The 27,700 level. Remember, it was 18,000 on march 23rd. The s p, what, nearly 3400. New alltime high. The nasdaq well over the 11,000 mark. Who would have thought of that. Add it all up and yes, we are now in a brand new bull market. Heres another reason for the rally. Terrific performance from major retailers, target, out today with a blowout report. Online sales nearly tripled. It was targets best overall growth rate ever. That stock is going straight up. Add this to the numbers from walmart, home depot and its clear the major retailers won big by staying open in the lockdown. Really, though, kind of tough on the smaller operators. Got to get to it. The convention, boring in my judgment. Tv ratings way down. Wheres the excitement . Everything is on tape and the whole thing lacks the spontaneity of a live crowd. The performance of the old guard, bill clinton, john kerry and a grim chuck schumer. The bright spot was aocs oneminute appearance. She nominated Bernie Sanders. The democrat
And we speak live to the former white house chief Economic Advisor gary cohen. Up, a new Community Pro or a new economy for a new economy. We bring you exclusive interviews with the Credit Suisse chief executive, ubs, and many more. Welcome to bloomberg surveillance. I am a Francine Lacqua. Before we get to any of those interviews, let me just have a quick check on the markets for you. Look at stocks dropping in europe. Asia was a mixed session. Fromcomes as support congress for protesters, kids prospects of a trade deal. We are also looking at bonds edging higher. Beijings chief negotiators says he is cautiously optimistic after a phase one trade deal. Lets get straight to first word news in new york city. Rudy giuliani and donald trump demanded a quid quo pro from ukraine. Is astunning admission damaging testimony for President Trump. He went on to say giuliani was holding up a white house meeting unless ukraine announced investigations. The latest debate, democrats focused on Presid
International Companies Due to political tensions with beijing. Now china meanwhile has called on its biggest state firms to take a more active role in hong kong including stepping up investment and asserting more control of companies in the financial help beijing says its trying to calm months of unrests in the semi autonomous city. At a meeting this week in change in city bordering hong kong Senior Executives from nearly 100. 00 of chinas largest state run Companies Including oil giant scientific and conglomerate China Merchants Group were urged to do their part to help cool chinas biggest political crisis in years at the meeting the air so hes pledged to invest more in key Hong Kong Industries including real estate and tourism in a bid to create jobs for local citizens and stabilize Financial Markets the director from beijing went further than to simply urge investment in Hong Kong Companies but to develop a controlling stake in companies the move would extend to mainland chinas inf
Welcome to news asia its good to have you with us over the past 3 months pictures such as these have come to define hong kong hundreds of thousands of residents demanding greater autonomy for their city but there are other pictures as well of defined hong kong like these violence on the city Streets Police clashing with protesters more than 1300 arrests have been made since june and that the 70 people have been charged with the offense of writing an offense that carries a 10 year. 10 years in prison for demanding rights that for promised way back in 1970. 2 much did have a corresponding. The shore new Hong Kong Legislature has been a hot spot of the antigovernment protests daniel chan has spent a lot of time here but that could change soon daniel not his real name was arrested and charged with rioting in july he faces up to 10 years behind bars now about liable holiday the moment i was arrested i was very calm i was thinking about what i needed to do in a situation but when i was told
A letter saying that a swift and certain implementation was simply not credible the elizee says its sticking with its plans to buy data and Analytics Group within it to. Now at the same time the 2nd biggest i. P. O. This year could soon come hong kongs way Bloomberg News reports that hasa bush in bed has revived plans to raise 5000000000. 00 through an i. P. O. In hong kong the brewing giant behind brands such as Stella Artois and u. S. Provisos said its asia pacific subsidiary has resumed its application for the listing of a Minority Stake of its shares on the Hong Kong Stock Exchange the move could be a boost for hong kong bourse which has recently been battling to win listings by International Companies due to political tensions with beijing. Now china meanwhile has called on its biggest state firms to take a more active role in hong kong including stepping up investment and asserting more control of companies in the financial help beijing says its trying to calm months of unrests i