Claims china hasnt increased its purchases of American Farm product as promised. Awaiting the outcome of highstakes meeting between japan and south korea. Digital date. Trump slams facebook over plans of a cryptocurrency. Vw and ford are set to announce an expanded alliance today. Welcome to bloomberg daybreak europe. 6 00 a. M. In london. Treasury curves across, following the better print in the u. S. Despite the fact Jerome Powell kept to his dovish message. The 10year and 30 year yield jumping eight basis points yesterday. We had the lower than average bid to cover ratio in the 30 year option. The 10year at 2. 13. We did see the 30 year yield the ands main in yesterdays session and the s p 500 hitting a record high but not closing above 3000. At one point, equities taking a dip halloween President Trumps comments about china. Sensitive things are. Will we close above 3000 and the week . How much further do we have to chronically gains . Look at the dollar. Weakness in the dollar for
Yield backing up about four basis points. We are now 25 basis points away from a bill gross who is now saying we could desk could be a could be a game changer. David a big day for earnings. Billion and18. 8 67 gspershare, dollar 1. 67. This be a pattern of earnings with 80 of companies. Alix revenue and sales on that. Energy leading the way. Conoco out with their earnings. A 2. 5ws come in billion, earning be as wells. As well. We saw the same thing happen with shell. The production missing a little bit. Up, 5. 5 billion so far this year. Cash flows at 2. 5 billion. What are they going to do with the cash flow . How sustainable is the higher cash flow . David we have someone joining us who will tell us. Dicker is looking at that. Alibaba announce their earnings and they beat as well. Per share. Yuan total79. 8 billion yuan revenue. 30 on theire back payment system. 33 on their payment system. Myx so i will put it in right pocket and left pocket and that is how we rounded out. David the
Thoughtful about, but i benefit massively from our benefit team. You cant do anything alone. That continues to prove out every single every single industry and every single role. I just have the best teams on the planet. Meantime, match group over at the nasdaq today going public. Shares in the green as well. About 13 gain after pricing at the low end of the range. With more on square, lets bring back swrak steinberg and a cnbc contributor. A net positive for the tech community, for the ipo community. Yeah, i think when you see the two ipos in concert, both 3 billion dpz companies, both trading at Single Digits of revenue, this is the new norm. Most companies will now adjust the private rounds. I think the given where these two were at, they both kind of thread the needle and made the best of the situation. Its interesting, though, to hear the anecdote from behind the scenes, how they not the book, what investors were saying, john. Sources were telling me that it was really the mutual
Said it may stop offering coverage to individuals on the public exchanges as losses from those plans mount. The company also cut its earnings forecast for the year, which sent shares 5 lower, making it the worstperforming dow stock in todays session. But todays announcement comes in sharp contrast to more optimistic projections made about its Exchange Business just last month. So Bertha Coombs takes a look at the reasons behind United Healths announcement and what it could mean for the insurance exchanges. Reporter this is United Healthcares first year offering plans on the public aca exchanges thats seen costs and losses mount. The insurance giant says it will still offer plans for 2016 but may get out of the Exchange Business altogether after that. The Overall Exchange Market Profile is more negative than we had planned. With new market enrollment growth that will be more slowly. These indicators point to an environment that is declining and likely to continue in that direction into
Said it may stop offering coverage to individuals on the public exchanges as losses from those plans mount. The company also cut its earnings forecast for the year, which sent shares 5 lower, making it the worstperforming dow stock in todays session. But todays announcement comes in sharp contrast to more optimistic projections made about its Exchange Business just last month. So Bertha Coombs takes a look at the reasons behind United Healths announcement and what it could mean for the insurance exchanges. Reporter this is United Healthcares first year offering plans on the public aca exchanges thats seen costs and losses mount. The insurance giant says it will still offer plans for 2016 but may get out of the Exchange Business altogether after that. The Overall Exchange Market Profile is more negative than we had planned. With new market enrollment growth that will be more slowly. These indicators point to an environment that is declining and likely to continue in that direction into