Global business news twenty four hours a day. If Bloomberg dot com the radio plus mobil and on your radio, this is a Broomberg business flash. And there you have its sound of the closing bell of the New York Stock Exchange stocks closing at the worst level of the session. Folks from Third Street Music School Settlement ringing that closing bell. Stocks move lawer banks under pressure, and we are brought
to you by the American Arbitration Association. Business disputes are inevitable resolve faster with the American Arbitration Association, the global leader in alternative dispute resolution for over eighty five years, more than a d R dot Org. Traders bracing for a heated US presidential debate tonight have another element to contend with, and that is the global sell off in banks.
Right now, we have got Deutsche Bank at the bell, down seven point one percent, equities wiping out their monthly advances. Deutsche Bank tumbled to a record low on speculation Germany's largest lender would need to raise capital. The SMP five hundred index down eighteen to twenty one forty six, a
drop of nine tenths of one percent down. Industrials down a hundred and sixty four points to eighteen thousand, ninety seven, a drop also of nine tenths of one percent, as stackdown forty eight that to a drop of nine tenths of one percent. People familiar with the matter say the Walt Disney Company is working with a financial advisor to evaluate a possible bid for Twitter. Sarah Fryer and Alex Sherman broke the story for Bloomberg News and right here
on taking stock. Sherman told us there is logic in a tie up from Disney's perspective. Disney has recently invested in Major League Baseball's what was formerly Major League Baseball's technology to stream videos. So clearly Disney is taking a look at this idea of live streaming video, and maybe Disney can use Twitter as sort of its own platform to promote its own video. Disney owns Monday Night football rights for two or so, so they already have a
football contract there. There's some roging, and Disney shares up today by our actually Disney lord today by one point four percent. It was Twitter that advanced hired today by three point three percent, and the four oh two on Wall Street. Now, let's take a look at other news from around the world. Charlie, Thank you from the Bloomberg
News Room by Mark Crumpton. Hillary Clinton and Donald Trump meet tonight in their first presidential debate, and a new Bloomberg Politics national polls shows them tied in a two way race. The survey has the candidates each with forty six percent. When third party candidates are included, Trump leads Clinton forty percent to forty one percent. David Pluff was Barack Obama's campaign manager in two thousand and eight. He says Clinton has her work cut out for her, the
huge opportunity for us. She's not the best speechmaker in the world. She's not a great retail politician, particularly compared to her husband. Sarah Huckabee is a senior advisor to the Trump campaign. He's gonna talk about his passion for America and putting America first. I think we're gonna see a lot of just who Donald Trump is. Uh. He's not a poll tested, scripted career politician, and that contrast on this stage will be very start tonight. Send up.
Majority leader Mitch McConnell says lawmakers will vote Wednesday and an effort to override President Obama's veto of legislation to let families of nine eleven victims sue the Saudi government. President says the law could leave US officials open to lawsuits in foreign courts. The Justice Department's awarding more than twenty million dollars to law enforcement agencies to help them add to or improve their use of body cameras. For
the first time in eighty years. Of farm and Upstate New York is legally growing cannabis, but it's not for smoking the time, says j D Farms is growing industrial hemp, which can be used to make everything from flower to plastics. Global News twenty four hours a day, powered by more than twenty journalists and analysts and over one twenty countries.
I'm Mark Crumpton. This is Bloomberg, Charlie, and we thank you and again recapping moved floor for US equities today with the SMP five hundred index slumping eighteen points, down nine tenths of one percent down, Industrials down a hundred and sixty six, also down nine tenths of one percent. I'm Charlie Pealett, and that's a Bloomberg Business flash move around. Morten Greate promotion a move like they do. I've never seen anyone move that back hard people. Let's move to
get a purpose. That we called movers and shakers. It costs a little more about that name. Cracked me up. Bloomberg taking Stock Movers and Shakers with Pim Fox and Kathleen As on Bloomberg Radio, a special edition of Taking Stock Today. We're broadcasting live from Midtown Manhattan from the
offices of Eisner Amper. Doesn't take our eye off the movers and shakers today, though, I'm gonna go inside the sp five hund it really quick for a look at how the markets stacked up definitely to the downside, with four hundred and four losers, ninety eight gainers, just three companies with their share prices closing un changed. Dave Wilson is black up Bloombrick World headquarters here in New York City.
To kick it off for us, I want to talk about Deutsche Bank, if only because what's going on at that company sort of had follow on effects on bank stocks on both sides of the Atlantic. UH Germany's Focus magazine reporting Chancellor Angela Merkell ruled out state funding for the bank before elections next September They also reported that Merkel won't get involved in the bank's legal dispute with the US the Justice Department seeking fourteen billion dollars to
settle mortgage securities cases brought against Deutsche Bank. Now German government spokesman said there's no grounds for financing speculation. Nonetheless, Deutsche Bank with a loss of seven point one percent in US trading. I'll talk about the shares of a Ray bio Farma. The shares higher by nearly eighty two percent. This move comes after the company said it's treatment for a form of skin cancer showed promising first results in
a final stage study. Arraysed treatment targets melanoma and melanoma is one of the most common and deadly cancers in the United States, with more than seventy six thousand new cases and ten thousand deaths annually. Array bio Farma the shares higher today by more than eighty percent. Well, I just want to take a look at Callaway Golf today as the King of Golf, Arnold Palmer passes away at
the age of seven. Considered one of the greatest professional golfers of this air, A trailblazer, he was one of the ones who came of age and helped popularize and commercialize the sport when television took over from the nineteen fifties forward. And UH interesting to some of the commentators are saying that as sad as the death of anold Palmer is, that could provide a lift for Callaway Golf, which bought the rights to Palmer's name an image regarding
golf project products he's met in two thousands. Will be interesting to see what happens with Callaway Golf. But I think anybody who is a golf fan or a sports fan is is single bye to Arnold Palmer Today of the share price down just a little bit for Callaway ten cents and eleven dollars and sixty three cents, I
want to mention Restaurant Brands International. This is the company that owns Burger King and Tim Horton's UH three G capital of the controlling shareholder Bill Akman's Pershing Square has a substantial steak as well. Restaurant Brands cut to the equivalent of self from neutral at the institutional firm Longbow Research UH Longbow setting sign that Burger King's growth in sales and new stores is slowing. H you put that
together restaurant brands to take on this one. Q s R is a quick serve restaurants down three point one percent, and I'll talk about the shares a Carnival Cruise Lines down one point to six percent, despite the company saying that first half fiscal cumulative advanced bookings are ahead of prior year at considerably higher prices. Fairs were higher in early morning trading but turned lower, perhaps for profit taking once again to shares of Carnival Cruise Lines down one
point six percent. Just a quick look at Twitter and Disney, as Walt Disney reportedly looking at a post bid for Twitter. Triffic story broken by our own Bloomberg News due Alex Sherman and Sarah Fire's interesting Piana. Here at the Eisner amper Uh event today, we spoke to Sam Sad, who is the founder and CEAT of Megalith Capital Management, who had a career in media before he got into real the state. He said to him, this deal makes sense, the streaming rights, all the four A into sports another
thing through ESPN. He gave it this deal thumbs up today and investors again boosting Twitter but not so positive on Disney. Just indeed, all Right now, it's time for the Volatility Index Report. It's brought to you by the c VOE VIX Options and Futures. Volatility can be harnessed with CBOE VIX options and Futures c disclosures. Learn more at cvo E dot com Slash Powerful Outcomes VIX. Taking a look at the VIX, it moved higher today. It surged by more than seventeen percent. It was up two
point to one, settling at fourteen point five. Oh. The move in higher volatility can also be attributed to people's concerns over the outcome of tonight's presidential debate. And just to note that Bloomberg's coverage Bloomberg Politics coverage of the debate will be carried live streaming on Twitter. Alright, my name is Dave. Just what do you think you're doing today?
We're going for Dave, Dave Well. I bet a lot of investors in lands and Dave wish they would have gotten that note from the CEO that he was about ready to leave the company. Kind of tough on the stock today, right, Yeah, it definitely was in fair mind.
Lands End is a casual wear maker and retailer SPAF about two and a half years ago by Sears Holdings UH Sears chief executive Eddie Lampert and his hedge fund on most of the company's shares lands and trades under the ticker l E. Stock peaked at fifty six hours and twenty five cents in December and plunged fifty seven percent last year as quarterly results were disappointing. The lossest man at this year, and the share set a record low in July. Now lands End had attempt at a rebound,
and then again. It was set back today after Chief executive Federica Marcioni resigned. She lasted less than two years after arriving from Dolce and Gabana's US unit. Marcioni's departure followed three straight quarterly losses accompanied by falling sales. Lands End named the two executives as co interrom CEOs, Chief Merchandizing and Design Officer Joseph Boitano and Chief Operating and
Financial Officer James Gooch. The management change prompted c L King and Associates to cut its rating to neutral from by. It also prompted some investors to sell the stock. Lands End suffered as biggest one day loss in twenty months, as the shares fell fourteen percent. Thank you very much, Dave Wilson, Bloomberg Stocks Thomas go ahead send him an email at d Wilson at Bloomberg dot net sign up
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