The market while classic reopening plays like cruise lines, airlines, they are moving low. Net net we are flat as we stand on the s p 500 sara. Ahead on todays show, investing legend Jeremy Grantham, stunning rally we might be realizing emergence of a bubble. Plus well speak exclusively with Marilyn Booker, former head of Morgan Stanley suing the firm for race and gender discrimination lets focus on the stories were watching mike santoli with a look at broad market action. Steve liesman highlights from fed chair jay powell and covering coronavirus resurgence in beijing mike,ic can us off with a look at the session flat on the average butthat doesnt tell the story. The average holding the gains in the last three days, wavering around the flat line a lot but mostly due to the trillion dollar trio, amazon, apple, microsoft all outperforming. This is an oldfashioned early february day where the big megacap Growth Stocks holding index together as average stock slips a little bit this is the
Good monday morning, everyone. Thank you for joining us. The United States has the third highest number of coronavirus cases in the world trailing only china and italy. The death toll in the u. S. Now tops 400 people and thats forcing more drastic measures. At least 11 states have now agreed to shut down all nonessential business. President trump has authorized the National Guard to respond in three states with the most cases and he says large shipments of medical supplies and respirators will arrive in the coming days. On capitol hill, growing frustration overnight after the senate failed to pass a 2 trillion economic stimulus package. Talks resumed this morning but wall street is not happy. The markets fell sharply overnight. Meanwhile scientists are now studying at least 69 drugs in the search for a possible treatment for the virus. Abcs in epte ornhtreside trump announcing the National Guard will be deployed to the three states hit the hardest by the coronavirus outbreak, new york,
There is no need for a rate move next year either. There are still risks, but they have lessened. The worlds biggest ipo opens with a bang. Is or isnt saudi around court worth they need to cut costs. The eu unveils a plan to go green that has some businesses seeing red. You can see already there is pushback for a number of industries. It is all straight ahead on bloombergs best. Hello and welcome. I am Rosalind Chin and this is bloombergs best. The most important Business News and analysis from Bloomberg Television around the world. It starts with a day by day look at the top headlines. Another week began without a trade deal between the u. S. And china. Fresh data released show the trade balance shifting between the two superpowers. Chinas exports fell last month as Global Demand continues remainsand a trade deal tantalizingly out of reach. What are the Key Takeaways from what has happened with the trade data when it comes to the trade deal . It is a reminder of how punishing these ta
We start with black friday. The annual shopping binge after the thanksgiving holiday is now a global phenomenon, with retailers around the world offering discounts on everything from Kitchen Appliances to tvs to clothing. But its also becoming the focus of concerns about the environmental cost of consumerism. Spending in the us, the home of black friday, is forecast to hit more than 29 billion over the next four days. Theres an added incentive this year us retailers want to do as much business as possible ahead of a new 15 import tax due to hit chinese made goods later this month. It would affect 160 billion worth of goods, including popular gifts like smartphones, toys and clothes. Dont expect the frantic scenes in the shops of black fridays past though its increasingly being done online. Thats where more than three quarters of us are looking for bargains here in the uk, according to pwc, and the trend is the same around europe and the us. But are more of us growing uncomfortable with
Decides to fight back against a us decision to impose more restrictions on it and. Telling porkies with your meat we speak to the Company Making pork out of peas which says the fake meat trend is here to stay and its at the top of every parents in tray just how do you keep your kids safe online . Well speak to a man who thinks artficial intelligence is the answer. Today we want to know what you do to limit your childrens smartphone use . A new study shows one in four kids are addicted to their phones. Let us know just use the hashtag bbcworklife. Hello and welcome to worklife. We start with black friday the annual shopping binge after the thanksgiving holiday is now a global phenomenon. Retailers around the world are offering discounts on everything from Kitchen Appliances to tvs to clothing. But its also becoming the focus of concerns about the environmental cost of consumerism. Spending in the us the home of black friday and the worlds biggest economy is forecast to hit more than 29