Markets are struggling for direction. Stocks in the u. S. Are looking at record highs in markets around the world are trying to figure out how to put that against the fact the chinese economy is slowing. Andpean stocks getting 0. 2 you can see the 10 year yield at 1. 74. A good day to talk policy. Coming up, we speak to the Incoming European Commission her team of commissioners faces a confirmation vote in parliament. Lets its rate to new york with first word news. A worldbeating brexit trade deal. Thats what british carmakers want the next government to deliver. The society of Motor Manufacturers and traders say the key requirements include a friction this border, tariff free trade, and regulatory alignment. They spent more than 5 Million Pounds preparing for the exit from the eu. Of Chinese Industrial enterprise falling for the Third Straight month as Producer Prices continue falling and domestic demand slows. Early indicators suggesting the economy slowed for a seventh straight mont
Bid 140 a share or over 5 billion scluting debt. The apollos offer was accepted. The later offer accepted by tech data as the better offer and buffett says he does not intend to make a higher offer a little bit about tech data, it is a global distributor of Technology Products and services it supplies Small Companies with Technology Software and hardware made by larger companies, larger technology companies, a middle man. This is evidence of what has been happening with Berkshire Hathaway as the cash ward has grown. Topped over 128 billion according to most recent s. E. C. Filings from the company this move is interesting pivot for buffett, he rarely goes up against private Equity Companies and doesnt like to get into bidding wars it shows how hes going further afield to try andlook to deplo his large stash of cash that he has on hand. Hes known as being a cheap guy. Somebody who looks at prices he doesnt like auctions. Doesnt like auctions, doesnt like to get into the fray what is int
Maria joining the conversation, Dagen Mcdowell, former republican president ial candidate steve forbes. Im so happy that youre back, dagen. Dagen i was watching or trying to, i missed you immensely and i will leave it at that. Maria we will talk more about it. Maria steve, thank you so much for joining us, big day again. Consumer is still king. Maria we are wait on retail numbers, top story, markets hitting record high, futures on the way to another record at the start of trading, s p futures up 8 and nasdaq futures up 34 with a number of retailers to report quarterly earnings, home depot, kohls, tjmaxx among them. Lets get to home depot, Ashley Webster are the numbers. Ashley lets get right to it, home depot on the earnings per share coming at 2. 53 a share, that is one penny better than the estimate but revenue just a hair short, estimate for 27. 53 billion coming to 27. 2 billion, lets not forget home depot lowered guidance in last Earnings Report and reaffirming that, same store sa
Disperse the crowds. Global news, 24 hours a day, on air and on tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. Im Mark Crumpton. This is bloomberg. Is 1 00 p. M. In new york. I am vonnie quinn. Welcome to bloomberg markets. Vonnie from bloomberg World Headquarters in new york, here are the top stories. Attacks disrupted five percent of the world oil production. We will talk to the opec secretary general on how the organization might respond. Wall street has been in pay slump since the financial crisis. We will tell you who has had the sharpest pay decline. Retail in an hour an era of delayed exit. We will talk to the cofounder birch box. First, kailey leinz is with us. We are halfway into the trading day. We are getting a little redder as we go through the day. Three major averages are near to the low of the sessions. The dow, the s p 500, and the nasdaq are off play for tense of vonnie this is bloomberg a percent or more. This is geop
Socalled macrow and listen to individual companies on a day the dow slid, s p lost. 79 and nasdaq shed 6. 8 because treasury yields cantonu to sink and the president terrified the market you dont know the term terrified . You better get used to it. Others were focused on tariffied, i was focus on home depot because when im trying to take the pulse, home depot gives me a better read from the bond market or any talking people on tv home depot has all sorts of insights you cant get from staring at the yield curve and right now the spot says the consumer all systems go. After list piening to the blockbuster earnings, idea were heading to a recession, according to home depot, things are getting stronger, not weaker but there are issues why should you trust home depot . Two words. Car carol, the longtime chief financial person who is retiring after 24 years at the company. It was her last conference call. Money. We spend a huge amount of time interviewing officials going and Hedge Fund Manag