Stayathome to save the birds of london. That is a good thing to say. It is the strangest august, and the only litmus paper youve got right now is the weaker dollar, the preponderant trend this morning. Francine yeah, weaker dollar. Im also looking at a couple things. When it looks at iron ore, it is significantly up, and we are looking at gold. First lets get straight to the bloomberg first word news in new york city with ritika gupta. Ritika Michelle Obama describes President Trump as unfit for office on the Opening Night of the democratic convention. The former first lady blasted him from his handling the pandemic. Worthen 150,000 people have died, and our more than 150,000 people have died, and our economy is in shambles because of a virus that this president downplayed for too long. Trump isbama said that clearly in over his head. President trump added a trip to iowa to his schedule today. Support has been slipping in a state that he won in nine Percentage Points in 2016. Polls sho
As stocks set records, theres a parade of Tech Companies announcing plans to go public. What does it mean for the markets next move . If you want to invest in electric vehicles but youre nervous about teslas high voltage valuations, there are other stocks to consider. Weve got the names. And forget for a moment about what a trump or biden election will mean for stocks. Im worried about the market response to a disputed election. Should i be . On the barrons round teabl, my colleagues, ben lev son, carlton english and al root. Ben, let me start with you. Give me a rundown of what happened with the stock market this past week and with the ipo announcements. I dont even know where to start. It was that crazy of a week. But the s p 500 and the nasdaq both hit records this week, the dow finally moved into the green for the year. And as you said, were getting ipos. Every company youve ever heard of now has a listing out there of some sort, some sort of filing. Theres a Company Called palin t
Welcome to bloomberg surveillance. I am Francine Lacqua in london. We are also getting a cut of an Oil Demand Forecast amid the darkening of the travel situation. If we go straight to the markets and have a look at those, the story really is with these stocks, so yesterday, the stocks had quite a big move, and we are trying to figure out exactly what that means for the earnings forecast for the future. What else i am looking at is crude oil, as you see, 42. 56, after the iaea report, and the litmus test, in terms of risk appetite, gold at 1930. Are signs of faltering after stimulus talks in washington remain at deadlock. Now, lets get straight to the bloomberg first word news. Reporter hi, francine. A warning that a failure to control the pandemic is undermining the economic recovery. The boston fed president says americas over eagerness to reopen has backfired. He is concerned many temporary layoffs may become permanent job losses. Rosengren my thought is some kind of stimulus is goin
Well, youre not alone the chart master is drilling down on the one sector running low on energy. How you can play it for a jolt its time to risk less and make more options action starts right now. Hopefully the dog days havent gotten you down too much it is friday, why not, 2 30 on the west coast lets get right now to it. It was a record week on wall street that should give you energy. Right . And a remarkable week for the Federal Reserve as well. The nasdaq and s p 500 hitting fresh all time highs and the dow turning positive for the year. Look at that all this after the fed made a major policy shift saying theyre going to allow inflation to run hotter than normal to help the american economy. Jobs over inflation headline that was big in the bond market. The tenyear yield hitting its highest level since june, and the yield curve sharply. Tony zang says theres only one stock that can be a big winner, at least one stock that could, tony, who is it . Take it away. I wanted to take a look
New infection rate increase of over 10 . He called her that definitely an uptick, which is generalized in europe. There will be new effort today to make progress on the next round of pandemic relief. White house chief of staff mark meadows and the nancy pelosi will speak by phone this afternoon. Talks at an impasse three weeks ago, meadows predicted there would not be a stimulus deal with democrats until the end of september. The size of about 1 trillion apart. Killed 51 worshipers at two new Zealand Mosques last year was sentenced today to life in prison with no possibility of parole. It is the first time that sentence has been imposed in new zealand. The march 29 shootings prompted new laws banning some semiautomatic weapons. They also prompted global changes to social media protocols after the shooter livestreameds attack on facebook. 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 Cr