Absolutely extraordinary. Thank you for joining us on Bloomberg Radio and Bloomberg Television worldwide. What have we got . Mcdonalds just out with a dividend increase. Ibm with a seismic restructuring. Morgan stanley to take out the venerable eaton vance of boston. On and on we go. Guess what . None of it matters. Someone speaking to maria in two minutes. Jonathan the present will be on fox news. I imagine he will have a reaction to the next debate being virtual. That news out from the commission on president ial debates. Tom i really want to bring up this story, below the fold on the internet sites, but our Jennifer Jacobs reporting that the head of security for the white house is gravely ill with this horrific virus. Really a difficult illness as well. It is amazing how this virus story in the debate last night, commenting ondent this debate. Jonathan the president tweeting, saying that this is not a separable. He is looking forward to doing rallies. He is feeling goods. Those comm
Americans and ongoing battle of stimulus this morning. Heavy haters, walmart, home depot and kohls reporting Quarterly Earnings, we have all the numbers and impact. Lets check numbers, we are looking at a firmer tone, futures indicating a gain at start of trading, about 55 points nasdaq with record close yesterday adding to it this morning with another gain of 35 points. S p 500 ending the day yesterday less than 5 points away from a new record high close when the dow was down 86 but the nasdaq was up 110, the race to acquire tiktok, stock is surging this morning after reportedly throwing its hat to the ring and what it means to microsoft and ongoing battle this morning. Oracle shares up 2 and a half percent. Men being told not to have one alcoholic drink a day. Whats behind the warning . Mornings with maria is live right now. Ftse 100 up 11, cac quarante up 17 and dax index in germany higher by 66 points. European Central Bank President warning banks arent likely to fullery recover fr
Well. International relations and politics, we havent talked enough about the markets today. A risk on feel. Is the so interesting idea of finally, a shift away from the factor of Technology Toward the factor of smallcap, the factor of Something Else besides that point amazon. Jonathan for a whole two days besides apple and amazon. Jonathan for a whole two days as well. S p, days of gains on the within 1 of alltime highs. I wonder if that is one of the whys that they cant get it together down in washington because this market is giving them very little pressure to get some thing done. Tom certainly come a President Trump is hardwired to the market. Lisa, you mentioned earlier the idea of a highyield bond under 3 . Do you detect a bubble in bonds, or is it simply a reaction of outcome from all of the stimulus and fed action . Lisa i am not going to say it is a fed bubble. I have other people that will come on and weigh in on that. But when do relative returns stop mattering and absolute
Bloomberg television and bloomberg radio. Morning across this nation. All of you working at home, and good morning around the world, particularly in liver, great written Great Britain in liverpool, Great Britain. I want to get to the pandemic in a moment, but in Francine Lacqua conversation, i dont know if they brought of negative rates. Do you see negative rates in the United Kingdom . Jonathan if they couldnt negative Interest Rates, it will be up to the bank, not rishi sunak. And i hope it does not happen. Some policymakers have flirted with the idea over the last liverpool,ks area on saymichele texted me to hes very happy that his dear livable that his dear liverpool are now the champions in the merely. Cash in the premier league. Tom that gets us to the story of the moment, which is the pandemic area i was fascinated by the images in the telegraph in the times. Explain to us the oddity of seeing absolutely packed beaches in the United Kingdom, much like what we saw in florida. Jon
Protests and the fallout from joer george floi, but the market and stocks are focused on Economic Activity, period we just keep getting good news its good news off very lowered expectations whether it be cheesecake getting a lot more people than they thought or the airlines this morning. American saying good things. Whether it be ebay pronouncing right now things are better than expected whether you talk a look at a lot of the companies that, you know, morgan stanley, gm, of course this quarter was the weakest, but maybe next quarter will be the strongest. We have a number of Oil Recommendations saying they have come all the way back. So the street is really bullish. After being very bearish you see a lot of price targets that were cut severely are now going back up. Its a kind of dont fight the trend where the most overbought we have been since 2009, but if you go back to 2009, we were up 11 on the s p. We had great period after. People are fighting the tape if theyre selling. How abo