And german exports mark the biggest increase since 1990. Shares slump after a warning he wont hesitate to add more countries to britains quarantine list. Uber sees revenues fall almost 30 sending shares lower after hours. A warm welcome to street signs. Weve got some macro data. Frances trade balance fell to 7. 96 billion in june down from mays figure comfortably beating expectations in germany, exports are posted their biggest gain rising 14. 9 in june. Strong demand from china spurred a near 9 jump in industrial output chinese exports rose 2 easily beating forecasts. Imports contracted missing estimates of a rise. Officials are reportedly said next week to reach the talks asian markets have traded lower. Main land Chinese Markets taking a hit down 1. 4 amid escalations with washington moving to ban tiktok owner bytedance and we chat owner tencent European Markets have been open about an hour stocks are up 15 basis points. This follows a drop of 0. 7 . Yesterday, the u. S. Session als
And, microsoft stopped making phones years ago, and now its back with a new model that will run on googles android system. Is now the time to get back into the slowing Global Smartphone market . But first, to our top story. On monday, wework pulled the plug on its ipo, at least temporarily. The new coceos of the Office Space Company say they want to focus on the core business before going public, which they still plan to do sometime in the future. Wework has been burning through cash and is now planning thousands of job cuts. And will put some of their business is up for sale. Bloombergs kurt wagner spoke to wedbush analyst dan ives and bloombergs ellen huet, who covers the company. Ellen it is official. The ipo will be put on hold. So they said this morning theyre going to be pulling it, that confirms a lot of the reporting we have had in the last week or two, which is that the ipo is unlikely to happen in 2019, likely to be pushed until next year. So theyre going to be spending the n
Changes are coming to gun laws after Governor Newsom signed two major bills aimed at safety. And accountability. The first will double the tax on guns and ammunition sold in the state and that money will be put into violence prevention programs in school safety. The second will ban. Will from tearing firearms and most places putting public parks, churches and anywhere alcohol is sold. The new laws will test the limits of the supreme courts new standard for interpreting the nations gun laws. Daniel lurie has officially entered the mayoral race. He believes he is the right person to solve San Franciscos problems. He is the air to the levi strauss fortune through his stepfather. He is tryiying to position himself as an outsider in the race against mayor london breed and supervisor ahsha safai. The u. S. Is four days away from a possible government shutdown. The senate and house moving forward with their own spending bills. There is no guarantee other plan will pass once the bill heads to
Nikkei flat. European equities, still positive. Nicely positive. Its better than yesterday. Germany, france, ftse, spain, all higher by more than 1 . Even more italy who has suffered so much lately. Price of crude oil up this hour across the board. 47. 97. Brent is reapproaching 50. 49. 34 with a gain of. 55. Danone is buying whitewave foods to expand the presence in the United States. Whitewave is the producer of silk almond milk, Earthbound Farm horizontal organic milk its a 24 premium to whitewaves Closing Price over the last 30 days. Tesla ramping up the word of wars with fortune. The electric car maker saying it did no wrong waiting to disclose a fatal accident with a car with self driving technology. This after fortune accomplished accomplish fd a story that was critical of tesla setting on the news for eight weeks. Criticizing the fact elon musk sold shares in the interim. A blog post late last night denying it knowingly withheld information from shareholders regarding that cras
On wall street. Squawk alley is live. Good morning, and welcome to squawk alley on this new years eve. Im kayla. With me simon hobbs. Good morning. Joining us from one market in San Francisco, founder and editor in chief at the information, also a cnbc contributor, jessica lessin. Good friday to you. Or good thursday to you, rather. Its not quite new years yet, but soon. Its a short week, so its easy to get a little bit confused. First, jessica, microsoft says it will now inform customers if Government Agencies are trying to hack into their accounts. It comes after a reuters report that the company chose not to tell thousands of hot mail users that their accounts were hacked by the chinese government. Reports say microsoft found evidence of these attacks back in 2011, but, rather than informing users, it simply asked them to change their password. It was reuters that reported this originally and reached out to the company for comment. Is there precedent for Something Like this . How do