Thanks for taking my question, you added a sentence into the statement about the course of the economy depends on the path of the virus is this do you feel this idea or view is not widely enough understood do you feel you had warned back in may that too early reopening or cautious reopening might harm the economy do you feel that message is not heard and some of these reopenings took place perhaps sooner than they should have i think we feel that it might be the most central fact or the most central driver of the economy is the virus were seeing that again. You saw that during the lockdown when we got cases way down you saw the economy reopening. You saw spending go up and hiring go up now that the cases have spiked again. Again, the early data, highfrequency data suggests that theres a slower pace of growth at least for now. We dont know how deep or how long that will be. Its such an important sentence, we just decided that it needed to be in our post meeting statement. Its so fundame
Microsoft after the bell. First check on the markets. Dow up 300. Gains for the year pretty much flat, which is the outlier given the other indices. S p holding 4250. We have some decent guidance from old line industrials. That plus rates stabilizing adding to a pretty good picture. After five straight down days on the s p. Yields are up a little bit. Were below the 5 on 10year and guidance on Kimberly Clark and that es are companies that get hit by the strong dollar, which theyre absorbing. Lets start off with bonds. Bank of america saying the peak in rates could be around the current levels, though uncertainties remain high. Then barclays weighing in saying bonds dont look like compelling value despite the selloff. Ubs seeing better value in bonds than equities. What should we expect for rates from here . Do bonds provide better value than stocks . Joining us is td cowen president jeffrey solomon. Jeff, do you think weve seen the top in yields . I think were closer to the top than no
Cities cults and his southern invasiona. Did i read this in the biblee . When you look at that g building right there, what goes through your minoed . Of th come on in. The majesty of the white house. I mean, its a point of deep pride. You know, this is the stuff of dreams. Newsom jus ft found his ticket to the white house. E have b weve been very cleat were not looking to have confrontation with china. Chinioa hacked the bidention a administration, and theynd covered it up. And, oops, she did it again. Fox new. S alert, rfk jr the is dropping out of the democratic primary and will med announce an independent run for president. Mediate saysias Rfk Will Announ October 9th in philly. Im not going to tell you right now exactly what that announcement will be. I can sa wily, though, that if youve been waiting to come to one of my public eventsevent this will be the one to come to him. Ill be speakin. G about a Sea Chang Change In American Politics and what your parte y and my party is in th
Mark johnson traveled to see eclipse i just think its exciting. I like astronomy, i like science. We wanted our son to see it. This eclipse is uniquely an american event. The path of totality will travel from from sea to shining sea, tracing a 70mile wide ribbon from oregon to south carolina. Millions live in that path. Millions more are traveling to see the astronomical show. Shara collum eclipse watcher we dont have a lot of chances to see things like this. This is a once in a lifetime. Coming from as far away as europe. Thymen vuik here from netherlands to see eclipse the dark skies. I think i will love it. If you want to watch the Solar Eclipse you have to be prepared special glasses are mandatory for viewing pleasure and protection. Dr. Nicholeen viall nasa scientist you want to make sure that they are safety glasses so they have an iso number and a manufacturer number. You want to cross check those with eclipse2017. Nasa. Gov to make sure they are reputable manufacturer. Or make
Have been born in the u. S. The effects were also seen in three other pregnancies that were ended. The cdc says 234 pregnant women have been diagnosed with the virus this year. Im shery ahn. Bloomberg west does next. Is next. On cory johnson, and this is bloomberg west. Coming up, oracles transition to the cloud is accelerating. The companysdown cloud fueled q4. Plus, the value of bitcoin has gone up 70 in the last three weeks. We will talk to experts. And the cheapest, smallest satellites in the history of aviation are changinggame. First, to our lead. A twist in one of the biggest stories. Bloomberg has learned before microsoft bid on linkedin, salesforce made a bid. Sarah frier joins us. This is really interesting, and it starts to make sense what microsoft saw in linkedin, because salesforce saw the same thing. Jeremy and also the price. People were questioning microsoft paying a premium over their current trading, although lower than what linkedin was trading at six months ago. Pe