Are close to sealing a merger agreement, telling employees a final pact is coming within weeks. And shares in the lse group trade higher as shareholders prepare to vote on the 27 billion takeover well, a very good morning and welcome to street signs. One of our top stories today, alibaba has closed almost 7 higher after its hong kong debut, the Largest Global listing so far this year the ecommerce giant listed at a price of 176 hong kong dollars to raise 11. 2 billion in fresh capital. And as part of the ipo, the Chinese Company issued 500 million new ordinary shares. Emily tan is joining us live from hong kong emily, the largest ipo of 2019, quite a stellar postmarket performance with the stock up almost 7 in trading how has the reception been overall . Reporter you know what, juwana, the newcomer to the market today was the most heavily traded in hong kong with 1. 8 billion worth of shares changing hands as you mentioned, the stock closed up more than 6. 5 , off the days highs, but u
Points that key level broached 3100 for first time ever. The nasdaq is higher today all three of the major indices are on track for more record closier close closers. President trump said trade deals with china could happen. Eamon is there and has the details. Reporter thats right. The big question going into the speech today was would the president say anything specific about china give us any dates or locations any indication of where this signing ceremony might take place. The answer is no he didnt give us any specials. Here is what he did say. Were the ones that are deciding whether or not we want to make a deal were close. A significant trade one deal with china it would happy it could happen soon we will only accept a deal if its good for the yiet for our workers and great companies. A little vague there on the specifics. The president also really lashing out at some of his critics including democrats on capitol hill and the Federal Reserve. The president saying he wants to see n
Of expedia said there were strategic differences with the current leadership and the ceo and the fo are now gone cfo oregon. Down 3. 1 percent, the worst performer in s p 500. Higher,opean stocks are the pound trading north of 131 against the u. S. Dollar. We have a stronger rate against brent crudel, moving higher, up by nearly 4 in todays session. Opec is just around the corner. We will talk about that later on in the program. Lets talk more about the trade story, affecting markets over the last 24 hours. Economist is a senior , we have been jostled by the trade story. Todays story is maybe we are inching closer. The president talking about the idea that it can wait until after the u. S. Election. If we dont get a deal by the 15th of december, if we dont get additional tariffs what does that do to the Economic Data . I think the Economic Data improves beginning next year into spring if we can contain the current trade tensions. If we get a phase one deal before or after christmas tha
By the Options Market is betting on the bounce for one home depot. We start with the big countdown. And no. Which one is that. Hold on its not the countdown until friday its not the countdown until christmas. I hear i hear sleighing bells. They mixed ut santa with the record we are 18 days away from the next round of tariffs kicking in we heard today from two retailers today with two different takes on the looming levies dollar tree tanking after cutting guidance due to what else, tariffs, among other things best buy, though, it soared. Raised the outlook saying the impact of the tariffs has been factored in and dealt with so really with all due respect to dickens it was the best of times. It was the worst of times. Its a tale, guy adami of two retailers. I see what you did there. What story are you buying. Would you rather almost. First of all, i find it welcome. Welcome to breyen welcome to brayen. He is playing hurt tonight if you listen to his voice. Its grim its grim. But youre he
Despite recent highprofile stumbles. We head to the auction house for the most expensive sweater of all time, the vintage green cardigan of the late musician kurt cobain. Lets get into some of these burning issues. With me are jason kelly, annie massa, and our other guest. Black rock increasingly catering to this shift toward private markets. How is blackrock positioning itself . Even the black rock is an indexing giant, they have moved toward investment. One cornerstone of that has been their attempt to raise this longterm private capital fund which they are targeting 12 billion in fundraising for. Lisa how successful have they been . As of april, only 2. 75 billion committed. They have a long way to go before they reach that goal, but they announce their First Investment over the fall. Lisa Erik Schatzker recently sat down with the black rock head of equities. Take a listen. I think we may see Companies Stay private for longer as a result of the availability of that capital, as a res