The aramco ipo will be a local event. The Worlds Largest oil company has decided it will not market shares to american, canadian, european, or japanese investors. Instead, they plan to rely on ultrarich saudis, most of which have impressed to buy shares. Regulationsosening to allow locals to buy more stock. Global news 24 hours a day, onair, and tictoc on twitter, powered by more than 2700 journalists and analysts in over 120 countries. Im Mark Crumpton. This is bloomberg. 1 00 in new york,alysts in oves 6 00 in london, 2 00 a. M. In hong kong. Im vonnie quinn. Welcome to bloomberg markets. From bloomberg World Headquarters in new york, here are the top stories from around the world we are following. U. S. Stocks in a range as investors weigh on trade update. President trump and secretary mnuchin meet with jay powell to talk about the u. S. Economy. Our conversation with u. K. Leader jeremy corbyn. How he plans to nationalize key industries, should he win the general election. And in o
Critics say it is not enough. And chasing tesla. New luxury car seeks to overrun tesla. We will run down the features, including the price. Slack chairs are plunging in after hours trading after the company gave its first earning report as a public company. While it beat analyst expectations for both secondquarter revenue and earnings, it projected slower sales growth for the second half of the year. Aboutsaid revenue will be 154 million in the third quarter, signaling that strong competition may dent the Software Makers rapid rise. Shares are falling about 15 in the postmarket, following the results that its poised for a record low. Joining me to discuss, nico and larry. Great to have you. Weve had a few hours now to digest the earnings. Give me some of the big concerns here. Is the big concern that Topline Revenue growth . Well, thats something i dont cover. I cover i work for technical professionals. I talk to the geek in the room, the i. T. Professionals about installing and securi
Critics say its not enough. Porschetesla, the we will run down the features, including the price. Now, stop shares are plunging in afterhours trading after the company gave its first Earnings Report as a public company. Expectations for secondquarter revenue and earnings. It projected slower sales growth for the second half of the year. It willabout signal strong competition to make the Software Maker a rapid riser. We do is poised for a record low. Isning me from to discuss our guest and on the phone is our other guest. Larry, great to have you. We have had a few hours to digest earnings. Give me some of the big concerns. Is the big concern the Topline Revenue growth . That is something i dont cover. I work for technical professionals. I talked to the geek in the room, the i. T. Professionals about installing security. From my perspective, there is still strong interest for slack from our metrics, if you look at the inquiries we get and other metrics we get around research reports. Ta
Struck in september 2017. Nearly 250 survivors and victims of a london tower fire are suing American Companies that make products used at the residential complex. The suit claims healthy Building Materials helped spread the flames at the granville towers, turning it into a flaming coffin for the people who died. Whirlpool, and an insulation maker. Global news 24 hours a day, onair, and tictoc on twitter, powered by more than 2700 journalists and analysts in over 120 countries. Im Mark Crumpton. This is bloomberg. It is 1 00 in new york, 6 00 in london, and 1 00 in Hong Kong Unit im vonnie quinn. Welcome to Bloomberg Markets. In hong kong. Im vonnie quinn. Welcome to Bloomberg Markets. From bloomberg World Headquarters in new york, here are the top stories on the bloomberg and around the world we are following. Trump threatens china again. The president saying he could impose tariffs of 25 or higher on 300 billion on chinese goods if president xi does not meet with him at the g20. Regul
Caroline im Caroline Hyde. Ed im ed ludlow. Caroline the president joins uaw workers on strike to discuss what it means for the ev industry. Ed the latest on the antitrust battles and the google trial continues. Caroline apples biggest start of the year. More on the product misfire. Breaking news around one Certain Company with regulatory requirements and ftc crackdowns. This the nasdaq is down one point 27 . Twoyear yields pushing up by two basis points. There is movement on the dollar. The vix is picking up with volatility issues. The ftc is looking into amazon. It is up from the lows of the day but down 3 . They are being affected by the Interest Rates and the selloff in big tech. Ed the ftc is saying that amazon takes punitive and causative actions of putting products of theirs about others are this is the fourth case against amazon specifically focused on the online portion of its business. This suit is what the ftc has filed in federal court. It has happened and now we go and ask