Market per simeon stocks sink as the british homebuilder warns costs are set to increase by 4 this year while revenue from upcoming sales will be lower. Apple spikes in extended trade as stronger demand for Services Helps offset declining iphone revenues and the tech giant delivers a new 75 billion buyback plan. Knee deployed 85 of it the government is really great the equity performance is amazing. Zbrierjts welcome to street signs, everybody. The only index that were looking at really in europe is the ftse 100 that is the picture right behind me its pretty much across the board. Overall the index is up about. 3 . Big couple of days for u. K. Data we have pmi manufacturing numbers in half an hours time we have the bank of england tomorrow dont forget about that. Some people are saying perhaps this time its more hawkish tone coming out of governor carney. Watch out for that knees e these are some of the names in the u. K. Index. Obviously, were right in the middle of earnings season. G
Hours a week and close about 700 after paying for gas. They are using driver labor to bolster their profits. Reporter but its a different story for the approximately 1600 employees at lyft headquarters norelco park in San Francisco. Lyft management has ordered them not to speak publicly about the deal, but unlike lyft drivers who are considered contract workers, many full time employees reportedly received Company Stock they can convert into cash. Redfin, an online Real Estate Group estimates that employees would earn enough in stock option to buy every single home currently on the market in San Francisco. Lyft driver say they Company Needs to do more for them. Hopefully it trickles down , you know, the trickledown thing maybe might actually happen this time. I doubt it, but yeah, i hope we can get enough drivers together and demand part of that money that is being floated around. Lyft has always presented this as a partnership, and i allowed myself to kind of believe that. It does not
Salesforce is a buy. Lets have a look at the markets. It is looking better than it was a couple of hours back we opened higher, steady selling through until about lunchtime such that for the low of the day for the s p down more than 1 . The dow the low down 414 but if we flip now and look at the four indices you can see we have split the losses essentially. Down about 255 points on the dow. So still nearly a percent for the dow but the s p down two thirds of 1 and nasdaq down 1 . Real estate only group in the green within the overall market. Dow seeing the biggest oneday decline. Bob pisani has more on this intraday reversal, bob. Aufoff the lows and seller exhaustion is the trend. Take a look at stocks that are moving you have semiconductors. Amd is down. You have got some Big Industrial names like boeing down and not all of them. Caterpillar is up and then not generally trade related thats weak gap had a great week last week health care not generally a trade relatted sector. Theyre a
City today. Further extending it to the rest of the region. After we saw one of the best weeks for asian stocks since november. We are edging when it comes to sentiment, just not a lot as we wait for trade numbers. We also have this vote happening on the 15th as well. Also the u. S. Government shutdown. We continue to see u. S. Futures heading lower so it is weighing on sentiment overall. Take a look at the chinese revenue beat. Up for tenths of 1 . Take a look at your onshore around 674. Itll be interesting to see how this last. Some are saying this is a one off. We have stimulus measures coming through. That shows the negative for renminbi. Yes, we are continuing to see strength. We mentioned the best weekly gain for renminbi since 13 years ago. It will be interesting to see how this goes. We have breaking news . David numbers for 2018, lets gets dollars with the dollar. Trade surplus in its entirety, 350 u. S. In u. S. Were up 9. 9 dollars. Exports up 15 roughly. 15. 8 . Also at the
And welcome to power lunch, everybody. Im kelly evans. Stocks are trading at session highs. Check out the dow, s p all having the best gains and the s p pulling itself out of correction territory the dow remains out of it as well but the russell 2000, nasdaq and dow transports down 10 in the recent highs. Sectors, health care and energy best performing. Real estate is lagging more on that plus, its the ipo of the day. Tencent music getting a decent pop. Up 8. 5 . Tyler will have more straight ahead. Kelly, thank you very much. Lets get to our top story, and today it is all about the rally and the proximate cause of it, which is trade bob pisani on the floor of the new york stock exchange. Ylan mui with the trades and lets begin with bob. A series of headlines led by trade. Let me give you briefly the four or five major headlines that were facing now the huawei cfo granted bail. The president might intervene if it would help National Security interests or pose a trade deal china reports