And the couple of months. Togetherr euro coming to make the short term inflation outlook for the euro look a worse. Alix even though the words she said we might have heard before there is debate developing for the ecb. Are they going to be reactive or preemptive . That really hinging on inflation targets. Maybe we will get more on that over the next couple of days. In the markets, a fierce rally in europe, the u. S. , a lot of money pouring into tech. The nasdaq 100 futures are being shorted by the most since 2006. Pop. E seeing a last week it was about the stronger dollar and now you need to sell the dollar top. Yields go nowhere, oil goes nowhere. Now ofraho joining us ubs. What the ecb says, what the fed says in stark contrast to stimulus. In the u. S. , there is giveandtake on either side. What happens if we do negative stimulus deal . Jason the fed is going to be reactionary. We are fairly optimistic about the economy. Howell said he was on the optimistic side poweel said he is on
End. Reversing what we saw last week, 128 handle on the cable rate. We saw bank of england pushback earlier. Eurodollar, we are trying to get a 116 handle. 11645. The virus is setting the tone for growth in europe. Global covid19 cases are topping 33 million. We are nearing one million in death. Angela merkel warning germany could face more than 19,000 cases by christmas. The u. K. Health minister refused to allow more restrictions despite lawmakers pushing back against government curbs. Joining us from brussels maria, what have we learned about restrictions from different governments . We havent really seen anything new except for what was already announced last week. It has deftly changed in terms of perv Public Perception and tone. Story making headlines across europe is that warning from Angela Merkel that she is concerned about the virus. She is concerned about the number of cases we could see heading into winter and flu season. You have that number narrow there at 90,000 perhaps
Sector trading higher and you also have the tech sector higher , both up more than 1 . You want to see those financials and Industrial Companies take the lead and that is exactly what is happening today. Another way of looking at that is the reopening trade is doing well, even as this years defense is holding its own. David the one thing that does not move at all our bonds. It seems like the fed has nailed those to the floor. Abigail it is amazing that we have had bonds trading in this range. It does feel that the fed they have even said they have nailed them to the floor until 2023 unless there is a risk off scenario that would cause a bid to bonds, which would mean yields would fall lower. You may see yields hang out in place. It is interesting, your point is proven today because you have the major averages up more than 1 , up for a third day in a row and yet bonds are basically flat. On a day like today you would want to see bonds selloff. That could also signal anxiety around the d
Woodward in march this was terribly deadly and contagious at the same time he was saying to the rest of us do not worry so much. Jeanne this is not the conversation the president wants to be having. Any top of the pandemic does not work for him politically. This is not what the campaign wants to be talking about. More importantly, we have a president on the record admitting he knows how devastating and deadly this is, and many months later you have 190,000 americans dead, many of whom have been sick and ill as a result of this, and you had the president , months after he told bob woodward how bad this was inviting people to places like tulsa and saying you do not have to worry about safety protocol, you do not have to worry about masking, you do not have to worry about social distancing. This is being drummed up by people who want to get me. When he is on the record with bob woodward he is saying the opposite. The president and his team have to explain why he is saying one thing privat
Were here to talk about the president ial race, the Key Senate Races obviously. Lets start with a piece of yours, divided party or big tent. The subhead says while the gop is straining ability to governor, democrats divisions are propping up a big tent for now. Tell us about the democratic side of things first. Joe biden has some key decisions to make here in the coming week or so about who will be his Vice President ial pick. What do you think that comes down to in terms of the important things in his decision . Whats going to count most . Right. I think the number one issue for joe biden is doing no harm. The Vice President ial pick is only going to have so much of an impact on the general election in november. What hes probably most concerned about at this point is making sure hes choosing somebody who is not going to hurt his prospects. Luckily for joe biden, democrats are not in a majority in the senate and they do not have control of the white house. That means that all those dem