The United States and mexico have agreed to extend the upcoming round of nafta negotiations in montreal by one 29. To january the mexican ambassador to the u. S. Told bloomberg today there is general agreement among the free nations on about 40 of topics being negotiated. British Prime Minister theresa may met with french president Emmanuel Macron outside lunday london today. This was to strengthen security and intelligence between the nations. Hoping to help with brexit negotiations. Global news 24 hours a day powered by more than 2700 journalists and analysts in more than 120 countries. Im Alisa Parenti and this is bloomberg. Selina im selina wang in for emily chang, and this is bloomberg technology. Coming up, ibm ends its 20 two quarter streak of declining revenue. Report card, up next. Plus, amazon narrows its list of top locations to build its Second Headquarters with thousands of jobs and billions of dollars at stake. And the fall of Travis Kalanick was darker than you thought.
Nasdaq at 5,120. S p 5002,087 and the russell down almost a full percent. But we begin now with the big deal in health insurance. It is official. An them agreeing to buy cigna for 188 per share in cash and stock. An enterprised are value of 54 billion. Straight to bertha coombs. Combined anthem and sigma would unseat United Health to become the largest u. S. Health insurer with 150 billion in annual revenues. More than 50 million members covering nearly 1 in 5 americans. Anthems ceo joseph swedish aide mitts put admits putting the two big firms together will be challenging but with that scale they can generate operating savings and make them more affordable. It will improper our ability to serve customers across commercial medicaid medicare and International Markets and create greater efficiencies and afford ability for our customers. But the anthem deal taken with aetnas proposed merger with humana would result in the big five insurers becoming the big three. One antitrust lawyer tell
York times article that describes amazon as a bruising place to work. Liberty buying zulily in a deal valued at 2. 4 billion. And tesla is down. First up, the markets are coming off of a volatile week. Oil sliding below 42. Data showing japans economy contracted in the Second Quarter. Another setback for abae. Look consumption down almost a full point quarter on quarter. Is there qe really work . Their stock market loves it. They dont have growth. This is a demographic issue. Japan doesnt have the demographics we have. We have tremendous growth jer us the versus japan and china. Chinas stock market dedoubled from the economy. Our stock market controlled maybe by the fed. Europe controlled by the low rates of interest on bonds. So people are searching for markets that are natural and organic and not on steroids. It occurred to me this morning, theres japan. Theres china, the discussion from last week. Were waiting for the bund and the stock bailout. The world is a tough room if youre ex
Drowned video you can see how all the smoke from the fire is filling the sky the fire is burning in a very remote area of the Livermore Valley other images of this fire which grew extremely quickly overnight. James fortunately the temperatures in livermore was in the 60s and around the time the fire broke out the ones around to in the modify our along with those dry in a very the drop like conditions making this a real challenge if you took pictures or video of the fire would love to see whether to get more on the fire coverage would have michelle with a look at the fire forecast for today. Michelle apon fires in this area can be very drive the good news is it is timmy this morning temperatures and to the mid60s and humidity values are still at some of the to lower seventh maybe dusty at times later on today temperatures all actually be warming upper as you make a way out the door across the bay at the coast of right now into the lower 60s with a bottle of mildest the couple of degrees
Great to have you here. Stocks steady right now, as you see behind me as melissa said, the nasdaq, though, hitting another record intraday high. Its been a good april. With less than two days of trading left in the month, the average is holding on to solid gains for the month. Its one of the stocks of the day, shares of retailer floor and decor, i think its in my future somehow. I dont know. But i think it is. Soaring on its ipo debut up more than 40 . You take that any day. Here is what else is happening this hour, House Speaker paul ryan says no final decision has been made on when to vote on a plan to overhaul obamacare. Recode reports apple is in talks to launch its own Money Transfer service similar to vennmo. United Airlines Announced that ten major changes will take place following that disturbing incident of a passenger being removed forcibly from one of its aircraft. One of the changes pass skbrers may get up to 10,000 for getting bumped involuntarily. Melissa, sign me up. Tyl