Morning. And ready for takeoff . Were asking you, loyal viewer, if the time is right to get back in the air it is thursday, october 15th, and this is worldwide exchangeexchange exchangexchange good morning, good afternoon or good evening, everybody and welcome from wherever in the world that you may be watching im Brian Sullivan it could be a rough day for the markets. Dow off nearly 300 now, lack of stimulus from d. C. And concern about new lockdowns in europe will probably get most of the headlines, but weve nine th known that for a while and this could also be hitting sentiment right now. The Financial Times reporting that france and netherlands seem to be on board with a possible plan to go after big u. S. Tech companies, a leaked paper suggesting that an effort to break up some of the big names is, quote, on the table. Look at those losses in europe, apple down 3 , facebook off 2 and amazon down 2. 5 and here the dow shedding another 160 plus points and on track to snap a two week
Leventhal and liz young. Liz, is this all about stimulus or are were genuinely concerned about these cases were seeing in europe . And, by the way, were doing a lot of cases here every day, too. I dont think its all about stimulus but were in the middle of a really heavyweight news cycle and its not allowing us to look out any further than about 30 days at a time. Ultimately in 30 days time the market is lower than today just on monday the s p was up 5 month to date. That didnt make common sense. Were in the middle of a highly c contentious market season and were still waiting for stimulus in the short term i think we should see a pull back here but in the longer term and even in the next three to four months, some of the fear around a blue wave has been a little overblown and the market has to weigh the two sides. On one side we might see higher tax ees and stronger regulation and on the other side some of the tariffs may be rolled back as an investor, even if we have a pullback in th
Secretary talks to cnbc moments ago. Shares of Morgan Stanley are slightly lower, it would appear, ahead of the open. The bank topped revenue estimates by a billion on what was stronger than expected trading revenues and ev price war elon musk cutting the cost of teslas model s for a second time in one week, carl meantime, guys, got to take stock of this selloff here in the premarket, jim general take this morning is that the market is now catching up to what we know has been a problem in europe, and these lockdown restrictions in the uk and france are getting more serious. Dollar strengthening, some believe, because the situation here is at least better than europe on a relative basis. I think were importing their negative ty. I dont think it is going to last you cant make any moves to the positive until about 11 00 when you start seeing their markets peter out. It is one thing, it is very frightening when you read what is going on there. It is obvious it is a second wave it seems mor
This as cia head gina haspel tries to stop for document declassification as part of the origins of the russia probe. Ohio congressman jim jordan joins me live next hour to discuss. Markets this morning slightly in the red, take a look at this, despite President Trumps recovery and growing talks on stimulus, weve got a market that is fractionally moving but in the red, dow industrials right now down 31 points of, nasdaq lower by 56 and the s p 500 right now down 9 andahalf. This after big rally yesterday finishing near session highs, markets at the close yesterday up 465 points on the dow industrials. The nasdaq up 257 and the s p 500 higher by 60 points at 4 00 on wall street. Worker information compromised, a popular fashion brand is fined for allegedly keeping track of hundreds of employees personal lives on the companys database. Airlines meanwhile looking for a rescue, one carrier hoping workers will take pay cuts in order to avoid furloughs. Plus, plant based fashion, the new team
Winds that could reach 40 mph. It is headed for the Tourist Centers of cancun and kosovo. It could cause as much as 10 million in damage. It is to hit somewhere between louisiana and florida. Spacex has launched a rocket carrying 60 internet satellites. They will join hundreds of others in orbit around the earth. Recent launches have been plagued by a variety of problems. Spacexs billionaire ceo, elon musk, said he checked launchpads before todays mission. Global news, 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in more than 120 countries. Im Mark Crumpton. This is bloomberg. It is 1 00 p. M. In new york. 1 00 a. M. In hong kong. Welcome to bloomberg markets. President trump is back in the , painting a sign of strength and vigor. Any vaccineance for approval means it will likely come after the november election. We have all the latest. We will also talk with the herbal life chairman and ceo. Ins, how much is that doggy the wi