Classes. Pricee the new york crude under pressure. We have this key meeting taking place of opec plus today and tomorrow. The gold price at the moment is showing weakness. Buy yourself finance. Bitcoin is erasing some of the 9 . Es by going up nearly lets look at the other first word news headlines. Lets join karina mitchell. Karina bloomberg has learned readingna the latest on chinas economy shows recovery is getting momentum. Manufacturing and services, pmi data both beat estimations. In aty performance came 52. 1. The economy is gaining strength despite sporadic epics of covid19. Bloomberg has learned chinese regulatory officials have said that the chances of jack mas stockoup revising its are looking slim. They are still reviewing changes needed to appease regulators. An additional delay would be a setback for ma. Has big dollars the fight to overturn his election will not reach the supreme court. He told fox it is hard to send a case there and he probably wont succeed. He rehashed
Concerns about a second wave of covid19 with cases surging past 2 million in the United States. Texas numbers have been hitting new highs and houston is reconsidering reimposing its stayathome order. We will continue to follow that. I want to welcome in kailey leinz. Is drivingabout what stocks down. Between 5 es ranging and 7 . In terms of what is driving it, probably eight multitude of factors. The grim outlook from the Federal Reserve yesterday. Layered on top of that, concerns about a possible second wave of the coronavirus and the fact that we have run very far, very fast. There may have been a little profit taking involved in this equation as well. You had small caps really underperforming. They have kind of been a proxy for that recovery trade. They were down 7. 6 today. Yields on the long and with the 10 year yield down about six basis points. On the day, out of the 505 stocks in the s p 500, only one closed up, kroger, one of the classic kind of coronavirus safety plays. Did i
Embassies in africa. I am Alisa Parenti. This is bloomberg. Bloomberg technology is next. Cory i am cory johnson and this is Bloomberg Technology. Befores its final stop the big ipo planned for later this week. Investors question its growth. Warren buffett takes a bigger bite. He has purchased more than 100 million shares of apple. Spacex shoots for the moon. Two a name to citizens have put money down for a lunar mission. As wall street prepares for the first tech ipo of the year, snapchats Management Team make s its final roadshow in San Francisco. Investors are pitching the company to investors. Million users but growth has slowed to 3 . Joining us now, sarah frier. This user growth issue to me is one of the biggest issues with this company. When you look at the sequential user growth, is slowing down. Sarah it has been a top question for snap executives at the roadshow. And in new york, a lot of people we talked to who went to the roadshow expressed skepticism. Their answer to the u
Disney. U. S. G to expand in the over in hong kong, Police Used Tear Gas and pepper spray on demonstrators. Protesters angry over jenna but his plan for the hong kong 2017 leadership election all coming to a head now. Report that pimco for 10 billion in assets. More on the fallout of pimco, Erik Schatzkern with an interesting take on what bill grosss departure means. First, mary, tell us about the 10 million. That is relatively small compared to what they manage. That is true. The 10 billion is really a drop in the bucket. People are very nervous or there is a report that there is maybe 30 of their assets. A major threat for them. Meetings onse big friday. They deployed all of their investors trying to control of all out and saying, it has it is the same it is oh is been. This will be seamless. Everyone loves stan dan and thinks he is a great investor. It was learned bill gross was leaving. This all goes to your point about how difficult it is when firms become closely identified with
Up for sale. Heres brian schactman. Reporter i touched it yesterday. As a sox fan i touched the sock. Did you wash your hands is this. Do it like southie does. You criticize mine. Sock. Reporter even though its kind of odd, a long song with dried blood back. Those not in the know, want me to keep going like this, sul . 2004. Curt schilling pitched a sixinning world series gem on a damaged ankle so, dang it had bled through the sock, as you see. The sox ended up winning the title for the first time in 86 years. Need this little history level and the sock became an iconic symbol of it. Since retiring from a career in which he made 114 million schillings video game captain went bankrupt and hes selling the sock through heritage optics. Guess were not going to use the sound bite. Show is over. 64,000 is the current bid. Think it may get half a million. Thanks for joining us on street signs. See you tomorrow. Hi, everybody. We enter the final stretch on wall street. Welcome to the closing b