We will discuss the secret to the companies continued success in asia, and its u. S. Ambitions. Uber has set the stage for one of the biggest deals ever. The service has approved softbanks offer to buy a 1 billion stake. Softbank and other firms will be allowed to invest up to 1 billion in uber, and can buy out the 9 million in shares. I caught up with cory johnson and eric newcomer. We have basically everything except the price, which is key. And who the sellers are, we dont know that for sure. Therefore, we dont know the total amount that is up to be bought. But we have sort of a slate of governance reforms, and we have softbank and a number of other potential buyers. But the thing we have been negotiating for the last many weeks now if those governance reforms, and the process by which softbank would buy the shares. Emily so, talk to us about some of the governance reforms. There were some contentions over Travis Kalanicks role. He made some compromises and benchmark made some compr
The nasdaq yesterday had been up more than 1 and the s p 500 more than half of your percent. The geopolitical tensions earlier this week, that briefly took a toll on the markets being shaken off as buyers are stepping in. When we look at the breadth of the market, there may be some reason to be concerned and think that perhaps the rally we have seen for two days could be shortlived. His is a oneyear chart in white, the s p 500 and in blue the percentage of members above the 50 day moving average. Yesterday, the s p 500 moved above the moving average, considered to be bullish and saying buyers are moving back in. In blue, the percentage of the members over the 50 day moving , thege, 43 , declining market internals are deteriorating is what that is telling us. Suggesting that the rally we see for stocks today this week could be shortlived. Lets look at a sector doing well, homebuilders. Bid. All getting a decent Credit Suisse estimated they could lose 1. 1 billion in the wake of the deva
Weekly inventory numbers coming out in 30 minutes. Materials are under pressure as well. The commodity selloff we are seeing is not just in oil. We are also talking inflation as er we got the numbers this morning. Inflation very slightly hotter than estimated Committee Even as wages continue to be under pressure. Here is commodities and the inflation outlook. What expectations for inflation are being priced into the market. This is the 10year breakeven. We have seen that come down. Come down as but applicable along with of the commodities, the commodities index. Speaking of commodities and pricing inflation, we have target in focus this morning after the company said it has been cutting prices to better compete with walmart. However, that has put pressure on its margins. Some of the numbers missed estimates, including its forecast, which it raised, but the midpoint of which is still below analyst estimates. Target shares are trading lower. Kroger under pressure as well. The other news
Launch an allout trade war against china. An oped in the chinesebacked newspaper, the global times said any new tariffs would trigger immediate Counter Measures from beijing. This comes in response to donald trump repeatedly saying on the campaign trail that the u. S. Would punish beijing with high import tariffs in response to what he considers unfair trade practices. He also wants to brand china a currency manipulator. The stakes, of course, could not be higher. Americans love iphones and other goods, from furniture to nike they get at low cost from china, but they resent the job loss that many rightly or wrongly lay at beijings doorstep. With china, they dump their product all over the place. So declares the president elect. But china is not taking those kinds of words sitting down. The country warning the president elect that it will meet a trade war with a trade war. The staterun global Times Newspaper telling president elect trump what that might look like. A batch of boeing orde
Launch an allout trade war against china. An oped in the chinesebacked newspaper, the global times said any new tariffs would trigger immediate Counter Measures from beijing. This comes in response to donald trump repeatedly saying on the campaign trail that the u. S. Would punish beijing with high import tariffs in response to what he considers unfair trade practices. He also wants to brand china a currency manipulator. The stakes, of course, could not be higher. Americans love iphones and other goods, from furniture to nike they get at low cost from china, but they resent the job loss that many rightly or wrongly lay at beijings doorstep. With china, they dump their product all over the place. So declares the president elect. But china is not taking those kinds of words sitting down. The country warning the president elect that it will meet a trade war with a trade war. The staterun global Times Newspaper telling president elect trump what that might look like. A batch of boeing orde