Tom good morning, everyone. Bloomberg surveillance. And keep her being with us on Bloomberg Radio and bloomberg television. Thisan important our is an important hour. Will join us later, carmen and Vincent Reinhart. Morning,at we see this the only thing that matters. Dollar out to new weakness. Jonathan dxy taking out the lows of early september. That is the dollar index, heavily weighted towards this goal currency. The eurodollar nicely through 1. 19. Another monday with a cyclical tilt. Small caps outperform big tech, largely off of some positive vaccine news. Haddownside surprises weve in the Economic Data over the last week, we need to Pay Attention to that. Im excited to hear what david has to say about that. Tom lets frame that right now. I look at the 55year forwards. The answer is ive got disinflation in the united kingdom, a little bit of a rolling over of disinflation trend in the united states, and is some noland right now. Kind of the wrong upside surprise. That is the labo
North carolina, and ohio whether we will get a clear result tonight remains to be seen the tenyear note level higher than since early june. Banks among the best performing stocks in the dow and the s p. Oil prices are gaining ground but the Energy Sector is the only in the red. Overall a broad based strong day on wall street. Following gains yesterday as well lets get straight to the big stories we are watching. Mike santoli is here watching the market rally. And ylan moi is following the all important balance of power in the senate for us mike santoli, welcome. Good twoday run in the markets. It is inhabiting the ground we were in the last half of last week and gone right to the middle 3,400 is the middle of the long threemonth range. If you think about it it has taken two days to lift the indexes back onto a balanced footing. We were pretty oversold last week challenged and tested the september lows bounced off of that today. Make sure folks are not leaning too much in one direction
Francine one week to go, biden picks up his campaign pace as the senate hands the Supreme Court judge confirmation to trump and republicans. Syphilis Nancy Pelosi Nancy pelosi and Steve Mnuchin failed to make a deal. And chief executive noah quinn cast credit losses. Paybank aims to conservative diffidence. Welcome to bloomberg surveillance. Tom keene in new york, im french on the quad and london. That Francine Lacqua and london. We have hsbc, we talk about dividends. Bp saying it will be a very volatile couple of quarters ahead. Tom the pandemic overlay was still ahead. That was the theme yesterday, far more than the election, it was certainly the talk of new york. Every conversation was about a reinventing of the pandemic. Thee going to try to put nearlyhrough today, not as much damage as you would we are witht here futures up six. Francine and what is also significant is a lot of european countries, there seems to be a backlash against governments that are trying to put too many res
Before the first tuesday of november. From london, new york, on radio and television worldwide, we are thrilled you are with us. There is market turmoil. Futures terrible earlier, now doing better. We are going to talk really interesting dynamics of the depths of the market, which is foreign exchange. We will do that in a minute. Got to look at a president who launched 10 tweets last night somewhere in the vicinity of 2 00 a. M. The president says, watch the great red wave, and that goes to his hope on tuesday. Jonathan and wasnt that the perfect gdp print to take on the campaign trail . Heres the number. Dont mention it is annualized and how big it is. Is it too late to make a difference, given how maybe will given how many have already voted in this election . The difference this time around. S much wider than we have seen at the end of the election, it in a two point lead clintons favor. On the focus of the morning november 4. Somewednesday we will have special coverage for you, but
Dow 30,000. 2009,were you march 10 of while you were up 16 per year on the dow . Spx i believe better as well. There have been reasons along the way to go to cash, and yet here we are with solid doubledigit returns across 13 years. Jonathan and some houses got it right. One of those houses, Morgan Stanley. It was really uncomfortable to make the call coming out of march 2 remain committed to the recovery in the u. S. Economy. It took some real confidence, and one thing that has frustrated me over the last couple of months is every time someone says the easy money has been made. There was nothing easy about going long in early april during lockdown. Lets be clear about that. We are going to keep this short with mr. Wilkinson keep wilsonort to get mr. Of Morgan Stanley, but we are not even seeing the version of those trends, are we . Jonathan not yet. Bank of america proposes holding the bonus pool flat for traders, this on a year where in the first of nine months, revenues or bank of am