Bloomberg surveillance. We welcome all of you. Markets on the move. Price upcoming yields down. With that away important claims number. Jonathan just a sense of risk aversion. Everything you expect playing out. Ive said it before, i will say it again. For most people come of the gdp numbers are for the economic historians. The payroll claims, the jobless claims are for the traders. Intothe high data folds the ugly gdp report. What do you see within your reading of the linkage of the American Economy into your bond market . Lisa that is what i am struggling with right now. I was looking at the yields, the rate that these companies are charged to borrow money. The yield is almost near a record low at about 0. 5 away. What is the message from that . Economically, how do you connect that to anything going on with the jobless claims, other than just what the fed is doing to stimulate growth . Tom jon ferro, answer the question. How can you have a default dynamic that we have right now . We
Cautiously optimistic that we will have a vaccine by the end of this year and as we go into 2021. Fingers crossed right, we need some help the u. S. Coronavirus case count is now more than 4 and a half million. The death toll across the country has surpassed 150,000. But the nations top disease. Doctors say theyre still optimistic a Covid Vaccine will be approved by the end of this year or early 2021. But they also warned congress that in the meantime too Many Americans are still not doing enough to protect themselves and others from the virus. Kron fours washington correspondent Trevor Shirley has more now from todays hearing. Doctor Anthony Fauci was back on capitol hill friday with a message of hope for lawmakers, we feel cautiously optimistic that we will have a vaccine by the end of this year and if that happens who gets it and when wondered Indiana Republican representative jackie walorski. His a safe to say that every american will be able to get a gives protection with only a s
Liviakis our kron fours michelle kingston is live for us outside San Francisco Police Headquarters with more on where this money. Is coming from and where its going michelle. Well the money is mostly coming out of the Police Departments budget and being reinvested into the black communities over the next 2 years. My goal with these investments. And this change in how we prioritize the black community is simple. I want my story my experience to be the norm and not the exception San Francisco mayor london breed unveiling her proposed city budget on friday where shes looking to reinvest a 120 Million Dollars in funds over the next 2 years to the Africanamerican Community that she says has been unheard in underserved for too long and theres always been a lot of talk and no money behind it you know. In my own personal opinion i am moved by the process and the fact that theres been some allocation the citys Human Rights Commission released a report earlier this week summarizing the findings
Enough clarity on the economy to justify restarting payouts yet. That decision is not yet final. Global news 24 hours a day on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. I am Mark Crumpton. This is bloomberg. It is 1 00 in new york and 1 00 a. M. In hong kong. Welcome to bloomberg markets. I will be speaking with bill ackman. We will discuss the debut of his new Blank Check Company which raised 4 billion in its initial offering. He will weigh in on what kinds of companies he wants to target with the money and other investments. First, lets look at the markets. We are higher. The nasdaq has erased all of its gains. 25 . P 500 is up mark forck at the 70 the you in the. With heating up today expulsion of the envoy from china. I want to point to the fact that we will be talking about in a moment and that is the Blank Check Company that is trading up an ipo today. The expectation was to raise 4 billion and we will be talking
A Conspiracy Theory but now the guy who runs the Largest Hedge Fund in the world ray deleo has joined this side of the equation the way we look and analyze the markets he agrees with us and here again hes the most successful current Hedge Fund Manager in the world bridgewaters dalyell says Capital Markets are no longer free Central Bank Balance sheets will explode dahlias said that investors should favor stocks and gold over bonds and cash because the latter offer a negative rates of return and Central Banks will print more money see hes watched the show he knows about plucky he knows about what plucky does the Balance Sheet are out so it raises saying there you know what weve been saying right so in a market there is that the price in a market is supposed to represent something as opposed to represent supply and demand thats kind of what prices are all about and thats what the wealth of nations the book written by. Adam smith adam smith is all about you know. Oh its the enlightened th