Long time venture capitalist bill gurley joins us to talk about the path forward for Tech Startups and a new normal. Committee by a tommy autonomy, we will hear from an exclusive interview coming up. Are hearingtocks losses today as a fresh round of stimulus has been affecting the stocks. Lets bring in abigail doolittle. This has also touched the Biden Campaign and senator Kamala Harris and a couple of her aides. How does this impact today . Abigail there were so much movement. On the open, you had all of the major averages down. This has to do with the resurgence of the virus in europe. I would argue that that was the main bearish factor for the day. As trading went on, the cooler heads prevail. The s p 500 is a little bit down. There is a greater than 1 loss. That index is more domestically oriented, so that would support the idea that there were fears around the european virus cases. The bloomberg commodity index, a big piece of that copper, a big piece of the economy. Some investor
Fairness. Homebuilding rising to meet a record in making 98. Not everyone is joining the rally and housing. That joe biden hopes the fed will take on. Joe this is some really extraordinary housing data we got today. Thinknot like anything i we have seen in the past. The homebuilding Sentiment Index off the charts. Homebuilders feeling really good about this. All of the stories of people leaving cities, wanting to put down roots, have a yard, all that stuff. That has been soaring. At the same time, delinquencies have been shooting up as well. The blue line is traffic of prospective buyers. Basically people coming to look at a home. The right line is mortgage delinquencies. Intuitively, you expect it to look like these lines move in opposite directions. That is what we saw in the last crisis. You would think, during periods of rising delinquencies. This may be the only time in history we are seeing a rise in mortgage liquid sees and a rise in people trying to buy new homes. When you look
Bloomberg television, starting at 9 00 p. M. Eastern. Along the gulf of mexico, the texaslouisiana border is reeling after hurricane laura unleashed a wide swath of destruction, with winds reaching 150 miles an hour after coming ashore. It is now churning over louisiana. It could lead to more than 15 billion in insured losses. One of the top talkers on wall street, meantime, news of wall street joining microsoft to make a joint bid for the social media sensation tiktok. Now aligned with oracle. For more, i want to get to scarlet fu in new york. A lot tied to these remarks from the fed. There was a lot of gyration in jay powells remarks. In the case of equities, the fed moved it higher. The dollar moving higher. Bonds falling. In no rush bank is to raise interest rates. It will let the job market run hotter and inflation run higher, potentially overshooting the 2 target, before taking any kind of action. In the end, we saw financials get a boost. They benefit from a higher yield and a s
A number far greater than was previously reported. As virus cases rise in bangladesh corruption is fueling fears of getting safe treatment in hospital. Also the mollies process leaders refused to back down on demands for the president s resignation and dismiss regional mediation efforts. One of americas most famous civil rights activists congressman john lewis has died at the age of 80 he was among the last surviving pioneers of the movement during the 1960 s. He helped to organize the march on washington where Martin Luther king delivered his historic i have a dream speech nearly 60 years later the dream of Racial Justice is ongoing black lives matter protests sparked by the death of george. Floyd to being violently suppressed by the police in the city of Portland Oregon overnight on friday federal agents fired tear gas at Peaceful Protesters the state of oregon is now suing over the use of force statues have been toppled and some Police Officers sacked during months of protests acros
Fullon identity politics for the democrats. Mr. Biden now has a strong lead over the president. Hes 12 points ahead in the latest fox news poll. However, look at this. There is a huge Enthusiasm Gap and it is in mr. Trumps favor. 31 say they would vote for mr. Biden because they are enthusiastic about him. Double that number, 62 , said they were enthusiastic about President Trump. His base is clearly staying with him, obviously, and that will be into play tomorrow at his the city. They have already started to line up outside the stadium. We will take you there in just a few minutes. And we will take you to wall street and you will like it. Another rally this morning. Look at this. The dow will be up over, what, 350 points, 1. 3 . A similar gain for the s p and a 1 gain for the nasdaq composite. 10,100 on the nasdaq. Whoa. Amazon roaring ahead again today. They are clear lockdown winners. Jeff bezos is a clear lockdown winner as well. Hes by far the richest person in the world. Hes now