Flax makes its public debut. Itses opening above reference price, valuing the software messenger add more than 20 million. Icon up with the cfo. At this point it has been working exactly the way it is supposed to work. We are very much focused on you are still paying large fees to bankers and you still the public on market. What problem are you solving . The first one is, no need to raise primary capital. A little bit more freedom in how we tell the story. Instead of only having a roadshow, we were able to do an investor day, livestream it and make the video available to everyone. Emily black is still profitable. Our primary focus is to invest in growth. This is the drive toward the national breakeven. We can still invest very aggressively. Emily how much of a priority is profitability . I dont want to get technical but there are a lot of deferred revenues. In outside investors is great because it allows us to control our own destiny. We try to find new ways to continue to invest. We d
What we had seen with the weakness last month. Overnight in asia, the nikkei actually was down almost 1 . The shanghai was up by a half percent. In europe you will see the dax is flat. So is the ftse cac is up. There are green arrows across the complex of stocks. The treasury markets this morning will be closely watched. The tenyear at this point is yielding above 2 . We want to start with some developing news. The New York Times reporting that President Trump approved military strikes on targets in iran that would be in retaliation for shooting down a surveillance drone but the mission was called off at the last minute eamon javers joins us in washington, d. C. With the latest good morning. The New York Times and the Washington Post are reporting that the president authorized these air strikes last night but backed off at some point subsequent to having authorized it the New York Times is reporting that the mission was under way. There were planes in the air, but missiles had not been
Kicks off the discussion on how facebook and google are challenging the news industry. We will hear from a top lawmaker who does not think big is necessarily bad. But first, to our top story. Apple has a backup plan if the u. S. China trade war continues to escalate. The companys manufacturing partner says it is able to make all iphones bound for the u. S. Outside of china if necessary. Hon hai now makes most of apples smartphones at its chinese factory. Our bloomberg tech editor Alistair Barr joined vonnie quinn with the details. Alistair this is an executive who was talking to investors and other people in taiwan, and our reporter in asia, debbie wu, was there to listen. And this is more of a plan. The executive did not say apple asked foxconn to do this yet, but he was saying they are very capable of doing it. It has raised a lot of questions. We spoke to an analyst over here who looks at the smartphone industry, and he was saying that if youre talking about actual final assembly, w
But 20 years on, are we seeing the return of the dot com bubble . Also, the fed signals its ready to cut us Interest Rates for the first time in a decade, boosting global markets. Good to have you with us on this thursday. A warm welcome to the programme, briefing you on all you need to know in global news, business and sport. And you can join in the conversation. Today, wed like to know if you bought into the dot com boom at the end of the 1990s, and if so, were you badly burnt . What is your cautionary tale when it comes to investing in the stock market . Get in touch just use the hashtag bbcthebriefing. After ten days of frantic arm twisting and cajoling their fellow mps, the four men vying to become britains next prime ministerface a crucial day. Two of them will be eliminated throughout the course of the day, with the final two announced around 6pm. On saturday there will be nationwide hustings to secure the votes of the 150 members 150,000 hustings to secure the votes of the 150
We start on wall street where yet another tech Company Lists its shares on the Stock Exchange later. Its been a huge year already for Technology Share sales, so much so, that some are already asking if we should be worried about another dot com bubble like the one that burst so spectacularly in 2000. So, whats happening today . Well, its the turn of messaging app slack. When its shares start trading on the new york Stock Exchange, it could value the company at around 17 billion, making its founder, stewart butterfield, the newest tech billionaire. Slack is a group chat app for businesses rather than consumers. Its used by 600,000 organisations, 95,000 of which are paying customers. But like many fledgling tech firms, its burning through cash. Last year, losses totalled 139 million. There are some 235 more share listings or initial Public Offerings lined up this year that could raise 100 billion between them. It has been a bumper year. The number of tech ipos in 2019 is up around 30 . W