It came before the coronavirus headlines started to impact the u. S. And as a result l brand, which owns victorias secret, bath and body works, has had to close stories, lay off employees and this was sort of a lifeline to l brand to unload it because they werent able to turn it around so if they get stuck with it again, its pressure on the retaile retailers. L brand is a prime example, one of the worst hit. Indeed. Well see you later this afternoon, sara. Welcome to squawk alley, you see the bounce today after two days of losses as we get some progress regarding rescue packages from the senate to the house. Got a bunch of discretionary Companies Raising Capital through various means, secondary and so forth and the earnings not bad when you look at snap, chipotle and netflix last night. Interesting when we look at netflix and snap which had interesting positive metrics in their earnings we had ibm the day before talking about a pause in some customer spending. Were just starting to get
Hear it . Reporter his father hears it. Clear as day. Reporter christie puts her hand on that fathers shoulder, and that dad says he could just imagine what his son is doing. Hes probably out there running laps. Reporter his son the runner, and christie grateful for his heart. His father telling us this so peaceful. And it was it was something that we all needed. Reporter christie too. That donor is grateful not only for the heart, but for that family. So thankful and blessed to have them in our lives. Its like at the end of a rainbow, you find a pot of gold. For me thats how it is. She is thankful, and our thanks to david muir on that really touching story. Since matthews death, hes saved even more lives. He has donated seven organs, saving the lives of up to five people. Oh, wow. This is why people urge you to consider organ donations. And in fact, your medical condition at the time of death will determine what organs and tissue can be donated. What a wonderful story. Really, the gif
Others warnings of continued outbreak headwinds plus mobile merger revision, why softbank is cutting its stake in the Overall Company that will be created between sprint and tmobile, and why its so much more likely to happen and shares of deere are up, reporting abunexpected rise in profits, shows an early sign of stabilization for the farm sector coronavirus worries putting stocks on track for a negative week theres a spike in new cases both in and outside of china you got cocacola joining the list of Companies Impacted by the outbreak, saying it expects it will cut quarter earnings by one to two cents a share they coupled that with a 2. 5 div hike and we heard from lulu, daimler and others as the list is getting longer and will get longer from here one of the things people took the cue was from proctor said it was going to hurt us, the stock was up and climbed form the rest of the sector. Why dont we tell the truth . A little too premature, they all presume it will be solved within a
Based on the risk off the further markets. It is time now for global exchange. We will bring you todays market moving news from all around the world. Our bloomberg voices are on the ground with this mornings top stories. Where to begin in asia, the coronavirus continues to spread in china, with the number of confirmed cases climbing above 75,000. Engle. Me is Stephen Stephen for the second time in about a week, china has rejigged its methodology for how to classify confirmed cases of the coronavirus in china, that has led to this now becoming a bit of a global crisis. We are seeing more speculation that the data we are getting is we necessarily reliable, or are seeing a significant dropoff in the number of confirmed cases. In hubei province, just 349 new cases reported overnight. Is that because of the new methodology, or do they have the containment efforts under control . That is raising a lot of confusion and questions. Also, it adds to suspicion that officials in china may be prema
Deal reshaping the storied Investment Bank, Morgan Stanley Ceo James Gorman will join us in the next hour. A mega merger, increases the projection of expenses saved and the guidance which well get into, as well. Giving up control of victorias secret selling a 55 stake to siycamore and stepping down. Well start with the deal of the day. Morgan stanley agreeing to acquire etrade valued at 13 billion. 58. 74 a share three months after schwab and Td Ameritrade announced a merger deal a lot of discussion of why not robin hood an enwhat it means for the sort of the framing of their Wealth Management business, jim. It is kind of amazing about 5 million accounts, maybe more robin hood with 10 million accounts in no time they were land speed record for accounts their success is driving everything they have the millennials. They have a different orientation. They have the easiest site to use. All hand held. Theyre racking up customers i have had robin on a couple times. Theyre the biggest threat