Data from the late stage kile of its Covid Vaccine and could reveal that data on how things work very soon were keeping our eyes on shares of southwest the airline saying it sees a deceleration in revenue improvements for the rest of the year, carl jim, well start with the balance between these covid numbers and the expectation that winter is going to be tough. But got to say some of the encouraging headlines out of curavac today saying that this might not be something we need every season because the mutation peers less frequent and more stable at basically refrigerator type temperatures. Look, im convinced that the people evolinvolved in this, i n well get good news from all these companies. Havent stopped the times. I expect good news from moderna. I expect good news from j j. I speexpect good news from glaxs behind, but astrazeneca. Here is the problem, carl, i keep thinking what happens, when do we get it when do we go to walgreens and just get it . And will everybody get it . I j
Crude getting wrapped into all of this. We get inventories coming out at 11 00, all of that wrapping into the story that maybe we arent that good at dealing with the virus again, despite what happened in the spring, and how that narrative will feed into your equity and asset allocation. The other story we are following his Morgan Stanley, the last major big bank to report earnings. Really wrapping out a winning week for wall street trading desks. The highlight was fic revenue rising 30 . That helped drive revenue above estimates. Also, equity underwriting fees came in double more than year before. Very solid. Now the question is, can it continue, particularly when it comes to the visibility of the election . Joining us now on Bloomberg Television and radio is jonathan pruzan, Morgan Stanley cfo, as well as sonali basak, bloomberg wall street correspondent. It is good to have you. Killer numbers, particularly when it comes to fic. What visibility do we have now for the Fourth Quarter .
Almost two weeks. Youre following through on that rally today, up 0. 6 . Eurodollar around key support levels. It is a broadly stronger dollar story. The bond market obviously in focus. No doubt we are going to talk about that terrible, no good, seven year bond option. I wonder, is that a threshold . Or was that just a fluke . David or was it late august . Globalime now for exchange, where we bring you todays market moving news from all around the world. Joining us in london is tony ahrens, on the phone from hong and on theen leigh, phone from when is a race from buenos aires is caroling a milan is carolina milan. Three activists in hong kong were arrested by police head of a rally. Karen leigh joins us with the latest. Karen Hong Kong Police arresting a number of prominent Hong Kong Police arresting a number of prominent speakers, including warning protesters that they could share that same space at illegal demonstrations this weekend. These are really raising tensions ahead of a 13th
Major averages slightly higher but now slightly lower, consistent with the week. The shortened holiday week with traders may be taking a break, considering on the year we have big gains for the s p 500 up 20 and the nasdaq up nearly 30 , the best year since 2013. An area of strength, Commodity Index is higher for a 12 day in a row. When will it we are looking at crude higher, up 6 10 of 1 and the real star recently is 10 on gas, up nearly the week, its best week since april of 2016 because of the very frigid weather in the northeast. Strength in gold, up 6 10 of 1 . Behind probably some of the commodity strength is the dollar. Dollar index down nearly half a percent, a decent decline for a commodity. This is consistent with what we have seen on the year. G btv 1595. It shows the annual gains or declines for the bloomberg dollar index. We are looking at a nearly 9 decline for the bloomberg dollar index, the worst ever for the dollar index and the worst sense ratess the fed is raising wh
Trading floor. Anxiety was high. Volume was heavy. The gainshe for year now gain. The s p 500 has lost more than on trill in market cap in february, and ity the third day of trading of the month. Heres how the major indexes closed today. E Dow Jones Industrial average dropped 1,175 points or 4. 6 , t. 24,3 the nasdaq was off 273. Thats a 3. 8 dip. And the s p 500 fell 113 points, or 4. 1 . Bob pisani reports tonightro the new york sto exchange. This was a roller coaster ride for the record books. At one point, the dow was alrey down 800 points going into the 3 00 p. M. Hour, then proceeded to drop another 800 ints in six minutes, then rallied back 800 points in the next ten minutes or so before ending down 1,175 points. We lost almost half a year in an atafternoon whhappened . We talked about the three risks the market is facing. First and foremost, inflation risk resulting from a stronger economy and a concern the Federal Reserve may raise rates quicker than expected. The markets pens