Week on the hole for global stocks. Lets get a first word news update. Heres leighann gerrans. Leighann president macron of france has appointed a new Prime Minister. Macron is preparing to reshuffle his government in the widely expected relaunch of his presidency for the final two years of his term. North Korean Leader kim jongun urging people to stay alert of coronavirus. He warned that complacency could lead to unimaginable and irreversible crisis or get despite the warning, he has reaffirmed north koreas claim to not have had a single case of covid19. This is widely doubted by Global Health officials. European president christine crisiss signature fighting tool is becoming the focus of disagreement among policymakers. Governing councilmembers face a potential risk over how much their emergency Bond Purchase Program should stay weighted toward weaker countries such as italy. That is according to multiple conversations with central bank officials. And hong kong, police have charged a
Optimism is. We used to joke a lot about a month ago about the rally we saw in virgin galactic. Today those shares up 23 . Names that maybe did not have a lot going on around them but maybe they hope and a prayer. Carvana,at was up 80 or so in the past week and a half. There was some Industry Data overnight that seemed to suggest that, at least for carvana, that might not be the case. Are notes trends that as bad as feared. Chief equity advancement officer. Eddie, what is your general outlook here once you get beyond equities at start to connect it with some of the other asset classes. A large Floating Rate Bank loan business, so we are in close contact with our counterparts in both the bank loan and highyield areas. The interesting to look at treasury market and see if very depressed area of interest rate. The bond market telling you there could be things to concerned about. When you get into individual stockpicking, individual industry selection. I think for the rally to continue in
And retail and return. The making of making the return of a merchandise a more customerfriendly experience. Thats the return of friendly. Ell talk to the creo. Four potential competitors are demanding that Mark Zuckerberg be forced to give up control of facebook. In a lawsuit they accused facebook of anticompetitive behavior. They want the social network to sell its whats app and facebook asset. Facebook says the claims are without merit. We are joined by the colead council in the case. Great to have you. Thanks for having me. I wanted to break down some of this piecemeal. First, i wanted you to talk about Mark Zuckerberg and giving up control of facebook. Is this even possible . And why . Control incontestable over the company. His class of shares overpower the class a shares. He has Carte Blanche to do whatever he wants with that company. He has control over the board. When you look at the details of our lawsuit, the anticompetitive scheme was hatch and executed and at times executed
We are seeing a little bit of we will speak about all of this in a few moments. Tesla, one of the lowest today, down, and we have a couple of analyst notes that we want to get to. It is a mixtape for them generally. We are coming to the end of the year, so lets just kind of that to one side for the moment. We are seeing some real ,teepening, 14 months highs youre seeing it here in the United States and in the bund curve as well. We are now only at 18 basis points here in europe for the bund, so it is some real curve steepening. It has to be put to one side that we have this volume. That is significant, nonetheless. Again, we saw some positive comments coming out of the trade commission out of russells. Equity markets down by 6 10 of 1 , but what a crack in cracking year. So far we are not seeing any spikes or anything that might be a concern for investors at least at immediately. Isning us for the latest michael mckee. Does this mean all is where in the treasury market . Michael we hav
Nt took into difficult territory. Can you give me a History Lesson on Travis Kalanick and what he delivered . Mandeep clearly he was a trailblazer and created this market ridesharing. He was probably too aggressive. Was on the cultural side. He did not care much about the reputation of the company that much. In hindsight, that was his mistake. Even though he was focused on expansion, there were certain reputational things that probably hurt him a lot. Even after the lock up, travis was probably the most in terms of selling the stock. Company hadall the a hard time keeping him on the board and involved in the day today aspects of the company and on the other hand he was telling the stocks so aggressively. Hopefully that is what this management hopes for is to change the shareholder base. Right now when you look at the shareholder base, they have softbank as the largest shareholder followed by benchmark. Chmark typically exists they are not there for the long term. For a large tech compa