Beijing praises the decision while President Trump says he is not a fan. A focusson says now on his cabinet lineup. And plans for structural reform. Are seeing a lot of investors sticking by the sidelines, a quiet session in the u. S. Overnight. Wall street hanging out to see what further guidance we get from the fed after their decision. A great chunk of investors will be waiting for more details as to the revamp inflation target. We are seeing futures trading flat. This after we saw u. S. Stocks rising. The s p seeing a Third Straight session of gains. For a change, we saw gains across tech, outweighing the decline we saw across financials. Treasury yields at the dollar end of the day, where they started. We are seeing the likes of the dollaryen holding steady, this as we look set to see the appointment of yoshida suda as the new japanese Prime Minister. As well as hearing more about whether we will see continuity across his cabinet appointments. We are watching at to see if another
The only stocks that are doing well right now, some of the reopening trades and some of the big laggers for the year like cruises and airlines and some retailers still in the Green Energy Stocks also outperforming. Is this the start of a serious correction or a buy the dip opportunity were diving into that debate. 59 minutes left of trade 59 minutes of of this roller coaster session. Lots of guests as well the market pulls back. Well speak with three ceos that got insight into the state of the consumer, their spending and recovery in america. The ceo of campbells soup will join us on the back of had his companys Earnings Results that stock down 7 right now plus, well get two reeds on the beaten down travel sector with glenn fogel and mark hopelinger. Well speak with nick clegg about the new policies surrounding the election looking forward to that one. Lets get straight to our top story of the day the market selloff Mike Santelli has more on the major market pull back. A big pluflush o
211,000 cases and 5400 deaths. It is Prime Minister Boris Johnson is facing a battle in the house of lords over his controversial plan to break International Law over brexit. Prime minister johnson has agreed to give the house of commons a veto over whether the government can exercise its proposed powers to override parts of the brexit agreement. He made a after meeting conservative mps who were threatening to rebel against him. The house of lords is expected to reject a bill by a large margin. 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. Investors reacting to the feds signal it will leave rates near zero through at least 2023. Chairman powell striking a cauti
Rips into Silicon Valley and defends the companys government work and no symptoms, no test. Why the cdc is quietly updating its coronavirus testing guidelines normally, jim, i wouldnt start there, but you were just tweeting a moment ago about how important testing is as the number the sevenday average of new tests in this country is the lowest since early july. I just think that the main gap in the system is you hear people say, well, my daughter just got it from college and weve been all trying to test in the family, its five days, we dont know what to do. I think that that halting nature of what to do has gripped this country and has changed it from a country where you go places to a country where you stay at home its a country where you do not travel overseas, its a country where youre frightened over a five and sevenday period endlessly and we live with the tyranny of it. Testing would end it, but its got to be instant. Cant be a lab a lab is a big, big obstacle. Yeah. We will talk
It is showing how much power these businesses have to move the index in one direction or another, outweighing technology. As we look at the valuations 2000, the big underperformer today, relative to the median forward valuation on the s p 500, the ratio looks ugly, we are back down to the lowest we have been. I dont know if that is the denominator of the s p 500 continuing to decline. It could be both of those. It has been a downward trajectory, and we have yet to see it. Calls forwe have got questions to be asked of our guests as well. You are a growth investor. There are queries from viewers whether this can be sustained. We have been talking about the heady heights and valuations. You think the nasdaq 100 may have hit a wall here, or can it pull higher . I think we can continue to go higher for no reason at all other than sentiment. As a fundamentally biased investors, you believe you need to have some cyclical rally that comes through for most of these sectors to come to fruition.