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In spain, new infections slowed slightly but officials are worried about a second wave of covid19, now that the country has emerged from a strict lockdown. In portland, oregon, another night of violent protests. Targeted a u. S. Immigration and Customs Enforcement building, spray painting the building, breaking windows, and shining laser lights on agents. Authorities declared it a ride and used tear gas to break up the crowd. Violence is ripped the city for three months since george floyd died in Police Custody in minneapolis. 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 bl ....
, guy . S going on Europe Vincent we are seeing stocks guy we are seeing stocks turning around. Makes you wonder how bad they whisper number must have been for everybody to react positively to a 3. 2 number. Stoxx 600 in positive territory. Travel stocks leading the move. The big move in many ways has come from the ecb, announcing , theetails of its pepp pandemic emergency purchase program, which is it is using to buy bonds. It is basically tearing up all of the old rules that use to apply to ecb emergency purchases. As a result, we are seeing a big move on the italian 10 year, and massive move on the spanish tenure. Downw the bank of england today, and some really interesting comments out of the bank of england. Brent crude a little softer today, 27. 13. What a week it has been for stocks. There does seem to be much more positive sentiment towards the equity market. The question is how long can it last. Guy exactly. Vonnie exactl ....
Time, unless its their stocks were talking about. Theyre interacting in ways i didnt think possible, going up in tandem. How positive is that every night now, i keep highlighting the bizarrely bullish ways that stocks are trading. Sometimes theyre totally in your face. Like this simultaneous move in the price of oil and Airline Stock which ive never seen in almost 40 years in this business its the type of thing that can really get the markets animal spirits roaring as it did once again today. Dow gained 206 points. S p climbing, and nasdaq falling. 081 . Look at this oddity. Lucrative set of circumstances because i want you in. Not excited because thats not rigorous i want you to understand how rare things are that are happening right now. Airline stocks surged because of terrific numbers out of delta. Many thought delta was doing poorly surging up nearly 5 Airline Stocks gone ....
1. 02 and the nasdaq plunged 1. 14 , i think being old is a very good thing. Whats so great about being old . Simple, i remember things. Things that can be valuable to all of you, because ive lived and traded through them. Right now, of course, were in the midst of earnings season. The news is coming fast and furious. Boeing missed the forecast, is the honeymoon at yahoo finished in the wake of the not so hot quarter and the slowdown . In a normal day, we pick them apart, questioning whether facebooks quarter was as good as it looks. I think it is. These are not normal times. Other forces are at work. Forces that are not necessarily bigger than individual companies that make up our stock market can still trump them shortterm. Lets set the tableau you and me. Nothing to do with the Earnings Report, which like every other day have been good with only a few real stinkers. Typically on the guidance, too, not the quarters themselves. ....