Of The Worlds biggest crypto exchanges explains why its crucial The Worlds biggest economy makes the crypto rules clearer. And well hear from the man overseeing them. The head of the us regulator, the securities and Exchange Commission, explains why hes brought so many lawsuits against crypto firms. Plus, the viability of vaping. The boss of the E Cigarette Firm juul tells us why his business has a long term future, even though he doesnt want any young people taking up the habit. Wherever yourejoining me from around The World, hello, and welcome to the show. The us election is looming large, and there are many issues on voters minds, from inflation and climate change to war in the middle east. But despite all those, one republican senator has said that cryptocurrencies are a defining issue in the run up to november the 5th. And hes not alone in thinking that. The place of one of The Worlds most divisive and consequential technologies in The Worlds biggest economy is at stake, after a y
Front. Caroline the question is whatd you miss . Data shows that the u. S. Retail sales rose in september at the fastest pace in three months. Numbers released next week and china are expected to reveal that the nation is on pace to grow this year, with Industrial Production on fire. When you look at the big picture, joe, economic reports confirm that china needs the u. S. And the u. S. Needs china. Their economies are linked handinhand on the industrial and consumption levels. There are many issues between these governments, that we would see. But there is a link between the two economies and it is remarkable. Joe it is pretty striking because so much of the story of the economy, the Global Economy some overproduction in china, it is the opposite. You see this in our charts that Cameron Crise made. Industrialine is recovery of precrisis levels, very impressive. On the consumption side, it is very far below precrisis trends. Chinasuction side of economy is roaring back a lot faster. Ca
Employees are walking off the job after the ceo barred political activism at work. We will have a live report. Venture a longtime capitalist who just took his company opendoor public dont just for look at public and private markets amidst a pandemic and an election. First, stocks climbing on speculation a stimulus plan will get done. Doolittle, walk us through the Market Action today. Abigail something a bit new today, thats the fact that markets were relatively calm, although the word relatively is important. We did have a bullish ending for stocks, the s p 500 finishing at its best level since early september, and for the most part stocks were higher all day. There was one little wobble late in the morning here on the east coast when speaker of the house nancy pelosi said she wont accept a skinny deal on the airline stimulus are bailout for the airlines unless it is colluded included in a bigger deal. Action withe more the dow transport, another. 8 percent. About then that headline c
In terms of the euro, that is firmly in focus. European leaders meeting in brussels at loggerheads over how to rollout the plan. The offshore currency is essentially flat. The fix is essentially 6. 99. That is what the aussie yen is doing. The u. S. Dollar has ticked up 2 10 of 1 after a number of weeks of weakness. We can move it onto look at some of the commodities in the 10 year. A bit of concern about demand destruction for crude given the infection rate in the u. S. Florida, some policymakers saying the virus is out of control in that state. That will be a concern. 40 for wti. You still have this significant divergence between the 10 year, u. S. And china. Rishaad just getting some news from a motor company. It is secured funding from a variety of private equity companies. What it does show is chinese startups promising vehicles. Attracting funding even as we are seeing the industry having a rough time of it. This is leading to x peng saying the Company Managed to achieve the 400
Kong independence and shouting stand for freedom, stand with hong kong. A federal Appeals Court heard arguments on whether it should order of the justice departments prosecution. Attorney sayss there is no role for the judge to play now that prosecutors have abandoned their pursuit. Probe muellers russia powered by more than 2700 journalists and analysts in over 120 countries im mark crumpton, this is bloomberg. Amanda welcome to Bloomberg Markets. Top stories are the that we are following from around the world. U. S. Equities rise after yesterdays selloff. Paring those gains in speculation since the rally is overshooting economic prospects . A look at income inequality. We will speak with a professor his Rice University and about the civil rights protest and his research. Findings on an investigation into the downfall of the exchange. It cost 125 million in losses for 76,000 clients. A quick check on the somets, we are backing off of the gains we saw it early in the session. The big p