A little try Android Device coming up next is politics done more in the big picture. On this weeks show do you ever wonder what the world is going on its not you and dont blink history is happening right now at a dizzying pace as events unfold how does the rest of the world see the u. S. Is leadership. Holland cook in washington this is the big picture on our dear america. The ancient chinese curse offered may you live in Interesting Times and in a british newspaper in 1936 member of Parliament Sir Austin Chamberlain reckoned there is no doubt that the curse has fallen upon us. That was then this is now when motley crew of democrats challenge an improbable president whose unpredictable manner keeps other World Leaders guessing as the worlds economy is changing in fundamental ways and new hot spots around the world are flaring up weekly to help us sort it all out here in washington Global Business Development Expert and strong marc founder and president hillary ford which and her fellow
Vice chairman and theyll share what to do with your money amid this massive selloff. Lets have a look at whats driving the action the major averages falling into correction territory as the global brought yaoutbreak grows Goldman Sachs is warning that u. S. Companies may generate no Earnings Growth in 2020 based on the elevated uncertainty from the virus and oil prices are plunging on the fears with crude dipping below 46 per barrel at the moment the s p is down 2. 9 , dow almost 800 points. Joining us today is cnbc contributor stephanie link and senior markets commentator mike santoli. Ste steph, youre always looking for the bright side, the growth and optimistic picture we were talking earlier, both of us were talking earlier that this feels like december 24th, 2018, when we got the big swish down and it was really hard to buy then its really hard to buy now. But i can understand where we were selling off we were coming off of a much higher level now than we were in 2018, but it does
The nasdaq up marginal ly. Volume higher than a 20 day average which tends to happen on days where the market tends to move up slightly or state p stand pat, you see lower than average volume. It is when you have drawdowns that activity tends to be more active than usual. Romaine and keep in mind with the s p in the red, part of that was pulled down by fedex. I think we are waiting on micron earnings as well, which i believe is just crossing the wire. Quarter micron first . 48 versus the estimate of . 47. The bottom line indicating a beat. In terms of how the share prices moving, do we have an after hours trading . Romaine down about 1 . Scarlet we dont have a lot of numbers here to work with. First quarter net is 491 m illion, according to the release, and adjusted revenue of 5. 14 billion, topping the estimate of 5 million. Cash flow 2. 01 billion. Stock not moving very much at this point. Joe also bear in mind we see adjusted Gross Margins beating 27. 3 versus 20. 8 . Another one of
Of hedging backup. People going out and buying protection. The cable rate going nowhere. Youre seeing flattening in the market for treasuries. 1. 82 is how we trade. Time now for the global exchange. We bring you todays market moving news from around the world. From riyadh to zurich, london and washington, our bloomberg voices are on the ground with todays top stories. In riyadh, history is being made. Saudi aramco jumping 10 in its debut, giving a value of almost 2 trillion. Bloomberg spoke exclusively to the ceo of the Saudi Stock Exchange. If the full offering size is offered in the markets based on ,he 1. 7 trillion valuation that is a on. 5 . However, thi changes every day. We are watching the price change over the next four days. But our anticipation of 8 to 9 would be the weight of aramco. Alix yousef gamal eldin joins us now from riyadh. Give us the latest on the ipo. Yousef its been a remarkable few hours. Trillion, to 1. 88 within firing range of the 2 trillion mark, which ha
Hello a little tropical depression that made landfall 2 days ago and vietnam pretty huge amount of rain some like 5600 millimeters has now gone offshore its hard to see it was in that massive cloud there and its Still Producing vast amounts of rain for this part of vietnam and just on the very edge of your screen is what is now developing into a typhoon running up 3 q. Chain of japan toward south korea so thats where all the rain is falling which takes a lot of it away from China Hong Kong will still be in the rain mix i think in iran through for jennas well and to some degree union at least the southern part of sichuan the yangtze valley looks largely dry the moment the monsoon is retreating but he is doing it in sort of jerky stages and its more or less rebounding for it goes back again but you see with the main thrust is in the last 2 days from mumbai towards the congress the bangor you got typically one to 300 millimeters of rain 40 now thats a good bit of rain out of the monsoon t