The opioid epidemic. The Justice Department announced the settlement today. Purdue has proposed a separate 10 billion settlement to resolve state and local claims. Onbal news, 24 hours a day, air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in over 120 countries. I am Mark Crumpton, this is bloomberg. Vonnie welcome to bloomberg markets. Exclusive interview with former Federal Reserve chairman Alan Greenspan, his thoughts on the state of the was economy and the stimulus logjam. Markets are now lower and bouncing around on speculation whether lawmakers will finalize a stimulus deal. After thea announces bell today, all but guarantee to report a fifth consecutive profit. Markets,heck of the the major indices are down at this point, about a quarter of a percentage point of peace and they had been higher earlier. The dollar index is partially to blame at 92. 5 so lots of weakness for the dollar index partially thanks to sterling. Brexit trade talks are on
Fours will tran in napa county and reyna harvey is in the east bay, but first want to start in the weather center. With the forecast john travel has that yeah guys its already nice and sunny out there conditions, calm and cool for the time being but thats not going to last the beautiful start to the morning. Sets us up for more fire danger ahead of us right now were in the midst of continued red flag warnings in the north bay adding to that list though in addition to it red flag warnings taking effect tonight for upper elevations in coastal peninsula areas and inland east bay areas. Daytime highs will be warm enough combined with those winds gusting as high as 40 Miles Per Hour and continued dry conditions that yes fire danger does remain of concern we may be calm right now, but winds pick up this afternoon. Tomorrow a little bit cooler, but winds even breezier come the afternoon. Thats why these red flag warnings extend not just through today, but on into tomorrow and even into friday
Across the bay area. Dry skies out there contributing to to it just as much as the winds in the heat too can see how clear dry it is all the way out to the coastline, so red flag warnings continue this morning for the same spots in the north bay as they have throughout the course of the week were adding on to that later today our inland, the east bay areas and coastal and upper elevations on the peninsula itself that includes areas like Half Moon Bay into the Santa Cruz Mountains. This is due to winds picking up this afternoon into evening and into tomorrow too gusting as high as 40 Miles Per Hour in spots and with temperatures as warm as they will be getting that is also contributing to it right now are fairly calm for most areas winds pick up later today and will continue to see high fire danger for north bay mountains. Inland east bay areas daytime highs upper 80s to low 90s today. That means extreme fire danger back in play. After this tomorrow will be a touch of a cooler day, but
We get additional fiscal stimulus. Our guest is from morgan stanley. It feels like from the last 23 months, we have been turning the volume up and down and gone nowhere. Are we starting to change the track a little bit . Are we making progress around the fiscal talks . Only question that matters right now, Mitch Mcconnell does he have the votes to pass a 1. 8 trillion package . Think the Senate Majority leader needs all 53 senators to vote for this package. Choice is, the between getting something done ahead of the election or waiting until after the election seeing the outcome then making decisions about the stimulus package. Markets most importantly, the question is not necessarily whether it gets done ahead of the election but whether it gets done at all. Upsaw elements of that show in the minutes from earlier this made it clearfed that if there wasnt a stimulus in the next several months, if it gets done in a timely manner, the fed will be pleased as will the market. Jonathan coupl
Series due tomorrow, has got traders moving an moving, not looking back. It is an amazing turnaround. The nasdaq as charlie brady, our stocks editor reminding my staff is more than 2 away from highs that seem so far away. Remember that thing really carooned, careened all the way from the highs during the pandemic. The dow already in dow in positive territory, with s p gains up close to 10 . Whatever the jitters about the election, what will happen, whether it will win, a long election count, nothing seems to matter. It is buoyed by earnings optimism. The consumer optimism. The fact well all be shopping like crazy and this is telegraphing strong economic numbers to come. Who knows. Sometimes these things can get a little manic. But this is like a good manic if youre long stocks. Im neil cavuto. Youre watching coast to coast. A lot of things well pick apart the next two hours a lot of things going concurrently. The amy barrett hearings. It is following script. Democrats saying this theyr