Good evening welcome to newsnight for insights and interviews. The Prime Minister told us all today things will get worse before he said they would get better we already know that means tax rises, but well ask a labour Treasury Minister if it also means austerity is back in some form. Well ask what advice he has for a newsnight viewer whos nearly 80 and is having his winter fuel payment taken away, and we ask about accusations of cronyism. Is cronyism bad under a conservative government but ok under a Labour Government . Government but 0k under a Labour Government . Government but 0k under a Labour Government . Cronyism is something keir starmer government . Cronyism is something keir starmer has government . Cronyism is something keir starmer has made government . Cronyism is something keir starmer has made very government . Cronyism is something keir starmer has made very clear government . Cronyism is something keir starmer has made very clear he | keir starmer has made very clear h
We welcome you on the simulcast. Bloomberg radio and Bloomberg Television across this nation and worldwide. This due of news is just extraordinary. An important moment will be Lawrence Kudlow after the jobs report. But jon, i want to talk for a moment about the markets. Affected. Oeing come up 5 . Igit 13 on the s p 500 yeartodate, and the nasdaq 100, lisa has loaded the boat on the nasdaq, up 38 . This is a boom and great bull market. Jonathan record on the nasdaq, just off that on the s p 500. The market has ignored all of the bad stuff over the last month and held onto all of the good stuff. Does that change in 29 minutes . The payrolls report, the estimate for hunted 60,000 the estimate 460,000. Tom Kevin Cirilli talking about the enthusiasm to get something done. We will talk about that in the moment. I love what greg peters of pgim said in the opening credits, the idea that everybody is looking for every bit of yield. To me that has been undersold story this week about how other
The formal application caps a period of speculation that this would be occurring. We are seeing pfizer in premarket rise nearly 2 , biontech down. 3 . Interesting to see how this is confirming what a lot of people have expected, but adding to the risk on feel that we are seeing in markets today. The sense we are going to move past this period that has been incredibly painful economically, as well as socially. Francine lets get the details from fan from sam fazeli from bloomberg intelligence. The news is out. How quickly can some of these clearances be given . Sam good morning, francine. Fdahe u. S. We have the meeting coming up on december 10. It is possible they move on that pretty quickly the next day or the day after. And then in europe, this is the combination of a process that started off sometime in early october where the companies have been filing their manufacturing , and there is no new data in the press release. So it is possible that we should get a European Response by bef
High just days after sinking to near 16,000. One market watcher says he knows a bubble when he sees one. And what starbucks is doing to support frontline workers for the entire month feel good trending story of the day on this tuesday, december 1, and this is worldwide exchange. Welcome from wherever in the world you may be watching. Thanks for joining us on this tuesday. And welcome to december. After 42 months this year, we made it. And here is how your money looks. Stock futures are in the green not by a lot, but they are higher nonetheless you know what . I stand this is the kind of time where you like being wrong. You look at the futures literally, i dont know, ten minutes ago, 15 minutes ago and they werent doing that much now you have an implied open up 350. Wow. Remember people roll in in the mornings futures, i dont want to say they are worthless, but they do evolve as the morning goes on as more traders in the u. S. I would say get into their offices but now i would say just
Even though the gains have been so big, up until now it doesnt mean you should bail out and not get in on the game. I do wonder, jon, especially if we dont get a fiscal support package, especially if we do get increased deterioration in the economic data, i do wonder if well see a change in sentiment. Jonathan what if we get more restrictions . California, the governor, mr. Newsome had this to say yesterday. If these trends continue well have to take much more dramatic, arguably drastic action. If hes implying they might have to have a shelter in place order like back in spring or a flavor version of that, how do we get through that if we dont have the fiscal hand down from d. C. . Thats the question going into december and 2021 . Lisa the markets have shrugged this off completely. The deterioration some of the High Frequency data. If you want to look at the v shape recovery check out manufacturing which brings us to what we are looking at today. U. S. Manufacturing data, construction,