Rally has fed into crude. Propelled thates price. People look beyond the covid to a look beyond to a returned to normal. Gold pretty much stable appeared bitcoin at record highs. Up about two thirds of 1 . We have a u. S. Dollar index unchanged. Lets have a look at the copper price. Copper advancing. The highest price and a more than six years. It is under president elect joe bidens formal transition. The hope is there will be a move toward a Lower Carbon Energy future. That britain the outlook for its demand. As has what is going on in china up. Joining in all of that. Lets have a look at the transition in more detail as we get over to new york and join Karina Mitchell for the first word news. Introduced biden has his foreignpolicy and Security Experts as he seeks to calm relations with International Friends and foes. The president elect is promising a multilateral approach, reversing the America First tragedy of the Trump Administration. He will prioritize ending damaging executive o
Biden has one of the u. S. President ial election after sealing victory in the battleground state of pennsylvania the 20 electoral votes biden won in pennsylvania have allowed him to serve past the 270 Electoral College votes needed to win the election according to projections by the Associated Press hes also picked up 6 votes in the giving him a total of 290 electoral votes to republican president Donald Trumps 214. Weve been hearing some 1st responses from biden supporters gathered on the black lives matter plaza in a washington d. C. Thousands of people there have been gathering it just blocks from the white house in the last days we wont. Believe there are. Going to be there is 3. Very thankful so todays events here with me in the studio do we have reaction from a donald trump to this projected victory from the i do i just got this statement from one of our producers it says here and part we all know why joe biden is rushing to falsely pose as the winner and why his media allies ar
The unification treaty in 1990 saw on the ends of east germany now all germans share one parliaments and one currency and today only remnants of the bally wall remain. And with that of war welcome to this special edition of your own max well be taking you on a 2 of the german capital including places where the german german divide has left its marks here at the pot some up lots this is where the border used to run and for a long time it was a barren space there are no signs of it here today in todays program we will meet a winner of germanys unity define love without borders and taken a star look back at the berlin techno scene yeah but 1st we meet an artist who hurts to shape the image of birdland after the unity jim. Jim and the young created a 15 me to stretch of the east side gallery the longest remaining section of the berlin wall. We met him by his artwork at the famous open air gallery. Thank you the. Complex song i think german unity was a complex and difficult process and i th
Crude getting wrapped into all of this. We get inventories coming out at 11 00, all of that wrapping into the story that maybe we arent that good at dealing with the virus again, despite what happened in the spring, and how that narrative will feed into your equity and asset allocation. The other story we are following his Morgan Stanley, the last major big bank to report earnings. Really wrapping out a winning week for wall street trading desks. The highlight was fic revenue rising 30 . That helped drive revenue above estimates. Also, equity underwriting fees came in double more than year before. Very solid. Now the question is, can it continue, particularly when it comes to the visibility of the election . Joining us now on Bloomberg Television and radio is jonathan pruzan, Morgan Stanley cfo, as well as sonali basak, bloomberg wall street correspondent. It is good to have you. Killer numbers, particularly when it comes to fic. What visibility do we have now for the Fourth Quarter .
Open. We are seeing curve flattening in the bond market, although btps moving earlier on out of coming from the ecb suggesting that stimulus may not be forthcoming in the near future. The cable rate also tracking lower as well, 1. 2911. Still north of 1. 29, but yesterday we were north of 1. 30. We are down by 0. 8 . Alix lets get back to the virus resurgence in europe. Italy reporting over 8800 new cases yesterday. Leaders from the u. K. , germany and france all weighing in. For londoners and to all who work in our great capital, i want to say thank you for what you have done to suppress the virus once. We now all need to play our part in getting the virus under control once again. I am convinced that what we do and dont do now in the weeks that are coming will determine how we get through this pandemic. We can see that the curves and the infection figures are pointing upward, and some cases quite quickly. A government which is absolutely committed to be divided, that is what the Busi