Alix peak accretion greater than 20 . Those are pretty staggering numbers. David they are paying a premium of 45 . Alix we are going to keep following this and what it means for other health care in a day other health care m a. In the markets, sb futures pause until the g20 s p futures pause until the g20. The dollar hit a threemonth low yesterday. 2 . Ds did dip below now we are back about that. Crude a little softer. It feels like a teeny bit of a risk off on the margins, but nothing extreme. David a lot to digest. Go to the morning brief. At 8 30 eastern, we get u. S. Newhome sales data for may. Throughout the day, we hear from a range of said speakers, starting with jay powell, williams, bostic, and parkland. Bullards thenpresident will be on Bloomberg Radio and a conversation with kathleen hays. The best treasury will be selling 4 billion in twoyear notes. At the bell, we will get fedex earnings. Lets turn to bloomberg first take. We are joined by mark cudmore and romaine bostick.
Trade. You had that comment from president frump saying that trade talks between the u. S. And china had already started but also lines from the Trump Administration suggesting that theyre looking at additional tariffs on european good, so a little bit more concern than there was yesterday on the trade front, maybe being reflecked in south korea, for example , were all looking at some of the different indexes in terms of the regions. He filipino possesso is down you saw a bit of a pickup in the 10year u. S. Treasuries and maybe some weakness in those u. S. Futures. The s p 500 hit a record yesterday. The termal chart is announcement versus fenses cyclicals. As this terminal shows, there is still a premium in terms to have defenses over sickly calls and that has endured even after the fast ball crisis, highlight build the red bar, 20082009 so maybe putting some question marks over the desire to get into cyclicals given the premium that defensive still have. That is something investors c
Wages are creeping up, but households still unwilling to spend. Yet more signs that the missing puzzle piece when it comes to the japanese recovery. Remainingics story elusive with this threshold out this morning. Laboroyment, the tight market staying at the lowest in around two decades. Also looking at things like retail sales and consumption lacking. Take a look at this chart. Consumers. Is this the case that so many years of deflationary mindset is shake . Ry difficult to the stubbornness of a reluctance to spend there is. Low unemployment employment. You can see when it comes to spending, living expenditure, it is not going up at all. We are going to delve a little bit more. There is no change to the picture that japans economic recovery lacks that strong driver despite expending for a fifth consecutive quarter. The longest run of gdp expansion in about a decade. Lets take a look at other markets. It is a funny start to the trading week. Large parts of Global Markets closed. The u.
Headlines. Ibm will stop reselling technology. Theyre trying to steer customers to ibm products. That is according to an internal memo. This is a big blow to net apps. The founder and ceo is worth 1. 6 billion after his company went public. It sells all sorts of products directly to consumers. It is the biggest Chinese Internet Company in the u. S. For now. It is a massive deal expected later this year. Google ranks as the Number One Company for pay and benefits in a new glassdoor survey. Tech companies dominated. Intuit at number six. The survey found that the average base salary is 128,000. That is slightly lower than apple. To our lead story. Hewlettpackard is facing a critical time in its history. Sales fell 1 in the second quarter. This was the 11th straight quarter that sales have declined. The company did post a higher profit. Stock is gaining today. There were new cost cuts. The total number of cuts is nearly 50,000. For meg whitman, cutting costs is one thing was stop boosting
Ibm is reselling technology. Theyre trying to steer customers to ibm products. That is according to an internal memo. This is a big blow to net apps. The founder and ceo is worth one point 6 billion after his company went public. All sorts of products directly to consumers. It is the biggest Chinese Internet Company in the u. S. For now. It is a massive deal expected later this year. The Number One Company for pay and benefit in a new Glassdoor Survey will stop Tech Companies dominated. Intuit at number six. The survey found that the average base salary is 128,000. That is slightly lower than apple. Stopr lead story will hewlettpackard is facing a critical time in its history will stop sales fell 1 in the Second Quarter will stop this was the 11th straight quarter that sales have declined. The company did post a higher profit. Stock is gaining today. There were new cost cuts. The total number of cuts is nearly 50,000. For meg whitman, cutting costs is one thing was stop boosting sales