we talk about special commerce and sustainable retail with the posh mark co-founder. what shoppers and entrepreneurs want is in our special theories retail transform. top story.r goldman sachs making a stand against all white male boards. goldman will refuse ipos unless the company s board has at least one person who is not white, male, or straight. goldman is the biggest underwriter of ipos in the u.s. joining us is add the aftermath abby and jeff. this seems like this could be real change. goldman has significant influence. they were the top u.s. underwriter last year, one of the top three in the last decade. it is more than a pr stunt. even if there is never an ipo they refuse to do, they will probably make everyone who wants goldman to underwrite it to have a diverse board. that s more likely to happen. the tail will wag the dog into doing what it has to have done instead of refusing business. it is kind of p.r., but an ultimatum that they will enforce it before the p
i am francine lacqua. we will try to figure out politics, geopolitics, and all of the participants are waiting to see what president trump will say. that starts in 30 minutes. i wonder if he will talk tariffs and europe. this is where your markets are. a lot of focus because of the thely virus in china, european stocks a little on the downside. let s get the first word news. we begin with the global economy, it will grow but slower than expected according to the international monetary fund. 0.1% of itsdown projection in october. it is optimistic and says risks are less skewed to the downside. president trump and president macron may have reached a truce on digital. the readout from washington was more muted. preventement may escalation into another trade war. hashina a sars virus entered a new state of severity. the world health organization confirms person-to-person transmission. four people have died. 17 years ago the sars outbreak killed 800 people. mitch mcconnell is pl
Moves and mixed trading for the major averages. We do have alltime highs for the three major averages. This follows similar action anticipation of the shortterm funding plan being passed by congress to keep the government open until february 8. Some asking what could possibly stop this bull market but lets ask what is the tailwind . Lets hop into the bloomberg to see one potential answer. This is a look at the earnings picture for the all world equity index. For several years, it was flatlining. That led into the correction that we saw in early 2016, thats turning to climb in 2017 and take a look at the spike early in 2018. Lots of analysts boosting the profit Outlook Companies based on that tax reform, especially here in the u. S. This could be a tailwind for the record highs that we have seen for the markets, more recently as valuation becomes more reasonable. Lets take a look at two winners laggers. Acquers netflix up nearly 10 . They also boosted the guidance nicely. The company no
First, to our lead. A shakeup for the Leadership Team at twitter. The ceo has resigned from the company to take the ceo position at a fintech startup. He has played a leading role at the company. He has his work cut out for him. He will fill a Leadership Void that has existed since the cofounder resigned as ceo last year, amid accusations of Sexual Harassment. We got all the details from Bloomberg News tech reporter selina wang. That delivers a blow to twitter, especially just at the very early beginnings of their turnaround strategy. Several analysts upgraded their company. They are finally showing revenue and user growth. Noto did put in place much of the structure they needed to continue this turnaround. Including the livestreaming, the contact strategy and paring back some of the other businesses to focus on user engagement. Some sources have said that this could provide a Good Opportunity for jackson. He and noto havent always agreed on product division. This could be a way for hi
For the first time in two years. Could a trade war with trump derail all of this . Live in davos, im erik schatzker. Warns, brace for the trump slump. He tells bloomberg the president elect will fail and so will markets. The billionaire investor didnt hold back. Him as andescribed and aer and con man wouldbe dictator. Bullish on the United States. Toyotas chairman said the automaker has full confidence in the u. S. Market. And the view from inside the ecb. We speak to the governor of the bank of france at 11 45 london time. Matt thanks very much for that. Looking forward to all the coverage out of davos. Weve got a lot coming up with tom keene as well. Definitely stay tuned. Just a half hour until the european open. Lets look at where futures are trading. We were down across the board yesterday. The ftse down the most of the european indexes, half a percent. Looks like the ftse is the only one trading up in futures today with the exception of the ftse mib in italy. It doesnt look like