Absolutely extraordinary. Thank you for joining us on Bloomberg Radio and Bloomberg Television worldwide. What have we got . Mcdonalds just out with a dividend increase. Ibm with a seismic restructuring. Morgan stanley to take out the venerable eaton vance of boston. On and on we go. Guess what . None of it matters. Someone speaking to maria in two minutes. Jonathan the present will be on fox news. I imagine he will have a reaction to the next debate being virtual. That news out from the commission on president ial debates. Tom i really want to bring up this story, below the fold on the internet sites, but our Jennifer Jacobs reporting that the head of security for the white house is gravely ill with this horrific virus. Really a difficult illness as well. It is amazing how this virus story in the debate last night, commenting ondent this debate. Jonathan the president tweeting, saying that this is not a separable. He is looking forward to doing rallies. He is feeling goods. Those comm
Ask them, they know where they were that day. 9 11 is one of those rare moments, perhaps one of the only moments like it. Tom in washington, was a plane ascending with a plane ascending out of reagan, a flag unfurled along the west wall of the pentagon. Thee will be ceremonies at pentagon at the pentagon at 7 30 this morning. As you say, we moved to new york city. What a decidedly different 19th year of remembrance this is. With this pandemic, it will be a very different set of images this morning. Jonathan we will observe those moments of silence through the next several hours here on bloomberg tv and on bloomberg radio. Lisa, give us the day ahead. Consumer8 30, some price data. We are talking about a potential dynamite pillow, as we heard from albert gallo. Will we see the resurgence of inflation . At 2 00 p. M. , how big is the u. S. Deficit . We will get the august budget statement. Today, President Trump and former Vice President biden will be marking the 9 11 anniversary. I have
The ecb today likely in some time,ust merely to mark there may be some tweaks in terms of determining will it have an impact, but it will not be major. The ecb is waiting for more data. The ecb is also waiting for meetingnd the council which will determine this rescue plan, 750 billion euro rescue plan, and everybody is waiting to see what happens there. Yousef a medical meeting today tom medical meeting today, first do no harm. Right now with first word news in new york city come here is ritika gupta. Ritika President Trump is shaking up his struggling reelection campaign, replacing manager brad pascal. Pascal has been under fire for some time, coming less than a month after the residents sparsely attended rally in tulsa. The twitter accounts of some of the most prominent american political and Business Leaders have been hacked, amongst them, barack obama, joe biden, elon musk, jeff bezos, and warren buffett, an apparent attempts to promote a bitcoin scam, sending out tweets promising
Johnson johnson better than expected, it doesnt matter. Taiwan semi last night fantastic, doesnt matter. Apple price bump doesnt matter. When you get like that that says, let the sellers get their job done, there is some agenda here, theyre obviously not caring about news, not reacting to better retail sales or jobless claims down again. Every time that happens theres usually a great trend up someone is a seller. There is big money that wants out right now, i think a lot of people are confused about whats going on in nasdaq, amazon down 10 since the week began consequently there is no bid underneath no matter what the companies say. That will change probably midday i think its an okay day all right well see, jim obviously we talk about the market looking forward through some of the news flow and, you know, you take some of the Bank Commentary about second half growth versus first half,its not nearly as constructive and we will see whether gorman backs up what citi and wells and jpmorga
Versus value. We had the nasdaq earlier this week trading at record highs. We have not really seen the other indexes get back to those record highs. Wayrussell 2000 is a mild is a mile away from its record highs. Are you comfortable with this idea that we only have a relatively small cohort of companies and sectors pushing this market higher, or do you want to see broader participation . I think it helps make sense of the market action. Thinking through, where would you want to put capital to work . What is driving this vshaped recovery . I think it would be quite irrational given what is going on with the pandemic and the broader economy. Investorson here for is where do you put capital to work from here on out. These positions within technology, there are some unstoppable trends like digitization, cybersecurity, which are really interesting given the work from home environment. Some of that, we do believe would continue to move higher. An area that you like. That not just the fact th