Shatter at key support level question mark Second Quarter revenues are not as strong as the ceo would have liked. Matt miller will interview the man himself later this morning. What is going on at ficc . That is the rest are from the markets. 30 minutes into the trading day, this is how we are looking on the futures, little bit lower. There is a veritable feast of delivery from the corporate world. The question is how have we run an done on the european equities, the euro is rising. Asked is erica did not the one of its big trials astrazeneca did not meet one of its big trials. Bit a beat. Stocks are a little bit lower. How do you look at the fed, was it bullish for exit for equities, was it bears for bonds . You have south korea higher but we want to focus in on that currency, on the currency moved currency moves that you see. Also a little bit slower but this is where you want to focus on which is the dollar. The dollar is down by an eighth of 1 . It is the nuance in the language. Th
And as bond yields drop, are safe havens turning into Risky Business . They are starting to buy things may have not bought. Angie it is all ahead on bloomberg best. Angie hello, welcome. I am angie lau. This is bloomberg best, the weekly review of the most important Business News and interviews from Bloomberg Television around the world. Angie looking at top headlines, the merger uniting two of the largest companies. A big new deal in china today, the Ridesharing Company didi has agreed to buy ubers chinese subsidiary. Tell us about how this will work. Based on the announcement, our understanding is that didi will form a new entity valued at 35 billion and both will become minority shareholders, and also the founders will become they will sit on each others boards. This is a combination of a battle that has been lasting for more than a year. This outcome is something that is a winwin for both companies. Didi is worth more today because of the deal and also uber shares are worth more be
Is not quite there yet when it comes to backing ryan who has been critical of trump. President obama is commuting sentences of 214 federal prisoners, including 67 serving life. It is the most in more than a century. Almost all were serving time for nonviolent drug offenses. Most will be released december 1. Michael phelps, the most decorated athlete in olympic history will carry the american , flag for the opening ceremonies in rio. Michael phelps is heading into his fifth olympics with 18 goals and 22 medals overall. Global news 24 hours a day, powered by over 2600 journalists and analysts in more than 120 countries. I am Mark Crumpton and this is bloomberg. Bloomberg west is next. Emily emily i am emily chang, and this is bloomberg west. Coming up, a major miss for tech club, but investors do not care. Shall we call it the elon musk effect . We will take you through all of the numbers. Shares of square surge. What is propelling this mobile payment company. And we asked two toptier vp
Retail stocks hit hard today. You can see it trading down 19 there. A number of top executives telling us consumers are still spending. So whats behind these moves . Were going to take a deeper dive into whether the consumer is weak right now. A disconnect in all of that. Big earnings from tesla. 21st century fox. And square reporting after the bell tonight. We will tell what you to expect from those reports coming up. And more reports about turmoil between the Republican Party and nominee donald trump. We have outspoken libertarian Penn Jillette. Among other things. Look forward to penn coming up. There he is. He calls himself a professional juggler. But he is so much more than that. We will talk with him later. We start with the bullish call on gold. Precious medal falling today. But up 30 this year. Bill gross was on power lunch earlier today and he made his bullish case for the commodity. I like gold, too. I think ultimately if fiscal stimulus comes in and weve seen that in japan,
The top story on wusa 9 at 11 comes for our Prince Georges County bureau, and ellison barber has more. Reporter investigators said here a 3yearold was forced to mop up one of his own urine, and thats one of the reasons they decided to discontinue the federal funding for the Head Start Program here in the county. We spoke to a member of the board of education who says he didnt know about any of it until he saw it on the news. Another board member says that could not be further from the truth. April 14th, thats the date that needs to stick out. April14th. If i read it, i would hope my colleagues read it, too. Reporter board member Kay Alexander wallace learned about the federal review that is rocking the Community Months ago. Going into june, two more incidents happened. Reporter edward bureau says he didnt know about it until he saw it this week on the news. In the statement all Board Members learned about the investigation and the accusations at a meeting on april 15th and they had acc