Broadcasting live to New York, Bloomberg to Washington, d C, Bloomber to Boston, Bloomberg twelve hundred, to San Francisco, Bloomberg ninety to the country Channel one ninety and around the globe the Bloomberg Radio plus Dappen Bloomberg dot Gone. This is taking stock. What kind of dreams do you have sleeping on a one hundred and forty thousand dollar bed. Well, let's call the Vividous and it is made by a five generation, family owned Swedish manufacturer called Hostins. That you're
gonna hear from the owner of Houston's coming up. But first let's go Charlie Pellett. He is in the Bloomberg newsroom with the Bloomberg Business Flash, and I thank you very much, Pimp Fox. We have got the doll the
SMP nez stack. They are all declining right now. And this update is brought to you by Sector Spider E T S Y by a single stock when you can invest in the entire sector of as a sector s P d R S dot com or call one eight six six Sector E T F. Johnson and Johnson is buying Abbot Labs eye surgery equipment unit for four point three three billion dollars in cash, moving the healthcare giant toward its goal of boosting its three core businesses. This
according to a person familiar with the matter. Shares of Johnson and Johnson they are down two tenths of one percent. Abbott is up one point seven percent. Stocks are retreating as investors await next week's Federal Reserve meeting, with economic indicators pointing to uneven growth in the U. S economy. Banks and energy producers carrying the steepest losses today. Crude oil sinking to a one month low. West Texas Intermediate crude now at forty three twenty three. It is down
one and a half percent. Brent crude is down one point three percent. Twitter shares their up today, gaining three and a half percent. It's new NFL Live video feature proving popular, but Canna Fitzgerald, internet analyst use of Squally, says it are still has more work to do. Look, I think this is part of the answer. The other part is to dumb down to use your experience. We still think that you know, even with three hundred million users,
they're still potentially scratching the surface. When you look at Facebook, at one point seven billion. The big differences. Twitter is still too difficult to use for the average user. Twitter shares again up by three point six percent, Gold down five eight or dropped. There are four tenths of one percent. The ten yere the yield there one point six nine percent again, stocks lower twenty eight minutes to go. The SMP downs seven a drop of four tenths of one percent.
Three two on Wall Street. Now we'll look at the other stories making news. Thank you, Charlie from the Bloomberg News Room. I'm Jill Schneider. This news update is brought to you by the Jeep Grand Cherokee, the most awarded suv ever. The Grand Cherokee continues to raise the bar with its luxurious interior and legendary four by four capability. Drive one your local Jeep dealer. Today, only Hillary Clinton and Donald Trump have qualified for the first presidential debate.
On September, Libertarian Gary Johnson and the Green Party's Jill Stein missed the percent polling threshold needed to be included. After being one of the main voices of the so called Bertha Movement, Donald Trump is acknowledging that President Obama was in fact born in this country. Hillary Clinton and her campaign of two thousand and eight started the birth controversy. I finished it. I finished it. You know what I mean. President Barack Obama was born in the United States period.
Hillary Clinton's campaign denies the claims that she started the controversy. Clinton is back on the campaign trail after taking a few days off to recuperate from pneumonia. At the Black Women's Agenda Symposium in d C today, the Democrat presidential nominee said she should have followed doctor's orders, but was trying to push through the illness like many women do. Life has shown us that we do have to work harder at the office while still bearing most of the
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Business Flash. You're listening to Taking Stock with Kathleen Hayes and Pim Fox on Bloomberg Radio Superior Sleep. Is there such a thing as superior sleep? Although certainly is a thing such as luxury mattresses and beds. And here to tell us or is Jon Right? He is the executive chairman and the owner of Houstin's Group, Hostins, currently making one of the most luxurious beds available, and he's here to tell us more. John Right, thank you very much
for coming into the studio. Appreciate it. Tell us about the company, about Houstins. It is a fifth generation business. Tell us a little detail. Well, the company was founded by my grandfather's grandfather twenty second of March eight hundred fifty two. He wants a master saddler and he wanted to make manufactured products at are of enormous value. He wanted to give value to the consumer. Um that's the reason he started the business as a as a master suddler.
What are some of the qualities of a high quality mattress or bed. It has to do a lot with the materials that are used, correct. Yeah, we want to product develop and make the best possible belts because we believe that sleep is so important. And when we develop about if you make them so that you notice that you notice that you don't notice about you notice that you don't notice that you notice the bed. Yes, what
does that mean? It means that it's completely transparent. You float in the bed and you fall asleep so much faster. You fall asleep faster because of the natural materials that keeps you in the right temperature. You fall asleep faster because the support that gives you this fluting feeling thanks to the all the details we put in place. Now. Some of those details include such things as wool, cotton,
horse hair also reinforced. The springs tell us about the system that goes into this, because there's something called the spy viral spring system, the boarder, the bonnel spiral spring system in Houstins beds. Yeah, the important things is when you lie in the bed, or regardless how you move or or find yourself really bad or in when your partner move, you will not feel the boat. It's it moves and support you, so you fall asleep fast. In
the Houstin's bed. You also get to support that makes your body heal and get all the benefits of real good sleep. Now you've got to tell us about the newest bed that you've introduced, I believe, and this is the Vividus. By pronouncing that correctly, yeah, okay, And this is the estimated price, one hundred and forty thousand dollars. I should add it comes with what three and twenty hours of hand attention, that's how long it takes to make.
And it comes with two hundred and ten kilos kila, being a little bit more than you know, almost twice as much as a pound two and ten kilos of natural materials. We we make bads for people who prioritize sleep, and of course we have beads from five thousand dollars and upwards. And the viavd Us is very special because thanks to all our supporters and very happy customers, they demand or tell tell us if you ever developed an even better bed, we want to have that too. So
the pressure is on. And more than ten years ago we started to develop the viva Us to make an even better bed. And this is a decade to make this. Yeah, it's all together. We have a lot of knowledge, but we won't release the product before it's completely tested, Before we know that we can deliver value for money even in this price range. And you mentioned some of the other beds that you have. For example, you have a
line called the Classic the two thousand tea. What distinguishes those mattresses and those beds from perhaps those that you would find in a department store. All our buds are made. We were the same idea to make about as as good as we possibly count. So all of them are extremely good. Are Los Angeles partner told me recently a store that to one lady from Inglewood in Los Angeles came into the store and she had saved for seven years to buy our entry level belt. So our belts
are regardless of price range, so good. And they are for people who prioritize sleep. Are they all made in Sweden? Where where they where they constructed? Yeah? They are all made in Sweden. In shopping it's it's a small town two hours drive from Stockholm. If you decide to purchase one of these beds, can you actually go and see your bed being made? Yeah you can. We can arrange that and we will be happy to to do that. On the many people do what kind of bed do
you sleep on? Which model? Hostens do you sleep on right now? I do sleep on the way with us. You're trying it out, trying that dot. Have you had any any Do you have any any negative to anything negative to say about it that you wish was different? No, it's so good. But I can also tell you I have a couple of other really good belts. That's my favorite in our assortments. So there are planty of good belts.
I want to thank you very much for spending time with this young Ride is the owner and the executive chairman of Hostins and his new bed A hundred and forty thousand dollars works out to about four hundred and sixty two dollars a pound. Coming up on taking stock. Will be speaking with Doug Cioca. He'll be telling us, as the partner and CEO of Kavar Capital, what to do with your money. If you're successful, who knows, maybe you can afford a Houston's bit