Going to be a little bit of activity today. Yesterday, was san jose, Santa Cruz Mountains amenta headed up towards the peninsula. 40s and 50s today, mix of sun and clouds today. Every bay area county now has confirmed coronavirus cases. The first to cases are now confirmed by the department of health to more deaths in Santa Clara County thats a total of 10 in that county, more deaths than any other bay area county, they are now 302 confirmed coronavirus cases in Santa Clara County, the highest number in the northern part of the state. They are preparing for a surge of patients as testing becomes more available. There is already a plan to turn the Convention Center into a temporary medical facility where patients would be treated for other conditions including car crashes and heart attacks. County Health Officials are thanking people for helping during the health crisis, they say they are grateful for people who been contacting their doctors before going to the emergency room and county
Europe is steady powell makes some remarks later on tonight road map begins with megadeal monday lvmh announcing a deal to acquire tiffany. Charles schwab buying ameritrade, 26 about the all stock deal it will combine the companies the two biggest publicly discounted brokers will have more than 5 trillion in client assets ebay set to sell off stub hub for 4 billion david has details on that. Lets start with this Historic Deal in luxury goods lvmh will acquire tiffany. The deal is worth 135 a share, two Companies Expect to complete that deal by mid2020. I assume you can fill us in on what is going to happen to the brand, synergies and all of that. Listen, i mean, it is an important transaction for lvmh, which tried twice before as my understanding and not been able to get there had done it privately. From a m a Strategic Point of view, this went about as well as sort of it had been could have been hoped for from both sides. Seasoned advisers on both sides, who i think i thought they wou
Welcome to bloomberg surveillance. I am in zurich speaking to the leadership of Credit Suisse. Lets check in on the markets. , the share price may give a bit of a lift to the markets. But the main news we are watching out for is what is going on with the fed and whether jay powell can do something that will surprise the markets. For the moment, it seems like a 25 basis point cut is already priced in. Later on, we are expecting data out of europe. Im looking at what is going on with the u. S. 10 year yields ahead of the fomc and looking at the pound. Are wonderingrs if Boris Johnson will reverse course. Coming up on bloomberg surveillance about more for my interview with the Credit Suisse chief executive. Speak to lori l chief executive later on the program. We talk about the state of the democratic candidate race with howard dean. But first, lets get straight to new york city. We begin with the u. S. China trade talks, they ended early in shanghai. There were no public comments. Negoti
Continue to drive Growth Stocks are poised to rally ahead of what could be the feds first rate cut since the crisis. And gaming headwinds, amd delivering a revenue warning first up, apple rising on the better than expected results iphone down from a year ago and now represent less than half of quarterly revenue for the first time in about seven years. Yeah, headlines today in the papers are staggering. New york times, apple reports declining profits and stagnant growth again wall street journal quotes richard cramer, no relation. Were these people on the same call maybe they were on the rotten apple call, i was on the straight apple call. I heard a situation where you are going to if you actually think out in the out years, it is a Service Company with the best Customer Satisfaction there is and when you get an appliance of which there are about 1. 5 billion, you are beginning to take either apple cloud or the app store, the ads, i think that you will be looking at the credit card star
Shanghai and tokyo were moderately lower the nikkei finished down by almost 0. 9 . The shanghai was down by twothirds of a percentage point. This comes as we were getting manufacturing data out of china showed theyre still contracting. It was better than anticipated the number was 49. 7. That was better than the 49. 6 anticipated. Still below 50 in hong kong, the hang seng was down 1. 3 . Trading was cut short there because of an impending tropical storm. Markets were normally close at 4 00 p. M. Were suspended for the second half of the day this morning there are a mixed picture. The dax is up. The cac is up slightly the ftse is down a bit finally look at whats happening here in the treasury markets the tenyear right now ahead of that fed meeting, 2. 054 lets look at whats happening with gold. That could be a mover after todays fed decision gold is up more than 10 in the last three months. Apple big number of the week and its our top corporate story. Earnings and revenue topped estima