31 was exceptionally important. I spoke to the vice chairman yesterday, and hes really enthused about expanding on a lot of this monetary mumbojumbo. It is an important speech, but the backdrop, you nailed this weeks ago, is the massive case build up in the United Kingdom that the Prime Minister talked about yesterday. Im sorry, the landscape changed yesterday when he went out to march of 2021. Jonathan the outlook for europe gets a little bit worse. The data on the Services Side backing that up. From my perspective for the Federal Reserve, the message they want to send if things get the message they want said, if things get better they want to send, if things get better. Tom how many times will we mention it . Jonathan i lost count. Lisa, will you count it . Lisa no, but im going to let tom know that. Tom 47 times. Lisa there you go, 47 times we mentioned fiscal stimulus. Jonathan just to clear this up for our listeners, our audience worldwide, tom keene has not counted how any times.
Spell the end of obamacare. Clinton spoke with the bloomberg number commented interview for todays bloomberg equality summit. Having this seat field right now as opposed to waiting until we know who the president is could very well mean the end of the Affordable Care act and the loss of healthcare for millions of americans who have suffered from covid19. Mark secretary clinton calls an unfortunate display of partisan power. C said she would not favor a strategy being discussed by some democrats to increase the size of the Supreme Court to dilute the conservative majority. Step tood that idea a far. You can watch this and more right here on Bloomberg Television and you can listen in on Bloomberg Radio and seymour on bloomberg see more on Bloomberg Live go. Global news 24 hours a day on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. I am Mark Crumpton. This is bloomberg. Vonnie it is 1 00 in new york and 1 00 a. M. In hong kon
And carters charting was an itb. Do those charts look at dire as its provided quite a bit of defense. Xhb has only been down about 4 this week, actually up significantly today while the markets were flat. So im not as bearish here on this particular sector but i do like mikes trade here. Because even if the sector drifts sideways, as mike says, he can actually still remain neutral on the sidelines with this particular trade. I like the strike prices too the fact that he bought the 50 strike price, thats slightly out of the money that means that hes risking less capital on that january 50 put. And by selling that october 48 put, hes actually collecting a fair amount of premium that even if this trades sideways, hes not going to necessarily take on a loss mike, last word yeah. I think one other thing to remember is that those january options capture a lot of things that the october options lbt, which is not just the last upcoming earnings that were seeing, but of course ones that were go
We saw a poll coming out of the weekend on sunday, a couple polls, actually, saying a majority of americans that were surveyed had very strong feelings about the fact that the president himself managed to contract this virus. Emily to a certain extent, it has served as a little bit of a wakeup call, if you will, that the president , with all of his security, testing, and the people that have been around him, even the most powerful man in the world can contract this virus. Can contract the virus. You see republicans. They have been sort of pushing forward and saying we are going to go ahead, continue with the debate, continue from what they can do with campaigning. Look over in the senate, where there is a huge debate going on right now about filling the Supreme Court vacancy. We have not seen any changes to that schedule despite the fact that we have three republicans who currently have the coronavirus and a couple of them sit on the committee that is going to be responsible for having
They know nothing theyre hanging on every word from Speaker Pelosi or secretary mnuchin, watching Mitch Mcconnells body language. We need to know if cash strapped states and Small Businesses will get the help they need but the stock markets already made up its mind it doesnt matter. Thats how we can some solid action today nasdaq soaring, 1. 42 hall hey lielujah were starting to hear about huge layoffs, okay disney, smaller ones at goldman sachs. Possible avalanche of firings at the airlines these people are losing their jobses through no fault of their own, and i hope the government can get its act together to help them, because its the right thing to do. The broader economy needs a stimulus package, America Needs a stimulus package but the market, oh, man, the market doesnt see a recession it seems a secular boom in Certain Industries i know this because were starting to get earnings from defensive companies that would normally give shareholders huge windfalls. But theyre greeted wit