Very much with us. Is greg joining us davis. I want to push you into a realm of speculation about the president or google hope he has a speedy recovery along with the first lady walk me through how you processed this. Ultimately, how soon will we actually got some simple therapeutics and when will a vaccine be available and how will that translate into the economy and allowing businesses to get back to usual. Do you thinkt about the degree to which consumers will engage or disengage in the coming months, given what is playing out in europe and the spark spike in the United States . Gereg when we start to see start to see effective vaccines, you will see a broader reopening of the economy not just in the u. S. But until people get back to facetoface activity and trash traveling and leisure and hospitality, it will be a drag on the economy. We still think the recovery will be relatively slow here when you think about the implementation and availability of the vaccine, it will go to front
Distribute 300 million doses of the Coronavirus Vaccine in india. Says it is paired with an Indian Company to conduct phase three trials in india. A top Indian Health official calls the partnership a winwin for india and the world. In lebanon politicians have missed a deadline to form a new government. The deadline was set by Emmanuel Macron who has been pushing lebanon to an act urgently needed reforms. Lebanons struggling economy took another hit when an explosion killed nearly 200 people, injured thousands and caused losses worth billions of dollars. Global news 24 hours a day on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. I am Mark Crumpton, this is bloomberg. It is 1 00 in new york and 1 00 a. M. In hong kong. Welcome to bloomberg markets. Here are the top stories. It is fomc decision day. Unveiling a strategy on inflation. Today they have the opportunity to back up their plan with details as they look to accelerate
World. India is expected to become the pandemics worst hit country in the coming weeks, surpassing the u. S. , where more than 7 million cases have been reported. A lack of social distancing and mask wearing is hampering containment efforts. According to a new book from a former staffer, President Trump considered naming his daughter ivanka as his 2016 running mate before nominating mike pence. Revelation comes from rick gates, who in the summer of 2016, was the Deputy Campaign chairman and later became a star witness in the collusion investigation. Global news 24 hours a day, onair, and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. Im Mark Crumpton. This is bloomberg. 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 from around the world we are following. Stocks are higher around the world as we approach months and. After
Extinct him investor fixed income investors interested. They are crushing yields. Joining us now is jeff rosenberg. Its fantastic to get you on the show for this topic, the role that treasuries play in a portfolio, from 2020 looking out. Its a huge topic at blackrock. How are you thinking about this question . This i wrote a piece on and continue to write under the theme on investing without a parachute. This september is a really good example. We wrote pieces on it and everybody is talking about it and its like ok, what does the new world look like that we are going into . In september, equities are down 8 and treasury yields are highlighted by all of those comments. Barely budging. Its the combination of the low yield makes the income relatively unattractive, a couple of comments in there about taking credit risks. And it will come around to that question in a second. But another thing that is difficult about the investing outlook now and where treasury yields are is that they are no
Less. The 30 year yield is interesting, it had a six basis point move earlier, probably the largest we have seen in any part of the curve recently. I want to point to the European Bank stocks index. It isn 6. 3 index down 6. 3 on the news of how banks are money laundering. An agency coming out saying this all proceeded their 2017 deferred agreement. We see how it progresses through the month. One stock to point to is universal health services, just an example of how Health Care Insurance and hospitals in particular are selling off today. Lets bring in Bloomberg Intelligence chief equity ategist jason Martin Adams Gina martin adams. Gina, if that had been your contention, how do you add in the death of Justice Ruth Bader ginsburg and how that will play out in the coming weeks and months into this market . Gina i think we already have a market that is pretty nervous about what is going on in washington with respect to the upcoming election upcoming election. Ago, we wereonth really prici