Good morning, everyone. Welcome to bloomberg surveillance. I am Francine Lacqua here in london. A lot going on, because we have Christine Lagarde testifying in parliament. We will bring you anything that comes out of it. The markets focusing on infections rising around the world. They are focusing around the fact that we could see a stimulus. Lets get to the markets. I dont know if we have them. If we do, it could be great, and it would be a good time to look at them. Overall,ok at stocks they are falling along u. S. Futures, tougher restrictions, progress toward a vaccine. We have plenty more of course on that. Astrazeneca at rising amidst positive news on its coronavirus vaccine. We are hearing from Christine Lagarde. We had an exclusive conversation days ago. The focus is on the need for a stimulus. The focus is also on the need for markets to do a little bit more. She said basically the ecb delivered in the first wave. She is talking about the physical packages, on course for a fis
Airbnb expected to go public this week. Analysts saying it will surprise above its target despite all the headj winds the travel industry is facing. Well explaint iwhy ase xdp lunch starts right now. Thank you, ty the dow pullingqback but still above 30,000 only six dow stocks are higher right now. Teq apple is one of fthem the dow industrialso so far today as well as theee nasdaqe pos t composite and russell 2000 each have hit a record high intra day despite the fact the the dow is lagging, only up 5 and 13 gains over here for the Overall Index for the russell 2000 look at other parts of the market were also watching as well look at the semiconductor. Dze cord highsf pushing the semiconductors, possibly a leading indicators for the rest of the markets and another set of record highs tesla. Billion, would make it close to around the sixth biggest stock in the s p when it eventually goes in. That happens before the open of business on december 21ste1. And perhaps Short Co
Whats happening is a covid spec. Cases in the state of california have doubled just in the last 10 days. This is simply the fastest increase california has seen since the beginning of this pandemic. As a result, contra costa is one of 60 counties now in the most respect to purple tear. Joining napa, santa clara, and so dominant counties. Only San Francisco, san mateo, and marin counties are one step above in the right ear. Even so, Indoor Dining is also coming to a halt. Health officials say, the spike is occurring even before the holidays or the heart of the flu season. Thanks giving hasnt occurred yet. The weather just started getting cold. We havent seen anything yet. The fact that we already see surges in cases before all of this that events is particularly concerning. It seems restaurants and bars are getting the blood to the plane for whats happening. People sit at tables even if outside are pretty close to folks who the are not with all the time with the masks down. Those are th
I see Energy Leading the way welcome just like tyler said, tech is lagging the Broader Market right now. You can look across the sector board behind me. Financials down only 1. 3 . Look at technology its the worst performer down 5. 6 today even as the nasdaq hit a record high yesterday, its not just the big cap tech stocks selling off. The momentum names have been struggling for a lot of this week already take a look at zoom. The stock is up nearly 500 this year the this amounting to a pretty big pause. Same story with tesla. Its down 18 . Finally docusign is down about 10 . About 8 today 10 in two days and it reports earnings after the bell. Well have more on that in a moment first, lets get to bob for more on this market sell off today. Bob. Youre right, kelly this is largely momentum driven. Not external news events around the economy or vaccines like that the news has been positive let me show you the momentum etf. These are the Largest Holdings in the momentum etf. Look at stuff t
A weekly radio show is called spectrum if you would like any information on the krona marash or any other science topic we should really check out our podcast so you can get it wherever you can get your podcast you can also find us at d w dot com slash science. Its 90 Percent Complete but could north stream too and hit a dead end gemini is readying itself to receive russian gas but some politicians in but then on the pipeline project stops over the foisting of prominent critic of the kremlin alexina valmy. And foreign firms may soon find it harder to do business with russia well look at the potential the economic sanctions. And tech stocks have taken a tumble in the us and the trucking Global Markets down with the. Place is deemed to be business on whats in. Berlin its great to have you with us german politicians are turning up the pressure on north stream too some of them want the project which will deliver gas from russia to germany and beyond to be stopped over the poisoning of prom