Politics at home and abroad for years to come. The ipo has taken a dramatic turn with jack ma and other executives summoned by regulators. The company ahead of scrutiny. Shery breaking news out of south korea. We are getting the october Consumer Price numbers. Month for month, we are seeing a contraction of 0. 6 , really missing expectations of analysts. Not to mention it is a slow down and Inflation Numbers from the previous month. Not surprising given we had a pickup because of the weather related issues. We had monsoon season. And lowerlf Pressure Energy prices. Growth of prices is only. 1 which is a deceleration from the previous year. Not to mention it is under analysts expectations. Only in october we saw bright about 30 lower on average compared to a year ago so we are getting pressure on both numbers. For now, lets turn to the market. We are seeing u. S. Futures slightly higher online. Lets turn to sophie in hong kong. S p adding about 1 10 of 1 at the start of the session in a
Sparked by a regulatory crackdown. Tencent earnings are out later today. Kongs of hong prodemocracy lawmakers resign as beijing tightens control. Carrie lam supports banning those not deemed sufficiently patriotic. Lets look at how things are shaping up when it comes to the start of the session. It continues to get some of that rebounding onring concerns might want to stick to. Rade could berecovery somewhat stop start. It did not move on rates and did at stimulus and effectively pushed back expectation for the timing of relative rates aired the kiwi market not pricing that in all of 2021. The nikkeis little bit negative but the top x are wiping out all of its losses for the ear and looking like that momentum could be sustained. Take a look at futures up about s p hittingsaw the the 10 week i. High. Prodemocracy lawmakers in hong kong are set to resign en masse after beijing passed a to ban politicians not sufficiently stock. I would not say that for members remaining in a Legislative
Anybody responsible for that many deaths should not remain as president of the United States of america. Annmarie the second president ial debate is heavy on policies like the coronavirus and policy, but will it make a difference to voters . We are 11 days away from the u. S. Election. Curfews have spread. Governments deploy more restrictions as coronavirus cases search around the con continent. D the france approaches 40,000 new cases for the first time. Barclays reports thirdquarter results amid the pandemic today. Investment banking revenue should offer reprieve. We will ask jes staley what is left for him to do at the bank. Just gone 6 00 a. M. In the city of london. Very good morning to you. If you are just looking up in tennessee, there was a much more composed and coherent debate, a contrast to the chaos that ensued in the prior one. The first topic was the coronavirus, which is once again taking center stage in europe as well with cases soaring. That is the news. Lets take a lo
Strong. The risk off fee here is tangible. The sap inp germany. What if you bought shares friday . Francine we understand that it could probably infect or touch the european stocks. We have the october german business confidence, 92. 7. Lets get to the bloomberg first word news in new york city with ritika gupta. Ritika House Speaker nancy pelosi says the chamber could pass the pandemic relief package this week. Still, a deal with the white house remains elusive, and the republican led senate may not act before the election. Both sides accuse each other of moving the goalpost on the legislation. President trumps chief of staff theymeadows is says will not control the pandemic, that the government response will be on vaccines and treatment, not containment. As president mike pences chief of staff and two other staff mirrors have tested positive. Staff members have tested positive. Amy Coney Barretts nomination to the two republicans are being accused of using political power before elec
Will talk about this later on, but seems like europe is edging one step closer to that 1. 8 trillion euro recovery fund, which would be huge, particularly as the u. S. Cant get it on stimulus. So huge that the euro barely budgets. [laughter] alix it could be worse. Guy it is big news, but i think there was belief in the market that this is a done deal, and europe will ultimately come to the right conclusion and make the stimulus happen, 1. 8 trillion euros. So i think the market had already priced this one. As you can see, unchanged on eurodollar on the back of that. We are getting the jobs data coming through. 6. 43 islittle light, the number. 6. 5 was the expectation. Actually, the prior number devised down a little bit as well. So maybe a little bit of softer data coming through, but the market doesnt care. The market is looking through the virus. All of the bad virus news, you can put that in the rearview mirror. That certainly seems to be the sentiment right now. Lets dig around w