Climbing and nasdaq pole vaulting 2. 26 september has still been ugly. Ive been warning you that this is historically the worst month of the year. Ever since august ended, complete with a nasty tenday close and thats precisely what we got but now that september is almost over, lets focus on the future meaning next weeks game plan. It starts on monday when we get results from the mighty four industries which dominate the rv and motor home industry. When the pandemic first hit, ford sold off hard as investors figured wed have a normal recession and rv sales get slaughtered. Sure enough, we have a slowdown and mass unemployment and an incredible boom in the rv business because these things represent one of the only safe way to go on vacation. Since then, thor stock soared but tends to pull back every time people get excited about a potential vaccine. Lie i can th i bet rvs stay longer than you might expect tuesday we hear from companies that can potentially deliver upside surprises that m
No legal basis to visit the sites. A man who was once one of the most powerful politicians in new york state has begun serving his prison sentence for corruption. Former Assembly Speaker Sheldon Silver reported to a prison in new york today. He was sentenced earlier this year to 6. 5 years behind bars. In 2015onvicted later but the appeals have kept him out of prison. Global news 24 hours a day on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. I am mark crumpton, this is bloomberg. It is 1 00 in new york in 1 00 a. M. In hong kong. Welcome to Bloomberg Markets. Here are the top stories that we are following today. The u. S. Housing search, prices rise as Mortgage Rates remain near record lows. We talk with tim mayopoulos, a former ceo of fannie mae. One thing that could hurt the bounce back in the economy, became laura. It is set to slam in the gulf coast as a category four storm. We have the latest. Plus, a conversation wit
Earnings results and a price of oil. Gold, topping 2000 and so you have gold topping 2010 same time, european stocks gaining so it is a risk off mood, high volatility for the month of august. The 10year treasury yield, steady near the lowest since march. There are signs american lawmakers are making progress on an economic aid package. Lets get to the first word news in london with laura wright. James the white house and democrats hope to have a deal on a new relief package by the end of the week. Sides remained far apart on key issues that they appear to be moving closer to an agreement. Any vote on a deal would likely not happen until next week. U. S. And china are planing to assess their phase one trade deal this month. Sources tell bloomberg the discussions between trade representative lighthizer and the chinese vice premier will take place around august 15 amid a backdrop of rising tensions between the two countries. And u. K. , lawmakers are urging Boris Johnson to be more open a
Of Liquified Natural Gas exports in the global market, the recent growth of u. S. Exports and concerns about Energy Relations with china and russia. The hearing was held by the Senate Energy and Natural Resources committee. Manufacturers and residential consumers alike. We have such a massive Resource Base that we can send substantial volumes abroad. Were now leading the world in natural Gas Production. Hopefully soon well also lead in exports. A few of those experts are here to tell us what is driving these trends, where they may be headed and how u. S. L and g fits into the equation. I use this term quite frequently but i hope were going to hear some ideas this morning on how to make our exports even more competiti competitive. Im particularly excited coming from alaska about the role my state can play. T furk has just released the draft for the Alaska Project, has great opportunity to move some tremendous reserves of gas on the north slope to market. Its a pretty important milestone
Morning everyone the committee will come to order, we are meeting this morning to examine the evolving Global Natural gas markets, the increasingly Important Role of u. S. Liquefied natural gas as well as the Competitive Outlook for elegy. America natural Gas Production has literally change the game, we say that a lot around here about that, but, it has been a game changer. Our production has started to the levels that many never even thought possible a decade ago. This in turn is boosting our economy as well as our National Security. It is providing a longterm low cost low emissions source of energy for our manufacturers and residential consumers alike. We have such a massive Resource Base and that we can send substantial values abroad. We are now leading the world and natural Gas Production, hopefully soon we will also lead in exports. Mobile demand for lng, we know is increasing. More u. S. Lng export facilities are coming online and more of our friends and allies around the world a