Percentage point hang canning down and shanghai off by about. 9 active trading in europe now youll see red arrows across the board. Biggest decliner is the ftse 100. Look at whats been happening in the treasury the 10year is yielding is 1. 824 zben well above 1. 8 talk about pg e, saying its power lines may have started two wildfires over the weekend in the bay area the fires began in a section of town where the utility opted to keep the lights on another round of blackouts is expected to begin today as more strong winds move on shore the u. S. Is considering extending tariffs. Skapgss on nearly 1,000 products in september, they plan to exclude American Farm goods. Bowings ceo said that their company made mistakes and got some things wrong. We own that and are fixing that. Saying boeing employees felt pressured during the certification process. That hearing begins at 10 00 a. M. Eastern well watch closely and talk to two senators who will be questioning mullenburg lets talk shares of G
Road map begins with china trade concerns, retails biggest sales decline in seven months, corporate earnings in focus. B of a rallying on a beat, futures point to a muted open. Capitalism under fire a bit democratic president ial hopefuls square off and taking aim at big business and personal wealth. And billionaire marc benioff will join us at post nine. Well talk tech regulation, capitalism, ipos and who he is eyeing in the 2020 race. Stocks are on track for a modest open a day after the dow close the above 27 k for the first time in almost a month s p finished shy of 3,000. B of a beats the street with quarterly results. On the economic front, retail sales were down. 3 in september. Revisions were better. Gas stations down. 7 people say maybe this has to do with gas prices. Perhaps it does when i take a look at what is going on, if you read between the lines with bank of america, which is just a gigantic bank, gigantic consumer bank, talking about 5. 7 growth in Consumer Spending ye
Than expected guidance investors reasaurd by better than expected earnings per share as well as better than expected International Subscriber growth in the quarter netflix adding 6. 3 million International Subscribers. Above projection while u. S. Subscriber growth did fall short of expectations. But investors may also be reassured by ceo reed hayesings giving frank comments in the letter to shareholders with competition. This of course comes ahead of disney plus and apple tv plus launching next month hayesings saying theyve been preparing for this new wave of competition for a long time, writing quote the launch of new services will be noisy, maybe modest headantened near term growth we have tried to factor that into guidance. In the longterm we expect to continue to grow nicely given strength of service in the large Market Opportunity now the other bright spot that hayesings is stretsing in the letter to shareholders is International Growth hayesings saying they are expanded nonengli
Adaptation. Imate bill gates wants to help invest nearly 2 trillion to help the world become more resilient. His thoughts on and dental solutions for Climate Change potential solutions for Climate Change. Wework was the roadshow that wasnt. Of the most anticipated debuts of the year is postponed until october. Theyre looking for time to calm investor doubts about its dropping valuation, governance problems and financials. Point, this was supposed to be a 47 billion company. That number is now 15 billion and could be even smaller. Joining me to discuss this was the cofounder and chief revenue en,icer at equity is an z a marketplace for preipo shares. Lot to address before they can go out to the investors and ask them for their they were looking for 47 billion and now we are hearing it could be as low as 12 billion to 15 billion. They have made a lot of changes to corporate governance, but investors are looking at valuations, whether they will improve financials, and whether more is need
There is a little bit of a lift to the market. If you look at the stoxx 600 gaining 0. 3 . Jobs reportg at the and whether that means the fed will have to cut a little bit more support the u. S. Economy. Thats after the energy weak in russia where Annmarie Hordern did a great panel to figure out if opec cuts will stay in. The euro is on the back of a little bit of brexit news. There was a brexit delay or even the possibility of a no deal. Coming up, we speak to the oil minister of the biggest opec producer. Dont miss our exclusive interview with nigerias new petroleum minister. But get straight to bloomberg first word news. Obviously is retiring after fullyear results in february. The upstream chief replaces him. He caps a 40 year career with bp with nine as ceo. Xi jinpingp says should investigate the biden family for remarks the remarks coming after reemphasizing his call to the ukraine president. Was just as bad as in ukraine but offers no evidence. Global news, 24 hours a day on ai