Justice kavanaugh expressed sympathy for mr. Trump plus that votes received after election day would be taken by fraud. Turkey is threatening to military operations in northern syria. The kurdish militants are not clear from areas along its border with syria. Erdogan saidident a russian airstrike that targeted turkey backed Syrian Rebels shows moscow is not looking for lasting peace in the region. His comment conveys after an airstrike that killed dozens of foreign fighters. Global news, 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in more than 120 countries. I am mark crumpton, this is bloomberg. 1 00 in new york, 5 00 london, 1 00 a. M. Hong kong. Here are top stories we are following. Equities as the s p 500 tumbles around 3 . Headed to its worst day in almost two months. Rising coronavirus cases tough and lockdowns, adding to worries. Toogh there may not be much rude about, bruce think is going to make ago. Insurance platf
So bad that were going to be debating whether were in a serious recession or depression. We have pockets, though, of strength Like Technology and health care. But those pockets cant offset a very weak backdrop, can they we saw it again today. The dow lost 218 points. The s p 500, it tumbled. 7 . But the techheavy nasdaq also had the darn gall to rally. 51 , and was up a percent most of the day. Oh, the indignity. If you make technology that helps businesses cut costs by firing people, or having them stay home, youre doing great. If you make something people literally captain live cant live without, medicine, terrific Everything Else is a drug here staggering layoffs and the big drop in the index i am worried about, or at least a lot of what im worried about which is 9 s p 500. It gets worse. If you run a business leave it to the u. S. Economy and not chinas economy, well, now your stock is getting walloped. Over and over in the earnings season we see Companies Report an incredible 2 1
America, today i am asking our chairman to proceed with articles of impeachment. I commend our Committee Chairs and their members for their somber approach to actions i whh i wish the president had not made necessary. David they ask them to move fast so the senate quote, can have a fair trial. Edward lawrence with more. Reporter White House Press secretary Stephanie Grisham says the democrats should be ashamed of themselves. House Speaker Nancy Pelosi outlined in the statement that the house is protecting against threats foreign and domestic. She is saying that the house is protect the u. S. Constitution. Listen to her answer when she was asked if she hated the president . This is about the constitution of the United States and the facts that lead to president s violation of his oath of office. As a catholic i resent your using the word hate in the sentence that addresses me. I dont hate anyone. Today with the speaker announcement she has weakened this nation. Reporter that is House Mi
And, it is one year until the president ial election and states are struggling to update election systems. What it means for voter privacy and Election Security. Uber is out with earnings and it is not a pretty picture. Shares falling in afterhours trading on monday. Growth bookings missed estimates. Also light of estimates, uber eats and monthly active platform consumers. We want to bring in tom white, analyst with da davidson, who makes a market with uber and lyft. Someone said he is a little bit surprised by the reaction given that they are a little bit more positive than negative. Your take . I agree. When you look at the top line numbers, the revenue number was really strong. What the rates tell you is that uber is cutting down on subsidies and showing the improved take rates for both rides and eats. Rides growth, booking growth, Revenue Growth all in line is a sign that they are focused more on profitable Revenue Growth. Taylor tom, you can see the fullyear adjusted ebitda loss,
Abigail the s p 500 clearly outperforming, up 23 , on pace for its best year since 2013. The Energy Sector is a positive at this point this year but up 6 . Looking at beatendown sectors to get some ketchup potential. Energy is one of them. Some traders are going that way on the day. Renita im taking a look at marble technologies, which is rising to its highest since august, upgraded to outperform from market perform at wells fargo. Gary mobley says he has seen a we exhibition in the Data Center Capital expenditures. To put it in perspective, the stock is up more than 65 so far this year. He says marble is seeing robust demand for components from 5g base stations to nokia and samsung. That the company can generate 600 million in 5g customers. Its they also expect to see this demand for 2019 and 2020. Taylor i am looking at shares of uber. Set theing enough, lyft bar pretty high last week after they had pretty tough top and bottom lines. The pressure is on now really uber as they look to