Budget copper mise. This is going budget compromise. Eu budget compromise. That is going to be one of the stories we are focusing on next week. Brexit talks are a difficult place, according to one u. K. Official. We will watch carefully that story over the weekend. We will see what happens monday morning. Aroundare higher, up by 0. 4 . The payrolls seem to have provided a reason to believe that stimulus is coming. It is interesting to see what is happening there. Bonds on the other side of the atlantic to where i am now, we are up to yield highs, march highs. An aggressive move we are seeing stateside. The pound is 1. 3475. Brent crude catching a bid, just sub 50. 49. 08 is where we sit now. Alix lets get to the latest on the coronavirus pandemic. We learned yesterday pfizer scaledback vaccine targets for 2020 because they ran into difficulties getting all the materials it needs. They say they have fixed that problem now. Joining us now is sam fazeli, Bloomberg Intelligence senior phar
40 billion in mortgagebacked securities. They say the path of the economy will be connected to the path of the virus in the statement. One interesting note at the end. Mary dailey, head of San Francisco reserve president mad to cast her vote as alternate. Minneapolis president Neal Kashkari is on paternity leave. He was into the at the meeting. The birth of their second child happened this week. We think, we believe this is the first time a Voting Member missed a vote because of paternity leave. Back to you, charles. Charles that is an interesting tidbit a lot to go through here. Meantime, folks it is another monster session in the market which yesterday had the best ever postelection session. There should be no question that the worry of a blue wave was the main reason for selling last week. But now the question, have investors moved from abject fear to unbridled optimism a little too fast . Moreover with megagrowth leading the way again, what is the best place to be positioned for th
The index is down 10 from its record highs for the month the dow fell 4. 5 pshs, again, its worst month since march and second down nont a row the stp and nasdaq coming off twostraight losing months as you can see here the moves in october not great hanging into november. But it wasnt all red arrows we have been keeping an eye on small cap stocks they fell 1. 5 on friday, they did end the month higher by 2 for their sixthstraight positive month or sixth positive month out of seven crude under heavy selling pressure u. S. Benchmark currently 35 per barrel, 2 of the downside here for wti crude. Remember, lockdowns across europe are beginning to go into effect and thats sparking demand fears much more on that coming up. But first, around the world, a mostly higher session in asia over night on china manufacturing data hang seng in hong kong up 1. 5 europe is getting their day started. Were seeing positivity in the european markets ftse 100 up. Sticking with europe any developing story thi
Pelosi helping a little bit. She was sounding a little more optimistic on stimulus in the united states, the s p trading down by 0. 9 . Tech is underperforming a little bit, but we saw a lot of call buying yesterday. The pound is recently is reasonably well bid. Big day tomorrow, as Boris Johnson speaks to ursula von der leyen. We are expecting a u. K. Briefing after the eu briefing this afternoon. Crude off of its earlier lows. Now down only 4 . Alix part of that may be, as nancy pelosi speaking earlier, says the trump diagnosis changes the dynamic in the stimulus talk. Stephanie kelly joins us from Aberdeen Standard Life investments, their senior political economist. How does it change the dynamic in stimulus talks . Stephanie it is kind of tricky because if you look at the nature of these negotiations, it hasnt is been republicans debating with the democrats. It is much more around President Trumps desire to get fiscal stimulus, and certainly in light , this diagnosis could shift th
The s p 500 is up. 75 . Stoxx europe is up 1. 72 , the car and the Banking Sector doing well. The dollar is also up, or if paying attention to. And you are seeing higher bond markets. We had a very strong payroll number. The Market Reaction, Oil Initially positive, its certainly beginning to fade and beginning to feel a little more riskoff. Certainly did 20 minutes or half hour ago. Alix lets update the numbers. Let change in nonfarm payrolls 8 million overall. You also had revisions up for the month before back in may. The unemployment rate, 11. 1 . Add in some other factors, it 1 . 1 higher, so still good to keep that sequential part. Highlight, you brought this up yesterday, initial jobless claims coming in higher, 1. 4 million. So we can get excited about the jobs data, but it doesnt take into account when the sunbelt started to relock down. Guy in the big question is will economyn the u. S. Desperately needs another stimulus round, does todays number kind of undermining that . The