Screen completely different from yesterday and will call it a modest rebound but it was the big tech stocks that fueled the selloff in today though stocks also seen a modest rebound, certainly not recovering the losses theyve seen over the last three days but nevertheless they are back in the green. Take a look at tesla, that stock has lost around one third of its value in just one week. But look at it go today up nearly 7 and by the way well talk to the former Vice President of tesla coming up in this hour. Also tesla rival nikola solid spike after announcing the partnership with gm and come up will talk to the company ceo about the electric Vehicle Market in the fierce and growing competition. Meanwhile talking about competition in the race for the white house joe biden traveling to battleground states michigan to tout his new made in america plan, this ahead of the president s visit tomorrow and this morning by the way President Trump nominated for a Nobel Peace Prize by a member of
Thats what we are trying to achieve. Roche sees profits and sales fall in the first half but a turnaround has already begun helping with the full year outlook. Since june and now july, hospitals have opened again and patients are returning to hospitals. We see our sales recovering. Thats why we returned our initialo initial outlook. Sales of unilever as sales of ben and jerrys and more in north american sales the outbreak continues to weigh in many markets. I would say latin america is in the throws of it. We are seeing significant increase in africa and south asian continents topping the stoxx 600 sending shares in the french ad firm and the british rival wpp higher a very warm welcome to strooinz lets kick off what we heard from roche maintaining the full year outlook. Blaming the 4 slide in sales and 5 contraction on the decline of net hospital visits due to the coronavirus pandemic. Telling cnbc earlier that company has started to see hospital visits recover. You had seen a strong
Welcome to bloomberg markets. Green day across the screen. The s p 500 up and the nasdaq 100 2 higher on the day. Both indices down on the week but the earnings love it hitting the take and the two year yield 30 basis points and whipped sign for the week but below the 4. 80 level. The 10 year below 4. 50 on the day. Breaking ism Services Data crossing the terminal. We have bloombergs mike mckee with the details. Michael if you are trading on the economy slowing down, keep doing it. The ism Services Number comes below 50, the line that is supposed to demarcate between contraction and expanses. Services pmi 40 9. 4, lowest since december. A rebound on for the moment. Production at 50. 9 and new orders at 52 point two, both down a little from where they had been. Employment comes in at 45. 9, still below 50 and just confirms what we saw in the services and overall jobs numbers that we are not seeing a huge job gain in the recent months. The one thing Everyone Wants to look at, 59 point tw
Of followers. The New York Times was barred from publishing any more classified and Steven Spielbergs new film on nixon and the press, and why the director sees echoes of donald trump. Anybody that offends, you know, there is a label that is immediately attached to them which is called, well that cant be true because theyre all fake news. And coming up on sportsday on bbc news, slam dunks and celtics the bright lights of the nba hits london again this evening. Good evening. Dozens of senior doctors who run accident and Emergency Departments in england and wales have written a stark letter to the Prime Minister warning that patients are dying prematurely in hospital corridors and conditions are at times intolerable. They say thousands of patients are left in the back of ambulances waiting to get into a e. And very high rates of flu recently mean that some hospitals are running out of beds. Today, theres fresh evidence of the pressure a e units are under. More than 300,000 patients waite
A selloff in the markets. Another 1 move to the downside. Thats three in five sessions, actually. The fed minutes, as we said, coming this afternoon. Yum cutting its forecast for the year. The scandal in china continues to weigh on sales. Jcpenney is holding its investor meeting today. The stock has almost doubled since february. Is jcp really back . More retail numbers today. Costco earnings are out. Theyve beaten estimates on the top and bottom line. First up, stocks are looking to shake off Global Growth numbers. The dow suffering its worst day since late july. The s p falling 1. 5 , settling at the lowest level in almost two movanths. The worst day for transports in about eight months. Oil today below 87. If cramer were here, he would say that is pointing to real demand concerns around the globe. A sign, as you say, of just slowing growth around the world. Thats the key. When you talk to people this morning as i did or even late yesterday, first thing they catch is oil. Down today