Gods of silicon valley. Plus, amazon launches a digital pharmacy that includes discounts and deliveries for prime members. It promises to upend the pharmacy business as we know it and may smell may spell trouble for thousands of small pharmacies across the country. Plus, what are your children watching . A new study finds if it is childrens content on youtube, it is probably littered with ads promoting violence and providing no educational content. New cases ofrge in covid19 and lockdown measures. Pharmacy stocks took a beating after amazon announced it is getting into the pharma business. Markets generally and the day down but it was a big update for amazon. How much influence did that have . Abigail lots of great headlines that you were mentioning. It was a fairly quiet day. It started risk off and ended mildly risk off with the s p 500 index down about half a percent. Betweenaq flipflopping gains and losses. At the end of the day, a very small loss. At the end of the day, amazon up
Been this year. Atcoin racing ahead, sitting a price level we have not seen since nearly three years ago. But, maybe investors taking a pause is the right thing to do. Sales u. S. Retail reminding us that another round of stimulus has not yet been passed. Sales gained. It is a tugofwar between vaccine boom and virus gloom. Joe things are not great in the short term. In the longterm, the vaccine making people optimistic. A lot of this bullishness reflected in the bank of America Monthly Fund manager survey. This tends to happen. Stocks go up, people get the list. This is the percentage of respondents that say they are overweight equities. 20e is a chart going back years. Half of respondents saying they are overweight. Very bulledlearly up. This past year, so much residual skepticism, lockdowns, election risk. Excuses to stay on the sidelines. One by one, those excuses have fallen. Now, all of a sudden, everyone is bullish. Like the lastems few times we reached this type of enthusiasm, e
Francine one week to go, biden picks up his campaign pace as the senate hands the Supreme Court judge confirmation to trump and republicans. Syphilis Nancy Pelosi Nancy pelosi and Steve Mnuchin failed to make a deal. And chief executive noah quinn cast credit losses. Paybank aims to conservative diffidence. Welcome to bloomberg surveillance. Tom keene in new york, im french on the quad and london. That Francine Lacqua and london. We have hsbc, we talk about dividends. Bp saying it will be a very volatile couple of quarters ahead. Tom the pandemic overlay was still ahead. That was the theme yesterday, far more than the election, it was certainly the talk of new york. Every conversation was about a reinventing of the pandemic. Thee going to try to put nearlyhrough today, not as much damage as you would we are witht here futures up six. Francine and what is also significant is a lot of european countries, there seems to be a backlash against governments that are trying to put too many res
Services, bundling, tv, gaming options, along with a new Fitness Service which will work in tandem with the watch. For tiktokcles bid undergoes a National Security review. Oracle does not offer compensation to the u. S. Government as president from amended but does promise to create 20,000 new jobs. Tech was up on the day but also or volatile. Why was that . Sarah the Third Straight day of gains for the s and p. The nasdaq, the second straight day of gains of more than 1 . A strong day for tech. Some of these biggest faangbutors, your classic names. Microsoft, facebook, amazon. This even after Kim Kardashian said she would freeze her facebook and instagram accounts starting tomorrow. Facebook still up more than 2 . Microsoft staging a nice gain of 1. 6 today. We are still dealing with the aftermath of nasdaq falling into a correction. The nasdaq is still about 8 or so off a record. If you look at 2020 and the performance, it is unbelievable. Emily apple, first it was up, then down, the
Quickly. And staying strong. The worlds top iron ore prices are among the highest out of china. Shery lets get you started with another check of how markets are trading at the moment. Futures underu. S. Pressure as stocks fell to the lowest level in two weeks. We are seeing it down 0. 7 . Than 2 ,00 lost more same for the dow and the nasdaq. The dow losing more than 700 points. We had the sharp increase in virus cases, adding to economic anxiety. So risk off positioning was very strong last week. We did get positive data over the weekend, signs that the chinese economy is continuing to recover and profits rebounding in may for the First Time Since november. Take a look at what oil is doing because it continues to fall. Actually, we saw a second week of declines, the second weekly decline since april. We continue to have these lower prices after a cautious rebound, now headed towards 37 a barrel for wti. We also had chesapeake filing for bankruptcy in the u. S. , one of the biggest vict