It and shares of astrazeneca falling premarket, the drug maker hitting pause on its late stage Coronavirus Vaccine trial. Jim, you just tweeted coming to us in a few. Fired up about what . Fired up because i think that people have given up we had 10 correction, most of the people i heard except for jim pullsen in the previous show basically say, look, this is a dangerous its a bubble, its a bubble, its a bubble. Now, i think that anytime the market opens up big, carl, i dont like it but europe is up strong, i think that this idea that its a bubble, what is the it is the it tech is the it apple . Is it tesla . Lets take it case by case ive seen things that have come down a lot that are very interesting. Its just that im not sitting here saying this is the moment where you must buy all the zoom in the world but zoom just fell 30 zoom had a really great quarter. I had cloud strike on last night. People will say these are viciously overvalued, but they have come down and maybe this is the
Ask them, they know where they were that day. 9 11 is one of those rare moments, perhaps one of the only moments like it. Tom in washington, was a plane ascending with a plane ascending out of reagan, a flag unfurled along the west wall of the pentagon. Thee will be ceremonies at pentagon at the pentagon at 7 30 this morning. As you say, we moved to new york city. What a decidedly different 19th year of remembrance this is. With this pandemic, it will be a very different set of images this morning. Jonathan we will observe those moments of silence through the next several hours here on bloomberg tv and on bloomberg radio. Lisa, give us the day ahead. Consumer8 30, some price data. We are talking about a potential dynamite pillow, as we heard from albert gallo. Will we see the resurgence of inflation . At 2 00 p. M. , how big is the u. S. Deficit . We will get the august budget statement. Today, President Trump and former Vice President biden will be marking the 9 11 anniversary. I have
We are also getting some breaking news out of china for end of july Foreign Exchange at 3. 1 coming in trillion. It is a touch above that. The markets also focusing on the stimulus in the u. S. That may or may not be coming. President Donald Trumps latest attack on Chinese Companies also stoked tensions with beijing, which is why we are seeing treasuries and dollar actually rising. The president signing an executive order prohibiting u. S. Residents from doing any business with wechat, tiktok, or the owners of these chinese apps. Now, lets get straight to the bloomberg first word news. There has been no headway in talks between the white house and democrats over a new virus relief package. There are still major sticking points and both sides are accusing the other of refusing to compromise. One key difference is the top line number. The democrats want 3. 5 trillion of aid. The republicans want 1 trillion. Another round of monetary stimulus is expected from the bank of england. Policyma
Prevalent absolute everywhere. Lets get a sense of where we go from here in these markets. A good time to take a look at where the rest of the year looks with davos kicking often switzerland. The World Economic forum now underway. Joining us for a little bit further down the road from geneva, the silly askew not geneva,of bank from the cilia skin not because gkionakis. Vasileios i think a major suppressor of volatility and supporter of markets is the fed coming out in october and starting to it bet to expand its balance sheet. Question is that the market clearly took that guy as long as the market thinks it is kind of kiwi light kind of qe lite. Does the fed start to pull back a bit from that support, and the market feels like theres maybe a little less monetary stimulus in the system . That would be one nearterm catalyst that could lead the market to change the volatility regime. Guy do you think Central Banks are brave and up at this point to withdraw some of this stimulus . Wouldnt
Ideas. The Investment Committee is ready to go. The Halftime Report starts right now. It is did to hais good to hh us joe terranovterranova joins us lets kick it off with stocks. Record highs for the major averages, volatility, the lowest since the summer the question now does it clear the decks for a major move higher by the end of the year, josh brown, that question goes to you first hey, judge, how is it going how are you heres the big picture. Take the s p and the dow out of it look at the etf for atwx, global stocks without the United States in it, or look at the efa index, theyre both hanging at new highs. That is something that not a lot of people expected going into this year. There was a conversation about how the trade war would be damaging to europe and brexit would be damaging to britain what if i told you german stock market is up 25 year to date, japan is up 17 , the United Kingdom is up 28 . You wouldnt have expected those things to be happening that back drop is importa