Brownforman the worst call in the s p 500 after disappointing. Guy european stocks, as they are in the United States, fairly flat right now. Only up less than zero point 1 . The story continues to be where is happening in the pound. Theres a lot of talk of resistance up at 1. 32. Breaking through that would make a big difference. This ahead of next weeks general election. Glencore being absolutely pummeled today, down by over 7 . This as it faces another legal woe, this time out of the United Kingdom and United States. They will investigate the miner for bribery on the backs of investigations in washington, driven by the doj. Glencore down by 7 . Vonnie General Motors and south koreas lg announced plans to build a new electric vehicle battery plant in ohio. Bloombergs david westin joins with the two executives at these and what the deal at the center of the deal. David thank you. We are joined by mary barra, chairman of General Motors, as lg, as the vice chair of well as the ceo of the
Maria welcome, lowes reporting Quarterly Earnings a moment ago, Ashley Webster are. The numbers. Ashley lets get right to it, eps, adjusted basis 141 per share, better than estimate of 1. 35 but revenue coming in just a tad short 14. 4 billion, we were looking for, or at least the street was locking for 17. 68 billion, a little miss on the revenue side, it is reaffirming says lowes, outlook for the rest of the year, in fact, its raising eps estimates which is pretty solid when you consider disappointing result from home depot yesterday, as you can see, though, premarket, lose down 3 , total sales up 2 , but other than that comp sales were up 3 , the outlook or certainly, about where we expected it to be, maybe as comparing this to home depot, maria, a little less on the downside although i wouldnt say that much on the upside if that makes sense, the stock coming back a little bit in premarket, this is not a bad report at all and certainly raising the outlook for the rest of the year ce
Dubai to london. In hongg, and the kong, a Record Number of candidates cast their ballots. Bloomberg spoke to the said Party Founding leader to get her take away from the election. Now the ball is in the governments court, and really have to respond to the five demands with an independent inquiry into recent events. Theres also the demand of universal suffrage. The government at least has to say that they are listening. Alix for more, bloombergs yvonne man. Joins us now. How does this affect what is happening on the streets . Yvonne all eyes will be on chief executive carrie lam as she speaks Tuesday Morning to reporters here in hong kong. She has delivered a lot of these press conferences before under increasing pressure. Before, that pressure has translated into a democratic exercise. 2. 9 Million People showed up to cast their ballots, a record turnout of 71 . It was a landslide victory for the prodemocracy camp. These district elections are pretty low level. These counselors dont h
Mike corbat, the ceo of citigroup, as steve mentioned, the worlds global bank with 200 million customers and accounts within 160 countries. Huge from anybodys measure. Since becoming ceo in 2012, he has focused on leveraging citis Global Network to serve its institutional and banking clients with an emphasis on strong execution and the highest ethical standards. Mr. Corbat has been at citi since his graduation from harvard in 1983. Prior to his current role, he has held a variety of ceo positions for citigroup, including ceo of europe, middle east, and africa, ceo of citi of the Global Wealth management unit, and the Global Corporate and commercial bank. He is actively involved with several civic and cultural organizations, including his roles as executive Committee Member of the partnership for new york city and as a board of trustee of the United States ski and snowboard association. I would like to introduce dustin walsh who will be moderating today. Hes an awardwinning senior forr
Europe is a big week personal income and spending is roughly in line. Our road map begins with apple, nearing an all time high, expanding ipad and air pod demand, Services Growth offsetting that demand social media twitter banning political ads, facebook defending its decision not to, saying, quote, its not all about money, facebook shares by the way rallying on those earnings head winds, markets are set for a mixed open, a report about chinas longterm doubts about a trade deal with this white house. Well begin with apple, though, higher than better expected revenue, despite iphone sales, results got a boost from stronger demand for ipads and air pods as well as growth in services they are issuing upbeat quarter guidance jim and josh lipton talked to tim cook about better sentiment in china as well. I was surprised with that, when talking with tim and with josh and on the street the whole tone of the discussion was that things are pretty much on track, more than we realize optimism by