There is only one tech giant that is valued at more than a trillion dollars. Its not amazon or apple but microsoft. And it has just proved again why it is the worlds most valuable publicly traded company. Injust three months, this giant brought in almost 34 billion in revenue. About the same amount as the value of cypruss entire economy. And unlike a number of the tech giants, this company is actually making money. Lots of it. In fact, 13 billion of profits. How . Office software and Cloud Computing are proving to be the big money spinners for microsoft. The likes of microsoft 365 and the azure business in particular. Whats powering all of this . An unexpected rise in the number of new desktops and notebooks being sold around the world. Theyre up by almost 5 . Why . Companies are trying to replace old machines still running on windows 7 before support for the software expires next year. Theres also the fear that this could be a much more costly investment in the future if trade tariffs
The countrys leadership wants to cut taxes that were heightened during three successive international bailout. They worsen the hardship that many greeks have already been expanding. The final Bailout Program ended last august. Congolese soldiers and police will enforce handwashing and beaver checks now that the deadly Ebola Outbreak has been declared a Global Health emergency. Health officials in congo says those are the key steps in containing the disease that has killed more than 1600 people in the past year. Health workers have faced hostility and even deadly attacks that have hampered critical work of tracing contacts of infected people and vaccinating them. Global news, 24 hours a day, on air and on tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. Im Mark Crumpton. This is bloomberg. Shery live from bloomberg World Headquarters in new york, im shery ahn. Toronto, imife in amanda lange. We are joined by our bloomberg and the nm bloom
Tensions rise even further in the gulf. Iranian forces seize an oil tanker. Shery lets get you started with a quick check on how markets closed on thursdays session in the u. S. Equity indices mostly lower for most of the session before they saw a rebound after the dovish comments coming out of fed officials. , being led up. 4 higher by financials and consumer stocks, not to mention the fact that chipmakers gained ground. We had a positive outlook from an apple supplier. We had some geopolitical news being felt across the market. We had u. S. Equities gain a little bit of ground after we heard the report that iran offered is attentive deal a so antative deal to the u. S. Substantive deal to the u. S. Are paring back earlier gains at the moment unchanged. Lets see how we are setting up for the asian market. With that being said, is just off look set to track the event we saw on wall street. Kospi may find support after a twoday drop. Calls for fiscal stimulus from the government after t
A 5 billion charge when it reports earnings next week. Shery ahn lets check the markets. Continueat momentum with u. S. Futures gaining 0. 25 . Stocks were down for most of the reboundedssion, then as we have dovish speak from fed officials. Stocksals and consumer leading the gains on the s p 500. We had chipmakers gaining ground, some positive outlook numbers for tsmc, which is an apple supplier. We had a boost from geopolitical news with the word out that iran had offered a substantial deal to the u. S. That boosted equity markets, but then later had news that the u. S. Shot down an iranian drone, so that tempers gains. 0. 3 at theing moment. Lets see how we are setting up for asia. Sophie a mixed start with kiwi shares weaker. Inures pointing higher seoul, korea in sydney on earnings prospects. Gains in tokyo to wrap up a tough stretch into sunday selections in japan. A ramp up in volatility for the nikkei 225. Looking for support after a twoday drop with calls for fiscal stimulus a
Paul good morning and welcome to daybreak australia. I am paul allen in sydney. Annabelle i am Annabelle Droulers in hong kong. We are counting down to asias major market opens. Shery good evening from bloombergs World Headquarters in new york, i am shery ahn. The top stories this hour. Takes birthday in two weeks helps u. S. Stocks again as treasury yields go higher and argentinian experts in freefall as a government deals with the political outsiders shaking up the election race. Chinas property prices affecting the listed industry. Shery we meet a man who could be taiwans next president. He tells us exclusively how he plans to reassure voters and maintain peace. U. S. Futures coming online slightly higher in the asian session. This, of course, after we saw u. S. Major benchmarks gain ground, tech leading the gains. It was a lowvolume session, not surprising given that august is a slow month, but a small tin can make a big difference. The russell 2000 of smaller stocks fall into a on