Conversation with michael dell. First to our lead, the worlds most valuable startup may be going public sooner than we think. The incoming uber c. E. O. Met uber employees wednesday and thinks the company should go public within the next few months. He also outlined some of his Top Priorities at the job, including coming up with a new set of Core Principles and bringing in a new chairman to help implement the agenda. Uber tweeted out some of his remarks, saying, the company has to change. What got us here is not going to take us to the next level. In addition to taking the ceo chair, he will likely get a seat on the board, opposite chairman Travis Kalanick. Meanwhile, Travis Kalanick has already expressed interest in returning to a more active role in the company which could create a potentially awkward dynamic that khosrowshahi will have to manage. In the meantime, it was all smiles at the new Board Meeting as Arianna Huffington shared this selfish on the changing of the guard at the
All that is coming up in the next two hours, but we are 13 minutes into the u. S. Trading day. The bond market is closed because of columbus day, but stocks are trading. Abigail we are looking at very small moves. The dow and s p 500 down ever so slightly. The techheavy nasdaq up so slightly. The nasdaq and the dow have put in a bigtime highs on the day. This happened after last weeks gains on the average. The longest winning streak since march. Stalled ofay be course. We do have a little bit of a tift between President Trump and bob corker. And senator bob corker. They are saying that tax reform is not likely to happen this year. We have various small moves very small moves. Remembered what happened in the last bull market in 2009 with the big financial crisis. What is interesting, in white, we have the s p 500. In yellow, we have the returns. This includes dividends. We see over the last 10 years, 60 of the return is from price 100 alltion, and 40 is in returns. Interesting to see th
If you happen to be watching from the u. S. It is a bank holiday in the u. K. , too. Chinese markets are closed as well. The stoxx 600, pretty flat there, bearing all that in mind. The dollaryen, pretty unchanged at 111. 31. We did see a little strength earlier after those comments from John Williams. Cable is up. 2 . That has been moving fairly strongly ahead of the u. K. Election and a sterling did have its worst week this year last week. And keep your eyes on the 10 year italian yield. It looks like it is down two basis points. It was moving higher earlier, after comments from the Prime Minister. Lets get the bloomberg first word news. Reporter north korea has conducted another missile test. South Korean Military Officials Say the missile, which appears to be a scud variant, was fired off of north koreas east coast. It comes just days after World Leaders vowed to take tougher measures against kim jong un. British airways says many of the Computer Systems a running again. That is as
Anna a very warm welcome to countdown. I am anna edwards. It is just past 6 00 in the morning on this friday morning. Lets talk about what has been happening with sterling. We heard from mark carney at the bank of england in the latter part of the trading day yesterday, and we can see the effect that had on the pound, not the one highlighted in red. Yes, in fact, the one highlighted in red. There was little bit more stability coming through in the pound in the wake of the big falls we saw last friday. In the wake of that, weve seen a little bit of a recovery or stability in the pound, and that took another leg down as we heard mark carney speak. Saying, brexitr may prompt summer policy easing. Lets check out the msci asiapacific, a decent session the last couple sessions in asia, and today, up by about 0. 5 . Is this based around for bets, more stimulus coming through from the central bank . We will discuss that. Weve got silver in here, and that is up strongly, up 2. 4 , the biggest i
Futures little bit negative here in the u. S. On over in europe, 1. 3 . Y stocks 600, down almost 8 last quarter, switch on the board. Global market being reduced to what feels like one big fat trade. Stronger euro. Score card and treasuries ahead payrolls. Yields pushing higher by two bases point. Crude prices down by 2. 43 . The bottom one, bought to you by saudi arabia. Love these little. Ponsorship we will start getting money. Justt to point blackberry cents a, loss of three share. Lets get a check of the headlines. Starting with saudi arabia is getting ready for the twilight oil age by creating the sovereign fund. Themmed bin salman said fund will control more than 2 million. Asset will be shared. At the Nuclear Summit in the focus will be on islamic state. President obama will try to efforts from again oh keep getting nuclearettin facilities. And new york are with the first states with the 15 minimum wage. Approved in california the higher wage to take effect 2022. L by governor