Years before resigning to join the trump justice department. He was forced out after his refusal from investigating russian meddling in the 2016 election. That is our first word news. Im Mark Crumpton. Vonnie it is 1 00 p. M. In new york, 6 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 from around the world. Schools across the United States prepare for students to return in some form in the fall. Ill be speaking with authority else goes in garcia, the president of the National Education association, representing 3 million Public Education professionals. We will also be speaking with 2u inc. s chip pot check. Position be taking a on how to stop the administration from enforcing those visa rules that would Bar International students. Also discussing the ramifications of colleges going online. Shares of ncino surging today, 71. The ipo was priced at 31. I will speak with the companys ceo about its
Sanctions and claims to the South China Sea take center stage today. Stocks are shrugging it off. The dow up more than 400 points but the big tech is struggling faang, internet names that have been on fire are seeing weakness today. Were following it all 59 minutes left of trade. Certainly weve been all over the place in markets but were up as we stand with the major indexes we have a big line up of guests. In a few moments well speak with shrewsberry, cfo of wells fargo. And Robert Kaplan will join us and well speak with Michigan Governor Gretchen Whitmer an earlier biden endorser as biden lays out more details of his economic plan. Lets focus in on the big stories were watching at this hour wilfred has the highlights ph wilfred, start off with the banks here. The key focus, sara, as we expected it to be on provisions for potential bad loans. They rose from all the banks from q 1 to q 2 and rose more than expected. Wells fargos more than doubling quarter over quarter the big question
Over the last century vapid industrialization and urbanization made sure our whom speaking listen less in sync with the Natural Environment we live in many of our building practices used over time harmed nature instead of helping you try for an architect we met in delhi is believing the paths to make our homes eco friendly again. The new delhi skyline is a mixture of modern skyscrapers and Energy Intensive poorly designed constructions. Carbon emissions from buildings are often neglected from the climate debate but in India Buildings alone are said to contribute to 40 percent of Energy Related carbon emissions. Architect has been designing sustainable functional buildings for over 20 years he says the need is now urgent. But there are still a lot of misconceptions about what Green Building design really means. The biggest myth is that people believe that it in home is one that has a lot of green plants you put in a lot of plants in the lawn and it becomes pretty which is not so in the
Of security at facebook, about the next big hurdle that the company is facing. As coronaviruses spike, loews longtime ceo Jonathan Tisch will talk to us about his belief about the governments role too revive the travel industry, but also all business in the United States power lunch is right now its agreed to see ygreat tl the s p 500 is lower by about 2 bob pisani has more on all the market moves. Hello, melissa. Were near the lows for the day. I want to emphasize what melissa was just saying, because the outperformance is truly extraordinary. What you want to focus on is the nasdaq 100 while up 16, the nasdaq 100, which consists of the top five five, up 21 this is an unusual dispersion. Were also seeing the equal weight down, the average stock on the s p is down 12 thats a good way to look at it. Meantime the russell 2000 small cap is down 16 . To show you the outperformance, remember these numbers these are the top five these five stocks are 6 trillion in market capitalization, almo
It all about the guidance as well will we get a big ozark on netflix. Their numbers are coming out big banks as well. Everybody, a big week for earnings welcome. A big day for the markets as well let us begin with the rally on wall street. The nasdaq hitting record highs. A bunch of big Tech Technology names. Continue to make new highs when you look at this market could you ever predicted four, six, eight weeks ago that we would have gained 20 and 30 in matter of weeks even as the country continues to talk about reshut downs for 30 of our economy of course i saw this coming. Didnt we all see it coming. What i hold here are fundamentals this is an income statement. This is a Balance Sheet statement. Take it and rip it up because right now fundamentals are not fundamentals technicals are the fundamentals. It is driving the nasdaq continually higher i want to emphasize for a second, tesla. Think about this on friday, tesla will expire the 2500 call that is 750 higher than where we are tra