As germanys spy chief says huawei cannot be fully trusted, we speak to the companys officer to the u. S. In this hour. It is 9 00 a. M. Across the emirates, 1 p. M. In hong kong. Im tracy alloway. This is bloomberg daybreak middle east. Manus im manus cranny in riyaad. There is a new globally important date. December 11, their remco ipl will start to trade. The valuation anywhere between 1. 5 to 1. 7, depending on which analyst or moneyman or woman you speak to. 40 from the u. S. The negative Interest Rates. Billion, buthe 15 only one question that matters in riyadh. What is the valuation and who is going to buy their remco ipo . We have a guest later on. Michael thompson in terms of flow of money. Joins me after 30 minutes. We will get his brexit take, the flow of money and how important the region is. Good morning. Tracy lots of interesting conversation coming up in just a few minutes. Before that, lets check in on the markets this morning. The benchmark 10 year yield on china Govern
Space, berkshire results and the letter tonight and tomorrow. Europe is pretty mixed in the tenyear below 289 begins with stock futurer pointing to a better open. Investors continue to digest the potential impact of higher inflations and rates on equities, three weeks since the selloff began. General mills bets on pets. The cereal maker agreeing to buy natural pelt food company blue for a billion dollars. And on the heels of historic tax reform, turbotax maker intuit delivering but weaker than expected guidance ceo joins us exclusively later this hour. Stocks are poised to open higher, three major indices on pace for third negative week in four First Time Since november of 2006 the nas ended in the red. S p and the dow about 6 below alltime high. After another session which couldnt hold the interday highs. It has happened four days in a row. I think theres scepticism of investors being willing to wade back the flow of shows as of the weekending february 21st still major outflows of dom
Winner last night, and today, the final straw, john kasich expected to do the same at a News Conference in his home state of ohio at 5 00 pm eastern. Trump is defeated, 16 others, Hillary Clinton is having trouble dispatching one, senator Bernie Sanders surprising many with a win last night in indiana. Our Political Panel put it all in perspective. Hillarys call crisis, more tech caught a airbag recalls and tesla reports earnings after the bell. We are one hour from the closing bell. I am lori rothman in for liz claman. Lets start the countdown. Breaking news, the tao is off the session low, the dow and s p both trading near three week lows, the global slowdown concerns, investors brace for earnings after the bell. Gains we are keeping a close eye on, 21 steuben century fox and Weight Watchers. We bring you the resultant reaction in the market as soon as they cross. Home is where the heart is but investors are not feeling the love for homebuilders, they were downgraded in ups dragging
Realizing just how lucky they might be thanks, to the strong dollar and theyre taking action on that. Its one of the chief reasons they have rallied most of the day. A Late Afternoon decline, the dow is dipping, nasdaq sliding. 14 . Yes, today, we got a graphic example of what can happen when the u. S. Executive decides to think big and thats exactly what fred smith the ceo of fedex did this morning when he announced this companys 4. 8 billion acquisition of tnt express. A company that has huge market share in europe. This fuel i heard say it wasnt that transformative. Will you stop . This encaps lates all the good things celebrated or talked about on most tv shows and written about in the papers or the web. No one is talking about this. First, fedex is getting tnt for a fraction of what rival United Parcel wanted two years ago. They blocked ups 7 billion takeover attempt because they saw a lot of overlap, firings, there is no overlap here. This is much virgin territory for fedex. When
Stay with us as we follow the stories here. Down day for oil prices. Now Goldman Sachs is predicting 75 a barrel. Sometime next year. Consumers win, of course, if that happens but who loses . The list might be longer than you would imagine. Coming up. Speaking of earnings, twitter is out with the results of one hour from now. The stock down nearly 25 this year but its done better in the last couple of months and the ceo is here exclusively to talk earnings and why investors are down on the company this year. Looking for that very much. More developments on the ebola front. Now a 5yearold in new york city is being tested as a nurse in new jersey is shifted from hospital quarantine to home quarantine in maine. Are the latest government actions more about containing the virus or containing the fear that the virus may cause . Well break down how the ebola fear factor could cost state economies. Not so spooky looking across the indexes and going into the final hour, the dow off the five poi