Kind of takes the relief trade, if you will, out of the treasury market. Have a vaccine but have to deal with the rising case counts. Its difficult for Bond Investors to show no caution to the wind. Think about what actually has the chance to survive. Jeff rosenberg is joining us right now. What a week it has been in the market, tested in several fronts. Lets talk about credit first. We have the fed and the treasury having a little bit of a spat over the emergency programs introduced this year. I have to say this market has responded quite well to it. What was your take . The the most important of support measures are not affected, these were not used very much. They were most effective on announcement date, not much uptake. The market is seeing through that, and its a little bit less of a significant Market Reaction because it is less of a significant issue, if those support measures were to fall away. Pointsn as my colleague out, hasnt harmed the appetite for debt. We have been tryin
The nasdaq is 1 higher. 715. 80. The yun at crude oil is rallying again after inventories earlier on were a massive surprise. 34 a barrel. Calmern calm her vix vix, below 28th. Lets get a market check with taylor riggs. Onlor a trend going underneath the service is it is the big caps outperforming the small caps. One of the day got performers today outperforming the nasdaq and the russell 2000, the. A lift off in 10 year yields, up to 70 basis points. Hsbc told me yesterday that their target is still around 50 basis points. You still see that 10year range where it has been the last few weeks. I want to show you a chart in my terminal. We have been talking about the rally in European Equity markets after an announcement of their recovery fund. That means it is catching up to the s p 500 on a former pe basis. The s p is about 27 times the european index. Pe up to about 20 times on a basis. I want to take a look at the home index. Forooks like it is losing the first time after a nineday r
It was nominated for 11 categories, including best actor. Two of the nine films nominated come from netflix, the irishman, and Marriage Story. Global news 24 hours a day, onair, and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. Im Mark Crumpton. This is bloomberg. His political fight for an vonnie it is 1 00 in new york, 6 00 in london, 2 00 in hong kong. On vonnie quinn. Welcome to bloomberg markets. From bloomberg World Headquarters in new york, here are the top stories on the bloomberg and around the world we are following. Earnings season, banks kick off the season this week. With ilanaak weinstein. Her views on the health of the Hedge Fund Industry and the supply demand dynamics. Outbreaks of the disease are increasing. Cases are skyrocketing in the u. S. , europe, and asia. Lets take a temperature of the market this month. Kailey leinz is with us halfway into the trading day. Kailey vonnie it is 1 00 in ne, 6 00 in we have be
Go on to a second look at firstquarter gdp later in the week which may decline. Thats a rear view of the First Quarter but radioshack is the only company of note reporting. Their store were i live is gone. Its a train wreck. Lets do a data check. Equities are better than good. A record high in the s p 500 and we advance further. The euro is off the key elections. Vxx shows the good news in a quite markets. Goal begins a decline, still and arrange but nevertheless 1284. But weaker yuan and the indian rupee turn as they have a new government. Here is the minimizing shareholder value of astrazeneca. That is painful. Table,as a deal on that 53 pounds, 50 pence and now its trading like 42 because there is no deal. We looked at the newspapers and scarlet fu did that. There is a lot to go over with the elections. I want to start with ukraine which has a new president ends in his excess on the battlefield. The governments of the military has significant significant losses from rebels. The its
Change of heart and Islamic States. K coming to the aid of kobani. U. S. Has been pressuring turkey to help aid the kurds in kobani. To south africa, where Oscar Pistorius has been sentenced to five years in prison for killing his girlfriend. His lawyer says he must serve 10 months in jail and then could be sentenced to house arrest. He was convicted of the equivalent of manslaughter. He killed his model girlfriend, reeva steenkamp, when he fired four shots into a closed bathroom door. In russia, one of the heads of the Worlds Largest Oil Companies has been killed in a plane crash when his plane struck a snow plow on a runway in moscow. Investigators say the snowplow driver was drunk. Apple is getting ready for another end of the year shopping spree. The complete forecast for the Current Quarter beat estimates. Ceo tim cook says demand has been staggering. He would say that. The story with the ipad is not quite as good. Sales of the tablet missed estimates, down 13 from one year ago. B