Republicans want pennsylvanias mailin voting process declared illegal. One of the president s most loyal supporters says it is time for mr. Trump to move on. Stephen schwarzman says the outcome of the election is certain today, and he is ready to help president elect biden. Global news 24 hours a day, onair, and on bloomberg quicktake, 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 2 00 a. M. In hong kong. Im vonnie quinn. Welcome to bloomberg markets. Here are the top stories we are following on the bloomberg and from around the world. Astrazeneca and the university of oxford the latest to deliver positive vaccine developments. Shares are lower today as analyst question some of the findings, although there is an outperform on the stock. We will speak with Matthew Harrison about the study and environment. We are talking health care with larry robbins. His outlo
Dom chu, the markets in particular you can see here 3385 is where were at on the s p. Were a stones throw, kind of spitting distance from there 3393 is the intraday record high, so those two levels to watch. The dow underperforming with the nasdaq returning to that leadership position almost a full percent today record levels of home Builder Sentiment to the upside. A far cry from where we were four months ago with regard to homeBuilder Sentiment. If youre looking for a marketplace for better days ahead, check out whats happening over the near term with etfs. They both track Home Construction and stocks. Look at the massive surge weve seen from those particular etfs just since the covid lows in march. Remember, a big deal responsible for a lot of jobs in the economy as well. Well watch that trade the stock of the day so far is nvidia they are up about 7 today driven in part by analysts in succesquehanna who have put it high, already up again 210 in just the last year nvidia raising tha
We do know this is an unprecedented amount of money. Congress has never passed a rescue package like this before before, 1. 5 trillion on top of about 200 billion that was in the legislation that passed only a couple of weeks ago on top of the 8. 3 billion that was in the first one. This this is phase three. And then, finally, number three, this legislation does provide the help to the Health Care System, quickly, the Public Health care system to be able to provide the protective gear thats needed for Health Care Workers, the additional ventilators needed in our hospitals. The antiviral medication that can help when someone tests positive to know theres going to be a way to minimize to reduce the effects of this virus, the infection. And really significantly to not only lab corps said they can do 300,000 tests a week. We need to use the cotton swab to get them the swabs. There needs to be a process to get them. Now were starting to come online, this funding legislation will help them t
How he see businesses moving forward. What are you expecting on impact on growth and do you think theres going to be a different standard on jpmorgan than other banks . Youre not. A come of things there. When we get done after that, i dont know, i do think theres a little bit of decoupling between chinas Economic System and ours, china will continue to grow, i think they want jpmorgan to be there to set transparency and rules and if chinese, if they want to eliminate corruption, they need very good Financial Markets and therefore they can come in and set the standards, it should mean something when jpmorgan said we did Due Diligence, doesnt mean that we are always right but should mean something. Maria big deal for jamie dimon and jpmorgan, they just received their license, a bank 100 in china, spending 11 billion on Technology Every year, how is he going to protect that technology s he going to go to china and they will change things as how they will do things differently. Dagen part
Thank you. Were proud of our partnership with the First Amendment institute at columbia. Both of us started in the Knight Foundation and now have other supporters, as well. I want to pick up with the notion of the marketplace of ideas. I think that is what a lot of people think the internet was going to be, some people of believe it really is. Kara do you believe socialmedia is performing effectively as the market place of ideas . Kara no, i dont, all i read about is how it doesnt. It is a cesspool. Sanford i sort of knew what your answer would he. Kara it is not completely a cesspool, it is just the way it has evolved has created dust she brought up the idea of the Public Square present everybody thinks that twitter is a Public Square, or facebook is a Public Square, or reddit, or any of these sites. The fact of the matter is that both of them are Public Squares owned and to the benefit of millionaires. So it is not a Public Squares. We have deemed them the rights of a Public Square b