Current magical . And, the genetic code of ethics. In our medical technology series, we sit down with the coinventor of crisper to discuss Gene Editing Technologies and the future of fighting disease. But first our top story. Wework has picked nasdaq as the venue for its listing. The startup is making changes to its Corporate Governance to address investor concerns. No member of the cofounders family will sit on the board. At one point wework was valued at 47 billion. Now it is expected to be worth 15 billion. We were joined by the ceo. In new york, jillian has been covering the story for us. Let me start with you. How shocked where you that they are doing this ipo . If you read bloomberg, you shouldnt be shocked. Im losing track of days. This week is crazy, but we broke this week that the company was weighing Corporate Governance changes because tepid demand from investors had caused investors to rethink how they could improve things. Not shocked this morning. The changes were maybe m
And a tense weekend of protests in hong kong. There are new warnings about the economy. Lets get you started with a quick check of the markets. We ended the friday session in the u. S. We some pressure with u. S. Stocks sinking as the u. S. China trade tensions increased. There was such a wild roller as though you on ended the week down half a percent. It is worth noting it was down almost more than 1 at one point, after President Trump says the talks with china could get canceled for next week. Still, it pared back the earlier declines after we heard from a white house official that suggestions that the u. S. Might not do business with huawei anymore, they walked back the comments. Semiconductors were some of the biggest losers in fridays session. The nasdaq down 1 . U. S. Futures at the moment gaining 0. 1 . All eyes now on asia on this monday as we have markets out of action on holiday. Thats right. If you take a look at stocks in asia, they are set to kick off on a cautious note wi
And hang seng modestly higher here. This is after we did see liquidity injections keeping that targeted rate at 315. The chinese 10 year bond has been interesting. Yvonne david 313, lowest level since march. You are looking at sterling here as well. He thinks that it has gotten a little wide here at over 100. Sterling is under pressure. It is under more pressure if you measure that against the euro. A record streak of weekly declines. Continuing ratcheting up of tensions with iran. I guess it is about whether Boris Johnson is going to be the successor of theresa may. Certainly a lot of pound traders are focusing on the currency and focusing on shanghai as well. A little more green on the screen here. Really different from what we saw yesterday. For stocks currently in the green. Sawing close to what we yesterday. David it was a bit crazy. Giving your declines, this is 20 out of your 25. If you look at how they have done year to date, there we go, still up 360 in some cases. The program
To ensure the country leaves the eu by the deadline. It is another huge week for european earnings. Oil results coming out as well as automakers and banks. Ryanair, heineken kicked things off today. Good morning, lets start off with the earnings rolling across the terminal at this hour. Ryanair coming out with First Quarter profit after tax that was down 21 to 243 million euros. First quarter revenue actually up 11 . 2. 3 one billion euros. The fullyear guidance remains unchanged. Boeing doesnt see the 737 max related cost savings before the fiscal year of 2021. You can see that we are getting some 737 max headlines. It says it is receiving planes just in time for summer of 2020, about 30 of them. Planes by the summer of 2020, but those savings wont be realized until the next year. A big drop in ryanair profit. On the top line, the revenue up again 11 . The important thing probably is that the outlook has been held. We will speak with the cfo of ryanair in just a few minutes. We are al
After the Islamic Republic seizes a tanker in the strait of hormuz. Healthy growth phillips beats Sales Estimates for the Second Quarter as the ceo gives bloomberg his take on the trade war. These trade wars that are , as ave in the world strong believer in what globalization has brought to the world, i hope that we can see coming closer to each other. That will be good for the world economy. We had some outflows. If i had that back, we are actually within the target range. If i look at margins and revenues compared to the second half last year, they have substantially recovered. A very more welcome to the European Market open, everybody. European markets opening what . 28 minutes time . There or thereabouts. Futures suggesting we will be a little bit weaker at the start of the trading day. European markets expected to be a little bit weaker, apart from the 3100. I should point out, seen as a bit of an outlier, and that could very much the case in oil markets. Futures dewpoint slightly