Hackett was brought in, he was a board member, previously he had done a great job at steel case the Office Furniture company in michigan and when he came in and he said, look, we are going to transform ford, get it ready for the future for Autonomous Vehicles, for electric vehicles. That hasnt happened ford has been mired in really not being making the move that its needed to make since 2017 they are starting to change that a little bit some of that because of the moves that jim farley has made as coo, he becomes the ceo effective october 1st and the marching orders are pretty clear. Transform this company, get ready for a future with electric vehicles, Autonomous Vehicles at some point, not immediately, but at some point, but, guys, this is the most interesting stat that i can find. If you go back over the last, what, 20 years, 19 years, only one ceo at ford, alan malaly posted a positive gain in ford shares there you see hacketts performance since may of 2017, down 38 , similar to fi
More important to traders . The cash trade is one hour away. Thats get your top headlines for you from the bloomberg terminal. Pressing for concessions, stimulus talks in the u. S. At an impasse with the white house and democrats still far apart on major issues. President trump prepares to take unilateral action to extend jobless aid. King of spinoff. Siemens gets a boost from its Software Unit as adjusted earnings climb a prevent 8 for the quarter. We will talk with the cfo shortly about results and plans to list more parts of his business. Plus, we will speak with the bank of england governor, Andrew Bailey, later today, as the u. K. Central bank makes its Rate Decision. What have you got on the boe here . Annmarie as expected, they maintain their benchmark Interest Rate at. 1 . This is what we were expecting. They are keeping their total bond purchases. The target is unchanged at 745 billion pounds. Of course, this is what we were expecting. Now, we have the august minutes coming in
Toolbox, but there are no plans to use them. Since the decision, we did see the market pare back a little bit, pricing around negative rates. Bailey also saying the bank of england forecast has an unusually large downside skew. The reaction, the pound suggests the market took the boe forecast as pretty robust. 1. 3172. Dailey also says it is hard to draw a conclusion from the bank of vacant forecast and we must be careful not to over interpret faster indicators. Hes speaking in a briefing to journalists right now, saying the boe could use like forward guidance, negative rates of the toolbox. Tom it looks like it is moving the market with lower Interest Rates seen across the u. S. Sterling on a tear, 1. 31 69. Look for our conversation with the governor of the bank of england. Francine lacqua and the governor, 8 00 a. M. New york time, 1 00 p. M. In london. She has some very in pointed she has a very pointed questions from our economics team. From news in new york said he, ritika gupta.
Time to boost your news i knew. Just 2 days after the 1st deadly clashes in decades between china and india both countries are now calling for a peaceful resolution but the violence also comes at a time when the u. S. Has strengthened its relationship with india and has seen increased tensions with china argues Rachel Blevins is joining us from the newsroom with the latest developments there rachel well manila secretary of state my pompei was set to meet with one of chinas top officials today amid increased tensions between washington and beijing from trade disputes to involvement in hong kong to the coronavirus the meeting is expected to cover a range of topics that could now include the latest dispute between china and india and india has confirmed that at least 20 of its soldiers. Were killed following border clashes with china on monday but beijing has yet to report a number of casualties on its side political groups observers suspect chinas decision not to release the number of so
Announced, but the big story is surrounding big tech earnings like microsoft, facebook, and even comcast and qualcomm. It look like some of these companies were basically created for this moment if you didnt know, the microsoft quarter was just a thing of beauty a lot of that is because theyll have a product like teams or like azure that are incredibly strong linkedin doing very well facebook quarter was good, and boom, they say april is stabilization. One of the themes were seeing in tech, or you have service now, well have Bill Mcdermott later today. They have an unbelievable quarter. Maybe the best in the history of the company. So youre seeing companies that frankly not only do not have to make any excuses but are saying good things. You know, qualcomm, ill say, secular trend, 5g, and then highspeed internet is one of the most lucrative parts of comcast. Yes, of course, theme parks not going to happen, but theyll open up again. But high speed, it will never go back you dont switch