For an earnings season that is beginning to unfold. Later, the rush is on as Apple Unveils its new 5g enabled iphone are the stars now aligned for a super cycle that wall street has been waiting for for apple power lunch starts right now stimulus negotiations hitting a wall once again as the two sides are stuck on whether to do one big bill or several smaller ones elon has the latest for us there will be no relief before the election. We knew this in our guts, we knew it by looking at the calendar and today treasury secretary Steven Mnuchin acknowledged it publicly during a speech for the milken institute. Getting something done before the election and executing on that would be difficult just given where we are in the level of details were going to try to continue to work through these issues reporter now, this is dispute the fact that the senate will still go through the exercise of voting on a 500 billion package of targeted relief next week thats much less than what democrats are a
Temperatures. More than 8400 wildfires have scorched more than 6000 square miles in california since the start of the year but mostly since august. 31 people have died. The judge investigating a massive blast in beirut in august has received a report from the fbi about its own probe of the explosion. Lebanese media says the judges also waiting for similar reports from french and british explosive experts. Nearly 3000 tons of Ammonium Nitrate exploded at the port my killing nearly 200 people and injuring more than 6000, and causing billions in damage. Global news 24 hours a day, onair, and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. Im Mark Crumpton. This is bloomberg. Vonnie it is 1 00 p. M. In new york, 6 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 from around the world we are following. Day two of questioning for Supreme Court nominee Amy Coney Barrett
Announce the launch of its 5g. Power lunch starts right now tyler, thanks lets look at shares of apple. Remember, they were up 6 yesterday. They were down about 1 as the iphone event began last hour they are now down 3. 5 so you really took a turn lower in the last few minutes there. Josh lipton is standing by as the event continues. Josh the event did begin here. Four new models so far introduced so apple is saying the latest and greatest technology, billing it as the smallest, thinnest, lightest 5g phone in the world, thats at starts at 699 and then the next model will start at 799. Then there are those that want the most Cutting Edge Technology for them apple offers the iphon 12 probe and iphone probe max. Theyre powered by 814 bionic chip that should mean a real boost in performance. New camera system in these phones thats very important to consumers. New Wireless Charging system as well it not just iphones either they also did announce a smaller, less expensive version of their ho
Still prefer Online Shopping in the time of covid. Aus, facebook, historically staunch free speech supporter, they have cracked down on holocaust deniers and and have asked ads. Is it part of a trend . Recent gains have outpaced prospects for a quick end to the stalemate over fresh economic stimulus. Lets bring in abigail doolittle, following all the back and forth. Not good news for future stimulus. Also, bad news about some of the vaccine trials. Abigail there was a lot of back and forth. A topsyturvy day for stocks. Especially the nasdaq 100, down half a percent, up half a percent. To break a fourday winning streak, for the nasdaq, that was true for the s and p alsos s p 500 that index also. Disappointment that we dont have news on stimulus. Pfizer not continuing right now. A temporary pause for their covid19 vaccine study, as somebody fell unexpectedly sick. The story we have seen all year on a microlevel, uncertainty causing some really choppy trading. Wass p 500, the decline more
It is hip to be square used to be at least. Lets check out u. S. Equity futures. Things are relatively flat and that isa good thing. A bit of a difference after the big swings weve seen. Right now dow futures up about 3, s p 500 up about 2, nasdaq up by 13. Of course this is after a done day for the m down day for the markets yesterday. Treasury yields are something to start paying attention to because we did see a pickup in treasury yields to the highest levels weve seen since june the ten year is yielding 0. 813 . And i know it doesnt seem like a lot, but it is the highest level weve seen in a while and there is so much that rides on that including mortgage pricing which has been a key part of what has been happening in the housing sector, a strong point in the economy so far. Lets get over to washington. Well talk about id call it a soap opera, but really it is a reality show and means a lot to so many millions before nancy pelosi says she is now optimistic that democrats may be abl