Interesting to see the 2021 look forwards. All we have is good conversation and a look at the tea leaves. Lisa is going to talk about jobless claims and all the rest of it, but i want to look at the granularity. Is a pandemic ago stock, and there is the reality which i believe you mentioned yesterday. I cant remember which property you mentioned it on. You know what . Retail is really struggling. Jonathan this is the story. A stock like macys has done pretty well over the past week, but that is the difference between the ketchup trade the catchup trade and a durable trade. I think that is the story for hours. T couple of we got to get through the next couple of months. Tom i mean, it is a comedy. But this is not funny. In south australia, you can now not walk your dog because of pandemic fears. Talk ofes of the macro the Bloomberg New Economy Forum and the realities that lisa has been talking about here day by day. That gets your attention. Jonathan and initial jobless claims will get
Close at the open. The road map begins with that renewed vaccine optimism and detailing their own strong data. Plus as for the market, the u. S. Stocks poised for new records and the futures are and investor optimism about that vaccine and dow is within striking distance of 30,000. We have a lot of deals this morning. Pnc looking to become one of americas largest banks and set to buy spanish bank and 11. 6 billion the Purchase Price and other deals to tell you about this morning carl lets start with the moderna news excellent news for the second week in a row. Dr. Fauci on some of the networks earlier today saying the data are striking and the results are just as good as it gets i really think we have to go back just a couple months and recognize that even if we had any hope that there would be a successful vaccine maybe 70 , 80 . 50 to 60 for the flu is something we learned moderna Insider Selling was bad and turns out the Insider Selling was bad meaning they sold badly i do think wha
Commissioner to see if she needs help. President bernal with the quorum present, we move on to the next item. The approval of the meetings of the minute of september 1st. Wrong date, im looking at the minutes. The minutes of the meeting of september 15. Upon reviewing the minutes and without amendment, do we have a motion to approve or any amendments from the commissioners . So moved. Second. Before you all vote there is nobody on the Public Comment line, so there is no need to take Public Comment. I can take a roll call vote, commissioner. President bernal yes. Commissioner green yes. Commissioner chung yes. Commissioner chow yes. And lets see if okay, i will call her as we move into the next item. That looks like the minutes passed. The next item is the directors report. Director colfax. Good afternoon. The director report, grant cocolfax. One item of note, september 30, state department of Public Health released details regarding a Health Equity metric to help continuing efforts to
Donald trump and joe biden face off for the 1st time in the u. S. President ial debates. With fellow very still gripped in a political crisis the french president makes the countrys self exiled Opposition Leader and agrees to mediate in negotiations. And watching r. T. International neil harvey on the team will be back with your close a morning run down and then our best to stay tuned for the kaiser. Hey you know back in 2008 when the had the Global Financial crisis and banks went under Lehman Brothers bear stearns and some European Banks are going to go under that old like meetings all the weekend long and the policy was not to reform banks but to give them a bigger credit line 1020. 00 times bigger at the time we said you know it intended 12 years so if theres going to happen but a lot bigger well here we are 12 years later and the states are just as you said. Its all unraveling again especially with European Banks because they are not the center of the empire they are not rome they
A simulcast on bloomberg radio, bloomberg television. We welcome all of you in europe and the challenges there, and we will get to you in a moment, and all of you across this nation. It has been week after week at an 800,000 level, even up towards one million a month ago, and the news slow is simply extraordinary. Jon, you have been way out front on the distinction between the virus and pandemic on the continent of europe over to the united kingdom, and the difference with the United States. How urgent is it for mr. Macron, chancellor merkel, and Prime Minister johnson . Jonathan becoming more difficult, and the problem they are having is localizing the effort. Many people in parts of the country that are facing tougher restrictions are asking, what about everyone else . That is the story in the u. K. As london gets upgraded to a new tier and faces tougher restrictions. As we get deeper into the winter, it is not just about the caseload. I think they are much more keen to emphasize and