29yearolds say they will definitely vote this year. 47 said the same in 2016. The polls show young voters will likely back joe biden over to 25ent trump, 63 percent. It is becoming a familiar story for louisiana. Much of the state is under a hurricane warning. Zeta is heading toward the uf goals u. S. Gold coast. Gulf coast. If it makes landfall in louisiana, it would be the fifth named storm this year. Bloomberg, powered by more than 2700 journalists and analysts in more than 120 countries. Im Mark Crumpton. This is bloomberg. Vonnie it is 1 00 p. M. In new york, 5 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. William spriggs, the aflcio chief economist on how the groups 12. 5 million members are coping in the absence of more fiscal stimulus. Big news in the semiconductor business. Competitor for 35 billion in an all stock deal. With theive interview
Demand. Ryan, it is always a pleasure to talk to you. It was long in coming. Everyone asking, what are you going to buy . Tell us how you came up with this deal. It is great to be with you again today. We have been talking about the need for consolidation in business for quite some time. We need to put a Value Proposition together that offers investors a different way to think. We have done this with a transformative acquisition with concho resources. This brings in a bunch of lowcost supply resources government 23 billion barrels into the company. It is about a super strong Balance Sheet to manage the volatility we have seen in this business. It is about how you allocate capital for value, not for growth. It is distributions we were going to give back to the shareholder. It is about having a sustainable business. The deal takes an Energy Transition that we know is coming for our planet. Alix can you give us insight into how competitive it was . If you look at the Shell Companies that
Could a bield card d could a wild card derail that run. That chart is a thing of beauty. And later, home depot, what is lighting up to the tune of 80 gain in just three days. Wow. A lot to do. Were going to begin with these r red hot markets and quest for Higher Ground. Investors keep investing but not much for s p 500 closing just shy of a new record, four points off, but believers keep believing. Goldman sachs raysing the target to new wall street target to new high 3600 so as the world keeps turning, will the markets ever get to Higher Ground brian, welcome back its great i dont see you, but its great to hear your voice, again doing gentlemans work im a little upset we didnt play the Stevie Wonder version we played the chill yi peppers. Version. Flea is a huge fan. So shout out to flea to answer your question, why not. 3600 for s p 500, 5. 5 from here market seems to go up 5 every day. Notwithstanding. So its reasonable with the fed at their back every piece of bad news is digested
Several u. S. States report record numbers of cases. States reconsider plans to open. To data inadds australia. Shery lets get started with how u. S. Futures are kicking off trading. We are seeing them down. 1 after u. S. Stocks ended in positive territory but off session highs. We have speculation congress will seek additional stimulus. We also have some positive manufacturing data, although not in expansion territory as of yet. The s p 500 finished at the highest level in almost two weeks. Consumer discretionary and tech lead the gains, and the nasdaq composite again finishing at an alltime high. Eight sessions of gains boosted by apple and amazon as well. The dollar declined among most g10 are his. We did get that positive economic data. Improvements not only in the u. S. But also the euro area. Take a look at what oil is doing at the moment. We are seeing wti falling toward 40 a barrel, under pressure right now, really falling from that threemonth high ahead of a release of a key u
Left in the session. Yeah. And, of course, it is that holiday shortened trading week so were watching this closely coming up on the show tesla shares surging up another 8 on the day. Tripled in the last six months were going to break down that move with former ford ceo mark fields and the Treasury Department says it has finalized terms of new loans to major American Airlines well speak with the ceo of Hawaiian Airlines in few minutes as well. Lets focus in on the big stories were watching in general today. Mike santoli is looking at market valuations with the dow above 26,000 Steve Liesman is breaking down todays better than expected jobs numbers and how to square the conflicting messages were getting about the economy. Meg tirrell monitoring cases weve seen in some states which dampened Market Sentiment when reported and Kayla Tausche is standing by for disclosures about who received billions in emergency aid from the government, but mike, first lets go to you. We have a tidy little r