Morning Movers: Time Warner, Anhui Conch, Coach

Aug. 1 (Bloomberg) -- Bloomberg's Tom Keene, Scarlet Fu and Mike McKee highlight the news you need to follow for today's trading. They speak on Bloomberg Television's "Bloomberg Surveillance."

Hedge Fund-Replicating ETFs Hurt By Summer Selloff
32:41 - Hedge funds replicating ETFs are seeing returns lagging behind the S&P, while funds in distressed debt are seeing their worst year since 2008. Bloomberg's Joe Ciolli and Simone Foxman report on "Bloomberg Markets." (Source: Bloomberg)
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