Within the perfect Indian Summer of new york, we see a nation counting every vote. Is 2. 5 . Within the counting of votes is the new slow bouncing off of this political moment. Ive got eight ways to go in this opening, and i am going to go jon ferro where you have been, which is the renminbi just moving to new strengths moments ago. Jonathan dollar weakness has got to be the story. We talked about this through the morning. The counting continues. This race is too close to call. This market, the event they are anticipating is a Joe Biden White house, and what that means for the economy and these currencies. They are assuming it will mean a weaker dollar, and that is what youve got on the screen, not just against the chinese currency. It is broadbased through the whole of g10. Tom the emotion in the United Kingdom, i saw the five letter word march and my heart skipped a beat. What are the ramifications of extending a locked three additional months . Jonathan i know very few people who th
See in oil or gold. Maybe things arent all that bad in the underlying real economy, particularly when it comes to china. Coming up later in the hour, we l look at out the china look at the fallout of chinau. S. Tensions. Adc drama is intensifying. Avestors weighing contentious battle over the now Vacant Supreme Court seat. We want to bring in chief austin correspondent Kevin Cirilli for more. What do investors need to watch chief washington correspondent vin cirilli for more chief washington correspondent Kevin Cirilli for more. What do investors need to watch for . Kevin this is going to take up all of the oxygen in the room before the election. Things like fiscal stimulus, continuing resolutions, other potential nonpartisan issues to likely get across the finish line before the end the month, all of the focus instead is going to be on the Supreme Court battle. Judge amyont runners, coney barrett, as well as barbara le goa barbara lagoa. He says he wants to pick within the next couple
Is still streaming night sky is an ever rarest sight for most people on the planet the night looks more like this. We shipmans can shield ourselves from too much artificial light. But plants and animals especially insects are defenseless against Light Pollution we meet someone whos trying to help them the 1st night Protection Officer in a german city. On this autumn evening Sabrina Frank goes out looking for sources of Light Pollution in her home city of folder in central germany she discovers a brightly illuminated plane tree on the university campus. This gets me really annoying people forget that trees have a biological rhythm to the one in the light still has all its lee. Well the one next to it is bad some call that. Too much artificial light has convinced the tree its still summer pronk is germanys 1st socalled night Protection Officer she goes around with a light meter measuring and recording the outdoor illumination 5 lux as the minimum intensity required here for squares and s
Fed set 2022 and what the chairman will say and what i assume will be a Virtual Press conference today. Ofncine we will have plenty market action. We will look at the markets every 15 minutes, including what is happening in treasuries. We had the oecd coming out with their economic outlook. That was released about an hour ago, and the oecd, it is a smarter way of doing it, tom. Forecasting the pandemic would cause a Global Economic slump of 6 here, but if there is a second wave, that becomes a seven point 6 slump. It is a good way of visualizing percent comes a 7. 6 slump. By thewas taken aback differentials between the bar charts of europe and the United States. I did not have in my head how much worse the guesstimate is for gdp decline in the europe verses in the u. S. It is a very good report. Francine it is also because of where europe was in the economic cycle. Lets get straight to first word news in new york city with ritika gupta. Ritika good morning. A warning from jeffrey gund
Matt stocks and freefall. The s p 500 sees its worst session since 2011 and the fastest stock Market Correction ever. 5 trillion in Global Market cap are erased in a week. Virus fears intensify. Cases and south korea to knock 2000 cases in south korea top 2000. Jp morgan joints citigroup and Goldman Sachs in slashing estimates for u. S. Companies, and crude slumps. Oil set for its worst week since 20 11 as well as opecs secretarygeneral says there is a renewed commitment for joint action. A report says saudi arabia wants producers to agree on additional cuts of one Million Barrels a day. Just under an hour away from what could be a bloody day of trading. Futures that i looked at were the worst since at least 2016 on the stoxx 600. Anna good morning. Is this what fear looks like . Markets down by more than 4 . You will see how much scary looking red there is on that screen. Futures in europe down by more than 4 on the cac, as you can see, and expect them to see significant losses. U. S.