Month of september, strong Consumer Sentiment numbers to go along with them. And later, gilead pushing back after the World Health Organization says the drug remdesivir does not prevent death in coronavirus patients. Weve got the latest details as power lunch starts right now thank you, ty. The markets are marching back after a few down days. Dom chu has more on whats moving decent sized gains but off the high of the session. We are up 243 points with the dow at the highs of the session, up roughly 348 points. You can see there, yes, still strong gains but not nearly where we were earlier in the day. The s p has reclaimed that 3,500 mark, the nasdaq only up about one third of 1 . The leadership in terms of the s p 500 has been in one week industrials and technology, both up nearly about 1. 5 meanwhile, the biggest laggard off nearly 2 is the real estate sector some of the stocks to watch with regard to covid vaccines and everything else, pfizer shares, possible vaccine for emergency us
Heated ever, and the last 10 weeks is basically stealing that ground is the most heated rally we have had in quite some time. Caroline brian jacobson, lets get back to him. Wells fargo Asset Management strategist. Are you committed to equities now . What about other assets . Taylor focused on the weakening dollar. Where else are opportunities . U. S. Treasury yields are still through the floor even though we saw a bit of a selloff today. Brian yes, even though we have seen it come up a little bit, the twoyear, at 75 basis points, or 0. 75 on a 10 year treasury, we do like the highyield area. But you need to discriminate within that between the energy names and the nonenergy names. Indexerg has a fantastic on highyield excluding energy, and it is fascinating how that from losses, but not completely. It is mainly the energy names that have been down. But that might be showing signs of coming back to life. We do like highyield. Italy, we have been seeing a bit of a rotation with some euro
Up, this is not the time for excuses. He continued, this is the time to pull out all stops. Elizabeth warren has dropped president ial race. She spoke to reporters a short time ago. I will not be running for president in 2020. Lets take a deep breath and spend some time on that. We dont have to decide. Mark senator warren never placed higher than third in any primary contest. Contests inning any the super tuesday primary, she had virtually no path to winning the nomination. A setback today for angela netanyahu. The final results from the election have confirmed he has again fallen short of a parliamentary majority with his allies. The results signal further political deadlock. Mondays election was the countrys third in less than a year. Previous elections also ended in deadlock. 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. Live from bloomberg World Headqua
Space, berkshire results and the letter tonight and tomorrow. Europe is pretty mixed in the tenyear below 289 begins with stock futurer pointing to a better open. Investors continue to digest the potential impact of higher inflations and rates on equities, three weeks since the selloff began. General mills bets on pets. The cereal maker agreeing to buy natural pelt food company blue for a billion dollars. And on the heels of historic tax reform, turbotax maker intuit delivering but weaker than expected guidance ceo joins us exclusively later this hour. Stocks are poised to open higher, three major indices on pace for third negative week in four First Time Since november of 2006 the nas ended in the red. S p and the dow about 6 below alltime high. After another session which couldnt hold the interday highs. It has happened four days in a row. I think theres scepticism of investors being willing to wade back the flow of shows as of the weekending february 21st still major outflows of dom
New iphones go on sale as the stock feels pressured this morning. Plus, geopolitics over the market, north korea leader is say hell test a Hydrogen Bomb over the pacific. First up, though, stocks are looking to regain momentum after the dow snapped a nineday winning streak and hit an interday high early in thursdays market. War of words between the president and kim jongun. We had the sanctions yesterday of the u. S. And china and now a threat over the pacific. The escalation is notable this week, michelle. Journalists know that the statement of kim jongun came from him directly. Usually north korean media, et cetera an escalation certainly but still not that much response i mean, considering what donald trump, the president said on the floor of the u. N. General assembly on tuesday, not a huge reaction yet over the concerns markets are putting it in that file that says, its been going on for decades maybe an incremental escalation and theres no clear path to handicapping where this go