London. The markets are actually on the up today in hopes that we will get some kind of stimulus in the u. S. Lets bring you exactly what we are looking at. European stocks are opening higher. Again, there seems to be progress in washington toward a fresh stimulus package. The dollar falling on thursday after ending the fourth quarter. The Tokyo Stock Exchange halted trading after its worst breakdown. Coming up later, the world pose halts. Etf trader we will speak to ishares stephen cohen. The first, lets get to bloomberg first word news with laura. Laura continued because of Economic Uncertainty due to the pandemic, disappoint lenders such as jp morgan, which had already indicated it wanted to resume buybacks. The potentialed Coronavirus Vaccine from Oxford University and astrazeneca. The socalled rolling review allows them to see a trial basis of what is ongoing. Rises to the investigation that led to a halt in the trial. The format of the president ial debate is changing after the f
Investors trying to decide what is going on. That is showing a little but of haven assets. Bonds not doing much. With the kind of volatility we have seen, you would think there would be a big bid. Today there is a small bit, and we also have the dollar, which is seen as a haven. If the fed is successful with their framework shipped from august, which they will want to try to create is a strong dollar signaling and improving or a Strong Economy instead of hitting into risk assets. Today is a pretty solid day for stocks overall, but the week is more difficult. David september looks like in equities maybe we gave back some of the froth we created in august but we are always looking for longterm trends. You and i talked about how about high yield. Is that giving any signal . They do seem to be moving . Abigail highyield today not doing too much, but as you are just mentioning, and i love you are talking about the erasing of the froth in august, and then september right back down. Highyield
Abramowicz and tom keene. The first full week for america. We welcome all of you to our simulcast, Bloomberg Radio and bloomberg television. It is merger monday. Across the headline from verizon, they will buy track phones from america mobile for 6. 25 billion. It is like an afterthought this morning when you look at the frenzy to get out there and by revenue. Announced 60 minutes ago, if you have access to these Capital Markets and many people do, they have the money to go do it. Immediate fixed income picture, William Gross will join us at the bottom of the hour. We will get an update from the retired one. I want to talk to him about the financial repression. Lisa, that is a backdrop to everything we talked about. Anybody with yield after inflation is losing. They are falling behind every day. Lisa it is cheaper to borrow money and invest in anything else because it is so cheap to borrow. That is what is driving a lot of the frenzy. There is a question about how far can the financial
A stimulus plan to offset the pandemic and another big week for earnings. Results from sap as europes largest tech companys speak year ceo speaks with us and ryanairs cfo. Speaking of ryanair, weve got numbers coming through from the airline. Tax, quarter loss after 185. 1 Million Euros. The estimated loss was 276. 9. That is a smaller firstquarter loss after tax than was expected. What we are hearing from ryanair in terms of commentary is the biggest fear is the virus second wave and fears are already swirling around that in terms of the news over the weekend with u. K. Imposing quarantine from spain. We will no doubt get comments from my ryanair. Losses are mounting. Basically, First Quarter customers, zero point 5 million versus 41. 9 million, the estimate was 96 , theor, 61 versus estimate was 57. 8 but the main number to look at is the first and basically ryanair said it will continue losing money through the summer. It is concerned a second wave could push back to recovery into n
Abramowicz. A special edition of bloomberg surveillance. What is the title of this program . Market chaos. We are going to do two things. We wrap around the date of where we are now in terms of assets. Of course, good conversation. Jon ferro, start framing with us. We will start with the price action. Huge moves in the equity markets. The biggest oneday drop that we have seen going back to december of 2008. S p 500 futures continue to roll over in the hour or so after that. In the bond market, you know all about it. Treasury yields settle down, coming down basis points. A monster move in crude. Sunday evening, lower on brent by as much as 31 . Lisa, this is the one i know you have been watching. Debt,opin highyield that is the biggest drop going back to 2009. Lisa when you look at past market routs, they always say that credit leads. A canary in the coal mine. This time, it was not. Some people think it is at the epicenter of what is to, with companies that are heavily indebted getting