Businesses stay afloat until we get a vaccine . The market doesnt remember, which is why it got crushed today. Dow plummeting down. The s p plunging 1. 16 and the nasdaq sinking 1. 3 , nice comeback there forget another bailout there is another possibility of a Government Shutdown next month. Stocks have been getting hammered for sometime now as i listened to the talking heads today, i was kind of autohear them suddenly recognize that the big tech names act terrible. Like wow, holy cow these are down a lot we better sell i mean, of course they were also acting terribly last week and the week before so a bounce could potentially be in the offering one held by the amazing rebound in apple which at its lows today was down 25 from highs earlier this month. Apple led the nasdaq 100 from morning oblivion drenched in red to bright green in a strong rally that nobody is taking seriously except for me. Before i get into where were headed, you need to understand why this moment is perilous for s
Hes down right unamerican. And the politics behind a Coronavirus Vaccine. We may have a vaccine bef where it stands as it enters the home stretch. Unprecedented pledge. This morning nine of the worlds top drug makers joining forces vowing to deliver that vaccine only when its safe. So when will that be and who will get it first . The ceo of pfizer joins us live for an exclusive interview. Oneonone. Michael cohen, President Trumps former lawyer, speaking first to nbc news as his bombshell book about the president is released. The actions that i was performing for my boss were morally wrong. What hes saying this morning about the president s behavior behind closed doors. Those stories plus 15 million putt. And dti a dominating performance. Today, tuesday, september 8th, 2020. Announcer from nbc news, this is today with Savannah Guthrie and hoda kotb from studio 1a in rockefeller plaza. Hey, everybody. Welcome to today. 7 00 a. M. On the west coast. So happy to be back after the long Holi
It is a little unusual for the secretary of state to be involved in politics of any shape or form, but it sure does sound like good theater and im anxious to see if youd see it. David ok, many thanks. You will be back with us tomorrow night. We will have live coverage again of the second night of the Republican National Convention Starting at 10 00 p. M. Eastern time. As we said, secretary of state mike pompeo will be appearing from jerusalem as well as First Lady Melania Trump headlining the night. This is coverage of the Republican National convention on Bloomberg Television and radio. Welcome to Bloomberg Markets asia. Asia looking set for gains after wall street extended its record run, investors increasingly optimistic for a virus vaccine and that the Global Pandemic will not drag on the recovery. One progress,e the u. S. And china held trade talks and say they have made advances and both sides insist they are committed to the deal being a success. Rishaad and the Republican Conve
Second term. The president also receiving , the companytok suing the federal government. Lets talk about how the markets are digesting this. Abigail doolittle running us. Joining us. Apple has been one of the companies driving the rally and apple just notified some employees that they plan to reopen a number of retail scores by the end of august. Walk us through the day. Again, recognize. Hopes about a fast tracking of the vaccine and treatment. Abigail lots of optimism. The s p 500 up for a third day. While it is nice to think that it has some of the do with the fast tracking of the vaccine and plasma therapy, it is interesting that the only major nasdaqo close down, the biotech index. The nasdaq 100, the new york faang index. Course if youof own that stock into the close today, you are eligible for the 41 split which will take place next monday. That does not create any value but it seems that it is somehow more attractive. Certainly attractive, the fact that they plan to reopen some
National security and tiktok says it is pure politics. And the official nomination of President Trump at the republican convention. He says his opponents want to steal the election. Haidi we have again u. S. ,arkets with fresh record highs a little relief given expectations of the fasttrack process when it comes to vaccines and therapeutics as well. The s p 500 notching another alltime high, there is optimism the virus will not hamper growth. We are seeing a muted session on it comes to the futures sessions, flat at the moment. Little negative when it comes to the start of trading in asia. The nikkei to do five trading in chicago seeing downside about 1 10 of 1 . Dollaryen holding. The biggest declines in the g10 space was the kiwi and looney. We are also watching the price of crude as we have twin storms approaching. 80 of refinery output in the gulf of mexico has been halted, potentially seeing some impact when it comes to crude prices, which did rise, gasoline hitting the five month