Climbing and nasdaq pole vaulting 2. 26 september has still been ugly. Ive been warning you that this is historically the worst month of the year. Ever since august ended, complete with a nasty tenday close and thats precisely what we got but now that september is almost over, lets focus on the future meaning next weeks game plan. It starts on monday when we get results from the mighty four industries which dominate the rv and motor home industry. When the pandemic first hit, ford sold off hard as investors figured wed have a normal recession and rv sales get slaughtered. Sure enough, we have a slowdown and mass unemployment and an incredible boom in the rv business because these things represent one of the only safe way to go on vacation. Since then, thor stock soared but tends to pull back every time people get excited about a potential vaccine. Lie i can th i bet rvs stay longer than you might expect tuesday we hear from companies that can potentially deliver upside surprises that m
London mayor sadiq khan is set to recommend more restrictions. Bruised. Leaked documents related to troop 2 trillion in transactions, showing banks profiting from powerful and dangerous actors, even after the u. S. Introduced penalties. Low inlls to a 25 year hong kong. Plus, pet review. The eu starts an evaluation of a pandemic bond buying program. Policymakers are expected to discuss how long they should continue as well as whether or not they should widen the rules for older programs. Just an hour away now for than the start of from the start of cash equity trading in europe. Lets look at where markets are pointing us futures are pointing us. A drop in asian stocks. Ftse futures off one full percent. Concern of course about further or another renewed lockdown driving that market down further than the others. You see dax futures up 0. 8 . Look at u. S. Futures, not down as much right now. Looking at a drop in u. S. Across the s p, the dow, and the nasdaq, about 0. 5 right now. Anna f
Down 600 points recently. We are not near a correction yet on s p, but we are getting there rapidly. I dont think this can be underplayed the virus, the pandemic is really front and center on a global basis, even with an america distracted by an historic moment. Momente and a historic that could possibly sway the election. Lets get to the bloomberg first word news in new york city with ritika gupta. Ritika good morning. The death of Justice Ruth Bader ginsburg has thrust the Supreme Court into the political spotlight. Republican leaders in the senate are hoping to rush through a replacement with President Trump expected to nominate his pick this week. Democrats are warning of a constitutional crisis. If joe budden wins the election but a trump candidate is still confirmed to the Supreme Court. President trump is celebrating the tiktok deal, despite it falling short on some of its key demands. The white house gets a promise of new jobs sources have told bloomberg that tiktok is taking a
Well tell you why traders are betting on an even bigger run. Later, airlines lower as they prepare for what could be a slow september the former ceo of continue nenal airlines will be with us to explain what the new normal may mean for travel stocks kelly evans is back. Welcome. Power lunch begins right now its the s p 500 sitting close to its record high now the wild market ride has brought a resurgence of the retail trader bob and kate are standing by with more. Bob, lets start with you in these record highs we are on new high watch and for the s p as well as the nasdaq and whats brought us there, thats a very familiar pattern. We have seen it many times its essentially Technology Stocks thats with megacap stocks moving on the upside sectors, its technology thats been leading the way we see banks, energy and industrials lagging there. We had many rallies in those cyclical value names banks, the energy and the industrial names over the last few months in various occasions including ab
Record death tolls. Florida, texas, South Carolina have flipped roles with new york which back in march was the covid capital of the world. One of the new york stars of the netflix dockuseries pandemic is here. Hes responsible for the Pandemic Response for all of new york citys hospitals. She will tell us what lessons she learned during the darkest moments and how overwhelmed hospitals in the new hot spots can gain control. Speaking of netflix, the streaming media leader Tiger King Crown a bit dented while shares are up off session lows. Its guidance disappointed investors. What does the first of the fangs to report in the covid quarter portend for Big Tech Companies that are supposed to report next week . Tesla and microsoft among them. Famed tech analyst dan ives knows both of those names implicitly. Hes calculating the numbers and hes here live to tip you off ahead of the big reveal. Plus, the famed sportswriter who is now saying me too as the Washington Redskins deal with revelatio