Upping its offer for an aid package to 1. 8 trillion, President Trump tweeting go big a positive development on the covid treatment. Gileads treatment helps infected people recover five days faster than average and tech stocks are outperforming as a massive deal is in the work the week capping it off with a bang. Absolutely. The russell 2000 is up 6. 4 for the week the dow is currently positive for the year as a whole, just. Lets get to the stimulus news in washington and the reaction to it. Bob basketball has a look inside the market rally ylan moi, and Dana Peterson from the Conference Board bob, lets start with you on this very nice end to a strong week. Good news and bad news, will. Good news is, s p is up about 3 on the month the bad news is i am seeing a little bit of an inversion of the stimulus play today. Thats concerning if you are a believer in stimulus remember the stimulus play, bicyclicals materials and banks and industry and energy and go light on technology. That was wo
Future an interview that comes from the Washington Post. Good morning i am bob costa, National Political reporter at the Washington Post, welcome to Washington Post live in another special interview for the Texas Tribune festival. My guest is senator marco rubio republican of florida, he has been someone i been covering for over a decade since he first ran for the u. S. Senate back in 2010, senator rubio thank you for being here. Good morning thank you for having me. We are 49 days away from the election, you serve as chairman of the Senate Select committee on intelligence from that seat, what is the biggest threat to our president ial election in terms of foreign interference. I think first we have to break up foreign interference in the two categories, one is meddling in the architecture and mechanics of the election and the other is a message and psychological operations and warfare designed to get us to divide against each other, let me talk about the second one in terms of putting
Table . Speaker pelosi says theres a chance she and the treasury secretary can still reach a deal later, pause for tiktok why a judge sided with bytedance and blocked the Trump Administration ban. Futures do imply a big open to start this monday morning of course, coming off the first fourweek decline of the year. Mike, you did some writing over the weekend. Largely about the degree to which september is doing the job its supposed to do. That being the sort of pause that refreshes the argument here is that if we came into september with the markets at record highs and everything looking very stretched to the upside and sentiment and the technical position of stocks and maybe even hopes for an immediate stimulus and this fourweek decline has largely reset a lot of those factors right. You have sentiment very muchal coo acooled off and huge short position develop in nasdaq futures and pretty much 180 degrees on that front. I would say back in the neutral zone, not necessarily super beari
The hardest hit nation is iran. Nearly 22 thousand people there have died from covid19. Spacex has placed 64 more satellites into orbit. A rocket took them into orbit from florida. It is the 12th the batch of satellites for the companys broadband network. Rocketalso recovered the booster with a controlled landing at sea. 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 in new york 6 00 p. M. In london, and 1 00 , a. M. In hong kong. Im vonnie quinn. Welcome to Bloomberg Markets. In just a few moments, and inclusive interview with bill ackman of Pershing Square, an update on the spac and the market turmoil. Lets get to the markets. The vix today is above 30, the worst day for the nasdaq 100 so far since march. The nasdaq down 5 . The s p down 3. 5 . The dow down 2. 7 . Several individual companies have been doing extraordinarily well such as d
Some traction. Right right. Well, look, i think that the charges that leader mccarthy made which basically are saying that Speaker Pelosi just doesnt want to deal actually are in somewhat synch with what Jared Kushner was saying because that maybe there cant be a deal until after the election how about the next three months . We just decide theres been no ppp for september, october, november, i dont know whether thats sacrificing the american working person for the election or maybe someone actually thinks the economy is coming back david, you know that we are hearing persistent stories that because vaccines are all going to be ready its time to start thinking about a fedex which reports tonight, its time to start thinking about a Union Pacific i have on and time to start thinking about pretty much every industrial like caterpillar, deere its happening although lets i mean, vaccines you know, i dont even know how to parse that exactly, jim vaccines being ready when we actually talk to