Bad reaction. Astrazeneca slams the brakes on a phase 3 vaccine trial after one test patient contracted an unexplained illness. Watch the vaccinemakers at the open tomorrow. The rout resumes. Asian equities post losses after more devastation for u. S. Tech investors. Slumps ses 7 but tesla by a stock record 21 in yesterdays u. S. Session. England prepares to reimpose coronavirus restrictions on the public. Starting next monday, gatherings of more than six people will be banned. Youve been warned. Just under an hour away from the start of cash equity trading in europe. Lets look at the futures picture right now after, you know, the major u. S. Equity benchmarks dropped more than 2 . The nasdaq more than 4 . Now were seeing red arrows once again for european futures. Yesterday was a down day for european stocks as well. Take a look at u. S. Future this is morning after the big drops that we experienced yesterday. Remember yesterday was the first day of trading for u. S. Stocks. They were
Is that idina menzel, on the phone with her agent . Thats exactly where she lives, kansas city, missouri. Uber is cutting jobs because of the effect the coronavirus is having on its business. The company is slashing about 3,700 recruiting and Customer Support positions worldwide. Thats about 14 of its workforce. Ubers ceo is also waiving his salary for the rest of the year. Add gap to the list of retailers opening this month. It plans to reopen 800 Stores Including old navy and Banana Republic before the end of may. New protocols will include updated cleaning routines, plexiglass at registers, and no access to fitting rooms. Some Department Stores are also looking ahead and engineering how their future might take shape. It comes as nordstrom unveils the changes it is making to protect both its customers and employees. Here is abcs eva pilgrim. Reporter stores are reopening, but shopping as we know it is changing. Nordstrom announcing the closure of 16 stores in an effort to weather the
Operation twist, where we just had a liquidity dynamics last time i was on we talked about Earnings Growth bottoming and reaccelerating of course the rate of change is what boosts the multiple so were this one of those periods where it should extend not just through end of the year, but into the beginning of next year as well. So if you think about when those rallies stalled out after qe2, that was the point where everyone realized all that liquidity didnt really boost earnings all that much and by then stock prices were ahead of fundamentals but between now and then, i think that the path of least resistance is still higher lets take a quick look at treasury yields. The fed operations is a large part of why. The ten year is yielding 1. 73 and meanwhile Chinese State media, remember on sunday the pro democracy candidate scoring a landslide victory winning almost 90 of the district down can still seats. And now beijing is calling the election a setback for hong kongs Democratic Developm
This is bloomberg surveillance. Im Francine Lacqua here in london. These are your markets. Global chief economist. A lot of the focus is on the next, the mastercard trade war. A lot of the focus is on data executive vice chair on out. We see pound. Diversity and her thoughts on we are of course watching that because we are one month exactly the apple card gender bias issue. From the early election, this is bloomberg. December 12, and the u. K. After the brexit party said they will not expand conservative seats. 1. 93. 0 year yield at coming up, we will be speaking to musabbeh al kaabi, the chairman of Mubadala Petroleum at 9 30 a. M. U. K. Time. That is manus cranny bringing that live. Lets kick off the show with the latest from hong kong. Rn that the city is on the brink of total breakdown as protesters rocked the citys financial district to a standstill. The chaos follows a flareup in violence after the first fatality linked to the protests. Is it different from yesterday . Is the mo
Day. Football and Financial Advice. Jets linebacker Brandon Copeland joins the desk. Hes a member of our Financial Wellness advisory counsel. The Halftime Report starts right now. Welcome to the Halftime Report. Joe terranova, the brothers najarian, Courtney Gibson and, Mario Gabelli of the gabelli funds. The s p heading for its 24th record close of the year what a big year its been. How are you doing . Terrific. Welcome back. How do you feel . Better than in months . The fact the market is hitting a new high, were looking at stock specifics and what are they doing. Like the viacom cbs. Next year the only challenge i see is the lower Interest Rate that has an impact on the liabilities of Pension Plans and how much cash they have to put in things are okay. How do you feel about where the trade talks are, where the fed is nothing nothing changes. Its fine. The fed is fine. We like the global competitiveness, that china is bringing in texy in house and trying to develop their own skill se