Vaccine. I love what Greg Valliere published minutes ago, where he says this is a humanitarian crisis, and another word he uses in his terse note is acceleration. Not only acceleration of chases and deaths, but this is about the medical industry and the hospitalizations. Peter hotez scheduled to be with us later this morning. Jonathan in various places around the country, the Health Care System is being overwhelmed. The caseload has gone from about 77,000 at the start of this around 150,000. Silent, anduse is congress isnt looking at a fiscal package right now. They are looking at nominating judy shelton to the Federal Reserve. For this market, the policy focus isnt there. Tom what is interesting is the incongruence of the president and the care he got at walter reed, whereas from sea to shining sea, it is not happening. I cannot convey the strangeness of american media, election, election, election, and below the fold is here is the mass of the pandemic. Jonathan weve got a crisis. In
Step. Out. Through. The students or the. Training successful. Talking to me. Starts october 16th w. Self africans hit the streets theyre angry about jobs and corruption times are already tough before the pandemic now many say the situation is becoming unbearable. Also on the show the pandemic has been kind of the worlds billionaires who are growing in number and wealth. But it hasnt been affected women executives in germany a new study shows their numbers are sinking. Well welcome to the show im Stephen Beardsley in berlin its good to have you with us. We begin in south africa emerging economy that in recent years has emerged very far rising state debt slow growth and falling failing rather infrastructure have frustrated South Africans corruption too and that was before the pandemic now the pictures even bleaker and the mood among workers is sour face. This is how it looks like when south africas largest trade Union Federation organized this as a protest during the times of pandemic al
Are made after winning the fda approval. Linda severe is the first to gain fdarst approval. President trump used it when he had the coronavirus. Lets see sydni joining the fray and this fridays session. Week ofto the last trading. We are seeing pretty modest gains at the start of trading. Under 1 10. The aussie dollar is showing strength. Broaderitting against a drop kiwi stocks are just moderately. Going out to stir up merck conversation as to when they would feel to take a break and negative territories. Markets are looking at that in the early part of next year. The kiwi dollar is holding firm. In terms of what else we are watching, and the japanese markets, we are seeing a pretty lackluster start to trading there. Singapore is expected to drop a little bit later as well. Story,to our top President Trump and joe biden are preparing to face offer a second and final time. Their last debate will be in nashville in a couple of hours. The biden camp is saying that they are repaired for p
1. 5 ct for the s p tumbled and the nasdaq hit harder in a couple of minutes. Treasuries and the yen gain. Money floods into safe hane assets it is a president s positive test acts as a wakeup call for markets. Good morning. Just under an hour away from 60 minutes away from the start of cash and equity trading in europe. We do see drops more than 1 in European Equity Index Futures. We were looking at some positive numbers just an hour ago. Take a look at the u. S. Futures. Down with the nasdaq underperforming. 1. 9 . And dow off anna we see reaction to these stunning headlines that have taken the markets by storm. Gripped the market. Dictating many over the moves that were seeing. Beware many of the markets in asia are closed. What we have open in asia is japan, australia and indonesia. We saw instant negative reaction. Nasdaq futures down by as much as 202 in the initial place where we saw the news breaking. We do see negative riskoff reaction. We see money going into the dollar and c
Today. We start out of with the fed staying put. Jerome powell signaling the rates will stay near zero through 2023 stocks getting an initial pop, but reverse course as the fed share took questions from the press. Steve, what was it, do you think, that spooked the markets . You know, its always hard to know maybe one of those sell the news things there was a bit of history in the statement where the fed for the first time put in the statement that its new goal is to seek inflation above 2 that was in the longterm policy strategy but it had not yet been in the statement. This is the first statement following that change. It was a bit like there was nothing behind it in the sense that, the question that i asked, i said, well, how come your forecasts dont show you hitting the goal, not even in the fouryear horizon here the fed chair didnt really have a good answer for that you would think if you said, you know, im going to move this tanker faster, you know, youd be pushing the throttle do