. Together, that

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Speaker 1: equals about one out of every five employees at Seagate

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Speaker 1: will be getting a pink slip. And at the same time,

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Speaker 1: the company gave us a little bit of a sneak

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Speaker 1: pe at their completed fiscal fourth quarter, revenue and profits

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Speaker 1: were both better than estimated. Shares of Seagate Technology up

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Speaker 1: more than twenty one percent today, well, we've got news

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Speaker 1: out of Teva Pharmaceutical, the Israelia maker of generic drugs

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Speaker 1: that's gone more into brand name products. Their second quarter

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Speaker 1: preliminary results are out adjusted earnings of a dollar nineteen

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Speaker 1: to a dollar twenty two a share. That's higher than

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Speaker 1: the company anticipated revenue about five billion dollars. Also a

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Speaker 1: little bit higher than Tever's projections. Uh. The stock is

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Speaker 1: at the moment of two point three percent in late

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Speaker 1: trading in the wake of those results. I'm gonna tell

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Speaker 1: you about airline stocks. Shares of airline stocks move higher today.

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Speaker 1: American Airlines up eleven percent, Delta Airlines up five and

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Speaker 1: a half percent, United Continental up nearly nine percent, followed

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Speaker 1: by Alaska Air Group up five percent. And why well,

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Speaker 1: perhaps it is a change in sentiment at Deutsche Bank.

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Speaker 1: Shares of all of the airlines soaring after Deutsche Bank

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Speaker 1: turned bullish on the major air carriers, the analyst there,

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Speaker 1: Michael Lennenberg, upgrading all three carriers to a buy from

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Speaker 1: a hold, on the belief that all the known macro

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Speaker 1: and industry headwinds such as Brexit lackluster global economic growth

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Speaker 1: has already been fully baked into the share prices. Once again.

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Speaker 1: The shares of American Airlines up more than eleven percent today.

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Speaker 1: MC Entertainment Holdings, now this is the movie theater chain

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Speaker 1: controlled by Chinese billionaire Wang Jen Lenz Dallian Wanda Group.

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Speaker 1: They made a deal to buy the U K's Odeon

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Speaker 1: and U c I Cinemas group for one point two

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Speaker 1: billion dollars in cash and stock, and in response, AMC

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Speaker 1: shares rose seven point three percent on the day. Now,

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Speaker 1: what's interesting here beyond that is that AMC said a

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Speaker 1: seven hundred and fifty million dollar deal to buy Carmikes

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Speaker 1: Cinemas is at considerable risk. You know, the stock was

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Speaker 1: down for most of the day, Carmike shares, and yet

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Speaker 1: in late trading, Uh, there are some comments out of

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Speaker 1: AMC's chief executive uh Adam Arain talking about how they're

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Speaker 1: willing to work with Carmike, and uh, well, they're not

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Speaker 1: going to raise their bid of forty dollars a share. Nonetheless,

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Speaker 1: at least there's a possibility you would figure of a

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Speaker 1: higher offer given his comments, and certainly it was taken

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Speaker 1: that way. Carmike Cinemas with a gain of two point

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Speaker 1: two percent. All right, I'll just quickly tell you about

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Speaker 1: Freeport mcmaran the shares of more than ten and a

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Speaker 1: half percent today. This comes after London copper prices climbed

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Speaker 1: for a third consecutive trading session, three month copper on

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Speaker 1: the Big A part in three month copper on the

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Speaker 1: London Metal Exchange, rising about four tens of a percent.

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Speaker 1: F c X Freeport mcmaran the shares are up ten

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Speaker 1: and a half percent alright time. Now for the Volatility

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Speaker 1: Index report. It's brought to you by cbo E VIX

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Speaker 1: Options and futures. Volatility can be harnessed with b o

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Speaker 1: E VIX options in futures see disclosures. Learn more at

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Speaker 1: cbo E dot com Slash Powerful Outcomes VIX. The VIX

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Speaker 1: hire today up three tents of a percent to point

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Speaker 1: oh four to thirteen point five eight and the support

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Speaker 1: of around thirteen twenty continues and the starcastic charts remain

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Speaker 1: stuck at that floor, indicating that this may be rising

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Speaker 1: off extreme over sold levels and there might be more

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Speaker 1: upside for the VIX ahead. All right, Dave, you're a

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Speaker 1: h Hi, my name is Dave. Just what do you

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Speaker 1: think you're doing? We're going for the down, will Dave?

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Speaker 1: Dave Hey, Mr Wilson, go ahead, tell us about your

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Speaker 1: stock of the day, and that would be Belmond. It's

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Speaker 1: one of those companies whose name isn't all that familiar,

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Speaker 1: even though you know it's assets. The company owns the

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Speaker 1: Hotel Cipriani in Venice, New York's twenty one Club, and

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Speaker 1: the Venice Simplon Orient Express tourist train. In fact, Belmont

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Speaker 1: was called Orient Express Hotels before a name changed two

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Speaker 1: years ago. Company shares traded under the ticker b e L.

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Speaker 1: They peaked back in October two thousand seven, fell as

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Speaker 1: much as nineties six percent in an ensuing bear market

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Speaker 1: in US stocks, and have yet to recoup most of

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Speaker 1: the loss. Today, though, Belmont rose after Star Wars Hotels

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Speaker 1: and Resorts founder Barry Sternlick emerged as one of its

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Speaker 1: largest shareholders you know. Filing late yesterday, Sternlick disclosed that

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Speaker 1: he had bought four point nine percent of the company's

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Speaker 1: Class A shares. They also have Class B, which is

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Speaker 1: entirely owned, as it happens, by a unit of Belmont. Now.

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Speaker 1: The company's Class A shares rose almost eleven percent today.

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Speaker 1: Who was the stocks biggest game since October twelve? Thank

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Speaker 1: you very much. Dave Wilson, Bloomberg stocks COMMAS go ahead

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Speaker 1: send him an email at d Wilson at Bloomberg dot net.

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Speaker 1: Sign up for his daily free email newsletter. You're listening

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Speaker 1: to taking Stock and this is m Berge bloomber Taking

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Speaker 1: Stock is brought to by kone Resnick Accounting, Tax Advisory,

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Speaker 1: Resnick and help your business breakthrough. Find out more at

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