We will hear from the head of west coast listings jeff thompson. Lucids desert oasis just finished a listing in san francisco. We will get a picture of supply and demand with first, u. S. Stocks started the month off by hitting records on stimulus talks and covert progress. Salesforce says it will proceed with plans to buy lack for 7. 7 billion to buy slack for 7. 7 billion. Slack prices up, salesforce had dropped. What do we see after hours . Abigail both shares are down. The idea that salesforce. Com would buy slack, now lo and behold, that is happening. As you mentioned, 27 point 7 billion in cash and stock. Some are wondering about the cash piece. Salesforce. Com does have a lot of cash, so using it here for this deal, and i think the bigger thing to take a look at is the fact that salesforce. Coms Ceo Marc Benioff has made more than 60 acquisitions, as you know, in his 21 years, making salesforce. Com the conglomerate of all these different pieces. Now they have this Communication
Come whichrevious also been revised higher. There was some expedition that as prices come up because of the fact you can get cheap lending at the moment or cheap borrowing , you would expect that at some have, that would start to an impact on a month by month basis. Nevertheless, the market was looking for this month on month number two actually slow, and that hasnt happened, which is really interesting and the light of what we are starting to see in the employment market. We saw initial jobless claims out a little bit earlier on. Youre starting to see the negative data could begin from the employment side of the economy, starting to come in a little softer. Bloombergs mike mckee joining us now with the details of that. Michael at one point on the housing numbers, existing home sales or closings, so these contracts were signed a couple of months ago when things were a little better in the economy, and we got low mortgage rates, so the one thing the fed has been able to do is stimulate
Want action to stop the virus fallout. Nato calls for International Cohesion on security. Consumer Price Inflation breaking out of south korea. We are seeing month on month deceleration of. 1 . The deceleration, though, is easing from the previous month when we had been pulled down and undershooting Inflation Numbers because of subsidies from the government. Also we are seeing acceleration of 0. 6 when it comes to the euro. Slightly missing estimates, but when you seek out fresh food and look at the core cpi numbers, it is still growth of 1 . Of course, we still have some spare economic capacity in south korea, but remember the Third Quarter final gdp numbers actually beat expectations, and still, Inflation Numbers are very much away from that target coronavirus pandemic raging across the world. Haidi we have just had the beginning of the testimony of the rba governor, appearing before the Economics Committee today, so be watching out for some of those, particularly regarding news on t
A big trade wars have never been useful or successful for anybody . Nobodys ever want to trade war. And i hope that mr. Biden is smart enough to know that too, and try to bring america back into asia and other trading nation. Thats a wrap for this hour. Check out our home if you want more details or of course many more stories updated on the day. I have a great job. Join me every we do aerial reconnaissance. We do have to say im discussing her disappearance, but i think if you cannot stand pat and i can find one here and one can find i didnt have one so its so long around the home and lead to exclude couldnt it be you can come up because some people who have to put up there to make things out of company could point to the t. V. This is a good person to put some company because they come up the nazi to get some support someone to give up a whole day. What night it will be. It will be better. Im in season. Palms out simple. And you have a good lawyer, a pretty good let me know way. But y
Hello i look back to the france 24 newsroom. I am thomas waterhouse. The second american Drugs Company offers a fresh glimmer of hope with moderna saying its covid19 vaccine is 95 effective. The is trying to secure doses for the u. K. Who are already placing an owner. Order. Also, talking Recovery Plan. Frances zero minister is confident a solution can be found following the vetoes from the eastern Member States. And the u. S. President elect has on the bones of his economic vision. Joe biden says a new covid19 stimulus package needs to be quickly put together but he is also calling for a raise in the National Minimum wage. We will have more in our business update. It has been described by americans leading expert on Infectious Diseases as the light at the end of the tunnel. In the second time in recent days, the u. S. Drugs company has come forward to say that its experimental covid19 vaccine has been massively successful. Earlier this monday, moved during moderna inc. Says its trial