The hardest hit nation is iran. Nearly 22 thousand people there have died from covid19. Spacex has placed 64 more satellites into orbit. A rocket took them into orbit from florida. It is the 12th the batch of satellites for the companys broadband network. Rocketalso recovered the booster with a controlled landing at sea. 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. In just a few moments, and inclusive interview with bill ackman of Pershing Square, an update on the spac and the market turmoil. Lets get to the markets. The vix today is above 30, the worst day for the nasdaq 100 so far since march. The nasdaq down 5 . The s p down 3. 5 . The dow down 2. 7 . Several individual companies have been doing extraordinarily well such as d
Lows the ceo will be here to tell us how he and his company delivered. Plus the university of arizona claiming it has found a new way to prevent covid outbreaks, testing the sewage coming from dorm rooms president Robert Robbins will join us, as power lunch begins right now. I cannot wait for that story. We wait for the beige book from the fed. Dom chu has more on the markets. So the dow is up almost 300 points at this stage, the highs of the session more importantly were keeping close to dow reclaiming record territory. Anybody who has tuned into power lunch or cnbc in general the last several months knows we continue to make these record highs with the s p 500 gold star there. The nasdaq always creeping higher here. Believe it or not, that 12,000 market was hit early today it open up at 12,050, roughly that level just to put things in perspecti perspective, if you look at the nasdaq over the last year, from the lows we saw up until where we are right here, were talking north of 80 ga
, warning a significant backer for years to come. Secretaryse cabinet pledging to maintain policy if he wins, but says more can be done. Lets get a quick reminder how u. S. Stocks ended. The s p closing at a fresh record. This in the face of warnings of a k. G. Recovery and pessimism relief bill. Tesla dropped as much as 15 after Bailey Gifford cut its stake. We are seeing s p under pressure. Lets check in on oil. Below 42 after slipping to a three week low with upcoming refinery maintenance weighing along with a stronger dollar. The greenback rose the most as the euro slips positioning. Technicals are favoring abounds in the dollar, according to scotia bank. We are shaping up in asia, futures pointing higher, holding above 106. Yoshi keeping big stimulus going in japan. We will be watching chinese tech giants after india banned appser sets set of including baidu. Drivers fueling performance of chinas big tech stocks from march lows. The rally has been broader on the mainland than in t
In the food chain supply . My colleagues ben leveson, carlton english and jack howe. So the worst month in the markets since the great depression, april the best month in the market in 33 years. Can you explain the schizophrenia and explain to viewers why the market and the economy can seem to be going in different directions. This is kind of what the market does. Its forwardlooking. So its looking to deterrence and whats happening next. When the market was falling apart in march, nobody was saying, oh, look how great the data was in february that. s kind of whats happening now. In april we got this bad data, but we knew it was coming. And there was some good news this month. The number of coronavirus cases slowed. We have some states that are reopening, even possible treatment that might work meaning that people get sick, they can go and its not going to be as bad as it might have been. And this is all good news that the market was responding to. Hey, ben, i see plenty of good news, i
In the food chain supply . My colleagues ben leveson, carlton english and jack howe. So the worst month in the markets since the great depression, april the best month in the market in 33 years. Can you explain the schizophrenia and explain to viewers why the market and the economy can seem to be going in different directions. This is kind of what the market does. Its forwardlooking. So its looking to deterrence and whats happening next. When the market was falling apart in march, nobody was saying, oh, look how great the data was in february that. s kind of whats happening now. In april we got this bad data, but we knew it was coming. And there was some good news this month. The number of coronavirus cases slowed. We have some states that are reopening, even possible treatment that might work meaning that people get sick, they can go and its not going to be as bad as it might have been. And this is all good news that the market was responding to. Hey, ben, i see plenty of good news, i