Two economic policymakers appeared to clash over whether to preserve emergency lending programs designed to shore up the economy. Global news, 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in over 120 countries. Im karina mitchell. This is bloomberg. Is 1 00 p. M. In new york. Welcome to bloomberg markets. Here are the top stories we are following. , u. S. Joblessly claims increasing for a second week last week. Incomes downed 0. 7 . The data open to interpretation. We will ask Julia Coronado what she thinks. The economic numbers may not be welcome news to retailers as they enter the important Holiday Shopping season. Later, we speak to mark cohen. And a soccer top of mind with baritone,g of diego we will talk to the ceo of fubotv, which has been booming subscriber growth. Lets take a check of the markets. Lowvolume today, the last session before markets are closed tomorrow and a shortened session friday. The s p 500 improving a l
Now. New data points to a sluggish economic recovery as payroll, points in the beige book shows a modest increase in activity. 59 minutes until the close were set to have another record highs for s p and nasdaq up 1. 2 on s p 500, sara its utilities leading the way higher for a change. Coming up on todays show, Galaxy Digital back to weigh in on the rally as it carries over into september were going to ask where hes putting money to work right now. Weve got an interesting mix of earnings coming your way after the bell, including work from home like cloud strike, those are hot, hot Cloud Companies Apparel Company pvh and well talk to manny tirico, calvin klein and Tommy Hilfiger mike santoli tracking Market Action as always Steve Liesman with new highlights from the feds beige book joining us to talk tesla and pullback were seeing is craig irwin from roth capital. Mike, start us off with the market every group is higher except for energy you do have utilities and real estate and health
York times article that describes amazon as a bruising place to work. Liberty buying zulily in a deal valued at 2. 4 billion. And tesla is down. First up, the markets are coming off of a volatile week. Oil sliding below 42. Data showing japans economy contracted in the Second Quarter. Another setback for abae. Look consumption down almost a full point quarter on quarter. Is there qe really work . Their stock market loves it. They dont have growth. This is a demographic issue. Japan doesnt have the demographics we have. We have tremendous growth jer us the versus japan and china. Chinas stock market dedoubled from the economy. Our stock market controlled maybe by the fed. Europe controlled by the low rates of interest on bonds. So people are searching for markets that are natural and organic and not on steroids. It occurred to me this morning, theres japan. Theres china, the discussion from last week. Were waiting for the bund and the stock bailout. The world is a tough room if youre ex
We teerld simple ways to get a good nights sleep that will make us smarter, healthier, and more productive. Yes, please. And a special honor for military dogs who save lives in war zones. But we begin todays eye opener, your world in 90 seconds. Reporter not a single home left standing. Massive wildfires devastate california. You can see the awesome size of the fire. Flames are ripping through the trees. This is nowhere near over. The growing number of women claim they were harassed by Harvey Weinstein. The accusations now include rape. The president challenging the secretary of state to take an iq test. He made a joke, nothing more than that. According to sources the president was not joking, the president was pissed. He newell he called him a more rob. The whistle, its over. For the first time in 1986 the United States will not be playing in the world cup. The duchess of came bring made her first public visit. A very hand . Group of people. I dont like standing in front of them. And
Dow gain 42 points nasdaq climb 2. 5 per, usual records highs. Each day with get a stock that seems to ignite and then captures the fancy of investors and provide the leadership that make succession so exciting and yes, lucrative at least if you happen to own it in fact, you know what, im an angler and theres a tar pine festival in july next year this is like fishing, catching a 40 inch fish every day, each different than the day before. Take todays catch, markecdonal. Not that long ago this to be was knocked down, that created a panic, even as it seemed out of contractor with the slow and steady wins the race performance of ceo steven. Now the stock has broken out unless you call that will veggie burg they released in europe something, the stock climbed to a 2. 5 high the next thing you know the analysts will be inventing reasons why it went up so they can recommend the stock tomorrow having analysts pound the table doesnt hurt even if they are gemmed up. Everyone loves a winner but t