Pentagon was not taken by surprise when north korea fired off that missile on july 4. Global news 24 hours a day powered by more than 2700 journalists and analysts in 120tries in countries. I am Alisa Parenti and this is bloomberg and Bloomberg Technology is next. Caroline im Caroline Hyde in london in for emily chang. This is Bloomberg Technology. Coming up, the bloodbath at microsoft as the Software Giant thes its full attention to clouds. While thousands of employees are out of work. Plus, the investors banking on britain to keep its title and bragging rights of europes leading tech hub. Are pumping billions into londons Technology Sector despite brexit. In battle the cofounder resignation and downward spiral or the chinese tycoons plea for more time to reap high and his focused on electric cars. To our lead. A major reshuffling going on at microsoft. The tech giant confirmed it is cutting thousands of jobs. The number of jobs ranges from 30005 thousand and most of those jobs in sal
Trading, stocks rising for the first day in four. Look at these currencies against the dollar, euro i will come to in a second. Sovereign bond yields are gaining today, that is why banks are rising and commodities is your final column. Akzonobel, planning to split into with secondquarter Earnings Reporting today that missed estimates, a tumultuous time for them. They left relations with some investors in tatters. The former chief executive suddenly resigned last week for unspecified health reasons. To repair relations, they created a committee for Shareholder Relations vowing to hold more meetings with investors. And strengthen and maintain a constructive dialogue. That is the news today from akzonobel. The euro against the dollar, the 63 too watches 116. 16. 63. Is 1 a board member from ecb said the central bank can be more assured about meeting its inflation goal but still too soon to tell to say Mission Accomplished with price pressure in the early stages of the pricing chain remain
Today. Thank god youre here. We have some news comcast is reporting and when you report on a company like comcast, there are many Different Things that people watch. Not necessarily the bottom line number but let me give that to you any way. Earnings per share, 52 cents that was up almost 27 year over year it was 3 cents ahead of expectations consolidated revenue grew 10 . 9. 8 to 21 21. 2 billion. That is above expectations of 20. 855 consolidateded revenue was one of the things that people might look at, but maybe more so is ebita growth Strong Revenue and ebita growth increasing by 10 . First half ebita growth the best in six years a lot of this, sorkin you see the main cylinder . Squawk box. Part of it. Film revenue up crazy Nbc Universal, outstanding quarter according to the company, grew ebita by 20 Comcast Cable delivered what the company is calling a great quarter is a strong balance between financial growth and solid subscriber metrics you watched this over the years. What do
Just in the last 30 minutes or so here as we see these stories unfold as the gang on power lunch talked about. You have not only conflicts brewing with north korea, triang gulated with china, but syria with russia. On the ground there in palm beach. Things growing by the hour here as we prepare for the summit between president xi and trump, yes . That is correct, and cannot be overstated, bill. We are watching as the first family descends the stairs at the airport nearby in west palm beach, arriving more than an hour after the chinese president and his wife arrived. Greeted by secretary of state tillerson. Interesting that the chinese president received by the secretary of state and not the president himself. Safe to say this is a tense relationship. Both sietsz ades prepared for a difficult meeting where potentially the chinese side comes with specific things it wants to see over the next four years while the trump team is said to look for tactical wins despite the fact that they have
Good morning, it is 10 00 a. M. At at t headquarters in dallas, 11 00 a. M. On wall street, and squawk alley is live. Welcome to squawk alley for a monday morning, john ford and myself along with ceo terry and Senior Editor peter cofta. Good morning to you both. Our top story fairly obvious, at t buying time warner for 85. 4 million. A deal uniquely different than anything theyve done before. Regulators already raising red flags, possibly putting an end to the deal before it begins. The senate and Consumer Rights is looking to schedule its first hearing on the merger next month, and its not just washington, the competition also warning against the deal with one disney spokesperson saying, a transaction of this magnitude obviously warrants close scrutiny. Time warner ceo says the focus is vertical and mobile. We were talking about whats happening in media, all these new products like subscription v. O. D. Networks, all the increase in mobile consumption of video, and as we got into it a