And less cash in home buying and lender underwriting. Weve talked a lot about some loosening in the market. More adjustable rate loans and even interestonly loans coming back. Freddie mac made some changes when it comes to student low debt as well. That should give branks and nonbank lenders a boost in earnings for the year. We actually have more housing data out today. Mortgage makeses edging up ever so slightly 0. 1 last week but existing home sales, thats where i really want to focus in on because they came in quite strong. Right . Yes, mandy. Were seeing healthier sales in june. Prices, not so much. Sales gained a larger than expected 3. 2 in june for the month, up 9. 6 for the year. Thats the strongest monthly pace in over eight years. But they came at a very high price. The median existing home price hit 236,400. Thats the highest ever. It is due to tight supply up less than half a percentage point from a year ago, just 2. 3 million homes for sale. It is also due to more expensiv
The first officers heard the gunshots and they still ran through that theater. They do an amazing job protecting us every single day. Im grateful for their heroism and i think well hear other stories from folks inside the theaters as details come out. Were switching gears this morning. We have breaking news right now. It is now official anthem is buying cigna for 188 in cash and stocks. The transaction valued at 54. 2 billion on an enterprise basis. This of course, a transaction thats been long in the making. Weve talked about it over and over as other deals have come and gone. Weve seen etna now merge with humana. There will be issues and questions in washington about regulatory questions, about consolidation. Just to give you a couple quick breakdowns, its 143 per share in cash 0. 5152 shares in anthem stock. You might remember this deal was held up for at least a bit because of questions about the roles of the different ceos in this. Questions about what was going to happen to David
Now on bbc news click. This week life on the ocean waves. A big cloud makes a big bang, which makes a big cloud. And climbing higher and higher, and back down again. This weekend, the Worlds Toughest sailing race begins. Held every three years, the volvo ocean race starts in alicante, in spain, and ends in the hague, in the netherlands. Now, that doesnt actually sound very far. But, in the middle, there is the small matter of 16,000 nautical miles, taking in 12 cities in six continents. And, with broken masts, capsizes and icebergs almost guaranteed, this is no luxury cruise. To try and make this journey even possible, technology inevitably raise its head. These are some of the most advanced sailing yachts ever designed, and we were given special access to one of them during crew training. 22 october sees the most extreme offshore event in the world began. Were just testing if we can figure out trying to sail through that wind. Were really struggling at the moment to try and make the b
To care about, he should step aside. Right and later tweeted that the policy of mandatory antiharassment and antidiscrimination training. Global news 24 hours a day powered by more than 2700 journalists and analysts in more than 120 countries. This is bloomberg. Emily im emily chang, and this is bloomberg technology. Coming up, new details on apples nextgeneration of the iphone. The iphone x has just hit stores, but the company is already at work at a new technology to its upcoming device. Plus, airbnb hit a new milestone. The Company Continues the strength of posting a profit with 1 billion in revenue. Can the rental startup keep growing . As the debate over saxophone continues in congress, we will discuss the impact for the Tech Industry from the Big Companies to startups. First to our lead. Apple continues its neverending cycle to ramp up the Technology Used in the iphone. The Company Plans to take another step toward turning the smartphone into an ar augmented reality device. Apple
Business news live from singapore. Foxconn announced a ten Million Dollar investment to build a Manufacturing Plant in the united states. On facebook reports a major bump in profits. Hello and welcome to Asia Business report. I am sharanjit leyl. To Asia Business report. I am shara njit leyl. Taiwanese Electronics Manufacturer foxconn Just Announced plans to build a Flat Panel Screen Plant in the united states. At an elaborate Press Conference in the white house a short while ago, foxconn said it is investing million 10 million. I asked our correspondent how big a deal this is for the us economy. President trump campaigned on the idea of bringing Manufacturing Jobs back to the united states, especially in americas heartland. So certainly from his perspective, and from his bases perspective, this is a really big win. You see this is a really big win. You see this Company Coming in, investing 10 million, that is going to create 3000 jobs, and is just 10 million, that is going to create 3