Two economic policymakers appeared to clash over whether to preserve emergency lending programs designed to shore up the economy. Global news, 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in over 120 countries. Im karina mitchell. This is bloomberg. Is 1 00 p. M. In new york. Welcome to bloomberg markets. Here are the top stories we are following. , u. S. Joblessly claims increasing for a second week last week. Incomes downed 0. 7 . The data open to interpretation. We will ask Julia Coronado what she thinks. The economic numbers may not be welcome news to retailers as they enter the important Holiday Shopping season. Later, we speak to mark cohen. And a soccer top of mind with baritone,g of diego we will talk to the ceo of fubotv, which has been booming subscriber growth. Lets take a check of the markets. Lowvolume today, the last session before markets are closed tomorrow and a shortened session friday. The s p 500 improving a l
By middecember. G20 discusses the virus and remedies. President trump. The worlds first travel bubble burst. Kongsingapore ehrlich is being postponed by at least two weeks. Host calling and a question the fragility of the travel bubbles. And how fragile this travel revival could be. Stocks extending the weekly decline towards the end of the week. We are looking at more optimism going into the start of trading in asia. Kiwi stocks up by 0. 4 . Goingle bit of advance into the start of trading. And we are seeing dollaryet continue to decline. Dollar weakness continues to play out. Vaccinations when it comes to the vaccine progress we have seen against covid19 could be administered in three weeks if they are given the green light from the fda. There are still questions about how poor countries will be given access. We are in washington. How close are we to get some rgency off to raise the emergency authorization in the next few weeks . Duringeems a could calm an emergency meeting. When you
Statewide restrictions on thanksgiving celebrations. We will show you the exchange. Chaos in the city in the state. Do as i say, not as i do we have been hearing a lot of that and rightly so because there are so many examples of democrats especially very rich democrats breaking the rules they impose on everyone else. Now, we find california Governor Newsom dined with Health Officials and lobbyists, no mask, inches from each other breaking his own rules. Theres the mayor of philadelphia squeezing in Indoor Dining hours before he banned it. Thanksgiving is one week away. How will america handle the lockdown when our leaders do what they please . Thats the same throughout the show. Not that Much Movement in stock prices of this morning with two days of decline taking the dow jones well below the 30000 level. Not Much Movement at this point. There is vaccine news. Phase two of the astrazeneca vaccine trial shows a strong immune response in older people, good news. It uses Different Technol
The fda, it will be the most reliable way to beat the virus. Certainly, the vaccine representing both our hopes and our fears and abc 7 News Reporter kris reyes spoke with a doctor about the worries that keep him up at night and kris, im really interested to hear what he had to say. He had a lot to say. The doctor is very confident about the vaccine calling it a bright light in this long, dark tunnel that weve been traveling through but he says distribution is far from a trivial matter and we need to prepare for dealing with plenty of complications. Neither the cdc nor the state of california are likely to get more granular than to say Health Care Workers and people over 65 in Long Term Care facilities are the first two groups. Reporter the question then becomes which Health Care Worker goes first . Take ucsf that is unlikely to get enough vaccines in the first shipment to cover the 30,000 staff. The complicated task deciding which employee gets the vaccine first and then falls on the
Says the first rollout could happen by mid december. The g20 discusses the virus and the potential remedies. Shotspledges to make available to all and President Trump wont say if the u. S. Will join a global effort. Haidi we are setting up for a cautious start to trading. The aussie dollar holding pretty steady. Kiwi stocks are up by half a percent. We are seeing the kiwi dollar trading just flat. U. S. Officials say the first vaccinations could be administered in just three weeks if given the green light for emergency use by the fda. Aboutare still concerns how poorer countries will be given access to any vaccine. The vaccineke Development Team has an aggressive timeline. Be do we expected to achieved and a lot of people are concerned about equitable access. Of movingre a lot parts here. A lot of movement around the world. Drug administration has an advisory meeting that day about the vaccine. Health officials really seem to think that approval could be forthcoming at that meeting or