By. 7 the hang sang was up by 2. 1 the shanghai composite up by 2. 1 in europe right now where there is active trading taking place, green arrows across the board. The biggest gainer is the footsy up by. 8 . Quick check on treasury yields which was so closely watched last week when you saw the temporary inversion in the middle of the day between the 10s and the 2s this morning, 1. 618 the two year is 1. 15 so showing more room than we have seen over the last several sessions. We have a huge week ahead for wall street. Kicking off today, big tech executives testifying at ustr hearings then tomorrow, quarterry lults from home depot, kohls and t. J. Maxx wednesday, fed reports on existing home sales plus reports from lowes target and l. Brands and thursday jackson hole symposium kicks off where, of course, Steve Liesman will be. All leading up to fed chair jay powells big speech which will take place on friday but meanwhile, we want to pivot right now to an update on the big story over th
So theyre not paying bank fees and a lot in health, new vaccines. So were by far the biggest funder on malaria, coming up with new bed nets, new drugs. A vaccine, a way of killing mosquitoes. Yeah, but if you think about this in terms of ethics, are you driven in your philanthropy mostly by excitement, by the potential outcome, or does it come from some deep psychological motive, you know, guilt, a feeling that you should live a life thats purposeful, a feeling that, you know, you genuinelyjust dont know what to do with this cash . I not only want to put the money in, but i want to put my time in and assemble people so we can learn, you know, what Health Systems work, which ones dont. I, you know, find the work very fulfilling. I get to learn new things. Get to go to interesting places. Yeah. Theres no sacrifice involved. Its. Well, its quite a lot of financial sacrifice sure, but i dont have any use for that money. I mean, im not denying myself, you know, the worlds best cheeseburger,
Humans. They plan to Start Testing the vaccine in a few weeks on 40 people. The cavaliers are back in cleveland, after delivering the first major championship in 52 years. The cavaliers won the seventh game after falling 31 against the golden state warriors, the first time that has ever been done in nba history. Emily welcome to bloomberg west. Facebook holds a muchanticipated shareholder meeting. Plus, the bumpy road to india. There could be an opening for the tech giant in asia. A countdown to the biggest deal in m a history. Dell continues to trim the fat. Facebook holders have approved the creation of a third class of shares to give Mark Zuckerberg the controlling share of the company for the for the forseeable future. The board was approved, including peter thiel. Not all shareholders are pleased. She expressed opposition and said that it would be implausible for outside shareholders to have input on the shareholder decisions and we are concerned about the governance risks. Sarah
Deficit is incredible intimidating to both home gamers and professionals alike. There seems to be two sides to every story. And the vast number of times in this market, the ugly side is taking precedence. Even as initially the Positive Side seems to be winning. These reverses were forward progress, doesnt matter, are shocking people and making so many investors rethink whether its even possible to make money in the market. At least at this very moment. First, let me just say, for now, the market is dominated by traders, particularly traders that believe the average has to fall, maybe 4 or 5 more before we get on even footing. That over arching view of the s p 500 in the market where futures and eft trading color everything is setting a tone. One thats got tremendous gravity because we could potentially get a hideous employment number in two days. Let me give you trade and true brutal numbers of what im talking about. Vicious stories from the front, okay . From the front lines. Where th
Train continues philip morris, kkr are among the names to watch before the bell today. News corp. , activision. The ecb will announce its policy decision later today. The market is hanging on those two reports. Kayla, thank you very much. Weve got some big Corporate News for you this morning. Twitter, that was your top corporate stories. Shares getting slams slammmed. The stock is down big time, about 17 . Wiping out basically a sixth of the companys value. Earnings and revenue did beat the street. That was not the problem. This was. Slowing new user growth and a severe decline in timeline use. Thats when a user refreshes their twitter spaj, being used as one of the key measures of how active users are. Ubs out this morning cutting price targets from 55 to 35. What does this say about twitter . These crazy valuations. I dont want to say they havent revolutionized the world. They have. But is it possible that this is the beginning of the bubble getting ricked . I was thinking about this