Inlaw will be a senior unpaid advisor. Jared kushner will work with Reince Priebus and stephen bannon. He is married to ivanka trump. He is described as an asset and respected advisor. Global news 24 hours a day powered by more than 2600 journalists and analysts in more than 120 countries. Lets get a check on the market. Afternoon trading getting underway in hong kong and china. Hong kong gaining have to present while shanghai is unchanged. Jen jen up 3 10 of 1 . This is bloomberg. Caroline this is Bloomberg Technology. Jack mas trump card. Can the chairman deliver one million new jobs between heightened tensions between beijing and the president elect . Our exclusive interview with gm ceo ahead. It is her job to make sure tech titans play by the rules. Stay tuned for our conversation with the eu competition commissioner. First to our lead. Alibaba Group Chairman jack ma met with president elect donald trump monday. Ma said the men discussed how alibaba is focused on creating first to
Capital. Mark have a look at where european equities are finishing right now. Function. Is the february, the in best month since december. , theauge, the benchmark stoxx 600 is up by 10 . Every Industry Group is trading higher, led by tech and auto. An interesting chart about russia. The trump trade sent russian stocks to record high fast. The index are more than any other stock gauge in the world in february. Ottoman octomom deflates under sanctions from trump and a further sign investor interest is starting to sour. The World Biggest etf that tracks russian equities logging its largest outflows in nine months. A slowdown in the pace of games and brent crude after surged at the end of last year, making stocks of Russian Energy Companies Among the worst performers this month. Slumping tok gauge the worst month since december 2014. Among major global markets, china h shares holding the best crown for february. Climbing almost 6 . Sinceonthly advance august as inflows from mainland inves
Noempbt asia the markets were relatively flat the nikkei was up about 15 points. Hang sense added 29 and the shanghai up just over. And closely watching currencies. Early surge in the yen erased the bulk of this weeks gains for the dollar. You can see now the yen is trading 109 pvnt 96 to the dollar. The dollars down across the board. Euros trading 111. 8 and the pound is 147. 04. And ill applies. Brent crude prush pushing above 50 for the first time in several months. And were some people right just a couple months ago that made that trade. Also shares of takata. Kkr expressing interest in taking control of the japanese firm. This coming a it is air bag supplier facing billions in cost due to the recall of those faulty parts. And u. S. Foods raising a billion dollars in its ipo making the second biggest of the year. Shares are trade on the nyse today under usfd. Stocks to watch this morning. Hp, inc. Reporting better than expected Second Quarter profit. Cost cutting offset a drop in r
2,094. We got to get to dominick chu. He has a market flash. Global retail now. Earlier in the past hour we told you the news about walmart taking a 5 stake in jd. Com. Theyre going to swapt businesses a little bit. Walmart giving over the china operations to jd. Com and getting a 5 share. They were up about 8 pat going into that trading halt. They are now up about 8 . So trading just a little bit below where they were when that news first came out. Just call to your attention what is happening. There again, michelle, all of this on that bit of news that walmart is turning over its walmart china operations. It now be operated by jd. Com. And i guess in compensation for that, walmart will get a 5 stake, approximately in, jd. Com. Back to you. Operating in china has been tough for a lot of u. S. Retailers. Home depot got out of there a long time ago. They were so frustrated. Absolutely. One more thing, of course, youre talking about dealing with this whole on line marketplace phenomenon
You probably know has experienced an unexpected dip of late. One issue sure to come up is the uk referendum later this week whether that country should leave the European Union. That vote happens thursday, ending a Bitter Campaign between the leave and the remain camps. But today u. S. Investors voted to stay in stocks, that is. The Dow Jones Industrial average rose 129 points to 17,804. Nasdaq added 36. The s p 500 was up 12. Bob pisani has more. Reporter its going to be a busy week capped off by the brexit vote in the uk. Brexit has traders confused. Its gotten more xlakted than stay in or out of the European Union . Markets seemed to move toward the idea the uk would exit the European Union and stocks were down. The greatest surprise then would have been if the vote was to stay in the eu, markets would have rallied. Thats reversed, the market has rallied on the belief is uk is likely to remain in the eu and its likely at least part of the rally we had if the uk had stayed in the Eur