Ruled that Christine Lagarde will have to stand trial in the case stemming from her time as frances finance minister. She is accused of negligence that pave the way for massive corruption of government payout to a tycoon. Virginia senator tim kaine is emerging as the leading contender to join the democratic ticket as Hillary Clintons running mate according to two democrats who both cautioned that mrs. Clinton could still change directions. The announcement of her pick could come today during a Campaign Event in tampa, florida. It follows the just completed republican convention. Global news 24 hours a day powered by 2600 journalists and analysts in more than 120 countries, i am mark crumpton. Emily im emily chang and this is bloomberg west. Coming up, verizon can see the finish line in the race for yahoo details on the Telecom Giants 5 billion pitch. Pandora opens up. One million active listeners have tuned out. Founder and ceo Tim Westergren explains why he is not worried. And its not
Leading the rally today, tech, discretionary, industrials. Meanwhile safe havens are biggest laggards in the market. Dom chu looking at the stocks that got us back to alltime highs. Dom. Its an impressive run, but remember were just where we were a year ago. First of all know the s p 500 since that time up about 5 the last time we saw that record high may 20th intraday 2015. Since then the utility sector, defensive ones like you talked about gaining the most in the s p. Meanwhile energy up the least in that amount of time as well. Something to watch out for as we move from record levels to new ones today. Look at points stocks individually done really well. First of all ulta salon, up 67 just since the last time we hit a record high, beauty products, personal Care Products a big part of that story. Another one, second best performing stock since then, one that we all know about, its amazon. Com. Those shares up by about 78 since the last time we saw record highs. So amazon continues th
Experts weigh in breaking weigh in breaking news this morning said they appears to go to mass spraying a site to site this morning in an effort to control the spread of the disease and other cases reported this morning in miami. At night, the latest Insurance Company backing. Changes need to be made. What it means for hospitals in the u. S. Time warner set to the hoard its quarter ahead of the open this morning. The media giant to a decline in their hands in revenue a year earlier. Seen some pressure with futures indicate a loss of 30 points on the Dow Jones Industrial on the Dow Jones Industrial on the Dow Jones Industrial average. Stocks down seven out of the last eight days. Seven days in a row. The longest losing streak in nearly a year for stock prices. Your first look at arthritis government report. The adp report due out today. And europe, next miss. Folks earnings coming in. The ft 117 points. The dax up a fraction. A look at performance in asia and the nikkei average in japan
Guthrie live from studio 1a in rockefeller plaza. Good morning, everybody. Its 7 00 a. M. On the west coast. Were waking up to terrible news. A passenger plane crashed and theres fears it could be terrorists. There is more we dont know than we do know. Here is what we do know. This was a relatively new plane. An airbus a320 about seven or eight years old or delivered to egyptair about seven or eight years ago. Both the pilot and copilot have thousands of hours of experience. The plane disappearing about 30 minutes before it was scheduled to land in cairo. Most of the 66 people on board were egyptian, although passengers from many other countries were on the manifest. At this time we dont think there were any americans on that plane. Debris believed to be from that plane has just been found within the last hour. Weve got complete coverage. Well start with keir simmons. He is at Charles De Gaulle airport outside paris. Thats where the flight originated late last night. Good morning. Repo