29yearolds say they will definitely vote this year. 47 said the same in 2016. The polls show young voters will likely back joe biden over to 25ent trump, 63 percent. It is becoming a familiar story for louisiana. Much of the state is under a hurricane warning. Zeta is heading toward the uf goals u. S. Gold coast. Gulf coast. If it makes landfall in louisiana, it would be the fifth named storm this year. Bloomberg, powered by more than 2700 journalists and analysts in more than 120 countries. Im Mark Crumpton. This is bloomberg. Vonnie it is 1 00 p. M. In new york, 5 00 p. M. In london, and 1 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. William spriggs, the aflcio chief economist on how the groups 12. 5 million members are coping in the absence of more fiscal stimulus. Big news in the semiconductor business. Competitor for 35 billion in an all stock deal. With theive interview
Another day of dragged on stimulus talks, john. Intel not a small factor in the trade. When i think of volatile tech stocks, i tend not to think about intel. Look that two year chart ups and downs. Its like an obstacle course, a tough mudder or something. Last quarter, it was about the supply side and intels manufacturing. This quarter the surprise was more around demand and the extent to which enterprise and government just isnt buying in the data center. Cloud picking up the slack that has an impact on margins. Of course, we have the pc stuff going on which is largely a tail wind they havent for a long time but theyre not buying them in the enterprise as we would expect people are not in the workplace. People are adjusting the way they work. That does have an impact on intel. A lot of balls in the air here this volatility predated, bob swan particularly on that manufacturing side but now hes got all of these other things to deal with as well investors looking for clarity around what
Long time venture capitalist bill gurley joins us to talk about the path forward for Tech Startups and a new normal. Committee by a tommy autonomy, we will hear from an exclusive interview coming up. Are hearingtocks losses today as a fresh round of stimulus has been affecting the stocks. Lets bring in abigail doolittle. This has also touched the Biden Campaign and senator Kamala Harris and a couple of her aides. How does this impact today . Abigail there were so much movement. On the open, you had all of the major averages down. This has to do with the resurgence of the virus in europe. I would argue that that was the main bearish factor for the day. As trading went on, the cooler heads prevail. The s p 500 is a little bit down. There is a greater than 1 loss. That index is more domestically oriented, so that would support the idea that there were fears around the european virus cases. The bloomberg commodity index, a big piece of that copper, a big piece of the economy. Some investor
In a couple more warm days to come as well. Nice clear skies above San Francisco really no fog and very minimal marine layer this morning that does result in dry conditions across the bay, another warm one and of course winds spreading across the region now red flag warnings for coastal spots in the peninsula up into the Santa Cruz Mountains all of the inland east bay and then those same areas of the north bay that we had been seeing them, upper elevations exposed to our highest wind gusts as much as 40 Miles Per Hour. Well gusts, mostly in a 10 to 20 Miles Per Hour range, relatively calm for parts of the bay this morning but look at where we are heading this afternoon wind speeds really start to increase areas like San Francisco oakland and hayward seeing gusts well into a 20 mile per hour range at times same for inland spots in those upper elevations as i mentioned prone to even higher gusts. Tomorrow thursday here on the map we are going to be seeing Even Stronger gusts likely conti
Clock to show you how much time is remaining. All members and witnesses need to be especially mindful of the fiveminute clock. At 30 seconds remaining ill , gently tap the gavel to remind members their time has expired. To simplify the speaking order process, the commission has decided to order ourselves alphabetically. With that, welcome to this virtual hearing convened by the congressional oversight commission, pursuant to section 4020 of title 4, subtitle of the cares act, the Commission Must conduct oversight of the 500 billion authorized for the Exchange Stabilization fund. As part of our oversight work, the commission has decided to hold this hearing today which will examine the main Street Lending facilities. The Federal Reserve established the main Street Programs to support lending to small and mediumsized businesses, and nonprofit organizations that were sound before the covid pandemic. The program operates through five facilities which we will learn more about this morning.