Yield moving up to. 4 basis points the vix is below 22. Joining me now is marc lasry. Great to speak with you. Lets begin with the markets. You said 2020 be a onceinalifetime opportunity. Where are we in that opportunity now . Now that the first wave of buying is over, is there another way to come this year . Marc thank you for having me. There is this misconception that we have missed it. We have not missed it. Is doing really well, and that is fabulous for equities. But you have a Record Number of companies that have already filed, and they are continuing to file. It is a world of haves and havenots. Us, we are finding quite a bit to do in the u. S. And around the world. We will get to everything that you are doing in a moment, but what do you do if you feel like buying but you know it is probably not the time yet. Do you have a forecast on when we are likely to see more pain . Marc i think now is a great time to buy. You dont want to time this. In want to be able to invest situation
1. 1747. , 1934. 74. Another busy week for the markets. 189 s p 500 Companies Due to report. Some already reporting today. We also have the fomc Rate Decision on wednesday as well. We welcome margie patel, Wells Fargo Asset Management Holdings Managing director. Characterize this earnings season for us. It has been encouraging. Last week, we have 20 of companies reporting. 80 of those were above expectations, even though many said they were not in the position to predict earnings for the year. Uncertainty, very pleased with the first reports. You to would that cause be a buyer of these companies, or is it more of a relief that we are not seen the bottom fall out of the market . Margie what it tells you is that, with no proposition from most of the fixed income market, stocks really look reasonably year ifve over the next they can raise their earnings. Many of them are in a position to do that. That is what the markets are reflecting. , theyes dont look bad dont look overpriced compared
Hopes around that region of the world. Disney is out with what investors are seeing as it fantastic Earnings Report thanks to streaming. Nikola, not so much. We will be asking the ceo about the 9 climb. Just 89 days unto the u. S. President ial election and during election year, august returns tend to be higher, finishing starter finishing higher than at the start of the month. Joining us now is the author behind that report, george pearkes. George, obviously you have to think that this year might be slightly different. Is there any really fundamental reason as it why as to why it should be different . George the historical precedent in the United States is that it is disconnected from the market cycle. You do not tend to see huge swings in market purely as a reaction to politics which is more common in emerging markets or other developed market economies. 1928the long term, since when the s p 500 price data see positiveend to returns in august and for every month leading up to an elec
Years before resigning to join the trump justice department. He was forced out after his refusal from investigating russian meddling in the 2016 election. That is our first word news. Im Mark Crumpton. Vonnie it is 1 00 p. M. In new york, 6 00 p. M. In london, and 1 00 a. M. In hong kong. Im vonnie quinn. Welcome to bloomberg markets. Here are the top stories we are following from around the world. Schools across the United States prepare for students to return in some form in the fall. Ill be speaking with authority else goes in garcia, the president of the National Education association, representing 3 million Public Education professionals. We will also be speaking with 2u inc. s chip pot check. Position be taking a on how to stop the administration from enforcing those visa rules that would Bar International students. Also discussing the ramifications of colleges going online. Shares of ncino surging today, 71. The ipo was priced at 31. I will speak with the companys ceo about its
Indices were down 2 . Right now the dow is down. 9 . Before some tech earnings, the nasdaq up a quarter percent. A lot of movement in oil. We will be speaking to paul sankey about that. The 10year yield down to 55 basis points. Just to show you that it is Consumer Companies like procter and gamble that are helping the market recover a little bit today, that index up 1. 9 . People cannot do without their necessities, as long as they have the money to buy them. U. S. Economic data showing gdp shrinking at a record pace. 17plus million americans applying for ongoing benefits, which necessitates the need for more to be done. Lets bring in narayana kocherlakota, former president of the minneapolis fed. He joins us from rochester, new york. Talk about the dire Economic Data this morning and what it tells you about whether even the minimal reopening that we are doing is helping the markets more broadly. Narayana thank you for having me on. The numbers were certainly eyeopening. 10 fall transl