Oracle shares rising on news the company could be the winning bidder for tiktok but it will not involve an outright sale. Bytedancehinese owner Sarah Ponczek has been following the ups and downs. Tech has been leading the comeback. Also, this latebreaking news ikola, and the sec investigating the company over shortsellers. Sarah the last i had checked, down about 8 or so after the market closed. Examining nikola based on this claim that came from the platform hindenburg. 30 , 35 ors fall so from last week. It has been quite the ride for nikola. Still up more than 200 this year but certainly getting hit pretty hard after these original allegations took hold. Now, getting even more focused with the sec taking them on. Emily this on the back of gm taking a huge equity stake in nikola. Lets talk about tech more broadly. News, continuing development. Oracle is in the leading position but a potential deal still under review. Oracle shares did rise. Walmart could still be a part of this. Sara
Yearoveryear. This, despite a huge boycott by many advertisers. Apple delivering a surprise revenue boost, growing 11 amid expectations of a possible decline. The company delaying its return to work, now setting early 2021 as a target date for the u. S. Campus. I just got off the phone with apple ceo tim cook. He highlighted a record quarter, Record Services revenue, and focused on the iphone result, which he says was better than expected after a fairly depressed first few weeks of april. Thanks bounced back he says the pandemic is likely helping sales for the iphone for the ipad and mac, but hurting iphone and wearables. I spoke to alphabet ceo who talked about the fragile macroeconomic environment. We will get to her comments in a moment. Lets start with apple. What you see . Were looking at the post market over the last few days and it has been a little bit rocky. Some of that was psychological overhang. Something very impressive on apple, they put up 2. 58 a share. That is exactly
A slew of corporate earnings role in over the next few weeks. Ibm withdrawing its forecast. Have netflix for you tomorrow. Tech this morning buoying the markets. Is taylor riggs in new york, who has been following all of the back and forth. A wild day. Nasdaq up and down. Taylor firmly in the red on the closing bell. Nasdaq at one point in the green, then turning red solidly, off about 1 . What is going on in the oil markets. To goinute, i will try through some of the technicalities. It is the may contract up for expiration tomorrow. If you are a holder of the contract, tomorrow, you have to take delivery tomorrow. Thehad a massive selloff in may contract, at one point settling down at 37 per barrel as traders tried to unsettle may and roll that forward into the june and july contracts. A much better indicator of where oil is trading at the moment. A much better indicator but barrel. Ess 37 per it will be all about june and july going forward. Go tone contract could about demandl destr
Major retailers announce furloughs for thousands of employees. What you need to know if it happens to you. Plus, a startling prediction about americas workforce. And shelters in place. How the outbreak is actuaually saving the lives of pets in need of a home. We like that. But first, heres todays eye opener, your world in 90 seconds. By very vigorously following these guidelines, we can save more than 1 million american lives. Think of that. 1 million american lives. In new york, Governor Cuomo pleading for Health Care Workers from other states to join the fight. Weve lost over 1,000 new yorkers. To me, were beyond staggering already. Weve reached staggering. The Naval Hospital ship comfort arriving in new york city to relieve the pressure on hospitals overwhelmed by the coronavirus crisis. Its a wartime atmosphere. We all have to pull together. We all have to be as one in wartime. Four people are dead on a cruise ship. And now the governor is saying do not dump the rest of the passeng
sport and for a full round up, from the bbc sport centre, here s chetan. we start with what is a defining week for manchester city. they could be english premier league champions at the weekend but before that, they have the chance to reach the champions league final on wednesday. real madrid come to manchester with the tie all sqaure at 1 all from the first leg. it s the only major trophy manager pep guardiola s yet to win at city: my legacy is already exceptional already. we have been here many times already, we are not stupid to know how important it is to our games, edit one of the most important maybe one of the most important games, we cannot deny that. manchester city and real madrid will know their opponents in the final before they kick off because the first semi final second leg is later on tuesday between the two milan sides. trailing inter 2 0 from the first game ac milan are boosted by the return of rafael leao who is back in traning and expected to start in