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
Are the three most important things investors should be thinking right now. The u. S. Stock market plunged this past thursday and swung wildly on friday. Was it just a hiccup or a sign to take profits . Big banks are weathering the economic downturn better than feared. Why its time to size up their shares. And billionaire Warren Buffett just went on a shopping spree for stocks in japan. How u. S. Investors can follow his lead. On the barrons roundtable, my colleague, ben levisohn, carlton english and al root. Ben, the stock market actually fell late this past week. I had forgotten it can do that sort of thing. What happened and how worried should i be . Well, ask three wall street strategists, and youre going to get at least five different answers about why stocks fell. But really this had to happen. Stocks just had an amazing august led by tech stocks. They just kept going up and up and up, and they started september the same way. With high dividends, 3m, chef chevron, dow. They could
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
Looking at the biggest weekly loss since late june the s p both with interday trading. The nasdaq is on track the fourth week in a row on higher prices dow futures indicated down at this poirchlnt looking at yields for the 10year. New this morning, china and the u. S. Have agreed to review the progress of the phase one part of the trade deal well do that in the coming days talks are scheduled from last saturday the review comes as u. S. china ties have deteriorated just summarizing you know that. Thats one of the reasons why. We knew that yes we have seen a series of things that show the relationship has deteriorated if you were to try to put the different segments of the rift, you are up at almost double digits how many Different Things have become bones of contention and the second largest, largest some days economy in the world. A global nightmare we need them, they need us on a certain way it is official taking advantage on what the administration would argue from the markets persp
Casting this meeting. To protect the employees and the public due to covid 19 the meeting in the chambers is closed. Due to state and federal orders and directives. You can participate in the meeting through video conference. Comments are available through each item on this agenda. Comments or opportunities to speak during Public Comment period will be available during. Best practices are to call from a quiet location, speak clearly and slowly. Turn down your television and radio. You can make Public Comment in the following ways. Provide Public Comments via email, it will be forded to the supervisors and be included in part of the decision file. Thank you very much. Can you please call items one, two, and three together. Sus spendin suspending the ct policy and recurring expenditures. Item number two all estimated receipts and expenditures of the city by july 31. Item no. 3 annual salary ordinance and annual budget ordinance for the fiscal years ending 2021 and june 302022. If you wis