How to get through this. Its been an extraordinary outcome. One i could have never perceived could happen in march when we were scrambling for ppp loans, the majority of my companies were cash flow negative we shut down retail, until we went through this extraordinary transformation we would have never shut down our headquarters we would have never assumed that we could make a pivot and start selling direct to our customers instead of through retail. Thats exactly what happened and when you sell something direct to a customer, you make almost 100 cents on the dollar versus 0. 50 when you sell through retail thats the reason that theres a massive digital pivot going on, and theres major cost savings also occurring i could have never foreseen this, 15 of my staff including the areas of accounting, logistics and compliance never want to come back to the office. Wow. Theyre raising kids at home in the suburbs, taking care of elderly parents. Another major savings. This is happening to ever
Alphabet seeing outsized gains and treasury yields are under pressure giving back some of their recent pop, thats weighing on the financials the Kbw Bank Index is down around 3 with 59 minutes left in the session, banks one of the few decliners, sara, broader markets ripping up. We have a great lineup of guests over the next two hours to help make sense of the election, the market and your money. In just a few moments Guggenheims Scott Minerd will join us with his take on the rally and later we will hear from long time pharma exec fred hassan about the impact of the election on health care, those stocks zooming higher, plus kyle bass with a take on what all this means with the u. S. Relationship with china and bob diamond will weigh in on the banks. Lets get straight to the market rally that is happening. Mike santoli tracking all the action. You see a move like this, its very sudden, very dramatic in response to a widely watched known catalyst and you have two things, one is whats the
[ wind howls ] [ thunder rumbles ] [ bird caws ] im jamie colby, and im driving into portales, new mexico, along the texas border and near the Cannon Air Force base. You know, the welcome sign here says it all 17,000 friendly people and three or four old grouches . Im here to meet a man whose strange inheritance certainly called for that kind of sense of humor. My name is john wall. My mother, irene wall, passed at 90 years old. She had left me with a very large collection that meant a lot to her, but i didnt know what to do. Great. So nice to meet you. Nice to meet you. Welcome to my home. Well, so, what do think of all these dolls . Wow this is kind of the way it was in my moms house, only there were so many more. Johnny, i feel like im 8 years old again with all these dolls. Well, i have the reputation around here as the doll boy but i dont know anything about them. Looking around, you have earned that reputation. What are you going to do . The goal of my moms and mine was to find a
[ wind howls ] [ thunder rumbles ] [ bird caws ] im jamie colby, and im driving into portales, new mexico, along the texas border and near the Cannon Air Force base. You know, the welcome sign here says it all 17,000 friendly people and three or four old grouches . Im here to meet a man whose strange inheritance certainly called for that kind of sense of humor. My name is john wall. My mother, irene wall, passed at 90 years old. She had left me with a very large collection that meant a lot to her, but i didnt know what to do. Great. So nice to meet you. Nice to meet you. Welcome to my home. Well, so, what do think of all these dolls . Wow this is kind of the way it was in my moms house, only there were so many more. Johnny, i feel like im 8 years old again with all these dolls. Well, i have the reputation around here as the doll boy but i dont know anything about them. Looking around, you have earned that reputation. What are you going to do . The goal of my moms and mine was to find a
This is bloomberg surveillance. Im Francine Lacqua here in london. These are your markets. Global chief economist. A lot of the focus is on the next, the mastercard trade war. A lot of the focus is on data executive vice chair on out. We see pound. Diversity and her thoughts on we are of course watching that because we are one month exactly the apple card gender bias issue. From the early election, this is bloomberg. December 12, and the u. K. After the brexit party said they will not expand conservative seats. 1. 93. 0 year yield at coming up, we will be speaking to musabbeh al kaabi, the chairman of Mubadala Petroleum at 9 30 a. M. U. K. Time. That is manus cranny bringing that live. Lets kick off the show with the latest from hong kong. Rn that the city is on the brink of total breakdown as protesters rocked the citys financial district to a standstill. The chaos follows a flareup in violence after the first fatality linked to the protests. Is it different from yesterday . Is the mo