How he plans to wipe out the disease. Still, no concession from President Trump who has been flooding facebook and twitter with unfounded messages that the election was stolen. Expecteddministration not to play so nice with big tex. Expect more public engagement, public oversight, and regulation. Those stories in a moment. Paring gains. Ocks markets widely mixed at the end of the day on a bit of an ugly close despite intraday record highs. What are we seeing here . Abigail if you had a dollar for every time i said this, you would have a nice pile of money. It was another wild day. Stocks surging out of the open. The dow up nearly 6 . Russell 2000 hitting its first record high, more than 6 . At the close, we had stocks pullback to some degree. Up. Dow closing where we had losses, the nasdaq 100 down 2. 2 . The faang complex, those make a cap stocks, down 3. 2 . The reopening trade clearly doing very well with pfizer which itself was up about 8 on that vaccine. Certainly a light at the e
The bigger question is will they continue to buy the dip knowing all of the information they know. The volatility, the uncertainty around the election, the stimulus, plus the fact that some of the august move up first stocks had so much to do with options. Some encouraging signs relative to the idea that the virus will stick around. The vix is down, suggesting investors are less worried. We have bonds down on the day. From across asset class standpoint it is risk on. A littlettle david bit of risk on. What are the bread comes the markets may be leaving behind. The dollar is not moving much. Is there any indication what comes next . Abigail if we were to take a look at volatility indicators, that is what stood out over last couple of weeks, some of it having to do with options activity that pushed stocks higher. That is where you want to look. The nasdaq 100 vix are both down today. There are signs volatility could move higher. Another tell is an index not looked at by many market watch
Good morning, everyone, and welcome to bloomberg surveillance. Inm Francine Lacqua here london. Happy thursday. Lets check in on the markets. A lot of focus about the turkish keene is alsom all over. He is really on what could happen in the near term. Apart from the turkish lira, there is quite of lot going on, and stocks are dropping in much of the world after the fed signaled continued concern on the pandemic, and that is weighing on the worlds biggest economy as well as treasuries advancing. The other thing i am watching out for is daughter holding, gold edging higher, and then we not need to talk about wheel, declining from a high after the fed and opec both sounding cautious we need to talk about oil. And lets get to the bloomberg first word news. We start with china, which says it is planning to hold talks after last weeks talks were canceled by donald trump. This is six months after the pack. The russian opposition leader, navalny has fallen ill, allegedly due to poisoning, unco
After 10 00 this morning. The p has been calling for rate cuts and more of them, the reaction was essentially they didnt do enough. This is the president s tweet, the Federal Reserve shut asking, further ease and come into other countrys competitors. Were not on level playing field. Not fair to the u. S. Finally time for the Federal Reserve to lead, more easing and cutting. After that, jay powell gave his press conference, 11 00 here on the east coast and the chair of the Federal Reserve was asked whether or not there was any political pressure for this move. As he has, time and time again, he said no. Here was powell from earlier today. Well always make our decisions in the interests of the American People to Carry Forward and try to achieve mandates congress has given us and were never going to consider any Political Considerations whatsoever. We will not do that and it is very important that the public understand that. Reporter right now here in washington President Trump is speakin
Our panel tonight, capri caforio, steve moore, carol roth and jonathan hoenig. Well have the latest on ground from the key locations, were moments away from brandnew voter analysis, first read on how voters are responding to issues that matter most. But first we go to Connell Mcshane in North Carolina. The state is up for grabs with sanders and biden and bloomberg garnering support, what is the read from where you stand . Connell people dont know, i tell you joe biden had a huge night in South Carolina saturday night, in North Carolina, membership of the voters here, have voted early, how they make their decision visavis biden performance and how much momentum he carries to this state remains to be soon. Really people are wondering whether this shapes as a oneonone race today between Bernie Sanders and former Vice President. One of the things we will watch, in terms of wild cards that could play into that. Further Mike Bloomberg he is on ballot for the first time is a major factor well