After yesterdays midsession rebound, the dow initially fell more than 750 points from the trading session before that striking turn around and finished higher more than 750 points s p 500 went from more than down 1,500 and nasdaq went to close up by 1. 4 these moves came after the fed said it would buy individual Corporate Bonds, not just the etf. President powell trading these today not only on what jay powell said but this idea that the administration will be looking for a 1 trillion package it just seems like the federal government is doing the best in their economy. S p indicated up by 41 and the nasdaq indicated up by 73. Looks like this morning, the 10year is yielding 7. 43 . Watching this stuff how it played out yesterday was kind of phenomenal i couldnt believe what we were watching at the close. It was quite unbelievable you are right houj part is the government stimulus unless that leaked out watching the market. It was down. I dont like mondays anyway. Then i saw 400 and bas
Lunch begins right now. And welcome. Im courtney reagan. Another day, another rally stocks are surging, the dow up nearly 200 points near the highs of the day all three of the major indices hitting record highs in what has been an unstoppable rally and tech leading the way again, the sector now up 4 alpha get, even mastercard and visa hitting alltime highs. And everything seems to be getting love, everything that you can think of buying is going up and lately even the most hated stocks on the street are feeling the love bob pisani has some of those names and an expractilanation f. Arising market can lift even the most hated this is called Short Covering where traders are short stocks are forced to cover their positions by buying back stocks. Either the price of the stock rises really quickly or the cost to borrow it might go up two heavily shorted names tesla and beyond meat have had really big rallies. Tesla up 20 , beyond meat up 43 . And that is likely triggering a short squeeze tha
Or so. It is been pretty steady with people coming in and doing not. There are couple different places here at city hall for people to drop off the completed ballots. Just inside that door is another place where people can drop off their ballots. In San Francisco, the big issues, while mayor is up for reelection this year, it is a position not partyaffiliated. There is no primary vote for mayor. Several ballot issues that voters here are deciding on. Seven. Prop a3g. They range from Affordable Housing to police oversight. Even to encouraging the San Francisco schools to adopt or allow students to take algebra until eighth grade. The really cool thing here at this voting spot in San Francisco inside is if you go in drop off your ballot, they give you the cool sticker and you could show off that you have voted. Unfortunately, you do it outside, you do not. As mentioned earlier, these boxes will be available until 8 00 tonight. Reporting live in San Francisco city hall, sergio quintana. D
1. 8 million undocumented immigrants brought into the u. S. As minors a path to citizenship. The measure was six votes shy of the 60 needed to advance. The bill was crafted by moderate republicans and democrats billing themselves as the common sense coalition. Health Officials Say the flu vaccine is not effectively protecting Older Americans and others against the bug that is causing most illnesses. The cdc said the vaccine is only 36 effective overall in preventing flu illness severe enough to send the patient to the doctors office. Global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. Im Alisa Parenti and this is bloomberg. Emily im emily chang and this is bloomberg technology. Coming up, peter thiels Silicon Valley retreat. Why the tech worlds most conservative billionaire and trump supporter is pulling the plug on the bay and setting up shop in l. A. Plus googles new plan to , limit popups. We will weigh in on the new default the
Features. Drink a big selloff yesterday. Yesterdays 1 fall on wall street. Japan, 1 and south korea. Animal rights activist Pamela Andersen sending a surprise message to every employee a canada goose. Fbn am starts right now. Wednesday, september 6 00 p. M. Lauren simonetti. Obviously the market is the big story yesterday. Huge selloff. Lauren was huge selloff. Know Everything Congress needs to get to. Drain to a lot of breaking news this morning. Of course we start with the most powerful storm ever recorded in the atlantic making its first landfall in the caribbean as it heads to the u. S. Hurricane irma, winds of 185 miles per hour. Irma seen from the International Space station. So strong is showing up on equipment to measure earthquakes. Lauren President Trump has declared the u. S. , virgin islands. If there is an evacuation ordering your area, please follow it. I cant stress it enough. Remember, we can build your home, but we cannot rebuild your life. Lauren live report from adam