Nasdaq up more than three quarters . The industrials also back on track today. Is there any reason for worry apart from the fact. I worry when i dont worry. I think because you change months doesnt really change the na narrative. There are pockets of the economy that are doing well and recovering housing, auto, parts, consumers, manufacturing. Did you see the numbers . The new orders jumped 5 the ism was the best number since november 2018. Manufacturing is recoverying i would argue is in a v recovery you have pocket of the economy that are not doing well. That are struggling. We have a million job in initial claims thats why i think youre going to see a fiscal package. You still have a lot of trouble in things happening with regards to travel and leisure and restaurants and that sort of thing. I do think that you get the fiscal package i dont think the change is in terms of my investments because as you recover, the economy recovers you get through the elections. I think profits recov
Estimate. The pboc governor says china will implement the phase one deal with the u. S. He said that in an interview with tsinghua. Chinext is down, extending a decline after bearish reversal. China internet stocks were up friday following the ban on tiktok. Some say forget the tencent risk, asian stocks are silly by. Alibaba still a buy. S p. R tech giants on the we have futures in the u. S. 3343. Ng to a flat open, the s p 1 away from its alltime high. This on the outcome of the u. S. Stimulus talks. Also the u. S. China phase one review. We are taking a look at live pictures out of taiwan where alex azar is going to meet the taiwanese president. He is also meeting with taiwans health minister. This is a historic visit. He is the highest ranking u. S. Official to visit in decades, threatening to further stoke tensions between the u. S. And china. Chinese Foreign Ministry spokesperson last week said beijing was opposed to the visit, calling taiwan the most important and sensitive issu
Category 2 but its still danger it slammed into a gulf coast as category 4 150 miles an hour winds. Well take you lye where the situation is still unfolding sports coming to a stop. Maybe temporarily. Players in nearly every proleague choosing not to play last night in protest of the shooting of jacob blake inwayway the Milwaukee Bucks began the protest. Bucks owner said i fully support what the team is doing and im going to do whatever i can to help them get their message out and try to bring about a change. It sountdds like the nba may be back on today. Everything is very fluid your Investment Committee is here today we got to do a quick recap of these record markets. Green, green, green, green the s p up as well the s p earlier hitting the milestone of sorts plowing above 3500 for the first time ever. The nasdaq, else what, every high is a new report high. Even the small caps performing with the gain on the dow, 247 points even the lowly laggard dow getting in on the action its now
Claims report. Alongside lisa abramowicz, im jonathan ferro. As we approach that jobless claims report, equity futures doing ok. The equity market within 0. 2 of a record high. Talks down in d. C. , we are on repeat, going nowhere anytime soon. Lisa it doesnt seem like markets really care. They are looking at the amount of money being thrown at the markets from the Federal Reserve and the likelihood of a deal being struck. So many people banking on this, and yet here we are, nasdaq futures marginally, basically a churn, but the s p lower. Jonathan after a big moving yesterdays session. This is how we shape up, with equity futures down around six points, off 0. 2 on the s p 500. Just slightly negative. Still around record highs after a phenomenal rally off the bottom in march. A 50 move. . 1843 r, one other eurodollar, 1. 1833. That is a stronger euro. Donald trump saying the dollar will be stronger if he is reelected. He likes a stronger dollar now. He seems to change his mind on this
Tom up mount marcy, down mount marcy, across saranac lake. Unbelievable. Jon ferro still on sabbatical. People say, why are you here . To be honest, its because i was moving. Theres a lot of that going on. While you were gone, we got some housing data. One of the things we got out there is a booming Housing Market with the haves. Lisa people who can buy houses will, although people who can be at work and avoid being tormented for being off for one week may do so. Maybe jon will prolong his vacation in order to not be lambasted for being on a sabbatical. What about you . Arent you going to do some portage . I heard you love that. Tom no, we are going to try to get the kids back to school and move forward. We welcome you back on bloomberg television, bloomberg radio. Everyone hearing about this challenge of virtual learning, back in the classroom. Simply getting people back to the office. The summary is it is not happening, is it . Lisa no. My youngest kid is beginning school today onlin