Is that idina menzel, on the phone with her agent . Thats exactly where she lives, kansas city, missouri. Uber is cutting jobs because of the effect the coronavirus is having on its business. The company is slashing about 3,700 recruiting and Customer Support positions worldwide. Thats about 14 of its workforce. Ubers ceo is also waiving his salary for the rest of the year. Add gap to the list of retailers opening this month. It plans to reopen 800 Stores Including old navy and Banana Republic before the end of may. New protocols will include updated cleaning routines, plexiglass at registers, and no access to fitting rooms. Some Department Stores are also looking ahead and engineering how their future might take shape. It comes as nordstrom unveils the changes it is making to protect both its customers and employees. Here is abcs eva pilgrim. Reporter stores are reopening, but shopping as we know it is changing. Nordstrom announcing the closure of 16 stores in an effort to weather the
That all seems to have stablized. Neil think about this, jpmorgan put together a year most successful for any bank ever in history. Any bank ever in history. Fox news contributor john layfield. Point view Wealth Management president , david dietze. Welcome to both of you. It is a split verdict. Wells fargo had other problems that disappointed the street. By and large were expecting financials to lead the way. They have done that. David, is it your sense that, you know, wells fargo is more an outlyer here . Absolutely. Wells fargo had to put aside billions for legal and regulatory issues. Theyre still trying to climb back out of the fake account scandal. That really pulled down the results dramatically. Of course theyre having to deal with some client defections and so forth as people lost a little bit of confidence in the bank. Jpmorgan, citigroup doesnt have the problems and they knocked the cover off the ball in q4. Neil how would you advice people if these markets, john layfield, 29
Run continues. 111 s p new highs today as we watchaction in technology. Despite some downgrades and plenty of commentary from henl fu hedge fund managers. Alphabet becoming the fourth firm to reach a trillion dollars. The five Top Tech Companies account for 70 of the s p and worth 5 trillion combined happy friday, gent, go tshggente you. Good to see you barry, you had moves in markets, bull markets of the 90s compared to bull markets of the 20s you said we have not hit the blow off top but were on our way. If you look at the exponential trends, a curve increasing at an increasing rate that characterized the 1920s bull market. It characterized the 1990s this one has been more linear and it doesnt have the upward sloping curve since the 2009 low. So i find it hard to believe that weve seen the top because we have not entered that parabolic move how would you know when were close . Well, youll see the parabolic move that will be the first thing euphoria, a lot less doubt in the market i h
These are your markets. There seems to have been the u. S. Saying they will remove the threat in china, which is why we have seen a little bit of moves. Awaye exactly seven days from that election. Opec meets in vienna, brent crude at 62. 91. Moncler, really the stock of the day after that report that kering, the owner of gucci, was interested in buying moncler. They do jackets for the winter, skiing jackets now turned into fashion. That stock price has gained 9. 2 . Moncler at 42. 40 two. Coming up, we talk all things fx. It thing or two to say about the pound. We will also talk about emerging markets. Lets get straight to the bloomberg first word news in new york city. We begin with fiscal stimulus. Japans government pulling out all the stops. Tokyo announcing measures to support growth as the economy contends with an export slump and the fallout from the sales hike. We have learned the total package amounts and is expected to boost growth by 1. 4 . An unexpected hold in india. R. B.
Ill be back at1 o clock for more newsday with sharanjit but now on bbc news, hardtalk welcome to hardtalk. Im shaun ley. Sometimes a tv drama does more to entertain, it brings to live an of world an audience failed to see. The american tv series the wire, which methodically dissected americas war with drugs, was an eye opener for many. Wendell pierces role as detective bunk moreland brought him international attention. Now hes on stage in london as the protagonist in arthur millers play death of a salesman. He describes the play as the american hamlet but in todays america, you are on your own. Wendell pierce welcome to hardtalk. Thank you for having me. 14 years ago, Hurricane Katrina, you are visiting your parents when the evacuation was mandated. It was your family home, the ctu had grown up m, family home, the ctu had grown up in, we are family and friends still lived in. How are the memories of what you saw when you return to what had been your home . Those images in my mind are i