In mystery name . We get a minneapolis appearance from pete. Look forward to that but beginning with this. Breaking news in retail, the gap scrapping plans to spin off old navy shares jumping on the news. Lets get to Courtney Reagan with the details. Gap, inc, reversing the decision to spin out old navy into a publicly traded company, increasing guidance for the full year and giving leadership updates and a surprise announcement in the last hours shares popping on the news, they were behind be pulled become a bit. But they nounsed the gap pick art feng was out the separation was first announced at the end of february 2019 interim ceo Robert Fisher said while the object he was of the separation remain relevant our board of directors concluded the cost and complexity of splitting into two quips combined with softer Business Performance limited our ability to create appropriate value from the separation gap, inc, now expecting fiscal full year sales and comps to come in at the higher end
Dwarfed by germanys trade with china 10 times as much indias economy has been growing rapidly in recent years though the country has been keen to encourage investment from abroad but obstacles remain infrastructure the countrys legal system which is seen as lacking transparency and a big one bureaucracy every trade deal between the e. U. And india could smooth out some of those issues but that wont happen any time soon lets go over to dave charity hes following this story for us from mumbai. A germany and india really a good match. Absolutely theyre both countries a Perfect Match for each other and theyre made for each other for a long long time to me you may be aware that Germany Companies are operating in india 167. 00 so we have a long history as far as the business relations and. I mean to the. Businesses and now of the present and i go in get me into a lot of investments specially in the high tech areas like Artificial Intelligence. And of course india would be selling its spectru
Probability an october fed rate to 90 Technology Leading todays come back nasdaq is higher up about 1 . We got our team of reporters standing by. They will break down todays whipsaw Market Action. First joining us is stephanie link interesting day weve had here we were on together at 10 00 market immediately went down i called almost a percent. Here we are back up. What do you make of it its a wild day its not over. I think its bad news is good news the data was soft. Both ism reports were soft well have to see what the nonfarm payroll will be tomorrow it will be on the softer side. What does that mean . Does the fed cut 60 chance for december cut, and speculation that maybe trump gets more desperate to get a deal done, trade deal done thats why we rallied. This is a pepsi market pepsi i like that it really is. Truly. They reported a good number, inline revenues. Market wants 4. 5 steady organic growth a steady yield paying 25 times. I cant do that because its too rich for me. Thats wh
Right now. And good afternoon im scott wapner live. Over the next two days the Halftime Report is debating the state of tech and where your money will work best in the space. From the latest ipos to the f. A. A. N. G. S. We are joined by jeff richards, Jason Calicanis and dan niles. Lets welcome in our guest host for the hour today. He is raise ing a new fund. They are going to invest in private software companies. Well get into that a little later on. Jeff richards is with us on set. He is invested in slack, square and air bnb. Thanks for having me. Good for us to come back out here. Six months dpoe we were here and taking the temperature of tech. Ill ask you first, the state of the market out here is what . Frothy. Word association. Frothy. Just think late stage private valuations are quite high. And then youve seen a bunch of what you would consider previously Growth Investors, Growth Private account investors moving earlier and earlier to get away from the frothiness and that is ca
December 2008. Brent had its best day since collecting data. You are still looking at wti at 61. 81 and present at 65. 85 in asia, the knnikkei up about 3 points this morning, some early trading in europe, fairly muted there. Ftse slightly higher in france, the cac slightly down, so is the dax. Check out treasury yields, the soyear is now yielding 1. 833 the 30 year a little lower but well above what weve seen in recent months. Lets talk about the corporate story of the morning wework now delaying its ipo. Surprise but says it will still go public by the end of the year the company has been prepared for its investor road show which was supposed to take place today. But made the decision last night to stand down. This reportedly over concerns that there is not enough stock mark et investors. Work reporting they will not go public until at least october at the earliest adam neumann wants to get through the jewish holidays before he considers the next steps. Because that is what is keepin