Moving news from all around the world. Joining us from riyadh is yousef gamal eldin. Ivan levinsohn joins us from tel aviv. Oliver cook sorrow oliver is in munich. Buts start with study ready with saudi arabia. Finance with the saudi minister and asked if the recent attack had an impact on saudis numbers. Heres what he had to say. It will be a couple of days before we are back online. Alix yousef joins me now. Tell me about what you learned, and what we can expect Going Forward. The idea being that a lot of the output is being recovered is one thing, but youve got the political developments, which are what investors are going to be zeroing in on in riyadh and far beyond saudis border. The Saudi Crown Prince has been speaking with the french president , the south korean president , and deliberations are underway between the u. S. Secretary of state and the saudi authorities, as well as the united arab emirates. That thereng here is has to be a response what happened with the saudi aramc
Xantac, which is well known in the United States, generic zantac, which is well known in the United States, because of potential carcinogens. It is produced by a division of novartis. As you can see, we are seeing a slight reaction in the european version of novartis. Here in the u. S. , the adrs are down that little bit more. Lets get to the other stocks that are moving. There are stocks lower in the s p 500, which has brought the s p down to below 3000. Around 1. 1 g steady lower. Irane getting news that definitely sponsored the attack. That is what the press conference is saying. The 10 year yield, 1. 75 . Fedex the worst performer right in the u. S. After what analysts are calling a dire forecast. Guy the saudi press conference is still ongoing in riyadh. The Defense Ministry announcing that this weekends attacks were unquestionably sponsored by around. Weekends attacks were unquestionably sponsored by iran. Pointing a finger vaguely in the direction of iran at the moment, but we a
Record sales for the most valuable company. And boeings billions, it is taking a 5 billion hit in the Second Quarter due to the worldwide grounding of what was its bestselling plane ever. And rate cut optimism. Stocks on track to open higher but on pace for worst week since may. Microsoft on track to open at a record high, market cap above a trillion dollars Quarterly Results beat expectations on cloud strength here is nadella on last nights Conference Call. Our commercial Cloud Business is the largest in the world, surpassing 38 billion in revenue for the year with growth margin expanding to 63 . Im proud of what we have accomplished over the last 12 months, and im energized by the tremendous opportunity ahead every day we work alongside our customers to help them build their own digital capability, creating new businesses with them, innovating with them and earning their trust. Cloud is a third of revenue and after at t they had quite the week. Yeah. I did something i never do i list
Liberal democrats may only have 12 mps, but the party is on the up. Second in the recent European Elections, and even hitting 20 in the opinion polls, that is vince cables legacy, as the man at the top. So, could the next leader be a real player in the weeks and months ahead. First of all, ed davey, why is it. With these opening questions. Ed davey, why is it too soon for the liberal democrats to have a female leader . It is not too soon, but the liberal Democrat Members want the best person for thejob. Liberal Democrat Members want the best person for the job. I am a campaigner for diversity and i best person for the job. I am a campaignerfor diversity and i have done that in my party and i want it to be 50 50. But on the doorsteps people have been asking about the vision individual candidates have got. I have a sharper vision, whether it is tackling brexit or the causes of brexit, and that experience is bringing people over to my cause. You did say the liberal democrats as a Parliame
Probably one of the biggest in terms of Enterprise Companies going public during this ipo vintage. We awere here last year for the uber ipo slack today. Well bring you lots of news about it its a different type of listing, its a direct listing well talk about all of the dynamics around that for now, back to you we talked about that direct listing earlier this week. The pros and cons to it again . There are some pros and cons. You can only do it if you have a lot of cash on the Balance Sheet. This is a company that does. If youre trying to raise money, it doesnt work this way theres no additional money that gets raised the way uber was raising money and wework will be raising money. Well see if it becomes a model. Spotify did it successfully. Slack is doing it. If there works, theres a question on whether airbnb, the next ipo on the docket in the future, theres a question if they go the same route it has a huge implication for wall street, wall street fees and the ipo structure. Andrew,