About this episode
The Nikkei leads sharp declines across Asia after Wall Street posts its worst week since October, with markets continuing their post-Fed slump amid a more hawkish shift. Morrisons braces for a bidding war as a US private equity firm reportedly continues its pursuit of the British grocer, after the group rejects a 5 and a half billion dollar takeover attempt. Bill Ackman's SPAC buys a 10 percent stake in Vivendi's Universal Music Group for 4 billion dollars, as shareholders prepare to vote on the spin-off and listing set for September. And HSBC posts its worst day in 9 months after taking a 2 point 3 billion dollar hit on the sale of its French retail bank, as Europe's largest lender sells the troubled unit for just 1 euro. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .