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 election except for january. On a median basis, you get a. 9 gain in august. September is weaker. And. 3 inber november. August appears to be more volatile. We have seen returns in august of 8. 4 . We have seen big drops in august in election year. This time things might be a little bit different. Certainly since 2016 we have seen markets paying closer attention to the political cycle for a number of reasons. I think the biggest one is just understanding the coordination of Republican Congress and republican president as being a substantially different outcome from an adversarial relationship between a and democratic president and a democratic congress. I think it is notable that the business talk tends to be more clinically oriented more politically oriented. Vonnie we will get to the other types of investors in a moment and their behavior. I want to ask you how the pandemic is affecting things. Maybe not from a market point if you come up we have seen stocks continually go up since march. But maybe from a liquidity point of view, an active point of view both fiscally and monetarily in the United States, it is different this year. George i think the best framework for understanding why the equity market has performed so well relative to the current state of the broader economy since march is that we have seen a very big change in the worst possible outcome. Back in march, there was no certainty that congress was going to step in with adequate fiscal policy response or any response quite frankly. We did not know exactly what the fed was going to do. The fed radically overshot what any reasonable expectation would be in our view and that is a positive for the economy and the market. Up in a wayepped that was never to get by very many people either. Both of those things are dictation that when outcomes get really bad, policymakers will step in and prevent the worst possible outcomes. Theet what it in terms of sort of baseline expectation for corporate profits for the best possible scenarios. If you hold all those constant but you chop off the worst possible outcomes from this ion of outcomes, desk distribution of outcomes, then you would expect the price of the market to rise substantially. I think that has been a very big factor in what has gone on with the market. The other thing important to understand is that not only are large tech oriented names basically, apple, microsoft, facebook, amazon and google, not only are they a very large shale share, but they are also a very large share of s p 500 earnings. If you look at those, other than amazon which is extremely aggressively valuable, the rest of those companies are at a discount to where their market cap is. That,er words reverse they trade at a lower market than the rest of the market below that. Basically what that means is these Big Companies that have been able to protect their cash flows and continue to grow quickly through the pandemic are very weighted in the market so the market overall should be more resilient than we would have expected. Those are important things to consider when looking at the aggregate level of the equity market and how it has performed coming out of the endemic in march. Pandemic in march. Vonnie what needs to have been stimulus wise . Gdpot get another cannot go up to 32 for example. George it is not whether gdp bounces in q3. Q3 will be a huge sequential growth number. The problem will be that total output will still be below last year. The question is how fast we get back to the track that we were on of the same sort of projected evolution of the level of gdp and the risk is that we do not have a lot of quarters of strong catchup growth. If we have a 16 quarter in q3 and then have 2 quarters thereafter, that is a huge loss of output relative to what wouldve happened if we had kept growing at around 2 . The question should not be on investors mind how fast will we grow, what is the number in q3, it should be what the number is going to be in q3 to get us back toward that level, reversing q2 and then what is going to be growth in the subsequent two or three years after that. At this point given how far output is below where it was even further below trend, there is not enough that can be done. You can throw everything at the kitchen wall and see if it stakes sticks. The risk of overshooting is low. What we have urged is that congress extend the six 1 per week bonus payments 600 per week bonus payments. We would like to see them extend grants to state and local governments to prevent contract of payrolls. There are other forms that can be helpful whether it is stimulus checks or easing restrictions on the lending programs, there are other things that can be done. Basically, congress cannot do enough and we are not encouraged from what we have been hearing out of the negotiations between House Democrats and Senate Republicans over the last couple of days. Vonnie we will get an update on that later in the program. George pearkes of Bespoke Investment group. Now this code lets get over to first word news. Mark the speed with which researchers are developing coronavirus vaccines is not sacrificing safety. That is according to dr. Anthony fauci. He spoke earlier today to my colleague, david westin. The reputed tea with which we are moving relates more advances in how you can make a vaccine even before you Start Testing it that makes me confident that we are going to do everything we can to determine safety. Mark dr. Fauci said that in order to put a nail in the coffin of an outbreak, there will need to be a vaccine. There is a sign that the increase in cases is putting the brakes on the labor market. According to adp, companies in added 167,000n in july, below the median estimate of 1. 2 million. The government comes out with its jobs report on friday. The Hurricane Season will probably go from bad to worse according to researchers from Colorado State university. They boosted their storm forecast from 20 to 24 on the eve of the seasons most active phase. That which really only 2005, the year a record 28 hurricanes formed. One of them was katrina which devastated new orleans. 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. Vonnie this is Bloomberg Markets. As much as 7. 7 today after 5 asgs, still up on the the Company Therapy sold more than expected. The ceo joins us now. Thank you for joining. Explain to us how much more you think you can sell. Nice to be with you. We think we had a resilient first half of the year. We were challenged by the covid19 pandemic all over the world. Manufacturing operations stay on top of the game and we were able to keep uninterrupted supply. We are the largest pharmaceutical manufacturer worldwide supplying around 200 million patients every day. We are happy about the progress on our new products that we launched recently. One which is used in huntingtons disease. These products we saw nice growth. We see a good combination of resilient value chain in the face of the pandemic and some strong growth for our new products. Despite the fact that we do see lower volumes due to the pandemic. Vonnie of course, we should mention that we are just coming toward the end of the restructuring plan. This is all coming at you at once. Stockpilingd that had pulled some sales forward and that that would have hurt sales this quarter. Do you continue expecting that in coming quarters . Kare i think we are through with most of it. What we really saw is at the end of the First Quarter in europe when we were facing the lockdowns, we had patient hoarding at the pharmacy level of products and generics. Million resulted in high sales in europe. It came back as a reduction in sales on the Second Quarter. Sales were pretty steady. The reason why sales went down around the Second Quarter was because people had stockpiles at home and also because they stopped going to the pharmacy. They stopped going to the doctor and at the hospital during the lockdowns. Now that the lockdowns are over in europe and we see volumes getting back to normal, i would say right now that probably maybe five to 10 below normal, but we see signs that some are getting all the way back to normal. What will happen in the third and Fourth Quarter depends on how the pandemic evolves. It is difficult to say right now. Our expectation is that we will get close to normal. We have contingency plans so that we can hit our targets should we say some marginal reduction in overall volume in q3 and q4 of this year. Vonnie you are still targeting mortgage margins up to 28 . Kare there is no change to our targets. Operating margin of 28 , we are targeting to get it down so we debt whichet of net would go below three at the end of 2023 and all of those targets remain unchanged. Can you tell us where you are in negotiations . Sign 1. 2deal to billion. But where are the negotiations . Kare the negotiations are quite progressed. We created a framework element settlement with Johnson Johnson and other distributors. This framework has been refined during the latest months. But we have not seen the last push to the finishing line. The reason is really covid19 because we were all expecting that the opioid trial in new york in february would push us to that finishing line and we would get the whole thing signed and sealed. Andthen covid19 happened the trial got postponed and is still postponed. There is really no clarity on when we will see the next major ob would litigation major opioid litigation. We do not really see all of the many people involved in this, the lawyers and parties really come together and get to the finishing line which is a shame because people in the u. S. Suffering from Substance Abuse really need help. As you know we have offered to donate the use of a very good drug to wean people off of opioid misuse. We have offered to donate it for the next 10 years. The faster we get going, the better for people suffering from Substance Abuse. I hope we will see a final settlement this year. I am not optimistic about the timing right now. Vonnie are you saying it is the systems fault because it cannot meet and you cannot come to some kind of other arrangement with the system . A multipartyu have litigation and you have a settlement framework that is ready to go, in order to really finalize it and sign it, you have a lot of lawyers involved, a lot of plaintiffs, a lot of defendants. In this case, five companies, six states, lots of people involved. To get the whole thing wrapped up, the need to be some kind of time pressure. There is no time pressure other than the fact that it will be a good idea to wrap it all up. But there is no legal pressure due to the fact that all the trials that were pending have been delayed due to covid19. Vonnie it does sound like distribution would help a lot of people in the meantime and covid19 is making their situation worse. What about the other problem with the attorney general and the genetic pricefixing . Where does that stand right now . Kare that is correct. We have a criminal investigation ongoing with the doj. It is a situation where we see that we have not committed any crime, we have not organized any pricefixing, we have not organized any cartel. When we are in negotiations and negotiations with discussions with doj, hopefully we can reach a solution. And with that, we might go to trial. Vonnie obviously, there is no data settled for that, you are waiting for the court system to get back up and running on that, too. The final question that i wanted you areou is that obviously contending with many supplychain issues around the world. We have learned that germany is really low on things like generics because india stopped exporting generics. What kind of affects have you seen on your business from that action by india to stop exporting generics . Kare we have seen a lot of different hurdles on all markets from basically all angles. I think we have been able to overcome them all and we have very steady supplies coming out of india and all of our markets. All of our supply chains are fully intact. We dont have any supply problems in germany as you mentioned. We are very happy about it. But it has been and continues to be a very challenging environment and you have to adjust every week, every day and you have to secure authorities in all countries to understand how important it is for patients that you keep the chain moving and products moving around the world. So far we are very happy about the results we are achieving. Vonnie congratulations on the quarter. We look forward to your next update. That is kare schultz, Teva Pharmaceutical ceo. Still ahead, wayfair reports its biggest ever jump in revenue. It will discuss its stock. This is bloomberg. Vonnie this is Bloomberg Markets. Time for the stock of the hour. Wayfairs gain, it may be slowing now but the Second Quarter was one to remember. Scarlet fu is here with details. Etrlet the Home Furnishings ailer opened lower at the open. It is now at a record high. If you look at how it has performed since march, it has taken off from the low 20s to almost 300 per share. I remember speaking to the ceo five years ago. Here, it was in the Housing Market and convincing people to take a chance on buying Furniture Online without seeing it in person. You turn to 20, the company is positioned for lockdown. It is it saw unprecedented demand. Wayfair now has 26 million customers. New customers signed up and repeat customers came back and spent big. They spent 440 million. I friend bought so much stuff on wayfair that the company reached out to her to ask her if she wanted to sign up for orbit account. A corporate account. She declined, but she thought about it for a little bit. Vonnie a large amount of Square Footage that that friend has. Wayfair has had a huge catalyst from the pandemic. Is this sustainable to buying home goods online . Scarlet that is the key question. Revenue is up 70 accurate wayfair is not committing to any kind of forecast. It is not giving a forecast and actually says there is uncertainty out there. But they have seen is that in places that have reopened early or have reopened already, world has started to level off. It is still pretty hot versus the precovid period. This is a growth opportunity. Home goods only has 13 share online versus 30 for apparel and 43 for electronics. There is room to grow in this market and they find themselves perfectly positioned for that. Vonnie thank you. Some extraordinary numbers there. He really is a Straight Line up in the last few weeks. It really is a Straight Line up. Coming up, we will be hearing from dr. Anthony fauci. That is just a few minutes away. We are also going to be talking to the nikola ceo. A different outcome in terms of market reaction. Stock is down about 9 . It is a growth stock or in this case, a nongrowth stock. We will be asking the ceo some serious questions. Lets look at where we stand with the doubt up 1. 2 percent, Holding Onto Gains in the session. The s p 500 up. 6 . The nasdaq is the laggard, up. 4 . I should mention that the dows gains come while disney and boeing, disney having a blow away quarter in terms of what analysts were anticipating and what actually emerged. It turned out that streaming did make up for the themepark efforts. Only has 5. 5 as well. The dollar is weaker today. Stronger european currency at 1877. We are approaching the 1. 19 mark on the euro. It looks like stimulus hopes are a little bit brighter in europe than in the u. S. Right now. That could all change on a dime. A forecast out of the u. S. This morning. Businesses are starting to bounce back. But what if you could do better than that . Like adapt. Discover. Deliver. In new ways. To new customers. What if you could come back stronger . Faster. Better. At comcast business, we want to help you not just bounce back. But bounce forward. Thats why were helping you stay ahead and adapt with a network you can count on, 24 7 support and Flexible Solutions that work wherever you are. Call or go online today. Mark i am Mark Crumpton. A lebanese broadcaster says workers welding a door started a fire that led to that warehouse explosion yesterday in beirut. Authorities blame tons of volatile Ammonium Nitrate for the blast that killed at least 100 and injured 4000 others. The chemical had been in storage since 2014 despite warnings it posed a danger. President trump is pushing back critics of the proposal the u. S. Government should get a payment if an American Company buys tiktok. Microsoft and other companies agreed with the plan. They have until the middle of september to make a deal. Mayor bill de blasio says new york city will set up check white at bridges and tunnels at bridgesoints and tunnels. Travelers will be required to quarantine for 14 days upon arrival President Trump says the virus is going away. He told fox news that this thing is going away. It will go away like things go away. The president also push for schools to reopen. He said inaccurately children are almost immune to the virus. Global news 24 hours a day on air and on quicktake by bloomber. Powered by more then 2700 journalists and analysts in over 120 countries. I am Mark Crumpton and this is bloomberg. Amanda i am amanda lange. Vonnie i am vonnie quinn. By our audiences. Here are the top stories we are following. We will hear from the top Infectious Disease expert on whether the pandemic will come to an end without the vaccine. We are speaking with the ceo of nikola to discuss the first Earnings Report. Divea we will be taking a into the most recent earnings and discuss how the oil will make good on the promise to be a zero Emissions Company by 2050. Vonnie i want to mention a headline the new commodity trade finance. Bp is reviewing the unit. Reviewing the unit dealing with commodity trade financing deals and it is probably not a shocker. We will get more details from alix steel in a few minutes. Amanda. Amanda vonnie, markets across the u. S. Are certainly focused on the vaccine front as well as stimulus. It seems as though optimism about reaching an agreement is playing its part in assets. We are not seeing massive momentum, but the s p 500 tracking a fourth day of gains. It is doing the broad market better than the narrow leadership of tact. Industrials leading the way and trillion potentially dollar stimulus package the u. S. Dollar is weakening and gold holding above 2000 on the spot. Both of those a factor of mounting debt and deficits. We are keeping our eye on disney today. That stock up 9 after earnings and streaming data. We have been talking a lot about the enthusiasm for vaccines and whether or not there will be any single silver bullet. This seems to be that may not be the case. In an exclusive interview with david westin the top Infectious Disease expert, anthony fauci, says while he hopes for an advocacy rate of 70 even 50 would be helpful. In the sense of truly putting it behind us. The classical history of viruses, particularly respiratory viruses, that if they are going to be something that is as capable as this virus is as sufficiently spreading from human to human, if you really want to put the nail in the coffin of an outbreak, you are going to need a vaccine. However, there are many things we can do from a Public Health standpoint that could more adequately control this globally and domestically. They are not particularly complicated things. They are things we keep talking about. Five or six fundamental principles. Things like wearing a mask universally, indoors and outdoors, keeping six feet distance, avoiding crowded places, outdoor is always better clearcut, having a fundamental awareness of the need to wash her hands as frequently as you possibly can, and stay away from places like bars where you congregate in crowded places. Oneniversally do that of the problems we have in this country is that the understanding of the seriousness of this as a pandemic varies depending upon which Demographic Group you are in. I have never seen an infection like this where it goes from 40 of the people have no symptoms, very heavily weighted toward young people who do quite well. People who have moderate symptoms, severe symptoms, hospitalization, intensive care, death. David what is effective in a vaccine . Maybe it is effective for three months or six months. Then what do we do . Let us talk about the percent effectiveness or efficacy and the durability. They are separate. If we had a i hope it is going to be more than 70 but even if it is 50 or 60 effective, that is totally value added. If you complemented with Public Health measures. To give you an example if you look at measles, measles is an amazing vaccine. It is 97 to 90 effective. The only thing you need to do with measless vaccinate people because the high degree of efficacy which gives it herd immunity. When you have a vaccine for a disease in which you can do Public Health measures to mitigate against the spread you put those two things together 80 i would love to have an or 90 effective. If we get 50 effective, i will feel good. Durability is a different story. No question if you get a vaccine you are going to have several months protection to get you through a season. If it turns out that you get more than that, all the better. If it turns out you need to boost someone, that is ok. We can give a booster shot the way we give booster shots for other vaccines. Ahead in this race as far as you can tell . You know, it depends on what you mean by temporally or head efficacy ahead. The proof of the pudding is that largeed to t do the phase 3 efficacy to confirm safety. Vonnie that was dr. Anthony speaking earlier. Coming up, nikola reported results for the first time. We are going to speak with the ceo mark russell. This is bloomberg. This is Bloomberg Markets and i am vonnie quinn alongside amanda lange. Nikola reported secondquarter earnings that does not offer as many details at the market expected. Analysts were hoping for more information on new customers, production timing, and even partnerships. Let us try to get more inside from the ceo, mark russell, who joins us from phoenix. A little bit of disappointment among investors with the stock down. Is there anything you can tell us about potential partners . Mark a lot of discussions with partners and that is one of the unique things about nikola. We have always been open to partnerships. We are very different from tesla, people often compare us to tesla. They tried to most things on their own and we have said this is a huge undertaking. We are interested in partners who can bring resources and help us succeed. We have been looking for partners from the beginning and you will see more Partnership Announcements in the future. We are going to be a partner company. Seems mark, one thing it as though the market wants to hear his names. Once you lineup partners how soon before we see production on the road . Mark as you mentioned we are looking for a partner for producing the badger. Isending on who that partner we will get it on the road as soon as we practically can. We will also announce that partner as soon as we have the legal ability to do that. We have made great progress on that front and these are partners who can help us produce the vehicle rapidly because they bring a lot of resources to the table. A lot of credibility. People will be impressed by the name. Vonnie it sounds like you already have somebody in place. Is this a carmaker, a technology company, can you give us any idea of what these resources you speak of our . Mark it will be an original equipment manufacturer in the automotive industry. Vonnie what we know already. Understood. There are holds on the stock. Very positive when you think about it. Can you give us an idea of how many customers you wouldnt would anticipate and how soon . Mark we had not planned on building a passenger pickup truck until the cyber truck was unveiled by tesla. So many people were disappointed with that. It was a polarizing design. Some people love it and others had reservations. They said could you do Something Like that . We had a concept and we just throw it out there and said, here is concept we have done before. People went nuts. I think we opened our website for people to come in and fill out a form and say i would be interested. We had 89,000 people do that. These are nonpaid reservations. They are indications of interest, but 89,000 people do that in a short time. That is what attracted the andntion of some oems thinking we might want to build it. Hat has progressed rapidly amanda how many of those reservations can we realistically expect to turn into sales . Mark we cannot disclose that because we are close enough to this thing in a quiet period about it. More information is forthcoming. We are hoping to do and nikola world on the badger in december and there will be more information. Vonnie there are plenty of momandpop shops in the u. S. Can you make yourself do you want to make yourself attracted to them . How will you do that . Mark in the heavy truck business where we are making semi trucks for longhaul applications powered by fuel cells and versions of those trucks powered by batteries, police are the target customers. That is who we have been talking to. If you look at our reservation base for the fuelcell truck, those were large fleet. We had an arrangement with anheuserbusch where they will be the pilot customer for the fuelcell trucks. They have a large fleet and have ordered 800 trucks. Those are the target customers. We are looking at large fleets as a target customer and that is the people we have been talking to. We will continue to focus on them. Orders fromou have large fleets and can you give us details on how many or what bulk order would be . Mark the orders tend to be large because they are fleets. We have in order that is 5000 from one fleet. Anheuserbusch is 800 which gives you an indication of the size. That is the magnitude of the orders. Amanda can you give us a sense of your confidence in the cash you have on hand . If that will get you, despite losses for now, get you through to production . What is your confidence level . Mark we have got some big name investors and they look very carefully at our plan for where we are going to get the cash and spend it. That is why i think our earnings were positive. We spent less cash than people expected. It shows good discipline and we are going to show that going forward. Billion, 900 1 million plus will be on hand once we finish. That will be enough to get our that will get us through the plan. We told investors we will be back for another trench of fundraising sometime next year. Then we have got a plan for getting us to revenue that is very robust and been vetted by large investors. Youda it does sound like may be close to making an announcement about one or more partners. When you say the oneyear horizon you give investors can we assume that at the end of that year your producing the trucks, the trucks are on the road . Mark we have prototypes that are in testing now. We have prototypes on the track. We hauled a load on public roads for anheuserbusch if you months ago. That is going to continue to increase. We have additional prototypes coming off the line in the next 6 to 8 weeks. We have another batch behind that. Will see more and more vehicles out there as time goes on. We have a steady schedule of additional vehicles coming out. Vonnie a lot has been made of the 37,000 figure. How much do you expect to record an 2020 20 when . 2021 . Mark that is when we start customer sales. We will be delivering the battery electric vehicle in 2021. By the end of next year you will see revenue. We should have good revenue by the end of next year. Vonnie can you give us anything a little bit more than that . Mark it will be substantial. I could not give you a specific number, but it will be material. Amanda i think it is safe to say one of the reasons we have seen disappointment in the share price post your earnings is we are not getting hard news out of you by ways of announcements by partners or timelines. Do you worry your valuation is out of line with the timing . Mark we are very pleased with the reception we got from the Capital Market market once we relisted. Butstock has been volatile, it has settled down a little bit. The market is going to continue to tell us what the range will be. We think, as we continue to hit milestones and we are clear on the Earnings Call going forward, we think that is going to continue to build fundamental value. If we have further announcements, which we will have further announcements, will see the upside. Vonnie you mentioned earlier that people compare you with tesla and im sure it must be frustrating. At the same time you cannot there are fact they ar definite similarities in terms of how i founder ask ounder a cts. What have you learned from elon musk . Mark we learned a lot from them and they have done a lot in pathfinding for all of us in the space and also for mankind. I think we have increasing confidence as a species we are going to get off of fossil fuels because of tesla. They have made zero emissions actually work and given a lot of hope and confidence People Like Us have can make that happen. There is plenty of room for a number of competitors in this space. Getting the world off fossil fuels is going to be a huge effort for us as mankind. There is going to be it will take a lot of us. That is the reason for partners. We are not going to be able to do this alone. Amanda we are going to leave it there. We appreciate your time today. Mark thank you for having me. Amanda that was mark russell of nicola. Coming up, aching of getting the world off fossil fuel, bps latest quarters. We bring you the latest after this. This is bloomberg. Quarter wasd probably one of the most challenging quarters in our history. We had a Strong Quarter and a very strong i think we called it an exceptional quarter in trading. We want to become an integrated energy company. We need to invest into the transition. You have to knit together a lot of Energy Sources and that is where b. P. Comes in. We are in natural gas, solar, wind, we have one of the largest trading organizations. Amanda that was the bpce out bp ceog earlier speaking out earlier. Watchingis fascinating the incumbents. Reassurance they can produce oil but also pivot to a green future . Alix i think what youre talking about is proof of concept and i do not think we know that yet. Rner was asked that on the Conference Call and there is no clear answer what kind of returns we can generate. I think that ties into the broader picture that analysts and investors are going to struggle with. How do you value the company . They are still in oil company and they need the oil because they need the money and cash flow. The majority of investment is going to go back into this green future. That is not going to have the same kind of returns, but longerterm theyre looking for higher returns. It is hard to put the square peg in a round hole and i think that is going to be a struggle going forward. We do not know when we are going to learn it. Vonnie that brings us back to square one. Drillingl is last, are we suddenly in a position of less demand . Alix i find this fascinating because you have one of the Biggest Oil Producers saying they are going to Lower Oil Production by 40 over the mediumterm. If we need that oil, where does it come from . It sets up an interesting divide between the European Oil Companies and u. S. Oil companies. Exxon is going to be right and there will be a huge supply gap. Oil will surge really high, like 80 a barrel, and exxon will deliver. Chevron to some extent or you have the europeans where we are not going to hit that peak demand. Toy are going to be the one win. Some may be able to carve out the middle. Maintain dividend and the breakevens will be lower than bp. That hybrid model could also be in a better spot going forward. Vonnie wonderful interview and thank you. That was alix steel and you can find more for interview throughout the evening on bloomberg and your bloomberg terminal. From amanda in toronto and me in new york, this is bloomberg. You say the customers make their own rules. Lets talk data. Only Xfinity Mobile lets you switch up your wireless data whenever. I accept. 5g, everybody is talking about it. How do i get it . Everyone gets 5g with our new data options at no extra cost. Thats good. Next item, corner offices for everyone. We just have to make more corners in this building. Chad . Your wireless, your rules. Only with Xfinity Mobile. Now thats simple, easy, awesome. Switch to Xfinity Mobile and save up to four hundred dollars a year on your wireless bill. Plus, get two hundred dollars off when you buy an eligible phone. Caroline live from bloomberg headquarters this is Bloomberg Markets the close. I am caroline hyde. Romaine i am romaine bostick. Taylor i am taylor riggs. Caroline promising news on the vaccine front and u. S. Lawmakers are making progress i second stimulus package. It is division of recovered testing. Dr. Fauci telling bloomberg that the u. S. Needs to do better and deliver results within faster time periods. That the trump boasted u. S. Response is the best ever. Midtown goes to town. Our workers ever returning to manhattan . We talk the future of Office Spaces with the ceo of the largest commercial real estate. Romaine let us check in on the markets. We talk