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

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Speaker 1: dot com, the radio, plus mobil and on your radio.

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Speaker 1: This is a Bloomberg Business Flash from Bloombird World Headquarters.

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Speaker 1: Signed Charlie Pella. Sound of the closing bell of the

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Speaker 1: New York Stock Exchange, Folks from Volunteers of America ringing

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Speaker 1: that closing bell and it is on to the weekend

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Speaker 1: after a holiday short and week. No record today for

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Speaker 1: the SMP five hundred index to close there twenty one

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Speaker 1: twenty nine the records set back in May of last

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Speaker 1: year twenty one thirty point eight two on the SMP

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Speaker 1: five hundred index. Very close today, down industrials rallying two

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Speaker 1: hundred forty six points up one point four percent, SMP

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Speaker 1: gaining thirty one points and advance there one and a

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Speaker 1: half percent. Nastack Compositive Index up seventy nine points, a

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Speaker 1: gain of one point six percent. For the week, the

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Speaker 1: SMP five hundred index did advance one point three percent well.

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Speaker 1: The US labor markets stirred to life June. That was

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Speaker 1: the catalyst for today's advance. Labor department set employers added

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Speaker 1: two hundred eighty seven thousand jobs, far more than the

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Speaker 1: Economists Survey by Bloomberg. We're expecting. Ethan Harris is head

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Speaker 1: of Global economics research at Meryll Lynch. He was our

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Speaker 1: guest this afternoon right here on taking Star. I think

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Speaker 1: we're finally there at that late stage of the cycle

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Speaker 1: where workers get get in a more balanced relationship with

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Speaker 1: their employers. Um, this is good news for the economy. Um,

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Speaker 1: it's telling you that there's been a real healing process here.

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Speaker 1: It's taken a long time, but um, you know FED

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Speaker 1: policy is working. It's just working very slowly. Gold trading

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Speaker 1: higher by five dollars thirty cents the thirteen sixty seven,

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Speaker 1: a gain of four tenths of one percent, the tenure

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Speaker 1: up seven thirty seconds. Looking at a yield on the

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Speaker 1: tenure now of one point three five percent. Crude oil

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Speaker 1: West Texas Intermediate eighteen of barrel up point one percent,

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Speaker 1: Frank crude up five tenths of one percent, sixty two

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Speaker 1: for a barel of brant So recapping the equity numbers

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Speaker 1: SP five hundred index ending the week at ninety one points,

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Speaker 1: a gain of one and a half percent. Nez Dan

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Speaker 1: Cup one point six four oh two on Wall Street.

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Speaker 1: Now will look at the other stories making news. Thank you,

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Speaker 1: Charlie from the Bloomberg Newsroom. I'm Jill Schneider. Dallas Police

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Speaker 1: Chief David Brown says last night's attack was well planned.

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Speaker 1: Speaking at a prayer vigil in downtown Dallas today, Brown

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Speaker 1: called last night shootings quote a well thought out, evil

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Speaker 1: tragedy that has left the city in shock. We are heartbroken.

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Speaker 1: President Obama is in Warsaw, Poland for a two day

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Speaker 1: NATO summit and spoke about the attack. We will learn more,

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Speaker 1: undoubtedly about they're twisted motivations, but let's be clear, there's

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Speaker 1: no possible justification for these kinds of attacks or any

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Speaker 1: violence against law enforcement. Mr. Obama said he is horrified

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Speaker 1: by the shootings, which he called calculated, vicious, and despicable.

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Speaker 1: Police departments across the country are reacting to the deadly

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Speaker 1: attack in Dallas with a mix of sorrow for the

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Speaker 1: victims and concern for their own. Departments that normally allow

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Speaker 1: officers to patrol alone, including Chicago, Las Vegas, Cincinnati, and

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Speaker 1: here in New York, or ordered today to team up

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Speaker 1: in pairs as a safety measure. Ten states are suing

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Speaker 1: the federal government over rules requiring public schools to allow

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Speaker 1: transgender students to use restrooms and locker rooms conforming to

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Speaker 1: their gender identity. The lawsuit was filed today in federal

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Speaker 1: court in Nebraska. Some environmental organizations have filed a federal

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Speaker 1: lawsuit in New York to block the sale of Plum Island,

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Speaker 1: home to the nation's only animal disease testing laboratory. The

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Speaker 1: US government plans to move the lab to Kansas and

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Speaker 1: sell the island. The lawsuit claims to federal agencies failed

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Speaker 1: to consider all options for the island before proceeding with

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Speaker 1: a planned sale. Global News twenty four hours a day,

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Speaker 1: powered by more than journalists and analysts in more than

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Speaker 1: one twenty countries from the Bloomberg News Room. I'm Jill Schneider, Charlie,

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Speaker 1: and we thank you and again recapping SMP five hundred

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Speaker 1: indecks sending the week at twenty one nine, just shy

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Speaker 1: of its record, up thirty two points, picking up one

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Speaker 1: and a half percent today. I'm Charlie Pellett. That's a

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Speaker 1: Bloomberg Business Flash move around motion, great promotion at the

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Speaker 1: move on the move like they do. I've never seen

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Speaker 1: anyone move that back hard Peoplet's move to better purpose.

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

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Speaker 1: more about that name. Cracked me up. Bloomberg taking stock

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Speaker 1: Movers and Shakers with Pim Fox and Kathleen As on

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Speaker 1: Bloomberg Radio. Take a look now, have the SMP high

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Speaker 1: hundred a definitive almost move higher? Today? Four ninety seven

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Speaker 1: companies saw their share price and higher, only eight lower

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Speaker 1: zero unchanged. Dave Wilson, A lot of a lot of

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Speaker 1: upper lot up moves to a lot of green arrows

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Speaker 1: up there? Which one are you gonna look at? Well,

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Speaker 1: I want to come back to a couple of stocks

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Speaker 1: we talked about earlier this week, and that would be DuPont,

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Speaker 1: and it's been off from last year. Camels Uh. You

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Speaker 1: may recall that they faced the judgment UH jury awarding

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Speaker 1: five point one million dollars in a case involving Teflon. Well,

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Speaker 1: there was another decision in that case today regarding cunitive

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Speaker 1: damages and DuPont, according to this jury only has to

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Speaker 1: pay half a million dollars and the lawyers for the

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Speaker 1: plaintiff we're looking for as much as one point two

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Speaker 1: billion in damages on the punitive side. So that decision

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Speaker 1: definitely went over. Well, you've got DuPont shares up two

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Speaker 1: point nine percent today and Camors with a gain of

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Speaker 1: seventeen I'm going to tell you about the shares of

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Speaker 1: firearm makers Smith and Wesson, Sturm Ruger, as well as

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Speaker 1: the stunt gun and the officer warn, camera maker Taser,

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Speaker 1: and the camera maker Digital Ally, all moving higher today

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Speaker 1: after the Dallas police shooting late Thursday. Shares a Smith

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Speaker 1: and Wesson based from yesterday's close up more than seven percent,

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Speaker 1: stem Ruger up more than seven percent, Taser up more

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Speaker 1: than nine percent, and Digital Ally up more than eighty

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Speaker 1: six percent. Let's take a look at a retailer gap.

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Speaker 1: You know, it is still the biggest US apparel focused retailer,

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Speaker 1: closing nearly five percent higher today after a post of

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Speaker 1: June sales, the topped analyst estimate. In fact, total same

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Speaker 1: store sales is a very important ben mark for retailers,

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Speaker 1: up two percent in June. Analysts had predicted a three

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Speaker 1: point six percent decline, and the company's off price old

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Speaker 1: Navy brand lead the results, comparable store sales increasing five percent,

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Speaker 1: topping the three point three percent drop analyst has expected.

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Speaker 1: So you can see why this was so impressive to investors.

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Speaker 1: And it's so important too that transverse for Old Navy,

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Speaker 1: because it had stumbled as the comp store sales slipped

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Speaker 1: in six of the past eight months and made the

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Speaker 1: company said it was shutting Japanese Old Navy stores and

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Speaker 1: refocusing on North American China. Looks like it's paying off today.

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Speaker 1: Big day for car rental companies. And all this has

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Speaker 1: to do with an index of used car prices compiled

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Speaker 1: by the folks at Mannheim Consulting uh M CAM Partners,

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Speaker 1: noting in a report that wholesale prices rose one point

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Speaker 1: nine percent in June from a year earlier. According to

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Speaker 1: this Manheim index was the third straight month of improvement

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Speaker 1: and now there's only one point three percent off it's

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Speaker 1: record high back in May twleven. So use car prices

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Speaker 1: holding up. That means that you know, these companies can

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Speaker 1: generate more revenue when they sell off their fleets. Uh

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Speaker 1: AVIS budget with a gain of twelve percent in today's

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Speaker 1: trading and hurts Global holdings up ten percent on the day.

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Speaker 1: I'll tell you about Humanita. Shares of Humanity down more

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Speaker 1: than two and a half percent today. It's a drop

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Speaker 1: of more than four and a half dollars a share

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Speaker 1: Humanities price target was cut to a hundred and sixty

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Speaker 1: dollars from a hundred and eighty five dollars because of

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Speaker 1: increased regulatory risk associated with its merger potential merger with Etna.

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Speaker 1: This according to Credit a Suite analyst Scott Fidell. He

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Speaker 1: mentions in the note that the d o J has

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Speaker 1: significant concerns about the merger of the two healthcare entities

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Speaker 1: and that they may reduce consumer choices in Medicare advantage

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Speaker 1: program once again. Shares of Humanity down more than two

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Speaker 1: and a half percent. Quick look at to Arbor uh

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Speaker 1: under Armour having a downside according to Morgan Stanley because

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Speaker 1: the the industry is looking at stronger athletic apparel sales

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Speaker 1: and we're actually going to see under Armour in fact

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Speaker 1: closing down about a quarter candid for two of the

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Speaker 1: day's eight decliners in the SPI because two classes of

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Speaker 1: under Armor shares are in that index. Very good, Dave

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Speaker 1: will well done, Dave Wilson always on top of those

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Speaker 1: dual classes. Very interesting. All right, Now it's time with

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Speaker 1: The VIX dropping more than nine and a quarter percent

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Speaker 1: to drop one point three eight, settling at thirteen point

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Speaker 1: three eight, and it is testing it's year long support

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Speaker 1: line of around twelve point seven five. Pay attention to it.

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Speaker 1: If it continues to drop, it may mean that we're

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Speaker 1: entering another leg of a bowl market. All right, Dave,

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Speaker 1: you're up, hi, My name is just what do you

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Speaker 1: think you're doing? We're going for the price found Dave,

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Speaker 1: Dave Dave. Price Smart doesn't look so smart today, Not today, Kathleen.

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Speaker 1: I'll tell you though, if you're ever in Central America

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Speaker 1: or the Caribbean, don't bother looking for a cost Co

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Speaker 1: warehouse club. You won't find any. The two regions are

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Speaker 1: home to price Smart, which has only tangential ties to Costco.

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Speaker 1: As it turns out, price Smart was co founded in

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Speaker 1: nine by Sault Price, who previously started the price Club chain.

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Speaker 1: Costco bought Price Club in ninety seven and two spinos later.

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Speaker 1: Price Smart became an independent company uh It shares straight

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Speaker 1: under the ticker p s mt now. Price Smart rose

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Speaker 1: to a record in November and later fell as much

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Speaker 1: as in response to disappointing results. While the stock recouped

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Speaker 1: some of those losses during the past five months, the

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Speaker 1: recovery was set back today. Here's why. Price Smart's fiscal

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Speaker 1: Thirk order learnings trail analysts average asthmate to Bloomberg survey

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Speaker 1: by fifteen cents to share, and the company said June

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Speaker 1: sales dropped one point nine percent at locations open more

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Speaker 1: than a year. Brice Smart has been hurt by its

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Speaker 1: decline in the Colombian Paso, among other things. And today well,

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Speaker 1: the stock fell almost nine percent and that was the

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Speaker 1: biggest decline for price Smart in eighteen months. Dave Wilson,

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Speaker 1: thank you very much, Bloomberg Stocks. Thomas Dave sent us

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

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Speaker 1: sign up for the daily free email newsletter. You will

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Speaker 1: become a smarter investor. Just this note that the CBS

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Speaker 1: Radio has filed for its initial of public offering. They'll

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Speaker 1: be spinning that off as a separate company. You're listening

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Speaker 1: to taking stock. I'm pim Fox. My co host Kathleen Hayes.

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Speaker 1: Coming up, We've got more on sports money and how

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Speaker 1: to make it in both you're listening to taking Stock

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Speaker 1: and this is Bloomberg. A unique summer of soccer, the

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Speaker 1: Copa America tournament with the US team that reached the quarterfinals.

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Speaker 1: In the Europe twenty six tune in France, the talk

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Speaker 1: of Europe. Is soccer really gonna become a bigger money

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Speaker 1: maker in the United States. We're going to find out