Europe is steady powell makes some remarks later on tonight road map begins with megadeal monday lvmh announcing a deal to acquire tiffany. Charles schwab buying ameritrade, 26 about the all stock deal it will combine the companies the two biggest publicly discounted brokers will have more than 5 trillion in client assets ebay set to sell off stub hub for 4 billion david has details on that. Lets start with this Historic Deal in luxury goods lvmh will acquire tiffany. The deal is worth 135 a share, two Companies Expect to complete that deal by mid2020. I assume you can fill us in on what is going to happen to the brand, synergies and all of that. Listen, i mean, it is an important transaction for lvmh, which tried twice before as my understanding and not been able to get there had done it privately. From a m a Strategic Point of view, this went about as well as sort of it had been could have been hoped for from both sides. Seasoned advisers on both sides, who i think i thought they wou
After reporting better than expected earnings ahead of the launch of its streaming service next week. And we have a big interview coming up in just a few minutes. Billionaire investor leon cooperman says he will support fellow billionaire Michael Bloomberg if he runs for president. Cooperman joins me exclusively to explain why joining us for the hour is mark tepper from Strategic Wealth partners mark, great to have me here. Thanks for having me, appreciate it. What is your take on the market we saw record highs this week, but seem to be moving sideways here today yeah, so, overall, investors are definitely riskon right now, because of this trade optimism i know trump said today that maybe there has been no agreement with regard to rollbacks and tariffs. But nonetheless, risk is on. And were seeing this rotation now out of bonds, into stocks. Were seeing a rotation out of defensives, which had been leading the market into cyclicals. And really, one of the biggest driving forces right no
Good to be with you. Im annemarie green. So we begn with a historic day in washington and for this country. For the first time, the impeachment inquiry into President Trump is set to go public. This morning bill taylor, the top u. S. Diplomat in ukraine, and george kent, a highlevel state department official, will testify before congress for all of america to see. Both men raised concerns over mr. Trumps attempts to pressure ukraines president into investigating joe biden and his son, hunter. Natalie brand is on capitol hill. Natalie, what are democrats hoping to achieve from this public testimony . Reporter annemarie, House Democrats say they want the American People to hear the evidence for themselves in the witnesses only words. We already have a good idea of what these witnesses are expected to say since bot taylor and kent have already testified behind closed doors as part of the 15 witnesses and more than 100 hours worth of depositions that have led up to todays first public hear
Aerial advertising over Otterbein University with a banner saying socialism destroys ohio jobs. Vote trump. They also took out a fullpage ad with the actors of the top three democrats, and captions suggesting that they would wreck ohios economy. Actress Felicity Huffman reported to a prison in california. Behind barswo is for writing her daughters as part ofam scores the College Admissions scandal. After she is great, she must perform 250 hours of community service. Global news 24 hours a day, onair, and tictoc on twitter,f the College Admissions scandal. After she is great, she must powered by more than 2700 journalists and analysts in over 120 countries. Im Mark Crumpton. This is bloomberg. Powered by more than 2700shery d headquarters in new york, im shery on. Amanda live in toronto, im amanda laying. We are joined by our bloomberg and Bnn Bloomberg audiences. Here are the top stories. Jpmorgan widens its edge on rivals as the biggest u. S. Banks navigated into mulch was third quart
Of apple power lunch starts right now welcome to power lunch. The green bouncing back. The major averages on track to end the week down about a percentage point check out shares of apple jumps on that production report. The stock is up more than 3 climbing back for the all time high of 232. 35 which it exactly one year ago today well have much more on apple a little later on. Expectations for a rate cut or two this year are on the rise this week. Federal reserve chair Jerome Powell spoke at a fed listen event. Lets get to steve who joins us from boston with the headlines kelly, the fed chairman speaking right now at one of those events with the fed taking up public commentary he is noting that the Unemployment Rate is near a half a century low which is what i would have said if the chairman hadnt said it he said inflation is running below the 2 objective its caused the economy in a good place which is the praise a lot of fed folks have used it does face some risk including low growth a