In spain, new infections slowed slightly but officials are worried about a second wave of covid19, now that the country has emerged from a strict lockdown. In portland, oregon, another night of violent protests. Targeted a u. S. Immigration and Customs Enforcement building, spray painting the building, breaking windows, and shining laser lights on agents. Authorities declared it a ride and used tear gas to break up the crowd. Violence is ripped the city for three months since george floyd died in Police Custody in minneapolis. 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 p. M. In london, and 1 00 a. M. In hong kong. Im vonnie quinn. Welcome to bloomberg markets. Here are the top stories we are following from around the world. A stumbling block for the u. S. Labor market as applications for Unemployment Benefits inc
So bad that were going to be debating whether were in a serious recession or depression. We have pockets, though, of strength Like Technology and health care. But those pockets cant offset a very weak backdrop, can they we saw it again today. The dow lost 218 points. The s p 500, it tumbled. 7 . But the techheavy nasdaq also had the darn gall to rally. 51 , and was up a percent most of the day. Oh, the indignity. If you make technology that helps businesses cut costs by firing people, or having them stay home, youre doing great. If you make something people literally captain live cant live without, medicine, terrific Everything Else is a drug here staggering layoffs and the big drop in the index i am worried about, or at least a lot of what im worried about which is 9 s p 500. It gets worse. If you run a business leave it to the u. S. Economy and not chinas economy, well, now your stock is getting walloped. Over and over in the earnings season we see Companies Report an incredible 2 1
One minute youre yelling at them to get off their loins and then theyre taking over the world. I like them back home and youre yelling at them. Thats what happened today. Dow dipping 24 points and s p dipping and there are changes underneath. They are about the millennials. What do i mean when i say the kids are taking over . Theres a group of consumers that simply dont behave like any other. Im talking about these millennials. Many of the people who run companies these days, they have not a clue what the Younger Generation is up to or what they think is right or how theyre different from their parents. These millennials frankly, might as well be aliens clever, tricky aliens who arent bound by any of the traditional ways most people believe. Even if you can think like the millennial, it may not matter because of structural issues that prevent you from making changes at your company to please them. You may see the train coming but you cant do anything about it if youre tied to the track
More on protest problems in downtown oakland. [ yelling ] reporter within hours thousands of marchers had taken to downtown oakland. They stormed interstate 880 marching against traffic bringing cars to a stand still. Police moved in making several arrests. They forced protestors off the freeway but outnumbered, they were forced to call in Highway Patrol and Alameda County sheriffs deputies. Their reactions a far cry from the first night of protests. We have learned there were only eight officers on the streets in downtown oakland saturday when vandals broke off from a larger protest, smashed windows and set trash on fire in the streets. Were tired of people from mostly it seems like people from outside of the city just trashing the downtown every time they feel like they want to say something. Reporter we saw the Oakland Police chief patrolling the protests himself by bicycle. He admitted police were blindsided by the verdict. They didnt make one arrest that night. We werent expecting
Thank you. Breaking news in san jose. Dozens of animals are killed in an overnight house fire. Kpix 5 reporter sue kwon is gathering more details from the scene and sue, more than 100 cats were inside the home. Reporter yes. Thats right. Were here at 6900 block of [ indiscernible ] in south san jose. This is an unusual scene, captain reggie williams. What you found inside was surprising . Thats correct. When we got here we found a resident trapped in the rear of the residence. Firefighters made a valient effort and rescued valiant effort and rescued the resident. We found 100 cats also. Reporter the back area was locked off to keep the animals inside. What were the conditions . The conditions inside were lots of cats inside. The resident was woken up by the dog. When asked, she said there was 100 cats. Reporter five to six cats were saved, one dog were saved. The other cats were dead. Some of them were in a kennel. Others were not. Firefighters were able to go in and pull the cats out.