Plus, breaking news, america under attack. Russian hackers target email used by the state department, a brazen almost cheeky assault. And this morning u. S. Apparently with a Treasure Trove of unexamined evidence over origins of the mystery over the coronavirus. A very good morning to viewers here in the United States and around the world. It is friday, may 28th, and the Senate Burning the midnight oil and then some overnight, setting up a showdown this morning on the bill that would form a commission to investigate the january 6th insurrection. So heres what is delaying the senate. They went until almost 3 00 this morning to debate a bill that counters chinas influence after republicans derailed it. Senators looking to skedaddle this holiday weekend, they can take it up with wisconsin Senator Johnson whos staaling the bill. Debate will pick up where it left off, meaning a vote on the Insurrection Commission not expected until later today, and even when it happens, republicans almost c
A great market. Do room said it is mad that the dow passed 30000. 00 and current circumstances. I said no equity prices reflect future, not past 2021 will be a great rebound. Im optimistic. U. K. Stocks, especially under price. So engine yell like everybody else. What people are expected to do with the participants and economy are expected to do through fed speak through the fed manipulate in prices, is that theyre supposed to think that these are the animal spirits. The fed tries to incur, well responded. Actually, stocks are mostly being driven by global q e, quantitative easing, which really has one major purpose, which is to raise asset prices. Weve been talking about this for a while day by far is one of the central bankers who speaks openly and honestly about whats going on here. So who governs business along over there in the u. K. . Doesnt want to recognize that stock prices are a function of money printing. In fact, how much our stock price is a function of money for entering.
It pushes the companys valuation to 10 billion. We will hear from the ceo of aurora. With dizzying market rallies, ipos, couldnt we all use some calm . Of all talk to the coceo , valuation has doubled. U. S. Stocks climbing twoway record amid stimulus discussions. Lets get to Abigail Doolittle in new york to break it all down. Walk us through the day. Abigail it turned out to be a bullish reversal at the end of the day. There were pretty steep declines for the major averages. Today, the vaccine was launched. Pfizers vaccine started distribution in the u. K. There were record highs by the afternoon, and nasdaq at another record high. Chewy. Com and gamestop. They put up a pretty strong quarter, they beat estimates. The sixth sales beat in a row. I am not sure what is weighing on them as of this moment. Active customers increased, including myself. The website allows you to order for your pets. The results certainly proved it. Gamestop put up a disappointing quarter, missing sales. The s
We welcome you on the simulcast. Bloomberg radio and Bloomberg Television across this nation and worldwide. This due of news is just extraordinary. An important moment will be Lawrence Kudlow after the jobs report. But jon, i want to talk for a moment about the markets. Affected. Oeing come up 5 . Igit 13 on the s p 500 yeartodate, and the nasdaq 100, lisa has loaded the boat on the nasdaq, up 38 . This is a boom and great bull market. Jonathan record on the nasdaq, just off that on the s p 500. The market has ignored all of the bad stuff over the last month and held onto all of the good stuff. Does that change in 29 minutes . The payrolls report, the estimate for hunted 60,000 the estimate 460,000. Tom Kevin Cirilli talking about the enthusiasm to get something done. We will talk about that in the moment. I love what greg peters of pgim said in the opening credits, the idea that everybody is looking for every bit of yield. To me that has been undersold story this week about how other
Not past 2021 will be a great rebound. Im optimistic, u. K. Stocks, especially under price. So anthony l. Like everybody else, what people are expected to do with the participants in an economy are expected to do through fed speak through the fed manipulate in prices, is that theyre supposed to think like that these are the animal spirits. The fed tries to incur, well responded actually stocks are mostly being driven by, global q. E. , quantitative easing, which really has one major purpose, which is to raise asset prices. Yeah, weve been talking about this for a while. David blanchflower is one of the central bankers who speaks openly and honestly about whats going on here. So whos covers business a lot over there in the u. K. Doesnt want to recognize that stock prices are a function of money printing. In fact, how much our stock price is a function of money fronting, according to recent analysis about 50 percent of the dow jones is attributable solely to money printing not from earni