70,000 for the First Time Since july. In europe, it is dark. France, italy, along with other countries seeing daily records. Today we focused on what this means to your money. There might still be time to find a potential haven. Wholee are going to get a slew of Economic Data next week. The covid numbers, how is that going to affect the future recovery . Joe we had a second wave in the summer if you want to call it that in sun belt states. We are seeing this third wave really hitting the midwest hard. The economy has recovered even as covid has picked up. Clearly this has a dampening effect on activity. The longer this goes on, the worse it gets, not good. Numbers continue to surge in the u. S. Europe looking very bad. Than inf cases higher the spring. This is very much still with us. Romaine and those pmi surveys out of europe provided some potential taste of what is to come for the rest of the world. We saw manufacturing in those pmi surveys. Line going is services. That is the conce
Should be appointed to probe unsubstantiated allegations against hunter biden. The president wants an investigation started before the election. Airport isathrow offering passengers a rapid coronavirus test with results in one hour. The tests are available to those flying to hong kong and italy. Those are two other destinations requiring travelers from britain and other countries considered high risk to provide evidence of a negative test result 72 hours before departure. The European Union is pledging 51 million to help three african countries suffering from famine. United nations is hoping to raise 1 billion to tackle the humanitarian crisis in burkina faso, mali, and niger. U. N. Says a record 2 Million People in the region need help, most of them children. 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 l
Its also an area of the country thats been back on rack in terms of economic rebound. Right. I remember seeing the pictures of the lockdown, it was easing and going into apple stores. One of the times of normality. See the stock selling off a little bit, down 3 but obviously in the grand this of things for year and in the context of how well this company is operating right now, really bad. Oo too bad here. 73 cents versus 70 and total came in at enue 50. 15 billion slightly estimates. Nevertheless, interesting reaction in the market, joe. Apple e on this and in particular lets bring in Bloomberg Intelligence enior analyst for semiconductors and tech hardware, thank you for joining us. Ere all looking at the headlines at the same time but so far based on what youve seen what stands out . Mean, look, this is an okay quarter. Im more interested in what will ber commentary on the iphone 12. We had pretty strong follow through into the calendar, even 1q. We have pretty robust expectations f
Poster children for growth. Today we are going to take a shot of these Growth Stocks. See if he could be a signal of the rotation away from growth and towards value. Notable today, Energy Financials outperformed. Are warming to the possible switch after the u. S. Elections. Netflix declined today. Could it be a precursor of things to come . Joe it is finally happening. October 20, finally the great rotation. Who knows . But one thing is clear. Netflix had an absolute boom with a huge surge of people that didnt have anything to do, so they got netflix. That is slowing down. The stock is down. Romaine you joke about this being the day. The fact that you said it out loud, maybe it will be the day. But you take a look at this next chart and we have seen a little bit of that value trade catching up with the tech trade, the growth trade. That bottom line there, the vanguard etf. Little bit of a catch up here. I guess the question is whether this is going to be a sustained rotation. Joe if to
President macron criticizing erdogan for his insertion a regional power. Jinping, president xi opened a meeting to map out the countries next fiveyear plan. It could push the economy passed the United States within a decade. The latest roadmap will center around technological innovation, economic selfreliance, and a cleaner environment. 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, 5 00 in london, and 1 00 p. M. A. M. In hong kong. Im vonnie quinn. Welcome to bloomberg markets. Here are the top stories we are following on the bloomberg and from around the world. The s p 500 heading for its biggest decline in seven weeks. Thanks to surging virus cases, the stimulus logjam, and general malaise. Virus cases rising in the midwest and the potential for fresh lockdowns already happening in europe is driving investors to sell.