Damaged two that had a key role in handling virus cases. Officials are pushing for a twoweek lockdown to control the pandemic. The french government is sending right police to the marseilles a rate to enforce mask requirements. Has seen scattered incidents of violence from people refusing to wear masks. Is weren 3000 new cave reported sunday, one of the biggest daily spikes since the country lifted its lockdown in may. The japanese Prime Minister shinzo abe visited a tokyo hospital for several hours today. They say it was for a routine avoidanceck but his and public appearances recently has sparked speculation about his health. He has not held a fulllength News Conference since june and has refused call for a new session of parliament to debate issues like the coronavirus outbreak. 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
The s p 500 has climbed all the way back from down 2. 5 to flat. A little bit of strengthening from last week in the dollar index, but weaker on the day. The 10 year yield at 69 basis points. And a little return to climbing higher for crude, but it is lower on the equity downdraft. Halfway into the trading day, lets go to scarlet fu for more details. Scarlet you mentioned the paring of losses. Futures, the s p 500 futures have almost wiped out its early decline. And we are looking at that in the cash market as well. Of what is in leading things higher, Consumer Staples are doing the best in the s p 500. Names like kellogg and campbells, a clear sign of the risk off safety trade, even as we see the Overall Index make a comeback. And the tech heavy nasdaq 100 extends its top performance, 5 shy of a record high. Last week, we saw it the s p 500 by the most in nine months. Small caps are holding up better than the big caps, thanks to health care names like bbi vaccines, working on a covid
Businesses across the whole economy. Australias pension faces rising outflows as people are allowed to tap Retirement Funds to weather the fallout from the pandemic. Shery happening right now, President Trump speaking at the white house, saying that new infections remain flat across the u. S. Take a listen. Pres. Trump so we have nobody died and i said china, you cannot come in, sorry, because i saw what was going on. It was not so much what i was told, it was that i saw what was going on and i didnt like it. But, i didnt speak to tony about it. I didnt speak to very many people about it. What did i do . Ready . January 31, in the United States, not one person had died because of the, again, the wuhan virus. So, i issue travel restrictions on that date even though nobody died. I got brutalized over it by the press because i was way too early. I should not have done it. Brutalized by the press. I have been brutalized for the past four years. I used to do well before i decided to run for
In the star ship program. Guy how far are we now to the star ship program . Its a big piece. Matt talking 30 rockets instead of the nine on the falcon. Its really adding complexity to the program and you see them thinking of technology that allows you to get it all the way to mars as complexity, too. Hellon elon talked about the physical issues of getting to gravity and when you get to that size rocket, you Start Testing technology, physics, or our understanding of it as we know it today. Vonnie theres no particular regulator for these type of missions but the International Telecommunications union coordinates the allocation for frequency of communications, matthew, so in a sense space x is given a lot of freedom and seems to be using the freedom pretty well. Lets talk about the satellites and go up in the tower and then one is at the ch lower orbits and they have to push their own solar panels to survive in space. Its very ingenious. Matt theyre using a lot of technology though its go
Breaking about 7 . This leads us to the pause problem. Data continues to come in strong. Inflation, retail, initial production. From new york, i am alix steel with guy johnson. Welcome to Bloomberg Markets. The Industrial Production beats also. Guy take your pick. Things are strong at the moment. Here is the kicker. The market thought last month a soft landing was going to be a good thing. The market is reappraising the view that a soft landing is a good thing. A soft landing comes with higher rates. The whole idea you can have a soft landing and rates would get cut significantly is enough to appease the market. The market is coming to the conclusion, there i say it, a soft landing may not be a good thing. Alix financial conditions have loosened a bit and that makes the feds job tougher and puts more pressure on jackson hole. Does the narrative need to change this top financial conditions from loosening so much . Guy i think its an interesting one. What does jay powell do a jackson hol