Theaters dark, can streaming make up for more losses ahead . Peloton has been the pandemic diving with a new campaign in a darling with a new campaign in a partnership with beyonce. Still plummeting on positive vaccine news and bikes have long wait times. We will talk about it all later this hour. U. S. Stocks slumping amid spiking coronavirus cases. The s p 500 sank as new york city, the early epicenter of the pandemic in the u. S. Prepares , for the possibility of closing schools while chicago issued an advisory, urging residents to avoid leaving home except for work and other essential activities. Abigail doolittle has been following it all. How did this Impact Market moves today . Abigail it was a bearish day at the end of the day as investors took to heart some of the news around the virus. It is clear it is surging in the u. S. Before we talk markets, a lot of movement after hours. Some of those earnings movers you were talking about. Disney, this stock is surging. A blowout quar
A basically online renaissance its its not any one nation its all the people organizing online and i believe that is going to be the case were going to cover that war a little bit and a few moments but 1st i want to say you know the the big themes that weve been covering there really coming to a head in 2020 diggle is ation dollar is ation japan afic ation of our Balance Sheets of Central Banks money printer go back and de china for cation now is a new thing so were going to cover those over then upcoming episodes of Summer Solutions did china for cation thats the 1st time ive heard that what does it mean what its a process of separating the Global Economy from china exiting trade deals japan as we recently reported they theyre paying their own Corporate Companies from japan 536000000 to take their factories out of china and move them to vietnam move them to cambodia move them to other places in Southeast Asia so were going to see a lot of the power all of china has come from the fact
Tread the virus spread between people to the highest level. To the lowest level. Abigail very risk on. The bulls rushing back in. S p 500 up for a fifth day in a row. Longest winning streak of 2020. This is the first time we have had a fiveday string of gains. That tells you the degree and strength. Individual stocks having positive news. The nasdaq had a new alltime high. The stock, the chips index, same thing. Faang index driven by the likes of amazon and tesla. The fangs, those are the stayathome stocks. You were mentioning the virus data still being pretty bad. Realworld. Een the last couple of days, it has been a global rally with asian and european stocks. The new york faang adex really doing its best on yeartodate basis. Then it is the chinese tech stocks, the cqqs. Up 22 . S s p 500 and European Tech etfs up just about 6 . That has to do with those European Technology indexes. Nokia, somerickson, of these other companies. Tech, one of this years star winners right around the wo
Guard before joining the Capitol Police. Sicknick was defending the Capitol Building and congressional lawmakers on january 6th when he was brutally killed by protrump rioters. Please consider this man lost his life protecting the building, his remains now lie in. His viewing comes just days before Donald Trumps Impeachment Trial begins, when a lot of those very same lawmakers paying tribute to sicknick will be in the same chamber deciding if trump will be held accountable for that deadly riot. I want to bring this Garrett Haake on capitol hill and Peter Alexander at the white house. Garrett, this is going to be a very emotional day where you are. Lets talk about this tribute and whats expected for the rest of the day. It it started with an emotional, somber ceremony last night when officer sicknicks remains were brought into the capitol in the bitter cold. Dozens and dozens of his fellow Capitol Police officers were lining the steps in the east front outside of the capitol. His remain
New ceo. Largely on the and, mobility tech is all the rage and uber takes one more step to becoming a onestop shop for all of your transportation needs. Heavyweight Technology Companies led a rebound. Andanies like salesforce alphabet, fresh record highs. That means that the smallcap Technology Companies are looking relatively cheap on a valuation basis. Joining us, bloomberg across asset reporter sarah ponczek. Really i am showing, now looking like some of these smallcap Tech Companies look cheap relative to some of those big things. You are looking at the forward price to earnings ratio the s p p 500 versus 600 for both technology sectors. 600, as you can see, trading at a discount, at the lowest level since 2001. I will say that we posed this chart to Jonathan Golub of Credit Suisse about an hour ago and he said, i would not be too quick to count out these large Tech Companies. , but theaw the rally earnings picture for smallcap is likely to be a bit rockier. At the same time, many