Bloomberg's Wilson on Winners, Losers, Stock of the Day (Audio)

Katherine Cowery. And as that closing bell sounded down, Industrial average out for fifty eight points at eighteen thousand, six hundred thirty six, SMP five founded up six points at nasdac A twenty nine points at fifty two sixty two, all three benchmark closing at records again as traders pushed back bets on higher interest rates amid uneven growth in the economy. Paul Christopher Global Market started as a Wells Fargo says earnings growth can continue to fuel gains in

the market. Ask for where that growth will come from. That growth is going to come from some some combination of of revenue gains that we think will be modest. It's also going to come from energy flattening out. Energy has been a very big drag on the market this year, and it probably also comes from some further cost squeezing that you may see from some fur are around the street. West Texas Enemity accrued up a dollar thirty six of every right now three percent trading at eight five spout

gold up a dollar seventy announced at thirteen nine. Ten year treasury down thirteen thirty seconds, with the yield of one point five. Among today's top business stories, John Williams, president of the Federal Reserve Bank of San Francisco, is calling for monetary and physical policymakers to rethink the way they operate. He says the US is getting a taste of a new economic normal that warrants a change in orthodoxy.

Williams urged governments to prepare to provide a stronger fiscal backstop and central bankers to consider scrapping the practice of targeting low inflation. Black Rock is reducing its exposure to long dated U S treasuries. Increased hedging clasts from Japan to Europe are making treasuries less attractive to some foreign investors. Home Builder confidence climbed in August to steady job growth and low interest rates boosted prospects for the residential real

estate market in the second half of the year. The Nation, an association of homebuilders, Wells Fargo, reports it's parameter of builder sentiment rose to sixty from a realised fifty eight. Post properties shares at Rallied min America Apartment Communities is agreed to buy the Real Estate Investment Trust for about three point nine billion dollars. And now let's get an update to some of the other stories we're following today. Catherine,

thank you from the Bloomberg News room. I'm Mark Crumpton. Milwaukee, Wisconsin Mayor Tom Barrett is accusing outsiders of quote deliberately trying to damage a great neighborhood in a great city. His comments follows Saturday's fatal shooting by police of a

black man. Police Chief Edward Flynn, the community was a victim of the disorder and the damage more than anybody else, and large numbers of those community members, as you saw yesterday, trying to repair that damage, clean up after that damage, carry on as normal life as they can, despite the loss of jobs and amenities that was caused by the disorder. Protests and riding have taken play saw Milwaukee's predominantly African

American North Side. Authorities say that the man who was shot, Silvel Smith, turned toward an officer with a gun in his hand. Officials in Louisiana are warning residents that the danger of flooding is not over Benton rouge Meyer, Kip Holden. We have some homes where water is up to the roof, and we have paper going in in the search and rescue operation to see whether or not people may be chapped in those homes and have not gotten out. The flooding has left at least six people dead. The area

has been declared a federal disaster site. A Siena College Bowls says Hillary Clinton has a thirty point lead over Donald Trump in their home state of New York. The survey found voters ray Clinton has more qualified and likely to be more effective in dealing with Congress. When third party candidates are included, Clinton's lead over Trump dropped slightly to twenty five percentage points. Global News twenty four hours a day, powered by more than twenty hundred journalists and

analyst in more than one D twenty countries. I'm more Crumpton, this is Bloomberg, Katherine, thank you. And now let's get a quick check of the benchmarks as they begin to settle down. Industrial leverage up fifty nine points to eighteen thousand, six D thirty five, smp F I founded up six points to nine and as Jack have twenty nine points to fifty two sixty two, and those are records for all three. That's a Bloomberg business flash move around most

grade promotion. I feel eater move. You moved like a do I've never seen anyone move that fast. Five peop let's move like you've got a purpose. He's called movers and shakers. They cost a little more. That name cracked me up. Bloomberg taking stock movers and Shakers with pimp

box and Kathleen as on Bloomberg Radio. Movers and Shakers for Monday, August fifteen twenty is sixteen three hundred and thirty six members of the S and P five hundred advance, one hundred and sixty six issues decline, and three are unchanged. I want to bring in Bloomberg Stocks. Comments to Dave

Wilson to kick off our movers and shakers. Dave, you know Twitter made this deal a few weeks ago to broadcast in essence National Football League games streaming videos what we're talking about, And now it looks like the social media company may be able to make a deal to bring its app to Apple TV, so people using that service can watch the NFL games on Twitter. This is a report of the new York Times, citing two people

briefed on the discussions. And we're about a month away from the NFL season beginning, so this is definitely kind of front and center for investors. Twitter shares of six point eight percent on the day. Well this is on the same day, of course, Dave, there's a report today out about advertising social media, Twitter losing some of its standing by at least one recent survey. But let's be one of the home builders, the other end of the spectrum.

You know, I'm a macro maven, so I love it when a report like this one today from the National Association of home Builders. We just heard Katherine Cowdy reporting on it. It's their home Builder Confidence Index rising to sixty from revised fifty eight. Anytime it's above fifty, it's good. So this is just getting better all the time. Measure of six months sales and the outlook for that rising to sixty seven from sixty six. So there's a big

plus there. And you know that report comes out every month, but the home builders must have been poised to jump on it because the Toll Brothers numbers the at the close of the day up more than three percent. Poulties up one and a quarter percent, Lenar up one point two percent about and dr horton about point nine percent. Pen Let me tell you about the shares of Twilio. The shares jump more than nine percent after posting its

first quarterly report. Is a publicly traded company. The shares of the cloud computing software business rocket it more than sixty percent when it opened for trading as an initial public offering. Currently, Twilio's chief executive Jeff Lawson, said that new customers such as BMW, The Home Depot, Nike Salesforce, dot Com, and Amazon Web Services are helping the company's business. The company's technology is used to communicate with customers via text, video,

and voice. They posted a first quarter loss of eight cents that compares to an estimated loss of fifteen cents. Revenue was also higher than estimated sixty four and a half million dollars compared to an estimated fifty eight million. Twilio up more than nine percent, and that's just one day's trading. Twilio sold at fifteen dollars to share in on June twenty two, today closing at fifty seven, so it's almost quite ruple from its initial public offering price.

That's saying something. I want to mention the best performer in the SMP five hundred index today and that would be Chesapeake Energy. Now, this is a company that's really suffered. There's a result of falling oil natural gas prices. They're dealing with nine billion dollars in debt. Well, they made a move to address that debt burden. Uh. They're going to banks looking for a billion dollar loan and they're gonna turn around, take the money and use it to

buy back some of their debt. In fact, Chesapeake made an offer for about half a billion dollars in debt already. That came out today, and the prospect that they might get their arms around their debt burden a bit again went over well. Chesapeake Energy up nine point six percent. Big news today in the world of apartments and reats as uh, Mid America Apartment Communities agreed to buy Post

Properties for about three point nine billion dollars. It forms a company with about a hundred five thousand multi family units amid amid rising demand for rental housing. And we're seeing as a result of this, actually we got Post Properties having a vice pop about nine point four percent in but Mid America often happens this way. Uh down about four point nine percent. I'll just quickly give you one more. Cisco. This is the food distributor, number one

food distributor in North America. The shares are up nearly three percent at one point today, closing down about a tenth of a percent. They're based in Houston. They are looking to expense controls contributing to better than estimated earnings. Another point is that Trian Fund Management increased at stake in the company. It's got about a seven point eight percent position in Cisco. Of course, try and run by

Nelson Pelts and Josh Frank. Time now for the Volatility Index report, brought to you by cbo X Options and Futures. Volatility can be harnessed with cbo A VIX Options and Futures c disclosures. Learn more at cbo A dot com slash Powerful Outcomes VIX. The VIX is closing up today about point to six of a point at eleven point

eight one. And it's interesting, um with the VIX falling, fear retreating despite some very prominent investors saying sell the stocks you own, UM, it's the stock market, of course, continues to climb to an all time high, but just

to show how much fear has retreated. Even though it's up a little bit today at eleven point eight one, it's not too far from her it was on August nine when it fell as low as eleven point oh two, not far from its intra day record low of well pretty far actually eight point a nine back at the end of all right, Dave here, Hi, my name is Dave. Just what do you think you're doing today? We're going for a Dave Dave Hey. Mr Wilson, tell us about

Select Comfort. We know, one of those betting makers and retailers that kind of came front and center a week ago when you had that two point four billion dollar takeover offer from Mattress Firm Holding. It's sort of indicative of a recovery that's really been going on in the stock since February when it hit a low along with

the S and P five hundred. More broadly, and just to put this in context, I mean, since twelve, Select Comfort has been swinging between about fourteen dollars and thirty six dollars, So we got to the round the fourteen dollar number earlier. This year's Select Comfort by the way trading under the ticker s c S s NOW. There's

a rebound going underway. As I mentioned in the recovery gained some steam today after Piper Jeffrey raise its rating to the equivalent of buy from hold, and it was Peter Keith wrote in a report that he's more confident in the company's fourth quarter prospects and season earnings for next year, beating his peers estimates. Keith lifted his twelve month price projection for the stock to thirty one dollars.

That's the highest amongst six analysts in Bloomberg survey, and in response, Select Comfort rose to its highest price in more than a year. The stock climbed almost seven and a half percent. Thank you very much, Dave Wilson, Bloomberg Stocks, Thomas go ahead send him an email at d Wilson at Bloomberg dot net. Signed up for his daily pre email newsletter. This is taking stock, I pim fox my coast. Kathleen Hayes. This this Bloomberg coming up small businesses, helping

them get the capital they need to grow. Small business lending platform Cabbage and its partnership with Scotia Bank. This is Bloomberg. H