Now, one third of the economy is back under partial lot. Six more regions in italy saw curves tighten. Florida is bracing for a second hit from at a bank. It now has top sustained winds of 75 miles per hour. The storm has been in the gulf of mexico. Forecasters say the western part of the state could see up to four inches of rain today as well as flash flooding. Global news 24 hours a day on air and on quicktake by bloomberg. Powered by more than 2700 journalists and analysts in more than 120 countries. Im Mark Crumpton. This is bloomberg. Im vonnie quinn welcome to bloomberg markets. Today inuturn rotation trait. Stocks climbing as big tech rallies. Fromt perspective later on a guest from oppenheimer. I will be speaking exclusively with the ceo, chairman, and cofounder of marathon asset management. Marketsest case for the as coronavirus crashes through europe and the United States. As joe biden ones of a dark winter, Companies Like carnival and American Airlines are racing to raise mo
Will have to move . Joining us now is the National Security market strategist, art hogan. There it doesnt have legs, it is sustainable, what are we doing . We got business rotations out of growth and into value like we saw in june. It was not durable. We saw it in august. In this latest move, it is probably one we will see presiding over markets probably for the next three to four quarters. I say that because of Economic Sentiment has underperformed for the entirety of this year. If you are to backup the lens further and say how long is the s p outperforming the russell 2000, you would have to go back five to 10 years to see. So you have a lot of reversion to make up and at does not happen over the course of several days area i think the important thing to think about is, what the drivers are. The drivers are an assumption economic will increase activity in 2021 and Market Pricing will start getting that right early. I think that is where we see that, the beginning. Guy that is going t
Yields have continued to fall in italy. Stocks in europe. We will provide the details in a moment. The s p is up around. 5 . A stable day. We are seeing a rotation back towards the tech stocks. The top the stoxx 600 benefiting from the ecb largess, which were now expecting more of. The stoxx 600 up 1. 12 . Aboutyou are talking Christine Lagarde saying the ecb will be there for the second wave of the virus. The Central Banks primary tools will likely stay the same. Lagarde while all options are on the program, the have provenros their effectiveness in the current environment and can be dynamically adjusted to react to how the pandemic evolves. They are therefore likely to remain the main tools for adjusting our monetary policy. Alix joining us from frankfurt is paul gordon, who leads bloombergs western european Central Banks coverage. Bdp is getting the most out of that statement from Christine Lagarde. Yields down. What was your biggest take away about how she said she would support th
Saying yeah there was voter fraud. Critics debate does the trump team have time . Do they have enough proof to overturn 75,000 votes that trump needs to win . We also have this story. Guess what democrats are now quiet about even though they have been wanting to get rid of this big factor in the race ever since Hillary Clinton lost . Well explain that. Powerful republican senator Chuck Grassley now moving forward on the hunter biden controversy. Well give you the update what he is now asking the Justice Department to do. It highlights a double standard in the general Michael Flynn case which republican senators ripped into former fbi officials Andrew Mccabe about yesterday. And more on this story, a big debate in washington. Nancy pelosis job as House Speaker is it on the chopping block . House votes continue to roll in showing that democrats dwindling hold on the house majority. It is democrats versus the hard left. James carville says all the woke progressives should take a nap. Squa
Enjoy book tv this weekend every weekend on cspan two. Committee judiciary continued its review of the fbis russia probe by hearing testimony from former deputy fbi director Andrew Mccabe. He was asked about the origins of the investigation. Werether actions that taken by the fbi. This after james comey was fired by President Trump. Buckle, everybody. We have some republicans welcome, everybody. We have some republicans at leader elections. The election is over, they are counting the votes and making legal challenges. , we willthose are made have that done. We still have two outstanding races in georgia to determine control of the senate. And the committee will keep moving forward doing its work. Next week, we have social media oversight. To have the social media ceos come to the committee and explain themselves. We will take a hard look at social media platforms. After the hearing, we will have more. Today, we have mr. Mccabe. Number two at the fbi. I think he will appear remotely. I