More than 90 have topped their earnings and sales expectations which are ridiculous numbers. Shows how hard it is to try to predict these accurately. But the bar is also high for companies. They really have to beat by a lot. Investors are expecting it, and so if they dont, you can see pullbacks. Overall, earnings season is a great time for the market. Its averaged about a 4 gain over the last four quarters. During the five weeks when its really at its peak. I think its pretty important for us. Jack thank you, ben. One area where were seeing very little good news, jack, we heard Regal Cinemas were shutting more than 500 theaters, and worst of all, wonder woman put off, james bond, batman. Whats happening in the movie business . Well, if you take wonder woman as an example, we were supposed to get that in june, then pushed back to october. The latest i heard is december, but as you say, jack, if you see a wide theater release of that movie this year, i will dress as wonder woman on the l
U. S. Futures. We saw you choose drop immediately. Down 0. 9 . You can see the stock drop as concerns mount about the president and the first lady having covid19. This comes after a top aide that had traveled with him to cleveland and minnesota, hope picks. Hicks. She contracted covid19. The president and the first lady tested positive. You are seeing immediate Market Reaction. Joining me is the head of Investment Strategy. A lot to digest. We just learned this news. The president contracting covid19 to be this comes 32 days ahead of the election. It goes without saying we wish the president and his family and anyone that comes in the path of the virus well wishes. Howdy prepare for the risk of this event . Frameworke to have a of how things will work out over the next 612 months. , depending onerm, how far markets have come from since march. Fostering a trade war. All of that can potentially impact markets in the shortterm. Mediumterm, 612 months, we do think equities are going to be
More than 90 have topped their earnings and sales expectations which are ridiculous numbers. Shows how hard it is to try to predict these accurately. But the bar is also high for companies. They really have to beat by a lot. Investors are expecting it, and so if they dont, you can see pullbacks. Overall, earnings season is a great time for the market. Its averaged about a 4 gain over the last four quarters. During the five weeks when its really at its peak. I think its pretty important for us. Jack thank you, ben. One area where were seeing very little good news, jack, we heard Regal Cinemas were shutting more than 500 theaters, and worst of all, wonder woman put off, james bond, batman. Whats happening in the movie business . Well, if you take wonder woman as an example, we were supposed to get that in june, then pushed back to october. The latest i heard is december, but as you say, jack, if you see a wide theater release of that movie this year, i will dress as wonder woman on the l
Spell the end of obamacare. Clinton spoke with the bloomberg number commented interview for todays bloomberg equality summit. Having this seat field right now as opposed to waiting until we know who the president is could very well mean the end of the Affordable Care act and the loss of healthcare for millions of americans who have suffered from covid19. Mark secretary clinton calls an unfortunate display of partisan power. C said she would not favor a strategy being discussed by some democrats to increase the size of the Supreme Court to dilute the conservative majority. Step tood that idea a far. You can watch this and more right here on Bloomberg Television and you can listen in on Bloomberg Radio and seymour on bloomberg see more on Bloomberg Live go. Global news 24 hours a day on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. I am Mark Crumpton. This is bloomberg. Vonnie it is 1 00 in new york and 1 00 a. M. In hong kon
More than 90 have topped their earnings and sales expectations which are ridiculous numbers. Shows how hard it is to try to predict these accurately. But the bar is also high for companies. They really have to beat by a lot. Investors are expecting it, and so if they dont, you can see pullbacks. Overall, earnings season is a great time for the market. Its averaged about a 4 gain over the last four quarters. During the five weeks when its really at its peak. I think its pretty important for us. Jack thank you, ben. One area where were seeing very little good news, jack, we heard Regal Cinemas were shutting more than 500 theaters, and worst of all, wonder woman put off, james bond, batman. Whats happening in the movie business . Well, if you take wonder woman as an example, we were supposed to get that in june, then pushed back to october. The latest i heard is december, but as you say, jack, if you see a wide theater release of that movie this year, i will dress as wonder woman on the l