193. Dow looks kind of squishy here, down 70 points. Also rising and in a very bad way, covid levels. Coming up, physician and creator of aipowered Symptom Tracker buoy, andrew lay, on the role his startup is playing to contain the virus as it viciously rears its head again. Tiktok versus the Trump Administration. In less than 24 hours, that deadline for the wildly popular chinese owned social media platform to sell itself to oracle, that deadline arrives but is the short form video app about to upend President Trumps battle against it . We go to the white house as tiktok fights to stop that clock. On this veterans day we honor two Service Members who sacrificed more than anyone could ever ask them to. Now back at home, they are the living and breathing embodiment of the american entrepreneurial spirit. We cannot wait to introduce you to these amazing heroes who credit one particular gift for helping them get back down to business. First, we start with a fox business alert. The Hedge F
Officers who were pepper sprayed, one of them had to be taken to the hospital, all are expected to be okay. Police say they were forced to declare the protest a Public Safety hazard after demonstrators started using pepper spray and throwing bottles. Despite the violence, no one was arrested, the event was organized by a group called team save america, as Elissa Harrington reports, the leader of that group ended up in hospital. This is what they did to me, i am at the hospital. Reporter reida, the organizer of saturdays ali, posted a video of himself in a hospital bed, missing his front tooth shortly after he left the event, it was knocked out during a fight with counter protesters. He is with team save america, a conservative group. They held a rally at San Franciscos United Nations plaza to protest censorship. The conservative activists were outnumbered by hundreds of counter protesters, many wore all black, held antifascist signs and some carried pictures of black men and women kill
The hardest hit nation is iran. Nearly 22 thousand people there have died from covid19. Spacex has placed 64 more satellites into orbit. A rocket took them into orbit from florida. It is the 12th the batch of satellites for the companys broadband network. Rocketalso recovered the booster with a controlled landing at sea. Global news 24 hours a day, onair, and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. Im Mark Crumpton. This is bloomberg. Vonnie it is 1 00 in new york 6 00 p. M. In london, and 1 00 , a. M. In hong kong. Im vonnie quinn. Welcome to Bloomberg Markets. In just a few moments, and inclusive interview with bill ackman of Pershing Square, an update on the spac and the market turmoil. Lets get to the markets. The vix today is above 30, the worst day for the nasdaq 100 so far since march. The nasdaq down 5 . The s p down 3. 5 . The dow down 2. 7 . Several individual companies have been doing extraordinarily well such as d
Close proximity to a president ial election. We will hear from him throughout the day and the focus will turn to the jobs report. After u. S. Unemployment claims figures even this reading of the labor market we will be joined by larry kudlow from the white house for his reaction. Lets get to our main markets story. U. S. Stock futures continue their slide after the main gauge clocked its biggest plunge in three months, tech shares took in a selloffeating that knocked down the highest flyers. To put it all in context is dani burger. 750 billion wiped off the nasdaq, a painful day especially for a lot of the retail favorites, like tesla, falling down. Let me show you how this breaks down the chart. I want you to concentrate here, the nasdaq composite versus the s p and the equal weighted version. You can see most of the past month on the way up the nasdaq leads. The green day is the biggest so far. This little chunk at the end of the chart, you can see the biggest chart is the nasdaq fal
Singapore also in the red. Currency markets certainly, we have the sea and why in the frame at the moment. This is as we got the story today about beijing crossing gains in the yuan as it seeks to cheapen exports and bolster weak spending. That is a theory being compounded, saying a stronger yuan is ideal for beijing at a time when president xi is pushing for a more selfreliant economy. That is where we are with the currency markets. Yvonne yeah. Interesting call there. Thats more analysis with eddie cheung, e. M. Strategist. This all about shifting to more selfreliant economy in china. Given the gains we have seen in the renminbi, is it sustainable and how much tolerance is there for further yen strength . Eddie well, i think we certainly do believe there is more room for the cn wide to gain. First in terms of the dollar view, we think the dollar still has more room to go lower. We look at the indices, we are only at about three month highs. We are still below where we are in terms of