Temperatures. More than 8400 wildfires have scorched more than 6000 square miles in california since the start of the year but mostly since august. 31 people have died. The judge investigating a massive blast in beirut in august has received a report from the fbi about its own probe of the explosion. Lebanese media says the judges also waiting for similar reports from french and british explosive experts. Nearly 3000 tons of Ammonium Nitrate exploded at the port my killing nearly 200 people and injuring more than 6000, and causing billions in damage. Global news 24 hours a day, 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. Im vonnie quinn. Welcome to bloomberg markets. Here are the top stories from around the world we are following. Day two of questioning for Supreme Court nominee Amy Coney Barrett
7. 44 . As you noted before the yield curve. Steepening and a rally in the financials you mentioned that june 10 was the high that was the day where the markets had their maximum enthusiasm about the strength of the recovery and how fast it would be that was the peak where the come back of value and cyclical sectors. That seems to be the dynamic and the push for which stocks were preferred and the market seven days in a row of records is not to be dismissed guys the intraday record high in this session and well have to see if this continues . Yesterdays high is around 3,500. Coming up, well talk about the abrupt halt to the sports world. We ha we have fed president s and the interim ceo of tiktok. What a story it has been and a soap opera all week long we are learning more in the details in the sale of tiktok after walmart confirmed it has teamed up with microsoft sources tell us that walmart ineshlly wanted to be the lead buyer together with what was alphabet and soft bank coo and ran
Are miles apart. We are focused on that potential record close on the s p 500. The number youre watching for is 3386. 15, a couple points off of it as we stand, sara. Hard to believe that we are here coming up on todays show. S p 500 could close at a record high for the First Time Since mid february were going to talk to wharton professor Jeremy Siegel about whether the rally can last from here. Plus counting down to a pair of key Earnings Results after the bell, lyft and cisco gearing up to report well bring numbers and analysis as soon as they hit. Lets focus on the stories were watching with one hour left of trade. Mark santoli with the action, colin rush from oppenheimer. Lets start off with the broader market, familiar things taking us higher, tech, lower treasury yields and the like. Thats right. A bit of a reform to norm. Yesterday 3381 of about the late selloff. Of course were a couple points above that right now its kind of tantalizing also seems a little bit silly this hesita
Feeds. Cspan created by americas Cable Television companies as a public service. Brought to you today by your television provider. Officials have been tracking a number of fraudulent schemes related to covid19. The Senate Judiciary Committee Held a hearing on efforts to combat fraud and exploitation during the pandemic. Members heard from officials from the Justice Department, f. B. I. And secret service about price gouging, the hoarding of p. P. E. And filing of fraudulent applications under the paycheck protection loan program. This one is about two hours. Good morning everybody. Acute very much for attending the hearing and im sure will good morning everybody. Thank you very much for ttending the hearing and im sure we will have more come in throughout the morning. Jersey. Associate deputy journal. The assistant director of criminal investigative division. Fbi. Assistant director of the office of investigations of the lighted states secret service. So we talked about this before. Fr
Lunch begins right now. And welcome. Im courtney reagan. Another day, another rally stocks are surging, the dow up nearly 200 points near the highs of the day all three of the major indices hitting record highs in what has been an unstoppable rally and tech leading the way again, the sector now up 4 alpha get, even mastercard and visa hitting alltime highs. And everything seems to be getting love, everything that you can think of buying is going up and lately even the most hated stocks on the street are feeling the love bob pisani has some of those names and an expractilanation f. Arising market can lift even the most hated this is called Short Covering where traders are short stocks are forced to cover their positions by buying back stocks. Either the price of the stock rises really quickly or the cost to borrow it might go up two heavily shorted names tesla and beyond meat have had really big rallies. Tesla up 20 , beyond meat up 43 . And that is likely triggering a short squeeze tha