Amazon partners with an old text stalwart. That is blackberry. How they plan to revolutionize tech. Those stories in a moment. The u. S. Stocks posting another record high amid news of new stimulus talks. They are progressing with a plan to pass by the weekend. Abigail doolittle has more on that. Also, i know you have been following the latest Earnings Results out of snowflake. Shares down after hours a bit. This is a big test for them after their blockbuster debut. Abigail it is. Lots of big movers relative to earnings after hours come snowflake being one of them. With snowflake, what you are referencing is that huge ipo, biggest ipo of the year back in september. This is their First Quarter as a publicly traded company, so they are finding out what it is about to these shares are absolutely plunging in the after hours, down 19 . This is an Application Software company, up just 37 year to date. They have struggled a little bit, and in this quarter they posted a wider loss than expecte
We are watching the hang seng index. Australias market is only higher by 0. 3 . But we had this news that china will allow australias cargo to come ashore. Lets have a look at stocks. Clearing exchanges in focus. The u. S. Approved legislation that could lead to chinese firms getting kicked off american exchanges. Also getting a call from sidney. Tak is down 1. 4 . ,his big surging iron or holding at a record. In recent weeks, weve seen pickup of state owned enterprise default in china that have jolted the credit markets and rattled investors. One company in the spotlight is ever grand, which has accumulated the biggest debt in global real estate. We are joined by Stephen Engle in hong kong. In ournt to bring distinguished guest, the ceo and cofounder of sc lowy in hong kong. A bank and manager that specializes in distressed and highyield debt. Good to see you. You spoke to bloomberg about a month ago and you did talk about ever grand. We know that they have taken steps to increase or
Weve had confirmation of a monster deal. Ryanair, europes largest carrier, committing to the 737. Maxs. Oing to buy 75 737 this comes on the heels of that grounded,being un after the huge grounding following those two crashes. We will be talking to the two ceos of these companies at the top of the next hour. Alix this is your super bowl. I just want to point that out. Some data dropping right now as well. Ism men effect ring data for november ism manufacturing data for november. Mike mckee has that. Michael it is slightly less than we expected. It comes in lower than the prior month. The services pmi comes in at 55. 9 from 56. 6. Not much of a change. Still growing strongly, which is important because this is a Services Economy. New orders were down a touch, as is the business facility. 51. 5 from 50. 1. In the Manufacturing Survey earlier this week, we saw employment fall into contraction soritory for manufacturing, Rising Services employment is still good news for the auto for the ov
The bill awaits signoff from the president. Akron turns up the heat. France threatens to veto a brexit deal if it does not like the terms, piling pressure on the e. U. Not to make further concessions. Welcome to the program, everybody. 7 00 in london. 8 00 in paris. Lets look at the futures. We are fairly flat on futures. The young stock x50 futures flat. Yesterday, we saw some decent gains for the ftse, up by more than 1 and that was a standout compared to the rest of europe which was more mixed. It was mixed in the u. S. Session as well. We did actually see a bit of a late rally in u. S. Equity trading, up to some of those new highs we were talking about in headlines. All of that in the context of the hopes and dreams around u. S. Stimulus. The concern about what can legitimately be done in the shortterm and a lot of hope around vaccines. Perhaps oncent day some parts of the equities space and a late rally in the u. S. Yesterday and we are now pausing. We are pausing somewhat here. W
This is bloomberg surveillance. Im Francine Lacqua in london. A lot of fears in officer while fleeing during an arrest late friday. The police chief resigned hours after the killing and the officer was fired. Three dozen people were arrested after people set fire to the restaurant where the shooting took place. Global news, 24 hours a day on air and on quicktake by bloomberg, powered by more than 2,700 journalists and analysts in more than 120 countries. Im dani burger. This is bloomberg. Francine . Francine thank you so much. Chinas new virus wave, beijing has over the weekend. Chinese Authorities Say risks it will spread are high. Cuomo york, governor warned against triggering the second wave of the virus. He said he would be invoked reimpose shutdowns. Is the us for the latest head of Bloomberg Intelligence here in europe and longtime pharmaceutical analyst. Always good to speak to you. When you look at the possibility of a second wave, cases in the u. S. , cases in beijing, as is l