The dow is looking for about a 300 point gain right there at the opening bell. S p up about 34. Look at that nasdaq go. Technology is doing well, up 104 points. Thats premarket for the nasdaq. Now, lockdown winners. Clearly emerging. Lowes, the Home Improvement people, headquartered in North Carolina. Profit up 28 . We stocked up for the lockdown. Target, they really organized their online delivery and store pickup operation, lumped together under digital sales, up a whopping 141 . Walmart, same story. Stockpiling helped them, too. Amazon, kings of the online selling business. Boy, did they clean up. The stock is near a record high. And the netflix, well, they are the kings of the streaming business. What else are we supposed to do when we are ordered to stay home for weeks on end . There are a lot more virus winners and we will go through them throughout the show. Meanwhile, the revolt continues all across the country. Businesses are defying the authorities and opening up despite the
Making the return of merchandise a more customer friendly experience. That is the goal of this organization and we speak to its ceo. Four potential competitors are demanding mark give uprg be forced to control of facebook. In a lawsuit, they get use facebook of anticompetitive behavior. They also want it to sell whatsapp. Facebook says the claims are without merit. Partner in we have a and a cocounsel in the case. Great to have you with us. I wanted you to talk about the lawsuit wanting Mark Zuckerberg to be forced to give up control of facebook. Is this possible and why . As of now, he has incontestable control over the company. His class of shares overpowers the class a shares. He has Carte Blanche to do what he wants with the company. Hehe board. If you look at the details of our lawsuit, the anticompetitive scheme was hashed and commanded straight from him and there is no reason to believe that if you facebook key assets, that you would ever fix the systemic problem. There is great
Street journal, first on china, greg, everyone seems to think that if you dont get a deal, if you can push back tariffs, for now that might be just as good as one, what do you think . Certainly we are past the days where every sickle things got worse, things look worse, the markets took it on the chin, we are now in a stage where things arent getting worse, thats okay, nice if we got better, nice of phase 1 deal but honestly just like staying where we are is satisfactory for the markets. I think, neil, the way to think about it on the trade front we reached a new equilibrium, higher uncertainty, more unilateral action but the markets having sort of got use today the new equilibrium and will take it hard if the equilibrium gets worse. Neil lets say we dont get a delay on tariffs, i imagine that would not be well received . People are putting 75 probability that we delay the the december 15th tariff increases that would be my expectation as well, i dont expect things to be terrible. Neil
After the democrats voted to make it more public. Pakistan has suffered its worst rail disaster in over a decade. At least 7a people died in a train fire. And well talk about facebook, which is enjoying a massive profits boost. We will find out what is going so right for facebook. If borisjohnson had delivered on his brexit commitment, the next two hours would have been the uks final ones in the eu. Instead, he had to ask for a delay and now, instead of leaving the eu, were into an Election Campaign. And its already picked up a head of steam. The Prime Minister visited a hospital to talk up his support of the National Health service. He also visited a school in london, saying Education Funding is another priority. And he visited a Police Station keen to talk about hiring thousands of Police Officers though remember the conservatives cut thousands of them in the last ten years. And here is the Prime Minister making his opening pitch. All the candidates are laying out their opening pitch
One fire is threatening the Ronald Reagan president ial library. Unprecedented extreme red flag warnings have been issued for much of the state. More on our website bbc. Co. Uk news and the news app. Now on bbc news, live to singapore for Asia Business report. Markets for Asia Business report. Cheer as the fed cuts agi wall markets cheer as the fed cuts again. Wall street closes higher after the Us Central Bank lowers rates for the third time this year. The sun shines on silicon valley. Us Technology Giants apple and facebook give investors plenty of reasons to celebrate. Welcome to Asia Business report live from singapore. Lets start with the World Economy because the Us Central Bank has cut Interest Rates again, hoping to shield america from the impact of trade wars as well as the global slowdown. The Federal Reserve lowered the target for its benchmark rate by 0. 25 . This is the third cut injust four months. Rate by 0. 25 . This is the third cut in just four months. Wall street wel