Questions were raised over astrazeneca trial results. The ceo telling bloomberg within the last few minutes that it will now likely as a result run a new global trial, saying, now that we have found what looks like a better efficacy, we are going to have to validate this, and we need to do an additional study. It looks like it is going to be half of those full dose that could produce a higher efficacy then maybe a full dose. Europe and the United States continued to struggle with containing the virus resurgence. Germany is seeing a record increase in new cases, while new york cases are approaching 7000, hospitalizations hit their highest since june. Here was more is bloombergs, china here with more is bluebirds emma chandra here with more is bloombergs emma chandra. Emma astrazeneca are going to look to have a no other global trial to test the efficacy of the half dose, which they think will be better, and getting some more troubling figures out of large economies. The likes of new yor
Everyone here is really waiting with baited breath on who the president of the United States is. We understand through the counting that joe biden could win it. It is razor thin, but we dont know for certain. The markets dont expect some kind of surprise, which is why they are stable and up. The other story is the bank of england, talking possibly about negative rates. Although, not for now. Guy johnson in the conversation with the governor talking about the Downside Risk. I think we have learned earlier this year with thoughts of covid, that we act both andkly and we do at clearly scale. We have a very substantial genocide risk on the forecast, and a lot of that relates to how covid itself will evolve. The bank ofernor of england. Extensive comments on this. Really important interview, mr. Johnson, with Nestor Bailey on the bank of england. I should note, sterling rallies nicely. Some of the headlines this morning are pretty shocking. Let me do a data check. Jonathan ferro just emaile
Nation, be the ramifications are worldwide with the first votes in the two towns of Dixville Notch and mills field, New Hampshire, and then on to the polling occurring right now. With that is information flow, and jon ferro, weve got to bring it right up to the moment. One of the candidates in on his favorite network. Mr. Trump saying he will only declare victory if there is one. I guess that is a change. Jonathan the president adding he think she is winning in texas, florida, and pennsylvania. It might be a little bit of a change, but it is subtle. I dont think the president was ever going to say that he would call the election result if there wasnt one. That wouldnt really make sense. But it does speak to the tension that is coming into this election day in the United States of america. Really absolutely massive area of division between these two candidates at large and the company is split, but the interesting split for many of us looking at this play out is between the early voting
Future signals against are set to continue. Commerce bank swings to a loss in the Third Quarter as the pandemic and restructuring charge hits revenues. We speak with the cfo shortly. Good morning. Plenty to talk about on the u. S. Election front. Breaking news on the bank of england. Maintaining its benchmark Interest Rate at 0. 1 , entirely expected. The bank of england saying that was the news amount around maintaining its Interest Rate. They are raising the total bond target. Unanimousf englands on this Interest Rate and bond purchasing story. We will speak to the governor of the bank of england at 11 00 this morning london time. Stay tuned for that interview. Pound toor a in the this announcement. A pairing of losses coming through. Get some analysis. Dani burger is outside the bank of them went for us. There had been an expectation that as lockdown measures are extended, implemented in england, even if it is less strict than march, we would see more coming through from the bank of
Joe biden says hes feeling good. Higher. Looks to be texas, florida, and arizona are among the states reporting big numbers with no signs of disturbances so far. And the other major story today, groups in hong kong and shanghai demanding capital control, throwing jack mas empire into turmoil. But, of course, there is one story it is the u. S. Election. Election day coming to a close in the u. S. Some of the polls closing and the key battleground states and over the next hour or so and starting to see whether the ballot shows a shift to what the markets have really been pricing in, which is that strong blue wave. Take a look how we are setting up after the u. S. Had the biggest twoday rally and since september led by financials and bank shares, treasury yields. On anticipating that as soon as the election is Done Congress will deliver a spending bill. Shery, a lot of the action going to be in currencies. Shery definitely chinese yunaa, one to watch. We are watching the Immediate Reactio