The fed laid out plans to buy up individual Corporate Bonds this as the emergence of new coronavirus hot spots around the country add to fears of a second wave so why, guy adami, are markets seemingly so immune to these concerns is that actually a good sign for this rally no, its not. But before i have to i would be remiss, melissa, if i didnt wish the b. K. , the bitcoin baller a happy belated birthday. His birthday was yesterday do you know whose birthday is tomorrow i wont keep you in suspense adam smith would have been 297 years old tomorrow why do i mention him i had to read that book the wealth of nations in college. You probably read it as well he was the father of free market capitalism well, what you saw today was the exact antithesis of that and im going to get added by everybody. To think this market is at all free market is a fools folly. The fact that we rallied into this announcement by the fed, which we all saw coming or they announced it prior shouldnt really surprise a
Again today. Right now it is a positive day for the dow. Up 400, following the biggest decline for stocks since the great crash of 1987. The russell has gone negative. Josh brown, its been one heck of a week. What are you thinking about today after weve given, you know we gave up almost all of the 1,000 point bump were still hanging on to a few hundred. So couple things. One of the points ive been trying to make on the show recently is that security selection is not going to be the answer to how much pain you are going take in a moment like this and that was proven this week. The xlu, which is the utility sector, which normally in any Market Correction is not going to be disastrous, was absolutely disastrous im not even giving you the draw down from the peek im just going tell you this week the xlu is down 19 there really has been nothing save and yesterday of course, historic day at 3 30 there was ant single green s p 500 stock. Security and selection has not mattered i come back to o
Housing affairs will come to order. Thanks to the new deal and the hard work of our regulators today, most Bank Failures of course never a good thing or generally not a big deal but the quick collapses of Silicon Valley bank and Signature Bank were no ordinary failures. In less than a day, Silicon Valley Bank Customers pulled 42 billion dollars out of the bank fueled by Venture Capitalists and their social media accounts. They created the largest and fastest bank run in history in the following days Signature Bank lost 17 billion dollars. Regulators both republicans and democrats came to gather to prevent the panic from spreading. They increase liquidity, they promoted confidence in our Banking System, they protected deposits of customers and Small Businesses not notably the investors the investments of executives and shareholders. I spent that weekend on the phone with ohio Small Businesses and banks and credit unions. While Small Business owners simply wanted to make payroll. They di
Interview at 10 00 p. M. Eastern. Global news 24 hours a day powered by more than 2600 journalists and analysts in over 120 countries. I am alisa parenti. This is bloomberg. Bloomberg technology is next. Emily i am emily chang. This is Bloomberg Technology, live from new york. Coming up, google searches its search and shop playbook hours before the eu deadline. The tech giant faces an ultimatum to level the Playing Field for arrivals or risk fines with 5 of revenue every day. We will discuss the big decision. A massive data breach at a koufax forces and exit at the top of this week. Ceo Richard Smith is stepping down and is not walking away emptyhanded. Facebook scores and nfl touchdown, but is it playing catchup with other big tech league . N the what it means for the social media giants content strategy, coming up. Google has taken a step to comply with eu orders by the end of the week. It will create a standalone unit for its Shopping Service and rivals atids against the top of the
Island. President trump says it is the earliest he can visit without disrupting recovery operations. Hillary clinton says there is more than meets the eye regarding the relationship between president s trump and Vladimir Putin. Ms. Clinton i believe he has something on donald trump, or trump thinks that putin helped him so much that he is not going to turn on putin. Either is horrifying. Alisa you can watch the charlie rose interview at 10 00 p. M. Eastern. Global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. I am alisa parenti. This is bloomberg. Bloomberg technology is next. Emily i am emily chang. This is Bloomberg Technology, live from new york. Coming up, google searches its search and shop playbook with less than 24 hours before the e. U. Deadline. The tech giant faces an ultimatum to level the Playing Field for rivals or risk fines with 5 of revenue every day. We will discuss the big decision. Plus, the massive data breach at