About it and how the Company Plans to fight continued covid and political misinformation. The former Economic Council director gary cohn urging congress to pass more stimulus now. A sneak peek of my wideranging interview on everything from bitcoin to spacs, coming up. U. S. Stocks fell from records as ofestors weigh the prospects risk. Zoom video just reported after the bell. Abigail shares modestly lower in the after our market trading. For any other stock, it would be a pretty decent decline of about 4 , 5 . Forume video, it is a zoom video, it is a modest decline. Their sales basically quadrupled in their fiscal third quarter. Upy beat adjusted earnings, 6500 . They put up a penny a year ago. In this quarter, they put up . 66. You do have the stock down, probably because this is one of those high flyers on the year. Thanthis report, up more 600 on the year. They essentially got perfection at least ahead of the call. It appears they wanted just a little bit more. Relative to a stock
Jon ferro has been calling it. Guy we are monitoring the stimulus story beat by beat. Nancy pelosi will be talking around 14 minutes. We are going to get a sense at that point whether or not we are making progress. That could certainly be market moving. We will bring you those headlines as soon as we get them. Lisa the white house has been pushing for a largescale deal again, off again, on again. Wants alosi says she more comprehensive fiscal bailout as a result of the pandemic. Emily wilkins joins us now with the latest. Emily if anyone is confused about where things are with the stimulus deal, you are not alone area Senate Majority leader Mitch Mcconnell said yesterday he was feeling some with lash some whiplash with all of the backandforth we have seen this week. House Speaker Nancy Pelosi is Still Holding out after months for a larger stimulus package. She and the white house negotiator, treasury secretary Steve Mnuchin, spoke by phone yesterday. It seems like there still could be
It feels like a long week but second week of september. European stocks are prep flat. We had a mixed week overall. There have been concerns over evaluations in some pockets of the market, global and technology stuff and then the other big question is what happens to euro . Christine lagarde delivered relatively mild comments on the currency surge. And headed for the biggest weekly drop since march. Lets get to bloomberg first word. Europe has overtaken the u. S. In terms of coronavirus infections. The e. U. , norway, iceland and lichtenstein reported more than 27,000 cases on wednesday compared to 26,000 in the u. S. The region has remerged as a global hot spot after bringing the pandemic under control earlier in the year. The odds of another round of u. S. Fiscal stimulus has dropped. Senators dropped a republican proposal for slimmed down support in the region of 500 billion to 700 billion dollars. Temperatures are looking for temperatures are looking or 2. 2 trillion. The u. K. Eco
And really fractured. Now that were in the context of the pandemic, it is really breaking. Woodruff all that and more, on tonights pbs newshour. Major funding for the pbs newshour has been provided by moving our economy for 160 years. Bnsf, the engine that connects us. Fidelity investments. Consumer cellular. Financial Services Firm raymond james. Supporting social entrepreneurs and their solutions to the worlds most pressing problems skollfoundation. Org. The lemelson foundation. Committed to improving lives through invention, in the u. S. And developing countries. On the web at lemelson. Org. Supported by the john d. And catherine t. Macarthur foundation. Committed to building a more just, verdant and peaceful world. More information at macfound. Org and with the ongoing support of these institutions this program was made possible by the corporation for public broadcasting. And by contributions to your pbs station from viewers like you. Thank you. Woodruff the coronavirus pandemic is
Good morning and welcome to bloomberg surveillance. I am Francine Lacqua in london. We discuss everything with monetary and fiscal policy. Look at. In london, we your markets. This is what they are telling us. We are getting data out of the euro area that manufacturing is a bit better than expected. 38 that was of forecast. Services pmi for the month of may for the euro area, a touch better than expected. Overall, i am looking at what the risk in china means for treasuries. They are advancing with the dollar. Lets get straight to the bloomberg first word news in new york city. Tensions are boiling over between britains chief negotiator, david frost, and his part, michel barnier. Key summit looks certain to expose key divisions between the two sides. The Spanish Parliament voted to extend its state of emergency by two weeks. Plan of a onemonth extension did not have the backing to pass the measure. Second mostes extensive outbreak, over 230,000 cases and 28,000 deaths. The Federal Reser