The transition process starting to kick in. Tom not only the good news, but just as much as there was no bad news today, and that gives a lift to equities and other adjustments in the market. Jeffrey currie will join us from Goldman Sachs, which is wonderful. Futures up 27 and we will talk about the data in a moment, but yes, chair yellen front and center in this historic moment for our politics. Francine lets get to bloomberg first word news in new york city with ritika gupta. Ritika President Trump is finally calling on his agency to cooperate in the formal transition process with joe biden. That follows weeks of inaction. The General Services Administration Made its official made it official with its acknowledgment that biden was the winner of the election. Still, President Trump says he will contest the outcome of the vote. Formeren has turned to fed chair janet yellen to be his treasury secretary. She would become the first woman in the job if she is confirmed. She is likely to wi
The continent by introducing new restrictions will take a closer look at new restrictions here in germany plus touch and go into outer space in a matter of hours a nasa spacecraft will attempt to snatch samples of walk from an asteroid well get the details of this Daring Mission a cosmic catch me if you can. Im off to our viewers on p. B. S. In the United States and to all of you around the world welcome we begin with the u. S. Government and google the government today filed a landmark antitrust lawsuit against the Search Engine giant and it alleges that the tech company has been abusing its dominance as an online Search Engine to fend. Rivals google controls about 90 percent of global web searches the company has long denied claims of unfair competition the lawsuit also alleges that google uses billions of dollars to pay phone manufacturers to ensure it is the default Search Engine on browsers its the governments the u. S. Governments most significant act to protect competition since
Shots rang out in the night sky over Lagos Nigeria as police and soldiers opened fire to break up a protest rally a coffee was imposed on lagos after weeks of demonstrations against Police Brutality and corruption. Plus touch and go in outer space and nasa Spacecraft Lands briefly on an asteroid where it snatches samples of rock to get the details of this Daring Mission a cosmic catch me if you can. Im told me a logical welcome to the program for us and google are headed to court the Trump Administration on tuesday filed a landmark antitrust lawsuit against google that alleges that the tech giant has been abusing its dominance as Online Search engine to fend. Rivals google controls about 90 percent of global web searches the company has long denied claims of unfair competition the lawsuit alleges that google uses billions of dollars to pay phone manufacturers to ensure it is the default Search Engine on browsers its the u. S. Governments most significant act to protect competition sinc
Demand. Ryan, it is always a pleasure to talk to you. It was long in coming. Everyone asking, what are you going to buy . Tell us how you came up with this deal. It is great to be with you again today. We have been talking about the need for consolidation in business for quite some time. We need to put a Value Proposition together that offers investors a different way to think. We have done this with a transformative acquisition with concho resources. This brings in a bunch of lowcost supply resources government 23 billion barrels into the company. It is about a super strong Balance Sheet to manage the volatility we have seen in this business. It is about how you allocate capital for value, not for growth. It is distributions we were going to give back to the shareholder. It is about having a sustainable business. The deal takes an Energy Transition that we know is coming for our planet. Alix can you give us insight into how competitive it was . If you look at the Shell Companies that
Haidi very good morning. Im haidi stroudwatts in sydney. We are counting down to asias major market open. Shery i am shery ahn. Here is how markets are looking right now. U. S. Futures rising at the open. Stockster we saw u. S. Seeing its worst day in about three weeks. Investors were concerned about the prospects for more government spending. We saw some conflicting reports on whether or not that is coming. The s p 500 lost ground, 1. 6 . All 11 sectors were down, led by energy stocks. It also drags down cyclicals and small caps which managed to stay in positive territory. A bearish reversal from the gains briefly seen around the open. We had record cases in europe, fears of a doubledip recession. Take a look at oil because its also under pressure and headed towards the 40 a barrel level. Oil fell in the regular session as well with warning of an uncertain outlook for oil demand. See how things are shaping up for the asian markets. Here is Sophie Kamaruddin. Sophie this tuesday, you h