Christine lagarde, president of the ecb, moderated by Francine Lacqua. Francine what a great pleasure to be here with Christine Lagarde, president of the European Central bank, and welcome to the forum here at bloomberg. Everyone is talking about the vaccine. How will that actually change your forecast and the economy if we do get a vaccine early next year . Ms. Lagarde it is lovely to see you and to participate. To your question, i am not sure it is going to be a major game changer for our forecast, simply because what we had anticipated in our baseline was that some stage in the first half of 2021, there would be a vaccine, and that it would be rolled out in the course of 2021. So it might be a little back celebrated a little bit accelerated given the news we are receiving from the various horizons, germany, the u. S. , but i dont think it is going to be a game changer, so to speak. I think that our forecast is being revisited all those times we speak, and we will be releasing on dec
Recount of nearly 5 million ballots is underway in georgia plus David Perdues newmantra, win georgia, save america and the race that may decide your fate one of two gop senators fighting to keep the senate in republican control in his first interview on the critical contest, and why the entire country hangs in the balance plus the balance keeps tipping towards republicans in the house with more victories the gop flipping at least 11 house seats jim jordan the Ranking Member on the House Judiciary Committee on the road ahead all that and a lot more as we look ahead right here right now on sunday morning futures. But first this morning President Trumps legal team has exactly one month to produce enough evidence to overturn the 2020 election, with a slew of lawsuits pending in multiple states its a tall task but one that seattle ted cruz told us on this program last week is realistic. We could easily see , i believe, President Trump still has a path to victory and that path is to count ev
Belgium urge eu leaders to step up plans for a no brexit. 50 questions from german lawmakers. We will talk to a member of the team. Rd investigative a warm welcome to the program. U. K. Data. Datac sector net borrowing coming in this morning. Excluding the banking group. At 28. 3ber has come in billion pounds. That is below estimates. The estimate was for 30 billion. That are than anticipated. Really interesting aspect here payhat the Public Sector conversation will look like from here. We have a Spending Review coming wednesday of next week. In july, the chancellor made the point that the fed felt publicsector pay was needed. We are bracing for some effort from the treasury with regard to Public Sector pay. Squeeze in Public Sector pay perhaps coming. We will focus on that and it will be interesting to see the comments coming through or the numbers coming through on the banking sector. That is the u. K. Data. Markets. Futures looking a little bit mixed really if you take a global pict
His supporters are continuing to protest outside Voting Centers but elsewhere celebrations of broken now in anticipation of final results. Joe biden is edging closer to that magic number of 270 Electoral College votes that will make him the next president of the United States in the past 12 hours the democratic candidate has overtaken donald trump in 2 key battleground states pennsylvania and georgia so this is where we stand at the moment there are just a few battleground states still being counted at this point biden is leading in all of them based on the count from the Associated Press he secured 264 Electoral College votes so far donald trump has 214 and needs both georgia and pennsylvania to reach 270 but bidens lead in these 2 states is growing as the mail in ballots continues to be counted in georgia is extremely close though most of those remaining votes are from the city of atlanta and its suburbs which tends to lean heavily democrat anyway thats helped joe biden get ahead but
Still have a crack at taking the senate, but with biden inching to the white house, what policymaking is the market baking in . Biden hasy rains, but taken many by surprise. Joe the real winner this week, not biden, not trump, the good old 6040 portfolio. Everybody had left it for dad not long ago. Theof the best weeks for 6040 portfolio in a long time. End of election volatility. We are not likely to get a big stimulus. The diversified investor wins again. Romaine another big winner on the week was anyone shorting volatility. Most volatility measures started to pick up. The idea that we were going to get a contested election, at least today it looks like we may get a result here. That seems to have settled the market a little bit here. Some clarity as to what congress will look like. Your main measures of market volatility, and bond market volatility, all moving forward. Keyline diversification is and Asset Classes for the year that have beaten all of them, crypto. Who would have thou