And technology outperforming in todays trade. Theyre all up more than 1 hers at the moment weve got 59 minutes left to go in another wild session. Green across the screen once again. The company now pivoting to very different space. Well speak with the ceo about the strategy shift plus, former ceo getting in on the spac craze with a Blank Check Company. Lets get straight to the big stories were watching mike santoli tracking the market on this first day of the Fourth Quarter. Steve leezmiesman has a look ate Economic Data and we have the latest on the stimulus notions its been a little jumpy. A little fitful action it is shuttling up and down within that range. It seems as if the market is trying to shake out the people or the al go riridg al algoriths the year to date chart, we remain here. We keep pointing out its kind of this, you know, upper range above the year to date break even level it is about 1 , 1. 5 up from this level in the 3400s. People say maybe represent an upside break
Rewards. All indices are higher in terms of the s p and dow. The nasdaq has turned lower in the last 30 minutes. Vix at 24. The euro continues to drive higher. 1. 1518. Strength after they managed to pass some grants and lowinterest loans to aid everybody. Of crude oil, Summer Travel season is in full swing as coronavirus cases pop up in cities across the country. Many are rethinking a potential comeback in the hotel and leisure sectors. Adam portnoy, is ceo of rmr group. Us,last time you were with it was toward the beginning of the outbreak in the northeast, at least the beginning of what we knew the outbreak would be serious. You were collecting commercial rents at a rate back then that surprised you. Beet been instance i since . Time wence the last talked, in terms of Economic Activity in our portfolio, we have over 2000 Properties Across the u. S. We touch every type of commercial real estate sector. As a result, we have a really good sense of what is going on in the economy on a d
Of protestive months in hong kong put the country and financial recession. Shery u. S. Futures unchanged at the moment after we had the s p 500 lower by. 3 . We had industrials and materials reading declines. Of course, we had concerns over trade negotiations between china and the u. S. , not to mention the weaker than expected manufacturing number and also jobless claims rising more than expected. We did get facebook and apple rising after earnings, and that offset some of the losses we saw across the board, but it still was not enough, so we had the nasdaq falling. 1 and the dow using more than 100 points. Lets see how things are shaping up in asia. Sophie after ending the best futuresnce june, pointing lower, kiwi shares off by. 2 as we wrap up a busy week of ecodata and earnings. Alibaba is to report later today. Data from china and korea will likely signal further economic weakness. A survey of chinese pmi in inober might see a pullback october. Were also going to get a bunch of p
Biotech getting a bounce in the back of biogen two names you need to watch in the space. Halftime report starts right now. Welcome. Good to have you with us our Investment Committee today, joe, stephanie, josh, brynn is back lets begin with this big day for earnings stefrl dow stocks are moving this hour. Lets talk about some of those right there. Stephanie link, you go first mcdonalds is a drag comps below. They had the first eps miss in two years. Oh, my goodness, your sale completely out of this Company Earlier or later last week, whenever it was, looks good today. I actually thought it was going to be worse than what they put up today a 5. 9 global comp is impressive but the problem is they have to investment invest substantially to keep up with the competition. While i liked the story a while ago because of the Digital Initiatives and the ceo and all the things he has been doing they have to spend you dont get the operating leverage positively i was looking for. I got lucky, but i
Elections as a new coalition coming together. He was given up as dead politically, and we are looking called 2. 0. Eing taylor the one mdb scandal sends a malaysian leader back to court. The Opioid Crisis hits the bottom line for a toptier company. A lot of questions remain and no opioid maker is out of the woods. Taylor a longtime Federal Reserve leader claims the banks should play a political role. This is going to give ammunition to trump. Taylor in San Francisco fed daly with mary thoughts on policy for a fed leader. I supported the change to put the economy back in a good position. Taylor it is all straight ahead on bloomberg best. Taylor hello and welcome. I am taylor riggs. This is bloomberg best, your weekly review of the most important news, analysis, and interviews from Bloomberg Television around the world. Lets start with the day by day look at the top headlines. Ater last week closed with flurry of tariff threats between the u. S. And china, President Trump delivered posit