You are just singing and dancing to taylor swift. Shake it off. Its so catchy. I will play it during the show. Lets get you the top Global Business stories of the morning. The big prize in todays Midterm Election is who will end up in control of the senate. Republicans need to pick up six seats to recapture the chamber. Calls it agton post near certainty. We know that this election will send a clearcut message that the republican way is the way we will create jobs in this country. House,rama about the republicans are expected to add to their majority and you can watch it unfold right here on Bloomberg Television. Our election coverage begins at 5 p. M. Eastern with a special edition of with all due respect her cup we may stay on with and we may stay on all night long. More money was being spent on average ties them. We heard from the alibaba vicechairman and what he was asked if the company intends to grow through acquisition. We always want to add more users and more user engagement.
Boone pickens, another bloomberg exclusive. Welcome to Market Makers. I am Stephanie Ruhle p or and i am matt miller in for Erik Schatzker today. You know why he is not here . Today is the 41st birthday of matt miller. Happy birthday, big boy. Thank you very much. After what i can only describe as a blood bath last night for the democrats, republicans won just about every disputed race in the country, capturing the u. S. Senate in the process. President obama will hold a News Conference about what this means administration. Lets go to White House Correspondent Phil Mattingly in washington, d. C. The president is pretty clear right about what occurred last night at what that means Going Forward for his agenda is a couple of things. I think youre going to hear some conciliatory remarks saying he wants to bring republicans to the table, he wants to find issues they can work on, but he also wants to have a delicate balance to her he will say he will keep moving forward on executive actions
Reporting that those conversations, finally ended last week after they decided against the teal. Activist did its own deal last year. Recently, it acquired forest labs in a 20 billion deal. As for pfizer, the u. S. Pharma company had a 1 billion takingover bid for its rival astrazeneca this year. The biggest Bank Offering since the financial crisis, citizens financials ipo pricing blow its expected range last night. Raised about 3 billion. Shares are expected to start trading today at the symbol tsc. China planning to launch its latest galaxy note. Apples iphone 6 hasnt officially arrived in china yet. Eunice yoon told us just yesterday, the black market for the device over there is hot, hot, hot. Activist. Interesting. Founded not that long ago. So that would accomplish the same thing for ian reed . Yes. Its another way to do it. Hes been outspoken on how its like a 1 billion difference. He says we arent doing plants, were not doing research. Were a lot of and that the difference betw
That stock soaring today after meeting expectations on earnings. This company now has a higher multiple, higher market capitalization than wall administrator. Probably higher multiple, too. Yeah. Im sure it does, as a matter of fact. But is it justified . Well talk about that coming up, as well. Heres the markets right now. Final hour of trade on this mid ferm tuesday and the dow slightly higher after spending the morning in the red. Higher by 22 points or so. The s p though is negative off by about 5 and the nasdaq off by about 14 and talking about whats off today, bill, may have something to do with the midterms and a question to explore. The price of oil as you mentioned. Fouryear low for wti which well get to here and the closing bell exchange. Mark spellman joining us here at the new york stock exchange. Amy wu is with us. John manly. Kenny pulcari and our own rick santelli. Why isnt the low on oil putting more downward pressure on the stock market hand it has . Im on the opposite
Welcome to pulse pulse live from bloombergs European Headquarters in london. Im manus cranny. Lets check in on equity marks in europe here. We are gaining for the fourth day in a row. We are extending equity highs. The i. M. F. Cut its Global Outlook by the most in three years. The World Economy will grow by 3 bonnie 5 in 2015 down from 3. 8 projected in october. London up 1 3 of 1 . 6606. Growth expectations. Have diminished everywhere except if ever the u. S. That will offset the boost from Lower Oil Prices. The weakness, many emerging market economies are revising their medium term prospects now. As the i. M. F. Downgrades its forecast chinas growth in 2014 beat estimates. G. D. P. Expanded 7. 4 in line with the governments growth target. It was, however, the slowest growth since 1990. Were joined by andrew davis in hong kong. I suppose if we want to sum this up, they avoided a hard landing. That was the market paranoia of 2014, wasnt it . Yeah. I suspect that they havent convinced