Are close to sealing a merger agreement, telling employees a final pact is coming within weeks. And shares in the lse group trade higher as shareholders prepare to vote on the 27 billion takeover well, a very good morning and welcome to street signs. One of our top stories today, alibaba has closed almost 7 higher after its hong kong debut, the Largest Global listing so far this year the ecommerce giant listed at a price of 176 hong kong dollars to raise 11. 2 billion in fresh capital. And as part of the ipo, the Chinese Company issued 500 million new ordinary shares. Emily tan is joining us live from hong kong emily, the largest ipo of 2019, quite a stellar postmarket performance with the stock up almost 7 in trading how has the reception been overall . Reporter you know what, juwana, the newcomer to the market today was the most heavily traded in hong kong with 1. 8 billion worth of shares changing hands as you mentioned, the stock closed up more than 6. 5 , off the days highs, but u
Thats still the case. Reaction to the north korean overflight also the euro is on fire. They dont want that. Tenyear yield. Look at that 2. 10. Jamie dimon must be thinking how am i going to make that how am i going to get my Net Interest Margin . Home prices is just out. Report for june shows prices up 5. 8 compared to a year earlier. Up 5. 8 that was a bit more than had been anticipated lets get to our road map this morning. It starts with that north korean provocation. A new missile test that flew right over the main japanese islands. President trump says, quote, all options are on the table plus, best buy is moving lower although, the numbers cautionary on the call, saying this is not the new normal. Were going to get into it, of course, here, and explain what exactly is going on of course, well be following the continued catastrophic flooding paralyzing Southeast Texas. Tropical storm harvey now one of the most destructive storms in the nations history and the rain, as youll see w
Faber. Lots of news, m and a, Congress Returns to work, daca decision and Hurricane Irma, cat 5 storm. Rollback begins with Global Markets on the move as tensions with north korea remain high as the most powerful nuclear test was performed yet. U. N. Security Council Holding emergency talks. 30 billion when you throw in debt, one of the Biggest Aerospace deals ever Gregory Hayes will join us in an exclusive interview 30 minutes from now. Congress back in session. Deferred action for child arrivals is back in the spotlight. A big week ahead for the agenda as congress is back in session. The president is expected to end protections for young immigrants who were brought into the country illegally as children. This is the deferred action for Childhood Arrivals Program or daca markets looking to open in the red as investors get their first chance to react to the latest north korea threats. Harvey recovery, budget debt ceiling. Well see where tax reform falls in all of this after a weekend w
Makers roche falls on the failure of a skin cancer drug while novartis rallies astrazeneca gets a boost. And leaks ahead of apples Product Launch reveal the tech titan could be ready to unveil a phone that costs 1,000. Good morning, everyone its monday. How are you . Did you have a good weekend . I did i was put to work in the garden by my mom. You were physically active . Very, very physical very active. In a way if we take a look at markets today, theyre seemingly very calm. Its because we didnt have the latest missile test coming out of north korea that was factored into the markets because we saw that founding day in north korea over the week end are you surprised it didnt happen or do you think its precisely because everyone was expecting it that they didnt do it i think its going to ebb and flow its going to be very, very episodic i think september is going to be one of volatility led by the geo politics and nobody really knows the end game on this one so i think its just going t
That exclusive cnbc investigation coming up as power lunch starts right now welcome, everybody i am Brian Sullivan. It may not look like stocks are doing much the dow is up 43 points. Modest gains but dont let the numbers fool you. As michelle said, those are all new intraday highs for the major indexes and hopefully for your money as well. This despite the north korean threat oils recovery helping some of the battered energy stocks, which is helping the overall market some big individual stock stories that you should be following, equifax battered again following a downgrade. That stock now down 35 since the data breach was announced a week ago and oracle down 7 , thats on concerns about its current quarter. Ty brian, thank you very much. Welcome, everybody im tyler mathisen, and heres what else is happening at this hour macys ramping up for the holidays, hiring 80,000 seasonal workers. But that is down from last year. Google reportedly considering investing a billion dollars in lyft