Rose. Microsoft saw a better First Quarter revenue, helped by demand for Cloud Services as more people work remotely. Sales through september topping 37 billion. Melbourne, the merge from a melbourne emerges from a strict lockdown. Ours and restaurants are reopening, even home visits are allowed. Shery lets get you started with a check of the markets. U. S. Futures opening lower, down. 4 . This after stocks fell to a three week low in the regular session. We had cyclical stocks taking the brunt as virus cases continued to climb globally. We have the nasdaq composite pulling back of yesterdays losses on the deal around amd. Durable goods orders coming in better than expected. Lets see how things are shaping up for the asian markets. Here is Sophie Kamaruddin in hong kong. Sophie we are seeing losses continue here in asia. Chip stocks very much a focus after amds deal to buy. Earnings. We have results from sony, zte, as well as budweiser asia to name a few. And a straley or, we have had
Earnings from continuing operations was just 0. 10. Terrible numbers from certain sectors. Iously, retail search obviously, retail front and center. Market, kind of a mixed bag. Terrible data, yet equities tried to stage a rally earlier. Now futures flipping into more negative territory. Definitely the eurodollar and dollaryen are two to watch today. The yen was significantly higher thats butt all dies all eyes really on retail data later. Lets get some more market moving news from our new york and brussels teams. We want to start in the u. S. , where we are expecting more of that dire economic data. Many nonessential stores are closed. We also get Industrial Production. Michael mckee, International Policy and economics correspondent, joins us now. Michael i will give you guidance for the year, dismal. It is only a question of how bad they are going to be. Retail shrank by 8. 7 in march, when things were just getting started. In april, americans spent all of the time at home, not going
President street tweets with one of his own. He says you dont believe in Climate Change so you are excused from the conversation. Saudi arabia has offered a number of senates to open success. They cut taxes on the oil giant for a third time and may boost dividends again and will award investors for holding onto shares longer. Shares will be lifted. Sales were hit by lower oil prices. Global news 24 hours a day on air and at tick tock on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. I am Mark Crumpton. This is bloomberg. It is 1 00 p. M. In new york and 6 00. I am vonnie quinn. Welcome to bloomberg markets. Here are the stories were following. Potential listed by u. S. China trade deals. Exactly 365 days until the u. S. President ial election. We will explore how the economy will influence the polls. The best business in the country. The topranked school. Highlights of our interview. Straight to the record. Joining us is our money and treasury r
Talked to the pilot david he is resting at a friends house in the bay area. He said he is very happy to be on dry land. He wanted to take a moment to address his critics. I have heard rumors. Just that i did it as a publicity stunt. Reporter is that true . No reporter the coast guard released this video of the rescue. Look closely and you can see him getting ready to capture images on his cell phone. Once his friend and fellow passenger was safely on the helicopter he shot the photo. David captured these images while he was in the water. Just as the plane was about to sink in a selfie while the rescue chopper was approaching. The 34yearold shot video shortly after the plane touched down in the water. But we declined to pay david the 2000 fee he was asking for rights to air the footage. Who has the presence of mind to shoot a selfie when youre standing on the wing of a plane . I do. I have the presence of mind to not kill myself. And putting it in the most ocean. To grab everything out
News station. Youre watching kron. 4 news at now at 5, it is pouring outside. Slipped up roads. On this friday evening commute rain continuing to drench the bay area. We are taking a live look right now. At our walnut creek camera on highway 6. 80. As you can see, you can almost barely see the road heres a look at traffic across the bay area right now as well. That read and orange indicating heavy in moderate traffic spots. If you dont absolutely have to leave your house this evening. They want to hunker down. Thanks for joining us here on kron. 4 news at 5. Im noelle bellow bay and im grant lotus because of the rain and the winds. The golden gate ferry has canceled its services between San Francisco and timber on for the rest of the night. Thats been replaced with bus services and sales force park closed for the rest of the day conference. Chief meteorologist Lawrence Karnow is here. Joining us now with a look at the weather center. Lawrence, youve been tracking this storm. You said i