As a result, you have the two sides stuck. There is broad agreement to that something more has to be done to address the challenges created by covid19 and the covid19 related shutdown. The other issue discussed is we are headed for a Government Shutdown if we do not get government funding within the next two weeks by september 30, we are headed for a Government Shutdown in the middle of the election, in the middle of a pandemic. Not only is there the question of how we stimulate the economy, there is the question of how we keep the government open. David taking the immediate thing, we have heard from Speaker Pelosi as well as secretary mnuchin they think they have some sort of a deal whether it is written down or not. They think they will have something clean, is that a big problem . Lanhee they do apparently have an agreement. He challenges what clean means republicans view a clean extension of existing government funding is just that, a clean extension without any provision stuck on
Citigroup names james frazer Ceo Jane Fraser ceo, making her the first woman to run a wall street bank. Good morning. A massive milestone on wall street. The first female to run a major wall street bank. Is this a High Water Mark . It is a crack in the glass ceiling. We have a lot to cover this morning. Covid cases are kicking up, brexit drama, and, of course, no stimulus bill yet. Nasdaq yesterday closing down 2 , a crack in the tech rebound. Futures are up. 01 this morning. Here are your stoxx 50 futures in europe, showing a slower start. Down nearly 0. 3 . In the eurodollar, 1. 18. What lagarde said about the euro, not too worried, she seemed. Joining us now is janet mui, investment director at Brewin Dolphin. Good morning to you. I want to start with what is going on with the tech rebound we are seeing. I was looking at the bullinger, and you can see the nasdaq unable to get rid of that breakout of the midrange. Is this a signal of more erosion or will stocks start to trade sideway
With you giving a brief background and very briefly with your job and experience and career. Yes. Thank you for doing this today. I grew up in Dutchess County new york and i received a nomination to the Us Naval Academy which i started one week after graduating high school 1989. I completed annapolis and was then commissioned in the u. S. Navy and served first as armscontrol action officer in the pentagon and then i moved on Surface Warfare ships and navy ships in the atlantic and in the middle east. I have been a lifelong student although i a joke around when i was at annapolis i dropped out and studied at night and then go to night classes. So for example working in the pentagon i do my masters in National Security at georgetown and while i was a research fellow. And they likely heard you are not to intelligent hapless sky. And to learn more about you i really thought that was a clearer represent misrepresentation of what you had done. We also want to start how you came to work in ru
As well as declines in cases across the u. S. Not just big tech winners, jawdropping moves for individual stocks. Roku up 11 . Dicks Sporting Goods up 15. Urban outfitters up 20 weve got them all covered for you. 59 minutes left, what is set to be another record close for s p and nasdaq all we need is a positive finish kayla, welcome. Thank you, sara thank you for having me. Feels like record finishes every senile day we have a great lineup of ceo interviews coming your way on the rest of the show well me with the head of Toll Brothers about his companys strong Earnings Results and whether the Housing Market can keep topping expectations over and over again plus shares of crocs you heard me up. Up 300 just since march we will ask that companys ceo what is driving the foam footwear boom. And also the ceo of etsy says amazon is trying to wipe out its competition by supporting a New California Consumer Protection bill he will join us to discuss that and much more. Its a big show today. Bu
Biggest spike in cases in nearly four months. Good morning and welcome to bloomberg surveillance. I am Francine Lacqua in london. This is what the markets are doing , european stocks moving to the downside gorsuch any trading sideways, despite record highs on wall street. This is what we are also looking at when it comes to gold, always look at gold because it gives you a good sense of where there is appetite, slipping back below 2000 on ounce. We saw declines in utilities outweighing gains in travel shares, of the stoxx 600 actually gained. Up, the chief executive of the Hong Kong Exchanges and clearing joins us for an interview after the Company Posted a record firsthalf profit. That is in a couple. Of minutes lets get straight to the bloomberg first word news. We start with joe biden, it is official. He has become the democraticc nominee for president. The second night saw a slate of speakers, from former president bill clinton to representative alexandria ocasio cortez. Biden himse