The in that canasdaq at 2. 3 the stocks are all flavors and sizes and including stocks that is rallying the same time from a certain perspective this move looks like it is driven by contradictory theories about the future take the election. Today the market trended both trump and biden are going to win. Seemingly impossible let me give you both perspectives on the republicans side, the president is feeling better and theyre betting a big bound. Trump is expected to leave walter reed medical at 6 00 p. M. We are monitoring the situation and keep you updated maybe he can make a come back and win the election thats the argument he started making today you should not worry so much about covid because we got great drugs that can beat this thing on the democratic side, biden has been getting strong pollings, much better than hillary clinton. A landslide victory. Thats some real possibility the democrats want this election to be a referendum on covid. Even the president is fine, the white hou
Veered into pedestrians on london bridge, setting off vehicle and knife attacks that killed eight people and wounded many others on the bridge in the nearby Borough Market area. Three muslim extremists who carried out the attack were killed by police. Moving on to another big stiry were following the heat. Kron4 meteorologist Lawrence Karnow has been tracking temperatures all day and has your 4 zone forecast. Lawrence karnow it was a record breaker as temperatures soared into the 90s and triple digits in the bay and valleys. People were flocking toward thcoast to beat the heat. We are at the beginning of a heat wave as we head into the first few days of summer. The heat advisory has now been extended to thursday as the strong ridge of High Pressure is expected to stick around until then. Theres a little breeze but not as stong as yesterday. If youre going out tonight the temperatures will be very warm to mild away from the coast. We are starting to see some fog forming near the coast.
Sara eisen the dow is up 81 the best day for retail since late july as the markets go green for august absolutely we are also following a big business story President Trump making waves doubling down on a previous statement that, quote, both sides were responsible for the violence over the weekend. Multiple executives stepping down from the white house business councils, some vowing to stay and work with the president. Listen to the restaurant ceo andy plesner who is a big trump supporter. Listen to what he had to say i was really happy with jaime diamond who came out and made his statement. This was very positive because i think two years ago jaime dimon never would have said anything american executives speaking up is incredibly important. Dont walk away from the table, stay in the game, lets see what we can get done. Now listen to former secretary treasury Larry Summers disagreeing and saying wishes to speak to anyone in the senate, anyone in the president s cabinet or key officials
Citys police superintendent. This comes after a video showing a white officer fatally shooting a life teenager. You can get more on these and other breaking stories bloomberg. Com at. Mrs. Bloomberg. Coming up, Mark Zuckerberg gains a daughter and gives away a fortune. The facebook founder announcing his plans to donate 99 of his shares in the social network. Plus, a changing of the guard. Can the new leader save the smartphone business . And what goes down must come up a new investment in snapchat. Mark dose of news from zuckerberg. They are the proud parents of a baby girl named maximo. He planned to give away 99 of their shares in facebook worth about 45 billion. In a letter to their daughter he said our society has an obligation to invest and improve the lives of all those coming into this world, not just those who are already here. Joining me with more is our bloomberg billionaires reporter tom metcalfe and sarah. What is happening here . 99 of his facebook shares. It is worth 45
That she was a contraction. I want to Bloombergs Julie Hyman with more on numbers. Julie contractions are a negative surprise. Economists had estimated 15 and inalf, expansion manufacturing. Instead, we got a reading of 40. 6, even after we have the Market Manufacturing number 15 minutes ago that showed an expansion, a better than estimated number. A couple of different readings. Prices paid rising less than estimated, a reading of 35. 5. At the same time, we got Construction Spending month over gain that gained 1 ,. 6 estimated here. Overall, it looks like the isn manufacturing report is considerably worse than had been estimated. We have been seeing for some time waning manufacturing numbers. This is the biggest decline since june of 2009 in manufacturing. Betty it is knocking stocks off the peak. Julie if you look at what is going on with the u. S. Averages, lets take a look. Weve been seeing a bounce back from yesterdays decline. Heading into what is traditionally the strongest mon