The aramco ipo will be a local event. The Worlds Largest oil company has decided it will not market shares to american, canadian, european, or japanese investors. Instead, they plan to rely on ultrarich saudis, most of which have impressed to buy shares. Regulationsosening to allow locals to buy more stock. 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. 1 00 in new york,alysts in oves 6 00 in london, 2 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 from around the world we are following. U. S. Stocks in a range as investors weigh on trade update. President trump and secretary mnuchin meet with jay powell to talk about the u. S. Economy. Our conversation with u. K. Leader jeremy corbyn. How he plans to nationalize key industries, should he win the general election. And in o
Hour. Manus warm welcome to daybreak europe. The recommendation for shareholders. Quite a discussion. The board proposes no diffidence for the past fiscal year, so they are promoting the current offer, saying no diffidence for the current year. Ebitda. It is all about oil where i am on the ground. The ceo last night talking to me about volatility in the oil markets. He would not give me a price. 15 is the range. Sub 60. Pec, the call from morgan stanley. We have got the indian oil ministry. One of the biggest buyers of crude from this region. It is the air, it is not good. Nejra when you talk about oil, the line to be drawn for the trade war is clear. He might talk about sub 50 oil. Let me get the deutsche numbers here. They are saying the guidance for 2019 and 2020 is confirmed. The ebit guidance is reaffirmed. The context, the last earnings, the forecast with 5 billion in ebit for 2020. Then what we heard was basically the target. Post what, when deutsche said that in october, a slow
Nejra welcome to daybreak europe. Lets get this to the softbank numbers. Secondquarter operating loss for softbank comes in at ¥704. 37 billion. A ¥497. 7also seeing billion onetime loss in nonconsolidated earnings. His recognition of the loss on the valuation of shares as well. The loss on the fair value of we work comes in at ¥497. 7 billion. Onetime loss on the fair value of we work. Thats the details as we look at softbank. Have a look at the tliv blog to get more details. Of ¥537. 9ized loss billion in the second quarter. Thats the number they are putting on it. Thats the headline coming through. Fundecond quarter vision loss comes in at ¥970. 27 billion. A little bit of a painful number here coming through, the secondquarter loss is wider than estimates. That secondquarter operating loss was 700 437 billion yen. It still sees a fullyear dividend of ¥44. That is in line with estimates. Comes indquarter loss at ¥700. 17 billion. Again, a lot bigger than expected. The tliv bl
In seven months after a meeting with u. K. Print minister Boris Johnson. What i would hope is that what happens today would be sufficient to allow negotiations to resume in brussels. Nejra and changes at the top. Saps longstanding ceo announces hes stepping down as rental looks to rental replace thes to ceo. Matt good morning from berlin, nejra. We have had a lot of fed news out, a lot of trade news out, a theory a news out. Basically, washington is the place to be. Nejra i found the comments really interesting in terms of what he might see as a rate cutting cycle. Well get into that. It is the trade news dominating markets. Investors taking the positive side, the fact President Trump says hes present for talks with chinese vice permit or. If vice permit or. Vice premier. Matt we will have to talk exit brexit again today and tomorrow, as well. We do see asian stocks falling, u. S. Stocks up on positive trade news. We just heard donald trump say the attorneys have been very nice and the
Now. Maria big show today, Dagen Mcdowell and emily and James Freeman. Great to see you. Good to see you. Dagen surrounded by all the super smart women. Yes. Just like at home. Maria director or something new . In other words, social media obviously one of the big stories, i have to get your reaction on what you heard. Make zuck is going to be on his own, we will let this democracy play it out and people debate online and people say the messages they want to say, its good news that despite the lose of some partners and political heat hes pressing ahead on his crypto currency plan. We could use that, maybe good for consumers. Maria a lot of pushback because of what he learned in other businesses, facebook ceo testified before lawmakers answering a variety questions on china, crypto currency and libra and watters kicked things off, watch this. Given the companys size and reach it should be clear why we have serious concerns about your plans to establish a Global Digital currency that wou