Will talk about this later on, but seems like europe is edging one step closer to that 1. 8 trillion euro recovery fund, which would be huge, particularly as the u. S. Cant get it on stimulus. So huge that the euro barely budgets. [laughter] alix it could be worse. Guy it is big news, but i think there was belief in the market that this is a done deal, and europe will ultimately come to the right conclusion and make the stimulus happen, 1. 8 trillion euros. So i think the market had already priced this one. As you can see, unchanged on eurodollar on the back of that. We are getting the jobs data coming through. 6. 43 islittle light, the number. 6. 5 was the expectation. Actually, the prior number devised down a little bit as well. So maybe a little bit of softer data coming through, but the market doesnt care. The market is looking through the virus. All of the bad virus news, you can put that in the rearview mirror. That certainly seems to be the sentiment right now. Lets dig around w
The nasdaq. The trade continues tom the trade continues. Tom im looking for an entry point. They all sits, down. You couldnt trade. You are right. , 1. 05. Weaker yen today i just did the math on the surveillance. Is fine they are proposing the gdp of latvia. That is the story around big tex. Think big tech has a much bigger problem, given yesterdays session. Tom i agree totally. Jonathan maybe not latvian gdp. [laughter] yesterday was a case of buy stocks, ask questions later. There are questions being asked about this vaccine and development. The deployment, the distribution of it. They are questions we will pursue for the next couple of hours. Tom we will have some real experts on. It has got to be frozen. Theres issues. But as we heard from johns hopkins, there could be a lot more vaccines coming on. It is a stew of vaccines. Jonathan the show is just coming off the rails, which means one thing. Lisa is going to get it back on the rails. The data, lets focus on that. Lisa i could t
Onwelcome all of you Bloomberg Radio across this nation and bloomberg television. Extraordinary Market Action yesterday, truly historic. We will get to that in just a moment with someone who has a wonderful test but a wonderful tapestry of the history of the market. First weve got to get to the news flow. Are we still doing election 2020, or have we moved on from that . Jonathan i think it may come back on the agenda, but today is as yesterday once again, just a little flavor of mondays price action. You will find it in names like amc entertainment, and the airlines. You will find it at the index level. The relative performance of the russell versus the nasdaq continues. You could drive a truck through it this morning. Russell futures are up by about 1. 6 . Nasdaq futures are negative on the session. Cyclicality starting to come back into this market. Youve got to ask yourself where the risk is in this market, and the risk for many people in this market is where people thought was safe
Players test positive for covid19 including stephon gilmore, the patriots play that Kansas City Chiefs on monday despite a positive virus test for cam newton. The move drew criticism and potentially exposed more players to infection. Hurricane delta made landfall just south of the mexican area of cancun, knocking out power along the northeastern coast of the yucatan peninsula. It had top wind at 145 miles per hour, weakening as it went to the shore. A watch has been issued for the northern u. S. Gulf coast from texas eastward to grand isle. Delta is expected to make landfall on friday night or saturday morning. The entire state is in the possible path. Global news, 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. I am Mark Crumpton, this is bloomberg. Vonnie welcome to bloomberg markets. Here are the top stories that we are following on the bloomberg and around the world. President trump called off hope for
Navarro. Fomc without with the minutes from the and well comb through the minutes to bring you headlines and analysis. Stay tuned. Were ahead of the tonights Salt Lake City vicepresident ial debate. What will be discussed and what will move the needle . All that and more on making money. Charles man what a difference a tweet makes yesterday a stable market with designs of finishing higher were side swapped by a series of President Trump tweets taking fiscal stimulus off the table until after the election. Last night, well the commanderinchief clarified he would immediately sign off on relief for airlines, Small Businesses and 1200dollar stimulus checks. The market gained more than it lost. I think it is more clear it is not even an issue. This whole stimulus thing can be put on the shelf. Democrats took aim at the gatekeepers of the Digital Economy that they have monopoly power and may need to be broken up. Are the companies victims of their own success especially in the age of covid19