president macron criticizing erdogan for his insertion a regional power. jinping, president xi opened a meeting to map out the countries next five-year plan. it could push the economy passed the united states within a decade. the latest roadmap will center around technological innovation, economic self-reliance, and a cleaner environment. 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 m mark crumpton. this is bloomberg. vonnie: it is 1:00 p.m. in new york, 5:00 in london, and 1:00 p.m. a.m. in hong kong. i m vonnie quinn. welcome to bloomberg markets. here are the top stories we are following on the bloomberg and from around the world. the s&p 500 heading for its biggest decline in seven weeks. thanks to surging virus cases, the stimulus logjam, and general malaise. virus cases rising in the midwest and the potential for fresh lockdowns already happening in europe is driving inve
kensington and berkeley and the oakland hills with 30s were the temps. there is a north wind at santa rosa but look what is driving into southern california, low snow levels and a lot of rain and the desert. our attention will go to the west and up addis and 60s today. sal tells us the traffic it is getting heavier but still light. as you drive around the bay area, it is stop and go. we will talk about the ultima past with stop and go traffic on the tracy triangle area. as you drive in little more, it is good to 238 zero. interstate 880 looks good. the commode are doing well on the road early. here at the toll plaza, a little bit of slowing in the outside lanes. in just about 90 minutes, teachers plan to go on strike after a year and a half on a successful contract negotiations. union leaders expect 3000 teachers as well as parents and students and community members to be on the picket lines. that will start at 6:30 this morning. there will be a rally at oakland city h
theresa may has been meeting the president of the european commission, jean claude juncker, in brussels to try to secure changes to the brexit withdrawal agreement both sides described the talks as robust but constructive. mrjuncker again insisted there could be no re opening of the agreement, but both leaders have agreed to meet again before the end of the month. theresa may has to get changes to the agreement to have any hope of securing the support of mps, after her original deal was rejected by the commons. the labour leader jeremy corbyn has set out five demands for his party to support a brexit deal, including a permanent customs union and close alignment with the single market. let s go to brussels now and ros atkins is there for us. well, what has been happening here in brussels very much depends on which way you want to see it, because on one level the mood music has been more positive, particularly more positive than some of the comments from donald tusk yesterday
the tech rally still has room to run. thank you. see how that works. intel s chief financial officer bob wan is back with us, talk about the chip anchors better than the expected earnings and concerns at rival amd could be taking a bite out of its business. they had to defend themselves on the intel conference call. some of the analysts asking about that tremendous competition from amd these days. yeah. we ll ask him about that so let s begin with amazon still weighing on the tech sector. bertha coombs has more. reporter: following that earnings misamazon seeing its worst day since early june selling off on pretty strong volume and that s providing the biggest point drag on the nasdaq 100 but amazon is coming off an all-time high just yesterday and shares are still up fractionally for the week and in fact up 6% with one more trading day left here in the month of july. the impact on big-cap tech is somewhat muted the major tech indices are down fractionally and treat
into the market. and there he was. the man known as the god father says the market is setting the stage for a vigorous rally. ralph acampora will explain why. goldman sachs has been the big winner since the election. the bank s ties to what is being described as one of the largest financial flaws in history could be a red flag for investors. we have details on the important story coming up. and a survey says economists are skeptical of president-elect trump s growth plan. billionaire carl icahn appeared on halftime report earlier today. hope you saw that great interview. he is concerned that the money going into the market right now is coming from people who just don t study the market. there is a lack of stock for sale. yet on the buy side from what i consider a lot of investors that really don t study the market. they are giving it to people, giving it to a buyer of etf. they tell you the goal is to buy through a black box. there is nobody deciding is this a good