It pushes the companys valuation to 10 billion. We will hear from the ceo of aurora. With dizzying market rallies, ipos, couldnt we all use some calm . Of all talk to the coceo , valuation has doubled. U. S. Stocks climbing twoway record amid stimulus discussions. Lets get to Abigail Doolittle in new york to break it all down. Walk us through the day. Abigail it turned out to be a bullish reversal at the end of the day. There were pretty steep declines for the major averages. Today, the vaccine was launched. Pfizers vaccine started distribution in the u. K. There were record highs by the afternoon, and nasdaq at another record high. Chewy. Com and gamestop. They put up a pretty strong quarter, they beat estimates. The sixth sales beat in a row. I am not sure what is weighing on them as of this moment. Active customers increased, including myself. The website allows you to order for your pets. The results certainly proved it. Gamestop put up a disappointing quarter, missing sales. The s
We were seeing a bounce. A few trade and tariff exclusions will now apply on chinese goods. We are closer to reopening, and oil rallying. Some permian drillers are cutting output even as the Texas Railroad commissioner ryan sitton told us yesterday that quotas were down on arrival. We are seeing diamondback,s diamondback,seeing centennial, and others cutting output today. Guy that is feeding through into the china story, and also into what is happening here in europe. Oil and gas the best performing sector. Brent is up 11 . Higher the00 gapped first thing this morning. Eurodollar taking a knock earlier on, that big hit coming through from the German Constitutional Court calling into question the ecb qe program. That also had a fairly significant effect on btp yields. Currentlying higher in italy. The combination of the positive and the negative coming together here in europe today. Stocks higher, but we are seeing the currency coming under a little bit of pressure. Coming up, we are go
Give truckers more time at rest stops . First, to our top story. Wework says job cuts will start this week. The struggling Office Sharing startup said that cuts will improve efficiency and accountability. Bloomberg has learned that about 2000 jobs will be eliminated, some 16 of weworks global workforce. Ellen huet joins us with more. What do we know about these layoffs and where it fits into their broader strategy of slimming down, if you will . Effort that has been going on in bits and pieces but it sounds like based on this new memo that the executive chairman sent this morning, it is going to start in earnest in the u. S. This week. They had already been starting to have some layoffs overseas and there have been some cuts in side businesses like meetup and other side businesses they owned, but 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.
That. And china announces new guidelines that aim to restrict young people playing online video games for long periods. We will find out how why and how it will work. Day one of the Election Campaign here in the uk and Labour Deputy Leader Tom Watson has announced hes stepping down. Eliminate its a very personal decision, not a political one. Eliminate its a very personal decision, nota political one. Ive been on the front line for 30 years. And 52 years old, ive been on a Health Journey for the last few yea rs. Health journey for the last few years. Im still deputy leader until 12 december, so i will be out on the road campaigning. Then after that, it isa road campaigning. Then after that, it is a brave new world. Jessica parkeris it is a brave new world. Jessica parker is with us. Lots of people think it could be political . M parker is with us. Lots of people think it could be political . It is well known that tom watson and Jeremy Corbyn clashed on some issues, notably on brexit an
Blairs after the fall of the berlin wall nov 9th to topple. The for. The end of the lock up period marks the start of a major selloff friday heeling absolute versus that shares driven down to a record low as early investors from both to shut their stock. Also on the shelf germany of Economic Council terms its growth forecast and insists the country should spend its. Later competitiveness. And speaking of competitiveness thats hard to achieve without next generation connectivity but can germany trust chinas one way to help build its 5 g. Infrastructure. This is the way of business im joined now the milan in berlin welcome and its a rough ride for her as its stock tumbles to a historic low thats after a stock lockup period expired allowing early investors and employees to sell their shares analysts say that means 80 percent of all issue chairs could now hit the market the right ailing company went public in may in a bumpy i. P. O. And guber is still struggling to win over investors despi