Speaker pelosi and secretary mnuchin set to talk this morning after House Democrats roll out a new scaled down pandemic aid bill and calling it a propagator of disinformation, why the Biden Campaign is blasting facebook ahead of tonights president ial debate jim, david, good to see you guys, welcome back im taken aback, jim, by your tweet a moment ago about stimulus and sort of a fatalist i can view of what the restaurant sector is facing in this country. I will be candid, we ran out of ppp about three months ago, some of us have just decided to pay lots of employees to do nothing and its been its done they had a chance. I think they made a decision that you would have to keep these people on until we had a vaccine, so Neither Party agreed to anything and its too late. Theres nobody to give ppp to for the most part in restaurants except look, the winners were darden in the Small Business side, we know that they were viewed as nonessential, they never snapped back unless they had someth
Good tuesday morning. Welcome to squawk alley. Im Carl Quintanilla with Morgan Brennan and jon fortt live at post 9 of the New York Stock Exchange we begin with text stocks this morning and the continued rally in the sector, another record close, apple, facebook, and alphabet at alltime highs Jeff Richards joins us now along with james lee guys, good morning good morning. Good morning. Thanks for having us so james, im looking at tech stocks up more than 30 in just the last three months. A short list apple, tesla, amd, snap, spotify, zillow. You like facebook and byedo in this market, but how much can you like some of these names given how quickly they have run up yeah. Jon, that very good question we think valuation right now is still very attractive. Look at facebook coming to the year, a lot of investors are very concerned about regulations. I think as we get into the year, a lot of people getting more comfortable because some of the regulatory issues or policy that happened over th
That makes it the choice for many u. K. Citizens seeking to retain an eu passport. The busiest month for u. K. Application for february and march ahead of the original march 31 deadline for the u. K. To leave the eu. In seattle, Public Schools say they will exclude kids from classes but are not if they are not vaccinated after the winter holiday. The moves come as Washington State lawmakers voted to get rid of an exemption for the measles vaccine after two outbreaks sick and 87 people and forced a state of emergency. 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. Live from bloomberg World Headquarters in new york, i am vonnie quinn. We are joined by a our bloomberg and Bnn Bloomberg audiences. Here are our top stories. The santa claus effect. Traders assessing and equity rally that has added more than 5 trillion dollars to the market this year. With that las
Cigna came in with great earnings and a revised higher fullyear forecast. The stock taking a bit of a dive down 2. 5 . 5 coming up, we will hear from the ceo David Cordani after that result. Guy lets talk about what is happening in europe. The oil sector is lower because of shell. The Mining Sector is down. Chinese pmi data was super weak overnight. That is what we are focusing on, particularly the manufacturing side. Weve got this sorry surrounding what is going on with the trade narrative. The lighthizer deal, basically the chinese arent convinced. Volume is reasonably good today. We are seeing a big moving yields, as you can see. Bonds are bid, yields moving lower. We are 41 on the german tenyear. Chinese data is feeding into that story. Treasury yields moving exactly the opposite direction you would have thought if the fed is going to stand pat from here. Keep an eye on the 97 level on the dxy. Eurodollar, 1. 11. We are absolutely flat on the session. Vonnie the fed cuts for a Thir
Will be one and that phase one will be signed. Cigna has recovered all of its declines come out with a great orderly report today. Sold a bit on the news, perhaps some people taking profits. If you want to hear what David Cordani had to say, it is on the bloomberg terminal. We spoke to them a little earlier. Guy stocks are down by just a touch. Chinese pmi data overnight also adding to Downside Pressure here in europe. We also have the oil sector lower. Ell angs out from sh little earlier on is a factor in the market. 41 on the german tenyear. The hero just beginning to slide over the last hour or so. It was up earlier in the day. We are tracking the dxy level at 97. The market seems to be paying a great deal of attention to that one. The fed cutting rates for a third street meeting, and fair for a third street meeting, and fed chair a Third Straight meeting, and fed chair they will signaling pause. Basically, we are in a manufacturing recession, but the u. S. Consumer has been resilie