Retail sales and Industrial Production gained momentum in september. The economy is set for a faster rebound than any of its peers. 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 we are following on the bloomberg and from around the world. U. S. Stimulus negotiations approach another tipping point. Secretary mnuchin and Speaker Pelosi will resume their conversations in about two hours, as the House Speakers preelection deadline zooms. How much trouble are airlines and without federal aid . We will speak to sara nelson, the International President of the association of flight attendants. And a big bet on shale. Conocophillips mobileye Concho Resources, the largest shale industry deal since the collapse
Harvesting. Have you gotten your ballot . Are you going to sign it . If you want, i will sign it. Here it is, get out of here. That is the most honest way of doing it, and that is unfair. Now they are taking all of that enthusiasm that our party has, and we have tremendous enthusiasm. I think we have record enthusiasm. [applause] whiche a base alexa nobody has ever seen including these people, wall street journal, fantastic story this weekend, fantastic cover story on the base, an incredible base. Everyone here will vote. We have a tremendous base. They dont. They have no enthusiasm for their candidate. Bernie, they had more enthusiasm for him. Bernie sanders, he is the greatest loser i have ever seen. This guy can lose and be so happy. [laughter] Hillary Clinton, i want to use nice language. I dont want to use a certain word but it starts with sc they will say he used foul language. Bernie sanders got taken advantage of by Hillary Clinton. Worse. By the democrats this time. Warren,as,
The week. Vix below 30. We have a stronger euro today. Europe definitely doing better on the coronavirus front. The 10year yield holding at those lows of 64 basis points. Kicking off this week. Investors awaiting report from the largest u. S. Banks. Lets get to brian levitt, invesco Advisors Global strategist. It seems there is more optimism than pessimism on the earnings front. Why should that be . Brian i think it is largely not investors view the Second Quarter as being priced in by the markets. 35 in 20 was down days, pricing in a bad secondquarter, and a big hit to earnings. From there, you assess whether things start to get better as the year progresses. Investors are largely looking out beyond the Second Quarter as there has been resumption in , as mobilityvity has improved, conditions have improved. It is largely a look at things getting better, rather than taking the Second Quarter will be anything but pretty ugly. Vonnie it seems investors will be cheered by anything. If you
Where people cannot really go to showrooms . What is the bigger problem, selling the car as you want to make, or making the cars that you are used to making . Biggest challenge early on was getting back so that we could make vehicles. We had a lot of work to do to make sure we took all the necessary precautions, learned lessons from china, korea, from our work in making ventilators and masks, and putting that to practice to bring people back to build vehicles. I am proud of how will the team adapted to working from home, and our dealers who have been great partners, going mostly online for the sales process, and developing a clean delivery system. Everyone adapted fairly well. Lifelongu were a General Motors person, you grew up in michigan, your father worked at pontiac. Stanford Business School and then came back to General Motors, worked her way up. Havee last six years, you been the ceo of the company. You worked through the Great Recession, also through 9 11. Compare this situation
[inaudible conversations] the hearing is called to order. I dont know why we faced discussing the house right now. I know we have excitement in her chamber but i want to welcome everyone to does very important hearing and im really excited to hear from our witnesses. At that like to thank Ranking Member lee and his staff are working with us to plan this hearing. So everyone looks at their first house fondly and tape it to first place they have live. For me in 1960 my parents wallpaper the last room wallpaper the last room in their house on a dirt road in plymouth, minnesota. I still remember the whole time growing up we lived in the same house and it had exposed wood ceilings. I had no dishwasher to the end but it had wood ceilings and my grandma who in the iron iron range said would come down to the cities to see the house and every single time my grandma mary klobuchar would say to my mom and dad when he is going to finish the ceiling . The brightly appliances yellow ovens was all pa