Economic damage can be avoided. Speaking today, the ecb president Christine Lagarde said there is no doubt the pandemic will have a longterm impact on the global economy. It is clear that covid19 will cause lasting changes to our economies. Ourill not necessarily suck economy potential, if we act powerfully. But it will cause sectoral and societal shifts against which we have to guardian be prepared. Mark according to a new ecb report, governments and Central Banks face a tricky balance between shocking the economy if they and the pandemic support to soon and undermining it if they keep measures in place to long too long. Global news 24 hours a day, onair, and on bloomberg quicktake, powered by more than 2700 journalists and analysts in over 120 countries. Im Mark Crumpton. This is bloomberg. Vonnie it is 1 00 p. M. In new york, 6 00 p. M. In london, and 2 00 a. M. In hong kong. Im vonnie quinn. Welcome to bloomberg markets. Here are the top stories we are following on the bloomberg an
Plus how a local group is hoping to change black friday to better help underrepresented communities. But we think conversation alone cannot be the answer. We need to start taking action and action is where true change happens. Tonight President Trump says that he may have to leave the white house, but he is far from conceding. But our top story now at 11 00 and streaming on cbsn bay area concerns tonight over the possibility of another covid surge as we take a live look at San Francisco on this thanksgiving night. Good evening. Im Andrea Nakano in for elizabeth cook. Im brian hackney. Ken is off tonight. In the past day california reported month are than 14,000 new cases and 104 deaths. The sevenday Positivity Rate is up to more than 6 depending on whether or not people followed Health Orders today, we could see another surge in cases the next few weeks. Kpix5s betty yu talked with doctors who are now preparing for the worst. Thats right, brian. Doctors say the spread of covid 19 on th
Trade, even if we arent seeing it so much in the equity session. Lets bring in bloombergs dani burger in london. People a belot of playing in todays market after the thanksgiving holiday, but there is one cohort still coming on strong, and those are the day traders. If you dive into the charts, you can see they really have dominated when it comes to call volume. We have seen a lot of the robinhood crowd really prefer call volume calls as their option to bet on rising stocks. We have seen some of that call to put ratio plunge to record lows, and at the same time, it is the Retail Stocks which have been outperforming the pros, outperforming the s p 500 as well. What we get in todays session is a continuation of that. When we look at some of the big names here that are favorites of these retail traders, they are also outperforming. Things like talent here, zoom , those haver, zoom had a lot of call options as of late. A lot of them have calls that are expiring today. All of these actually
Dancers. She talks with us about her commitment to young performers and her lifetime of work celebrated in a new documentary. First, heres todays eye opener, your world in 90 seconds. Dont talk to me that way. You are just a lightweight. Im the president of the united states. Dont ever talk to the president that way. The First Time Since the election the president answered questions. He said it would be very hard for him to concede. I dont know what is going to happen. I know one thing. Joe biden did not get 80 million votes. Joe biden gave his thanksgiving address. He called on all americans to do their part and stay home. Its a personal sacrifice that each of our families can make and should make. Hardhit retailers are banking on black friday more than ever as coronavirus cases surge. These streets may be pretty empty on what is normally the busiest shopping day of the year. Ravens quarterback Lamar Jackson tested positive for covid19. Cardinals receiver Larry Fitzgerald also tested
Moment ago. Rosemary orosco is here to talk to us about the dramatic shift in weather. Yeah, from yesterday into today. And today is likely to be the wettest storm on the season so far, which is good news for the bay area and more sierra snow. Giving you a live look here. We showed you the Golden Gate Bridge and now lets look at the pacific satellite view. Were, again, beginning to see more widespread rain early on. It took awhile to get here. The north bay was covered in the green by 10 00, 11 00. Now the central bay and along the peninsula into the santa cruz mountains, you can see if we move in closer and look at what is going on. Widespread over the north bay. Creeping into the east bay from San Francisco down through about, it looks like redwood city and Mountain View area. For the coastline, its covering pacifica and Half Moon Bay. For the north bay, it started earlier. We can see as it is pretty much over the entire bay area from the coast for inland valley locations and over ou