Markets sort of whipsawed by the tweets last night from the president trying to figure out exactly where we are how are investors supposed to take this today . Well, you know, i truly do believe, scott, even after the president s tweet yesterday that sent the markets down almost 500 points in a very short period of time, the last hour and 15 minutes of the day, i still belief theres the possibility we have out there, and i brought this up last time i was on with you guys, the idea i thought we would get one done by the weekend or through the weekend obviously with some of the tweets and so forth, but then the president immediately seemed to have flipped back around and be a part of this whole thing. I do think we will see a stimulus at some point in the not too distant future because of that, i think it gives you a great opportunity on that dip yesterday, and obviously youre seeing a pretty nice rise today. We know what the temperature is of the markets and what people want to hear and
Lavongo on their merger and the first companys earnings report. David has news on microsoft and tiktok. Want to continue to update a story were following closely given we have not seen anything like it. Tiktok the incredibly popular social media app in the u. S. And around the world, bytedance its owner, the u. S. Government saying we will shut tiktok down in the u. S. Unless you find a way to transfer all of it to u. S. Ownership and microsoft playing the role as potentially the only suitor for the business i wanted to bring everybody up to date on new reporting that ive got because it is interesting. Both sides right now, bytedance and microsoft and of course the u. S. Government is still very much involved in this as well are negotiating to try to reach some sort of an agreement under which microsoft would buy the u. S. Business of texas toks u. S. Bit from bytedance within the next two to three weeks. That seems to be what theyre hoping for in terms of a timeline obviously in these
The university of texas on the pandemic. Of then Michael Morris guggenheim securities. You can only go back in florida. Taking a more circumspect view of whether or not these parts should open. Earnings next week are going to be a big theme as well. A lot of the big tech names are going to be in focus. Lets talk about what is happening broadly in these markets. You mentioned the curve steepeners. The curve is flattening. There is pain in that trade. The u. S. 10year yield has come down. A tight rangein over the last month. S year, we saw the 10 year the range as than 60 basis points to 75 basis points. Equity markets have faded. Im struggling to see where the catalyst is coming from, which catalyst to focus on. How markets are going to progress from here. Lets get help with that question. Yields, theg bond curve flattening out. Equity markets are going nowhere in a hurry. We have a. We have virus. We have elections. Where are you focusing your attention . Thank you for having me. When
Also taking a look here at the curve as well as bonds like i mentioned, 194 is where we sit on the 10year. Time for Global Exchange where we bring you market moving news from beijing to new delhi to washington and los angeles. Our bloomberg voices on the ground with this mornings top stories. We begin in asia where the chinese president is in macau to celebrate the return to chinese rule against the backdrop of unrest in china and calling for macau to diversify its economy. With the return of hong kong and macau to the moreland, it is completely up to china to handle the affairs of the two special administrative regions. There is no need for any external force to interfere. Alxy joining me is tom mckenzie the china open coanchor. What did you learn by the speech from mr. Xi . Tom he was there to mark the 20th anniversary of the handover and swearing in of the chief executive. Macau as a reminder is the worlds biggest gambling hub, bigger than vegas with a monopoly on the industry in ch
Nasdaq edged down 0. 07 . It may be hard to follow Interest Rates or politics, its a lot ease yore the bet on great themes if you want to make great money i had the great privilege to interview dave coaty, former ceo of honeywell, now an check tif with verfiv. Its a special acquisition company. This guys a phenomenal manager, consistently crushed the s p 500 when he was running honeywell, but when he retired and turned it over, many people he might be done running business. I was thinking he might be no not for cody its too much fun. He likes business too much he didnt quit he raised some money, looked around for a business that seemed to have the wind at its back, a business thats growing much faster than the broader u. S. Economy, thats not hostage to global trade or politics or the federal reserve. He came up with the data center. In particular data centers that can deliver Digital Information at lightning speeds. Stha that was his path. Why was he interested in this particular comp