Good morning on Bloomberg Radio, good morning on bloomberg television. Too much to talk about. You hear it within those voices, that maybe it is the morning after, and the vaccine is really not out there. Now we get into a churn of the immediate news. Jonathan it is a tugofwar between the forward outlook looking better and the nearterm outlook looking worse. A real divergence between the two. How policymakers navigate the former will allow markets to keep the help about the latter. That is the hope for the market. First half of the week about cyclical appetite. 500 downhalf, the s p 0. 6 and nasdaq futures just about positive on the day. Tom we are going to roll the data check here through because it is a mess this morning. I just saw a 93 print on dollar. That speaks to the resiliency of dollar. Weve had a weaker dollar, but we just seem to come back when the uncertainty reigns. Lisa that seems to be the theme with all of the uncertainty on the dollar. When there is a risk off feel, p
Tech and bond trades play out. Lets dig a little deeper into the virus story in the u. S. U. S. Infectious disease official Anthony Fauci says it wont be a pandemic a lot longer because of vaccine progress. Joining us now with more is bloomberg Senior Editor drew armstrong. We all want to have the monday where we were very happy about the Pfizer Biontech results. What if the state of play in the u. S. . Drew the state of play in the u. S. Is brutal. We are sitting case records because of uncontrolled spread in huge amounts of the u. S. Hospitalizations are higher than they have been at any point during the pandemic. During thet pandemic. Depend on who you ask, 1500 sorry, 1506 to two deaths in the u. S. Yesterday, a number we havent seen since the early days of the pandemic. Numberout every single or way you look at this that you can is going in the wrong direction right now, and newman the hospitalizations and knowing that hospitalizations after that, it is going to be a grizzly pictu
Disease expert says covid19 will not be a pandemic a lot longer. , dr. Ing at an event today Anthony Fauci pointed to rapid progress in vaccine development. He did say the coronavirus could remain endemic for a long time. Generally, a pandemic is defined as an infection that puts the global population at risk, while an endemic disease is one that spreads in some areas and not others. There is a power struggle inside Prime Minister Boris Johnsons office that threatens to destabilize the british government. His communication director quit last night, raising concerns about the future of johnsons most powerful and controversial advisor, dominic cummings. All of this comes at a time when the Prime Minister is dealing with a new lockdown and brexit talks. 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 york, 6 00 in london, and 2 00
Debt as collateral for loans as eu leaders meet today to discuss a 2. 2 trillion revival plan. Loan provisions jump at Credit Suisse as the lender builds reserves to withstand the coronavirus pandemic. We will speak exclusively with the banks new ceo just after 9 00 a. M. Hopes forrs crafted higher profit in 2020. And the earnings deluge continues. Revenueetting hermes out, down 6. 5 percent, which does not seem quite so bad all things considered. Anna we are getting numbers out of unilever as well, so the earnings daily continues. Things not looking great for unilever. Delucia the earnings deluge continues. Growth of zero, so 0 . The estimate was of an increase and itr just over 2 , seems on pricing and on volume they missed estimates. Pricing looks to be lower than estimates and volume looks to be lower than estimates. That seems to be where we are on the top line. They are also saying they are withdrawing their previous 2020. Uidance First Quarter underlying sales slack, as i mentio
Any mutualization. Vonnie we are seeing a nice bounce for equities today. The dow in the s p both up 1. 5 to 1. 7 . The nasdaq up 2. 1 . All Industry Groups in the s p 500 higher, even though we are off our highs for the day. The one teetering on the edge is the home wherein transportation index, but they are basically flat to down 0. 1 or so. Some good earnings overnight. Many companies, including kimberlyclark, just getting rid of guidance altogether for the year because it is just impossible to know how the rest of the year is going to pan out. The likes of twoputt lake the likes of chipotle up, and Companies Like halliburton up. Diamondback up 8 , bouncing after getting absolutely hammered the last couple of days. Lets carry on the conversation about what is happening in the crude market, a big focus right now. Following that report on inventories. Weve also got the president s comments on what could happen the gulf when it comes to iranian boats. That is having an effect. Brent bo