Caroline bloombergs economic model is seeing a doubledip downturn. There was much good news on the vaccine front, but joe, the euphoria has ended. Investors are trying to work out how they get through until spring when the vaccine is going to be more widespread. Joe weve had a powerful rally for the first couple days, but then you look at the action with the nasdaq surging and itrything else lagging, and does seem like the vaccine opposition is running head to head with reality, which is that right now the covid situation is bad. Hospitalizations, hitting a record. Ineurope, you see the surges germany, italy. At some point, it seems likely we are going to get a vaccine, but the current situation, not good. Romaine it is really the sustained trajectory of this latest wave that is most concerning. The one thing, if we are going to find some silver lining, his hospital seem to be more prepared this time around than where they were back in march and april. Joe absolutely. With more, tech r
Right now the state says 2. 5 million of the 3. 1 mailin ballots requested, those have been cast and that means received and deemed legally eligible 1. 1 million of those mailin ballots, theyve actually been counted. Here in pennsylvania, all mailin ballots received by friday, 5 00 p. M. Will be counted unless theres evidence that the ballot was mailed after election day mailin ballots, especially those received after the election has been a source of controversy in p. A. , republicans leaders calling on the secretary of state to resign over her guidance on how counties should deal with those ballots and if ballots received after election day should be kept separate from those received by election day a short time ago, the governor addressing that controversy. Pennsylvania will have a Fair Election and that election will be free of outside influences. I will vigorously and we all will vigorously defend against any attempt to attack that vote in pennsylvania. And when it comes to ballot
A dollar on the show you know rather right the point now in history where the central bank cannot bellow out itself if its the only boat in the water in other words america sprung a leak its sinking im geopolitical stage to china and to bail itself out its its trying to. You know shovel the water out of the boat and then they put it back into the central bank so theyre there doing this thats how theyre bailing themselves out and of course they are sinking again weve talked about this in previous episodes its just an inevitable thing its not like if it were france who are the empire right now they would be doing the same thing if it were brazil they would be doing the same thing this is the inevitability and what were telling you is a spare pair for such inevitabilities this is what happens this is why you know the citys trap is when a rising power always ends up in conflict with a shrinking power and. We hit that moment in like 2 years ago when it was clear that huawei the chinese tele
We are at the end of a fee out era and weve been kind of warning of preparing for that for the past 10 years of this series 11 years now and you could see that even Jerome Powell an acting sitting head of a central bank the u. S. Consul bank is even saying this member last year mark carney said that as he was exiting the bank of england he said that the dollar is no longer fit to be the worlds reserve currency and that we need these additional currency sort of s. T. R. Sort of currency to replace that and this earlier this week we saw at your own pow stated that he would dread a day that Digital Currency is take over the Current System and the u. S. Dollar would not be the old reserve currency anymore right its like in history people dreaded the day that gas lights are no longer around we want to electric lights and they dreaded the day that cars took over and we didnt have horse drawn carriages anymore and you know things change and he cant do a thing to stop at your own pallet he cou
We are up for it faangs really driving that. We are up 4 . Usually a useful indicator in terms of risk sentiment. A clean kind of number actually providing one message from the market, confusion. The german tenyear guilt, we do have a bid on bunds, but the move particularly at the 30 end of the u. S. Curve really quite stark today, a big flattening of the curve. Alix it all depends on where we are in the u. S. Election. Nick wadhams of bloomberg joins us now. Where are we . Wheres michigan . Wheres wisconsin . Where is pennsylvania . Nick joe biden leads in wisconsin and michigan, and it looks like those numbers will hold. Wisconsin aspects to make a call later today, although the margin is so narrow that there will likely be a recount. President trump leads in pennsylvania, but both sides say they are confident that they will win that state. Essentially we are doing right now is playing a waiting game. There are states like nevada, pennsylvania, georgia where it is still going to take