Handle. We will see where that goes. We get inventories in 30 minutes. The dollar index is under 100 today. We have stronger currencies out , including the euro. A lot of data out in britain and on the continent overnight. Of course, as you can see, the 1. 2 . 00 down pound isnt as strong as it was earlier in the session. We did get Economic Data that was pretty dire. Gdp contracting a most 6 , but it wasnt as bad as forecast, so perhaps a little bit of a silver lining. Germanys 10 year yield at 62 basis points. Takinglor Angela Merkel on the german constitutional courts commode is going to be a fascinating battle. Delighted to say now we are , type or jimmy dunne send her vice chair, to talk everything market really sandler vicepiper chair, to talk everything markets. Jimmy, thanks for joining. We will get to the fund in a few minutes, the first, even more fun, these markets and the federal reserve. Jay powell seemingly put to bed the idea of negative Interest Rates, but the president
Going to prosecute. The governor calls these businesses selfish. President trump goes to pennsylvania on thursday and later on this program, we will have numbers from businesses in states that have allowed a partial reopening and ill tell you now, business is good. Moments from now, we have Shelly Luther with us. Shes the salon owner who went to jail for opening early, an American Hero on this program today. One hour from now, dr. Anthony fauci begins his virtual testimony before congress. Reportedly, he will say opening too early means needless suffering and death. The democrats will try to drive a wedge between dr. Fauci and the president. We will have, by the way, the latest on the explosive revelations coming out about what president obama was doing to instigate and set off the russia collusion mess. Turns out joe biden was in the key meeting. He was asked about it this morning. He did not have convincing answers. The status of joe bidens candidacy, the markets stunning recovery, o
bank increasing rates. the s&p 500 is rally and once again today. maybe rally is too strong a word, but it is up 0.2%. of forecasts for it to reach 3600 for the year. the 10 year yield at 1.65%, grinding higher. russia is holding out when it comes to it oil cut from opec. crude is in a holding pattern. of the earnings one notables, up 16% after beating on revenue and adding new users. guy: casper has just opened, the bed in a box company in the states. we saw a significant downgrade of the price into the ipo. they basically cut it in half. went out of the door at $12, now up someat $14.04, so 20% at the moment. as the stock moves forward, you want that bounce. you don t want the negative response we saw from some of the ipo s last year. casper out of the door, trading $14.30.5, it s bouncing around a bit now, but it is a positive response for the stock. i understand we are going to be talking to the ceo, so looking forward to that situation. european stocks track higher. also
Opened up 250 points. Its not that i want stocks to go lower. You know that. I just hate it when people buy stocks up huge and then get picked off by a gigantic move that should never have occurred. As the average gave up almost all of their gains, closing up 33 points. The s p climbing 3. 2 . Nasdaq advancing just 0. 62 . The severe retreat made much more sense to me than the up opening because it was based on nothing that has happened here. And therefore zero staying power during the day. I get upset when i see that were taking our cue from the chinese stock market. And when they rally, we open higher . Well, the sellers come in knowing they have been given a gift, the gift of higher prices for all stocks. A gift that is frankly undeserved. The only difference this time we had to be wear of chinese bearing gifts, not just the grifts. Its this infuriating setup with the dollar and Interest Rates were going higher. We know that those are both poison to stocks. Well stocks were still cl
The hurricane struck at a bad time. Electric Power Authority their file for bankruptcy. Global news 24 hours a day powered by more than 2700 journalists and analysts in more than 120 countries. I am Alisa Parenti and this is bloomberg. Emily i am emily chang and this is bloomberg technology. Up, s p 500 on a sixweek winning streak. Tech helping to ignite the boom. Is it sustainable . We will identify potential headwinds on the horizon. Tech ipos are back on the menu southeast asias most valuable startup leading the charge in new york. Earnings on cap with Major Players lining up reports for next week. We will preview the biggest companies. U. S. Stocks closed out fridays session at record highs, new record highs, the fourth straight positively for the nasdaq. What can slow down the gains . Michael regan and david joining us from new york. Michael, does the tech rally have room to run . I think if you look at the forecast growth rates for your main Tech Companies, they are so strong tha