Poster children for growth. Today we are going to take a shot of these Growth Stocks. See if he could be a signal of the rotation away from growth and towards value. Notable today, Energy Financials outperformed. Are warming to the possible switch after the u. S. Elections. Netflix declined today. Could it be a precursor of things to come . Joe it is finally happening. October 20, finally the great rotation. Who knows . But one thing is clear. Netflix had an absolute boom with a huge surge of people that didnt have anything to do, so they got netflix. That is slowing down. The stock is down. Romaine you joke about this being the day. The fact that you said it out loud, maybe it will be the day. But you take a look at this next chart and we have seen a little bit of that value trade catching up with the tech trade, the growth trade. That bottom line there, the vanguard etf. Little bit of a catch up here. I guess the question is whether this is going to be a sustained rotation. Joe if to
Cspan3, created by americas Cable Television companies as a Public Service and brought to you today by your television provider. Were 4 trillion in debt. Were going into debt on an additional 1 billion every working day of the year. As we sit here tonight, we will go into debt an additional 50 million in an hour and a half. Its not the republicans fault, of course, and its not the democrats fault, and what im looking for is who did it. Now, theyre the two folks involved, so maybe if you put them together, they did it. The facts are, we have to fix it. Somewhere out there there is an extraterrestrial doing this to us, i guess. Everybody said they will take responsibility. Someone somewhere has to take responsibility for this. That was independent candidate ross perot during three separate debates in 1992 talking about one of his favorite issues, the u. S. Debt. In that election the texas businessman won 90 of the popular vote, the largest vote for an independent candidate since. Thanks
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
Individual sacrifices and in many parts of europe and in north america in particular there are many things that each of us can do the decisions that we make every day about avoiding crowded spaces about avoiding in close settings for prolonged periods of time about postponing some of those gatherings that we may want to have an exact of faces that we all have to make. And pharmaceutical giant pfizer says its late stage hope in 1000 vaccine trial is nearly fully enrolled the company is phase 3 trial is just 2000 volunteers shy of the 44000 needed the company said during an Earnings Call Tuesday Morning pfizer and biotechs drug is viewed as one of the worlds most promising vaccine candidates while the company had said it hoped to have data on the efficacy of the vaccine by the end of this month during the call pfizer c. E. O. Albert borlase said this of the situation in case of a conclusive readout we will inform the public as soon as we complete the necessary administrative work which w
Largest economy later on well dig into the ruling and what issues lie ahead in the dispute with a packed show today so lets dive right in. And we lead the program with the latest warning from the Global Health officials as the world continues to deal with the latest surge in coal but 900 cases with the latest wave the World Health Organization on monday said that while reimposing Strict Lockdown measures may be needed to slow the spread of the virus these actions can be avoided if everyone does their part i think we have to. Look at that very seriously in the context of the European Union in the context of the region as a whole theres a lot of Free Movement and therefore those principles it may require and shutting down and restricting movement and having stay at home orders in order to take the heat out of this phase of the pandemic we can avoid National Lockdowns we can avoid massive restrictive movements if everyone plays their part it means individual sacrifices and in many parts o