joining us is dani burger with more on the stunning development. dani: it is really difficult to wrap your head around how much

annmarie: dani burger, thank you so much. dani burger here in london.vie theaters around the world feeling the impact of coronavirus restrictions, walt disney will make mulan available for purchase. depending on who you ask, this decision to release its next big film online will guarantee that the movie will lose money or it could be a smart way to break even on a $300 million investment. joining us with more details is matthew. thank you for joining us this monday morning. what is the math behind this pricing? matthew: a few things going on. is the movie has been several years in the making. they needed to find a way to make some money on it. $30.e are thinking -- a rental. $10 million or so to break even when you take into consideration the marketing costs. lot.ems like a theater, live action $30 million-$50 million. i think they stand a good chance of getting that but not more. and on top of that, it is being released through disney plus. another reason to keep the 60 million customers or so you already have on that platform loyal and it could potent

joining us is dani burger with more on the stunning development. is really difficult to wrap your head around how much musk's net worth has increased, nearly tripling since the start of the year, so now, his net worth is above that of bernard arnault, and that means that the allest inner -- people are in america, including mark zuckerberg and behind him now elon musk. about 20% of tesla, he owns, so no doubt, his wealth is tied up with the shares, which have gained about 300 40% year-to-date. a lot of that is the enthusiasm that it might join the s&p 500 index, but also, we have seen a huge retail audience jump behind tesla. now come he also gets a substantial part of his net worth from spacex, as well, but also, his compensation package when it comes to tesla is tied up partially on the market cap of the company itself, so every time it hits a milestone, he gets more stock options, and that is really a huge reason why we have seen it accelerate. besides just bezos -- jeff bezos, elon musk has seen the greatest rise this year. they have come under

dani burger, what do you got? s off withrightmove -- start off with e, which saw first half revenues slump. they may need to wait a while until cities come back to their total fruition. i spoke with simon marks, the head of research at lasalle investment management, who said the role of the central business district will take a wild to be restored. take a listen. vaccination.e- 's will hard to cbd return. they will lag behind smaller cities where you can walk, psycho, and drive. dani: he did say that after we get a vaccination, there is a chance, i high likelihood that the cities come back. matt? matt: thanks very much. dani burger there. coming up, it is the market open. we are looking at futures that are currently, well, getting back to unchanged levels. they had been down far further earlier, and now we see dax futures unchanged, ftse and cac futures unchanged as well. it does not look like it will be such a risk off day after we got u.s. stocks rising back to their best levels of the year yesterday and then som

for that, we go to dani burger. a hostyou are focused on of sectors, starting with carlsberg. holic beverage industry has been able to weather the downturn ok. it seems like beer makers, specifically carlsberg, has been unable to make up for the fact that we have seen bars and restaurants closed. people are not buying enough beer at home to sustain their profits. they see profits declining for the full year. they expect operating profit to fall between 10% and 15%. they will not resume the second phase of their share buyback. all of that put together, we are seeing shares called lower by about 2%-3% lower this morning. matt: deutsche telekom has a big -- had a big beat as far as pretax earnings were concerned. dani: thanks to the new merger u.s.en their t-mobile arm and sprint. it is the introduction of this larger company that allowed them to not only beat, but raise their forecast for the. -- the year. tui, and the story at absolutely stunning drop in revenue, 98% drop in revenue. what does the story look like for this business? i guess support from the government is part of

here is dani burger. record bond offering in a lot of ways. $10 billion in total, and there were record low yields here for their seven-year and 40-year yields, beating out a record previously set by amazon. more notably, about half of those proceeds are specifically for esg tight bonds. that includes things like supporting small and medium businesses that are hit by covid , environmental issues like green housing, and importantly, supporting black entrepreneurs. now, this is notable at google because the company has really struggled to diversify their ranks. just 2.6% of the leadership at google is black, and that is unchanged from last year. so google has undertaken an initiative, which they're calling the economic opportunity package, and that is supported by $175 million. that includes black lid venture capital firms -- black-led venture capital firms, and also increasing diversity and black employees specifically, hiring them into higher ranks at the firm. francine: or generally, how popular is the gm

dani burger, what did we hear from her yesterday? restrictions imposed or is this just status quo? dani: she has to strike a really careful balance. germany is desperate to get economic activity back up. at the same time, we are seeing signs of rising cases. the case count in germany surging to the highest in four months. angela merkel in her purse that -- first appearance since this rise of cases. this should not continue, we need to contain it. warning that there might be fines levied against people who flout hygiene measures and social distancing measures. she said, we are in the midst of a pandemic. urging the german people not to forget this. germany already requires people to eitherback quarantine for two weeks or present a negative test. saying, that was causing the rises, more mobility and contact with people. german officials saying that a lot of the spikes they have seen were coming from family gatherings, workplaces. this is just a warning, letting the german people know, we will not continue easing anytime soon. there are

dani burger on diversity.the banking world are back in the spotlight as a trial suing barclays is underway in london. sexist comments employees made were referring to financier amanda staveley. they have emerged as part of the trial. this includes remarks about her appearance and who she might be "sleeping with." a british dealmaker with ties to the persian gulf, she was one of working innent women the financial industry at the time and she is suing for 1.6 billion pounds for cheating her out of profits from the deal she brought to the table. let's bring our bloomberg legal reporter. why would these phone transcripts made public? >> these transcripts were released as part of a trial that amanda staveley is bringing against barclays. the claims she's bringing are related to sexism and the judge will make a ruling of that but because the case is about her emails number of discussed her role in the deals and some contain misogynistic language. ellen, what do these comments say about the culture at the bank and th

joining us to discuss all this is dani burger.l, what is tesla's thinking in issuing the stock split? is then one way, this management signaling confidence they think shares will go higher from here. stock,g this, tesla which is trading just under $1400, if it stays around the same valuation, will be about $300 per share. it also means this is a benefit to retail and other small traders who otherwise had trouble affording tesla stock. this should not really affect the price in theory, because the value of tesla as a company itself is not changed by splitting its stock. we do know that the retail crowd tends to favor tesla. robinhood, for example, the trading app based in the u.s., has 550,000 accounts that hold tesla, up from 180,000 back in march. also a signal to them that it is safe to jump in and buy more shares because it is now cheaper just to buy an individual share of tesla. francine: apple also split stock recently. what was the ultimate effect of that? dani: about two weeks ago, apple split shares in a four to one exchan

questions joining us now is blue brooks dani burger. ken faang sustained the rally? orning. it certainly has been a blistering rally intact, but according to the tech -- in tech, but according to the tech pools, it can sustain the rally. in the new world of the pandemic, stay at home trade, you have to imagine that's what's needed to justify high valuations, the tech index versus the s&p ratio, the highest since the dot-com bubble. according to goldman sachs, it was just a. . the rally can content -- a false dawn. the rally can continue. if you look at earnings, it does hold up, whether you look at ups long-term reductions. we did see the tech index earnings to grow about 3% year-over-year, one of the few sectors to actually be able to post earnings growth in this environment, anna. and are investors searching for a safe haven in tech? are they tweeting than the same are for something to distinguish? dani: when you think of e-commerce giant, it seems to be one of those stay-at-home place. this was -- plays. this was extremely low. but it has been picking up. perhaps t

here is dani burger. dani: earnings don't stop.the biggest movers to the upside, if you account market cap for the stoxx 600, a really strong show here, profit rising by 8%, handling the virus and better than much expected, some of the chinese sector recovery as well as what is called a very strong showing in their software development. if you want to look at the second biggest mover by market cap, that is going to be -- helped by an e-commerce boom. sales doubled their last year. compensating really for some of the pandemic-related store closures. adidas found they were buying more frequently, so their shares are up more than three point 5%. morgan stanley did call the earnings a "mixed bag," because sales may have done better than expected, but overall earnings did disappoint. expectations were so low from the buy side. finally, one of the big movers to the downside is glencore, on track for its biggest drop in about two months, down by more than 3.5%. the big story here is they scrapped their 2020 dividend. they had put it on pa

dani burger is here. the thinking behind this is really about liquidity. become so gargantuan, it is good to inject some liquidity, isn't it? dani: absolutely. ,f you are a small investor affording the shares is quite a difficult prospect. they currently trade just under 1400. changery, this shouldn't tesla. it should not have any effect on the value of the business itself. it does not necessarily dilute shares either. it does make it more profitable. for tesla, it is all about the retail investor. it has been part of the reason we have seen tesla surge so much. robinhood accounts hold 550,000 accounts hold tesla, up from 180,000 shares in march. nejra: when apple split its stock recently, did retail investors pile in then? did it work? dani: it did work in terms of it came on the heels of a positive earnings announcement. we saw apple shares surge for one split, they traded at a record price. history oflong stocks splitting and getting more interest in the shares because they are more affordable. nejra: dani burger, great to have you with us. that is it f

dani burger with the latest of disney challenges ahead., we'll be talking with -- later today we get the latest on the pandemic with dr. anthony fauci and ahead of that, a look at the economy. this is bloomberg. ♪ ♪ francine: the root -- beirut is rocked by a massive explosion, injuring thousands. commerzbank cut its outlook. the german lender abandons its portfolio target. and as dependent threatens traditional businesses, disney plans to release new titles on disney+. we will spend quite a lot of time looking at the disney business model to try to understand exactly what that means going forward, as less people go to theme parks and stay in more. i guess the only thing they can do is try to bet on the streaming service. tom: it was a really interesting call yesterday. one of our producers is going to hit.t seven times, $29 i

with the details is dani burger. breakdown the volatility we are expecting.average, every august we see the u.s. and european volatility gauge rise by more than 2.5 percentage points. the typical month we see a decline of 30 basis points. this is definitely a standout month. be it isg tends to summertime so we see traders going on holiday, less people around, lower volume, lower liquidity and that means the potential for markets to get pushed around the threshold for doing so in trades is much higher. in some ways, it could be a self-fulfilling prophecy. traders know august is coming so they start to prepare, take on more protection. interestingly, we know this is a difficult time for traders given difficulty counts, getting stimulus through in the u.s. and the economic turmoil, but according to one trading firm in boston, mitchell or financial, they think the rise in retail in the current environment will settle markets because they tend to be more consistent. as to which time of day they invest rather than when markets open or close. that consistency should

joining us with more details is dani burger. $8 billion in one day -- not bad. at all. these numbers are so difficult to wrap your head around. year to date, his net worth has more than tripled. $57 billion this year, and a lot of that, if not most of it, is coming from the gain in tesla's share price surging 340% this year. muska himself owns about 20% of the companies, so he has benefited from the enthusiasm around the stock, being that the stock is included in the s&p 500 index. retail traders really love tesla. his compensation package is tied to the market value of tesla, so once that hits certain milestones, he gets more in terms of tesla options. spacex also about to close another funding round. that valuation put at $46 billion. all these different sources are contribute into this huge surge. that we have seen in musk's well. his sudden surge and wealth also put elon musk and tesla under more scrutiny? dani: he is the fourth richest person and the optics are not good in the coronavirus, so in that way it certainly could. but you look at who his company is

for more, dani burger. really hoovertf's and up assets. we had geopolitical tensions.e turning to gold and they are doing and more through these exchange traded vehicles. etsf is street spider the most popular among the bunch and it has added 50% more in gold holdings in just the past year. in the past week, the first three days, he data 2600 metric tons of gold, putting its holdings above a lot of central banks. it holds more than switzerland and the boj. if it continues on this trend, it could be in striking distance of the pboc. this week has also become the most popular etf in the world. that is in terms of inflows, taking in $21 billion worth of inflows, beating up vanguard's s&p 500 etf and ishares investment grade etf as well. certainly a lot of popularity here. francine: is there any danger with having investors fed on gold through etf's? dani: it would depend on who you ask. one provider says it is a helpful mechanism to be able to buy etf's, to be able to buy and sell on gold. providing pressure to the underlying market. but according to ken harvey, he takes

here with us to discuss more is dani burger.asking how bad the situation is when it comes to the u.k. economy. this line in blue has remained at 3.9%. to get included the statistic, you need to be actively searching for jobs. chances are if you have recently lost your job, as various businesses closed down, it is difficult if not impossible to be looking for employment right now. we can tell how dire the situation is by looking at vacancies. ok jobs that are open, they plunged over the past six months. thecan see the latest, 370,000 in the jobs opening. that will be difficult to search for something. howretionary spending shows nervous people are about having jobs, using their jobs, spending the discretionary income. isthe u.k., retail traffic 51% the normal since below the coronavirus. they are getting more people going into shops. france is just 15% below normal. restaurants, a similar situation. this is for opentable bookings in the u.k. froman see it did benefit the government program, encouraging people to have a meal at th

nejra: dani burger, thank you.ent institute is saying they believe the adoption of sustainable investment is a from theshift coronavirus. let's get to laura wright in hunt -- in london. laura: the u.s. seeks about more money. nearly $950ise billion over the three months through september. that's to fund the massive spending surge to help the economy through the coronavirus crisis. the figure is $270 billion higher from the projection in may. argentina is reaching an agreement to restructure $65 billion of debt. the nation's bond rallied on the news that comes after months of talks for a deal between argentina. it would mark a step toward stabilizing the struggling economy. is being investigated by the federal trade commission for alleged privacy violations. it's another setback for the company that struggled to protect user data and account security. use ofe probing the phone numbers uploaded for security purposes to target people with advertising. u.s. aviation regulators boeing 737 max. it's one of the most exten

let's get more with dani burger.nt of the current state of the outbreak in the u.s.? deni: he says there was a worrying baseline rate of the community spread of the virus, and pointed to a curve whose projection is still upward. what he prescribed to bring this down is what he says the u.s. .eeds, a uniform approach consistency in things like mask-wearing as well as social distancing. he says it is too disjointed at the moment to make sure virus down.ounts come fauci is a man who is acutely aware of the political climate in the u.s. he has been thrust into it, so he didn't go as far to say as there should be a federal mandate on things like wearing a mask. he specifically did say it would make sense, but he says getting a federal mandate passed on something like that would be impossible, so for that reason it.s not recommending interestingly, though, his main point is that you have to have these uniform approaches, because it could prevent lockdowns. for example, the case arises in south, you would not have to shutdo

for more, dani burger joins us with the latest.all, faang stocks -- can they sustain their rally? the tech ball certainly thinks so. this is really the ultimate stay-at-home play. we saw that through the earnings season. earnings inditex names did significantly better. estimates for where earnings are going have held up. the tech sector grew 3% year-over-year in earnings when many sectors were not able to. in some ways, this was almost a haven, but valuations have gotten stretched out. the ratio of the u.s. tech index to the s&p 500 you can see is near its highest since the.com levels. dot-com bubble. one of the dangers is that inflation expectations have risen. golden says they like tech because the future cash flow the growth names give them, but we assume if inflation picks up, you will have to discount that future cash flow even further, each means that tech ab looks less attractive. francine: have the hedge funds given up on the tech rally? dani: one of the most interesting things we have seen over the weekend, we had the 13 a

seeing some decent day and in terms of future us. 0.8 percent.up stocks to watch this morning, dani burgerfrom the london newsroom corporate what is the story with the new ceo for equinor. dani: coming in is anders opedal. ceo isans the prior retiring after running the company for six years. a significant change and it comes at a difficult time for the oil industry in general. will have to address various issues. the aerospacesee industry get a lift as well. the trade group for the industry has proposed a new fund, one billion pounds, to help prop up the entirety of the industry. they are also urging the u.k. government to match any funds contributed by the private sector. we see rolls-royce and airbus which called up about 1% today. the energy space in general we should keep an eye on for improving today. brent crude climbing about 1% after aramco said they see demand for oil continuing to improve for the rest of the year. keep an eye on the other oil majors getting a lift from the price of crude. lot to keep your eye on. the energy story also i think is fascinating. there is a great char

let's get to our stocks to watch with the dani burger. good morning to you. they are confirming their 2020 forecast. you can say that about all businesses. dani: that is certainly right. again, we say the stay-at-home kind of play is shining. zalando being the online shopping retailer. they are confirming their outlook about a 15%-20% revenue growth. for their second, their adjusted ebit was double what they saw last year. it is clear more people are shopping online. they also talked about on boarding more brands onto their platform. it is helping other retailers who otherwise are having trouble selling brick-and-mortar. we already saw zalando rally premarket on trade dates. matt: i have to say, sometimes i comment on companies whose names i find unappealing. and but we never say when someone has a great name. fresh is alike hello great name for a company that sells food online. dani: yes, and it is a meal kit. i feel like it is a good reactionary name of what you might do when you get it. this is definitely another stay-at-home play, much like the lando -- z

dani burger, what do you see out there? a lot of earnings from germany area dani: really a lot.bank now cutting their a worse picture for 2020. this cut was driven by one single case. that one single case being wirecard, losing money there. now they see bad loans, which impacts the -2020 result, being as high as 1.5 billion euros this year. we have wirecard and souring loans. allianz, a bit better of a story here thanks to pimco. the giant bond fund manager seeing more new clients this past quarter, which helps them some of the losses they had in the beginning of the year. does say they do expect positive results and they think the performance is going to improve in the second half. people will stay cautious about equities. bmw coming in worse than expected. losing 1.5 billion euros in the quarter. matt: a lot of carmaker news out today. we saw jim farley promoted to ceo. first car guy in that position since lee iacocca at ford. dani burger talking you through some of the movers. coming up, bp slashed its dividend for the first time in a decade. we speak to the ceo, bernard loon

dani burger with a look at some of the stocks that could move this morning. is the market open. asures are pointing lower, we approach 8:00 in london, 9:00 here in germany. this is bloomberg. ♪ annmarie: good morning, we are a minute away from cash equity trading. pressing for concessions, talks in the u.s. hit an impasse with the white house and democrats far apart on major issues. president trump prepared to take unilateral action. the bank of england hold steady, we will speak to governor andrew bailey today as the uk's central bank keeps it unchanged when it comes to stimulus. king of spinoffs, options for the splendor unit as the company gets a boost as adjusted earnings climbed 8% for the quarter. the rally we are seeing overnight starting to fade in europe. absolutely, we see red arrows across the board for futures. you can see ftse futures are doing worse than those on the continental, down 0.6%. dax futures, little changed after another slew of earnings and german companies including siemens beating forecasts. this is a global macro movers screen fro

dani burger tracks the sale from this year. as a german dream welcomed into its blue-chip dax index. they gave hope to the beleaguered finance industry and showed it could do tech. in less than two years, wirecard had its ceo under arrest. celebrations were soon punctured. the financial times reports an executive in the singapore office is suspected of forging contrast. bearish bets pile up. start in for a signal germany. two months later, the ban was lifted. by the fall of 2019, more doubts over accounting practices piled up. to calm investors, wirecard hired an independent audit. shares jumped. come the final report, something is missing. over $1 billion of revenue. the reason? internal shortcomings. wirecard ceo marcus brown reject reports of accounting irregularities. but by june, the company's defenses are starting to unravel. prosecutors lunch a criminal investigation into brown. wirecard admits the missing $2.2 billion of assets probably doesn't exist. in the next day, brown is arrested, falling from darling to to liquid,

to flesh all of this out, dani burger joins us. of a sense of sort of what the numbers are pointing to. dani: the numbers here certainly point to an economic issue as much as a social one. the pipeline, the consultancy in the u.k. have an executive board there that are at least one third women. they are 10 times more profitable than those that are only men. that means in a ftse 350, there is 195 billion pounds worth of profit that these company's could unlock if they simply added more women onto their boards. a situation has also been worsening. last year there were equal numbers of women as there were men. not a great statistic nonetheless. the situation has been worsening because of the pandemic. unemployment is especially high among women and minorities, and the government is allowing companies to lose focus more or less on this as they deal with the fallout. they are telling companies they are no longer required to report their pay gap statistics as they deal with the pandemic. i talked to lorna fitzsimmons, the cofounder of the

joining us is dani burger.rnings that made it very clear that the pandemic hurt cl's -- hurt sales of some of their medicine. that started to wane in the second quarter. things like surgery and nonessential procedures were very hurt for the company. issued theirlly full-year outlook, including the coronavirus. they now see between 43 and 44 billion euros for the year. one share that has gone up is infineon beating estimates. they had a cautious outlook, saying the coronavirus pandemic would be the deciding factor in how the year shapes up. some good signs from the auto industry, they are seeing concrete signs that that is turning around. we see though shares higher by 2%. bp, annmarie, i know you have been all over the oil majors. same story we are hearing. insaved by trading, coming better than expected at a $6.7 billion adjusted loss estimate within .5 billion. they have cut their dividend. we have covered this. one of the main things is that they are higher by as much as 3%. thought behindhe bp being, we kne

we are joined by dani burger.another business coming to the market, asking for some shareholder money, wanting to invest in renewables, rwe. several come seen to the market, but they are said to raise $2.5 billion, and that is to expand and work on their renewable energy prodded, about 10% of their market value, perhaps the biggest spot value in europe so far this year. it will likely dilute shares, most likely dilute shares, so we are seeing rwe down about three but some say this should ultimately be taken positively by the market. anna: i was talking just a couple of days ago about the relationship amazon has with the market in the u.k., and here we have this around morrison. what is the story? new patch starting today with morrison's, in the u.k., and you can now order same day groceries from morrisons via amazon. 40 pounds, you will get it for free if you are a prime member. the hope is they can expand throughout the rest of the country in coming weeks, and it starts today. this is really a way for those whoto

joining us to discuss is dani burger. great to see you. is one of the founding members losing its status in the benchmark? dani: the reasoning is really uniquely a story of 2020. adds members based on turnover and mark richt cap. swire has seen the market value plunge. you think of the sectors that have been hurt the most from the protests and the coronavirus, it is things like retail, real estate, and aviation. those are all things that swire is involved in. they own shopping malls and cathay pacific. shares have fallen more than 40%. the market cap is the lowest of any member on the hang seng index. the benchmark will decide at the end of trading today, but we are likely to see one of these founding members for five decades it has been on the index lose its spot. likely to bere is kicked out of the benchmark, what would we see take its place? dani: the hong kong benchmark has made a push to include tech. they have done things like allow dual class shares, allow uneven voting rights. a lot of the hong kong listed tech companies have a form

dani burger, what happened with this fund that credit suisse has decided to close the echo dani: it hasld ride. first of all, these are etn's, not like etf's. it is backed by a bank, so it is a debt obligation, so it is banks backed by bank credit. last month they made the decision to delist them, taking them off exchanges, but they said that you can still trade them over-the-counter. this is where the weirdness happens. this three times leveraged inverse national gas -- natural -- the chart is wild. at one point it surged 6000%, looking nothing like it should have if it was actually tracking this inverse natural gas index. so this week, credit suisse makes the announcement they are closing this fund for good. they did not give a lot of details of what happened, why happens, why they were closing it. a lot of confusion has ensued, but we think it has something to do with the creation and redemption process of a now over-the-counter fund. it was wild to watch this fund completely take off from what natural gas investment should have looked like. francine: are these types of leveraged pro

let's get to dani burger. >> that's right. lasalle out with their latest outlook. us to discuss it exclusively is the director of research and strategy at the firm. first off, thank you so much for joining us. i want to pick up on a point mayra left off -- nejra left off on. people are leaving to the suburbs. are we starting to witness the death of a real estate model where you have the central business district? simon: there is a very big question mark in the current environment. not only the office workers but also the retail and entertainment the office workers then support but when you think about the coronavirus timeline, you need to divided into two. there is the prevaccination period and post vaccination period. vaccination and various treatments. in that period, it's hard to see how they will return to their former status given social distancing and bigger cities relying on public transport. they will lag smaller cities where you can walk, cycle, and drive, but in the post vaccination period, it's a very different story. health concerns dissipate quickly. t

joining us to discuss is dani burger. this change what we usually learn about investor holdings? >> we get a lot less insight into who holds what. a huge number of firms will no longer have to report. the threshold has been proposed to raise to $3.5 billion area currently it is $100 million. a lot of well-known's like tempora, soros, they would no longer have to report holdings. when it comes to visibility of ownership of stocks, one of the sectors that will be most affected is energy. we will not know. we will have about 16% or so less of energy data on who owns those stocks. the other big sectors, we will not get much visibility, include health care for example my consumer services, according to ihs market. iss is an issue to know what being crowded into. goldman sachs for example, they have a proprietary model that follows hedge fund holdings and a lot of it is based on 13f data. it will be harder to determine what is crowded, but you can invest in based on the hedge funds. when it comes to types of hedge, alternative

joining us is dani burger.ocused on a range of subjects and banking is at the top of those with the news from abn amro. big restructuring at the bank. they are dropping their corporate finance operations outside of europe, as well as exiting their trading and commodities sector. their financing operations. it has been a drag on the banks profitability for years. the cfo saying they will cut one third of investment banking, and also the cfo saying there is impairment for potential fraud case in germany. might still be shares higher by about 1%-2% this morning. they did see a loss of about 5 --lion euros, slightly worst worse than the 2.7 million expected by analysts. , one of the big stocks to watch today. what about sunrise? an m&a deal. liberty global, the u.s. based media giant will be buying sunrise global, the swift telecom firm for a value of 5 billion. it could put offerings at 110 swiss francs per share. that would imply a 27% rally from yesterday's close. i should say look out for free net to move on th