An inperson showdown. Commission holds firm it will be virtual. Good morning, everyone. This is bloomberg surveillance. I am Francine Lacqua here in london. Stimulus talks could be closer, or at least they. Are back on the agenda. Here is what. I am looking at across the board. Is movingr yield attached, dollar declining, global stocks rising as the white house appeared to shift track, which signaled it is open to a large. Later on surveillance, we talked to armand sarkissian, 9 30 a. M. U. K. Time. Now lets get to the bloomberg first word news in london with leighann gerrans. Hi, leighann. Leighann good morning, francine. Leighann the debate will happen. The commission organizes it insists it will be virtual, but President Trump says he will not debate,t in a virtual calling the commission a joke. He is calling for to be rescheduled, but joe biden is rejecting that. He says the president pulled out, not joe biden. As dailyaximum alert coronavirus cases exceed 18,000 for a second strai
A simulcast on an important friday. So many days to the election, 25. Thrilled you are with us on radio, on television across this nation and around the world. I want to look at the markets as we frame up Michael Shaoul to join us in moments. Up 15 in a bid to the market. 3 below record highs. With that, some nice confirmations of good global news. Look at renminbi. Jonathan up on the week by about 3 on the s p 500. On ther chinese currency return from the holiday. The narrative has shifted aggressively, and in a short amount of time, from fears about a contested election to the potential of a blue wave. What we discussed in the previous hour is something we need to discuss in the next hour. How vulnerable is that newmarket market narrative shifting things around . Jonathan the Political Landscape here is most interesting. The president so far quiet on twitter. Hugely active yesterday across media. I guess an 8 00 p. M. Appearance tonight. You wonder what the president would be doing b
Jon ferro has been calling it. Guy we are monitoring the stimulus story beat by beat. Nancy pelosi will be talking around 14 minutes. We are going to get a sense at that point whether or not we are making progress. That could certainly be market moving. We will bring you those headlines as soon as we get them. Lisa the white house has been pushing for a largescale deal again, off again, on again. Wants alosi says she more comprehensive fiscal bailout as a result of the pandemic. Emily wilkins joins us now with the latest. Emily if anyone is confused about where things are with the stimulus deal, you are not alone area Senate Majority leader Mitch Mcconnell said yesterday he was feeling some with lash some whiplash with all of the backandforth we have seen this week. House Speaker Nancy Pelosi is Still Holding out after months for a larger stimulus package. She and the white house negotiator, treasury secretary Steve Mnuchin, spoke by phone yesterday. It seems like there still could be
Unit into a separate Public Company. More on that in just a bit ibm up and all the markets up with 59 minutes left in the session. All the big stories of the day coming up. Morgan stanleys Ceo James Gorman on the back of his companys 7 billion deal today to buy Investment Firm eaton vance. Carnival giving a Business Update as the crews and travel industries continues to deal with uncertainties amid the pandemic ceo Arnold Darnell will be our guest next hour. The ceo of Amc Entertainment will join us to discuss the rollback of more blockbuster movie releases why he is staying open when some of his competitors are deciding to close lets look at the stories we are watching in the final hour of trade. Joining us to talk about regenerons push for emergency authorization for its covid19 treatment is alettia young bob, start us off on the market. There may be no stimulus, but the market is actsing like there is going to be one they have levitated themselves into believing something is going t
Johnson johnson better than expected, it doesnt matter. Taiwan semi last night fantastic, doesnt matter. Apple price bump doesnt matter. When you get like that that says, let the sellers get their job done, there is some agenda here, theyre obviously not caring about news, not reacting to better retail sales or jobless claims down again. Every time that happens theres usually a great trend up someone is a seller. There is big money that wants out right now, i think a lot of people are confused about whats going on in nasdaq, amazon down 10 since the week began consequently there is no bid underneath no matter what the companies say. That will change probably midday i think its an okay day all right well see, jim obviously we talk about the market looking forward through some of the news flow and, you know, you take some of the Bank Commentary about second half growth versus first half,its not nearly as constructive and we will see whether gorman backs up what citi and wells and jpmorga