Stock Alert: Guess? Shares Up 16%

Ben Shapiro rips into 'damned liar' Pelosi over salon visit: 'The rules don't apply to the important people'

Nancy Pelosi visits San Francisco hair salon despite pandemic closure

Pelosi claims she didn’t know it was illegal; William La Jeunesse reports.

House Speaker Nancy Pelosi, D-Calif., visited a San Francisco hair salon Monday despite local coronavirus ordinances keeping salons closed because "if you hold the right political view, then COVID doesn't apply to you," Ben Shapiro told his listeners Wednesday.

"Everybody who owns the hair salons has to shut down their business but Nancy Pelosi, she can get her hair done today because Nancy Pelosi is a very important person," "The Ben Shapiro Show" host said. "Unlike you, and unlike me, and unlike anybody else, the rules don't apply to Nancy Pelosi."

He continued, "Everybody knows the rules. If she tells you that she didn't understand the rules it's because she's a damned liar, which she is."

Florida Boosts Hurricane Fund Debt Sale by 56% to $3.5 Billion

Florida saw such strong demand for the bonds issued for its hurricane catastrophe fund that it boosted the sale by $1.25 billion.

The state up-sized the deal to $3.5 billion from an original amount of $2.25 billion. Taxable 10-year bonds priced at par with a 2.15% coupon, or a 149 basis point spread over Treasuries, in line with what senior manager Bank of America Corp. offered during preliminary pricing.

Ben Watkins, the state’s director of bond finance, did 24 one-on-one calls with investors and had a 104 different buyers participating in the sale, he said in a text message. The reception was “in an entirely different zip code relative to the number of investors participating in prior transactions,” he said.

Watkins said the state sold longer-dated bonds then they had before to take advantage of the flatness of the yield curve and satisfy investor demand. The state sold $1.2 billion of three- and five-year bonds in 2016 when it issued debt for the catastrophe fund. This time, it sold them in lots of five-, seven- and 10-year maturities.

“The hope is to create a loyal following of investors by being completely transparent on the Fund’s finances and operations,” he said. “Better than a home run, it was a grand-slam.”

LA penthouse from ‘Westworld,’ ‘Morning Show’ heads to auction

On “The Morning Show,” the fictional news anchor played by Steve Carell occupies a sprawling Los Angeles penthouse, which is hitting the auction block auction next month.

The two-bedroom, 3½-bathroom unit at 1050 S. Grand Ave. in Downtown LA is 3,900 square feet.

The minimum bid for the auction, set for on Oct. 22, is $4.75 million.

The seller bought it raw for $4.5 million in 2017 and built it out.

The home, which first went on the market last year for $5.99 million, is currently set up as “the ultimate bachelor pad,” says Misha Haghani, who heads auction house Paramount Realty USA. “But it would also be good for a family.”

The home features three outdoor spaces, including a wraparound terrace on the first floor and a private terrace off the master bedroom.

Other TV shows filmed in the penthouse include HBO’s “Westworld.”

It’s also next door to a penthouse formerly owned by actor Michael B. Jordan of “Black Panther,” “Fruitvale Station” and “Creed.”

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Cardi B, Taraji P. Henson renting this $35K/month Malibu manse

This Malibu mansion, on the market for $35,000 a month, is in demand.

Cardi B and Taraji P. Henson are both slated to rent the contemporary home at 23903 Malibu Knolls Road, says owner Betty Moon.

Moon, who is a singer, songwriter and producer in LA, calls the house overlooking the Pacific Ocean her “magical getaway to relieve all the stresses of day to day LA life.”

Neighbors include Robert Downey Jr. and, Moon quips, “with a decent set of binoculars, you could see into Ed Norton’s bedroom from here.”

Moon reports that Matthew Perry (who is buying and selling Malibu properties right and left) rented her home for the month of August.

For the month of September, the new tenants are Justin Effron and Julie Ulrich Effron, co-founders of ALICE, a New York-based hospitality startup with $39 million in funds from investors like Expedia.

Cardi B has booked November, while Henson is signed up for January through April.

The three-bedroom, three-bathroom home is 2,100 square feet and sits on over an acre of land overlooking Surfrider Beach.

Moon, who bought it for $2 million and added another $2 million in renovations, navigated her way through Malibu’s tough building bylaws to add a $500,000 pool, spa and fire pit.

Claire Dorfman of LA Estate Rentals brokered the deal.

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Stock Alert: Guess? Shares Up 16%

Shares of Guess? Inc. (GES) are rising over 15% Wednesday morning, after the company reported narrower-than-expected loss and upbeat revenue for the second quarter. The stock has been trading in the range of $3.64 – $23.58 for the past one year, and is currently trading at $14.05, up $2.04 or 16.99% in the regular trading session.

The company’s Q2 GAAP net loss was $20.4 million or $0.31 per share compared to a profit of $25.3 million or $0.35 per share last year.

Adjusted net loss was $0.6 million or $0.01 per share compared to a profit of $27.4 million or $0.38 per share reported a year ago.

Total net revenue for the second quarter of fiscal 2021 decreased 41.7% to $398.5 million, compared to $683.2 million in the same prior-year quarter.

Analysts polled by Thomson Reuters expected a loss of $0.57 per share on revenue of $384.82 million for the quarter. Analysts’ estimate typically exclude certain special items.

The company expects revenues for the third and fourth quarters of fiscal 2021 to decrease in the mid-teens range.