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
Clean as you look from the east bay hills camera. Check out what it does this afternoon. If you liked yesterday afternoon, i think youll like this one more. As 70 in San Francisco to 74 in san jose and santa rosa. 71 in napa and concord. And also in oakland. The cool spot, Half Moon Bay at 66. We have healthy rain on the way. It comes as quickly as tomorrow in the accuweather 7day forecast. Heres reggie. Thanks. We have some good news about a vaccine development. This is moderna revealing that its vaccine is nearly 95 effective. What is the health and Human Services secretary saying about this. He says this is something to celebrate. With todays announcement moderna says theyre on track to ask for fda authorization in the coming weeks. Besides being so effective, the Moderna Vaccine has another big positive. It can be stored at normal refrigeration temperatures making it easier to store and transport than pfizers vaccine. This morning on gma, health and Human Services secretary alex az
Plans now for those american troops in afghanistan and iraq. Transition turmoil. President elect joe biden says President Trumps refusal to allow the transition to begin could cost lives. More people may die if we dont coordinate. As georgias top election official says hes receiving death threats. Was he pressured by one of the president s top allies to toss i mean, its a truck. Its not about inches. Out legally cast ballots . Whos thinking about the garage when youre shopping for a truck . Breaking overnight. Deadly hurricane iota making landfall. Carmax is. Well let you bring it back for a full refund slamming into hard hit central within the first seven days. America with winds up to 155 the way it should be. Carmax. Miles per hour. The major category 4 storm bringing lifethreatening storm surge. Were tracking the latest this morning. Urgent search. A 15yearold girl disappearing from her home in the middle of the night. Its like she vanished into thin air. But with walmarts low pric
Of a tough winter ahead for the u. K. Lets check the markets. Weve got bonds on offer, equities crashing a bit catching a bit. The s p up by 1. 33 . Lookuro is catching a bit, at what is happening with brent. Bumpy all across the products. Trading,where we are on the upside. Alix, i got the time right eventually. Alix good thing you caught it. Cases on the rise over in europe. You wound up having a paris looking at restrictions on bars. It all depends on government. Boris johnson expect a very tough winter ahead. The chancellor did warn the country. Have a sacred responsibility to future we need the public finances strong. Through careful management of our economy, this conservative government will always balance the books. Ive never pretended there is an easy cost free answer. Hard choices are everywhere. Alix joining us now from copenhagen, is the saxo bank cio. A democratic sweep, a blue wave. You want to buy value, so you will rotate out of the u. S. And by europe and buy europe. D
Screen is driven by not the feds comments, a little boring with the zoom box or retail sales that we got or housing numbers. But what is happening at the mornings Research Meetings all over the country today where the down gained 37 points and the s p dipped and the nasdaq lost 1. 25 . More on that later today seemed like it was dominated by the fed in the amazing snow flake ipo and as someone that helped bring the microsoft ipo to goldman sachs, i know a big deal when i see one. More on the demons the deal unleashed. We had a nice rally going today and thats about what is going on behind the scenes every morning they have a meeting where they pitch the sales force on individual stocks and entire industries as buys or holds or very rarely sells after the pandemic got rolling, almost every piece of research that came out cut numbers. For individual companies and suggested the situation would get worse. The conclusion ive never seen so many sell eric men dae eric men dae er recommendatio