Tech stocks underperforming today, pulling back more of mondays gains or giving up mondays gains, i should say, still on pace for a positive week 59 minutes left of the session, exactly down. 5 , sarah. Weve got a big lineup coming your way National Economic Council Director larry kudlow will join us to talk about the stimulus negotiations and any Economic Impact there. John shrewsberry of wells fargo will be with us and well talk to David Malpass and the race to fund Vaccine Development around the world. First off, though, lets get straight to the big stories were watching mike santoli is watching the market pullback. Rick santelli has the bond report but lets start with mike santoli. Big tech and momentum growth that have been running pretty hotly. This modest payback mode for the prior few weeks. Lows for today were right exactly where the s p closed on friday essentially made this roundtrip a couple of times, trying to bounce off of them yes, if you look at energy, look at pure val
Let me take just a moment to talk about what we are attempting to do here in the senate. Exaggeration and hyperbole is the order of the day. Say always reluctant to this truly could be one of the most important things we as members of this committee do. What the world is experiencing today, what the United States is facing today, is one of the most significant challenges that a lot of us will face in our lifetime. The bad news, the really bad possibleit is entirely that it will happen again, and i say this because the experts virus thatt this made the leap from one species can very easily happen again. There are 2000 of these viruses out there. Dohave no idea what they can if they get into a human being. Us they haves tell identified within their ranks about 2000 different viruses. Having said that, we need to want toward, and i stress what i am trying to do with this and what all of us are trying to do, look forward. There are a lot of hearings going on. Theres a lot of hyperbole goin
Over the construction of new migrant camps. For one of 10 a series of highest profile players has announced her retirement 5 time grand slam champion Maria Sharapova is stepping away from the game at the age of 38. The daily tally of new coronavirus cases is now bigger outside china where the outbreak began thats according to the World Health Organization emphasizing the global spread of the epidemic europe in particular has seen a spike in cases in the past days the continents Top Health Official says panic must be avoided and a cordon 8 approach agreed as france records its 2nd death and italy its 12th meanwhile that italian outbreak has spread further a man who visited the area where cases have been recorded were turned to brazil becoming latin americas 1st diagnosis the highest death toll outside china has been in iran where 19 people have died but. The countrys president said there are no immediate plans to quarantine cities globally just over 81000 cases of corona virus have now
is seeking to stop the january six committee from obtaining to handwritten notes that he allegedly received from the former president his self. the lawyers have characterized the notes as quintessential privileged material. such communications are protected by attorney client privilege. no word yet on whether the argument will hold up. as the january six committee prepares to take its pro public, it becomes every day that the attack on the capitol was part of a larger scheme to overturn the election results, and that there was a lot more going on behind the scenes. you remember that the ex president and his allies focus most of the detention and election lies on battleground states like arizona, georgia, pennsylvania, where biden s margins a victim were relatively narrow. one wave did not get of way with it was because the governors of those states decide to not be complacent in helping the fraudsters overturn the will of the majority of their voters. those actions, a fire wa
Host welcome to bloomberg daybreak australia. We are counting down to asias major market opens. The top stories this hour. Asia sat for a lower open after wall street fades at the close. The dow jones retreating from the 40,000 level. Host jamie dimon sounding on alarm when it comes to lingering Inflationary Forces telling us the chances for a hard landing are higher than markets thank. Host and a busy friday in china with highlevel talks on the property sector. A third sale of special bonds and april Economic Data that may show a modest improvement. Host we do have south korean jobs crossing the bloomberg. We see the Unemployment Rate for april sticking to two point 8 . The expectations from economists were two point 8 and it is unchanged from the previous month. We were expecting potentially more of a softness. Up to 2. 9 percent. We did see level force participation increasing. But the jobless rate levels around this level are below the postpandemic average of 3. 3 . Bloomberg econo