Joe biden says hes feeling good. Higher. Looks to be texas, florida, and arizona are among the states reporting big numbers with no signs of disturbances so far. And the other major story today, groups in hong kong and shanghai demanding capital control, throwing jack mas empire into turmoil. But, of course, there is one story it is the u. S. Election. Election day coming to a close in the u. S. Some of the polls closing and the key battleground states and over the next hour or so and starting to see whether the ballot shows a shift to what the markets have really been pricing in, which is that strong blue wave. Take a look how we are setting up after the u. S. Had the biggest twoday rally and since september led by financials and bank shares, treasury yields. On anticipating that as soon as the election is Done Congress will deliver a spending bill. Shery, a lot of the action going to be in currencies. Shery definitely chinese yunaa, one to watch. We are watching the Immediate Reactio
Message in the market that we need to Pay Attention to i think its interesting because last weeks the markets were so weak and everyone felt so despondent that this week was going to be just a replay of last week. I think that as the election is here today, people are settled, i think, into the fact that we will have a result i thisnk the market thinks we will have a result in the next 24 hours i think we all have fatigue from this election and i this i just havi i think just having a decision is what the market is pricing in now and after the decision, well go from there. I think the market is positive for clarity. It may not be clear but well see tomorrow what actually happens. Unless the market is getting ahead of itself. If you go by our cnbc states of play poll, only one in five think youre going to have an answer tonight on election night. The market seems to be acting over the next couple of days like were going to go to bed knowing who the next president will be or donald trump
Suspending ant Group Listing major issues, this is days before the largest ipo of all time well give you the latest details. And social Media Election strategies how facebook and twitter aim to tackle misinformation on their platforms as voters head to the polls and beyond whatever beyond means, carl. David, thanks guys, were going to be talking all day and all night about arizona, florida, georgia, North Carolina, jim, goldmans got a note out just now saying because it would be difficult if the president does not win any of those states, quote, there is a good chance the election outcome will be clear on election night. Right, i think that thats what the market is saying. So the collectionive voice of the market, both yesterday and not just the morning, but when the nasdaq rallied in the afternoon and today with the futures, people say, we cannot afford after last week with the market being down, we cant afford to wait for the outcome we have to presume the outcome is going to lead to
To the upside. Other news coming through about approvals for future houses as well. The asx up 119 points. Thats move along and look at other Asset Classes. Crude trading yesterday with a 33 handle, hasnt had a huge rally since then. Part of that is down to russia and opec looking like they will not be hiking reduction in january. That news helping to propel oil prices up to over 97 in the last six hours or so. ,old remaining where it was just shy of the 1900 level. Thats ahead of the u. S. Election. The u. S. Dollar index marginally down, the Rate Decision coming expecting a 0. 15 cut in the base rate and we do have in anticipation of all that move slightly higher than that, and thats down to a commodity related currency and the crude price helping that along. Lets head over to new york and join karina mitchell. We start with the latest headlines on the pandemic. Starling fell to its weakest in the month, with an economy already reeling from similar measures earlier this year. France
Now, boxes and boxes of ballots and the voting continues. Voters in green bay, wisconsin, they are doing their most cherished civic duty. Americans making a crucial choice all across the nation. Which candidate will do a better job over the next four years to protect the nation and strengthen the economy . President trump spending election day in the nations capital, visiting the headquarters of the Republican National committee earlier. While his democratic challenger, former Vice President joe biden, just spoke to a crowd in philadelphia moments ago, making lastminute Campaign Stops in the key battleground state of pennsylvania. Weve got team fox business coverage of all the angles for you. Special assistant to the president on what the number one priority will be for President Trump if he is victorious. While joe biden fundraiser robert wolf is here to answer the same question for the dems. Ernesto ramos manages billions of dollars and has the Market Impact of tonights decision. And