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Kind of takes the relief trade, if you will, out of the treasury market. Have a vaccine but have to deal with the rising case counts. Its difficult for Bond Investors to show no caution to the wind. Think about what actually has the chance to survive. Jeff rosenberg is joining us right now. What a week it has been in the market, tested in several fronts. Lets talk about credit first. We have the fed and the treasury having a little bit of a spat over the emergency programs introduced this year. I have to say this market has responded quite well to it. What was your take . The the most important of support measures are not affected, these were not used very much. They were most effective on announcement date, not much uptake. The market is seeing through that, and its a little bit less of a significant Market Reaction because it is less of a significant issue, if those suppor ....
The hardest hit nation is iran. Nearly 22 thousand people there have died from covid19. Spacex has placed 64 more satellites into orbit. A rocket took them into orbit from florida. It is the 12th the batch of satellites for the companys broadband network. Rocketalso recovered the booster with a controlled landing at sea. 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 in new york 6 00 p. M. In london, and 1 00 , a. M. In hong kong. Im vonnie quinn. Welcome to Bloomberg Markets. In just a few moments, and inclusive interview with bill ackman of Pershing Square, an update on the spac and the market turmoil. Lets get to the markets. The vix today is above 30, the worst day for ....
In spain, new infections slowed slightly but officials are worried about a second wave of covid19, now that the country has emerged from a strict lockdown. In portland, oregon, another night of violent protests. Targeted a u. S. Immigration and Customs Enforcement building, spray painting the building, breaking windows, and shining laser lights on agents. Authorities declared it a ride and used tear gas to break up the crowd. Violence is ripped the city for three months since george floyd died in Police Custody in minneapolis. 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 bl ....
The nasdaq was lower but it is catching up. And the dowup. 9 up by about as much. The dollar index is stronger. Still below 93. Two of the better performing stocks, brownforman which is the topperforming stock primarily thanks to a surge in spirits and of course, the Michael Jordan news. Rally,g with the equity citigroups Tobias Levkovich recently raising his target on the s p 500 to 3300. He joins us now by phone. Thank you for joining. We are a little bit higher than that right now. There is going to be a leg lower to this market. It is still going to hold up somewhat into the end of the year. We are not going to see a crash according to you. Tobias the best way to put this is the fed is going to prevent it in many respects in terms of policy initiatives where there is this fascinating feedback loop phenomenon where stock prices go down, he will start getting very worried ....