Selloff. The dow industrials down 36 points, nasdaq up 61 and s p higher by 3 and a quarter. This as we await testimony from treasury secretary Steven Mnuchin and Federal Reserve chairman jay powell today, both on capitol hill later today. This follows a huge selloff yesterday sparked by an open Supreme Court seat and impact of it on the ledge Kellyanne Conway slalegislative agenda. Dow indusn 500 points, nasdaq lower by 14 and s p lower by 38. The state of our cities, the department of justice naming three major cities anarchist jurisdictions that could lose federal funding due to ongoing unrest. Rudy giuliani is back with us with his take on all of this. Then, fine on the field, nfl handing out massive fines for mask violations, all the numbers coming up this morning. Women and wellness, how some are expanding business while keeping their cool in the era of coronavirus. Super model Kathy Ireland is here with lifestyle tips you dont want to yo miss. Mornings with maria is live right n
Kong and shanghai. 5t includes valuation of 22 billion, more than aramcos record sale. And polenta here is also going public. There were none the most valuable private companies. It could be silicon valleys biggest listing since uber. Shery we are seeing u. S. Futures coming online much flat after we had major u. S. Benchmarks ending the new york session mix. Investors are and waiting for fed chair powells speech thursday about the longawaited framework review. Dow was pressured down. 2 , declining for the first time in four days. Gains andung between losses but managed to reach an alltime high for the third consecutive session. Six sectors were higher, five lower. Energy was actually a drag on the s p 500. Take a look at what oil is doing. Pretty much flat right now. This of course after surging to the highest level since march. Not to mention gasoline futures were also at the highest level in five months. We have hurricane lower rattling towards the u. S. Gulf coast. More than 80 of
Come up with a forced him is round is having an impact on the markets. Walmart senator warren say that the retails sales cut slowed last month as government released ease. Barclays is using the recent coin shortage of the gauge of economic reopening. Seeing evidence of a recent slowdown. Not to be too much of a Debbie Downer on the record close but is there something to worry about . Joe we got a be really listed. This is an extraordinary market come back we got a be realistic. Yes, there is no deal yet in d. C. But people have been warning for a while that this or that was going to end this rally. And it has not happened. So, the second wave in all this stuff. And the failure to get a deal is supposed to kill this rally. Has not happened yet. That being said, there are several reasons to be concerned, that people should be wary about including walmart today. For more, joining us now is senior retail analysts jennifer of bloomberg intelligence. Thank you very much for joining us. When
Reappearing here. I am a new new jersey girl. There has been a new executive order signed by Governor Phil Murphy about wearing masks. At us check on the markets. On the back of some of those concerning headlines regarding deaths in florida and texas because of the covid crisis. The Dow Jones Industrial coming off by one playboy percent. And some risk aversion in europe. Tensions between the u. S. And china. The u. S. Dollar continues to show some strength. Keep an eye on that market and Pay Attention to the dollar and what happens with the hong kong dollar and the chinese yuan. A lot of risk sentiment is being reflected in those assets and it could be a key on how u. S. Markets trade on friday. Concerns about the supply side. Field in libyan production. Sinking below 40 a barrel. Let us get to that exclusive interview. Take it away, david westin. To our Bloomberg Radio and tv audience, worldwide, im david westin and we are joined by the governor of new jersey. Thank you for being back
Firmly above 1. 7 . Andrew thank you. We have a crazy big show for you this morning lets just tell you about the lineup among the highlights, we have author ben measurer. Former of ceo of airlines. First Television Interview with the ceo wework in the midst of all of this big questions. Ceo of General Mills and then someone who never holds his tong, venture capitalist and investor coming up in the next three hours. We are going to do it. History in the making today. Central bank will begin buying etfs their Corporate Bond etfs but the First Time Ever. The idea is to be able to direct the money into the credit markets faster than by buying bonds. Reporting that the purchase about 250 billion of the feds 750 billion program inching closer and closer to stock etfs. Probably not a health of a buy on this buy owe tech etf we cant make that leap, right guys when you read this, werent you like, etfs it is not that favre a jump once i read it, instead of this bond, that bond, lets do it i unde