A heaping of starbucks and shake shack after the closing bell despite a host of developing threats out there, no disability a quarter of companies that have reported so far have yanked guidance China Threatens retaliation for its role in the pandemic, and the virus death toll, new reports we could see 3,000 deaths a day in the United States as states begin to reopen. Is the action we saw today actually a sign that the market may be climbing a wall of worry . Hi, mel. Hi, guy its clearly climbing something. Tims been on this theme, so kudos toll him i was impressed, the price today was, you know, very interesting. So kudos to the market and people that still believe in it. Out of the three things you mentioned and loss of life obviously is the most concerning, but in terms of the market, you know, this potential retaliation against the chinese, that Steve Mnuchin spoke about today, and saying the chinese were still going to honor their trade agreement, i personally dont think the market
Stoxx 600 at a record high. On top of that encouraging news out of china. The pound, 1. 3363, getting a little bit of data with manufacturing. 45. 9 but it is still also indicating contraction. Lets take a look at a share price of electoral a come of , those are down. Mark carney will present the financial report. Thats from 5 00 p. M. London time and we should be a week away from the nomination of the new bank of england governor. Lets get straight to bloomberg first word news in new york city. Boris johnson will appoint new ministers to his cabinet after his landslide victory in the u. K. Election. The Prime Minister will welcome 109 new conservative members of parliament to london. They will take their seats in the house of commons. Downing street saying the government will introduce a law to deliver brexit before christmas. That will pave the way for the eu divorce and take place by the end of january. The International Effort to rein in fossil fuel pollution stumbling after u. S.
Chinese stocks turning higher after a phase i trade deal to calm and solid industrial and retail data. Consequences. Be china threatening retaliation and germany bands hallway hallway. Calm carmakers could be caught in the crossfire. Prime minister Boris Johnson prepares to name his new cabinet. Sterling strength continues as investors stay positive on brexit. Under an hour away from the start of cash equity trading. Taking a look at what futures look like, all green across the board. Ftse futures still gaining solidly. It looks like it could be a risk on day. Absolutely. A slightly sluggish picture coming through, a lot of questions hanging over the trade story. To what extent are we going to see the rollbacks . Questions and after that, the mixed picture on chinese data. Retail sales better than expected. Mind andof that in with some of the euphoria that see the msci pacific fairly flat. A couple of red headlines closing the bloomberg. Inrth Quarter Sales coming just below the 62 bil
Steeper falls on this but this is still early doors with what is going on with the benchmarks. Certainly what we also have going on is the treasury market as well. Seen a bit of the paring of the gains we have seen. Yields moving slightly to the upside. 1. 71 or thereabouts on that. Looking at futures. Flat for the s p on the futures. Lending a little bit of support. Cnh pretty much on move, we could see a gradually could get weaker. The offshore yuan 7. 07. Looking at sterling, we have 1. 30. Ver we have continued polls coming out suggesting the conservative well, boris johnson, did with the majority after the december 12 election. Thats what we have at the moment. Lets go to new york and join su keenan. Su we start with President Trump who is done a you turn on nato switching 180 degrees from his criticism to claiming credit for strengthening the alliance. Trump was especially vocal on efense spendingspens complaining that washington bears the burden for your safety. He warns nato me
5 pm here in moscow having a good day what if you are in the wild thanks to choosing a National Lots of stories for you this hour starting with this one donald trump chose to spend his thanksgiving paying his fost of a visit to afghanistan and greasing american troops based on he had a message for them revealing talks with the taliban are back on despite being declared dead just 2 months ago my colleague daniel holkins discussed this with me. They call it a surprise visit but the motives behind it are rather clear since day one day one of his presidency mr trump wanted to and the war in afghanistan the bloody almost 2 decades long conflict that took so Many American lives and so Many American dollars trump wanted to end it for his own for steve at home and for his global influence in that region and internationally of course and hes been given this promises so many times that thanksgiving feels that short reason to afghanistan was all about that to demonstrate hes in charge and he is t