David and how they stay there. You do not feel inadequate because being only the second wealthiest man in the world, right . Everyone has no doubt used bandaids or tylenol. Those products are wellknown products produced by Johnson Johnson. Johnson johnson is also a giant in many other areas, and its now taking a leading role in preparing a vaccine for covid19. Its ceo is alex gorsky, a west point trained former military man who has done an incredible job over the last eight years making this company the most valuable Health Care Company in the world. Now, some people say the most commonly spoken words in the english language today are can you hear me because of the zoom phenomenon, but i assume in your case, the most commonly asked question of you is when is the vaccine coming . So you must be getting asked this every hour on the hour. Why dont i just do this as well . When is your vaccine coming . Alex its usually about every 15 minutes, actually, that i get asked that. Let me start b
In china. China rolls out its fiveyear plan, promising to build a tech powerhouse. Coming his party also wants greater sustainability. At the ecb says more stimulus is coming as eu governments proposed new virus lockdowns. It says bond buying and support wont seize until the covid wont cease until the covid crisis dies down. Shery quick check of the markets, u. S. Futures coming online under pressure, down 1 after disappointing markets in earnings. We managed to end the session higher by more than 1 , s p 500 gaining the most in two weeks. We had strong data to surge Third Quarter u. S. Economic growth and a decline in weekly jobless claims. That recovery in the u. S. , setting us up for a recovery in asia as well. Look at new zealand trading at the moment, ever so slightly higher, asx futures pointing to a gain of. 4 , reversing declines of 1. 6 we saw thursday. Nikkei futures pointing higher, a little weakness though in seoul. Top story, plenty of action after the bell in the u. S. W
Everyone has no doubt use bandaids or tylenol. Those products are wellknown products produced by Johnson Johnson, but Johnson Johnson is also a giant in many other areas. It is taking a leading role pairing a vaccine for covid19. Its ceo is alex gorsky, a west point train former military man who has done an incredible job over the last eight years making this company the most valuable Health Care Company in the world. Some people say the most commonly spoken words in the english language today are can you hear me because of the zoom phenomenon, but i assume in your case, the most commonly asked question of you is when is the vaccine coming . You must get asked this every hour on the hour, so why dont i do this as well when is the vaccine coming . Alex its usually about every 15 minutes that i get asked that. Let me start by saying i could not be more proud of the incredible work that our scientists and engineers have been doing over the past five months to put us in the position we are
Lets get into some of the burning issues. With me today are sonali basak, adam tempkin, and natalie wong. The total value of u. S. Buyouts has fallen 25 through october compared to the year last year. Why are private equity firms not putting more of their cash to work . Sonali one reason you can think of is valuation. Morgan stanley has pinned the first half of the year as the highest since 2000. Equity valuations are high but leverage levels are also high. One way that private equity firms make a return is by delevering the companies they invest in. Lisa are we expecting to see a pickup in a number of lbos next year . Sonali people are waiting for valuation to come down a little bit. Only so long you can hold onto cash. Everybody is looking at Warren Buffett, wanting him to spend more. Until that happens, until people get comfortable with the debt markets, youll not see it come back. Lisa even Warren Buffett tried to bid on a deal but got outbid by a private equity firm. He said, i do
Years end after more than 30 years with the chicago pd. All eyes will be on china and madrid. Almost 200 countries will be there for the United Nations climate talks. China is in focus for several reasons as the largest investor of Renewable Power but also the worlds top carbon polluter. Global news 24 hours a day, onair, and tictoc on twitter, powered by more than 2700 journalists and analysts in over 120 countries. China is im Mark Crumpton. This is bloomberg. It is 1 00 in new york, 6 00 in london, 2 00 a. M. In hong kong. Im vonnie quinn. Welcome to bloomberg markets. From bloomberg World Headquarters in new york, here are the top stories we are following on the bloomberg and around the world. Checking the pulse of americas factories, manufacturers feeling the pain as ism data contracts for the fourth straight month. U. S. Stocks in the red. The s p 500 heading for its biggest drop in two months, as President Trump says he is resuming steel and aluminum on brazil and argentina. On