Distribute 300 million doses of the Coronavirus Vaccine in india. Says it is paired with an Indian Company to conduct phase three trials in india. A top Indian Health official calls the partnership a winwin for india and the world. In lebanon politicians have missed a deadline to form a new government. The deadline was set by Emmanuel Macron who has been pushing lebanon to an act urgently needed reforms. Lebanons struggling economy took another hit when an explosion killed nearly 200 people, injured thousands and caused losses worth billions of dollars. Global news 24 hours a day on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. I am Mark Crumpton, this is bloomberg. It is 1 00 in new york and 1 00 a. M. In hong kong. Welcome to bloomberg markets. Here are the top stories. It is fomc decision day. Unveiling a strategy on inflation. Today they have the opportunity to back up their plan with details as they look to accelerate
Is being called into question. They say they cant keep up with the s p 500. Investors in this market may need to think outside of the box, invest in areas like private markets, maybe even areas like cryptocurrencies. Joe this is a huge question right now even prior to this crisis, we probably had a million discussions about what is the future of the 6040 portfolio. Treasury yields are so paltry. Limit. S sort of a hard if 0 yield is through a radically the farthest it can go. That being said, they do phenomenally well i cant think of any other portfolio where you are like, is this the end . It is doing phenomenally well up until now. The question is, can it go further . Romaine i guess the big debate here, when the 6040 portfolio was conceived, you have this sense that bonds and stocks were representative of the free market. Look, the question then becomes what is the alternative. Cryptocurrency, gold. What do you replace bonds with . Or do you wait for stocks to revert to the mean . A
Installed within a whisker of februarys alltime high. The cash trade is less than one hour away. Your are your headlines. Germany extends its Job Support Team until the end of next year, spains or rules out another National Lockdown as cases rise. Britains vaccine bet, the u. K. Backs a plan for a dnabased maxine. We look at a 50 million rates for a solution. And caveat emptor, u. S. Consumer confidence drops to the lowest level in six years. We will get the latest french figures out this hour. Just under one hour away from the start of cash equity trading in europe. Lets look at how futures are trading. Right now across europe, we are seeing slight green arrows. And i mean slight. You can call dax futures and euro stoxx 50 futures unchanged. In the u. S. , we see most futures contracts falling this morning, although also very slight drops. S p futures are unchanged after another record high yesterday. Nasdaq futures gained about 1 10 of 1 . Anna, what do you see on the gmm . Anna feel
It is office highs, but still a. 5 . Not too Much Movement in the dollar index. Just a little weaker before the fomc today. He 10year yield lets get a deeper dive into the market action. Standing by we have k. D. Lang. Katie playing. Hase dollar weakness become a proxy for risk appetite. It is once again weakening signals it is not entirely a risk off day. We are seeing it in equities. Even if crude is office to touch. On the subject of the fed and yields, something the market is paying close attention to for that decision in about an hours commentary on yield curve control. There has been a dramatic steepening of the curve in recent weeks. We have seen some flattening coming in. We are sitting at 115 basis points, the steepest it has been in about three years. We will see if the fed does anything to change that narrative. It is tech that is outperforming at the moment. The s p 500 Information Technology sector is higher for the fourth day in a row, up 5 over that time period even thou
Marco rubio will talk to us about the stimulus plan and whether it doesenough for smal business if youre out there and not a professional investor wondering what to do in these tumultuous times, dont worry, realworld pr practical advice, with suze orman. Scott chef feeshlgsd the ceo of Pioneer Natural Resources will join us along with Janice Henderson ceo dick wilder. It is a big hour, but weve got to start with the markets. The dow closing up about 1300 points and yes, its best threeday run since the 30s. The only problem with that is were also coming off the worst threeday run since the 30s and you have names you know and need to hear from we have put all of the allstars together, we have guy, tom, b. K. And steve. Everybody, its great, wherever you may be to join you on this tristate edition of fast money. Guy, im going to begin with you. A nice rally and you guys all said we could have the violent rallies to the upside, but not to throw water on it, we still have a vix around 60. I