Territory, albeit slightly steve weiss, virus cases are exploding, 145,000, hospitalization new record, stayathome stocks are up, reopen stocks are down im wondering in the Bigger Picture but bringing it down to the sort of ground floor level, you just bought Delta Airlines the other day. We just talked about it. And im wondering if now youre reassessing that kind of move and whether other people should, too. Well, deltawas a position position and my portfolio is not very well balanced, its all in growth so i took a shot im not going to buy anymore here these airlines and Brad Gerstner pointed it out, theyre going to be diluted on an ongoing basis this year, next year as they seek to replace their bonds, their debt, with equity. Cramer this morning was right and ignore these covid cases at your own peril next couple of months, probably next three months are going to be very rocky from an economic standpoint as theres no appetite on the part of this administration to take any kind of st
Alex azar, 7 30 a. M. Eastern with war on coronavirus and potential vaccine and whats being done to curve spikes. Im joined by donald trump, jr. , we are talking a lot with him, dont mishis take of 2020 race, mailin ballots, ongoing protests and social media and a lot more. Final day of Second Quarter, we are wrapping up a quarter thats been the best in 20 years, markets mixed, dow industrials down 70 points, the nasdaq is up 6 points and s p down 5. For the the Second Quarter markets are up sharply with yesterdays gain 180 points. For the Second Quarter, the dow up 16 , nasdaq up 28 and the s p 500 higher by 18 . Their best quarter since 1998 on the dow and s p 500. Federal reserve chair jay powell says the path ahead for u. S. Economy is extraordinarily uncertain. Powell and secretary mnuchin will be testifying before House Financial Services committee today on Pandemic Response and Stimulus Fund landed. More Companies Joining the facebook ad boycott costing the social media giant bi
Lower, carnival down another 26 . Oday as well the 10 year yield at 61 basis points, and tmobile finally completed its merger with sprint in spite ofout. 4 the losses. Lets check in on the bloomberg first word news. Heres mark crumpton. The United Nations General Assembly is considering how to response to the coronavirus pandemic. Not as have been sent to resolutions for consideration. The most widely backed one provides for International Cooperation by sharing information. The other calls for abandoning trade wars and implementing protectionist measures. Because the global body is not holding meetings, the resolution is defeated even if one country objects. Drugs for malaria and certain autoimmune diseases are now on the food and drug administrations shortage list, meaning some patients who take those medications for rheumatoid arthritis, lupus, and other disorders cannot fill their prescriptions. The man served after doctors overseas said they saw signs of the drug could be used to t
Thank you all for being here today. m going to go out of order, thank you, mr. Chairman, for holding this important hearing. I first want to get on the record and thank our subject matter experts. Experts. If theres anything we legislative leaders ought to be doing an more broadly our government leaders, its listening to Public Health experts. Thank you so much and the experts in some of these discrete areas that will be impacted by the coronavirus. I regret that in minutes i have another meeting that pertains to this important topic. I just want to publicly express my intention to submit for the record some important questions i have for you related to the increasingly integrated supply chains that we now have between various enterprises and i guess this is this situation will create certain vulnerabilities uring times of what is now a pandemic. I have some questions related to supply Chain Mapping that im hoping someone will be prepared to answer and lastly, our reliance on foreignma
Alphabet. We will have details. Wework went from one of the most anticipated ipos to a floundering Coworking Company just trying to survive. We will look at what it faces in the new year. But first, our top story. Bloomberg was the first to report the iphone maker has a secret team working on a satellite technology, striving to find new ways to beam data directly to its devices. This is all according to people familiar with the matter. The company has about a dozen engineers from the aerospace satellite, and antenna Design Industries working on the project with the goal of deploying their results within five years. For more, i want to bring in bloomberg technologys mark gurman. What do we know so far . It is topsecret. It is operating like a startup in apple. It has the right funding. It has the ear of tim cook. It has a bunch of Aerospace Engineers and executives working on a plan to let iphones and other apple devices receive their data directly from apple developed antenna towers, s