Of tech trade war, while the streaming giant netflix misses estimates. Welcome to surveillance. I am yousef gamal eldin in dubai. Assetse risk eye firmly bid, the state of play of the s p 500 currently called substantially higher after of course the earnings picture continues to fill overnight, including from netflix, which came through with a miss. Latest lawsuit and the uncertainty in stride. U. S. 10year finally Getting Movement in the last 10 hours. We are at 81 bits, and the selloff really taking a little bit of momentum over the last few hours. Behold yield curve beyond five years is trading at four month highs. It is not a volatile rising bond yields. It is doing nothing to help the dollar, though. On the currency note, you have traders testing the chinese governments tolerance for a strong yuan. A major move in the u. S. Fx space keeps rallying, no matter what officials you doing. Gold getting a list as well, up. 7 . Keep an eye on that trade is what Billionaire Hedge Fund mana
President trump in florida, i noticed about an hour ago. He will leave in the early evening. I believe Vice President biden scheduled for ohio. What is so odd is the relative invisibility of the leader in the race, Vice President biden. This was a trump weekend they trump discourse. Jonathan the president has been in the spotlight for all of the wrong reasons the last couple of weeks. I think the former Vice President wants to leave him there. Not just orlando later this evening. I believe pennsylvania tomorrow, iowa wednesday, and thursday in north carolina. The numbers at a national level, and it some of these states, particularly iowa, where he crushed Hillary Clinton four years ago, much tighter this time around. Tom the polls are really showing the challenges there. What is important for me, for our international audience, it is surprising how the voting rules and the voting process devolves to the state level and even to the city and county level. Very different from the united k
Bloomberg surveillance. Im Francine Lacqua in london. A lot a focus is on the bank results yesterday. Many more banks reporting today with Technology Stocks and apple news. We expect a lot of earnings, and pound weakening, something to keep an eye on. Stocks,ook at european travel shares declining on concern of more lockdowns, but financial shares are climbing. Theyd are today, our active etf, new surveys say active equity funds underperformed in the first half of the year. Lets get straight to the bloomberg first word news. Good morning. Here in the u. K. , Prime Minister Boris Johnson is facing growing pressure to order a National Circuit breaker lockdown. The Opposition Labour Party is calling for increased nationwide restrictions for up to three weeks, after documents revealed the scientific advisors called for that action three weeks ago. The sprint to find a medical breakthrough to contain coronavirus stumbled this week. Eli lilly is the latest company to pause a trial as a safet
In the United States today, there are only 38 women serving as ceos of fortune 500 companies. One of those with the best track record is tricia griffith, ceo of progressive insurance, one of the largest Automobile Insurance Companies in the United States. She started as a claim adjuster and worked her way up to become in 2016 the ceo. Since that time, the stock is up more than 175 . My big mistake was, i didnt know her then and i didnt buy stock in the company. If she ever goes somewhere else, im going to buy that stock right away. So for those who arent familiar with progressive, and if you watch television you would be familiar, because you have a lot of television ads, right . I am just curious, why is it that Automobile Insurance Companies seem to advertise a lot . I see your competitors advertising. You advertise a lot. Is that because people will be guided in their insurance decision by the advertisement . Tricia it is just a really competitive industry, which is always odd becau
[laughter] one of the most powerful women in the Business World is ruth porat. She started as an investment banker at Morgan Stanley, rose to be the cfo, and was recruited away to be the cfo of google and now the cfo of alphabet. In that role, she has the normans influence at the company and has done a terrific job of making sure their Balance Sheet works well and that they are much better organized in the financial sense. I have no doubt she will be a power at alphabet for some time unless the next president of the United States says i would like her to be secretary of treasury. She would be a terrific candidate for the position. During this period of time google has done quite well , and alphabet has done well. Your stock is up 20 and i should say, from the time you became cfo, the stock is up over 200 and market cap over 200 . Then quite well under your leadership. But i am curious, are more people looking at doing searches now during this covid19 time than ever before or are people