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
Crushed, lowes falls short. Both retailers see big gains in online sales and Curbside Pickup and the Energy Sector is coming off its best week ever more than 16 gain last week the ceo of chevron will join us in this hour, well talk about is in store for chevrons business and the sector. Well talk about all that with michael wirth. Carl cant wait. Boeing is the story of the morning, jim 617 days on the ground you got baird going to outperform with a 306 target today. I guess well talk about not only how they get this back in the air, american will launch it on the 29th of december, how they market it to consumers. I think that there is a tragedy timeline we had it with chipotle, we had it with a long, long time ago with jackinthebox, taco bell. People tend to forget. The media doesnt forget, but the individual who flies is thinking, well, i want to take southwest or take american theyre not going to ask as they would have a year ago is this the max. And then i think also boeing can phas
Residents of often those ibish. Welcome to its good to have you with us plans to hold the olympics in tokyo next year in july, appear to be on course the chief of the International Olympic committee. Thomas has expressed confidence that the games can be held with spectators. Buckys got to be in tokyo to hold the view meetings on preparations for the olympics and paralympics. But the meetings are being held under the shadow of the outbreak. Open questions on the safety of athletes and participants. And of course, the additional costs of hosting the games already defined by thomas. The international in Big Committee president meeting new japanese Prime Minister yoshida suga for the 1st time. But has now confident that fans will be able to attend the tokyo games next july. But they could be a catch visit, as it may have to get back sneed it in order to protect the trip. A nice of people and out of respect for the japanese people or the i. O. C. Will undertake a great effort so that theres
Gdp to be negative this the First Quarter of 2021. It is friday before a holiday week 59 minutes left in the session down a quarter of a percent on the s p 500. No gobbledy gook coming up for the next two hours here either. Coming up on this show, instead we are going to dive into the latest on the coronavirus and pfizers push to get emergency use authorization for its vaccine with the fda commissioner and pfizer board member dr. Scott gottlieb. Plus, new york city shutting st. Louis down the head of the Teachers Union in new york will be here to weigh in. Lets check on futures mike santoli tracking the margaret as always meg tirrell with the latest on pfizers vaccine and bertha comes has the latest on what President Trump just announced. Mike santoli, lets start with you. Not disturbed so far by the news last night about the treasury pulling the funds from the fed. If you look at the pattern here, it is about a flat week as well. Trading just below the highs we hit on monday. Before t
Im larry beil. Im christian see. Were in a difficult situation and we got to keep pushing. The push to get people to wear masks and stay safe into the holiday season. This as california hits an unfortunate milestone in the fight against the pandemic. The state marked 1 million cases today according to data compiled by several news organizations. That includes people who have recovered, texas became the first state to hit a million cases yesterday. More than 18,000 californians are died. In the bay area, there are more than 130,700 cases. Alameda county is causing further reopenings as it anticipating moving to the red tier. Daily new cases for 100,000 people are up to 4. 9 from the countys low of 3. 4. There is also a steady increase in hospitalization. Officials say if Current Trends continue, the county may be put back into the most restrictive tier and that is purple. Spiking numbers have counties in the bay area hitting pause in their reopenings. The question is this going to be en