Really interesting flow out of the United Kingdom. Weve got a very nice lift to the market. I dont want to oversell it, but in the last 20 minutes or so, a lift to the market. I see sterling coming in and even the yield space with a little bit lower yield. Certainly not the risk of agony we saw yesterday. Jonathan sterling lower. Down about 0. 2 on cable. Reuters reporting that the Prime Minister is about to say get ready for an australia style brexit deal. When i say australia, think something closer to no deal. When i say canada, think something closer to a freetrade agreement. If the Prime Minister frustrated with the eu . October 15 was meant to be a deadline. Mr. Prime minister trying to ramp things up to get concessions from the other side, something he has failed to do in the last month. Tom and there is the norway deal. An australian deal is a much more distant deal, a much more traditional agreement. The love and affection of a canada deal where you respect the agricultural pr
And tom keene. We welcome all of you across the xm,on, particularly sirius jenna 119. 119. Morning channel good morning on bloomberg television. 40. 59. Oil, one of our themes today has been the hateful language we have seen from some of our talent, and i want to go to alex morales writing on your united kingdom. The Prime Minister facing a northern revolt. That is hate filled. Theres no other way to put it. What is a revolt up north . Jonathan i think it is an accurate description. Manchester is being pushed into tier three, the heaviest set of restrictions. The labour mayor is pushing back. Back against boris johnson. He is being asked for more money. That is the sense of things, that we are not in it together. There is much more Division Within countries, and not just the u. K. You have seen this playing out in spain, and you will see more of it through europe through the winter. Tom the division in america is seen by the debates last night, debates plural. It really comes down to a
Salt lake city, you. Hugely consequential city, utah. Hugely consequential. Rudy giuliani will join us, the former mayor of new york city. We hope to get ample time to speak of his health, the health of many in the white house, and his thoughts on the path forward for his president. Weve got Market Recovery off the shock of yesterday. What is the character of recovery you see . Jonathan equity futures up 0. 7 . The bond market down, treasury yields higher. The president backing away from talks with House Speaker nancy pelosi. I have to say, the administration looks really aligned wit Senate Republicans in a way it hasnt, offering a slim bill, offering a checks to americans. There used to be three positions. Now it looks much more like t wo. The difference is i dont thing that spread can reconcile before the election. Futures lifting up 24. That is a high for the session. We are roughly back to where we were for that profound tweet from the president yesterday. Two tweets following in t
Environment. Businesses, the private and Corporate Bank are fighting through the Interest Rate headwinds, but doing well on executing strategies and offsetting that had went. Thee are uncertainties in Macro Economic environment and that is something we factor in as we manage our businesses, our risks, but we remain quite confident in our outlook and the way we are managing through this pandemic. It is supporting clients, the economy as we all navigate an unexpected environment. Risks, howaging the hard would Deutsche Bank be hit if there would be another wave of lockdowns across europe and elsewhere . James weve built in some conservativism into our numbers, weve taken an overlay, adjustment more conservative in provisions and that prepares us for uncertainties that lie ahead. We are not seeing a deterioration in portfolio beyond what we expected in this environment and while we are all subject to the direction of the economy and potential impact of more distancing and Protection Measu
Today, david. David this no argue about it. We were supposed to have the second president ial debate last night. Instead we got dueling town hall meetings. One moderated by abc news George Stephanopoulos and form Vice President joe biden. The other Savannah Guthrie and featuring donald trump. The contrasts were sharp including the economy and the president s response to the coronavirus. President trump i now it was a big threat. At the same time i dont want to go out and say everybodys going to die. We make up 4 of the worlds population. We have 20 of the worlds deaths. We are in a situation where we have 210plus thousand people dead. Whats he doing . Nothing. President trump we had the greatest economy in the history of our country last year. Including the state of florida where we are now and pennsylvania and North Carolina and every place. We had the greatest economy we ever had. We had to close it down. We saved two million lives. We are opening it up. We have a vshape and its comi