Two economic policymakers appeared to clash over whether to preserve emergency lending programs designed to shore up the economy. Global news, 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in over 120 countries. Im karina mitchell. This is bloomberg. Is 1 00 p. M. In new york. Welcome to bloomberg markets. Here are the top stories we are following. , u. S. Joblessly claims increasing for a second week last week. Incomes downed 0. 7 . The data open to interpretation. We will ask Julia Coronado what she thinks. The economic numbers may not be welcome news to retailers as they enter the important Holiday Shopping season. Later, we speak to mark cohen. And a soccer top of mind with baritone,g of diego we will talk to the ceo of fubotv, which has been booming subscriber growth. Lets take a check of the markets. Lowvolume today, the last session before markets are closed tomorrow and a shortened session friday. The s p 500 improving a l
Airlines. States added into the quarantine list in the tristate area, and that is affecting airlines. Twitter is up 2. 9 . A little bit of a tease early on, a tweet from jsck saying f everyone inthat it america wore a mask, they would add a like button. Lori heinel is with us now. While we looked like we were seeing a selloff, we are now fighting for a take a lower in the markets. Is there anything to upset this market trajectory . Lori there is plenty to be concerned about. Everyone is certainly watching covid cases and whether those continue to accelerate. While we are likely to see optics in cases, and it will be spotty around the globe and in the United States, we think there is less chance that we will have the accounting draconian measures, a complete shutdown. We have to think about covid but also how this will improve as we dont have those complete shutdowns that we had earlier this year. Vonnie would you say to any client that you need to be somewhere, given that they are such
Will not. He made maybe that will happen, maybe it will not. ,s you rightly mentioned francine, today the pandemic is again front and center. It is without question a different thursday than it was a week ago thursday, even two weeks ago. Once again the pandemic worldwide, and in selected states in america, really is front and center. Francine it certainly is, and that will be the main themes running through our program. Thats get to first word news with ritika gupta. Ritika good morning. A second wave of coronavirus cases is in the u. S. Texas reported its highest oneday total since the pandemic emerged, and a month into reported, florida 85 new cases, the most in a sevenday period. Still, surges cannot be linked to reopening. A powerful message from Federal Reserve chairman Jerome Powell, saying the central bank will keep pumping stimulus into the economy until the labor market is healed from the coronavirus pandemic. The fed is not even thinking about raising Interest Rates. Policym
Been. I think the 10 moves weve seen n any direction, 4 on an up day is a little bit of a sigh of relief on this friday. We begin with the highest toll from the coronavirus is in italy. Chinas ntry surpassing numbers. Italian fatalities topping 3,400. Lockdown nationwide continues. Europe at the epicenter of the disease. France reporting a 41 rise in deaths. 28 . , an increase of now, here in the United States to california and the Governor Newsom ordering the entire state to selfisolate at home. Thats 40 million people. Far the move is the most stringent measure in the u. S. To curb the spread of the virus, allowing people to leave their homes, but for groceries and medicine. Otherwise, social interaction is limited. Businesses, by the way, not deemed essential are closed. Negotiators of postbrexit trade talks are now isolation because of the coronavirus after showing symptoms of the virus, the chief negotiator david franz isolating himself earlier on thursday. Mr. Frosts counterpart
Signals that are pointing up wards and onwards for stocks and the backlash against billionaires, Elizabeth Warren launching a fiery ad targeting leon cooperman and other individuals. Cooperman joins us to fire back. The Investment Committee is ready to go. The Halftime Report starts right now. Welcome. Good to have you with us on this thursday our Investment Committee, joe tearerranov terranova. And the brothers and the walmart retailer beat and raise quarter, stock opening alltime high today. Joe youve been making a cas for this one, you own it i do. And under review. All of the news, the good news is priced in i think walmart is trading a little disappointedly today. Still own the stock, im going to see in the next couple of weeks to see if theres something i want to do a tremendous amount of positive news, theyre separating themselves from the gap, the macys, brick and Mortar Retail names, theyre succeeding not only online, grocery has been very strong for them the ability to drive