World. India is expected to become the pandemics worst hit country in the coming weeks, surpassing the u. S. , where more than 7 million cases have been reported. A lack of social distancing and mask wearing is hampering containment efforts. According to a new book from a former staffer, President Trump considered naming his daughter ivanka as his 2016 running mate before nominating mike pence. Revelation comes from rick gates, who in the summer of 2016, was the Deputy Campaign chairman and later became a star witness in the collusion investigation. 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. 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 from around the world we are following. Stocks are higher around the world as we approach months and. After
Can come out between democrats and republicans as we head towards the election. Later in the hour, well speak exclusively to capital , cornerstone sow and founder of the wall street view of the elections. Street views a biden presidency in light of Corporate Tax hikes. To discuss the home sales and the underlying dallas, data is sow. Ation largest single landlord out there. Dallas, you have existing home better. You have a record high. Better. New home sales all of that data coming in stronger. D. C. Ng can that pass if cant pass under stimulus . Dallas it feels like we are in good area for housing. Longtime ates being a low. A buyer thats proved resilient summer. The ts lending itself to an outperformance. Were seeing at invitation is up over ccupancy a hundred basis points. T generally feels really, really healthy. Alix whats the supply outlook see . You dallas if you talk to most people within markets at a seems like el, it stliez are constrained. We are seeing two to four months of
As White House Senior Adviser Jared Kushner defends President Trumps handling of the covid crisis some people have chosen to play politics with the pandemic President Trump opted not to politicize it and help people get whatever health they need. Jp morgan and Goldman Sachs dumping almost 13 billion worth of shares across sectors in total. So lets just talk a little bit about the headlines. Theres a key focus on renewed lock down risk in many European Countries and the fact that germany has stepped forward and said that its going to quarantine those arriving back from spain has added another level of complexity but when you look at the market, theres no evidence that that is holding back Risk Appetite this hour we see the ftse and the cac 40 all in positive territories. The impact of potential travel restrictions is royaling the Airline Stocks and those other stocks that are effected by limited travel opportunities you have other sectors also a little bit weaker. Having said that, look
Today nbc bay area Jody Hernandez clarifies the dilemma. Its emotionally exhausting to go into work what if today is the day i get it . Thats how this 20yearold starbucks worker describes how she feels about serving guests at the drivethru window. The barista who didnt want us to use her name says most customers dont mask up. If youre close enough i can hand you something you should be wearing a mask. Reporter while starbucks has signage encouraging customers to wear a mask she says employees arent required to enforce it. This notice posted on the stores Bulletin Board says we will not enforce this requirement at the drivethru unless locally mandated. It also offered workers options what to say if a customer refuses to wear a mask inside the store including telling them they can go through the drivethru. A starbucks spokeman confirmed to nbc bay area thats indeed their policy. The last time i had verbal communication with my manager on the issue she told me no matter how hard i try sta
Million, representing more than a quarter of all cases globally. I want to bring in our Bloomberg Markets reporter, who has been on top of all of this action. What did you notice today, with more record highs it is the usual suspects that continue to lead the way. A story of tech outperformance again. Boarde higher across the when it comes to major averages, but the outperformance came from the nasdaq. A record high. It was up by more than 1. 5 . I want to highlight that even though tech stocks and stocks wasdly were higher, so gold. It has been the highest since 2011. 1800 an ounce. That creates safer assets. The tone is not all risk on. The tech has been a safety trade. They are benefiting from a world staying at home. Todays session was the largest of the large that were leading the way. Apple, amazon, facebook, all contributing the most to todays rally and all four of them closing at record highs today. From a valuation perspective, how overvalued does the tech market look . We are