Reduce what it does through bankruptcy. Greece has declared a national day of mourning after floods killed at least 15 people on wednesday. The flooding came after a severe overnight storm brought driving rain to the greek capital. Roads turned into money rivers muddy rivers that carried away vehicles and tossed them into piles on roadsides. More torrential rain is expected tomorrow. Global news, 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. Im alisa parenti. This is bloomberg. Bloomberg technology is next. Emily im emily chang, and this is bloomberg technology. Stocks slide, equity falls. Tech stocks at record levels. Is there a massive pullback to come . Can blackberry make a comeback with software . We will hear from the ceo in an exclusive interview. Tencents blowout quarter. Sales jump more than 60 in the last quarter. We will discuss the companys secret to continued success in asia and its u. S. Ambitions. First, to our lead. Cauti
Higher after several days of declines and following the string of declines we have seen around the world. Also strong because of technology earnings. Take a look at whats going on. Walmart is up 7 . Comparable sales of 2. 7 . The strongest it has seen in eight years. Its having its best single session in a year and half and trading at a record high. Cisco shares are also rising expressedcompany optimism that its transition to more Software Services is going well. Its Current Quarter will have twofirst sales gain in years. Thats helping propel those shares higher. Weve got walmart again. Rockwell automation. Rockwell shares have been rising. Also taking a look at paypal and synchrony financial. It is buying a Loan Portfolio of 6. 8 billion dollars from paypal. Its also getting an exclusive contract for paypal Consumer Lending and paypal is also at a new high today. Mark getting some breaking news on siemens planning to cut jobs. It is closing at least two sites. Europes biggest Engineer
Under 30 minutes away from the end of the thursday session. Look at the rebound we are witnessing. Increase first increase in european stocks for eight days. The swedish krona, sterling rising today. We had inflation data out of the eurozone today. A final estimate at 1. 4 headline year on year. September, logged in core inflation,. 9 percent, same as the early estimate, below the previous months. The green dotted line is the. Cbs target, just below 2 both measures are still a far cry from that measure, which is why the ecb continues to pump money into the economy. Lets get to some corporate data. A french carrier founded by a a 3. 5 billionaire had increase in thirdquarter sales after luring subscribers in the fiercely competitive wireless market. Its debut in 2012 intensified this price wall which has resulted in sluggish sales. Ltsperformance prompted to report a profit warning. Iliad gains 250,000 subscribers, wireless, 24 7 7000 broadband users during the quarter, bringing the tot
Pace for their best day in the month of november. And as mentioned, this represents a rebound. The averages were down two days in a row. S p 500 down last week for the first time in nine weeks. We see some buy the dip action. This is on pace for its best week since about seven weeks. Strong action. And in fact, we have a bloomberg terminal, although i do not see it, it was showing the fact this is really stands out, the russell 2000 was generally weaker. Here it is. Lastue, the russell 2000s record high in october, taking a slide. Investors were worried about tax reform. At 15,a white, the vix, then at 16, suggesting it could rise more. Despite the strength from today, russell 2000 could be looking at more volatility ahead. Time will tell whether the dip buying will prove true. And the minor pullback for major averages. Taken a look at top stocks for the s p 500, we are looking at walmart and apple. Walmart up more than 8 , beating estimates in a big way. 54 is how much the online sale
Means over 3000 in tax relief. Texas as a whole, i will welcome the 74,000 new jobs coming away because of tax reform. It also means hardworking americans everywhere will see more in their paychecks and they need it so badly. We all know this quote, will rogers, the difference doing death and taxes is death does not get worse every Time Congress meets. [laughter] it is funny but a perfectly captures how most americans have come to feel about the tax code. With the tax code we have today, americans have seen it get worse and worse. They have seen it become more unfair, more complex and more uncompetitive. When congress met today, americans finally saw something different. They saw us come together and makes our cap make our taxes them better for them and our nation. Today was a major step forward. This is certainly not the last step in our tax reform journey. We still have a way to go and we will continue to listen to the market people. We have always said, this is not our tax code, it