Speech this morning. And alibabas ambition. The chairman tells bloomberg the Company Needs to embrace a to globalmindset expansion. Matt less than half an hour from the start of stock trading here in europe. We are already trading bunds. Futures down across the board. You dont see a lot of enthusiasm for risk assets there. If you look at bunds, you see a little buying but make change ofs screen to a oneday shot what has been stuck in a tight range. 0. 407. Still at just a tiny bit under where we were at the close yesterday. Arent really moving, equities arent really moving. In fact, from the korea story, it doesnt seem like anything is moving. It is still the bank of england pushing markets around a little bit. Guy i think the market had anticipated we would get this missile fired at some point. We thought it would be last weekend, we got a risk rally round of the fact it didnt happen. The market got used to the idea and when the missile was finally pushed into the air, as a result, we
Trading 30 minutes away from the end of the friday session. Down for a second day in three lead by grace, denmark, and the ftse in london. Sterling continues to rise as the pound continues to rise, 1. 4 higher against the dollar. A boe policymaker goes from dove to hawk and increases the chance of a rate hike in coming months. H m had a bigger summer sales clear out inventory and did more in the Second Quarter than it would probably mean to discount need to discount more in the Third Quarter after an annual 27 surge in inventory as of the end of may. It did say the autumn season is off to a good start. After this massive clearance sale. 2. 6 is the rise in h m shares today. Shares have fallen 16 this year and on track for a third annual drop, the longest losing stretch on record. Portugal strengthen economy leading the bond market confidence and helping drive down its borrowing costs with the yield premium to the german basisar has front to 240 points, near the lowest level since janua
Ma. Cofounder and group ceo daniel zhang. Everybody has a big chance to go digital, but people need to change. Three leaders driving alibaba the global disruptor. Stephen it was a humble as theyg for jack ma cofounded alibaba in 1999. The chinese were even connected to the World Wide Web and alibaba wanted in. Ofbaba employee was expected contracting sars in 2003, Senior Executives were quarantined and that gave birth to perhaps the best platform today. Which growth ebay out of china and led to the single day shopping extravaganza and the world meeting the new ipo in 2014 and the launch of many new businesses, much like bloombergs set up for the interviews, the rise of alibaba has been no small feat. And its next steps may be even more demanding. I think the challenge is getting bigger. Much bigger than the early days. The early days is the fun part. When we competed with ebay, when you see the sars, theres a lot of things you can learn from the other guy, the other companies, but toda
Of stocks, we will start. Stephen cofounder and group ceo daniel zhang. Everybody has a big chance to go digital, but people need to change. Stephen three leaders driving alibaba the global disruptor. Stephen it was a humble beginning as they cofounded alibaba in 1999. Few chinese were even connected to the world wide web, but enthusiasm bubbled abroad and alibaba wanted in. When the tech bubble burst, many plans were put on hold. When an alibaba employee was expected of contracting sars in 2003, Senior Executives were quarantined, and that gave birth to their best idea to date. It drove ebay out of china and led to the single day shopping extravaganza and the world meeting the new ipo in 2014 and the launch of many new businesses, including aunts financial. Much like bloombergs set up for the interviews, the rise of alibaba has been no small feat. Good to see you again, jack. Stephen and its next steps may be even more demanding. I think the challenge is getting bigger. Much bigger th
General assembly our Michelle Carew sa cabrera is on the scene to recap what we just heard michelle hey there, carl a fiery speech where he called out specifically north korea, iran, and venezuela and called for the great revival of nations. Used the word sovereign and sovereignty over and over again, reiterated america first, as he did on the campaign trail, and also during his inauguration speech one of the big headlines will most likely be on the headlines in all the newspapers tomorrow is when he said if its forced to defend itself, United States for its allies, we will have no choice but to totally destroy north korea. Rocketman is on a Suicide Mission for himself and for his regime he referred to north korea repeatedly as the scourge of our planet today, the depraved regime, a band of criminals. When it came to iran, he called it masking a corrupt dictatorship behind democratic facade and he said the iran deal was one of the worst onesided transactions, an embarrassment to the Un