The and pennsylvania. No sign of qe for the boe. Officials boost stimulus to prevent a doubledip recession. Good morning, everyone. Welcome to bloomberg surveillance, but welcome to our Election Special. Votes are being counted. I am Francine Lacqua in london. Tom keene is a new york. Tom, we look at the senate, the legal challenges. I know you and i have not slept much in the last 24 hours as we were roaring through the votes, trying to figure out exactly how throughident poring the votes, trying to figure out exactly how the president can mount a challenge. The other big news is the bank of england, because they did more than the markets were expecting, but remember this is in the middle of a brexit negotiation. Lockdown in london starts today actually, the u. K. As a whole starts today. If you look at futures in the u. S. , european stocks, they are tom, twocompared, yesterday. Liking what they see at the moment, but whatever the outcome of the u. S. Election was, it was pretty much
Of business. 2020 marks a special year, our one hundredth anniversary and we are celebrating 100 years of purpose driven business education. Since our inception we believed in the power of partnerships to inform and lead change. I would like to thank the center for Global Security analysis and our wonderful partners, the museum of American Finance and cfa society of new york for cosponsoring the conversation. One of the goals of the centennial series is to shine the light on the importance history plays on shaping the future. In shennette garrettscott at latest book banking on freedom black women in u. S. Finance before the new deal she explores the rich period of black financial innovation and its Transformative Impact on us capitalism. Todays session will take place in 3 parts. First my colleague and friend david cowan, president and ceo of American Finance will introduce shennette garrettscott. Then she will discuss her book banking on freedom black women in u. S. Finance before the
Shennette garrettscott. It is a first time joining us, my name is Donna Rapaccioli and had the honor of serving as the dean of the belly school of business. 2020 marks a very special year for our School Tickets are 100 anniversary and were celebrating 100 years of purpose driven his education. Since our inception we believe in the power of partnerships to inform and lead change. I very much like to thank the Global Security analysis and a wonderful partners, the museum of American Finance and the society of new york who are cosponsoring todays conversation. One of the goals of the centennial series is to shine the light on the report history plays in shaping the future. In her latest book, banking on freedom black women in u. S. Finance before the new deal, she explores a rich period a black financial innovation and its Transformative Impact on u. S. Capitalism. Todays session will take place in three parts. First, my colleague and friend david callan, president and ceo of the museum o
Split. Well tell you why invesetors ae piling in today. Energy companies have shut in production we have the latest on the impact of tropical storms marco and laura. Power lunch starts right now thank you, tyler as you mentioned its shaping up to be another record breaking week on wall street. That means even more evidence mounting that stocks are getting pretty expensive bob is following the markets for us bob. Yes it is. Right now we have very light summer volume. We have fairly narrow trading range today. I like what i see and i like what i see for one particular reason for once its not all about Technology Stock it started out that way at the open but it quickly changed and investers decided maybe the tech stocks are too pricey afterall today were seeing Energy Stocks bank stocks out performing, even industrials out performing the Technology Sec tore. Thats a big change of pace for the last couple of weeks i want to show you something to give you an example of how it changed. Apple
Yeah, President Trump started promoting mask wearing on twitter. A major shift and the stocks have been fitted from a reopening economy are higher today and thats how the dow jones gained 160 out performing the s p 500 but trouhe nasdaq. the cramer covid19 index is out. The recovery stocks are in at least for today our country has the worst coronavirus outbreak because we turned wearing a mask into a cultural issue the president tweeted a stark black and white picture of himself wearing a maface mask wh the explanation saying many say its patriotic to wear a face mask when you cant social distance there is nobody more patriotic than me, your president. End quote. Well, kind of the only one why does it matter because President Trump is the de facto leader of the anti mask faction. Thats why he spent months refusing to wear a mask in public and framing this as an issue of personal freedom. That emboldened people to take ridiculous stands against mask mandates invoking the first amendment