With a but of Dollar Strength of their in advance of the ecb on thursday. A quick look at u. S. Stocks, i huge day for earnings both good and not so good. Here we have some of the better ones, leading the s p 500 is hasbro, aladdin toys were very successful. After it is up 5. 6 Beat Estimates as well. Those stocks are higher now so you might think why isnt the s p doing even better than that . Still below 3000, but that is because some earnings stories were not so good. This is their worst performer in the s p 500. Guy getting back to our top story, Boris Johnson has won the race to lead the party and by extension become the next Prime Minister and he has made it clear what his top priority will be. Theres a mantra for the campaign the adjustment by case you have forgotten it. Deliver brexit, unite the country, and defeat jeremy corbyn. That is what we are going to do. Bit of insight now on what exactly is going to happen next, for that we are joined by our Bloomberg Government u. K. R
Governments. Computer says no. A Technical Glitch holds trading for more than three hours. Raising tensions on wall street as details on the outage remain unknown. Air france lands a deal with dutch pilots over pay and benefits clearing the way for its restructuring plan. Hi everyone. Im seema mody. Coming up on todays show movers and shakers as some of the biggest names in business gather in idaho. Well discover what black bustockbuster bids are in the work. Plus would you turn down 30 murder in the Second Degree for a business idea . Well show you what happened with the creators of a dating app appeared on primetime. Chinese security regulator stopped large shareholders from cutting their stake. The ban will last six months with those not adhering to the rule facing punishment. Its up 5. 8 . Martin has the latest for us in singapore. Thanks a lot. Wilfred good morning. Thats the big story here. Limiting big shareholders. 5 or more from selling out for at least six months. Thats the m
Earnings season. Alcoa the First Company out of the gate with mixed results. Specifics in just a minute. But the broader moment set up here perhaps more nerve racking to markets. Thompson reuters predicting the s p 500 profits will contract 4. 4 in the Fourth Quarter. That would mark the Second Straight Quarter of negative Earnings Growth and the fourth straight time Profit Growth declines from the prior period. Ill be watching for any sign of Revenue Growth which is also set to contract this season and of course the outlook is going to be key. What Corporate America has to say about guidance. Absolutely right although the big market story this morning, an Energy Collapse. Prices, lets have a look at them as were trading right now. Wti down a further percent. Brent down about. 3 and both hovering around the 31 level. Overnight a couple of opec members requested an emergency meeting due to the current market conditions. Meantime managed short positions in wti are at a record high. This
For what happens next. In corporate news, becky, apple hold ago product event in california today. The company is expected to unveil the latest event to the companys new line. Mavericks operating system. In other tech news, nokia launching its first tablet today along with two large screen smartphones. These are among the last products the company developed to compete with apple. And samsung. Before deciding to sell its hand set business to microsoft. Microsoft, service 2 and service 2 pro tablets go on sale in 22 initial markets today, including the United States. Both are updates of the first generation surface tablets released last october. Improvements include increased battery life and higher resolution screens and camera peps joe, get your geek glasses on today. You know what, steve . I am more interested in this jobs report than the next one. I dont why . Because im not interested in what the shutdown did. Im interested in the basul level of the next two will be a mess. The expe