Temperatures. More than 8400 wildfires have scorched more than 6000 square miles in california since the start of the year but mostly since august. 31 people have died. The judge investigating a massive blast in beirut in august has received a report from the fbi about its own probe of the explosion. Lebanese media says the judges also waiting for similar reports from french and british explosive experts. Nearly 3000 tons of Ammonium Nitrate exploded at the port my killing nearly 200 people and injuring more than 6000, and causing billions in damage. 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 p. M. 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. Day two of questioning for Supreme Court nominee Amy Coney Barrett
29. 89. Areie in the u. S. We getting a bounce because fundamentals have not been in sync for a long time. The s p 500 looking to finish the week higher. Points, well above the 2200 mark right now. Energy companys with a better week for crude. Up to. 5 . We are back down to 64 basis points on the 10 year. The jolt we got from the quarterly refunding announcements seems to be pricing itself out of the market. We will see about options next week and what that does to volatility in treasuries. The dollar index showing weakness today, at 99. 48, to the benefit of the likes of sterling. As you mentioned, 1. 2452 right now. Guy . Guy lets get back to the payrolls number. Larry kudlow speaking to jon ferro on bloomberg earlier on, trying to frame the april jobs anort after employers cut unprecedented 25 million jobs, triple the Unemployment Rate to nearly 15 . Larry this jobs report today is full of heartbreak, is full of hardship. I believe that it will prove to be temporary. The second half
After they wondering if the cost of their spending is paying off. There have her spending their heavy spending is failing to buy a lot of that loyalty. The cost for each download has more than doubled. Compare that to venmo, which has a fairly highly engaged customer base. What that means, it is dragging down all the other things, visa, mastercard, American Express for example. Tencentrship over saying they are allowing visa cardholders to use their visa romaine time now for a look at card in china. What stories are trending across instead of having to rely on the bloomberg universe. Cash, they can use their visa terminal users are reading about the new mcdonalds ceo, who card. Doesnt hold a single share in i am taking a look at the restaurant chain. In may, he sold the entire stake shake shack shares, which are he had accumulated, almost floating today after an earnings 11,000 shares. Miss. 27,900 exercised about the Third Quarter missed expectations for store sales. Options and liqui
S p 500. You are talking about how investors are happy with the fed decision. This chart suggests they may get happier. A chart of the s p 500. We see theseyear, areas of consolidation as the bulls took outcome of the buyers taking out above the 50 day moving average. In may, that bearish action. There was an area of congestion that went to the sellers. The buyers have stepped up in this area of congestion into todays meeting. Broke to the upside yesterday. You can see less than 1 away from alltime highs. Gaining momentum. The s p 500 is confirmed for 30 six, suggesting new alltime highs are ahead for the s p 500 this summer. Emma if you were just watching gold this afternoon, you got a clear read on what we learned from the fed. It approached a 14 month high at one point during the session as investors said that fed would cut rates. Two ways in which this benefits that the fed may be considering cutting rates suggesting that the economy is getting worse. If the times are going to get
Day. Is an exciting i wore my champion ofll the the world series. I figured you would get some slack on that. Historical in so many ways. Know taxk when did you reform could be achieved in america for the first time in 31 years, my answer is always the same. November 8 when President Trump, you were elected president of the united states. When you put together, the great ideas on tax reform from inside and outside congress, i have seen many of you with us. Remarkable leadership and courage from the men and women senate, and the especially my colleagues in the house. , mr. E house and the senate willingness to go across, save the table with us, and on the phone with us, to for yourne, but leadership, you would not be with us today. Thank you so much. And let me finish by speaking directly to the American People. Onre are three days to put your calendar. The first is new years day. On new years, our country will have a new tax code for a new youre a of american prosperity. New years day.