Level. Toestors downright giddy get clarity on a biden transition and a wave of news on the covid vaccine. There is ambiguity about the unequal economy. Rise, Consumer Sentiment falls. Sentiment points pretty positively, though. Joe yeah, i mean, ok, we didnt hit record highs on the s p 500, so the fed has to cut rates. But the big picture is, yes, clearly this is a market with a lot of exuberance. Small caps, this is a part of the market that really lagged for several months even after the recovery began in the spring. They have been on a tear lately. Searching past the old record. So many names even on a day like today. Pause for the speculative euphoria. Caroline you look at the industries that have been so beaten up. Energy suddenly in the last five days absolutely killing it, no other way to describe it. It has fallen hard and fast. When it moves higher like this, it is not the almighty pull like big check, but energy financially catching some sort of break. Isgoes to show this ro
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
Open, but the dow currently having its best monthly gain since january of 1987. That ev revolution, it is rolling on in the stock market tesla tops half a trillion dollars in market value for the first time shares of nikola sinking this morning. Covid surge, cases and hospitalizations at record levels why experts fear thanksgiving could be a socalled accelerator event. Lets get your take on where you think sentiment is now i saw you writing yesterday about the fear and greed, pointing more to the greed. People are there is a belief phase in this rally that has probably started this comeback from march, eight months ago, ishas fed on disbelief. Between the seasonal forces being strong and the clearance toward this post covid moment with the vaccines, it all did come together. Also, though, with the grab for cyclicals, laggards, anything that moves fast, anything that seems like it was really dented up by this whole phase, now, sentiment, it is not a moment in time people say, all too bu
Holidays, keeping schools and restaurants closed. Stayathome orders will remain in effect with government outside only allowed with government permission. They have had 3000 deaths, most in the past month. Political president alliance is a sweeping victory. The races were boycotted by opposition politicians and criticized his be fraudulent. Has beennal assembly led by the man trying to oust the president for years. He is backed by washington and others who consider the presidency illegitimate. Global news 24 hours a day on air and on quicktake by bloomberg. Powered by more then 2700 journalists and analysts in over 120 countries. I am Mark Crumpton. This is bloomberg. It is 1 00 in p. M. And 2 00 a. M. In hong kong. I am vonnie quinn. U. S. Hospitals facing breaking points. The realities of running out of room to treat patients may be approaching. We talked to Northwell Health ceo michael dowling. Frexit on the brink. Talks over a tree deal with the European Union in breach. Negotiatio
National intelligence John Ratcliffe as we are learning the country is doing human testing to genetically enhance military. Focus on stimulus this morning, Speaker Nancy Pelosi says it will be done by christmas, we will hear from former nyc barrasso and Mick Mulvaney. Marks are lower. We will start the week in the red, dow industrials down 145 points, nasdaq lower by 15 and s p 500 weaker by 16 and 3 quarters. All three major indices up out of the last 5 weeks, last week we are up 1 on the dow and 2 on the nasdaq. Mornings with maria right now. Maria european markets look like this, dax index in germany lower by 63. In asia overnight, markets finish mostly shower. We had Economic Data, that is the fastest pace of exports since february 2018. The growth also helping to generate a 75. 4 surplus. The data, of course, coming from the Chinese Communist party and this has been the big fight between china and the u. S. , the fact that we are buying more products than china is buying from the