The most groundbreaking treatment for covid19. The maker of new antibody technologies. More than one Million People now dead from the disease worldwide. Welcome to bloomberg technology. Markets rallying today, tech again leading. Joining us now, abigail doolittle. We were talking about a rally at the end of last week. Is that now going to extend through this week . Abigail it certainly did today. It was not just tech. Rallyeadth of todays possibly more impressive than the size. The nasdaq over this time, the best three days since april. That is the degree of the buying power. Really helping out the nasdaq. Again, very solid again. It was driven last week by apple, which put up its first up week since august, claiming back above the 50 day moving average. The fundamentals not changing so much. Perhaps more technical selling after some technical buying in august. I was mentioning the breadth. Very well. Apple up 2. 4 . Tesla continuing its rebound. Disappointment for another day, up 3. 4
Amazon billion offer to goes from rivals to partners as jeff bezos is willing to take a 40 stake in his indian retail revolution. At thelets take a look set up for the session of trading in asia. We saw that resumption of the loss in the u. S. How are we setting up in this part of the world . Sophie a pickup in volatility once again. In asia, futures are mixed, but we are seeing s p eminis. Chicago adding. 3 . The yen is stuck in the range with brexit risk also a consideration. We are watching tiktok reaction to trumps extension of that tiktok watching reaction to trumps extension of that tiktok sale. Jupiter Asset Management is cutting its exposure to debt of Chinese State linked borrowers so that is something to consider as well. Ahead of the u. S. Election, you are seeing one vol bets can yuan vol bets. Keeping an eye on korean bonds with potentially 6. 3 billion of supply coming through. The government may submit its proposal to parliament this friday. The global rush of Corporate
Welcome to bloomberg surveillance. Theres plenty going on in the markets, not withholding everything going on with the Supreme Court, and we are just about 46 or 45 days away from that important u. S. Election. The picture on the market is not great for banks. You can see actually banks were down from 4. 1 . If you look at some of the things we should be watching out for, european stocks are dropping for a third day. Rising virus cases will lead to tougher travel restrictions. Lets get to first word news here in london. Leanne concerns are mounting the u. K. May need a second lockdown to stop the spread of coronavirus. Prime minister Boris Johnson is set to be told today that the nation is at a critical point in the pandemic. There are expectations that local restrictions could be extended into london. President trump is celebrating the tiktok deal, despite it falling short on some of his key demands. The apps chinese owners will still have an 80 stake in the the u. S. Source new jobs.
Down 600 points recently. We are not near a correction yet on s p, but we are getting there rapidly. I dont think this can be underplayed the virus, the pandemic is really front and center on a global basis, even with an america distracted by an historic moment. Momente and a historic that could possibly sway the election. Lets get to the bloomberg first word news in new york city with ritika gupta. Ritika good morning. The death of Justice Ruth Bader ginsburg has thrust the Supreme Court into the political spotlight. Republican leaders in the senate are hoping to rush through a replacement with President Trump expected to nominate his pick this week. Democrats are warning of a constitutional crisis. If joe budden wins the election but a trump candidate is still confirmed to the Supreme Court. President trump is celebrating the tiktok deal, despite it falling short on some of its key demands. The white house gets a promise of new jobs sources have told bloomberg that tiktok is taking a
The quality of our guests there, including Rebecca Patterson of bridgewater, saying complacency into october, ramp it up ritika . Right now ramp it up. Right now, we welcome all of you. It is simply a monday friend from what we knew friday. Jonathan it is not a quiet start to this monday morning. Equity futures down hard. A bid into the bond market. Stronger japanese yen. Everything you would expect to happen on a risk off monday is happening. When you look to europe and the prospect of tighter restrictions around some of these economies, look no further than travel stocks. Break it down sector dissector. Travel stocks down 5 . Tom what i find just extraordinary here is it is not just about the future of the Supreme Court after the death of ruth bader ginsburg. Theres many stories. To me, learning over the weekend about this new heightened pandemic is front and center. Jonathan lay it on the three dimensional Political Risk playing out in washington. The three di mentions are as follow