It is office highs, but still a. 5 . Not too Much Movement in the dollar index. Just a little weaker before the fomc today. He 10year yield lets get a deeper dive into the market action. Standing by we have k. D. Lang. Katie playing. Hase dollar weakness become a proxy for risk appetite. It is once again weakening signals it is not entirely a risk off day. We are seeing it in equities. Even if crude is office to touch. On the subject of the fed and yields, something the market is paying close attention to for that decision in about an hours commentary on yield curve control. There has been a dramatic steepening of the curve in recent weeks. We have seen some flattening coming in. We are sitting at 115 basis points, the steepest it has been in about three years. We will see if the fed does anything to change that narrative. It is tech that is outperforming at the moment. The s p 500 Information Technology sector is higher for the fourth day in a row, up 5 over that time period even thou
Feel me that mr offhand you messed up and evil absolutely not in the getty well maybe got classes. That also so what i. Up enough. The staff studies during mention of couldnt you may do if you woke up before dawn do collision with you to get the bag on. On the francis up Public Health chief asylum thahat w with his daily updates on the situation the french government has vowed to do everything possible. To prevent Companies Going bankrupt during the corona virus pandemic the economic toll of the countrys lockdown is becoming clearer. And deeper with Business Owners increasingly worried about the future finance minister bill the mass been speaking about this. We havave a business editr kate moody standing by for more cakeke illegal do you find its mr madden hasas been giving further details of the support hes offering the struggling businesses will they. Be reassusured if you thihink. Well th statement will go some to call because me because that already pre. Forty five. Euro rescue pac
Test. E taken the it has come out positive, so i am working from home. I am selfisolating. That is entirely the right thing to do. Be a no doubt that i can continue, thanks to the wicked with agree of modern technology to continue to communicate with my top team and fight back. Is selfisolating in his down a street offices after a test on thursday found he had the coronavirus. Weeks ago johnson had pledged he would go on shaking hands with everybody. Global news 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. I am mark crumpton. This is bloomberg. Vonnie i am vonnie quinn, welcome to bloomberg markets. Here are the top stories we are following. The fastest u. S. Stock rally in nine decades is showing some signs of fatigue. Nervous aboutin the effects of the coronavirus pandemic. Bostic from president who expresses some confidence that the economy can rebound strongly. Later we speak with nobel prizewinning
About the latest developments. First though correspondent cast stegall begins our coverage on covid19 tonight from arlington, texas. Good evening, casey. Bret, good evening, the United States has now recorded nearly 13 and a half million total coronavirus cases since this all began more than 4 million of those infections just in the month of november alone. And Public Health officials warn we still have dark days ahead before these vaccines are widely distributed. Drug maker moderna announced it was filing paperwork today with the u. S. Food and Drug Administration for possible approval of its Coronavirus Vaccine under the emergency use authorization. We anticipate that the benefit of this vaccine is to be quite significant. Moderna says the final stage of its large scale Clinical Trial shows a more than 94 efficacy rate. While pfizers candidate already before the fda is reported to be 95 effective. If both are green lighted Officials Say americans could see two different vaccines befo
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