Maria big show this morning, fox business dagen mcdowell, kings view asset chief Investment Officer scott martin is here and forbes media chairman, former republican president ial candidate, steve forbes. Market will not quit, futures pulling back, once again, what a month, we are coming off best performance since june, dagen. Dagen ive said this, Central Banks around the globe, markets have wind at the backs, if you look at fund manager cash levels plunge, the largest monthly drop in 3 years in the month of november, stock allocations have gotten higher, wall street journal writing about this this week and then the rolling 12month global total for Central Bank Purchase assets to hit 1 trillion, steve is cringing, steve is on fire that im talking about this, it is important to note that despite some of the negative news that weve gotten in the markets whether its about Capital Expenditures, weak Fourth Quarter forecast for the economy, you still have easy money around the world. Maria
Act global push fails. We will hear from her. Strong debut shares of alibaba begin trading in hong kong, ending its first trading day more than six percent above listing price. Our top story this week, you were and its uncertain future in london. The City Transit Authority refused to grant the ridehailing service under license on monday. The top regulators said uber failed to adequately verify drivers identities but uverse as it has taken care of the issue. Swiftly responded tweeting that the decision was wrong. Uber will appeal the ruling. London mayor says much more needs to be done with regards to safety. Be am keen for london to hotbed of innovation for new businesses. You got to abide by the rules and whats clear is ubers policies passenger safety has been compromised. Newcomer. P with eric i asked him if that you were at and or the technology itself allow the drivers not to be verified. The issue here is whether drivers in london were able to get on the platform, even though they
Trading day above listing price. Our top story, uber and its uncertain future in london. The citys Transit Authority has refused to grant them a license, saying uber failed to adequately verify driver identities. The ceo swiftly responded, tweeting that the decision was quote wrong. He had said safety is the companys priority and will appeal the ruling. Londons mayor says much more needs to be done with regards to safety. I am keen for london to be a hotbed of innovation but you have got to abide by the rules. What is clear is ubers policy and practices mean passenger safety is being compromised. Emily i caught up with a guest, asking him if uber or the technology itself allowed drivers not to be verified. The issue here is whether drivers in london were able to get on the platform even though they were not the right driver or properly licensed. The city of london says we are talking about some 10,000 rides with a driver who should not be giving the ride. That is a big concern for them
Europe is steady powell makes some remarks later on tonight road map begins with megadeal monday lvmh announcing a deal to acquire tiffany. Charles schwab buying ameritrade, 26 about the all stock deal it will combine the companies the two biggest publicly discounted brokers will have more than 5 trillion in client assets ebay set to sell off stub hub for 4 billion david has details on that. Lets start with this Historic Deal in luxury goods lvmh will acquire tiffany. The deal is worth 135 a share, two Companies Expect to complete that deal by mid2020. I assume you can fill us in on what is going to happen to the brand, synergies and all of that. Listen, i mean, it is an important transaction for lvmh, which tried twice before as my understanding and not been able to get there had done it privately. From a m a Strategic Point of view, this went about as well as sort of it had been could have been hoped for from both sides. Seasoned advisers on both sides, who i think i thought they wou
We will have details. Going global. Amazon joins forces with chinese retail app. Is it a sign that black friday is broadening its reach. First, our top story. Ubers future in the city of london is looking bleak. Not allowing a license, the reason im a rider safety. Thate mood in london is uber will have to follow a similar procedure has a few years ago. In 2017, it was denied a license the first time and it immediately appealed. Ongoing,s an appeal is they are allowed to continue. Wilbur said that they will appeal the wilbur said they will appeal the uber said they will appeal the decision. As long as that appeal carries on through the courts, then it can stay on the ground. The question will be whether the company can make the changes in its software to allow tfl to feel comfortable that it is worthy and whether it is fit and proper, as they say. Fixedaid it has already one of the main problems that tfl had with the app in the first place. But we will probably have to wait until the s