The morning news updates we will see you back then here on out international. Time after time here were going underground a year to the day since u. K. Prime minister Boris Johnsons landslide victory in the countrys general election a year in office arguably eclipsed by a pandemic that is not the u. K. With the highest number of coronavirus related deaths in europe coming up on the show 2000000 thats the number of u. K. Families estimated to be pushed into extreme poverty by privileging the rich during coronavirus we talk to the United Nations he would scream poverty special about the prospect of a 1000000 more british children struggling to stay warm will be clean and ask whether the Boris Johnson government is merely continuing what the un has characterized the. An anti for ideological project to systematically him is a rage millions grand will a biden presidency be able to pull off the same p. R. Conjuring trick that the Obama White House did we told the white houses 1st official vi
State. Out on bail you got him president ial candidate, but we won is released from custody. 2 days after his arrest triggered deadly protests and fires and biotech become the worlds 1st companies to fall for emergency all for ization coronavirus vaccine. We begin in ethiopia, where there are warnings of an escalating conflict unfolding humanitarian crisis. The United Nations is called on warring sides to stop fighting immediately. So more aid can be delivered and a refugee saves can be set up the government and the tea. Great Peoples Liberation front, both accuse each other of killing civilians in airstrikes and indiscriminate attacks during the 2 week long offensive. If European Forces say theyve taken 2 major towns on friday, as they advance towards the grain capital. The uns Refugee Agency says its preparing for as many as 200000 people to seek refuge in sudan, so far more than 30000 people have fled, humanitarian workers say millions of children are at risk, and refugees are in se
Workers of an annual cost of a billion dollars and thats why the stock is down. Down 1. 6 . Tesla, the stock thats going straight up and it has nothing to do with the virus. Tesla, 500 index meaning a lot of Money Managers have to buy the stock so up it goes and by the way the gain of 53 13 makes elon musk the third richest person in the world. Overall, the market is in a mild selloff mode. Dow jones closing and 29950. Its retreating a bit. S p down about 25, nasdaq a slight gain. A big tech is doing okay. We are in creeping lockdown mode and thats the problem for the markets as many states and cities imposing new restrictions as virus cases arise. Wear a mask in north dakota, utah. No Indoor Dining in california, michigan and in philadelphia, no indoor football watching parties. My opinion, thanksgiving next week, confrontation is coming. Who will enforce limits on your thanksgiving celebration . Where does president elect joe biden the stand, lockdown joe, where does he stand . Hes n
North carolina, and ohio whether we will get a clear result tonight remains to be seen the tenyear note level higher than since early june. Banks among the best performing stocks in the dow and the s p. Oil prices are gaining ground but the Energy Sector is the only in the red. Overall a broad based strong day on wall street. Following gains yesterday as well lets get straight to the big stories we are watching. Mike santoli is here watching the market rally. And ylan moi is following the all important balance of power in the senate for us mike santoli, welcome. Good twoday run in the markets. It is inhabiting the ground we were in the last half of last week and gone right to the middle 3,400 is the middle of the long threemonth range. If you think about it it has taken two days to lift the indexes back onto a balanced footing. We were pretty oversold last week challenged and tested the september lows bounced off of that today. Make sure folks are not leaning too much in one direction
Four days of losses is about to become five. Are down 7. 5 over the previous four days. Cross assets, we look like this. A bid into the bond market briefly in treasuries. It did not stick. It was a treasury market selloff. This morning, it is about yen strength. Dollaryen coming down on 0. 3 . Again. Rude is down 0. 9 mark wheret is that you have these massive producing countries like russia and saudi starting to worry. These are very hard prices to deal with when you try to balance your books. It all comes back to demand. Everything is about demand right now. When you have france and germany going into lockdown, that does not bode well. Euroyen is striking me this morning. I feel that for the first time it is acting like a haven. It is her membrane what it is supposed to do. Jonathan a bit of yen strength. Chancellor merkel giving a wakeup call to her fellow eu leaders. They failed to act quickly stop the pandemic. For more, our western europe managing editor joins us. Walk us through