Mix. Yields job, rc phase ends are safe havens turning into Risky Business . They are starting to buy things may have not bought. It is all ahead on bloomberg best. Hello, welcome. I am angie lau. This is bloomberg best, the weekly review of the most important Business News and interviews from Bloomberg Television around the world. Angie looking at top headlines, the merger uniting two of the largest companies. Chinaig new deal in today, the Ridesharing Company uberss agreed to buy chinese subsidiary. Tell us about how this will work. Based on the announcement, our understanding is that didi will form a new entity valued at 35 million and both will become minority shareholders, and also the founders will become, they will sit on each others boards. This is a combination of a battle that has been lasting for more than a year. This outcome is something that is a winwin for both companies. Didi is worth more today because sharesdeal and also uber are worth more because of the deal. Solar
Lee. Good morning, susan. Good morning. Good to see you as always. Great to have susan with us. Lets get to the market action. Futures at this hour are pointing to a slightly positive open. But as you can see, its essentially the s p higher by 0. 2 . The dow just below flat. The nasdaq just above flat. We did hit alltime highs last week. Gains for the week, more muted. The s p and the dow up less than hf half a percent. Tech was the best performing sector after notable earnings. The tenyear yield, a tight range last week in and around 1. 55, 1. 6 and were in that range again now. 1. 587. Volumes for the week, hopefully coming back from vacation lets get the top corporate story. Verizon set to announce to buy yahoo for around 5 billion. Reports are that yahoo will no longer be an operating company. Instead, it will be a Holding Company for stakes in alibaba. Yahoo says marissa myer not expected to stay on after this deal is completed. At last, we think we have the deal and the announcem
One of thet disrupters. Yahoo has agreed to sell its core business to verizon for nearly 5 billion. For yahoo , it not only ends a drawn out auction process, but caps ceo Marissa Mayers four year turn around effort. For verizon, it extending the companys digital reach to make it a bigger rival to google and facebook. Shares of both verizon and yahoo find the day lower. Julia has more on the deal and whats likely to happen next. Telecom giant, verizoa a hoo. Verizon hoping to combine data from sma aol and yahoo s ad statements to create an ad giant to rival google and b facebook. Theyve modernized the product line and weve gone mobile. Weve invented new forms of advertising. Weve driven towards the prog m guying, the buying push we see happening from advertisers and our user base has grown by. Verizon with its aol acquisition a owned coy tools and bring data about them, which enables more accurate targeting of a broader audience. Flat form. Yahoo , which is a content platform and verizo
One of thet disrupters. Yahoo has agreed to sell its core business to verizon for nearly 5 billion. For yahoo , it not only ends a drawn out auction process, but caps ceo Marissa Mayers four year turn around effort. For verizon, it extending the companys digital reach to make it a bigger rival to google and facebook. Shares of both verizon and yahoo find the day lower. Julia has more on the deal and whats likely to happen next. Telecom giant, verizoa a hoo. Verizon hoping to combine data from sma aol and yahoo s ad statements to create an ad giant to rival google and b facebook. Theyve modernized the product line and weve gone mobile. Weve invented new forms of advertising. Weve driven towards the prog m guying, the buying push we see happening from advertisers and our user base has grown by. Verizon with its aol acquisition a owned coy tools and bring data about them, which enables more accurate targeting of a broader audience. Flat form. Yahoo , which is a content platform and verizo
From london, im francine lacqua. We are getting some breaking sense of the challenges for the german economy, and points to strength. 107. 3, belown at what economists were expecting. We had a median forecast of 108. 4. First, lets get to the bloomberg first word news with nejra cehic. Nejra thanks. Oil snapped its biggest twoday gain in seven years and is trading around 31 per barrel. Even with the rally, wti and brent are down more than 50 this year over concern over bringing u. S. Supply. Formal new york mayor Michael Bloomberg has told advisers to truck plans for a possible independent campaign in this years president ial race, according to a report in the new york times. Bloomberg is the founder and majority owner of bloomberg lp. 18 people have died in the blizzard that paralyzed much of the eastern United States. Many places solve more than three feet of snow, while central park had its biggest 24hour snowfall on record. Tot coast airports are set resume normal Service Today aft