We are down 0. 3 on the s p. Back down to 1. 90 on the 10 year. We got up past 1. 95 a little earlier. Disney one of the Better Stories today after earnings, up 4 . Gap up on the ceo leaving gap down on the ceo leaving more than 7 . Guy the president has just been indicating that he hasnt agreed to tariff rollbacks with china. This was always the risk with this rally. Absolutely it was built on a single man risk. If the president didnt agree, you were going to get this kind of reaction. The market is down by 0. 4 . In some ways, this reaction is relatively muted considering this is a key demand from china, that we do see some degree of tariff rollback. The fact that we are only down 0. 3 on what is a relatively big piece of news i think is worth paying attention to. The market may be signaling it Still Believes that a deal can get done, but we have rolled over this news. The president saying he hasnt agreed to tariff rollbacks with china. In terms of the way we are seeing that rippling
Vimeo to become a publicly traded company. We will hear about the content strategy and a new hiring feature. First, our top story. More worries for wework. Pressure is mounting to oust ceo adam newman ceo adam neumann after the delayed ipo. The board was supposed to meet today but they are likely going to meet later this week. Huet covers startups and she joins me. Why the shakeup . Ellen insane week in the last week or two. Pressure first to delay the ipo and now it seems like there are reports to consider replacing the ceo, adam neumann. A lot of back and forth within the board. Maybe delay the ipo october and later. We seem to be watching as it unfolds. Possible Board Meeting this week , not expected today but likely very soon. Taylor who wants adam neumann out . Ellen that is most likely softbank. They hold two board seats. It seems like they also have support from benchmark. One board seat has been an early investor. Some viewers they remember was also instrumental in the ousting
Protesters in hong kong one help from President Trump. Thousands of them marched peacefully to the u. S. Consulate today to appeal for the president s assistance. New figures are showing the demonstrations impact on the economy. A number of visitors to hong kong plunged almost 40 last month. Global news 24 hours a day, onair, and tictoc on twitter, powered by more than 2700 journalists and analysts in over 120 countries. Im Mark Crumpton. This is bloomberg. It is 1 00 p. M. In new york, 6 00 in london, and 1 00 a. M. In hong kong. Im vonnie quinn. Welcome to bloomberg markets. From bloomberg World Headquarters in new york, here are the top stories on the bloomberg and around the world we are following. Speaker of the house john bercow stands down by october 31. He has been an important figure in steering the process. We have a roundup of the latest news. New management, same strategy. The new Saudi Oil Minister promises no change to oil policy as the kingdom makes a step toward its ipo
Translator ive already clarified with minister salvini during our meetings that this crisis he triggered will be the most transparent crisis in the history of the public. Wpp shares jump as new business helps the advertiser post betterthanexpected sales in the Second Quarter. And a mixed session in asia as chinese food rises, and the yuan is set at an 11year low after a choppy week of trade good morning its a busy friday morning theres a lot to get to. I want to bring you some flashes from the monthly iea oil report. Just to look at some of the main headlines, iea cited Global Oil Demand growth estimates has been shaved by 100,000 Barrels Per Day to 1. 1 million Barrels Per Day. The Global Oil Demand has risen from january to may by 520,000 Barrels Per Day, however they also say this is the lowest increase in years. The lowest rise for that period since 2008, actually, if you want more detail they pointed specifically to Iran Oil Exports they say they dropped. No surprise there. In jul
Lower. President trump continues his attack on the central bank saying a small cut is not enough airlines li s slide as lufta delivers a sharp drop in Second Quarter net profit and warns the market will be challenging for the rest of the year. And bayer warns its 2019 targets are becoming ambitious due to a challenging environment for its Crop Sciences business as it is linked to thousands of lawsuits here you have behind me a lot of earnings going on today in europe. Lets run you through some of the highlights on this super tuesday. Were in the thick of earnings season a number of blue chips have been directing markets, bp right there is trading near the top of the stoxx 600 after posting a beat on the bottom line. Up 3. 2 this morning in germany bayer described its fullyear targets as increasingly ambitious in the face of challenging conditions and legal action bayer stock is down 3 lufthansa has posted a sharp drop in Second Quarter net profit amid tough competition in the European