Stepping down after arguments over strategy, the bank prepares its search for his successor. Morning, under one hour until the start of cash equity trading. Equity markets under pressure. The futures picture shows relief. Ftse futures up 0. 4 . U. S. Futures point to the upside, up 0. 8 . Global stocks up 12 in november, the biggest monthly gain on record. Lets not forget that will me think about the losses yesterday and the rally he will maybe see today. Greens what we see now, a picture and it comes to the asian stock markets. Data from to take asia whether chinese or korean on the factory side. Be taking aems to turn for the better. In china a decade high for chinese manufacturing. Up on thed enthusiasm, and commodities in focus. Oil prices moving to the downside for a third day. No deal yet on opec and opecplus, and their plans for january. That will be a focus on thursday. Lets get a first word news of eight. Laura president elect joe biden has chosen janet yellen as his treasury
Market we have a great lineup of guests coming your way well speak exclusively with Morgan Stanley ceo james gorman. His take on the markets come back the read on the economy and the strength of the banks. Plus, you will hear from the ceos of macys, Signet Jewelers and brown foreman. Theyre joining us to discuss their path forward for their respective irz stroo respective industries. But lets begin with the Broader Market the rally, take the pause today following the rapid surge that pushed the s p 500 back into territory for the year if we close higher well get another record close for the tech hefin dechl. What you are watching . It does look that way, sarah. A recoil from the recent trends. The headline index is pulling back outside of the index. The majority of volume is to the down side. This is one day where the indices are understating the weakness they want to take a look at the one year really all the pullback meant is a little dip below 3200. It held there and bounced modestl
Have to have a clean speech soon, if you listen to what i said in my speech, there are lots of things that need legislation, we will need to have a budget very quickly and by the way, that thing not connected tonight as we will have a budget with the preparations for a no deal brexit and big business tax cuts and the first week of september. Applause. And then well have the queen speech earliest available. Applause. And then well have the queen speech earliest availablem you can give me a date for a budget why not for the speech . As much as i love you and ive gotten to know you. Steady now. Ithink love you and ive gotten to know you. Steady now. I think there are some things we do not need to talk about in the public arena. So the which ill agreement, is it dad . As it is now, yes. We have to be dead. I wanted to get a deal, and so we have to make some profound changes to that agreement, not that does not mean ripping up the whole thing. But it does mean that backstop has to go. Entir
Welcome back. Thank you very much. How was the holiday . Very sunny. I think i timed it quite well. Ive missed this wet patch that everybodys been experiencing ive come experiencing and now ive come back are you . Back to sunshine. Where are you . Of france. Yeah. South of france. Yeah. South of france. Yeah. Its lovely. Yeah. Really nice. Can you imagine . And you were just saying that you were busy boozing the flight last night. Well, i had glass of well, i had had a glass of wine, of course, on a wine, but, of course, on a flight, you have to have a little mini bottle. Oh, and it was about 6 00 in the evening. I thought would having thought everyone would be having a drink, but maybe everyone had had on their holidays. Had too much on their holidays. And was drinking and it seemed i was drinking alone flight home. Alone on the flight home. Yeah. How many bottles did you have . No, just the one. Just the one i was working on. Getting the cider. Might getting the cider. I might not dr
Offices or labs. Another building was approved, a large building was approved for ucsf on the south side of 16th street was sold to dropbox as their headquarters, and they are taking over a building at a location that planning thought was going to be a large medical building. And this building additionally had illegal it had an enforcement action against it because the tire shop owner rented to a person who used [ inaudible ] so im asking the Planning Commission to goesimpa condition that all plans for the interior improvements have to be routed to the Planning Department and evaluated in terms of the use as office because ive been talking to the Zoning Administrators Office about their chart of office uses, and i questioned why this project wasnt on there. And they said well, if they apply if they change the use to be office under the planning code, they will have to get an Office Allocation. Im a citizynical about that, i think that tells you that you have to be paying attention to t