Onair, and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. Im Mark Crumpton. This is bloomberg. Vonnie it is 1 00 p. M. In new york, 6 00 p. M. In london, and 1 00 a. M. In hong kong. Welcome to bloomberg markets. Here are the top stories we are following from around the world. Ecb president Christine Lagarde five to support the euro economic recovery from coronavirus all not. She vows to maintain the flood of liquidity that has so far calmed markets. Morgan stanley wraps up the week for bank earnings. Big gains for the trading desk. Helped thedfall that group survived the brunt of the pandemic. The u. S. ,ntioned, u. K. , and cannot say russian state intelligence is hacking into research enters working to develop a covid19 vaccine. We will dig into the reports. Lets get a quick check on the markets. Certainly a risk off day. 500 off of itsp lows of the day, still down about two thirds of a percent. The dollar index, not too much rea
By the way, twitter is among many of the names dragging the markets lower as we head into this final hour of trade. Worries over spiking coronavirus cases and hospitalizations in nearly every state are drenching the bulls right now. As i said, dow jones 267, thats pretty much close to the session lows. Same with the s p and nasdaq. We do have a loss of 117 points on the nasdaq. As covid cases spike, many restaurants have been forced to flip the script along with the burgers, as hot spots close dining rooms that have recently just reopened. How are they doing that . Some just throwing up their hands but not the ceo of one burger chain. Hes here to tell you how hes dealing with moving goal posts that are pretty much moving every five seconds. Look at this. This is really worrisome. Water pouring into new yorks lincoln tunnel. Another example of the nations crumbling infrastructure. President trump has been complaining about this for years and now he is cutting reams of red tape at a reco
That because there are a lot of people who just think if we can break through that then were going to be able to say when we get a vaccine its just going to be game, set, match for the bulls because we are already at this level without the vaccine i think that today is a confluence of goldman puts citi, wells fargo and jpmorgan in the rearview mirror. Its the old Goldman Sachs model. We have moderna talking up a blue streak this morning on squawk with meg making us feel like inject my left arm, please. We have the Goldman Sachs number that looks like the old days david faber, goldman reminds me of when i dont know, what, 18 years ago yeah. It is a report from goldman that is you can liken to sort of some of the earlier years of their dominance when they were only recently a public company, jim, or really lets not forget their record quarters were actually right at the end of the financial meltdown of 08, 09 remember the numbers they printed then but this is a very Strong Quarter for th
Were not seeing anything like that today. We have tech stocks that are lifting the nasdaq right now. Dow is down about 44 points but the nasdaq looking nice and strong here, up 94 points. The coronavirus pandemic of course is still causing not glitches but massive disruptions in particularly the u. S. Meat supply. Shortages are now upon us, as stores now limit purchases of beef and pork and chicken to prevent hoarding. That has beyond meat surging after the plantbased meat giant reported better than expected quarterly earnings. That stock up 23 . But its biggest competitor, oneupping beyonds good news. Impossible foods and its ceo pat brown are here in a fox business exclusive on his huge deal that he Just Announced with kroger and how virus hot zones are popping up in meat plants and spurring consumers to make a big change in what they are putting on their dinner table. And as lockdowns linger, more companies are realizing that keeping employees working from home might actually improv
[inaudible] cheryl what is back in the new year. No waiting until the last minute this year. Homeowners in high tax states are rushing to pay their property taxes before the new federal law goes into place january 1st. By the effort still may not pay off for them. Overnight developments we are going to talk about. Broader markets right now futures pointing to a higher open in the second to last eight trading for the u. S. Dow up by 37 in the free market. In europe after long Holiday Market from the european markets onto the downside slightly. In asia overnight by markets closed mostly higher. The kospi up over 1 . Denis katie on the market in the red. Roy is more filing a lawsuit, challenging the Alabama Senate election. His new claim of voter fraud that had. X marks the spot for tim cook this year. The apple cto with the jawdropping amount he made in 2017. Disneyland goes dark. A power outage forces the happiest place on earth to shut down dozens of riot. White tux hours to get to rid