And others might have and so thats the next point is that companies who buy back their own stock and the executives around these Companies Say remember if you have options on your stock and the stock and you know guaranteed theres no risk the stocks go higher the options can go from a dollar to one 100. 00 or 300. 00 so an executive can make 5100200000000. 00 us what we have so many billionaires in america is by playing this game of guaranteed upside by money printing and owning the options on your own stock and so if you strip out those numbers you would have markets that are a lot lower youd have a lot more parity between classes in america you would have the wealth and income gap you wouldnt have the social unrest and you wouldnt have a lot of these other problems so its very stark very plain to see for those who want to say hey were going to show you some charts to show you visibly how big it is. In terms of kind of a lean duck president coming and biden whos you know very very old
Welcome to bloomberg surveillance. Happy monday. I am Francine Lacqua here in london. Toin, a very busy week, on the u. S. Election and about 16 days. Looking at futures, the hope is that we will get stimulus, and i am looking at treasuries. The pound already up after reports that officials were prepared to water down controversial brexit legislation and a move that could revive failing talks with the European Union. Also, the yuan seann gains. Now lets get to the bloomberg first word news in london with leighann gerrans. Hi, leighann. Leighann good morning, francine. Nancy pelosi says a preelection is possible, but she has set a tuesday deadline for making more headway with the white house. President trump is confident he can persuade the republicans to back a good deal, renewing his offer to go beyond the dollar amount that is now on the table. Now china has passed a new law to restrict sensitive exports to protect national security. It provides a framework for beijing to fight back
To you. Friday eve as we like to call it around here. Im marcus washington. You are so right. And im laura garcia. Well check in with mike in a little bit for the Early Morning commute but first i want to say good morning to meteorologist kari hall. Good morning. We will have a slightly cooler day but we are still watching that high fire danger and quite a few things im watching in the forecast as we go into the next couple days as the cool down continues and it will be gusty at times and, of course, that increases our fire danger. That continues over the next couple days. In terms of temperatures, were looking at some low 80s in the south bay and mid 80s for the east bay and 85 today in napa. Well get a look at all the microclimates coming up. Mike, how is it looking right now for the morning drive. Couple things stand out unusual, kari. The unusual is the green that we see, except for out of the Altamont Pass and eastbound 84 where we still have a few yellow sensors there. No schedul
Retail sales and Industrial Production gained momentum in september. The economy is set for a faster rebound than any of its peers. 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, 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 we are following on the bloomberg and from around the world. U. S. Stimulus negotiations approach another tipping point. Secretary mnuchin and Speaker Pelosi will resume their conversations in about two hours, as the House Speakers preelection deadline zooms. How much trouble are airlines and without federal aid . We will speak to sara nelson, the International President of the association of flight attendants. And a big bet on shale. Conocophillips mobileye Concho Resources, the largest shale industry deal since the collapse
Our new poll is revealing about where the race stands. First familys battle. Melania trump releases her son, barron, tested positive for coronavirus, and details her own diagnosis for the first time. This as 36 states now face an alarming rise in cases. And dr. Anthony fauci delivering this new thanksgiving warning. You may have to bite the bullet and sacrifice that social gathering. Well have the very latest. Done deal . Shes going to the court. Senate republicans push the vote on judge Amy Coney Barretts nomination to the Supreme Court today. A live report from capitol hill straight ahead. Scare in the air. Attention all aircraft, use caution. Jetpack has been reported. For the second time in weeks, a pilot near one of the nations busiest airports reports a close call with a man flying a jetpack. This time, thousands of feet up. Inside the investigation Just Launched by the fbi. Those stories, plus, legend shines. This is for chrissy. Just weeks after their pregnancy loss, john legen