Offerings. Sta instacart delivers from sephora and best buy and ewinger eats. So will they be overwhelmed or perfectly positioned i think this is the big question everyone swondering as is wondee ecommerce take a big jump door dash had a face plant weechlt talk abo well talk about that i want to point out our own Melissa Repco on cnbc. Com has a great piece about exactly this brick mortar issue doorbesters not really happening this year. The retailers dont want you busting down the doors they want you staying at home and ordering and theyre putting incentives in that direction all right. Moving on for now. Astrazeneca, the latest pharma giant out with positive vaccine news maybe some of the vaccines will help to get to be door busters. After the citizen kashgs the Third Company to come out with the efficacy results these are a little more mixed when you compare them with the others lets take a look. The reason theyre mixed is because they had two different dosing regimens. One of them
Restrictions on the u. K. Looks to repair some of the economic damage in todays Spending Review. Words ofs back, the president elect joe biden as he introduces his Foreign Policy team. Janet yellen faces a tricky start, as Steven Mnuchin puts funding beyond her reach. Good morning. 6 00 a. M. In london, 10 00 a. M. Across the emirates. A jampacked show for you, including emirates president tim clark. He spoke to manus cranny about a host of issues in the travel sector. Also, likely an appearance from manus himself. What a day it was and a 24 hours it was, as chris weston put it, a nirvana has dissented over the scended over the market. Dow jones topping 30,000 for the first time. S p 500 index, we do have closing at an alltime high. We are losing a bit of momentum. Flat across the asian market and flat across u. S. Equity futures. We are seeing a steepening of the yield curve, not at the highs we saw recently, but we are seeing it steepening. Jp morgan this morning also saying 10 year
The system . Michael no. He repeated that comment today as his parts of efforts to Tell Congress they need to do more in terms of lending programs, more in terms of fiscal support. Strategy oferall letting inflation run hot or is designed over the longterm to try to help by not cutting off credit to the economy when it starts to reach the lower levels , when Economic Growth starts to help the people he was talking about, which is what they did in the last expansion. Where theill take a long tipecd first 300 billion 300 Million Dollars will go. Andlked with their chairman ceo, brian moynihan, about that program. We have a billion dollars across 1 billion across those programs. One is entrepreneurship, one is educations and job creation, and another is health. You have the healthcare crisis, which affected these communities more than other communities, and that has been statistically proven. We have been doing a lot. Recently, we announced 25 million would go in nearterm health and issue
Has fueled wildfires that have born burned more than a million and a half acres. Laura has become a category four storm. It is expected to make landfall tonight. We will have the latest on its movement in just a moment. Force. Rce joint the company beat estimates. We will talk to Ceo Marc Benioff live this hour. There is no one bigger than rhode island representative line. Cicil i sat down with the congressman for an exclusive interview that is ahead later this hour. If its politics you want more of, you can watch the Republican National convention tonight on bloomberg television. Viceyes will be on president mike pence as he makes the case for President Trumps reelection. We will bring you that coverage at 10 00 p. M. Eastern time. Our Bloomberg Markets correspondent Abigail Doolittle is with us. Abigail more record highs. I think you nailed it, talking about the fed liquidity. That has been the driver for the rally, right out of the march lows. The fed successfully stirred the animal
September. What is interesting, with the this on the screen, unconventional transaction of tesla. Additional 5an billion of shares geared toward perhaps the nonmainstream, the nonwall street crowd. Tesla is interesting because people using bubble with stocks. 2 tesla. Tom a recent secondary, even with moonshot on the markets. This will not be publicly offered. It will be Equity Distribution and distributed by banks as tesla chooses. Somewhat akin to what we saw with lesser successes. Here,l be widely studied the why of this transaction as well as the need for 5 million they are looking for. Here andarkably up big still elevated from where they were. What else are you looking at . Ina the story today markets, aside from tesla, is the dollar and the question of whether people are going to say this is the end of dollar supremacy or if this is just an indication of the low yield, the negative real yield and this idea of global trade. It is the two sides of the story. Tom not only yields do