Wrote it. Because today, we can definitely go to the stores and not be able to find everything we want to, such as Hand Sanitizer or toilet paper or pasta. And this was one of the big problems that provoked the bread riot, were shortages in the market. So well be talking about that tonight. And what i want to do at the beginning of the talk is kind of set the stage for the bread riot , give you an idea for the conditions under which it could occur. Then i will talk about the riot itself, and then ill end with the aftermath of the riot. I have a slight up here of robert keene. He wrote some insightful things in the days leading up to the bread riots. I want to share something from his diary. On march 7, this is what he said. He was an official in the War Department. He said, flour in the city is 30, but butchers are closing their stalls. Meat, 1. 25 per pound. Farmers are making preparation. Then he went on to say, they resent the secretary scheduled prices, which are often 50 below the
Will a driverless fleet give truckers more time at rest stops . First, to our top story. Start says job cuts will this week. They said cuts will improve efficiency and accountability. Bloomberg has learned that about 2000 jobs have been eliminated s global 60 of wework workforce. Ellen huet joins us with more. What do we know about these layoffs and their broader strategy of slimming down, if you will . Ellen it seems, based on this new memo that the executive chairman sent this morning, it going to start in ernest going to start in earnest in the u. S. This week. It seems like maybe this week is going to be the big time. They had originally scheduled an all hands meeting for tuesday and another part of the memo says the meeting will be moved to friday. On friday, we expect a fiveyear plan of the company. Taylor do we have any indication of what that fiveyear plan will look like . Ellen if it is anything like what is talked about in the memos, it will be similar to that path that is tr
World. Our bloomberg voices are on the ground with this mornings top stories. We want to start in hong kong, where the chaos continues. Police and protesters clashed again after violent weekend standups. The Chinese Foreign Ministry Spokesman reiterated beijings support for the police force, calling the protesters extremely violent criminals. Precedent, you can see what is happening in hong kong right now is not a peaceful demonstration. It has turned into a violent protest against ordinary people led by a small group of extreme violent criminals. Alix joining me from hong kong is karen leigh. Walk us through the significance of what happened over the weekend in terms of escalation at the university. Anotherong kong had week of chaos after a week that has paralyzed part of the city. Carrie lam and other officials are urging protesters at the university to surrender, even as activists are calling for more rallies near the campus to support these demonstrators cured police and protesters
The u. S. May give approval next month, but either regulators are more cautious. Tencent music find the right beat with earnings topic the highest analyst estimates. Lets take a look at how asian markets are set to trade today after a pretty terrible session yesterday. We did not get a great lead from the u. S. Wall street seeing very thin volumes and expert tatian still high that we will see this trade deal but some uncertainty coming through in the mix as well as you look at yesterdays trading due to we are looking at trading starting in sydney, i staggered open pretty much flat at the open after a robust session on monday. New zealand trading at 1 10 of 1 ahead of the rbnz decision. Economists split about whether we will see another 25 basis points easing from the new releases new zealand central bank. We will get some hints to what direction they will go with the inflation exit tatians report later today as well as housing prices. To cargo nikkei futures flat at the moment. We are
Foreign purchases. We have the first public impeachment hearing testimony revealing the president s lawyer was digging up dirt in his shadow diplomacy in ukraine. Howi lets take a look at we are setting up when it comes to the start of trading here in sydney. Investors dealt a pretty mixed hand overnight. Stocks closing pretty close to fresh record highs. Still, uncertainty over the lingering trade negotiations continuing to chip away at sentiment. We are hearing potentially the agricultural purchases that had been a solid part of the phase i deal could be in doubt. China reportedly saying if these tariffs are not resolved, they could back away from purchasing more u. S. Soy and pork. Taking a look at the picture, just about 1 10 of 1 . Watching the labor market numbers, typically quite volatile, could be a move in the aussie dollar. New zealand, upside about 1 10 of 1 after the reserve bank of new zealand held on rates for their last meeting of the year somewhat unexpectedly, causing