Abramowicz and tom keene. The first full week for america. We welcome all of you to our simulcast, Bloomberg Radio and bloomberg television. It is merger monday. Across the headline from verizon, they will buy track phones from america mobile for 6. 25 billion. It is like an afterthought this morning when you look at the frenzy to get out there and by revenue. Announced 60 minutes ago, if you have access to these Capital Markets and many people do, they have the money to go do it. Immediate fixed income picture, William Gross will join us at the bottom of the hour. We will get an update from the retired one. I want to talk to him about the financial repression. Lisa, that is a backdrop to everything we talked about. Anybody with yield after inflation is losing. They are falling behind every day. Lisa it is cheaper to borrow money and invest in anything else because it is so cheap to borrow. That is what is driving a lot of the frenzy. There is a question about how far can the financial
Burning around the bay and as they continue to rage that major that declaration will help us right now the latest from cal fire puts the lnu complex fire. At 17 containment. That is the fire thats burning in the north bay. The scu lightning complex fire which is in the east bay has burned 10 contained right now and the czu lightning complex fire. Thats the one along the peninsula. Its just 8 contain still that is a jump from yesterday morning by about 3 so little by little they are working on it as fast as they can to knock down these fires before there is a threat. More dry lightning. Lets talk about the csu lightning complex fire in santa cruz and san mateo counties in total. This fire has burned 71,000 acres, 60,000 people plus have had to flee their homes and as you can see many structures have gone up in flames 2 people suffered minor injury. There are now 1300 fire personnel there battling that fire right now. Lets take a look at the map and that shows you Scotts Valley and santa
Patients the billionaire Tilman Fertitta will talk about what a second waver could mean for his business power lunch starts rite now. Thanks the Broader Market is lower. The nasdaq isnt it crossed 10,000 just a few minutes ago. Lets get to bob pisani. We did hit the 10,000 level it was led by semiconductors we saw nvidia doing well dont kid yourself, theres your 10,000 off of that its still a nmegacap rally. Good day for amazon. Good day for facebook and alphabet good day for apple as well microsoft is the lone laggards and that is up about 1 overall here we sort of reversed. The banks, the retails and industrials have led the charge for the last week or so. Thats not the case today. Were back to the old meg cap rally and the banks down the retail down. Energy stocks down industrials down all this follows a rather predictable pattern in last month or so as these cyclical names for big for the last 6, 7, 8 trading sessions on the down side we keep mentions all of these. We call them ret
A little luck and let go. To get down from the numbers not just stabilize requires a redoubling of Public Health at 1st a president in denial rose comments rejecting social distancing of deleted by twitter because of fears they put brazilians at risk. And the race for a vaccine scientists across the world work flat out to find a way to protect us all from covert 19. We begin in the u. S. Now the global epicenter of the corona virus pandemic more than 3000 people have died over a 1000 in new york state alone the worst affected region across the country more than 100 60000. 00 are infected after dismissing the dangers posed by covert 19 in the early stages of the outbreak u. S. President donald trump now says his administration is ramping up testing in the last few hours hes claimed that the u. S. Is testing more people than any other country. Today we reached a historic milestone in our war against the. Coronavirus over 1000000 americans have now been tested more than any other country
Witness stand after todays outburst, now, the defense attorney potentially put cowell on the stand so he can show his mental state. To the believe it is real . Or it is an act . We are hearing today that one of cowells family members sent some time on the stand today . Saying what . Reporter his aunt was on the stand is all trying to show and provide examples of his mental state, saying that, he had Mental Illness before this murder, but the prosecutor had a very good cross the cross examination, the prosecutor was trying to attack the ants credibility, saying that, hey, before when investigators actually interview you, you did not talk much about the Mental Illness, you talked a lot more about the addiction. Thats how the prosecution attacked her credibility. Chief police a new tact is to crack down crime are working. Kpix 5 anchor Elizabeth Cook with the new data. Reporter alvarez started at the twoday meeting. He credited some of the systems newest Safety Initiatives for a drop in c