Many of indices. The nasdaq is 3. 2 higher. We are also seeing a recovery for oil. We are still below 40 per barrel. The vix is up there but well below 30. For all the recent volatility is favorable for some investors, lets welcome our first guest. She is managing director and head of longshores equity. Talk to us about the strength of a strategy these days. It has been a couple of years for hedge funds. What is the driver of this . Thank you for having me. This is such a great question. It is head spinning which way the markets are going to go. There is daytoday volatility. We have the election, a vaccine, theres a lot of volatility in this market. Whats important for strategies most importantly is dispersant. To see winners and losers. Short Equity Strategies struggle predominantly more because of the short book. It was the short book that was a challenge in this rising market. Accelerate to where we are today in the cycle and where we are today in the pandemic and we have real oppor
Living up to its side of the nuclear agreement. The u. S. Announced new sanctions this week and warned tehran would face consequences for breaching the spirit of the deal. It is official. The u. S. Government is banning americans from traveling to north korea. This comes after Otto Warmbier died after being in prison there. He was in a coma when he was flown back to the u. S. Where he died. Global news 24 hours a day powered by more than 2700 journalists and analysts in more than 120 countries. I am Alisa Parenti. This is bloomberg. Bloomberg technology is next. Emily i am emily chang. This is bloomberg technology. Coming up sean spicer steps down , as White House Press secretary just after Anthony Scaramucci is named president Trumps Communications director. We have the latest on todays big white house shakeup. Plus, chinas master plan to lead the world in Artificial Intelligence. We dig into beijings new ambition and how it plans to invest 59 billion. Generate 59 billion in output by
TikTok parent ByteDance remains the world’s most valuable unicorn, topping Elon Musk’s SpaceX in the second spot, but China appears to have lost the edge it held before the pandemic.