Good thursday morning im Carl Quintanilla with jon fortt and Julia Boorstin is with us for the hour. Stocks in a whipsaw range, down a couple hundred up 100 here. S p 500 up 25 or so after the dows near 1,000 point loss yesterday. Worst day since june on pace for the worst month since march. But then you get a stock like pinterest. Good guide coming up, going against the grain. Julia, remarkable price target increases. Basically doubling what some analysts saw the stock trading to yeah. A lot of positive responses to those numbers there. Really a beat across the board, carl what is so interesting to me is what we saw in this quarter from pinterest is last quarters results were not just a blip but that this is a company that could stand to benefit over the long term from some of these trends were seeing during covid19 there is some surprising, funny Little Things like the fact that pinterest grabbed four million new users due to the fact that people are going to pinterest to find inspir
Arrows dow futures indicated down by about 260. Weve seen down 300 this morning. Nasdaq also down sharply down by 200 points and the s p 500 down by about 37 so significant declines after two other days of losses also playing out in the treasury markets as well. If you want to take a look at what is happening there, yields have gone down, right now the ten year is yield iing below 0. a lot of this has to do with renewed lockdowns in europe. Lets get to karen cho who has more on what is happening there. Thank you very much we are witnessing losses across the markets as we contend with more news flow around more severe restrictions. Weve been hearing the last couple hour 24s that there may moves announced later on today, reports from various Media Outlets suggesting that london will move to a tier two restrictions the london mayor has spoken suggesting that the Health Secretary will reveal the changes in the house of commons. No mingling between households currently there is a rule of si
President , he has announced hes free of the virus in immune and up dressed in airport crowd in florida today. This is important, the virus and how to deal with are central issues of the election. The president is taking the lead in opening the economy and returning to work in promoting the successful treatment, that is important stuff. Meanwhile joe biden always wearing a mask except for when hes coughing is bogged down with questions about packing the court in fracking, he will hold to events in ohio, lets see if he answers as important questions. Lefthand side of the screen, Supreme Court hearing for Amy Coney Barrett started an Opening Statement the judge said she learned from her mentor, Justice Antonio scully out. A judge must apply the law as written, not as a judge wishes it were. Vice president ial candidate Kamala Harris will participate virtually for safety reasons. Lets get to the market, the dow industrial is up for 50 on point, the s p up 20 thereabout look at the nasdaq,
But you were talking about the dow being in positive territory for the First Time Since september 2nd. Stocks in china reopened after a week long Public Holiday they both jumped by more than 2 the shanghai composite was up by 2. 6 lets take a look at where things stand right now in europe where there is some trading taking place you can see the markets are open there and theres a bit of a mixed picture. Its actually a little bit higher ftse 100 is right around the flat line, andrew. Hey, becky. Weve got so much going on this morning. Weve got this is squawk planner, two major tech events first amazon sales day it begins after it was postponed, if you remember, back in july. Now running two days, starting at midnight tonight eastern time so watch out for that. Ive already scheduled it and then Apple Holding the big event tomorrow the launch event expected to unveil the new iphone. Everybody looking for the new 5g iphone it will include the first major exterior redesign since 2017 and we
That runs the debate said the event would be virtual. Mr. Biden says he would take questions directly from voters on october 15 and is asking the Debate Commission to move the debate to october 22. The president says a virtual faceoff is not what debating is about. Mr. Biden says the president is trying to evade accountability and does not want to face questions about his failures on covid and the economy. 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 in new york 6 00 p. M. In london, and 1 00 , a. M. In hong kong. Im vonnie quinn. Welcome to bloomberg markets. Here are the top stories from around the world we are following. The move toward a steady business. Morgan stanley announcing that it will by money manager eaton vance. We will talk to mike mayo about the acquisition and what is ahead for big Bank Earnings. President trump says he w