Short two to three week circuit breaker. The northwest of england, the northwest, the northeast. The list is growing longer. Tom it is going to be interesting. To say the least, the lockdown in america is not a lot done but is very regional, as mentioned in the debate last night. The upper middle west really hit hard right now. In new york city with our news, ritika gupta. Ritika President Trump and joe biden covered a wide range of issues in last nights second debate. Amongst them, racism, corruption, and the manner in which the president handled the coronavirus. Trump no choice. We cannot lock ourselves up in a basement like joe does. He says we are learning to live with it. People are learning to die with it. He also said the vaccine would be coming in weeks. In that of a guarantee is that a guarantee . Pres. Trump it is not a guarantee, but by the end of the year. Mr. Biden anyone responsible for that many deaths should not remain as president of the United States of america. Ritik
Anybody responsible for that many deaths should not remain as president of the United States of america. Annmarie the second president ial debate is heavy on policies like the coronavirus and policy, but will it make a difference to voters . We are 11 days away from the u. S. Election. Curfews have spread. Governments deploy more restrictions as coronavirus cases search around the con continent. D the france approaches 40,000 new cases for the first time. Barclays reports thirdquarter results amid the pandemic today. Investment banking revenue should offer reprieve. We will ask jes staley what is left for him to do at the bank. Just gone 6 00 a. M. In the city of london. Very good morning to you. If you are just looking up in tennessee, there was a much more composed and coherent debate, a contrast to the chaos that ensued in the prior one. The first topic was the coronavirus, which is once again taking center stage in europe as well with cases soaring. That is the news. Lets take a lo
Highs on the news with the money flowing to value and cyclicals. Havens are clawing back some ground today. Retaliation. The European Union will impose tariffs on 4 billion of u. S. Goods starting today. The eus trade achieve calls on both sides to drop countermeasures. A very good morning. If you think about it, we had that tantalizing, parabolic move, i would say, in this market yesterday evening. I was here late. Isar rationing around the markets i saw rationing around the markets. This morning, we face i suppose reality. Feels like a massive night out and this morning was a bit of the hangover reaction. Michael purves says it perfectly, talking about the vulnerabilities of the vaccine narrative. If the republicans gain control of the senate, this is very much so for them less onerous to want to do a fist lee onus less onus for them to want to do a big fiscal package. Lets take a look at what we did see yesterday, that euphoria manus is talking about. I want to show you the close ye
Europe, up by 2. 5 . Todays number from barclays, very strong. We are going to hear from jes staley a little later in the program, our interview from early round. The pound bouncing around all over the place. We were into 1. 31. I think this is broad Dollar Strength rather than anything else. Take a look at the bloomberg dollar index. Alix rising covid cases impacting the economic data. Composite pmi for the euro area dropping below the 50 mark, which shows contraction. Meeting. O ecbs next joining us is john hardy, Saxo Bank Head of fx strategy. Does 1. 18 make sense for when you consider the rising uncertainty . John of course, the pressure should be on the downside given the covid resurgence. I think the general take on the could be that if we are seeing this democrat sweep scenario, we are positioning for a weaker dollar for some time in the future. Anything looks fair between 1. 17, and to me, this is the upper area of where we should be. We shouldnt be doing anything and eurodoll
Stocks into value encyclicals keep up . Havens are bringing back some ground. The Federal Reserve warns there could be major downside for asset prices if the Economic Impacts of the virus is not mitigated. Will a vaccine or stimulus come soon enough . Welcome to the program, happy tuesday. Picking news from the u. K. , jobs data giving us a picture of the damage done or avoided on the u. K. Economy. The unemployment rate, a three month figure, we get an ,nemployment rate of 4. 8 exactly what was anticipated. It was on the rise. Very cushioned by the furlough scheme over the summer, and the end of september. Where we are on the jobless claims number, we have i go to this because we do not have survey data but it is interesting because it is october data, a little more impactful. The jobless claims change down by 29,800. , that looks lower than the prior period. Some of the data seems an improvement on the previous period. I go to that redhead line on the u. K. Unemployment story. 164,00