Thank you for being with us on this simulcast, Bloomberg Radio, Bloomberg Television worldwide. Tremendous news flow wrapped around the details of a worsening pandemic worldwide, and indeed across this nation. Also looking at markets off the faxing news, futures up 10, dow futures up the vaccine news, futures up 10, dow futures up. New low on the vix as well. Looking at the calendar, everybody is recalibrating. Weve got a major house recalibration of the equity markets out moment ago. Jonathan at Credit Suisse, Jonathan Golub, they have a forecast yearend on the s p for the end of 2021 with a 12 upside. The 2021 forecast is designed to answer what the future will look like in the future. He makes the point at the end of this paragraph that the rotation into the cyclicals will largely be behind us, and they stay overweight on tech, also overweight on the financials. That is just a flavor of where Credit Suisse are at this morning. Tom the conversation forward, and i cant say enough on r
A lot of us a back in lockdown. The thrill of life in the big city is dwindling. In fact, that life in general is changing in a big way. Its coated 19, redefining cities as we know them. Well, besides getting people to accept that mosques, good hygiene and social distancing do actually help in preventing the spread of diseases like cove. It is just one thing id like to ask my workmates, friends, family and everyone else out there. Lets make this work. This is a once in a lifetime chance to change our working world for the better. Lots of us probably never thought we could do our jobs from home. What a great opportunity to free up more time instead of commuting, be more creative and productive. It can take a lot of discipline, though not to get into lazy habits. This is a totally new way of working and is also a lot more that could change besides ever returned to normal cities teeming with traffic. People moving freely with no fear of covert 19. How will this pandemic shape the future o
Rotation this hour plus, there is still one over big overhang for stocks and that is covid cases spiking, cities shutting down. Well talk to one of los angeles biggers playest playert retail, dining on power lunch right now. Thank you, tyler. The markets are off to the races with the dow topping 30,000. This time its not big tech leading the way. Dom chu is looking at the rotation pro tellipelling us hi. Lets talk about the gold star right here. 30,117 is the intra day record so far that was the high of the day at the pandemic lows, intra day we were talking about 18,214 weve gone up roughly 65 since the pandemic lows we saw back in march. Something to keep an eye on when we talk about the dow industrials and. Talk about whats happening between growth and value take a look in just the last monthtodate period we have now seen a real outperformance in some of those value stocks just in the month of november. Well see if that trend continues with that orange line picking up steam with the
Its monday, november 16, 2020, this is the cbs morning news. We begin with 11 million cases. The u. S. Reaches a grim milestone in the coronavirus pandemic which is surging in nearly every single state. Over the last week, the u. S. Recorded over 1 million cases, including a recordbreaking 177,000 on friday. Hospitalizations are also at an alltime high. Meanwhile, more states are announcing new restrictions to curb the outbreak. Reporter new covid infections are skyrocketing across the country. Icus and morgues at capacity, mobile units deployed in texas. A new crackdown as americans battle pandemic fatigue. We need to hold this pandemic down until the cavalry arrives. Reporter Washington Governor Jay Inslee ordered restaurants, gyms and other businesses to seize indoor operations starting tomorrow night. Also beginning on monday, the hardhit Navajo Nation will restrict stayathome orders. Well do everything in our power to keep our people safe. Reporter hospitalizations across country
Expelled. What is the Republican Party doing . Amateur frenzy, investors trying to stick it to the mighty hedge fund. Will they succeed . Lets go outfront. Good evening. Im erin burnett. The enemy is within. The speaker of the house pointing the finger at members of congress when it comes to security at the capitol. The enemy is within the House Of Representatives. What exactly did you mean when you said the enemy is within . What exactly did you mean by that . It means we have members of congress who want to bring guns on the floor and have threatened violence on other members of congress. It comes amid growing democratic calls to censure, even expel qanon aligned congresswoman greene. She indicated her support for executing democratic politicians and supported, among other truly bizarre Conspiracy Theories, you know, that a plane didnt fly into the Pentagon On 9 11. The Parkland School shooting in which 17 people were killed, kids, was engineered by left wing antigun proponents. What