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.
Biden. Last ditch support efforts for both candidates moving at breakneck speeds. And digital gold. Cryptocurrency on demand with rising prices for bitcoin. You can crypto a lot of things, but dont call it currency yet. Rising aftertocks resuscitated hopes for a spending package. The nasdaq had a modest game game. Abigail doolittle is in new york. Abigail another choppy day. We have not had one day this week when we have not had stocks up and down throughout the day. There has not been when they were that has been the case. We have seen a lot of intraday whipsaw. Investors are pretty nervous. Some uncertainty. The s p 500 is up after spending most of the day down. Up about 0. 3 . Two down Sectors Energy and tech. Not surprisingly, tech being weighed on by intel. The stock one of the only indexes on the date of fall. Day to fall. Data center sales missing down 10 year over year. The guidance tepid as well. At the end of the day, it was a choppy week. Investors dealing with lots of uncer
Mornings. Mid to upper 50s and near 60 at the coast today with the least amount of sunshine and 70 to 76 at noon. 73 to 81 bay and inland by 4 00 with those low clouds giving way to just a few high clouds but grab the sunglasses, youll still need them. A warmer weekend forecast coming up. Heres kumasi. Thank you, mike. Right now we want to take you out to breaking news in oakland. This is at a live look at a fire that burned a building. You can see it the smoke behind this fire truck. This is on Martin Luther king jr. Street and we know this fire started around 3 00 this morning. The roof of the building collapsed and then in just the last half hour we could still see the flames coming out of the building and we could see those firefighters on the roof trying to get everything under control. We dont know much about this building, what it is used for or if anyone was inside and we will stay on top of this and keep you updated throughout the morning. Now, to the very latest in the fight
Taken individually they can mislead us but taken together they are like high beams who can keep you from straying into the wrong and dangerous lane [ screaming this was a good day for the bulls. Dow gained 3919 points nasdaq advanced 5. 2 more importantly, though, every single stock, on my go list like the go pattern in football, a go list was up today. Meaning that something very big could be afoot that is highly unusual whats on my goal list im talking about the companies that are doing okay right now. But if the pandemic were to end or be behind us, theyd be putting up breathtaking yearoveryear comparisons and we care about yoy, year over year by the Time Next Year well have found a way back to normal or at least an almost normal situation. And its probably going to happen much sooner than that im going to rip down that list to show you what a go pattern looks like but before that buyers have decided that science will beat covid sooner than expected so youd better get on board or mi
Clears out a little bit. Masks under certain thats what were seeing now as circumstances. The sun comes up over the east Everybody Knows we cant get bay checking out walnut creek. Well be in the low 50s this back to normal without going back to school. Morning. At least our temperatures will reporter and that was senate be comfortable with some parts majority leader Mitch Mcconnell. Of the bay area in the 80s and he is onboard with the plan of near the coast were in the 60s. Saying we have to get kids back to school and we know this will cost money for School Districts any issues for drivers on the potentially having to add more buses, having to hand out masks to people. Roads . The crew on the nimitz in oakland looks like its cleared Mitch Mcconnell says he thinks except for one last crew over at there should be relief bill. 23rd and its not showing slowing on our maps. Kris, back to you. Thats near the bottom of your at least here in california screen. And especially the bay area a a