Was when the ceiling went. It is interesting to see reporter what is happening in the bond market. To see what is happening in the bond market. We have seen curve flattening throughout most of this week. We see a little bit of steepening today on the back of the payroll number. We see that ripple around the world, and that is reflected in the german 30 year. Twostens in the state basically back to where they were almost a month ago. Alix thanks very much. The s p now dropping like a stone. House Speaker Nancy Pelosi speaking right now. She is saying to everyone, be calm, be confident, be patient, but she did call biden president elect biden, having a strong mandate to lead. She says she is hoping republicans can come back to the table on stimulus. Moments ago, we also heard from larry kudlow as well that they also wanted to try to move forward on stimulus and come to some kind of agreement. Will they or wont they is really the big question, what the s p taking a nosedive as we are stil
Life well planned. The freeman foundation. By judy and Peter Blum Kovler foundation; pursuing solutions for americas neglected needs. And by contributions to this pbs station from viewers like you. Thank you. Welcome to outside source. There is now a vaccine for coronavirus. The u. S. Firm pfizer says it is 90 effective and the results are huge step forward in the fight against covid19. Ive nevers felt professionally such a moment of joy. We were jumping up and down in the chairs of joy for humanity and medical advances to put an end to this dreadful pandemic. Ros stockmarkets have surged on hopes of a return to normal, or at least Something Like it, but there are huge challenges to getting the vaccine to all those people who need it. The u. S. Meanwhile has passed 10 million cases. Joe biden set up a task force and made tackling the pandemic his first priority. Meanwhile, donald trump is still refusing to concede the election and also sacked defense secretary mark esper. To figure a w
Chancellor unveils his 30 billion pound stimulus package. We will get reaction from the labour party, his counterpart joining us shortly. Life aliveds london, sitting in for francine in the early part of the program. The london market is the real laggard. Well. X in germany going s. A. P. s numbers certainly a big weight in the dax and a big help in those efforts. We do see a little bit of stalling in the risk on moves. We see some of the oil price moves, down by. 7 . Checking ino worth on. Angela merkel in brussels calling for a huge amount of cooperation needed to save europe from its current challenges. Lets get a first word news update. Morning. Global coronavirus cases have exceeded 12 million with the u. S. Now counting for more than a quarter of confirmed infections worldwide. California and texas are reporting a surge in cases. Says the fed president renewed threat is adding to pressure facing the economy. She says these numbers are troubling. Australia is suspending its extrad
Reappearing here. I am a new new jersey girl. There has been a new executive order signed by Governor Phil Murphy about wearing masks. At us check on the markets. On the back of some of those concerning headlines regarding deaths in florida and texas because of the covid crisis. The Dow Jones Industrial coming off by one playboy percent. And some risk aversion in europe. Tensions between the u. S. And china. The u. S. Dollar continues to show some strength. Keep an eye on that market and Pay Attention to the dollar and what happens with the hong kong dollar and the chinese yuan. A lot of risk sentiment is being reflected in those assets and it could be a key on how u. S. Markets trade on friday. Concerns about the supply side. Field in libyan production. Sinking below 40 a barrel. Let us get to that exclusive interview. Take it away, david westin. To our Bloomberg Radio and tv audience, worldwide, im david westin and we are joined by the governor of new jersey. Thank you for being back
In a forum talking about the Economic Impact of the coronavirus on Small Businesses. This event is hosted by x euros. Good afternoon and welcome to this axials Virtual Event. Its one of the biggest topics facing our nation which is Small Business in the path to recovery. We like to think into it for making these conversations possible and think the event team which is on the second half of todays doubleheader so thank you for these Virtual Events. We love for you to follow along at axios events. Can follow us on twitter at at axios. Our first guest today started a Small Business, sophia dickens, will be with us for my home state, orange county, california. Sophia created eQ Entertainment and she founded that in the brand to wander and this is a curriculum, among other things that helps people learn at home which suddenly has been in more demand. Sophia dickens, thank you for joining axios. Thank you for having me, mike. How is california . I wish i were there. California looks sunny bu