Odonnell good evening, odonnell good evening, and thank you for joining us. We are going to begin with breaking news and another sign of how dramatically and quickly a new wave of Coronavirus Infections is sweeping across the country. Tonight, the nations Largest School system, new york city, says its closing all of its schools, sending more than a quarter of a Million Students who had been in classrooms back home for Virtual Learning tomorrow morning and creating chaos for working parents. That abrupt decision comes as the infection rate in new york again. Nce the epicenter of the and while clo pandemic, is rising once again. And while closing schools might be one of the largest indications of just how dire the crisis is becoming, it is far from the most devastating. As we come on the air, coronavirus has now killed more than 250,000 americans. Tonight, a recordshattering 76,000 more americans are hospitalized because of it. And one out of every five hospitals now says there just aren
Republicans initially refuse to certify results in the largest black county in the state. Sexual assault in the military. A year and a halflong cbs news investigation uncovers failure to fight misconduct. One mother says mishandling of her daughters assault had deadly consequences. And the boeing 737 max getting back in the sky. The faa expected to give the plane clearance to fly again today after two deadly crashes. Why relatives of those killed say it is still too soon. First, here is todays eye opener, your world in 90 seconds. Mask up, illinois. Mask up, ohio. Mask up, minnesota. Mask up michigan. The latest Coronavirus Task force report, calls current mitigation efforts inadequate. If you dont have a smooth transition, you would not optimize whatever efforts youre doing right now. Donald trump fired his top cybersecurity chris krebs. He was simply reporting what him. Y Relevant Agency had told the faa lifts the grounding of the boeing 757 max following two deadly crashes. Massive
Will talk about this later on, but seems like europe is edging one step closer to that 1. 8 trillion euro recovery fund, which would be huge, particularly as the u. S. Cant get it on stimulus. So huge that the euro barely budgets. [laughter] alix it could be worse. Guy it is big news, but i think there was belief in the market that this is a done deal, and europe will ultimately come to the right conclusion and make the stimulus happen, 1. 8 trillion euros. So i think the market had already priced this one. As you can see, unchanged on eurodollar on the back of that. We are getting the jobs data coming through. 6. 43 islittle light, the number. 6. 5 was the expectation. Actually, the prior number devised down a little bit as well. So maybe a little bit of softer data coming through, but the market doesnt care. The market is looking through the virus. All of the bad virus news, you can put that in the rearview mirror. That certainly seems to be the sentiment right now. Lets dig around w
The nasdaq. The trade continues tom the trade continues. Tom im looking for an entry point. They all sits, down. You couldnt trade. You are right. , 1. 05. Weaker yen today i just did the math on the surveillance. Is fine they are proposing the gdp of latvia. That is the story around big tex. Think big tech has a much bigger problem, given yesterdays session. Tom i agree totally. Jonathan maybe not latvian gdp. [laughter] yesterday was a case of buy stocks, ask questions later. There are questions being asked about this vaccine and development. The deployment, the distribution of it. They are questions we will pursue for the next couple of hours. Tom we will have some real experts on. It has got to be frozen. Theres issues. But as we heard from johns hopkins, there could be a lot more vaccines coming on. It is a stew of vaccines. Jonathan the show is just coming off the rails, which means one thing. Lisa is going to get it back on the rails. The data, lets focus on that. Lisa i could t
Onwelcome all of you Bloomberg Radio across this nation and bloomberg television. Extraordinary Market Action yesterday, truly historic. We will get to that in just a moment with someone who has a wonderful test but a wonderful tapestry of the history of the market. First weve got to get to the news flow. Are we still doing election 2020, or have we moved on from that . Jonathan i think it may come back on the agenda, but today is as yesterday once again, just a little flavor of mondays price action. You will find it in names like amc entertainment, and the airlines. You will find it at the index level. The relative performance of the russell versus the nasdaq continues. You could drive a truck through it this morning. Russell futures are up by about 1. 6 . Nasdaq futures are negative on the session. Cyclicality starting to come back into this market. Youve got to ask yourself where the risk is in this market, and the risk for many people in this market is where people thought was safe