Continues to rise significantly in terms of the virus and we talked a lot and well hear from meg again and meg has been following it so closely for us and the market only seems to go up as the cases go up. That is leaving some people scratching their heads and others view it as were going to get to the other side and a view of what the economy will look like and then you come back to the fed, carl, which seems to be the fuel that everybody sort of points to as the key fuel, i should say, for this market. Yeah. Morgan, lots of notes over the long weekend and we hope everybody did have a great, long weekend. More debt and liquidity and asset reflation. That was literally the title of the jpmorgan note on friday. Yeah, for all those folks that were basically still stuck at home or not traveling and getting on airplanes, lots to digest in terms of market commentary over the weekend. I would add to the fed, i would add the expectations that do seem to be baked in around what phase four fisc
Christ and his death on the cross and resurrection again no distinction was made between white and black and died and rose for all people. Martin luther king worked very hard to end discrimination and segregation within the United States he led a very peaceful nonviolent protests marches in areas where black folks africanamericans were treated very much as 2nd class citizens areas where they had to ride in the back of the bus for Public Transportation or they could not eat at the same counters with caucasian p. And through his efforts a lot of that discrimination that was bullied at the time and enforced has been done away. The efforts of Martin Luther king who was assassinated very young are commemorated here for his work that christ would not have people segregated and treated as 2nd class citizens. Just a couple of years ago we had riots in this city and the Police Department was shown to have some prejudice and would treat africanamerican citizens in particular unfairly when it cam
Salesforce also up higher. A lot of those secondtier tech names also did well. 10, 15 or more. They are looking for what they think will be the next leg up in this market. Taylor we do a lot of analysis here that abd traditional models dont work anymore. But over the weekend, i was reading about the fed model, ifating around an idea that you use the fed model, equities could march higher than where they are right now. That is a note in the midst of some of the optimism, that catches my attention. Romaine jack, lets pick up where taylor left off, specifically around this idea of how you evaluate market and whether some of the core metrics for valuation really matter in the timeframe we are in. Into this next earnings season really paying attention to some of those more traditional metrics . Jack i think some of those more traditional metrics make sense still as long as you compare them to other metrics. I dont know if the core price to earnings ratio on the s p 500 tells me a whole lot
This is bloomberg surveillance. Im Francine Lacqua in london. Lets go straight to the markets. We are seeing a lift to the market somewhat but a bit flattered then what it was earlier on. 0. 4 . Oxx 600, down by the dollar is rising. Treasuries advancing. We had a little bit of momentum. We saw that historic rally. The dollar strengthening for the first day in nine sessions. The Federal Reserve extended its main Street Lending program which means it is allowing more companies to participate. That lessens the burden on banks that create the loans. Plenty more on that throughout the day. Thats get to the first word news in london with dani burger. Dani hi. Lockdowns across the world may have prevented about a half a billion coronavirus infection. That is according to the first peerreviewed analysis of the impact of health policy. It comes as the World Health Organization says people without symptoms passing on the virus is very rare which contradict speculation about the prevalence of so
Investors move out of tech into the cyclicals. On the day, there was a sharp leg lower because around 11 00, stocks up. 2 , now down. That came on the news the florida covid19 cases rose 2. 4 yesterday relative to the previous seven day average of 1. 6 . The fear everybody has around the idea that will these protests and a reopening in the United States because despite or second wave, perhaps improving i think their cases were little bit above yesterday. You can see the reaction in stocks at this point. David one day does not make a trend make, at the same time we are all on tenterhooks to find out what happens in the states that opened up earlier than others. Airlines, we have airlines bursting back, saying maybe air travel is coming back. Abigail American Airlines very positive and that is helping the dow transport traits to the positive. American airlines boosting their flights in the air. Many saying millennials are willing to get back into the air. That could help a beatendown are