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Reaches a milestone. Good morning, everyone, and welcome to bloomberg surveillance. Im Francine Lacqua in london. We have breaking news the last 20 minutes. China says that the u. S. Has abruptly closed its consulate in houston. That is having an impact on the market. Lets get the markets. Risk sentiment looks a lot shakier after china says the u. S. Abruptly ordered the closure of its consulate. Most european indices have extended declines to session lows. S p futures accelerating their dissent. I did want to show you gold and silver. Lets get straight to the bloomberg first word news. Ispresident donald trump restarting virus briefings. There was a shift in tone with the president urging americans to wear masks and avoid risky behavior. The death toll for the virus in the u. S. Has topped 140,000. Cases are still growing, especially in southern and western states. President trump it will probably, unfortunately, get worse befor ....
Apple. Josh lipton has the latest reporter apple says the stock split is to make the stock more accessible to a broad base of investors iphone revenue is blowing past expectations 26. 4 billion. I did have the chance to catch up with apples ceo tim cook we talked about those iphone demand trends and the mix in the quarter. Cook telling me iphone 11 is the most popular iphone and we had a great launch, he says, on iphone se during the quarter. It was also very strong, an uptick in switchers, meaning android switchers, that we were happy to see and the iphone se is clearly helping with that i asked cook about those broader work from home trends, how is that benefiting apples products and services during the quarter. Cook says it definitely is, it definitely has boosted, cook saying, mac and ipad, we see those picking up for productivity weve son several school buys of ipads. We have the strongest lineup in both mac and ipads than weve ever had, a combination of those coming together at t ....
Countries, targeting the development of treatments and vaccines. You heard it here first, back in april, when senator tom cotton joined me on sunday morning futures. You believe that they are stealing intellectual property right now as we speak. I have little doubt that the Chinese Intelligence Services are actively trying to steal americas intellectual property as it relates to the virus that they unleashed on the world. Maria and now we have the of usual word. Breaking the official word. The u. S. Ordered china to close the consolate in houston as reports come in of documents being burned on the site. We have the late echt. Markets looking at a lower opening for the broader averages, futures indicating a decline at the start of trading, 88 points lower on the dow, nasdaq lower 17, s p 500 lower by 10 and a three quarters. The dow and s p 500 continued a winning streak yesterday. The nasdaq took a breather. The nas ....
Enough clarity on the economy to justify restarting payouts yet. That decision is not yet final. Global news 24 hours a day on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. I am Mark Crumpton. This is bloomberg. It is 1 00 in new york and 1 00 a. M. In hong kong. Welcome to bloomberg markets. I will be speaking with bill ackman. We will discuss the debut of his new Blank Check Company which raised 4 billion in its initial offering. He will weigh in on what kinds of companies he wants to target with the money and other investments. First, lets look at the markets. We are higher. The nasdaq has erased all of its gains. 25 . P 500 is up mark forck at the 70 the you in the. With heating up today expulsion of the envoy from china. I want to point to the fact that we will be talking about in a moment and that is the ....