Security in afghanistan remains precarious and the taliban is still a threat. Is next. West cory im cory johnson, and this is bloomberg west. Arens of tech and media back in sun valley. We will see which deals could result. Plus, another blow for apple. The Technology Giant suffering another lost in its biggest overseas market. We will find out what happened in china and who is taking a bite out of apple sales. And a deep dive in tech investing in china. Two allstar chinese tech Investors Join us for an indepth conversation. First to our lead. Forget winter, mergers are coming, or so said barry diller, who believes the consolidation is coming and also fears it will cause creativity to suffer. The executives among many attending the conference in sun. Alley, idaho you have been killing it. I have been to this conference a couple of times. It is sort of amazing, the giant heads of business and media tech business who gather there. Watched as folks came in yesterday and it is a broad swat
Take a look at the splash, there is positioning that is starting to take place in anticipation of what could be, maybe a fed Interest Rate increase. Hedging their bets tachlt a look at this one. The two year note yield for u. S. Treasuries, already over the korts of the past week, moving higher. It was near 80 basis points about a week ago. Now its up towards 90. Again, look in the grand scheme of the year to date period, eliminatively on a low basis here. One place where that battle, that hedging is starting to take place. That positioning. Also look at this. The dollar a big part of that story as well. Gold also playing into that. Again, 1275 a week ago her ounce. Now were around 1250. A 2 loss over the course of the past year. Gold has been a hot trade. Its still up. Up marketedly. So but some of the bets being paired back in anticipation of what could be a fed Interest Rate increase. Then one more place well look, one manufacture places well look, again, regional banks. Weve seen t
Crude prices ended the day by 1. 50. Wti is up against another 16 cents to 47. 48. Brent is down by three cents to 48. 95. Earnings just out now from home depot. The dow component posted a profit of 1. 44 a share was eight cents above expectations. Revenue also beat analysts forecasts. The company also raised its fouryear guidance to 6. 27 a share. Were going to dig through the report im digging. With an analyst at this point. The stock is looking really strong today. That should help the dow to some extent. Since it is in the dow. And i believe that is an alltime high. Alltime high for home depot. And youre talk about a market cap of closing in on 200 billion. And you know, we have still a young guy, energetic dude. Started in his lifetime i dont think he was in his 20s when he started either. To create how many thousands of jobs. Create 200 billion worth of shareholder value. Its just an amazing value. And craig meniere the chairman and ceo. Pleased with a strong expected growth. Bro
There. The cac in france down by close to 1 . In italy the ftse was down by 2. 19 . The dax is off by just ov over. 60 . Also, well check out crude oil prices today. Crude oil after a big rebound you can see is down by 1. 25 . Wti for july, that is a new contract, is now trading at 47. 81. Okay. We have a big top story to talk about this morning. A potential deal, jer m bayer o a deal valued at 62 billion to buy monsanto. Lets talk to bayers ceo about th this, werner baumann, your decision came about how . Monsanto received a private offer from us. It was out in the open and we want to explain to the public and to shareholders what the content of the offer is and why it is so attractive to shareholders. Should we be taking your public stance as one where there are private negotiations are taking place, or should we take you going public to educate the public on what is going on and to put pressure on monsanto . Well, we are early days at this point in time. And we have submitted our of
Kayla tausche is live back at post nine with jon fortt, and also joining us is a contributor from vanity fair nick billiton. And we are looking at that meeting at the 2 white house with our own john harwood. We are waiting for Bernie Sanders to arrive at the white house any second, and play out the ritual any time that a party has a decisive Party Campaign which is to bring the Party Together which is crucial to win thet president ial elections in the polarized system, and begin the pivot to the general election, and Hillary Clinton has of course won the democratic no, maam nas, and beat Bernie Sanders sound ly in california, and has a lead in the pledge delegate, and the popular votes and superdelegates as well, but it is a difficult process for somebody like Bernie Sanders who has enjoyed the cheers of the crowd for months now to back out of the race now, and turn it over to the rival. Hillary clinton managed to do it eight years ago successfully with president obama, and he has been