Strengthening as asiapacific nations signed the Worlds Largest regional freetrade deal. President trump plains fresh hardline moves against china. M a at the double. Pnc financial agrees to buy a usa unit for 11. 6 billion and creating a european giant. Very good morning to you. Market,to bloomberg the european open go lets get the european open. Revenues coming in at 21. 4 3 billion euros, just a touch ahead in line with the estimate, reaffirming their cash flow guidance for the full year 2021, something perhaps to have that kind of visibility at this point. They say they are on track to ipo. This has been a talking point, what kind of money were they going to raise . There has been talk of perhaps a 4 billion euro ipo coming next year. , it hasthe same unit been valued by some at 20 billion euros. That would make it the largest listing in europe in more than three years. We will be keeping an eye on that. Vodafone said they are on track with that plan. Marketst to the broader and loo
For those two companies, it was a tale of two different big tech quarters alphabet has certainly been the laggard this year. Underperforming not just its big tech peers, but the nasdaq amazon has been a standout, 70 gains. Alphabet had a low bar and amazon had a high one. Did they deliver we can look at a number of metrics, what i want to drill down on particularly is cloud. These are the companys newer growth engines cloud numbers came in only in line with expectations revenue up 29 year over year. Love large numbers but google cloud, revenue was up 45 and now the company is going to break it out as its own segment. Have a listen to what was said last night. Given the progress we are making and the opportunity for the cloud in this growing global market, we continue to invest aggressively in our gotomarket capabilities and extending the global footprint you will see information about the scale of our investments so investors are going to be able to see exactly how much google is inves
Should be appointed to probe unsubstantiated allegations against hunter biden. The president wants an investigation started before the election. Airport isathrow offering passengers a rapid coronavirus test with results in one hour. The tests are available to those flying to hong kong and italy. Those are two other destinations requiring travelers from britain and other countries considered high risk to provide evidence of a negative test result 72 hours before departure. The European Union is pledging 51 million to help three african countries suffering from famine. United nations is hoping to raise 1 billion to tackle the humanitarian crisis in burkina faso, mali, and niger. U. N. Says a record 2 Million People in the region need help, most of them children. Global news 24 hours a day, onair, and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. Im Mark Crumpton. This is bloomberg. Vonnie it is 1 00 p. M. In new york, 6 00 p. M. In l
Were red now across the board as we show you where the major averages are down. The s p down about 1. 5 . Josh, i turn to you. A lot of hurdles to get over were watching texas and florida. The banks are under pressure because of the regulations from the fed about dividends and buybacks you have the nike news with the big miss off its earnings. You have a Tall Mountain to climb today. Yeah, i agree with you. Theres a lot of stories swirling around right now and most arent feel good for stocks the big story is the virus and its resurgence. I think thats the only thing that matters to market right now. You see it in whats working and whats not sometimes things are complex right now things are simple. Dollar tree, costco, clorox all look outstanding now even the stocks that went vertical given those vertical moves they are hanging very high and thats really impressive. They are not even pulling back for a consolidation in any significant way. Look whats rolling over, exactly what you would
Treasury secretary digging in his heels on the topic of reopening saying, we cant shut down the economy again, sarah. Gary he cou gary cohn joins us and last month there were more bubbles to come hell join us to weigh in on todays down turn. And the black swan of 020, thats what sequoia labelled the pandemic in march. Well talk to partner roelof botha about how he views the startup landscape right now lets get to the selloff and our team of reporters to break it down mike santoli tracking the plunge Brian Sullivan on energy stocks. Meg terrell covering one big area of the market for the market, the rise in covid19 cases in some states mike, start us off with the broader ugly action that youre seeing in the final hour of trade. There was an easy way to deal with that and hard way we took the hard way a sharp and violent flush, maybe the start of something deeper. I want to point out stops along the way. The easy way is to flatten out the rally and go side ways were below a 5 pullback. T