Before we talk about markets. Ecigarette maker juul, which, pardon the pun, almost went up in smoke last year, bankruptcy. Were hearing the company is seeking to raise about 1 billion here and it is working with jeffries to do that fundraising effort. The company had a bite had about 800 million in revenue in 2022. The hot headline is they are looking for about 1 billion in funding there. We will get you more details later in the show. That aside, and smoking is not good for you just in case, markets right now, not really up in smoke but we are coming up to lows in the day. Were down for a third day. China opened up and is providing some left to these some lift to these markets. We will flash it on your screens in a moment. Down for a third day. Certain sectors are picking up the slack,. 5 to the downside still. But were stable here. You had a big drop in u. S. Markets overnight, you had a melt up on yields with a 10 and 30 year continuing to move up. We are now closing at 4. 10. It re
Strong sales in china host a better than expected pretax profit. Shares up more than 5 in early trade. And just a week ago, it was unthinkable. But the sailing team backed by Larry Ellison overcomes the most probable odds to claim victory as winning the americas cup. Well talk about the americas cup a little bit later. 81 down and they win 98. 54 is where we stand on the down jones stoxx 600. We had losses for the u. S. Markets down, s p down for five straight days. Fairly flat on the if it is ft. Right now. Really, what were seeing in the last few days is directionless trading and a slow edge downwards. Ftse 100 flat. Xetra dax down 0. 2 . Cac 40 off 0. 3 . H m sales up 6. 4 . Pretax profits for the quarter 5. 8 billion pounds. Alcatel lucent up 6. 36 . Tui travel, up about 1. 35 today. The company lifted its full year profit forecast. The group, which owns the thompson and first choice brand saying that Strong Demand in its british markets will help push it to an operating growth of
Suspended. Search planes scheduled to take off from perth, australia are grounded, weather the issue. This morning the malaysian Prime Minister spoke to the world, his message, there are no survivors. Its last position was in the middle of the indian ocean west of perth. It is therefore with deep sadness and regret that i must inform you that according to this new data flight 370 ended in the southern indian ocean. This is based on a new type of analysis never before used by a british company. We are going to talk to the Senior Vice President in just a moment. First some of the families of those missing aboard the flight are still asking for proof. They dont believe. The Chinese Government demanding malaysian government provide more evidence and more information. Tonight the mystery unsolved as to what or who brought down flight 370. Was it a pilot plot, hijacking, mechanical malfunction. The breaking news is that the search has been suspended. The weather where you are obviously looks
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Payments Network Malaysia (PayNet) has released a statement to clarify the recent furore over the implementation of a 0.25% fee for DuitNow QR payments.