Enough clarity on the economy to justify restarting payouts yet. That decision is not yet final. Global news 24 hours a day on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. I am Mark Crumpton. This is bloomberg. It is 1 00 in new york and 1 00 a. M. In hong kong. Welcome to bloomberg markets. I will be speaking with bill ackman. We will discuss the debut of his new Blank Check Company which raised 4 billion in its initial offering. He will weigh in on what kinds of companies he wants to target with the money and other investments. First, lets look at the markets. We are higher. The nasdaq has erased all of its gains. 25 . P 500 is up mark forck at the 70 the you in the. With heating up today expulsion of the envoy from china. I want to point to the fact that we will be talking about in a moment and that is the Blank Check Company that is trading up an ipo today. The expectation was to raise 4 billion and we will be talking
Big tech is seen as a haven and growth play because they continue see demand for their products and services and have sheet to write out this disruption. Havens are in favor. You can see 68 basis points. The dollar edges higher for the fourth day in five. Indexes are coming off their lows. There is still a lot of trading day to go, but by the dip but buy the dip seems to be in effect. David another narrative we have been seeing is a divergence between mason street and wall street between main street and wall street. When will we see something that might help main street . Scarlet that will be critical this week, especially with jay powell speaking to congress. That will be a big issue, especially since you see data like interim manufacturing come in better than expected. We also get retail sales as well as Industrial Production on tuesday. Housing starts on wednesday. Housing has been doing very well in this economy as Mortgage Rates have come down and a lot of people are looking to re
Postvirus recovery. Banks leading the s p 500 to a three month high. Level since highest early march and hopes opecplus will eventually rebalance the market. However, divisions are showing among reducers. Producers. Shery lets get a check on how markets are trading. We are seeing some pressure from u. S. Futures, down slightly as we saw the extension of the rally on the s p 500 now at that three month high. Of course we had a report indicating that a recovery it was underway for global airlines. Led bowling higher boeing higher. As. Airline shares surging passenger flights are suspended from Chinese Airlines. 500 and now the 14 day rsi around 59, the highest since january. Optimism right now over and economic recovery. Take a look at what oil is doing. Wti under pressure. We have seen uncertainty over the opecplus deal. We got ape limit every deal to extend output by one month but there is still issues over cheating on output. Saudi arabia and russia drawing a hard line over compliance
And the impeachment debate moves forward. A ceremonial process after a vote that was mainly split along party lines. Live we are looking at a shot on capitol hill in washington. House Speaker Nancy Pelosi named the managers of the impeachment case against President Trump. This kicking off a ceremonial process that transfers the impeachment case to the senate. Today, the house voted to transmit charges to the senate. That vote was mostly along party lines. Very similar to the december 18 vote to send articles for abuse of power and obstruction of congress. We will bring you those events as you happen. First lets get a quick check on the market close in the u. S. Stocks again at record highs. We have the u. S. And China Signing the phase one trade deal and markets getting a boost after white house Economic Advisor larry kudlow promoted tax cuts. They set a record for the sixth consecutive trading session. Had disappointing results from Goldman Sachs and bank of america after mostly posit
Im bradly graham the cohonor of politics and prose and welcome and thank you so much for coming. We were vers very excited when we learned of last years hearings on the nomination of Brett Kavanaugh to the Supreme Court that ruth marcus was writing a book on the subject because we knee that if anyone could deliver an indepth hen the scene s account of what happened, and also put the whole drama into a grander plate context it would be ruth. Her bookes revealing and incitele and evened hands and fast pace and elusive pros makes for a compelling read. In the acknowledgments she calls thats book she has been preparing to write for her entire career. And indeed she brought to it a wealth of knowledge and experience. Out indicate net history at yale and the how at harvard she went into journalism after he studies and spent 35 years at the Washington Post, closely observing how washington works and developing a wide network of friends and sources. I think nearly all of whom are here tonight.