One, but it is a wakeup call for the Prime Minister. The tally is the worst performance in two decades. He may adopt a more populist agenda. Global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. This is bloomberg. Lets take a look at the markets. Australia has closed out tuesdays session in sydney, up by 7 10 of 1 , the nikkei flat cured the hang seng looking good after the lunch break and India Holding onto gains. This is bloomberg. Emily im emily chang and this is bloomberg technology. Coming up, bitcoin hits another gear on a bigger stage. Why sundays cme debut could play a defining role in the cryptocurrencies march to the mainstream. Plus, the blackout at americas Busiest Airport. How tech can help keep the power running when the lights go out. And stepping up security. With just a week to go for lastminute shoppers, an ebays executives tips on shopping online. First, to our lead. The worlds Biggest Exchange just joined the bitc
There you have it again, green arrows pretty much everywhere. The whole world is happy. Except for short sellers. And were watching crude prices this morning. Yesterday iraqs oil minister said the country should be exempt from joining opecs Production Cut embroiled in a war with islamic militants. Opec is planning to reduce production targets at the november meeting. Wti is lower by 5 cents but still at 50. 80. And scottrade is being acquired for 4 billion from ameritrade. Some competitor of scottrade said, why deal with us . We have a helicopter. No one really understood what was the because its successful. It trades more quickly to where they need to go by helicopter. It happens over the internet. So its confidence . A little bit of confidence. Interest rates are zero. Im confident, ill borrow money, too. A little confidence. People think the economy is a little better than we think. I dont think thats it. Well talk to the ceos at 7 00. For the media mega merger monday. I would argue
Jonathan we are looking forward to that conversation. Futures are largely stable. They are down about three points. It looks like we are going to have a stable start to the day. Euro, 11322. You can see the story at the bottom of the screen. Wt is wti is up two percentage points. The yield on the 10 year is upon basis points. 2007. The narrowest since david lets go around the world for indepth coverage. Both kennedy will tell us whats going on behind the surge in oil prices. Were going to start with merger monday. Pfizer is back at it again. Julie hyman is here with the details. Julie this is a much smaller deals and allegan. This is a 5. 2 billion deal. They are the target. Whats attractive about anna core, it does have revenue to treat fungal infections in the toenails. It is developing a drug that looks like its expected to be a high sell it to treat eczema. It has had some positive steps in terms of approval and in terms of studies over the past year or so. 9925. Ice per share is t
And germany markets there closed for a public holiday. Oil prices are rising this morning. A longterm bear at Goldman Sachs now says the market has ended two years of oversupply and flipped into a deficit. The firm says this allows or follows disruption supplies from nigeria, venezuela, the United States and you can see wti is up by about 2 points. We were at 30 now its back to 50 and youre doing the super spike. The super spike came out a while ago. Remember the London Office . The supply has been shrinking. Is it ready to go up to 60 or 70 . Because they already missed the move from 27 back to 50. Yeah. But remember the super spike, that came out of gold mans London Office at the time. Yeah, i guess. But goldman they have many analysts. Other analysts will say its going down and some say up. Just another brand. Have you noticed three straight weeks since that person was here to say we are at an important level. What happens in the next weeks decides. Right. We are at factory data in
Company reported another huge financial loss. Which state would you consider the most innovative in the country . The answer might surprise you but here is a hint, it is not california. Docnine this team is , how muchasty could it hurt the network . Blackberrysedit blackberrys red ink is getting worse. It posted a 4. 4 billion loss in the third quarter. Pointe fell 56 to one 6 billion but shares are trading higher after announcing a fiveyear partnership with foxconn which is best known for making apple gadgets. Fox, make life very smart phones in a move that could cut production costs for blackberry. Says the deal will allow blackberry to better serve fastgrowing markets. Cory johnson has more from new york. Does this mean blackberry will be around for another five years . That is not clear. The issues at blackberry you cannot believe how dramatically bad every quarter is for this company. They just surprise in amazing ways with big losses or declines in their business. Years,k at the