Morning. And the nasdaq is down by 182 points a lot of this is whats happening in europe right now. You dont just look at the oversees market but were going to take our queues from what is happening there. You can see the ftse down by 3. 4 and the other markets are down by more and a lot of this is coming in the last few hours. They could be considering a second lock down as covid cases there have soared theyre back to the levels in may. Theyre concerned about whats happening with the number of cases and the hospitalizations admissions doubling every 8 days theyre now looking at 6,000 cases a day and again theres been some talk of a potential second lock down there now they want to make sure that schools can stay open and that some businesses could stay open but just the threat of that, the potential for the second wave coming is enough to push all of the stocks in europe into the red. If you take a look at whats been happening with travel and leisure stocks they were down by 6 earlier
He was accompanied by the Vice President and first lady. Global news, 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. Im alisa parenti. This is bloomberg. Bloomberg technology is next. Emily im emily chang. This is Bloomberg Technology. Oracles cloud Growth Continues to soar. We will break down the numbers from the strongerthanexpected earnings scorecard. Plus, missed opportunity at equifax. The credit monitoring giant was fully aware of the Software Flaw exploited by hackers. Lawmakers are demanding answers. Apple could be on the verge of its biggest deal ever. We will break down its possible investment into toshibas chip unit. First to our lede. Oracle reported firstquarter earnings showing a surgeon cloud growth. Total a surge in cloud growth. Shares in extended trading are up just under 2 . No, half a percent, about. The Company Issued guidance of 9. 5 billion for the second quarter. Oracle is in the midst of shifting its business to t
President trump blamed the appointment of special Counsel Robert Mueller on the attorney general Jeff Sessions decision to recuse himself from the russia investigation. That, according to the New York Times. They say trump blasted sessions in the oval and said he should resign. Sessions did hand in his resignation, but trump didnt accept. Trump denied asking sessions to resign. Trump toured damage caused by Hurricane Irma in florida. He was accompanied by the Vice President mike pence first lady, melania trump. Global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. Im alisa parenti. This is bloomberg. Bloomberg technology is next. Emily im emily chang. This is bloomberg technology. Oracles cloud Growth Continues to soar. Sending firstquarter revenue through the roof. We will break down the numbers from the strongerthanexpected earnings scorecard. Plus, missed opportunity at equifax. The credit monitoring giant was fully aware of the S
20,000 is in our grasp and the nasdaq, which has been red hot lately, has been led by the biotechs . While the market ultimately finished higher, dow giening 99 points, s p claiming 0. 28 , the averages, the averages got clobbered midday after the president elect held a press conference where he called for more price Competition Among the Drug Companies. Thats the exact group that had been powering the markets most recent leg up. It was a stark reminder that even though trumps probusiness, that doesnt mean hes pro every business. In some cases, he can be a oneman wrecking crew for entire sectors. Later, the market did regain its footing with techs leading the way. But after today, we have to remember that this rally is based more on his big picture agenda, the tripod of lower corporate taxes, repatriation of foreign assets and deregulation. In the interim, though, there are these knot knotty issues that trump doesnt take any prisoners when hes made up his mind just as hes been able to
Hillary clinton drowning in email. And another one, Hillary Clinton no longer a sure thing in california. She has big trouble. Next case, money. Nice stock rally so far this week. It will continue, just a little bit of the, well, now down a point, but pretty flat. However, listen to this, the economy is expanding at anemic. 8 rate. It will take a brilliant spine macester that that. And a super bug resists all antibiotics. Cell phones, a ten use link to cancer. Varney company, theyre waiting on tsa lions editilion ts. A lines edition. Were about to begin. Baby you can drive my car yes. [laughter] yes thats so good. Baby, you can drive by car. Dont fly, drive that car. Very good choice, producers. The memorial day or the weekend starts now. Whats waiting for you in the security lines . Remember, theyre telling you to get to the airport three hours before your flight. Jeff flock, wellpositioned at Midway Airport in chicago. Are you do you have any lines to show . Oh, you do not. Oh, so le