Board. We are off the lowest levels of the day. The dow is at 25,290 there is the nasdaq. Concerns about the virus and new hot spots around the country are part of the conversation as i look at moves, i see a lot of buys that suggest youre optimistic about the reopening of this country. Yeah, thanks scott. When i look at my portfolio as a whole, i have a heavy bias to the nasdaq 100 the qqqs which have done so well i think that as we are reopening that if you look at technically, a lofts tt of stocks like south six flags, they all look similar. They are starting to make higher lows and higher highs. I think as the reopening happens, this is where theres still risk but we think its compensated risk longer term to own some of these epicenter names that we think as the summer happen, as the reopening is happening, i dont feel comfortable just owning the nasdaq 100 and sitting in apple and microsoft and amazon i want to diversify that this is buying low feels like. Theres a million reasons
Moment and the nasdaq is up another 76 our road map this morning starts with the stocks surge all time highs. It is longest winning streak big techs, big problem why the new head of instagram think breaking up facebook would make it a less safe space. Share of beyond meat taking a dive after a downgrade the top is in only after 600 rally. Someone else i know has been talking a lot about beyond meat which well get to a minute. This is a beyond incredible rally. The dow is up 1300 points in like six days. Scott, great to see you first of all people came in your show describes it all the time. People came in short this month. Why . Because may is so bad. Why would they . The president goes off the real with mexican tariffs. Things are just too out of control. They just have this whole washington, it is just nasty today how does things reverse itself the risks are in we get a piece out i dont know if you saw a 50 increase break up google. 50 increase if it breaks up what can i say apple is
Negotiations. Mark he pushed back at the suggestion that he should release cash now. Make thee will not demonstration point. The syrian foreign minister today accused the coalition of wreaking discretion distraction while sparing the islamic state. Washington aims to destroy syrias economy and drag the were out. He said he would like to focus on a political settlement in syria. Rick snyder is standing by his the when in congress he learned of a fatal out rick despite a new disclosure by a senior aide who says weeks earlier the when he learned of a fatal out nearls before them including 12 deaths when the city was using the flint river water in 2014 and 2015. A spokesman said the governor was under oath and stands by what he says. I am Mark Crumpton. This is bloomberg. I am julie shapley. I am joe weisenthal. A touch softer. Joe the question is, what did you miss . Quite the claims it will be a huge tax windfall. New normal of weak inflation. Policymakers expressing concern, leading to
Theresa may makes a visit to brussels today to personally intervene in negotiations. Anna a very warm welcome to bloomberg daybreak europe. It just is going up. We gotten a bit frisky. Welcome back. Anna and is willing to do with me. It is the worlds biggest cryptocurrency. We crashed it through a thousand bucks in 2013. 56 day from two to three. Six days from 3000 to 4000. The only thing that impeded bitcoin was the possibility that the chinese might crackdown on cryptocurrencies in september. Good they go for it again . I love jv dimon. He said he would never talk about again. Anna how long did that last. They will pay the price according to the near post. Understated. If Goldman Sachs can be undecided, so can i. People were skeptical with paper money replaced gold. Heres earlier on the asian equity session. Asian markets taking a leave from the inflation talk to the United States. Sevenghest since 2000 and 2007. Just how structural is the inflation environment and United States . Ye
Word overnight the republicans will take another day to work on their plan. Theyre explain whats holding them subpoena our chief washington correspondent, kevin cirilli. Youre our washington reporter extraordinaire. Take us inside the caucus. Is this just tweaking details, or do they have real problems . Kevin they have real problems, particularly how to pay for it. Theres been division for quite some time on 401ks, as well as state and local Tax Deduction eliminations, and now phasing lowering the corporate rate. That is really going to be at potential risk. That said, the chairman of the house ways and Means Committee released a Statement Last night saying that while they are delaying the release of this legislation, legislative proposal until tomorrow, it is not going to hold up the markup, or the Committee Hearing that is going to be public next week. So all systems still a go for the markup. Where this poses potential problems in terms of the tameline by passing this at the end of