Record, but some workers are not celebrating. Beyond. Ity and Richard Bransons Virgin Galactic could be the first Space Tourism business to go public. We will analyze demand. The first, top stories. Alphabet earnings. The report was impacted by heavy investment in googles Cloud Computing business. Google has been Building Data centers and hiring sales people that runsoud Unit Services over the internet. , our correspondent from bloomberg intelligence. Cloud is all the rage, potential for future growth. What did you make of it . Like you said, they are spending. They are showing results. What we are seeing for the next centerhey will take the focus and you will get success here and they have the capacity to compete. You will see this being a bigger deal for google but at a cost. What is your take on keeping up in the Cloud Business . Continued take investment as we just said, but there is a huge potential for payoff. Taylor i want to talk about the statement it looks like Topline Revenu
On whether to support the impeachment inquiry against President Trump. Lets get you started with a quick check of the markets. We are seeing u. S. Futures Holding Steady after the s p 500 closed at a record high, taking out its july alltime high. We had trade optimism with President Trump signaling the signing of a deal may be ahead of schedule. At the same time, a heavy week for earnings. More than 160 Companies Reporting this week, about a third of the s p 500 companies. 80 of the around 200 companies that reported have beat analyst estimates. We have tech and also communication stocks leading the s p 500. Today, the nasdaq gained 44th consecutive session. The Energy Sector weighing on the energy. Wti crude falling for five days after we have had signs of u. S. Stockpiles expanding. To see how things are shaping up for asia, sophie. Sophie the stock rallys look set to continue in asia. Aussie futures approaching record highs. Valuations in the region. Singaporeth korea and with a str
Workers are not celebrating. To infinity and beyond. Richard bransons Virgin Galactic could be the first Space Tourism business to go public. We will analyze demand. But first, top stories. Alphabet earnings. The report was impacted by heavy investment in googles Cloud Computing business. Google has been Building Data centers and hiring sales people for its cloud unit that runs services over the internet. Joining me, our correspondent from bloomberg intelligence. Cloud is all the rage, potential for future growth. What did you make of it . Like you said, they are spending. They are showing results. What we are seeing for the next year, they will take the center focus and you will get success here and they have the capacity to compete. Microsoft. And you will see this being a bigger deal for google but at a cost. Taylor what is your take on keeping up in the Cloud Business . It will take continued investment as we just said, but there is a huge potential for payoff. Taylor i want to tal
In the semis today. Talking of rain, edgbaston may see a shower today as good wimbledon although it is an outside chance. There are showers in the forecast, the heaviest from lincolnshire northwards. Its thursday the 11th ofjuly. Our top story. Iranian boats have tried to intercept a British Oil Tanker in iranian waters but reportedly withdrew after a british warship trained its guns on them. The incident happened in the strait of hormuz a strategically important stretch of water between the persian gulf and the gulf of oman, bordered by iran and the united arab emirates. Lets get more details now from simonjones who is outside the ministry of defence for us this morning. Peter bowes. Growing tensions in the gulf of. A British Oil Tanker should be seized, steady run, if the iranians ship is not released. It was expected of carrying oilfrom not released. It was expected of carrying oil from iran not released. It was expected of carrying oilfrom iran to not released. It was expected of c
Of that. Marriott and hilton is down on a downgrade. The 10 year yield is backup to 2. 06 before the powell testimony tomorrow and plenty of fed speakers today and later in the week. Guy absolutely a firm focus on the fed. European stocks are down again. Stoxx 600 down by 1 . Cable is breaking lower again today. The reason for that the politics, probably more importantly core retail data out of the u. K. Today ahead of gdp tomorrow. Looks like the u. K. Economy hit a brick wall in the second quarter. The market is pricing and more rate cuts from the bank of england. By anothernk down 2. 32 . It was a little worse earlier on. It rallied a little bit, but down hard since that plan was announced. Vonnie fed chair Jerome Powell delivering the opening remarks on the recent Bank Stress Tests at the boston fed conference earlier today. His remarks come a day before his today testimony to congress, with investors expecting powell to pave the way for a socalled insurance cut. Here to discuss no