‘Bloomberg Markets: The Close’ Full Show (5/13/2020)

‘Bloomberg Markets: The Close’ Full Show (5/13/2020)

DEBT GETTING A BIT AS WELL, UP. THE FEDS BUYING CORPORATE CREDIT. THE TWO-YEAR YIELD MOVING LOWER. LOW INTEREST RATES MEAN THE. LET'S CHECK IN WITH MARK BARTON. CASES IS SPARKING FEARS OF A NEW. BUS AND MAIL SERVICES HAVE BEEN. CRUCIAL ROLE IN REVIVING TRAVEL. CAMPAIGN CHAIRMAN HAS BEEN. GLOBAL NEWS 24 HOURS A DAY.. DR. FAUCI, JAY POWELL GAVE. >> SUCH A GREAT QUESTION.. DIFFICULT TO ANALYZE ON A. DAY-TO-DAY BASIS BECAUSE WE HAD. LARGE OUTSIDE MOVES IN STOCKS ON. THE WAY UP.. SOMETIMES WITH NO FUNDAMENTALLY. DRIVEN REASON.. MAY BE SHORT COVERING, MAY BE. CASH FLOW POURING INTO. INDIVIDUAL NAMES, BUT NOTHING. THAT JUSTIFIES A 30% PLUS. RALLY. WE HAVE HAD OFF THE BOTTOM.. WE THOUGHT WE WERE BOTTOMING.. WE APPRECIATE THE RALLY.. THAT WE HAVE ALSO SAID. CONSISTENTLY WE THOUGHT WE HAD. GOTTEN A LITTLE AHEAD OF. OURSELVES ON THE WAY UP.. THE FACT IS THERE ARE TOO MANY. UNKNOWNS AS IT RELATES TO. EARNINGS GOING FORWARD FOR THE. SECOND HALF OF THIS YEAR AND. INTO NEXT YEAR AND AS IT RELATES. TO REOPENING.. WE HAVE BEEN VIEWING THIS MOVE. IN THE ECONOMY NOT AS A V-SHAPED. MOVE BUT AS A STAIRSTEP SHAPED. BOUNCEBACK.. I THINK