Come on, jon. Theent an hour reviewing dynamics. Theres been a real deterioration. Mike Allen Publishing moments ago for axios, and he melds the two stories together. Hes focused on wisconsin and montana being those swing states with huge pandemic issues. Jonathan and yet, wheres biden and harris going to be this week . Biden in georgia, harris in texas. Who would have thought that was to the election, those are the two places they would be. Tom georgia has really been front and center. Londonitical analyst in Francine Lacqua mentions she is focused on george as well. Jonathan new restrictions across the continent, and what are we not talking about this morning . We are not talking about stimulus conversations. This market adjusting lower. Lisa perhaps you can blame the fact that we havent gotten a fiscal deal. Week, wasch a huge andt days to the election, the data does stay pretty soft. 10 00 a. M. , we are getting u. S. Newhome sales. Expect deceleration in the full number based not
Uch more going on in this hour, chair yellen will join us. I will ask about the speculation of her taking a position within the biden administration. Yes, we will talk about Climate Change and the Nobel Laureates process. I want to go to the equity markets right now, and ben laidler talking about a multiple. Is this morning the beginning of a melt up . Jonathan not for me to call that. The habit talk around the happy talk around more stimulus, maybe. This market just wants to go higher. Market participants find a narrative to tell us why is going higher. Three months ago, a blue wave was bearish. Three months forward, a blue wave potentially is now bullish. I think that is this i think that is just the mood of market because of its right now. Tom what is so important then is to see the china gdp statistic today. 4. X percent is 4. X percent. Jonathan we have been talking about the Global Economy as one complete entity. There is so much divergence right now. The chinese economy is reall
Forward today. I think lisa is going to talk about it. The last moment i saw as we wait for washington to awake this morning with the president nudging away from the republican reticence more towards the place of Speaker Pelosi. I have no idea what that means. After what we went through yesterday, we are littered literally we are literally monitoring when does the president wake up and advance his campaign through any actions throughout the day. Jonathan we understand there will be an interview at 8 00 p. M. Eastern on fox news. 1 3negotiations for me, the of the negotiations that really matters and has hardly moved, Senate Republicans and leader mcconnell. Where are they in this . Weve heard from mnuchin, from the president , from Speaker Pelosi. Mcconnell is on the sidelines. Hes the guy that finalizes that deal. Tom this is really important, and it goes to what axios said about the republicans really fighting for their lives, having to do with attorney general barr and all of that.
Abramowicz and tom keene in new york. Good morning on Bloomberg Radio across the nation. Good morning on Bloomberg Television worldwide as well. Theferro, without question most mysterious jobs report ive ever witnessed. Jonathan we talked about the wide range all morning. Lets talk about it again. At the top, 2. 4 million. Thats the high estimate. Below, 100,000. The pace of the recovery is slowing. I wonder if we have seen more evident if we are seeing more evidence of that a little later this morning. Tom i thought of one of your good questions earlier, the idea of this shift to the new unemployed. Forget about furloughed. Forget about all of the other language. It is people terminated. Lisa people are becoming permanently laid off. Initially it was temporary. My question today is going to be is bad news good news, and is good news bad news . The idea that if we get a worse than expected report, we will get into this for some as we will get impetus for some kind of fiscal support we
Changed no question chair powell changed this market. With the claims today really driving forward that conversation is the real yield, the inflationadjusted yield through 2012 levels. It shows not the gloom, or this word dour used by the fed, but this readjustment going on. Jonathan the data coming at 8 30 eastern. Youve got to believe the gdp print is for economic historians and the jobless claims for this market. Lisa thats exact where i was going to go. We will get the gdp report, the worst in history, and it really is history. No one is going to Pay Attention to that from a market perspective. Jobless claims expected to increase. Interesting to watch that. Also today, very much in focus is tech earnings. , and apple. Azon also today cost stimulus talks are continuing today. We also have nancy pelosi down there after mark meadows, chief of staff or president trump, said yesterday they are nowhere close to a deal. The 600 on them limit benefit runs out tomorrow. Jonathan talks going