The Saturday Edition of morning Joe Weekend. It was such a busy week, so lets get right to it, some of the conversations you might have missed. Weve got a lot to get to this morning. Many polls showing a tight president ial race in three Battleground States. pennsylvania, where the latest New York Times Siena College, Philadelphia Inquirer Aisle of likely voters finds Vice President Kamala Harris ahead of former President Donald Trump 50 to 46 . That result polls within the Polls Margin of error. Which again, the New York Times Siena Poll, they usually have her it three and Donald Trump at 97. Still, it is just a snapshot, and it is close. A new poll in pennsylvania finds harris leading trump 51 to 45 . In michigan, here is has a five Point Lead over trump. In wisconsin, it is close. Harris leads trump by just one point, 48 to 47 . Meanwhile, a new Marist Poll has Trump And Harris tying in pennsylvania with harris with a fivePoint Lead in michigan and a one Point Lead in wisconsin. Sim
Fears. Republicans are sounding more optimistic about fresh fiscal support while u. S. Virus cases spiral. Good monday morning. 6 00 a. M. In london, 7 00 a. M. In brussels, where brexit negotiations are taking place over the weekend. Lets see where we trade this monday morning. We did not get a brexit deal. What we do see after the friday rally, the s p 500, the doubt, the russell the dow, the russell, all hitting new highs. The u. S. Plans to add sanctions on about a dozen chinese officials. The msci down about 0. 2 this morning. Many futures are down 0. 3 . 10year yield on friday inching closer to 1 , a level we havent seen since march, steepening on the t the largest steepening since 2017. This is on fresh stimulus talks. The pound, we saw some softness. The pound is the barometer for brexit, and brexit negotiations resumed in brussels yesterday. Signs one of the biggest obstacles to a trade deal is close to being resolved. U. K. And eu are hoping to finalize the deal, but another
The concern about the stronger currency, not to worry just yet. We saw that euro jump. Ist weakness on brexit sparking a rebound in the dollar. Your offshore renminbi, we are set to break six weeks of gains. 683 right now. That is below 40 right now. We have copper also and gold on the back foot. Oil prices on track for the biggest twoweek drop since what we saw back in april. Lets get to the first word news, we have Karina Mitchell. Senate democrats have shut down a relief plan proposed by republicans. They failed to get the 60 votes they needed. Estimatedican plan is at anywhere between 500 and 700 billion dollars. The democrats are proposing to. 2 trillion. 2. 2 trillion. Boris johnsons government refused to scrap plans to reignite the divorce accord. The eu is threatening legal action if the u. K. Does not drop the legislation within three weeks. Thes president has painted an optimistic picture. Economic data suggests a strong rebound. They kept policy on hold for Economic Contract
Is real simple. The economic gloom is tangible and the market brushes it aside. Good morning, everyone. This is bloomberg surveillance. On bloomberg radio, on bloomberg television. The bid keeps coming in. It is not about being up. It is the quality of the up that is so important. Jonathan the last several months, rotation on, rotation off. It was rotation off since june or so. In the last several hours, rotation back on. That means the cyclical parts of the market do better, tech underperforms. The Treasury Curve steeper. Dollar in the mix as well. That is the thing a lot of people were trying to position behind. It didnt quite develop over the last month. It is back on this morning. Betterldman sachs with than good earnings. I have not gotten the appropriate up remotes the appropriate eyebrow, whats amowiczropriate abr briefing. Lisa theres an incredible dissonance between the pessimism we are hearing from the banking chiefs right now and the optimism you hear from a lot of fixed inc
Investors raise a glass to remy sending shares to the stop of the stoxx 600 it expects demand to bounce back in the second half of the year saudi arabia and russia reportedly reaching an agreement to extend the counts for another month but will still be held today. Lets kick off with fresh data crossing the wires. Weve got uk car registrations coming in for the month of may 89 lower year on year to just over 20,000 unities. We are looking at a picture of sterling versus a dollar recently trading coming off 60 basis points the auto sector selling off quick sharply. A few Different Reasons for that part of that the reversal for the trade come together in the last several sessions. Part is to do with the german stimulus package unveiled in the last 24 hours. Let me give you more detail. German stocks making autos the worst performing sector in europe after the package announced overnight failed to provide must feeding help. Providing a raft of measures including help for electric car buye