This follows the fed chair powells comments on an uncertain economic recovery. Airline stocks are lore wer as e group pushes for more money. Time we got the details on that. Later moderna laying out its time line for vaccine as President Trump and the cdc contradict each other about when one will be fully available to americans. Maybe were splitting hairs a little bit maybe not. Well separate fact from fiction. Kelly, bye it feels strange to be this close to someone other than any husband. Lets take a look at the big board behind me. Whats leading the way industrials and materials. The only two sec sotors in the frie green. Thats the trend we have been seeing this week its the opposite story for tech down today down about 8 in september after an epic run for this group. Lets get over to bob. Hello most of the big megacap tech stock amazon, facebook, apple are down were getting one of these periodic boost from the cyclical slash value, slash reopening look at these material names and in
Has fueled wildfires that have born burned more than a million and a half acres. Laura has become a category four storm. It is expected to make landfall tonight. We will have the latest on its movement in just a moment. Force. Rce joint the company beat estimates. We will talk to Ceo Marc Benioff live this hour. There is no one bigger than rhode island representative line. Cicil i sat down with the congressman for an exclusive interview that is ahead later this hour. If its politics you want more of, you can watch the Republican National convention tonight on bloomberg television. Viceyes will be on president mike pence as he makes the case for President Trumps reelection. We will bring you that coverage at 10 00 p. M. Eastern time. Our Bloomberg Markets correspondent Abigail Doolittle is with us. Abigail more record highs. I think you nailed it, talking about the fed liquidity. That has been the driver for the rally, right out of the march lows. The fed successfully stirred the animal
Of watching R T International coming to you straight from moscow 247 welcome to the program this hour. Their action foreign minister Sergei Lavrov has said russia has nothing to hide in the aleksei and about the case nato has had an International Response is needed to the alleged poisoning of the russian opposition figurehead the western military alliance is also calling on moscow to fully cooperate in an International Probe into what happened that follows an announcement by germany that the money was poisoned with a chemical nerve agent r. T. S. But all of our has the details we heard from u. N. Stoltenberg the nato secretary general on friday morning he said that being presented to the alliance it being presented with proof beyond down to the lake say no volley had been poisoned using a novacek military grade of agent he said they would have to be a International Reaction to this however he wouldnt elaborate on what would be the use of chemical of that but lets use over overunity che
Earnings, and we will bring you the trade. First, we start off with the amazing chase. The s p 500 and nasdaq starting at new alltime highs and the record move is forcing wall street analysts to play a game of catchup. And as Morgan Stanley is up on the price tag of apple for a street high of 1. 20 a share, and it is where apple past the beginning of the month. And with tesla, the stock is 1247 and the stock is now trading above 2,000 a share. So what is this giant game of catchup saying about the stock market that we are in. Guy adami . Well, first of all, welcome back mel back, mels, and i love that you are on every show since your return, the and so have you watched any baseball since you were gone . Yes, i did. No doubt you saw mike trout play, and to bring that up because of the absurdity of everything, a mike trout signed rookie card sold at action for 4 million and i dont point it out to be glib, but point it out because everything is chasing everything right now, andpel is one
Good morning, everyone. This is bloomberg surveillance. I am Francine Lacqua here in london. The market is taking in a few things, european stocks dropping due to these new travel roles. Now lets get to the bloomberg first word news in london with leighann gerrans. Hi, leighann. Leighann good morning, francine. Israel and the united arab startes have decided to talks. The two sides will hold a range of talks in the coming weeks. In the meantime, israel has agreed to suspend its efforts to annex part of the west bank. Palestinian officials quickly criticize the move, calling it a betrayal. The u. S. Is adding france and netherlands and malta to its quarantined list. People now have to isolate for 14 days. It comes as the u. K. Has even more lockdown measures and even tougher penalties for ignoring social distancing rules. Fines for not wearing a mask will double to a maximum 3200 pounds. Lai kong media tycoon jimmy accusing china of arresting him on trumped up charges. Lai pushed back a