Julia south delhi reporting from berlin. Thank you. Lets get to developments in the pandemic now. The German Health authorities have today reported a record 410. 00 coronavirus related deaths. Its a milestone which comes as the 16th state leaders are set to decide on stricter lockdown measures. They have reportedly agreed to extend coronavirus restrictions into december with celebrations for holiday event able to take place. Now, new daily infections have leveled off, but germanys caseload remains stubbornly high. The pressure is on for the German Government to ease restrictions for the most important time of the year. For many christmas celebrations. Right, nobel in stone dam and Market Square would usually be packed with people and show you the christmas market. Its been cancelled. People will be allowed to gather at home for christmas, but in smaller groups, many accept the reality that this year is different. Theres going to be naturally some of the posts, and its national. Its goi
To be a bit of a loosening after. There was a lot of pushback, both from the industry, but also from the public. Are now obviously in the 1st wave, germany was praised for its handling of the pandemic. So where did it all go wrong . What happened during the 2nd wave . Well, what we saw a couple of weeks ago before this lockdown light, as it became known, was put into place was germany heading into an exponential phase. That means where the pandemic threatened to get fully out of control where you wouldnt just see a rise, but you would see the kind of a rocketing of those infection rates. And where does it go wrong . While it was actually still the 1st wave in terms of going into a winter season where people spend more time indoors. When corona english is struck, there was always that light at the end of the tunnel that winter was on its way out. So everybody knew that there would be more restrictions needed once again, the government did allow people to have more of a free life, the in
Retail sales and Industrial Production gained momentum in september. The economy is set for a faster rebound than any of its peers. Global news 24 hours a day, onair, and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. Im Mark Crumpton. This is bloomberg. Vonnie it is 1 00 p. M. In new york, 6 00 p. M. In london, and 1 00 a. M. In hong kong. Im vonnie quinn. Welcome to bloomberg markets. Here are the top stories we are following on the bloomberg and from around the world. U. S. Stimulus negotiations approach another tipping point. Secretary mnuchin and Speaker Pelosi will resume their conversations in about two hours, as the House Speakers preelection deadline zooms. How much trouble are airlines and without federal aid . We will speak to sara nelson, the International President of the association of flight attendants. And a big bet on shale. Conocophillips mobileye Concho Resources, the largest shale industry deal since the collapse
Higher density battery, greener, but the technological breakthrough towards that are still speculative so the market reacted negatively to that news. Right the bull case is that were seeing built today say that if you were to be able to cut the cost by 56 in three years, it would have enormous ramifications on volume, implications for margins and ostensibly positive for the stock. Cramer said it best this morning, if you were a believer going into the event, you remain a believer and if not, maybe youre not. Fair enough its absolutely true that the Battery Technologies worldwide tesla and everybody elses will continue to get cheaper and better thats a given thats just the all laws that support Technological Breakthroughs support that theory so thats already baked into the price. You know, all the disruptive capacity of the technology is already baked into the price theres Everything Else is just sexy brand, elon cult personality who of course deserves all the credit in the world he adm
30, which is interesting and worth bearing in mind we have not traveled that far. The bank of england stepping up preparations for negative rates. You can see quite facing the repricing at the front end of the u. K. Curve as we see the two moving as twoyear prospects of negative rates appear to become greater. Alix more on that boe decision with paul dale, capital economic chief u. K. Economist. Negative rates when, where, the future, how do they do it, when do they do it . I think the answer is probably not for a while, if they even do it at all, which suggests to me that the markets have got a bit too excited. We know that the bank of england has been thinking about negative Interest Rates for some time and said in august for the first time that it is part of the target. And today, the minutes revealed that they have started to make preparations so if they didnt want to use them, they could use them. Now i think that is very different to actually wanting to use them. Back in august,