Nikkei up. European equities right now as well a bit of a mixed picture ftse up slightly the tenyear note is trading at 2. 053. Now to the big story of the morning. Details on the hack capital one disclosing a massive data breach that affects 100 million u. S. Customers and 6 million in canada. The company says 140,000 social numbers and 80,000 Bank Accounts and 1 million Canadian Social insurance numbers were compromised. It says the largest category of data that was exposed was from credit card applications including names, addresses, phone numbers, dates of birth and self reported income the hacker also accessed customer status status such as payment history, Credit Scores and credit limits. The breach occurred in late march. The hacker accessed information through a vulnerability of the servers in an unnamed cloud company. The fbi arrested a suspect, Paige Thompson shes a former engineer at Amazon Web Services. Authorities allege thompson posted some data on gethub and a private ch
Beyond meat down big lets get more on beyonds quarter. Beyond meat shares taking a dive as you mentioned after the Company Announced a secondary Share Offering shares slip more than 11 after the company made that announcement a secondary offering of 3. 25 million shares which increases its float. That could boost short seller interest in the stock which prior to earnings was a 16 of the float. Keep in mind that number itself was a bit inflated because the company is still in its lockup period the company mentioned on the call it cant comment on the secondary offering due to regulatory requirements. Beyonds worst to date was on june 11th when it lost more than 25 . The stock is still up a little less than 700 since its i. P. O many analysts were focussed on the companys top line growth. Beyond attributes its top line beat to a number of factors, including new partners and increased demand from existing partners we are using our advantage to drive, continued expansion in retail and Food
Obviously, a nice gain here as we rebound from yesterdays selloff the dow is up 265. Best day here since about the middle of june for the s p all sectors higher for july, boosted by names like twitter and micron on the past month the feds rate cut and earnings at qualcomm, though, top of mind for investors as we go into the first trading day of august. Still, our next guest says, remain overweight in tech until the next bear market jim paulison joins us along with our own mike santoli good morning, guys good to see you. Good morning, carl. Jim, youve been pretty constructive here. Obviously, youre not thrown by numbers like what ism gave us today. I actually think the data has by and large here been pretty good for the united states, carl you know, personal consumption, real personal consumption growth in the First Six Months of this year was up over 4 annualized pace its just bizarre to be talking about a weak economy with one of the strongest sixmonth consumption periods of the entir
Opec and allies extend curbs on oil production. Eu leaders make a striking selection to lead the ecb. Its breathtaking. It has the benefit of surprise. Viviana july is here. The fomc has signaled rate cuts may be coming. Clevelands fed president shares exclusive insights on the policy outlook. I think the fed funds rate is about at neutral right now. Viviana plus, expert perspective on what is ahead for the global economy. I think the market is getting a little bit greedy in terms of rate cuts. If these escalate, there will be a global recession. Viviana it is all straight ahead on bloomberg best. Hello and welcome. This is bloomberg best, your weekly review of the most important Business News, analysis, and interviews from Bloomberg Television around the world. Lets start with a daybyday look at the top headlines. The week began on a note of optimism after president s trump and xi met at the g20 summit and agreed to restart trade talks. Francine the u. S. And china have agreed to a tr
Viviana july is here. The fomc has signaled rate cuts may be coming. Clevelands fed president shares exclusive insights on the policy outlook. I think the fed funds rate is about at neutral right now. Viviana plus, expert perspective on what is ahead for the global economy. I think the market is getting a little bit greedy in terms of rate cuts. If these escalate, there will be a global recession. Viviana it is all straight ahead on bloomberg best. Hello and welcome. This is bloomberg best, your weekly review of the most important Business News, analysis, and interviews from Bloomberg Television around the world. Lets start with a daybyday look at the top headlines. The week began on a note of optimism after president s trump and xi met at the g20 summit and agreed to restart trade talks. Francine the u. S. And china have agreed to a trade truce and say they will revive stalled negotiations. This after talks on the sidelines of the g20 summit in japan. President trump says he will also