it is where abigail smith adams was born in 1744. she lived her first 20 years of her life there until she married john adams and 1764. she continued to be connected to this house throughout her life. she visited her parents. this is a place where her character and ideals were formed. it is very important to her. we are an all volunteer organization, and we try and continue her spirit by offering educational programs. for seasonal tours, private tours. if you would like more information, please check out our website at abigail adams birthplace torque. when i first joined the abigail 's adam historical society a few years ago, despite knowing how prevalent slavery was in early new england, i'm still shocked to discover that there were slaves in the home where abigail adams grew up. her anti slavery sentiments are well-known. but her father, reverend william smith had at least for slaves. quito, tower, tom and phoebe. these individuals were important to abigail adams early life. in trying to commemorate and honor their memory by resear

abigail: it the cyclical field. yesterday it felt like technology was gaining, but so far in august, the top sectors for the month of august are cyclical sectors, such as industrials, energy. consumer discretionary is in , but the there reopening sectors are taking gain and also giving the idea support, the dow transport up until yesterday had been up 11 days in a row, the longest since 2010. that is the one index gaining come up 1.3%. investors hoping there will be a promise of a reopening ahead. that is what some sectors in the stock market are telling us. taylor: that is bloomberg's abigail doolittle. we are going to go to the chief washington correspondent, kevin cirilli. he is standing right at the white house with the landmark deal with israel and the uae. kevin: we are joined by jared kushner, lismore my the architects behind the q ae -- you ae -- he is one of the architects behind the uae-israel deal. jared: ofwas an honor to be a part such a breakthrough. it is the first agreement we have seen in the past 2

and these individuals were important to abigail adams' early life. and we try and commemorate them and honor their memory by researching their lives and incorporating information about their lives into our tours, and also offering a program on early new england slavery every year. so this year, we're very pleased to be able to have jared hardesty join us. i have wanted jared to speak for us since his first book came out, which is "unfreedom, slavery, independence in 18th century boston." and this year, the stars have aligned. jared is an associate professor at western washington university and the author of "black lives, native lands, white worlds, a history of slavery in new england" and i welcome you to give jared a warm welcome. [ applause ] >> good evening, everyone. thank you for coming. thank you to the hingham historical society and deirdre and michael and everyone here. this place is really swanky. really nice. and also, to the board of the abigail adams historical society/birthplace. i was told to say slash birthplace at dinner. it's a great

it's in weymouth, it's where abigail smith adams was born in 1744. she lived for the first 20 years of her life there, until she married john adams in 1764. she, she continued to be connected to this house throughout her life. she visited her parents lives, and she -- this is a place where her character and ideals were formed. so it's very important to her. so we are in awe -- volunteer organization and, we try to continue our spirit by offering educational programs, we also offer seasonal tours and private tours. and if you'd like more information, please check out our website at abigail adams birthplace .org. so when i first joined the abigail -- birthplace a few years ago, despite knowing how prevalent slavery was in early new england, i was still shocked to discover that there were slaves in the home world at -- her anti slavery sentiments are well-known. but her father, reverend william smith, have at least for slaves. cato, tower, taunt, and phoebe. and these individuals were important to abdel adams early life. and we try to commemorate them a

abigail: investors are excited about this stock having its best day. expected, 24 than .3% versus 8.3%. the outlook is strong as you were mentioning. a lot of strength for target and it seems like folks are really stocking up through the pandemic. and they are also doing it from an online perspective. helping lows as well, -- lowe's a good, and they put out quarter as consumers were improving their homes. up 35% versus the estimate of 21% of the stock being rewarded. even with lowe's big-ticket items up 135%. down seven point 5%, and it seems like the treasure craze fading out of luck. investors are not positive on the idea that the current quarter could be difficult and they are bringing down supplies for halloween. there we have target's numbers. 11%, but digital is unbelievable up nearly 200% as americans are shopping from home. brian cornell is encouraged by the online and encouraged by a degree of the strength that they had in the store. we have a quote from him talking about this, that again he is encouraged by the idea that folks are shopping in

i should say john and abigail adams.has been a journey such as i have never had before i never set foot in the 18th century before. when one goes into the 18th century you give up a great deal that is advantageous to the writing biography in the 19h and 20th centuries. there are no photographs, no old outtakes from television interviews. very few examples of what we take to mean as journalism to bear very little resemblance to the newspaper coverage that continues into our own time. but what it does have and in many ways are the letters and diaries of the people of the time but in the case of the adams it is possible because of what they wrote and their letters to each other and other members of the family and their diaries, to know them better than we can know any of the founders. not even franklin takes us into his confidence the way john adams did. he poured out his innermost feelings all of his life on paper. sometimes to his detriment to tell us more than he should. he was a wonderful writer as was abigail. either o

that is late abigail's letters are written.ow all of those letters written to her husband were written in large part because they were separated for so many years. the suffering they experienced because of their separation is to our advantage. because we as a consequence have the letters. but even when she was not separated from her husband, she would write to somebody else. she would write to her sister mary krantz for example prison the best letter she ever wrote. the point and she needed to write. she needed to work her thoughts out on paper. your feelings out on paper. this is a very, very important point for all of us. the fall had the experience. you start to write something r u find you have an insight or a thought that you never would have had you would've forced yourself to write that. something about writing focuses the brain in a different way. and when they wrote that letter it was a need they were filling in their own way of approaching life. i will ride it out and that i will understand it better. and it is why jo

it therefore fell to abigail to become the breadwinner for the family. she did some teaching, again, but eventually decided to move down to albany, oregon, a little town further south in the willamette valley, and she set up a milliner shop, a hat shop. apparently, she was quite successful in that business. she even traveled to san francisco to get supplies for her business. but an important thing happened when she interacted with the women who came into her shop. she became aware of difficulties in their lives. the head no life, no standing in the community. they could not own property. they were dependent on their husbands and their husbands goodwill to lead a good life, and she saw a lot of women suffering because of that. at one point she realized, if women could vote, they could enact change themselves and change lives to benefit all women and all people. so, she turned her attention to the suffrage movement. she moved her family back to portland in the 1870's. her first effort was to start her own newspaper. that was called the new northwest. this

and abigail scott duniway, the oregon suffragist, were on a swing through the pacific northwest. -- abigail didop stop at the bigelow house. we know that from her diary where she called misses bigelow splendid. aboutde a landmark speech women's suffrage. she said i understand the principles of self government. man has no more right to say a woman shall or shall not vote than a woman has to say of man. i know of no valid argument to deny franchise to women anymore than man. the greater the franchise, the greater the security to individual rights. susan b anthony address the territorial legislature. she and the bigelow's, along ,ith the other suffragists worked together to form the women's suffrage association, and they held their convention here in olympia in november of 1871. set a wonderful framework for advocacy for women who gained the right to vote. enactedterritory women's right to vote in washington. it was only women in wyoming and utah who had the right to vote after the civil war until women in washington. it was quite challenging, as you might imagine. there were concerns that wom

so, in a way, he continued to as theyon abigail, even were adults. in the 1900 campaign, i believe suffrage would've passed had it not been for harvey scott's editorials in the portland oregonian. ofyou tabulate the number votes cast, primarily in multnomah county, it was really what blocked the passage of suffrage that year. here is a letter abigail is writing to her son clyde -- this is the 1900 campaign and they are waiting for the returns to come in, and she says my dear clyde, last night, after anxious waiting for returns, during which the oregonian and your mad uncle have subjected the women of oregon to every form of -- with the four counties we depend on. she says, i was quite sick until i got the returns. despite the abuse of the oregonian, now i will set the coward up -- she was referring to her brother, harvey. change came about in a way that measures could be presented to the citizenry for voting. initially, when dunaway started out on her campaign work, she used what she called the still quietly getwas to in good with the men who had bee

and these individuals were important to abigail adams' early life. we try to commemorate them and honoring their memory by researching their lives, incorporating them into our tours and offering a program on early new england slavery every year. so, this year, we're very pleased to have jarod hardesty speak to us. i wanted jarrod to speak to us since the first book came out, freedom in 18th century boston and this year the stars have arrived. jared is an associate professor and is the author of black lives native lands, white worlds, history of slavery in new england. i'd welcome you to give jared a warm welcome. [ applause ] >>> good evening, everyone. thank you for coming, thank you to diedra and everyone here. this place is really swanky. really nice. also to the board of the abigail adams historic/birth place. i was told to say slash birth place. it's a great honor to be here. certainly, thanks to the audience here tonight as well. this is now the seventh book talk i've given in new england about this particular book. and almost every one of them

abigail doolittle running us. -- joining us.pple has been one of the companies driving the rally and apple just notified some employees that they plan to reopen a number of retail scores by the end of august. walk us through the day. again, recognize. hopes about a fast tracking of the vaccine and treatment. abigail: lots of optimism. the s&p 500 up for a third day. while it is nice to think that it has some of the do with the fast tracking of the vaccine and plasma therapy, it is interesting that the only major nasdaqo close down, the biotech index. the nasdaq 100, the new york faang index. course if youof own that stock into the close today, you are eligible for the 4-1 split which will take place next monday. that does not create any value but it seems that it is somehow more attractive. certainly attractive, the fact that they plan to reopen some of the stores they had closed. also, let's remember that quarter they put up, really stellar, even though there is not an outlook. over the last five months, apple is a double. i sa

abigail, thank you for that -- precious metals. vonnie: abigail, thank you for that. we will speak with israel's ambassador to the united states, ron dermer. this is bloomberg. ♪ vonnie: this is "bloomberg markets." low, but ineen august as you might expect. the turnaround for the nasdaq, down .2%. , ups&p 500 and the green 2%. a couple retailers are up. an idea that an activist might viacom and that story being put into the media. viacom shares of 3.4% right now. that is also given the s&p a little extra lift looking at the chinese yuan, trending lower. the agreement by israel and the united arab emirates to begin, lysing has been hailed as a crucial step towards peace in the region. it is being denounced by palestinian officials as a betrayal, however. us is israel's ambassador to the united states, ron dermer. thank you for joining. the secretary-general did welcome the announcement but did say he hopes it needs for palestinians for illegal -- for a legal understanding. does this bring us any closer? ambassador dermer: we are always ready to talk to the palestinian

abigail: they really delivered. the pressure was on.ince the last quarter that they reported, the last -- the stock was already up 46% after huge gains. this is the ultimate stay-at-home stock as folks around the u.s. and around the world want to stay connected. after hours, up 9.3%. i think it may be up a little bit more even, perhaps poised for the best day since march 23. they put up a big quarter, beating estimates on the top and bottom line. also very encouraging, as you mentioned, growth not abating. third quarter forecast on the revenue side absolutely hire. it seems that this stay-at-home darling is set to stay that way. tomorrow, the stock could be up 400% on the year. these trends absolutely continuing for the pandemic. emily: meantime, apple soaring on the back of it stock. tesla as well after a five for one stock split. the rest of the market, fairly mixed. what was happening? abigail: this is the last week of august -- the last day of august. the day before labor day. mixed markets. the s&p 500 having its first down day in

abigail: we have this record high. market watchers have been waiting for the s&p 500 for a week very closely. the nasdaq has been hitting record high after high. tech, especially with amazon and other tech names, really driving the gains for the s&p 500. morning the this s&p 500 briefly went negative after putting in an all-time high. we have this wall of worry. not only do we have no still is, a second deal is not on the table yet. we have a election jitters, u.s.-china trade jitters, the possibility of a second wave. it was not a robust finish for the s&p 500, that a record high. one day versions are a little high, given the others closed a little high. the last time this index put in a record high was almost two years ago. it's really the habs and and have-nots.vs technology is the land of best havs. amazon had its best day in about a month. it's not clear what was behind this except for more bullish momentum. hedge funds are really favoring amazon at 104 -- favoring amazon. 104 hedge funds have their stuff in amazo

, after that benjamin was involved in a farming accident, he became disabled, therefore failed to abigail to be the winner for the family. she did some teaching again but eventually decided to move down to albany oregon, little town further south, she set up a ha t shop, she's quite successful in the business, she traveled to san francisco to get supplies for her business and important thing happen when the women came into hat shop, she became aware of the difficulties women lead in their lives and she had no life and standing in the community, they cannot own property, they were dependent on their husbands and their husbands goodwill to lead a good life and she saw a lot of women who were suffering because of that so at one point she realized, if women could vote, they could enact change laws to benefit women and all women and all people she turned her attention to the suffrage movement, she moved her family back up to portland so this was in the 191870s, her first effort was to start her own newspaper that was a new northwest with her equal suffrage efforts, i believe many members of he

abigail: this is a great question. we have had this rally for stocks, not just out of the march lows, but more recently as the nasdaq has been carving out all-time highs. over the last five weeks, bonds have been rallying. a very persistent rally in stocks and bonds. many folks have been saying the rally in bonds has everything to do with the fed, but since june 8 the fed balance sheet has been flatlining, even down a little bit. you have bonds rallying. that tells you some investors are cautious. they are hedging the risk asset portfolio when you see bonds and stocks rally over a longer period of time, it tells you one side is more likely to be right. tomorrow's payrolls report might be one piece of the puzzle, and then the stimulus deal is probably the bigger piece. when does it come through and what are the specifics? david: i cannot let you go without asking about gold. gold went over 2000. what is going on with gold? abigail: gold has been helped out by the weak dollar. the dollar since the march high has been a h

abigail: only time will tell. i know it seems like they are isolated -- apple, facebook, amazon, and others that are not technically tech names but consumer discretionary names, but they seem pretty isolated. others are benefiting from the work-from-home trend. cisco is one of the best-known tech names out there. they have been reinventing themselves going into software, but they have not been eating up a record high going into 2000, but the question you ask is a good one. back in 2007 had a similar situation where they put up a decent quarter, the october quarter, where they reported in november, so right after the all-time highs, and then the outlook really seems to be a shot across the bow for what happened in 2008. let's hope that that doesn't happen here, that it is more isolated, and more a sign that this recovery, as so many economists have been say, could take longer as we are waiting with the students. apple what is extraordinary about apple, up more than 100% from the march lows, and this is not a small-

abigail: we are looking at stocks and goals. we are talking with stott -- todd.ile you and your family are safe and well. and relative the markets, all about these bank stocks. you say that is likely to continue, but you are worried about the s&p 500 index. talk to us about your broader market thoughts. apple, microsoft, they are the best in the market. right? we don't want to fight that. but importantly, for durability in the market to continue to the back half of the year and next year, we want to gauge what participation is and you want to watch the small-cap stocks, the equally waited s&p, and so far, we give it a passing grade. they are not keeping pace on a relative basis, but they have not broken down yet either. you don't want to get too bearish while they are hanging in there. today was a good day for them. as long as that is the case, we are in good shape, police heading into the next six to 10 months. abigail: something that has been helping stocks overall has been the deeply oversold dollar. we will look at your chart in the moment. but first, let's l

abigail: it seems like a lot is resting on the mega-caps, 25% of the s&p 500. ring rates into the picture. goes risko rates, so area i always bring in interest rates. i think they are on a long-term downtrend but on a short basis, they are projected to move up to 80 or 90 basis points. that is all i can give you on the chart perspective. the need to break out of of 1% -- they need to breakout above 1%. interest rates and high beta tend to ebb and flow together. if interest rate will breakout, it is good. what is low beta? it is the big five. that is the safety trade, to hide in technology. if the economy will improve, it will be demonstrators shown to us through interest rates. let's go further out on the risk curve, beta flow perform. you have type this into breadth and participation. if we are at all-time highs, trying to figure out should we be at all-time highs, with the election -- the only way you will have it is through participation. certainly a topic on the minds of many watching the markets. great analysis as always, thank you for joining us. taylor:

emily: abigail doolittle, thank you so much.alantirecap, officially filing to have a direct listing on the new york stock exchange under the listing pltr. of common3-4 classes stock. this is a company that is losing money. we will talk a little bit more about the ipo, going public pipeline a little bit later in the show. first, to salesforce. i want to bring in the ceo of groove, joining us to discuss salesforce results. your take away from the overall salesforce results? it is a company that has been benefiting in the midst of a pandemic as you see other companies scrambling to make the digital transformation necessary to survive in this world. chris: their earnings, they performed very well again. solid year-over-year growth. i think that is because they made this big transition to a highly diversified company that will do very well in this environment when many organizations are going through digital transformation and are looking to align with a vendor that is cloud first. salesforce's market cap is now bigger than oracle's.

abigail perrin and jessica olsen both work at the renowned francis crick institute here in london. looking after malaria parasites and working out how they live and grow in human red blood cells, so i think in early march time, there were lots of e—mails flying around various channels asking for people who had experience working with infectious diseases, who had the necessary training to handle potentially infectious samples, and myself and my colleagues here at the crick who had that experience have been helping with that first step in virus testing, which is just to make the samples we receive from patients and other people who are tested safe to go upstairs to the fifth floor of the building to actually have a coronavirus test. that sounds pretty crucial. jessica olsen, you also answered the call for volunteers. tell us what you've been doing to help with covid—i9 and where your skills came from. so, usually at the crick i work in a team where we produce genetically edited animals and cell lines to the rest of the laboratories to study human disease and development and the funct

abigail doolittle, thank you so much.ontinuing on this theme of chinese social media apps and their parent companies, tiktok now says they plan to sue the trump administration. with us now is stewart baker. a former assistant secretary for policy at the department of homeland security. first of all, what do you make 's claims, saying they could sue the president as soon as tomorrow. is it actually unconstitutional or is this well within the president's power? stewart: it is certainly within his statutory power. anyone can argue that they have binge -- they have been treated unfairly. all that is really required under the executive order is a determination that tiktok is from an adversary nation and is posing a risk to the national security of the united states or to the security of americans. tiktok has had a lot of problems handling data. it is subject to chinese law to a degree that makes it kind of hard for them to argue that none of those things were irrelevant. i am guessing that that lawsuit will make a lot of noise

abigail laid it out. than oneate just fewer million people filing for unemployment is a remarkable sign of the times. that has to put pressure on lawmakers in washington to get a deal. i do not think it is going to. it does not seem to be. levels are so high. as this has gone on so long, we have lost the threat of the idea we would have a temporary blip that would recover quickly. people have lost their jobs six months ago even are rightly realizing there might not be a job to go back to. some sort of action is incredibly necessary, and obviously the parties are nowhere near agreeing on anything. oflor: are you thinking some the improvement in the data we are seeing in the american economy is taking the pressure and urgency off of congress for a compromise? -- oren: that seems to be the case right of center, where i think republicans, and this includes the white house, have tried to take the position the root properly -- the recovery is underway, and a mission accomplished moments, which does not make a l

abigail doolittle is here with the report on the retail sector. abigail: it is interesting.have mixed messages coming from retail. it is not clear whether the economy is bouncing back and will stay bounced back, or if we have a near-term blip. relative to individual earnings movers, it is a story between haves and have-nots. target and blows put up take quarters -- target and lowe's put up take quarters. on the other hand, t.j. maxx, the treasure hunting seems to have ended. they were doing well out of lockdown. it seems in the current quarter they see sales dropping 20%. ross stores reports tomorrow. the discretionary spending which could help the economy power seems to be faltering. it is unclear. david: apart from individual company earnings, what about retail sales overall? are they back to where they were before the big downturn? abigail: they are. when the shutdown started retail sales in the u.s. on a month over month basis absolutely plunged in april, down 15%. then there was a sharp snap back in may, up 18%. in july up 1.2%, missing the estimate of 2.1%. a little bi

abigail doolittle has been following the back-and-forth. markets turned sharply lower at the close.bigail: we have seen a little bit of a risk on reaction to the harris.ment of the s&p 500 futures down about 0.9%. funds also a little bit lower. a little bit of a risk on move on that announcement. on the day, not that much. 100 down for the third day in a row. theical sectors such as financials. apple down about 3%. factore isi, flagging the that there could be a slump. another piece of it. silver, the futures have reopened on the day. for the day that just was down 15% for spot silver. the worst day since 2008. ,he connection to technology too far, too fast. you would not think these are risk assets. what i would say gold, silver, and apple have in common, they are fed liquidity assets. silver up 150%. they chart in a very similar manner. this suggests something similar could be ahead for apple. even though the fundamentals are great, perhaps a little bit ahead of itself. emily: i know you will be watching how the markets are digesting this news. there was some pessimism, senator mi

abigail doolittle joins us. abigail: it has everything to do with the cloud.ay is a cloud-based company having to do with human capital, financial management and the like. they put up an impressive quarter. a piece of debt topline growth, they put up more than 20% topline growth despite the pandemic or perhaps being helped by the pandemic. while we are looking at a sequential decline, it is impressive they were able to put up double digit growth for the quarter. relative to the pandemic, it is not just software doing great during the pandemic, other industries are also doing well. on top we have hardware and in terms of that performance, much of that has to do with apple. nearly double and apple off of their march low. we also have consumer durables, auto transportation, retailers, and transportation and software. over the last five months, software is up 66%. workday a piece of that with today being the best day since march 2016. if we hopped into the bloomberg terminal, analysts, not surprisingly, are very encouraged on the report. typically you see a gap be

abigail doolittle joins us to give a closer look.bigail: those investors are probably pretty happy because going into the stock split, the stock really climbed in a significant way. up 30%. 5% of that happening on the day. because the stock split doesn't create value, leon cooperman put it really well, if you take a five dollar bill and you have one five dollar bill as opposed to the five dollar bill, do you have more money? no, you have the same amount. there was some thought that there could be sell the event. that's not the case. apple continues higher. a psychological effect. folks want in on the world's largest publicly traded company. as for prior splits and what happens for apple, and month later and year later, generally it has been positive. the first split in 1987 month later, their stock was higher. that was true too in 2005 for a year later and when he 14 for a year later. the one noticeable outlier was into thousand. -- was in 2000. apple technically is very overextended. they put up a great june quarter. they did not pr

abigail doolittle is here. it looks pretty good. abigail: risk on mode indeed.have the bulls back out. stocks are sharply higher. the new york faang index on pays for its best day in two weeks. that is what is leading. over last week there has been more of a cyclical tilt to stop gains, meeting the financials industrials are in charge. the dow is lagging, just .9%. the s&p 500 up 1.5%. the nasdaq 100 leading the way, up 2.7 percent, being helped out by tech. that is the best sector on the day. the worst sector is financials, energy, and industrials. the new york faang index up 3.5%. this will lead to questions on the part of some folks in wall street. will we see this year's defense and tech trade takeover, or will the cyclical rally continue? it seems to be back and forth over the last couple of months. david: a big question in wall street. the question is what is going on in washington. it surprises me we thought we would have a stimulus last week or the week before. now we are talking about going into september, maybe the deadline of shutting down the governm

abigail doolittle is talking about tesla, the stock of the hour.gail: it closed above $200 per share for the first time ever yesterday, and over the last eight trading days, up 50%, this since they announced a five for one stock split for investors wanting in. they beat delivery estimates. another momentum stop that put up a strong quarter was apple. we have tesla actually beating apple since the four 41 split, up 27% relative to the 50% from tesla. so, folks want in on these momentum stocks. as we go into the terminal, we can see that the higher stock prices we have seen recently have not been leading to more splits. there are only five this year, tesla and apple, old dominion, as well as brookfield management and one other, pretty interesting. so what is leading to tessa's stock split is probably the incredible run and has had this year. take a look at this, out of the march lows, this is actually a one year chart, up 842%. it is incredible, especially considering around one year ago the company was questioning whether or not they had sustainable

director of the department of emergency management mary ellen carroll and abigail here do you to the bad air quality due to the wildfires. you can submit up to two questions by chat only. submit them as clearly as possible and include your name and outlet. we'll do our best to take your questions in the order received until the q&a begins. we'll be happy to take your e-mails. welcome, madame mayor. >> thank you, very much and good afternoon, everyone. fire season unfortunately has begun in the state of california. and with that here in san francisco comes challenges with our air quality. in a normal year we'd be able to focus entirely on the air quality challenges but as you know we are not in normal years. we're living in covid. even as we have been focussed on responding to the covid public health emergency, we haven't lost sight of the need to respond to other emergencies. whether that's an earthquake or air quality event due to wildfire smoke. in san francisco we know we have to be prepared. now, i want to start first by recognizing that while our air quality here in the city is

abigail and jeff, thank you so much. have a good sunday. now to decision 2020. new reaction to joe biden to president trump's ongoing attacks and claims on his mental fitness and age. the big question, as i say good day, how is biden responding to this? >> hey, alex. we're here in washington, d.c. and so joe biden, this question of his age and mental fitness for office, that's something that's been coming out throughout the entire primary all through last year. what we're seeing is it kind of bubble up again with president trump and his supporters. i was in wilmington last week during the dnc and there was a plane flying over the convention center that said biden is losing it, vote trump 2020. so this kind of messaging is something that's been growing within trump's base. obviously as we go through the week and into the rnc starting tomorrow, joe biden and kamala harris did a joint interview and he responded to some of those attacks from president trump. take a listen to what he said. >> watch me. mr. president, watch me. watch us both. what we do, what we know.

abigail: the bulls are just out. nasdaq 100 for the on tech strength.onds slightly higher as well. that points to the uncertain d, will a deal get done? down into this quarter about 20% year on the year. they just reported what some are calling a doomsday quarter. however, it is not as bad as feared. a big piece of it, those subscriber and streaming numbers. a modest miss, but right in the ballpark. million more than 100 streaming subscribers. the fact that it is less bad, you have that stock up. a good quarteron but not quite enough. the engine and team -- the management team was talking about economic uncertainty clouding the near future. emily: we have been waiting for "mulan" to come out in theaters. that has been delayed a couple of times. it will be out in some theaters but also they will release it streaming for $29.99. abigail: match group and beyondmeat are moving in the opposite direction they are still going in the direction. match group, they missed. tender sales growth down for the fourth quarter. the stocks are up. down 7%.at there was thi

vonnie: abigail doolittle, thank you for that. our stock of the hour.reminder that colleges are being hit badly in this downturn. let's take a quick look at the market before we move on to subjects. the s&p 500 still in the green, up a quarter of 1%. the dow jones down 1%. the nasdaq continuing to go higher, .6%. coming up, we will have a look at the potential nomination of christina freeland to take over bill morneau after a spat with the prime minister, according to people familiar with the matter. this is bloomberg. ♪ you doing okay? yeah. this moving thing never gets any easier. well, xfinity makes moving super easy. i can transfer my internet and tv service in about a minute. wow, that is easy. almost as easy as having those guys help you move. we are those guys. that's you? the truck adds 10 pounds. in the arms. -okay... transfer your service online in a few easy steps. now that's simple, easy, awesome. transfer your service in minutes, making moving with xfinity a breeze. visit xfinity.com/moving today. where you can find games, news and highligh

greg: thank you for that, abigail doolittle.sident calling on the un security council to renew sanctions against iran, to force them back to the negotiation table. key allies say they will not go along with a plan to reimpose sanctions. for more, we bring in bill faries. where are we at at this hour? this is a fast-moving story. bill: mike pompeo is heading to the united nations today. he will hand a letter over to the u.n. secretary general ofling for this snapback sanctions on iran. basically that starts a 30-day clock or the un security council to take up this debate. they will most certainly reject the u.s. proposal and try to get the iranian nuclear deal extended as it is. that will probably get vetoed. then we enter uncharted territory. the u.s. claims that will essentially kill off that 2015 nuclear deal. every other member of that agreement, including america's european allies, say that america does not have that standing. essentially we have two upcoming deadlines. then a-day period, and 13-year-old arms embargo on iran

turn to abigail doolittle.t looks like we are on the rise of flirting with a new record, but if the same time you say it is a bit defensive. abigail: waiting for that record a few days now, and on an intraday basis including today, the s&p 500 briefly above the record closing high level, but we're still not able to get there. investors want to see if we can push forward. you mentioned the fact that we have technology, and that is this year's defense, the big tech companies along with amazon come alphabet, facebook, which are technically communication companies, at least facebook and alphabet. those are on the rise today. the cyclical sectors are dropping. banks, of that, the warren buffett, berkshire hathaway and the second quarter really pared back on the financials. ony entered gold, so bearish gold, something warren buffett is known for having avoided in the past. there is ats defensive position. the s&p 500 near its all-time high, not paying much attention. you could make the case too far, too fast. it took

abigail: today not so much.m a broader brush stoke standpoint, and white have to present -- preface this by saying this is more of an art than a science, the biden campaign is talking about taxes going up roughly $3.5 billion. that would obviously be a hit from a broad brush stoke standpoint it looks like it will be more income tax for the wealthy, taxing more inheritances, the capital gains tax will be taxed as ordinary income, and killing tax breaks. 800bulk of this will come, billion is broken down from the biden campaign. then 700 30 billion from the corporate tax rate being raised to 28%. another one receiving some billion for310 capital reduction for the oflthy, and -- the rate 39.6%. as of halep this could affect the market, it sounds like it could -- as for how all of this is affecting the market, it sounds at first bryant's like it could be no big -- at first glance like it could be negative. markets over the last couple of years a real roller coaster ride. whoever wins the presidency, it looks like it

it is time for smart charts with abigail doolittle. abigail: thanks so much.ng us today is the chief market strategist at stock charts.com. great to have you with us. briefly, the s&p 500 had exceeded its record closing high. then retreated slightly below, even though we do not have a stimulus deal and there is lots of uncertainty. what do you think more broadly for the markets? will this rally continue? david: so many people are focused on the key s&p 3400 level. if you zoom out on the chart looking at the long-term history of the markets, that level looms large. i think what would satisfy youyone is your -- as if are long-term bullish or bearish, the best thing is a bit of a pullback. not a little more, which would give enough of a pullback to reset and reevaluate where we are at. trend wouldhe continue and it would appreciate better. it would be more attractive with a bit of a pullback. if you are bearish, you would like to see that first leg downwards. what is not surprise me is brent has remained very positive. almost two thirds of s&p names are above the

abigail: everybody waiting for that potential record for the s&p 500. stocks really climbing this wall of worry. the s&p 500 hitting this area of resistance. the polls fallen short of being able to take out those old levels. s&p 500 up about euro .3%. nasdaq once again closing at a record high, up 1.1%, really being helped out by some of those mega cap tech stocks. china, so muchs, for investors to worry about. they are going again toward this year's defense of technology. the vix down a little bit today but still relatively elevated. couldxperts say that we see some sort of pullback after this huge rally out of the march lows. if we go into the bloomberg terminal, some are wondering whether it is too far, too fast. the top panel of this chart, valuation on the s&p 500. it is super stretch. 27 times forward pe. exactly where we were in the tech bubble, supporting perhaps the idea of too far, too fast. fed liquidity helping out the economy and financial markets. now we need this new stimulus. talking about double-dip recession if we don't get it. emily:

abigail: indeed.robably not too much influence in the markets today because earlier today on the open, really small moves. it was as the day got going that the gains continued, especially for the tech stocks on the day. a real head scratcher because we have a they were we do not have any positive macro data on economic front, and we also don't have any negative data relative to the macro either except for the further out uncertainty around the election and u.s. and china relations. here we have the big tech stocks you were talking about once again climbing to the nasdaq 100 and faang index both at record highs. the faang index now up 115% since its march low. apple is just incredible, up more than 5% today. split does notck create value. interesting to see investors jumping on this stock ahead of that event for sure. nvidia making up for some lost ground after they reported. on the other hand, those are the stocks helping. on the other hand, some of the well-known stocks lagging just a bit such as mic

our bloomberg markets correspondent abigail doolittle is with us. abigail: more record highs. i think you nailed it, talking about the fed liquidity. that has been the driver for the rally, right out of the march lows. the fed successfully stirred the animal spirit. take a look at that. the s&p 500, a new record high at 3480, up 1%. the nasdaq up. the fang up 3.8%. that will real winner, facebook up 8.2%. it's best day since march. it could have to do with their new facebook shop added to their app. the analyst industry is very positive of what this could mean for the company. when you have the frothiness in the stock, it tells you investors are chasing us momentum. we are seeing something that we have not seen in about a decade. that is the nasdaq 100. so far extended above its 200 day moving average. in 2009, farck exceeding the extension we saw a earlier this year. sometimes it will just go further and further and farther than you think. when you compare that to coming out of the financial crisis of 2008, we are now exceeding that in terms of the degree of overextension for

director of the department of emergency management mary ellen carroll and abigail here do you to the due to the wildfires. you can submit up to two questions by chat only. submit them as clearly as possible and include your name and outlet. we'll do our best to take your questions in the order received until the q&a begins. we'll be happy to take your e-mails. welcome, madame mayor. >> thank you, very much and good afternoon, everyone. fire season unfortunately has begun in the state of california. and with that here in san francisco comes challenges with our air quality. in a normal year we'd be able to focus entirely on the air quality challenges but as you know we are not in normal years. we're living in covid. even as we have been focussed on responding to the covid public health emergency, we haven't lost sight of the need to respond to other emergencies. whether that's an earthquake or air quality event due to wildfire smoke. in san francisco we know we have to be prepared. now, i want to start first by recognizing that while our air quality here in the city is a challenge, we

abigail and jessica both work at the francis creek institute in london.aljob is looking after malaria parasites and working how they live and grow in humans. early march, there were lots of e—mails around asking for people who had experience working with infectious diseases and who had the necessary training to handle samples. myself and my collea g u es handle samples. myself and my colleagues who had that experience have been helping with the first step in virus testing which is just to make the samples we receive from patients and other people who are tested, patients and other people who a re tested, safe patients and other people who are tested, safe to go upstairs to the fifth floor of the building to actually have a coronavirus test. that sounds pretty crucial. you also a nswered pretty crucial. you also answered the call for volunteering. what have you been doing to help with covid—i9 and where your skills came from. usually, iwoke in covid—i9 and where your skills came from. usually, i woke in a team where we produce genetically edited animals to

abigail chuckled at the fact that it came back to bite him.usan: under the system jefferson helped create, newspapers became participants in, not just observers of government. what did you mean by that? harold: the first episode goes back to the washington era, where he funded a fellow, he was french, james madison's roommate in college. he got him to move to philadelphia, start a newspaper, to oppose the federalist newspaper pretty much praising everything washington did. he encouraged him. he later encouraged an interesting newspaperman, the grandson of benjamin franklin, who started his own newspaper in philadelphia and quickly turned against george washington viciously. he employed james calendar for a while. when jefferson ascends to the presidency, he decides since he is now in washington, d.c., he leaves the newspaper infrastructure in philadelphia as it is. he doesn't want to move it wholesale to the new federal capital. he wanted to stay in the biggest city in the country, philadelphia. he creates a new jeffersonian newspaper in washi

abigail doolittle has the story. abigail: shares are up 7%.his stock is up more than 100% this year, more than 170% off of the march lows, and it is a $300 billion cap company. analysts are excited ahead of the report on wednesday. white we have nvidia, in blue, the average price targets. so, the stock is above the abovee price target, 17% 420 three dollars, which suggest maybe the market is a little frothy. work in have analysts conjunction along these lines, similars it suggests conversations have been had, but it seems like analyst are using this stay-at-home idea. most of their revenue comes from gaming. if the percent of their chips come from gaming. 27% is the data center. a lot of pressure for them to in some automated areas. similar to some tech companies this year, i should say, this is the top performance this year. docusign was up more than 200% this year. nvidia up by 170%. that is matched by zoom. the nasdaq 100, not too shabby, but up 60% barely makes it. it is a pretty amazing context we have seen from these companies, begging t

here is abigail doolittle.il: you do have the solid push to european indexes, but beneath the surface is much bigger movers. galapagos absolutely plunging, the worst day since 2011 after the fda ejected their arthritis drug, investors clearly not liking it. rwe, the german utility stock, also lower after they sold shares to fund their -- renewables. investors not liking that. love tom's that has settled with the pout -- lufthansa has settled with the powerful pilots union. delta saying they will add flights to china. there is a bitly of an airline rally. maersk -- the stop being rewarded for that. one of the top -- one of the top performer sector wise, food and beverages. a piece of this might be a u.k. government program helping out diners and particularly food service workers. this is the open table reservations booth in the u.s. and the u.k.. in white we are looking at global and in blue we are looking at the u.k.. the program and u.k. government to help dining started in the beginning of august. they went f

abigail: there is a bit of a haven bid. you have stocks higher and bonds higher, not everybody's believing it. what will it tells about the economy and will we get a stimulus deal done? david: the saga in washington continues over the possible next round of fiscal stimulus with republicans and democrats saying they may be moving closer on some issues but not so close on others. we welcome senator rick scott, republican of florida for the latest. thank you for being with us. give us your sense of where the negotiation is an most important, what is the biggest chasm between the two sides? sen. scott: here is what is frustrating. make -- toneed to take care of our small businesses and reopen the economy, and what schumer and below sea are talking about his election reform -- schumer and nancy pelosi are talking about is election reform, these are issues we should be talking about, but this is about our economy and covid. last week it was so frustrating because we were not done. we knew the additional money we put up was going

abigail: there are two pieces to their investing on this quarter.iece is the fact that they cashed cached back -- back some of their investments including zoom video that accounted for nearly $700 million in revenue. the biggest piece is they are well-known by some and not so much by others for the fact that they have done so many acquisitions over the last few years. $26 billion worth of acquisition . one software being the largest. many are saying that this diversification away from just quarterin this past into the cloud is what helped drive these record results. lisa: thank you so much, abigail doolittle. meanwhile, let's turn to mark cuban. he told david rubenstein about the investment opportunities in tech amid the pandemic and the latest episode of the david rubenstein show, he'd appear -- conversation. >> you have a big investment business and you have said probably your gigantic investor in netflix and amazon and other companies and you have advisors that help advise you or you make your own decisions? mark: i make my own decisions. i used