All. Lets get to it. We kick things off from a monster move from microsoft. They are surging josh lipton is fresh off the call whats the news here we have microsoft executives talking to analysts. Cfo amy hood saying commercial cloud 16. 7 billion with growth accelerating calling that an overall p. C. Market that was stronger than expected the ad market showing improvement of course benefitting search and linkedin. In Broad Strokes were seeing a new age of Digital Transformation and microsoft is powering that with the Cloud Platform and investing to bring more customers going line by line linkedin revenue up 23 and record levels of engagement. Teams 60 million daily active users on mobile alone now and gaming surpassed 5 billion in revenue for the first time the launch of the new console was the most successful. Were gaining console share. Did you say 60 million daily acty users on mobile alone 60 . He did talk about teams and gave that stat 6 0 million daily actactive uses on mobile.
California congressman brad sherman chaired the hearing. The subcommittee will come to order. Without objection, the chair is authorized to declare a recess at any time. The full committee not on the subcommittee are authorized to participate in todays hearing. Members are reminded to keep their video function on at all times. Members are reminded that they are responsible for muting and unmuting themselves and to mute themselves after theyre finished speaking. Consistent with the regulations accompanying the resolution, the staff will mute members and witnesses as appropriate when not recognized in order to avoid inadvertent background noise. Members are reminded that all house rules relating to order and decorum apply to this hearing. This hearing is entitled Insider Trading and stock option grants, an examination of correspondent integrity in the covid19 pandemic. We know that we have votes on the floor. We will not have any further delays of this hearing in order to allow members t
Second highest rate of cases in the world and supply of protective gear was uncertain. Some estimated supply would run out in a matter of days. Use the defense protection act to leverage the equipment to keep fighting the pandemic. Using the dpa is crucial in our fight against covid. However, i was just as surprised as many of us when the International Development finance corporation announced they would issue their first dpa loan to kodak to produce pharmaceutical components. The dpa is finally being utilized but to a company that only just recently left bankruptcy with no proof of success of pharmaceuticals, being trusted with such an important task. Frankly its not a joke. Kodak ceo purchased shares of the company, leading up to the announcement and received 1. 75 billion Stock Options from the kodak board the day before the announcement was made. These Stock Options may have been worth as much 50 million just a few days later. A letter from the committee to the s. E. C. Urging inve
A lot of the focus is on the tension in hong kong and what that means for european stocks. You can see a shift to the downside. Pound is your time to figure out whether we will see a deal or not. The dup is pushing back on what was optimism in the markets. The u. S. 10 year yield is at 1. 72. To a chiefwe speak executive. They have a new way of looking at risk, dont miss that interview at 11 30. Lets get straight to first word news in new york city. Ohio, joe biden defended his son against Donald Trumps attacks and Elizabeth Warren faced criticism of her how she would pay for her vast government programs. But the Democratic Candidates reunited on one thing, the need for an impeachment inquiry into President Trump. President mounting on and kara ankara. They face sanctions and accusation of war crimes. Moscow says the operations are quote unacceptable. A former pentagon chief says that recent actions could lead to a return of the Islamic State in syria. Surprise injection caught traders
Dozens of roles in its Global Fixed Income division. Matt good morning. What incredible moves in the market yesterday. It was not about equities, it was the climb in yields that took traders breath away. We see the 10 year yield, 10 basis point move from 146 to 156. Nejra that was the biggest jump since january. Any paradigm shift and markets, or to do with positioning. Matt we could have seen people , yieldsd of themselves fell quickly and fast. Stocks took a hit in august. What happened overnight in asia, stocks gained yesterday in the u. S. That carried through to asia, and you still have s p futures positive. People taking and putting risk back on the table means they can sell the yen and as a result get 107 japanese yen for your dollar. Nejra with u. S. Equities back above the average, that was notable. The gains yesterday means in a week we have regained the losses we saw in august. U. S. Debt, the best month since 2008 and august. We saw yields move higher. And 30 yeartwo, 10, c