Recovery strengthening, thanks in part to a pickup in Consumer Spending. Has fresh hotp bind moves against beijing in the final weeks of his term. Eu are inks with the a crucial week. The u. K. Prime minister will have to amend his busy schedule. He is not isolated he is now isolating from coming into contact with a lawmaker who tested positive for covid19. Are at a juxtaposed moment. I concede nothing. There were many tweets, but that was the conclusion. The president concedes nothing versus the virus raging in the United States of america. But the president elect has a message for now. Lockdown, and thats critically important to sentiment. You look at michigan going into a partial lockdown. To that agenda . I will turn to the right camera. Trust thenley says recovery. Thats what they want you to do. Sell the dollar. Get all in. They want you to be overweight equity, corporate bond. The message is there, you should read the Bloomberg Intelligence narrative, it is not a v it is far fro
Good tuesday morning. Welcome to squawk alley. Im Carl Quintanilla with jon fortt and Julia Boorstin on this election day markets are continuing the rally we got on monday were close to session highs right now. Dow is up 665. Best day since june 5th for the dow and s p 500. Best breadth since april 8th nasdaq and s p 500 erased their october loss, jon, as were seeing things like yields go higher as well and the dollar weaken which is another sign that some of the imbedding on emerging markets going out of this election. Yeah, carl. Looking at tech overall and particularly big tech, its interesting the gap between microsoft and amazon lagging behind apple, thats narrowing a bit. Remember, you had apple above 2 trillion in market cap and around 1. 5 trillion now thats come down apple is below 2 trillion those two are still around 1. 5 alphabet lagging all of those year to date so what is surging today tesla is up 5. 5 sales force, cisco, micron, dell, if you look at enterprise space, tho
The bell apple, facebook, amazon, and alphabet we will also get results from starbucks, twitter, act vision and many more names. We will bring you all the results as soon as they hit. Analysis as well to help you figure out how what to do with the stock. Speaking of earnings in joel we will speak with the brandnew ceo of tapestry, her first interview since taking the job that stock soaring after getting a beside on sales in china music mike tracking the broader markets, Steve Liesman, and meg tirrell has the latest on the covid emts troo and vaccines mike, talk to us about the comeback we are seeing. A respectable bounce. Coming into the day the market was stretched to the downside after the declines not just of yesterday but the past couple of weeks. We had lost 119 in the s p alone yesterday. We are regaining not quite half of that. 3,200ish is the level just about everybody is looking at. It isnd responding, but definitely not necessarily in a decisive way bond yields up today reall
Players test positive for covid19 including stephon gilmore, the patriots play that Kansas City Chiefs on monday despite a positive virus test for cam newton. The move drew criticism and potentially exposed more players to infection. Hurricane delta made landfall just south of the mexican area of cancun, knocking out power along the northeastern coast of the yucatan peninsula. It had top wind at 145 miles per hour, weakening as it went to the shore. A watch has been issued for the northern u. S. Gulf coast from texas eastward to grand isle. Delta is expected to make landfall on friday night or saturday morning. The entire state is in the possible path. Global news, 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. I am Mark Crumpton, this is bloomberg. Vonnie welcome to bloomberg markets. Here are the top stories that we are following on the bloomberg and around the world. President trump called off hope for
Spell the end of obamacare. Clinton spoke with the bloomberg number commented interview for todays bloomberg equality summit. Having this seat field right now as opposed to waiting until we know who the president is could very well mean the end of the Affordable Care act and the loss of healthcare for millions of americans who have suffered from covid19. Mark secretary clinton calls an unfortunate display of partisan power. C said she would not favor a strategy being discussed by some democrats to increase the size of the Supreme Court to dilute the conservative majority. Step tood that idea a far. You can watch this and more right here on Bloomberg Television and you can listen in on Bloomberg Radio and seymour on bloomberg see more on Bloomberg Live go. Global news 24 hours a day on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. I am Mark Crumpton. This is bloomberg. Vonnie it is 1 00 in new york and 1 00 a. M. In hong kon