Plus, relocation, relocation, relocation. Read it has a plan to let its employees work from wherever they are. But what are the consequences of such an arrangement question we ask the ceo, steve huffman. The u. S. Has identified in iran and russia for meddling in the election. We talk about how pervasive the menace is and is potential harmful effect on democracy in our continuing to electioneering series. First, it was an ugly day for u. S. Markets. Tumbling in the worst stock rout in months. Rising cases of covid19 in the u. S. And europe and locked on measures in countries like germany and france accelerating the drop. We get the big picture from Abigail Doolittle in new york. A lot of forces at play today. It. Us through abigail over all a brutal day for stocks and risk assets on a combined basis. You mentioned the different forces. Of course there is uncertainty around the election, but i would argue the biggest force is the virus resurgence in europe. The german dax fell more than
The spread of coronavirus. So gianovernor newsom has orde d boars and movie theaters to close effective immediately. This is a dimmer switch. It is based upon local conditions that advance our ability to mitigate the spread of the virus. The governor is urging people to social sdachbs and to wear masks as we head into the holiday weekend. He says we all have a social constant to cooperate. We head i weekend. He says we all have a social constant to cooperate. As we hed weekend. He says we all have a social constant to cooperate. Masks as holiday weekend. He says we all have a social constant to cooperate. In texas, reach their limits. And nurses are saying those that they are seeing now seem to be sicker than earlier. Health officials have expressed concern that the protestssling the death of gif wou george floyd would lead to a spread of the coronavirus but a study says that is not the case. Yeah, the National Bureau of Economic Research studied the effects of and they are saying that
Fortt and leslie picker. Interesting morning as we await the fed decision this afternoon. Tim cook speaking with japans nikkei while visiting some apple stores and ink suppliers defending the companys job creation in the u. S. And complaints the company has faced over competition cook saying, quote, a monopoly by itself isnt bad if its not abused the question for those companies is do they abuse it. That is for regulators to decide, not for me to decide joining us to talk about this and a lot more, managing partner susan line and ciscos chairman emeritus, john chambers. Good morning, guys. Good morning. How you doing good. Lets try to put these comments in some context. Why do you think theyre happening now out of cook, at least . Well, i think theyre happening because theres a general concern over privacy and over moves to increase privacy at both facebook and apple products but i think for him, this was an interesting moment because its the first time hes really tried to defend a mon
Analysts expecting massive moves from one stock thats already up 90 this year. Halftime report starts right now. We will co. Good to have you with us janice, chief investment and liz young, director of Market Strategy also with us today. Making news jpmorgans chief equity strategist. We want to begin with stocks at a new record were entering a critical week for money, the busiest yet for earnings, including apple, a fed meeting, which could see another can out in Interest Rates. Shannon, on track for record close, financials on pace for 52week high the question is, is this the breakout weve been waiting for . Get out of that range. I think if its going to happen, it definitely could happen following this week you talk about the fed, if they continue to be exportive, as long as they leave the door open even just a little bit, the equity market will take that as a positive we saw strong earnings out of the big tech names last week like microsoft we could continue to see strength out of a
Meanwhile, argentina is slashing the amount of u. S. Dollars its citizens may buy. Global news 24 hours a day, onair, and tictoc on twitter, powered by more than 2700 journalists and analysts in over 120 countries. Im Mark Crumpton. This is bloomberg. It is 1 00 in new york, 5 00 in london, 1 00 a. M. In hong kong. Im vonnie quinn. Welcome to bloomberg markets. From bloomberg World Headquarters in new york, here are the top stories we are following. Extension granted. The eu agreed to a threemonth delay for brexit until january 31, removing the scenario of a new deal split thursday. Speaking of halloween, fangs will be sinking their teeth into markets this week. Alphabet, facebook, and apple will report. And bring on the bling. Buy is offering to tiffanys, the iconic new york jewelers, for 14. 5 billion. Lets get to abigail doolittle. Record highs for both the s p 500 and the nasdaq 100. The first since july investors bidding stocks higher on a wave of macro uncertainty being lifted ar