Security department, i call myself one of its grandmothers and one of his grandfathers, im not sure is on this call with me and the rest of you children are the successors and its really wonderful today that we are having, i guess hes by phone, weve had a lot of zoom issues, phone conversation with the panel organized by the Wilson Center very own meg king who has our technology and Innovation Program and a number of the rest of you on this phone. The topic is what is critical, involving the security playbook for managing ten and everything in between, while its not as much fun to see you all in some of the online its not as much fun to see you in person and if anyone can make a conversation interesting, interscience technology and information program. Today as i said were joined by the nations chief risk officer, director of the department of Homeland Security cybersecurity and infrastructure, securing agency, leave it to congress to include security twice in your title, chris will ta
Im Francine Lacqua in london. These are your markets. 0. 4 . An markets down a lot of the market put a position that the economy and a lot of the earnings would go through the coronavirus. Not so after the apple news yesterday. There is more concern about the deadly coronavirus trade looking at treasuries, they are rising. Americans reopening after a holiday. Yesterday was president s day. Jumping as much as 24 after unsuccessful bid for the small arrival. This may be the kickoff of banking consolidation in italy and then further into europe. Coming up on bloomberg surveillance, our exclusive conversation with the hsbc Financial Officer on the banks job cuts. First word news. Viviana hsbc is set to slash 80 of its workforce. The lender taking more than 7 billion of charges and suspending buybacks as part of a restructuring plan. Plans to exit some businesses and cut costs. Hsbc still hunting for a permanent chief executive. We also spoke to the lender cfo about the coronavirus outbreak
Good friday morning. Welcome to squawk alley. I am Carl Quintanilla with jon fortt at post nine of the new york stock exchange. Morgan brennan is in simi valley at the Reagan National library we start with jobs numbers, sending stocks surging, near session highs, up 303 on the dow, flirting with 1 gains in the session. Joining us to morning, mike santoli covering the up swing in the best of both worlds. The market was craving a good number, good news is good news no implications for the fed trying to restrain things. It is interesting, you look at the week, we did a v in psychology and the stock market, a week ago yesterday hit the alltime high, 3150 in the s p 500. We ran into ism numbers that challenged the rally u. S. Growth close to 2 . Weaver an overbought market, little shakeout. Now it seems like numbers since then restored that premise that things are Getting Better or never got that bad as we thought late summer. The question now, we return to the highs. Still have valuation r
Kong reels from a violent day of protest. Police fire water cannon, tear gas, and rubber bullets as Chinas National Day approaches. Shery lets get you started with how mark how markets are trading. U. S. Futures higher by. 5 . Ons coming after the s p 500 one point on friday fell below the 50 day moving average. Bounced back. Still ended the session down. 5 . We had some traded concerns with a bloomberg report that the u. S. Might be considering restricting those portfolio flows into china. Trade sensitive sectors were hit. The nasdaq. Lost more than 1 we also have oil moving, or seeing its biggest weekly loss since july. Now we are seeing wti starts higher at by a tens of 1 . 56 a barrel. Lets see how we are setting up in asia. Sophie futures are hinting at a cautious session potentially on a busy final trading day of september. The offshore yuan recovering a touch after slipping to a three week low on friday on the u. S. Report falling options. Board ahead of the visit to the u. S. A
Peering into palantir, our exclusive conversation with alex karp tells us why protesters wont stop them from doing business with the Trump Administration. First, a shakeup at hp, the ceo resigning, leaving the company to attend to a Family Health matter. He will be replaced by the current head of the printing unit of hp. He has been instrumental in improving cost structure and organization, helping profitability. To discuss, ian king and dan morgan. Dan, you have a position in hp. Ian, i will start with you. What more are they saying . I had a chat with them both. He reassured me this is personal and not a decision he took lightly. He has to go back to his native australia to deal with his family situation. If you take him at his word, there is no background story, no corporate scandal, no push out. Emily dan, shares of hp up 55 since he took over in the split with hpe. He has grown revenue, profitability. What is the impact on the company . It is interesting because we go back to meg