Unit into a separate Public Company. More on that in just a bit ibm up and all the markets up with 59 minutes left in the session. All the big stories of the day coming up. Morgan stanleys Ceo James Gorman on the back of his companys 7 billion deal today to buy Investment Firm eaton vance. Carnival giving a Business Update as the crews and travel industries continues to deal with uncertainties amid the pandemic ceo Arnold Darnell will be our guest next hour. The ceo of Amc Entertainment will join us to discuss the rollback of more blockbuster movie releases why he is staying open when some of his competitors are deciding to close lets look at the stories we are watching in the final hour of trade. Joining us to talk about regenerons push for emergency authorization for its covid19 treatment is alettia young bob, start us off on the market. There may be no stimulus, but the market is actsing like there is going to be one they have levitated themselves into believing something is going t
Public. Deciding that the scrutiny directed toward him had become too much of a distraction. The resiliency of facebook, despite the backlash over big tech. I get that. Im not the ideal messenger for this right now. We have work to do to build trust. What does the future hold as we head into 2020 . A special edition of Halftime Report in San Francisco, begins right now. And we welcome you to 1 market we have a great lineup today were going to be joined exclusively in a little while by snowflake chairman and ceo Frank Slootman as he prepares to take the Company Public in the year ahead. Frederick kerrest, the cofounder of okta, that stock up more than 90 this year were joined by Brad Gerstner who helped us take stock of whats happening in the valley throughout the year. Deirdre bosa is with us, covered the ipo and Venture Capital markets closely as anybody its great to have both of you here so brad, interesting year to say the least. Uber, lyft, they go public wework blows up. What do y
To report. Also trade representatives set to kick off a new round of china talks in shanghai. Earnings less than an hour away, well preview the key things to watch from that report with the stock up 800 on this 25 ipo price. Steve grasso from stewart frank, and a lot of moving parts, what do you do . It feels as if everyones on hold for the fed thats the most important thing thats happening right now earnings this surprised to the upside everyone usually, even last quarter, even was ready for a a into the earnings cycle. Steve is here with us for the full hour, and well be dissecting the market moves. Lets focus on the big stories the pharma deal, more fallout for boeing, and eamon javers. Viagra, lipitor, xanax and the epipen, pfizer is going to spin off or divest its up patent business and combine with mylan, and the new company will do about 20 billion in annual sales. It will get a new name and be domicile in the United States, a fact that could be attributed to u. S. Tax reform an
Exports after withdrawing from the landmark 2015 nuclear deal between iran and several world powers. Overall deaths in the United States likely fell last year for the first time in three decades. New preliminary statistics from the centers for Disease Control been Overdose Deaths have falling each year since 1990, topping 70,000 in 2017. Still, the overdose death rate higher than it was a generation ago. Global news, 24 hours a day, on air and at tictoc on twitter, powered by more than 2700 journalists and analysts in over 120 countries. Im mark crumpton, this is bloomberg. Shery live from bloomberg World Headquarters in new york, im shery ahn. Amber and live from toronto, im amber kammer, in for amanda lang. Shery here are the stories we are following from around the world. Low rates claim another bank victim. Mrs. , following its pr squeeze by a flat yield curve. Now netflix set to report earnings after the bell. How about company will grapple with losing some of its most popular sho
Focus is talk of a zuckerberg cage fight heats up. Plugging a 48 billion dollar blackhole, Artificial Intelligence could fuel a rebound at softbank is the japanese conglomerates vision fund seeks to snap five quarters of losses. We go live to lisbon as a key leader response to portugals probe into a European Telecom giant. First, lets get a quick check on the markets, the nasdaq 100 is basically flat, up 0. 4 . The tesla news sees the tesla declines accelerating and dragging down. The yield on u. S. 10 year treasury is below 4. 2 . That has been the story, the selloff in bonds and the push higher in yields and its impact to the equity market. Apple is down for a fifth consecutive day. We had earnings last thursday and now we are worried about the labor market and later we will bring you details of this. Valentines down and thats a stock thats getting more than 130 since its last earnings were word. The streak expects one cent of earningspershare. The name we are watching so closely, th