Entered a new wave of cases. Europes twin battles. E. U. Leaders make no progress. Chancellor merkel says finding compromise will be difficult as france and belgium are said to have urged e. U. Leaders to step up contingency plans for a nodeal brexit. Very good morning to you and happy friday. What a week it has been. Witharted the week off optimism and euphoria with markets on a high into vaccine news and we will be ending the week on a much more sobering tone. The news coming out in the United States, california imposing a new curfew, with pressure on officials. We wake up to a public clash between Steven Mnuchin and jay powell on unused lending funds and we saw that hit the futures market. S p 500 futures paring some of those losses. We have nasdaq futures relatively flat this morning. Treasury yields steady. In the pound, north of 132. We do have sources telling bloombergs that Emmanuel Macron is urging his e. U. Counterparts to start drawing up contingency plans for a nodeal brexi
Chairman of the Federal Reserve Jerome Powell is right now explaining why his committee has left near zero rates untouched. Our fed panel is monitoring every single word of what he sees and says as far as stresses on the economic system. Speaking of stress, tensions are still running high from arizona to pennsylvania. This video just in as crowds form in two states, where the administration is launching vigorous challenges. All right, heres the current electoral picture vote. Weve got four states, the key to the presidency. Nevada, pennsylvania, georgia and north carolina. They are still up for grabs on the path to 270. Biden leading 264 to President Trumps 214. Weve got new numbers in nevada showing that joe bidens lead has expanded to 12,000 as team trump seeks legal action there. But keep your eye on the dow and on the markets here because weve got team fox business standing by with up to the minute developments inside both the trump and Biden Campaigns. Blake burman live at the whi
Coronavirus vaccine trial. There are three weeks until the u. S. Election. President trump returns to the campaign trail in florida. President trump now, they say im a mean. I feel so powerful im immune. I feel so powerful. I will kiss everyone. I will kiss the guys and the beautiful women on the everybody and everybody. I was just will just give you a big, fat kiss. Good morning. Manus cranny is off on holiday. Its not even winter and england is introducing lockdown measures, including closing pubs. As the rest of europe, the United States deal with the resurgence of cases, wall street closed higher, with the nasdaq having its best athans april. All of this has me wondering its best day since april. All of this has me wondering, are Financial Markets diverging from reality . Johnson and johnson halting its Covid Vaccine study. S p 500 futures under a little bit of pressure. Msci asia relatively flat. The hang seng index has not traded at alternate due to a typhoon at all today due to
And local mayors criticize Boris Johnsons traffic light system for his chief medical officer says the plan does not go far enough. Down on itses streaming business, taking the fight to netflix. We bring you our interview with three weeks,ithin we will have a new u. S. Election. President trump returns to the campaign trail to fight that fight in florida. I am trump now they say immune. I feel so powerful. In there and kiss everyone in that audience. Guys and thehe beautiful women and everybody. I will give you a big, fat kiss. Matt we are just under an hour away from the start of cash weity trading in europe and are getting german Economic Data here. You take a look at your , you can see the cpian september harmonized wasnt dropped. We are not getting the inflation that the ecb wants to see here. You can see the futures picture is a little bit mixed. You do see euro stoxx 50 futures down. We see gains on ftse futures of , gains on dax futures are just fractional. But most European Equi
Certainly through the channel i mentioned. Thank you. Thanks for taking my question. Chairman powell, [ inaudible ] to the policy framework, is the fed open to other measures of the economy such as income inequality and affordability of housing . So we monitor everything we think is important in the u. S. Economy and in a broad sense, all of it goes into thinking about Monetary Policy. You mentioned inequality. You know, disparities in income and in Financial Wellbeing by various demographic and racial categories, something we monitor carefully, inequality which i would point to its a multifaceted thing but i would point to the relative stagnation of incomes for people at the lower end of the income spectrum and also lower mobility. So those are things that hold back our economy. They are. The thing is, we dont really have the tools to address those. We have Interest Rates and Bank Supervision and Financial Stability policy and things like that, but we cant get at those things through