Vaccine. Finding a compromise. Agrees to slowly add more Oil Next Year after days of an stoxx. The Saudi Arabian energy miss mr. Process excruciating. Happy friday. It is excruciating for some of those journalists who stayed up late for that press conference. Look at where we trade friday morning. The s p 500 a bit over concerns roll outow pfizer will that vaccine. We are pushing a little higher this morning on the futures. Is this durable . What stands out is a record in the u. S. , a grim record of high infections as well as hospitalizations. Hospitalizations at the highest rate we have seen the entire time this pandemic. With rates increasing, that means more lockdowns of economies in cities and states. Gavin newsom in california warning california they could be next. The labor market, we will get a read on today. The november jobs report will come out today. Lets take a look at brent crude, testing 50 a barrel, 1. 9 percent higher. You had the opec plus meeting yesterday. Brexit ta
They call the process excruciating. Good morning, everyone. Happy friday. We have made it to friday. It has been quite a week. Welcome to bloomberg surveillance. I am Francine Lacqua here in london. The markets are focused on brexit, oil because of opec, and focus on u. S. Stimulus in the u. S. Stocks are holding gains, key data of course out of the u. S. , it is the u. S. Labor market. It is going to give us an indication of whether the economy needs support or not, and Oil Extending Gains after ninemonth high after this opecplus deal. I am looking at the dollar, treasuries pretty much nudging higher. A lot ofve a prett volatility because of brexit do we have a deal, do we not have a deal, have they walked out . It has been pretty unclear so far, talking about lastminute ships come up the british saying it is because of eu demands at the last moment, but it seems like it could be up in the air. Now lets get to the bloomberg first word news. Here is leighann gerrans. Hi, leighann. Leig
A controversial election victory what does that mean for people struggling on a crippled because. Also lufthansa says that by the end of this year it will slash 29000. 00 jobs thats a 5th of its total workforce and thats not all there will be more job cuts next year. And some exciting weekend soccer action in germany has been asleep by a lever whos scoring goals. And stopping on their way to 2nd place in the district i will tell you how they extended a remarkable unbeaten streak. Welcome to the program british and european negotiators will today resume talks to secure a post bragg. Trade deal with an agreement hanging in the balance the latest round of talks is taking place in brussels ahead of an e. U. Summit later this week the e. U. Is offering tariff free access to the Single Market in exchange for britain agreeing to e. U. Rules on state environmental and labor regulations britain will leave the Single Market trading block at the end of the minds. Joined by the. Nominee and brusse
Vaccines. Virus deaths hit a record in the u. S. And in italy. And finding a compromise, opec agrees to slowly add more oil year after days of tense talks. Saudi arabias Energy Minister called the process of excruciating. Welcome to the program, everybody. Welcome to the European Market open. It has just gone 7 00 here in london. German factory orders rising 2. 9 month on month. The estimate was for an increase of 1. 5 . That was better than anticipated. Factory orders arising year on year, 1. 8 . The estimate was 0. 2. We have seen a continuation of growth coming through. We will see what momentum is like in the further winter months. Another story out of germany, potentially more interesting, perhaps. Germany has agreed to extend a to preventr bankruptcies as the economy is hit by the second wave of the pandemic. Germany is extending its 37 billiondollar backstop for Credit Insurance by another six months in the month of june. The industry will surrender 60 of remittance to the gover
About the north bay coming up. Two coronavirus vaccines appear to be getting close to a fullscale production and some breaking news this morning a third player just announcing promising results with its vaccine. Bob redell is joining live with a covid test in pleasanton with those developments. Good morning, marcus. Astrazeneca and the university of oxford Just Announced that its vaccine is safe and triggering a similar immune response in all adults. This is according to preliminary data from a phase two trial that was just published. Pfizer say a final Data Analysis of their vaccines have found that it is 95 effective. Thats higher than initial results suggested. The companys plan to submit an application for emergency use in days and how to ship tens of millions of doses across the country and what would be well below zero temperatures for the vaccine to be effective. Also, how to convince skeptical citizens to get the vaccine. A vast majority would have to be vaccinated to achieve,