Growth is slowing down due to the outbreak across the sunbelt. We have been at one point up 6 . Were now up 0. 7 . At one point we got to the highest level since the pandemic began. Ahead on todays show, stocks seeing a big rally to start the week Jeff Rosenberg of black rock says the bond stock model does not work in this environment he will join us to discuss where hes putting his money to work right now. Plus, entertaining in the age of coronavirus. Well speak with pitbull about how artists are navigating a World Without live events, and his efforts to help latino businesses lets focus in on the big stories with 59 minutes left of trade. Bob pisani tracking the action phil lebeau is watching the surging stock prices of electric vehicle makers joining us with his thoughts on the race for a vaccine and the biotech name is michael ye from jeffires start us off with the market with the dow up 400. We have had a remarkable run in the last three weeks or so, sara, with mega caps, semicond
Marketmoving news from all around the world. From beijing to london to istanbul and washington. Our bloomberg voices are on the ground with this mornings top stories. Worry going to start now in the middle east. Syria sending Government Troops to the north after u. S. Withdrew forces in the area. Mr. Erdogan is down playing the threat of an escalation. Whats happening in Northern Syria, whats the risk of a clash here . Reporter were hearing that Syrian Forces are teaming up with the kurdish rebels after the u. S. Allies abandoned them. And now theyre moving towards the Northern Syria where Turkish Military operation is taking place. However, turkish president has down played the risk of syrian and Turkish Forces clashing. Saying that the russians are mediating between the two nations. And weve just heard from the Turkish Defense minister. He says y. P. G. Kurdish militants have emptied a prison for isis suspects who then fleed. Now of course this is a very Troubling Development because
Heading towards louisiana. Not pictures we want to see. David and it can really affect oil prices. A lot of facilities are closing, offshore platforms, and it oath course will reflect refineries. Alix we see people taking taking boatspeople down streets. Meanwhile, we have near record highs on u. S. Equities, trying to push higher to get back to those highs for the nasdaq. Euro gaining just a touch versus the dollar. 30 year yields unchanged after yesterdays really violent session, a real increase after a bad option. Crude prices climbing a bit on the storm and geopolitical tension. David it is time now for the mooring brief. Eastern,his morning ford and volkswagen will announce details on their big on electric and on most vehicles. On00 we get u. S. Ppi Autonomous Vehicles. At 11 00 we get u. S. Ppi data. Angela merkel joins Emmanuel Macron in paris. And we get important economic from china, including gdp growth. Now we are joined by rachel evans, who heads bloombergs etf coverage, an
The United States have. Mposed extra sanctions we will be discussing the possibility of further sections on some of the Syrian Military figures and on some of the Russian Military figures who ine been involved coordinating the Syrian Military efforts. Johnson has canceled a planned trip to moscow over the conflict. It russians call the decision to cancel absurd. Egypt, the president is ramping up the fight against terrorism after deadly bombings at two christian churches. ,t least 43 people were killed the Islamic State claimed responsibility. A threemonth state of emergency in a new antiterror unit with sweeping powers. Global news 24 hours a day powered by 2600 journalists and analysts in over 120 countries. This is bloomberg. Live from bloomberg world headquarters, im vonnie quinn. Max im joe weisenthal. U. S. Stocks are trying to hang onto small gains. Joe the question is, whatd you miss . Vonnie investors looking for forward guidance. Livell take the remarks from the university of
Holding a sign that says je suis charlie and the words all is forgiven about it. Wrong material on the bloomberg commodity index, the index now at its lowest level since 2002. Meanwhile, the world bank has cut its forecast for Global Economic growth once again this time, saying they see 3. 4 growth for 2015. World Bank Economists say the Global Economy is being pulled up by the u. S. , but that is not enough. Oil is extending its losing streak. Prices fell for a fourth straight day, down almost 2 . West texas intermediate trading for a little more than 45 a barrel. Wti briefly traded higher than brent crude yesterday for the first time in a year and a half. Uae and kuwait both predict this will last until the second half of this year. Government reports it is likely to show that u. S. Oil stock prices rose last week. House republicans are taking aim at president obamas immigration policy today. Lawmakers will vote on an amendment to bill funding Homeland Security. House Speaker John Bo