Announces he has canceled his Airline Investments and thats not all. Warren buffett revealed this weekend, which was nothing like you are seeing on the screen, it was a virtual Berkshire Hathaway Shareholder Meeting with just buffett and one other person on the stage. Our expert buffett panel is here to read between the lines of what buffett really said. Wall street, as we look at this, it has happened. A National Store chain has succumbed to the coronavirus. J. Crew filed for bankruptcy protection, leading us to ask whos next. Major Industry Groups are now banding together by asking congress to prevent another one from going bankrupt. One of the biggest retail lobbyists is here on why the trump tariffs must be suspended if retail is to survive. And as restaurants, oh, boy, we know how tough its been for them, across the country take baby steps to reopen, weve got one of the bestknown star chefs of the world here. Celebrity chef Rocco Despirito on how to put out the massive corona fire
Theres plenty more on our website thats bbc. Co. Uk news and on the bbc news app. Now its live to singapore for Asia Business report. Gubera disappointing. Shares are down after the latest earnings fell short of expectations. The us commerce secretary visits indonesia with a delegation of senior us business executives. Hello, and welcome to Asia Business report. Im sharanjit leyl. Welcome to Asia Business report. Im shara njit leyl. We welcome to Asia Business report. Im sharanjit leyl. We begin with uber because the rolled hailing doesnt ride hailing firm missed its expectations for monthly active users. While Street Investors are pleased with the numbers with shares following 5 in extended trading. This mirror has seen has more from new york. Does make filing. I think the biggest headline now is over 1 billion in losses for the quarter. That is a huge amount of money that the company has lost in the last three months. And if you look at the same time last year, we saw that that numbe
There could be a muted start. Turkey battles the kurds in syria, washington ready to hit turkey with sanctions if it oversteps the line. Shery we are seeing u. S. Futures higher at the moment after major indices on the u. S. Markets closed higher by more than 1 on friday. There was a lot of trade optimism, but suffice it to say stocks pared back early gains late in the afternoon session. There was no real signed document between the u. S. And china. We saw the s p 500 jumped the most in a month. We had Semiconductors Index gaining the most in five weeks. The nasdaq closing at the twoest level in about weeks. We saw a lot of movement when it came to treasury markets. We saw yield gaining ground and the risk on move affecting other Asset Classes like the japanese yen and gold. Lets see how we are shaping up. Off for then is long weekend. Asian stocks closed. The first weekly we are setting up for a higher open in the region. The offshore yuan trading around 7. 09. Goldmans expecting a mo
Youl uber, spotify is testing new lows stephanie we were just talking before we got started this market has to give you a little bit of whiplash. Were up for a second straight day but hold your breath maybe things will change tomorrow. You cant get obsessed with it you have to either have to be a long Term Investor or day trade. Very difficult at this point look trade is obsessing everyone i cant wait for earnings. Im super excited to talk about banks. Im watching technology today. Technology is 26 of the s p 500 waiting. We have gotten a couple of surveys in the last couple of days that suggest i. T. Spending is slowly. 4 this year, 3. 4 next year you have to start to be more selective in technology. Again, a big component of the s p. I still think you want to be in semis, cloud and security. You want to be very specific on software and hardware. We had a lot of calls cash coming after the close last night two days in a row of gains and almost all sectors positive both days so within
And china repair strains. Issues such as huawei and cashmere were not discussed. Lets see how we are setting up in asia. Sydni shares gaining up a quarter of a percent. 10 year yields up six basis points this morning. Onare keeping a close eye banks in sydney as they face an inquiry after failing to fully pass on rates. Cuts. Ave passed 57 basis shares down. 7 . Qe stocks are up 1. 3 . U. S. Dollar,n the recovering after the biggest twoday decline in four months and gaining against sterling. 2 10 of aund up by percent. Haidi lets get first word news. We start with the latest on brexit. Boris johnson has told his cabinet he still thinks a brexit deal is achievable. The eu says his latest plan is not good enough to be the basis for agreement. Negotiations continue on monday with brussels warning that time is running out. All sides must be prepared for the u. K. Took crash out of the block. Leaders, including johnson, will meet thursday. Typhoonying out after a left death and destruction.