And the deal is worth over 44 billion in stock it combines two of the largest providers to wall street and so far 2020s largest dollar wise deal plus, youve seen it on squawk box gm and nikola announce a smaller deal on fuel cell systems doesnt involve equity and well get to more of it why those shares are down so sharply by the way, jim, great to have you back. A lot to catch up on that we missed talking with you about over the last few days as for moderna, another monday here, jim, with 100 on severe and more discussion that come spring we may have nearly ten of these things to choose from. A remarkable moment because it is true this is warp speed and warp speed is run by the army and going to go to longterm care facilities at the same time it is going to go to Health Care Workers and i think the good news here is it will go to a lot of people that no one thought they could get to very early you shotgun the entire level of when you include modrna and dont even talk about j j i think
Christine lagarde says the early resurgence of the coronavirus is a clear risk to the economic outlook. Germany and greece, along with the netherlands, hit daily records. Netflix shares fall in extended trade, missing the streets estimates for q3 subscribers. The groups forecast for the period also suggests the pandemic boom is waning. Have you been painting . Have you been doing household redecoration . If so, you possibly got an akzo nobel product. Lets look at the numbers. Operating numbers operating margin, 7. 7 . The market had penciled in 326 million. Think about the relief we have been given in the u. K. Housing market. The top line margin, annemarie, is a cracking number. The adjusted operating income is a pretty good number. Lets just see in terms of the outlook, because of course, we are going back into a tough winter, as we have seen with the lockdowns and close downs. Thisll keep an eye on statement. It is all about the outlook in terms of whether we endure. Are going to ha
On a friday in june, this is a huge deal. For me, the headline of the week was qantas in australia delaying International Flights into october. Madame lagarde is on that calendar. Im sure what she is saying come and much of what we saw in the United Kingdom yesterday, is lets get to it and keep the fiscal stimulus pressure going. None of these people are standing aside and relaxing. They clearly seems to be the message. Francine 100 . If you look at the shift of a lot of the language of the Central Banks, they see the range of forecast tilting slightly to the downward compared to where they were months ago. We will have plenty more on the markets. Lets get to first word news in new york city with ritika gupta. Upika china plans to speed purchases of u. S. Farm products to comply with the trade deal. Beijing will buy everything from soybeans to corn and ethanol. Purchases fell behind because of disruption caused by the coronavirus, and the countries have been sparring over the origins o
Key read on manufacturing in the next hour. Plus, streaming wars, apple launching its tv plus platform today. It is the latest volley in the original content battle between media and tech giants. And pinterest plummeting, losing a third of its value since peaking in august. And the Growth Strategy for starbucks, Kevin Johnson will join us first on cnbc this hour. Lets get to the jobs number, october payrolls well above expectations at 128k despite the gm strike. Unemployment goes down goes up to 3. 6. Wage growth 3 from a year ago jim, hard to find things to quibble about this month im going to come back and say youre going to have a the beginning of cracks in manufacturing. There is still two economies the twothirds of the economy that is consumer is doing very well the other third is not doing well and we can i dont know how long we can go with only twothirds i think pretty long. But when you if if they shut down boeing 737 max, youll see very different numbers i just think these num
With brexit continuing to be constructive, but any potential deal with the eu could be upended at home. Talks continue today in brussels. Strong countermeasures. China threatens retaliation if the u. S. Passes a bill opposing the situation in hong kong, and carrie lam had to prerecord her address after it was interrupted wise. And it gets better and better for roche, the drugmaker raising its outlook for third time as new drugs that boost sales, and we will talk to the ceo, severin hwan, about doing deals. That is at 8 00 a. M. Hello, matt. Matt about half an hour away from the european open. I am looking at the pound. We could see movement. We pretty much flatlined yesterday. There was the spike we saw at 4 00, right now hanging out just under 128. Lets take a look at futures. Kind of a mixed picture, not as red as we see in america. In europe, the dax futures are down 1 10 of 1 . Meanwhile, cac futures are showing a green arrow although unchanged, ftse futures solidly down. You see a