Record sales for the most valuable company. And boeings billions, it is taking a 5 billion hit in the Second Quarter due to the worldwide grounding of what was its bestselling plane ever. And rate cut optimism. Stocks on track to open higher but on pace for worst week since may. Microsoft on track to open at a record high, market cap above a trillion dollars Quarterly Results beat expectations on cloud strength here is nadella on last nights Conference Call. Our commercial Cloud Business is the largest in the world, surpassing 38 billion in revenue for the year with growth margin expanding to 63 . Im proud of what we have accomplished over the last 12 months, and im energized by the tremendous opportunity ahead every day we work alongside our customers to help them build their own digital capability, creating new businesses with them, innovating with them and earning their trust. Cloud is a third of revenue and after at t they had quite the week. Yeah. I did something i never do i list
Producer prices. Those numbers are crossing hotter than anticipated. 3 is what we expected. 6 is what they came in. Another pattern that inflation could still be sticky. In terms what have we have with the benchmark, the stoxx 600 is weaker at this stage as we get going today. Lets look at the different sectors as well to see how we are traveling. Technology at the bottom nasdaq was weaker in session yesterday. Pointing out the big a. I. Stocks, nvidia and microsoft, going in different direction. Microsoft with support and nvidia is the weakest link. Technology is down. 40 . Montcler and dior as well. We have retreat for retail names, but down less than. 10 . Red cropping up in financials. Insurance names pushing higher. Admiral at the top. Bnps is up 2 leading that banking basket. Food and drink in the green. Autos with volkswagen at the top of the basket. Utilities up. 40 . Oil and gas support. 50 . Telco on the back of vodafone after the sale of the italian asset is 6 higher. Lets l
Breaking news this morning. Five americans are on a plane, one step closer to their freedom after being wrongfully detained for years in iran. We are live in qatar which is their first stop and where they are expected to touchdown any moment. In georgia, a hearing a under way for one of Donald Trumps codefendants where one of the defendants is asking his case to be moved from a State Court Into Federal court, and will it fail like mark meadows did. And how, a irs agent is saying that his rights were failed. With kate bolduan and sara sidner, im john berman and this is cnn news central. Five prisoners in iran wrongfully detained are expected to arrive in qatar by jet. And talking ging about siamak , emad sharghi, morad tahbaz and two other Unidentified Americans will be headed to america. And now 6 billion will be available to iran for humanitarian reason, and five iranian held prisoners will be released as well. Becky anderson is in doha, and what is the very latest that you are hearin
Kent earlier. That is where the best of the sunny spells have been so far. Elsewhere, a lot of cloud out there and some rain to be had. Not too heavy and not too widespread but it isa too heavy and not too widespread but it is a bit dull and damp across the south west of the uk in particular, down towards newquay, some wetter weather and elsewhere, a lot of cloud and pockets of rain. We will see damp weather in the east of scotland. A cool day in aberdeenshire, temperatures not much higher than 12 or 13. Drier in Western Scotland and Northern Ireland but rather cloudy. Outbreaks of rain in northern england, particularly the north east and patchy rain in parts of the midlands and maybe west wales. Temperatures getting into the low 20s in the south east where we have already seen some south east where we have already seen some showers south east where we have already seen some showers and that could turn into the odd thunderstorm but pretty isolated. Still breezy in the south and west wi
Kent earlier. That is where the best of the sunny spells have been so far. Elsewhere, a lot of cloud out there and some rain to be had. Not too heavy and not too widespread but it isa too heavy and not too widespread but it is a bit dull and damp across the south west of the uk in particular, down towards newquay, some wetter weather and elsewhere, a lot of cloud and pockets of rain. We will see damp weather in the east of scotland. A cool day in aberdeenshire, temperatures not much higher than 12 or 13. Drier in Western Scotland and Northern Ireland but rather cloudy. Outbreaks of rain in northern england, particularly the north east and patchy rain in parts of the midlands and maybe west wales. Temperatures getting into the low 20s in the south east where we have already seen some south east where we have already seen some showers south east where we have already seen some showers and that could turn into the odd thunderstorm but pretty isolated. Still breezy in the south and west wi