Little bit of buying pressure, 1. 61 . The s p is up by 6 10 of 1 . If you take a look at the sector breakdown, it will be a little more defensive than the headline numbers will indicate. , talking about the fact that the ecb is taking the currencies single level into account. Alsolso ha watching what is happening with the pound as well, and the russian ruble, because we have seen the ruble coming under pressure as a result of what is going on with the navalny poisoning, germany confirming unequivocally that as a result of recent tests, they are now able to confirm that he was wasd with not a poisoned. Will that result in sanctions . A big move, big move against the ruble. We will come back and talk about that later in the program, alex. Alix Prime Minister Boris Johnson and Opposition Leader are facing off today in the house of commons for the First Time Since july, and that comes as johnsons government announced another uturn and policy, as you were just saying, keeping local lockdow
Still, 2000, he little bit of a base there. Coming on the program, we will speak with the Deutsche Bank chief International Strategist. Ceo, it Bookings Holdings on the state of travel. President trump considering a move he decided against last september, cutting the gains tax after saying it would not do enough to help the middleclass. Will hear about that in the upcoming few weeks and i think it will be exciting. Gains tax will be, a lot of people put to work, and a cut in the Capital Gains tax. Talks are stalling out between republicans and democrats. I want to bring in our Bloomberg Contributor for more. Little bit of deja vu. We heard this is in september 2017, he started to warm up to the idea and then reversed course, saying it would not help lower and middle classes. Into thousand 18, they briefly considered something along the lines. A bit of deja vu. I am not terribly surprised. As much as President Trump has moved away from the idea, he has indicated he could change his mind
Being pushed between them and the u. S. With a new cold war. Wang yi, the foreign minister , warned the u. S. Not to cross beijings redline on taiwan. In the u. K. , Oxford University has reportedly run into a hurdle are developing a coronavirus vaccine. According to the telegraph, a decline in infection rates may make it difficult to prove whether the vaccine is indeed successful. A is said that there is only 50 chance of coming up with an effective vaccine. Japan is issuing a state of instituting masses massive testing, but its death toll is far below 1000. Global news 24 hours a day, on air and at quicktake by bloomberg, powered by more than 2700 journalists and analysts in im than 120 countries, leighann gerrans. This is bloomberg. Nejra . Nejra leanne, thank you so much. We are seeing clear risk on an todays session. Bear in mind that the holiday in the u. K. Of the u. S. Will be thinner liquidity, but even with the emergence of geopolitical risks with regard to hong kong, euros o
That is what we saw with adp, not as bad as we initially thought. The banks talk about of canadas decision coming out as well. You could see that in the top righthand corner of your screen. Unsurprisingly, the bank of canada keeping rates on hold and the economy is starting to reopen. The bank of canada looking for more information, its a status quo decision with Interest Rates left at 25 basis points, at the bottom end of the range. They are unlikely to go any lower when we have a new governor coming in, macklin is coming in and is likely to resist negative rates. Scaling back some of the Market Operations at the bank of canada with covid19 impacts, it appears to have peaked. Interesting, could you imagine . The dollar cap is down two point 1 2. 1 . A twomonth high as what we are dealing with and also oil prices are vacillating everywhere, but the spread continues to widen and we are now at the widest is this manufactured by the fed or is it a comment on longerterm growth . We are goi
Also, the Capital Management founder as well. We still waiting for world bank headlines, which i dont think in the meantime we are working it out. We are chatty, trying to figure this out with the delay. We will bring you them as they cross. Now we want to bring in michael spence. Spence, it is a pleasure to have you here. You have written quite extensively over recent weeks about what covid and the recovery of the pandemic looks like. Now in the u. S. , streets are literally burning how do these to reconcile themselves as they we try to recover . It certainly wont help on two counts it wont help with economic recovery, and secondly, although i am no scientist or epidemiologist, a number of them are saying we could, as a result of the very large demonstrations, have an additional outbreak which would require policy action to contain that, and that, in turn, would have an adverse effect on economic recovery. That is not the main event of these protests, obviously, but the side effect mi