Tweet me jim kramer the worst hit, tech especially the cloud plays that were roaring hard not that long ago. They were crushed and the worst part, i dont think that the selling is over. Yeah, anything that helps enterprises harness the power of the cloud had been on fire coming into todays session along with anything related to streaming content and thats because of the wildly successful disney plus, the new over the top service. Theyve been the big winners for several weeks ever since nvidia and splunk whats driving this new found weakness and how long will it last isnt that what you want to know im going to walk you through all the reasons so you know whats ahead first, its the beginning of a new month, right almost every new month especially after a very big run we get a period where large funds decide to take something off the table. Not a dumb idea. Given that no one was expecting this selling, witness the clueless pajama traders as of last night and this morning who were still bu
Marks 30 years since the fall of the berlin wall we look at how my life changed the towns along the form of quarter. What prompted you to be a business i want to johnsonville im glad to have you with us german engineering conglomerate siemens reported a rise in its 4th quarter profit and revenue beating analyst expectations the company said it achieved its 4 year targets for fiscal 29000 despite headwinds from a cooling economy siemens is in the midst of a restructuring process that aims to make the group fit for the future. Siemens chief executive joe kayser has big plans with his vision 2020 plus strategy he wants to make the industrial giant ready for future challenges hes going to do this by splitting it into 3 major units Health Logistics and digitalisation as far as hes concerned the era of large corporations is over britons are him their names concerned. With our corporate concept barking on the biggest transformation in the companys 172 year history this is a significant even o
Become free once again on the edge of default. Kathleen lets look at how u. S. Stocks ended on friday on wall street. As a matter of fact, they have opened down nearly a percent. Lets just bounded off. Not too surprising. Much was expected to happen. , they small moves within a 10th of a percent in either direction. A couple big things happened. Fell tosumer sentiment its lowest level since 2016. If Consumer Sentiment slips . Markets were expecting to have 110p and they billion on all kinds of import to the u. S. And on top of that, over the weekend, as expected, chinas purchasing managers in august. Ing again so many things are adding up to what the Bloomberg News team says it could be a volatile month for stocks again. For august, it was the first klein since may. Argentina, hong kong protests, it will be a test for equity markets around the world. Paul lets check in on the first word news. Hurricane dorian has made landfall in the bahamas as the strongest storm ever recorded there.
Fortune magazine summit in aspen colorado. This at two hours. Thank you. Moving on to our opening interview. This at one of our themes in our next story and conversation. I want to welcome the ceo to post mates. So far you appraise a court of billion dollars. Facing challenges in introducing us to a new friend. Please welcome bastion lehman. [applause]. Bastian hello. Welcome. Your Business Model at Pretty Simple. There are a few other business out there in the same area thats doing pretty well. Can you explain a little bit about how you approach innovation. Bastian good morning first of all thank you for having me i am excited for being here. We would like to compete not dollar for all dollar but at its innovation. I think in many cases at the smarter way to compete. Money at one angle and i think an important one but if they are not the most wellcapitalized player, i think you have to find alternatives. Thats what we do as a company at estimate. One of the innovations that we have he
The markets in positive territory in europe after that good news off the back of the 620 summit between the us and china. And cashing in on the multi trillion dollar Global Education market well be talking to one firm that works to get students into top universities in the us and uk. 90 thats how much people here in the uk splash out on average on a night out. Today we want to know how much you spend when going out on the town. Let us know just use the hashtag bbcbizlive. Hello and welcome to business live. 6lobal oil prices have surged after iranjoined Top Producers including saudi arabia, iraq and russia in saying it would support extending supply cuts in a bid to push up prices. The oil cartel 0pec is meeting in vienna today to make a final decison. Its expected 0pec will roll over supply cuts of more than1 Million Barrels per day until the end of the year. The ongoing trade war between the worlds two biggest economies the us and china has held back brent crude prices in recent mont