Enough clarity on the economy to justify restarting payouts yet. That decision is not yet final. Global news 24 hours a day on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. I am Mark Crumpton. This is bloomberg. It is 1 00 in new york and 1 00 a. M. In hong kong. Welcome to bloomberg markets. I will be speaking with bill ackman. We will discuss the debut of his new Blank Check Company which raised 4 billion in its initial offering. He will weigh in on what kinds of companies he wants to target with the money and other investments. First, lets look at the markets. We are higher. The nasdaq has erased all of its gains. 25 . P 500 is up mark forck at the 70 the you in the. With heating up today expulsion of the envoy from china. I want to point to the fact that we will be talking about in a moment and that is the Blank Check Company that is trading up an ipo today. The expectation was to raise 4 billion and we will be talking
Points. Here are the big stories were watching today. Weyerhaeuser is buying plumb creek timber for 8. 4 billion in the total price tag. The combined company will keep the weyerhaeuser name and manage 13 million acres of timberland. You can see plumb creek timber up 17 in the premarket. The dubai air show is now open for business. The last show two years ago saw record breaking orders. Thats not the case this time. No major purchases yet announced. Some say this is raising the red flag about the longer term health of the business. And in other global news, lufthansa canceling more than 900 flights today due to a cabin crew strike. A union calling for a walkout in frankfurt, munich, dusseldorf. 900 flights canceled. We talked about it on friday, i dont remember a lot about it. I remember i had to say dusseldorf. I remember seeing that in the teleprompter and nailed it. Nailed it. So theres a five star hotel there. There might be but i wasnt there on vacation. You were you were not there
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