Electoral joe bidens win is confirmed by the electoral college, but he hints he may never concede. Good morning, everyone. Welcome to bloomberg surveillance. I am Francine Lacqua here in london. It is the day after an american holiday, which saw a lot of markets closed. Cash equities open in the u. S. Because of thanksgiving. This is what i am looking at overall in the markets. Quite a lot of movement is on the portuguese 10year yield. Markets are speculating when it could go into negative territory. Today, the overall mood is a bit of caution out there. Investors, secondary valuations following a rise in equities this month but also enduring pandemic and parts of europe, oil retreating, with rising tensions within opecplus members. We will have plenty of more on that throughout the show. The stock market has a rotation into cyclical and value, by the promising vaccine, or could we see farther moves . For more on this, lets get straight to our dani burger with a look at the markets. Hi
Obtain. What you might see is a bit more bitesized approach to aspects of the trading agreements. To get a greater engagement in a more constructive engagement. You talked about the covid recession. We have had a second wave of covid coming across europe in the last couple months. Indicators of the economy show that is causing a double dip in many economies in terms of activity. Youhelpful you are are that we could have a fast recovery this time around and see that vshaped recovery people have talked about . I think the vaccine is going to be a very important story for the 2021. From the irish perspective we moved early on in the early the second wave, the Second Lowest interest in europe now. We are doing very well in terms of the downward trajectory of caseys. Of cases in hospital and icu. Somewhere at the end of this month we move out of what we call level 5. Our schools of state construction has stayed open. Our domestic economy. Our investment side is doing very well. Science and
Shanghai composite, 3 10 of an percent of the upside. Lets have a look at what is going on currency wise. This is the dollar index. Not that much changed. Bitcoin. Oves is down nearly 2 at the moment. [indiscernible] thetocurrency left to 18,000 level. Citigroup causing a stir with a 300,000 plus estimate with regards to bitcoin. U. S. Dollar index pretty much unchanged. Stasis as weoil in wait to see what is happening with some of these internal squabbles taking place with members of opec, mainly the uae. Mitchell with the first word headlines. Early south koreas trade data shows exports extending their recovery. The yearose 11 from earlier. South korea shipments received a boost from china and the u. S. Cap exports were up almost 22 . Singapore sees at the economy expanding by between four and 6 next year as it rebounds from the virus. Thirdquarter gdp shrunk by 5. 8 on the year and the estimate for contraction was revised to six to 6. 5 . The decline for the Third Quarter compared t
Im richard mcculley. Todays talk is the last of 2014. A year when weve really been treated to some splendid presentations by some of the centers most significant researchers. That said, we end the year with a bang by hosting todays guest who will discuss his significant and timely book, making the modern american fiscal state law, politics and the rise of progressive taxation, 18771929. Published by Cambridge University press. We will resume this talk on january 15 when we host rebecca edwards, professor of history. Her talk is titled, sex on the frontier fertility in americas antebellum empire. Rebecca edwards is a very eminent historian who would you would expect to get quite but a presentation of that title, i think this is something they cannot be missed. Professor mehrotra is the associate dean for research, professor of law. A fellow at Indiana University. He received his j. D. At Georgetown University law center and his ph. D. At the university of chicago. He has served as the c
One is the public purpose of business but i also want to shift the mindset of the Business Executives what they believe to be true and designed the businesses to achieve both of these are in pursuit of Better Business outcomes and rogers brandnew just released today book, thank you for being part of this. His new release is in this domain called when more is not better overcoming americas obsession with economic efficiency. Both alan and roger are known to many of you. Martin is professor and dean of the school of management at the university of toronto where he started the force behind the prosperity institute. The author of any number of books we will put in the chat a biography you can learn more about and finally alan thank you for joining us. The chief content officer at fortune. His ceo column how i start my day every day. We posted the biography is in the chat and alan is going to engage the audience in question and you can pose in the qanda box after we have the opportunity to