He wants to keep pushing for pension reform, controversial in france. Brexit negotiators appear to be homing in on a broad agreement despite talks this week ending a day earlier than planned. Officials told us the two teams are beginning to near a socalled landing zone that could form the basis of a deal. The two sides will regroup in london next week. Majorowledge meter sticking points to remain. A Turkish Court has opened a trial to two aides of mohammed Selman Mohammed bin salman. Other saudi nationals are being tried. Prosecutors are seeking life in prison for the defendants, who have all left turkey. Areas across the u. S. Are tightening rules as virus cases continue to accelerate. Texas is making face masks compulsory. It is reversal of governor greg abbotts long opposing the move. Warns that theci virus may be mutating, making it easier for pathogens to spread. Global news 24 hours a day, on air and at bloomberg quicktake, powered by more than 2700 journalists and analysts in mo
Markets. Buying in the long and in the u. S. We had a seven year auction yesterday. A lot of supply was coming online. One area you are still seeing selling is btps in italy. Oil up by about 1. 50. As we get lots of earnings sees their yum restaurants around the world largely open for business, so that is interesting. Worldwide comp sales down by 7 , better than estimated. The estimates were for down. 4 . 8. 4 . E for down no visibility really for all of these companies trying to figure out where they go from here. Into all of todays market moving news. We are about 1 3 through earnings right now. Onhabet surging in premarket betterthanexpected results. D both taking a hit. Annmarie hordern has more. Annmarie i want to look alphabet, up in premarket trading. On top of that, it is boosting shares in the nasdaq futures market. Sales came in better than last year. On top of that, they beat the street. They did suffer from cuts in marketing to do the pandemic, but the executives had a lot
Optimism is. We used to joke a lot about a month ago about the rally we saw in virgin galactic. Today those shares up 23 . Names that maybe did not have a lot going on around them but maybe they hope and a prayer. Carvana,at was up 80 or so in the past week and a half. There was some Industry Data overnight that seemed to suggest that, at least for carvana, that might not be the case. Are notes trends that as bad as feared. Chief equity advancement officer. Eddie, what is your general outlook here once you get beyond equities at start to connect it with some of the other asset classes. A large Floating Rate Bank loan business, so we are in close contact with our counterparts in both the bank loan and highyield areas. The interesting to look at treasury market and see if very depressed area of interest rate. The bond market telling you there could be things to concerned about. When you get into individual stockpicking, individual industry selection. I think for the rally to continue in
Exciting growth again. The question is when and in the meantime were going to shore up that Balance Sheet and make sure weve got that cash to make sure we can pounce on the end of it one of the things were thinking about is, who do you want to be when you come out of this. All of us are thinking about that so, you know, weve got still a strong recruiting team in place, a team who is interviewing people every day so that on the other end of this, all the superstars who are out there can come work at shake shack we dont know when that day is, but we know its coming. And when it is, we want to be there, ready to allocate that capital that we have to get back to growth as soon as we can. Randy, thank you so much for joining us thanks, everybody. Keep us posted. Ceo of shake shack. Sara, that was a good interview. Well see you on closing bell this afternoon good morning, im carl quintanilla. Welcome to squawk alley joined by Morgan Brennan and jon fortt. Dow is well off the lows of minus 32
Room to run. As a result, youve also seen pressure on treasury yields. Take a look at see what is happening with the treasury market some pressure on treasury prices the 10year sitting almost at 1. 891 yields, we watch them kind of skyrocket last friday after that jobs report was stronger than expected they came back down after they made it sound like the fed will not be moving anytime soon with this additional news making this happen. Going with every trade nuance up or down goes down, if it looks like the yields go down, if it looks like there is not a deal. We recover globally from the trade war. The two things of the fed and the economy. If the fed is on hold, the rates dont go up. If the economy are off to the races again. It is a thankless job people at home they see the screen from far away they zoom in, and take it for granted. They think we are just changing the appiture there is a guy. Hes running. He went running by, which startled me for a second, it was worth it, kyle you