Pound nowing the euro the highs of the session. The cable rate coming in a little bit weaker. Joining me now, Stephanie Flanders here on set with me, and from london, guy johnson. Usst blush for you, walk through some of the results. Guy this is pretty much exactly as expected. The pound is barely budging on the news. The market is pricing and very little action from the boe going forward. It is very hard to call exactly what the outcome of brexit is going to be. I think weve got 10 basis points priced in on the downside by next march. Just 17 by the end of 2020. The market doesnt know which way to call this one. The bank of england is indicating that the risk of a no deal brexit has declined. When a new deal brexit happens, the risk to the economy will be lester medic than having been be lessd for, but dramatic than having been perceived before. The market finds it hard to find credibility. Alix particularly if they go the way of norway. You have to wonder how that works. Talking abou
Says blockbuster left at the companys original movie by mail service. We will hear his latest thoughts on streaming wars and tech culture. First, it finally happened. Wework is pushing back its ipo. What was once one of the most anticipated to abuse of 20 anticipated debuts of 2019 is being pushed to october. Governance problems and financials. At one point, this was the post to be a 47 billion company. Now that number is about 15 billion and perhaps smaller. Ing me to discuss, the new york, crystal, who has been covering this troubled ipo. What was the problem today . Financials, ors, governance problems . All of the above. The simple answer is they have a lot of things to address before they can go to the investors again and ask them for their money. Now we are hearing it could be 15ow as 12 billion to billion. There have been a lot of changes to governance, but investors are looking at valuations, whether they will improve financials, and whether more is needed for them to be convin
Fails in his bid to trigger a snap election. China signals more support for the slowing economy indicating a cut in the Bank Reserve Ratio is on the way. Protesters vowed to return to the streets of hong kong and continue their calls for change. They say carrie lam section is too little too late. Shery it was all about k anditics, both in the u hong kong. We saw a risk on sentiment across the board with the dow caning gaining almost 240 points. The nasdaq up 1 . Tech shares leading the gains. They were the biggest losers in the last session. We have the Energy Sector in section gaining ground. We had the dollar falling the most since june. It was all risk on and the geopolitical tensions subsided. Not a lot happening with u. S. Futures. Lets get you across some breaking news on the terminal. We have julys current account of numbers from south korea coming in at a surplus of 6. 95 billion dollars. The current account for south korea in july. This as expectations grow for further easing
Critics say its not enough. Porschetesla, the we will run down the features, including the price. Now, stop shares are plunging in afterhours trading after the company gave its first Earnings Report as a public company. Expectations for secondquarter revenue and earnings. It projected slower sales growth for the second half of the year. It willabout signal strong competition to make the Software Maker a rapid riser. We do is poised for a record low. Isning me from to discuss our guest and on the phone is our other guest. Larry, great to have you. We have had a few hours to digest earnings. Give me some of the big concerns. Is the big concern the Topline Revenue growth . That is something i dont cover. I work for technical professionals. I talked to the geek in the room, the i. T. Professionals about installing security. From my perspective, there is still strong interest for slack from our metrics, if you look at the inquiries we get and other metrics we get around research reports. Ta
Helsinki, Michael Mckee in new york, and Kevin Cirilli down in houston. There was a bloomberg report trumpday that president might have a ceasefire, and the president basically confirmed it. Pm johnson i see a lot of pres. Trump i see a lot of analysts seeing we will do a piecemeal. Easy or hard. Theres a deal or theres not a deal, but it is something we are considering. David there you heard it. It looks a little like the chinese may have responded this morning. Right. Xactly some economists are talking about a mini deal. Theres the prospect of china buying some u. S. Agricultural products and exempting pork and soybeans from additional tariffs. Expectedtowards these talks in october at a high level between both sides, there is a word of caution as well in all of this. China has always been in the market for more agricultural goods. Dating more pork in particular because of swine flu. Theres certainly evidence of some good gestures, but no signs of a major, sustainable breakthrough ju