Lisa is off today. Jonathan look at the goldman note, tom. Go over that. Tom roaring 20s from goldmansachs. J. P. Morgan talking about market nirvana. Lets look at where future are right now. S p 500 futures this morning, kind of chopping around. Positive. 7 of 1 . But here we are at 3567 and ldman coming out, tom, for 2020. Lut lets go with the year end 2021. 4300. 16 upside through 21. In addition to the upside in the year end. Jonathan again, its everybody readjusting hearing, yeah, its a vaccine and i know he likes the value and e. S. G. Its got to be more than the edical news. Jonathan a vaccine is a more Important Development for the economy and markets from the perspective policy of a biden presidency. This is historic for the market right now. We talked about it reapedly, this market is living in the ackhand of the 2021. The deterioration of the covid cases and a contested election down in washington, d. C. That has not been resolved yet and a senate race that has not been reso
Seen the abend flow. Flow. Ched the ebb and we are right now on this radio and tv simulcast in a major state of flux in terms of market dynamics. Jonathan in detention in europe continues to build. The lockdowns, if we can call them that, in the last 24 hours, versions of them in france and germany. And then the news out of nice, france, investigating a knife attack. I want to avoid speculation and stick with the facts. We are learning very little about what has happened in the last couple of hours. Tom it is an overlay on the pandemic. We just spoke with nicholas finn. , thee continent of europe boat capsizing on the English Channel a day ago. Immigration is different over there. The social tensions are different than america, arent they . Jonathan it is, but the social tensions in france are very unique at the moment around islamic terrorism and the weekly satirical nasa getting weekly hebdocal cartoon charlie has produced. We have seen this far too many times, and unfortunately we a
Winds that could reach 40 mph. It is headed for the Tourist Centers of cancun and kosovo. It could cause as much as 10 million in damage. It is to hit somewhere between louisiana and florida. Spacex has launched a rocket carrying 60 internet satellites. They will join hundreds of others in orbit around the earth. Recent launches have been plagued by a variety of problems. Spacexs billionaire ceo, elon musk, said he checked launchpads before todays mission. Global news, 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in more than 120 countries. Im Mark Crumpton. This is bloomberg. It is 1 00 p. M. In new york. 1 00 a. M. In hong kong. Welcome to bloomberg markets. President trump is back in the , painting a sign of strength and vigor. Any vaccineance for approval means it will likely come after the november election. We have all the latest. We will also talk with the herbal life chairman and ceo. Ins, how much is that doggy the wi
I think it is a mistake that because we helped the wealthy we shouldnt do it. The reason they did it is because of that. If you dont lift up the economy, the people who suffer the most are the poor. The fed is thinking about how do we lift up the economy they shouldnt hurt a wealthy person to make them feel good. They are doing the right thing now which is to let them get through this there are going to be serious situations thats kind of a secretary dairy problem right now. We should get through this and kind of unwind some of this stuff wisely there are huge incomes you could have negative imcome tax, fix education there are a lot of things we should be doing to help the poor federal policy is not the thing they should focus on letting the economy grow they dont focus on Growth Strategies they have policies that dont help growth. If you had 1 growth in the United States over 10year period, that would be 4 trillion gdp thats like 10,000 a person extra. That pays for a lot of social sa
Reaffirmation on the American Labor economy in this hour, claims, and all of the various numbers that come out with it. Forget about the markets. Forget about the chancellor of the exchequer actually dealing with the United Kingdom labor market. It is a question of millions out of jobs. Jonathan permanent job losses as well, and permanent shifts in the economy. Thats got to be my big take away, government confronting the idea that perhaps we are seeing permanent shifts in the economy, and they need to allow that creative destruction, the powerful transformation of capitalism to take hold and maybe step back a little bit more. Ive got to say, some people will push back aggressively against that and say this is a pandemic, it will pass, and perhaps we will get some return to normality. That will be a debate for the several weeks, months, and hopefully not the next several years. Tom david kostintom will join us from Goldman Sachs with an important discussion on the equity markets. Future