Johnson with a look at your bloomberg headlines. Mogg suingder of beats. Apple is in advanced talks to reported 4. 3a billion that could be announced next week. Apple supplier foxconn says halting production of the vietnam fact rant on monday for safety precautions swepta wave of protest the country. Rights broke out at various factories over an oil rig. Rebranding it as terminal Samsung Galaxy s5. They will deck up the terminal from end and with Digital Screens showing the new phone. The promotion starts on monday. Back to the lead story of the day. A rocking time in the Public Market but valuation of many hot startups are soaring and show no signs of cooling off. Uber in talks to raise a more funding nearly tripling its valuation from just last year according to people with knowledge of the situation. In the meantime, pinterest has just raised another 200 million giving it a valuation of 500 billion up in just the last seven months. Are these Companies Really worth this much money .
First, editoratlarge cory johnson with a look at your bloomberg headlines. The founder of mogg suing beats. Apple is in advanced talks to buy beats for a reported 3. 2 billion that could be announced next week. Apple supplier foxconn says halting production of the vietnam fact rant on monday for safety precautions after a wave of protest swept the country. Rights broke out at various factories over an oil rig. Samsung is rebranding it as terminal Samsung Galaxy s5. They will deck up the terminal from end and with Digital Screens showing the new phone. The promotion starts on monday. Back to the lead story of the day. A rocking time in the Public Market but valuation of many hot startups are soaring and show no signs of cooling off. Uber in talks to raise a more funding nearly tripling its valuation from just last year according to people with knowledge of the situation. In the meantime, pinterest has just raised another 200 million giving it a valuation of 500 billion up in just the la
And i think this is just the beginning. Why . Because in a slow growth world where it is tremendously difficult to raise prices, Many Companies have no choice but to buy other businesses. In order to please their shareholders. These mergers and acquisitions are a huge spurt to the market and the chief reason the dow vaccined 66 points, s p 500 gained. 54 . Nasdaq climbed. Once consolidation breaks out, it tends to spret like wildfire. It is raging through like a bone dry gull which on a scorching hot day. Thats how you can get not one but two for hill shire brands. A sleepy spin off from sarah lee. Which earlier this month itself made a bid for a sleepy pinnacle foods. I was stunned by the 45 bid from pilgrims pride for the hunter turn hunted hillshire brands the beginning of the week. Now i am floored by the 50 bid from tyson foods. It is obviously not over. Hillshire wouldnt have gone out at 52. 76 off the 50 bid, up to 74 in a totally heated session. In retrospect i shouldnt have be
The United States accounts for an outsized portion of that. A quarter of those cases, 25 , though the United States makes up less than 5 of the worlds population. The u. S. Is also leading the globe in the number of coronavirus deaths. With all of that in mind this morning, the concern for americas children amid the pandemic has never been so urgent or real. A new analysis from the American Academy of pediatrics says theres been a 90 jump in covid cases in children in the last four weeks. In florida, the situation is even worse. The state seeing a 137 increase of covid in children in the past month. With kids in many states already heading back to school, dr. Anthony fauci is once again pleading for everyone to mask up. Also calling out the photo of a crowded hallway at a georgia high school. There should be universal wearing of masks. There should be the extent possible social distancing, avoiding crowds, outdoors is better than indoors, and continually have the capability of washing
Shawn. The issue of travel advisory in california as that becomes the second state to hit more than 1 million confirmed infections. More than a thousand nurses are threatening to go on strike. Icu beds gone in some states, and governors who for nine months resisted declaring a mask mandate, well, now they are saying wear a mask. Charles watson live in atlanta with the very latest. Charles . Reporter hey, eric. With the u. S. Averaging about 140,000 daily new cases in the last week alone, states are increasingly pushing lockdowns. The governors of california, oregon and washington issued joint travel advisories on friday in an effort to get a handle on surging cases in those three states. What that means is that if you travel to any of those states, youll be asked to selfquarantine for 14 days. Theyre also asking resident to avoided all nonessential travel out of state and limit interactions to only people who live in their homes. The causes are no longer flat, the cases are rising, and