Temperatures. More than 8400 wildfires have scorched more than 6000 square miles in california since the start of the year but mostly since august. 31 people have died. The judge investigating a massive blast in beirut in august has received a report from the fbi about its own probe of the explosion. Lebanese media says the judges also waiting for similar reports from french and british explosive experts. Nearly 3000 tons of Ammonium Nitrate exploded at the port my killing nearly 200 people and injuring more than 6000, and causing billions in damage. 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. Vonnie it is 1 00 p. M. In new york, 6 00 p. M. In london, and 1 00 a. M. In hong kong. Im vonnie quinn. Welcome to bloomberg markets. Here are the top stories from around the world we are following. Day two of questioning for Supreme Court nominee Amy Coney Barrett
Citis analyst call is getting underway. Jp morgan had their analyst call. Those stocks are now lower. Sonali basak has been on the call and joins us now. Why the rollover here . What has been the take away so far . Sonali we saw lower Loan Loss Provisions than initially expected, but at the same time, theres a lot of uncertainty ahead. Reserves releasing slowly because we dont know what the economy is going to look alike the future. Jamie dimon told media this morning that there could be considerable suffering if we do see a dip in the economy, and we are on a day where we are seeing coronavirus cases up a bit. Asking a and analysts lot of questions this morning about Net Interest Income and kind of securities that could pose to executives pushing back, saying they are not about to change their Business Models on what they view as temporary headwinds. Getting some breaking news, so hold that thought. The wto is coming up with its news relating to the airbus boeing case, awarding 4 bill
Donald trump is on fighting for. The throw but now they say im here like good for you i feel so powerful that i. Just never. As he hits the battleground state of florida doctors say trump has no testing negative folk over 90 and democratic challenger joe biden also on the attack with just 3 weeks until polling day. Welcome to the Program European governments trying to tighten coronavirus restrictions in response to an overall spike in infections are facing growing resistance many people across the continent say the changing rules are inconsistent and confusing until now germany had to seem to be. Weathering the pandemic better than many of its neighbors but the number of new hotspots in the country is increasing especially in the big cities some good news though Germanys Health minister. Says he expects a vaccine to be ready in the next few months. Germany is backing several efforts to develop one sponsors there should be more than enough to go around. Nearly just about me you we have
High end model with the biggest screen yet but shares are slipping after yesterdays big gains. Banks but are in the red a busy afternoon 59 minutes left of trade the dow down 157 or so. Lets get to the big stories. Josh lip ton has the latest from today as apple each. We have the latest on eli lily and we have the Broader Market action josh, apples shares are slipping today, but still higher so far for the week. Wilf, apple bulls will argue what you saw today is the start of a new iphone super cycle. We have to wait and see whether consumers though are just as excited. Tim cook introducing the companys first new 5genabled iphone, the iphone 12. It will be available in four versions, different sizes starting at 699 for the mini, which has a 5. 4 inch display to the max, which has a 6. 7 inch display and costs 1,09 9. The transition from 4g to 5g is complex. Some argue 5g coverage is spotty right now. Though it could act as a catalyst helping to bring the technology to the mainstream won
I see london, i see france, i see you in your underpants i always hated that diddy when i was a kid but you know what . It perfectly describes todays actions. Sellers caught with their pants down tipping just. 15 . Yep, this morning investors saw london and they saw france, not to mention milan and madrid. Specifically the europeans getting hammered as covid back on the continent they figured wed import those losses from europe so they furiously sold their stocks to get out ahead of the weakness. Many of these jokers probably trading in their pajamas the feet with the dr. Dentons. Panic pretenders here dumped shares at a 10 1 ratio, meaning there were 10 shares for sale or down for every 1 share someone was trying to buy. Now the late, great mark haines, one of cnbcs finest, always used that 10 1 ratio to call bottoms, including the generational bottom that he nailed in march of 2009. When the ratio sellers to buyers is 10 1 hed say you have to hold your nose and buy because that kind