Budget copper mise. This is going budget compromise. Eu budget compromise. That is going to be one of the stories we are focusing on next week. Brexit talks are a difficult place, according to one u. K. Official. We will watch carefully that story over the weekend. We will see what happens monday morning. Aroundare higher, up by 0. 4 . The payrolls seem to have provided a reason to believe that stimulus is coming. It is interesting to see what is happening there. Bonds on the other side of the atlantic to where i am now, we are up to yield highs, march highs. An aggressive move we are seeing stateside. The pound is 1. 3475. Brent crude catching a bid, just sub 50. 49. 08 is where we sit now. Alix lets get to the latest on the coronavirus pandemic. We learned yesterday pfizer scaledback vaccine targets for 2020 because they ran into difficulties getting all the materials it needs. They say they have fixed that problem now. Joining us now is sam fazeli, Bloomberg Intelligence senior phar
Fromsion off of the news pfizer. Lets just frame where this market is. Ill let lisa worry about bonds. I am looking for an entry point, and i dont have one coming with s p futures out to record highs, up 120. Jonathan lets get straight to the price action of this moment. Equity futures are absolutely surging, up by 3. 3 . It is a huge turnaround. On the 30 year we go about to 88 basis points. A bit of dollar weakness back through this market, just south of 1. 19. A vaccine possibly helping us normalize this global economy. What does that mean . Bti with a 40 handle. Lisa it looks like pfizer will get some of the safety data necessary to see whether they can get some of the emergency approval to roll this out. This is what everyone has been waiting for. I simply, what is the Circuit Breaker to the surge in covid cases we have seen . Could this be yet . The market is saying yes, and the chances of higher growth, very high according to the market trade this morning. We can bring in sams n
Tested positive. 10year fore spanish bonds and portuguese bonds ever lower. Yesterdayorld shifted in the United States of america. We are on the cusp of a constitutional crisis. I have no idea in america how friday is going to work. The president is clearly inserting himself on a constitutional basis into the state crisis in michigan, and into wisconsin. What im watching friday is simple. Vice president pence travels to georgia. It will be fascinating to see if he makes Public Comments on this contested election. Absolutely, tom, and we are also trying to find out what the next step is. Lets get to first word news in new york city with ritika gupta. Ritika good morning. Another legal setback in President Trumps bid to overturn joe bidens election victory. Last night a federal judge denied a request to halt georgias certification of its election results. That is supposed to take place today. According to a hand recount completed wednesday, biden won georgia by more than 12,000 votes. Me
Been working hard on cost has been creating this leverage. It the perfect storm of volatility that helped you in the Third Quarter . Sergio it has been coming down to a more normalized level that may be sought before 2018 and 2019. I think it is a combination is a more stable market environment, but the effect of all the new initiatives that we could set for growing, and which are starting to pay off. Manus youve got a strong message in the dividend. There has been an accrual of cash and buy back. When can we realistically expect the regulator to let you and ubs pay those dividends in 2021 . Sergio what it seems for investors is, basically, our message that we are very determined and committed in implementing our capital return policy. We are flashing our intentions to have a good solid Cash Dividend, but also complemented with share buybacks, and the fact that we are highlighting what we have done so far this year by creating this 1. 5 billion reserve is a testament to our commitments
Masterca mastercard, microsoft and u. P. S. All lower on the back of their results as well. Bund yields and oil are lower. Tenyear yield, 0. 77 . All 11 s p 500 sectors are lower, sharply lower thats the heat map of all s p 500 stocks very few are green as you can see above me just less than 3 of declines for all three of the major indices, sara. We will ask allianz chief economic adviser mohammed elbrian. Monitoring two live events at this hour, expected speech from french president emanuel macron and a statement from dr. Fauci mike santoli covering the market selloff meg tirrell with more details on the covid spike in the u. S. And europe and ylan mui start us off with the selloff, mike starting to do some damage third day in a row for the s p. Its starting to cut a little deeper the hope gave way and did accelerate the down side multiple pressure points on this market causing investors to have a harder time looking across this valley of growth, right covid case cuts. We dont know wh