Airbnb expected to go public this week. Analysts saying it will surprise above its target despite all the headj winds the travel industry is facing. Well explaint iwhy ase xdp lunch starts right now. Thank you, ty the dow pullingqback but still above 30,000 only six dow stocks are higher right now. Teq apple is one of fthem the dow industrialso so far today as well as theee nasdaqe pos t composite and russell 2000 each have hit a record high intra day despite the fact the the dow is lagging, only up 5 and 13 gains over here for the Overall Index for the russell 2000 look at other parts of the market were also watching as well look at the semiconductor. Dze cord highsf pushing the semiconductors, possibly a leading indicators for the rest of the markets and another set of record highs tesla. Billion, would make it close to around the sixth biggest stock in the s p when it eventually goes in. That happens before the open of business on december 21ste1. And perhaps Short Co
Launched today around 77. Around, you know, in that roughly about 1. 8 billion offering here where the valuation of the total company, if you extrapolate that out, youre getting well into the 13 billion neck of the woods. So a very, very Big Development here. Jackie deangelis is following it. This is kind of the rule of thumb, the vast majority have been of that ilk. But again much will have to change, and well see in the next few hours. Not a bad launch. What are you hearing, jackie . Not a bad launch at all. It came public under the Ticker Symbol u, neil, and its trading higher by 35 . Opening trade was 75 a share when it priced at 52. This is remarkable because the whisper number last week on the low edge of the range was 34. So you stand back and ask yourself what are investors thinking, especially during this time period of so much uncertainty, you know, to be bidding up a stock like this, you know . This is a company, as you said, its part of this Video Software chain, so it make
Major peers. Cofounder sewing softbank for reneging on a 3 billion deal. Shery take a look at how markets are trading at the moment. We are seeing upside for u. S. Futures, kind of flat right now, paring back some of those earlier gains that were already adding to the rally we saw late in the session in the u. S. But paring back some of those gains. Kiwi stocks gaining for a second session. Sydney futures higher by. 3 percent. As we head towards the rba Monetary Policy decision, not much change expected there although we are hearing from the treasurer that we could see a deep contraction this quarter. We are seeing crude gaining ground, extending gains above 21 a barrel as we see u. S. Build now slowing. The push to reopen state economies is clouding efforts to predict the official told from the coronavirus p he has ramped up his death production. Coronavirus. He has ramped up his death projections. Greg sullivan joins us now. President trump still pushing for the reopening of some sta
About the impact later on in the show. Time now for bloomberg time now to dig a look at all the news you need to know, from d. C. To new york. We are joined by bloombergs michael mckee, taking a look at all of the Market Action and economic action out of europe. It was a tough day for services pmis. Michael absolutely, and the charts tell the stories. These were the worst numbers ever for france, germany, and the eurozone, showing the Service Industries worsen manufacturing, and in part due to a quirk in the data. The market, we get pmis at 9 45 this morning. The same sort of data are expected. We also get the Bloomberg Consumer comfort index, the most highfrequency Consumer Confidence data. That has been moved up two days. The crashing of the european economies has revived talk, or pushed, shall we say, talk of stimulus higher up the agenda. German chancellor Angela Merkel has already decided that she is going to establish a Stimulus Program to help revive the economy, and she has put
we start here in the uk because in 90 minutes time, we ll find out if inflation is continuting to fall. the rate at which prices are rising fell to 4.6% in the year to october, down from 6.7% the month before. that sharp fall was due to cheaper energy prices and declines in oil and gas prices might bring the headline rate of inflation even lower in november, with economists estimating 4.3%. in a bid to curb inflation, the bank of england has increased interest rates to 5.15%. some of you know that only too well. live now to kallum pickering, senior economist at berenberg. good morning to you, it s been a while. give us your take on inflation today, will go in the direction we wanted to? yes, it robabl direction we wanted to? yes, it probably will direction we wanted to? yes, it probably will fall direction we wanted to? yes, it probably will fall as direction we wanted to? yes, it probably will fall as you - probably will fall as you mention, a5 seem to be the estimate