Secretary mnuchin resuming talks and as carl just said, stocks are set to rally at the open despite ongoing fears, where are the opportunities for investors . Were going to have a look at the sectors and the stocks that could still be poised for growth in this ongoing and still a covid market as we say, carl, with cases at highs in many states yeah. Indeed though, jim, although there is a lot going on this morning, got to start with the chip story you made the wires by suggesting that xilinx may not be ready to sell. I had the ceo on in august, hes so excited about all the new markets that hes going into hes talking about video, live video streaming hes coming into, auto exposure. The problem is every one of those dove tails perfectly with advanced micro i can see the ceo saying all the areas we need to be strong in, xilinx can give it to us i also see that victor, when he was on, was saying, this is new for us, were just doing this. This is not like when altera was going to be sold to
Pandemic. Todyman continue if we start open up the economy . Can that continue with we start to open up the economy . And what is the recourse if you wake up in your robinhood account has been drained . Good news, Abigail Doolittle is here with us. Her account has not been drained, but she has been here with us all day. Risk on we had a nether that day. Not just a risk on week, but a second in a row. For the nasdaq, third. That september felt so bearish, and it was, but we seem to have really recovered from that. Today and this week after so many whipsaws around stimulus on and off, right now there is hope among investors that stimulus is on and a big deal could be agreed on. Nearly on the week up 4 . Nasdaq having its third up week time we have first seen that since august. A big driver for both of these indexes, amazon, up 5. 2 . There could be quite a bit of upside there. Nextf course prime day is week. Thats something investors are looking forward to. Wererming risk on, bonds down
That runs the debate said the event would be virtual. Mr. Biden says he would take questions directly from voters on october 15 and is asking the Debate Commission to move the debate to october 22. The president says a virtual faceoff is not what debating is about. Mr. Biden says the president is trying to evade accountability and does not want to face questions about his failures on covid and the economy. Global news 24 hours a day, onair, and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. Im Mark Crumpton. This is bloomberg. Vonnie it is 1 00 in new york 6 00 p. M. In london, and 1 00 , a. M. In hong kong. Im vonnie quinn. Welcome to bloomberg markets. Here are the top stories from around the world we are following. The move toward a steady business. Morgan stanley announcing that it will by money manager eaton vance. We will talk to mike mayo about the acquisition and what is ahead for big Bank Earnings. President trump says he w
Wearing, sanitation, ventilation, separation, we are not going to get a handle on this to be able to fully open our economy and our schools in our society. That is what has been ignored by the administration. That is what we must insist upon in this package. It has been another bills but they have not acted upon the resources in a way science would demand. That said come on the subject of the airlines, ive made the case to my colleagues this is a special case because in order for airline employees to return to the workforce, there are National Security concerns, there are concerns about certification and all the rest of that, not somebody leaving a job and coming back to a job, but having to qualified could take a couple of years for a pilot, six months for a flight attendant, six i think we should pay special attention to that. We should not do that and lose all leverage to do Everything Else we have in the bill, which is to crush the virus, honor our heroes, put money in the pockets
Else, stimulus optimism. Pelosi and mnuchin are set to speak again. Airline stocks are up. Plus the race for a cure and treatment for the coronavirus. Shares of regeneron and eli lilly are rallying, both asking the fda for emergency use approval for their antibody therapies. And speaking of surging, look at shares of ibm this morning, moving up on plans to spin off its it infrastructure unit Arvind Krishna and Ginni Rometty will both join us first to discuss this historic move for the company. Carl we are awash in headlines from the president after this 55minute interview. But buried in there are discussions about the progress of stimulus talks and emergency approval for the likes of lilly and regeneron. Look, i think that there is a narrative that were going to start hearing and it was the president s narrative, he voiced it, i know if youre george ancopolous, you dont want to hear it is a cure. You want to hear it is something that is part of a cocktail of things that you need to be