Street audience. It is really important to look at the levels here and not the abrupt changes day after day. Moments ago, s p futures 3500. Dow level, 29,000 plus. Nasdaq 100 level, 12,000. That is a market that is adjusting. Jonathan the nasdaq up 9 since election day. Three days, nasdaq futures up 9 . Can you make sense of some of this price action . Tom absolutely not. Jonathan seeing the equity market up this much is pretty impressive. Tom we can pontificate about it. Lisa will have all of the answers about why we are moving up. Just in the last hour, yields come in. Of all of the political debate this morning, the one little tea leaf was in georgia. Mr. Biden narrows the gap with 96 counted. Tom you mentioned jonathan you mentioned the bond market. The company continues. Lisa if you want a neat narrative, you can but fun of me and tell me it is wrong, and it probably is, but i think the narrative of the day is that the fed its going to have to provide more support to the economy b
We got a boost from the bank of england a little early around. We will hear from the governor in just a moment. The cable rate, 1. 31. Keep an eye on the critical lines in the sand as we come through tomorrows session. We are starting to see yields a little bit higher here in europe today. A little bit of stabilization may be in the bond market after yesterdays big move, but a much flatter curve. Lets dive into the bank of england decision to boost its bond buying program. 150 billion, a little bit of a surprise. The market was expected 100 billion to be added to the program. Why the bigger number . That was the question i put to the governor. Gov. Bailey i think that was what we learn from our earlier experiences with covid. It is important that we act both quickly and that we act clearly in scale. That was an important consideration for us. The second thing is that we have to meet the inflation target sustainably over time. So a lot of work we did on our forecasts, employing the pers
To the upside. Other news coming through about approvals for future houses as well. The asx up 119 points. Thats move along and look at other Asset Classes. Crude trading yesterday with a 33 handle, hasnt had a huge rally since then. Part of that is down to russia and opec looking like they will not be hiking reduction in january. That news helping to propel oil prices up to over 97 in the last six hours or so. ,old remaining where it was just shy of the 1900 level. Thats ahead of the u. S. Election. The u. S. Dollar index marginally down, the Rate Decision coming expecting a 0. 15 cut in the base rate and we do have in anticipation of all that move slightly higher than that, and thats down to a commodity related currency and the crude price helping that along. Lets head over to new york and join karina mitchell. We start with the latest headlines on the pandemic. Starling fell to its weakest in the month, with an economy already reeling from similar measures earlier this year. France
Be officially called by the fox news decision desk. Those five are pennsylvania where i am, georgia, nevada, North Carolina, also alaska has not been called. The Trump Campaign is mounting a number of legal challenges in these states. The Biden Campaign calling the legal challenges meritless. Well get into both sides on that. Look for a moment at current vote tally in pennsylvania, as counting continues throughout the day, the margin between President Trump and Vice President biden has continued to narrow. President trumps leads with well over half a million votes, just over 100,000 votes as mailin votes continue to be tallied in places like philadelphia. Here in harrisburg, we had protesters out on the streets on the steps of the state capital. A number are still there behind me right now. They have been chanting things, stop the steal, stop the fraud. Well talk about those challenges, the legal challenges on the merits from the Trump Campaign but also keep an eye on the other story,
Welcome to closing bell, everyone im wilfred frost along leslie picket in for sara isen today. Nasdaq holding on to some gains ahead of the holiday tomorrow. Pain in the labor market as new Employment Data underlines how tenuous the economy is nasdaq higher, growth out performed value. Energy under some pressure for a change after a huge surge in november and weve seen strong numbers from Corporate America mastercard said spending remains steady gap the counterpoint that stock is down 20 today alone. 59 minutes and oneday holiday coming up, of course, tomorrow the dow is down 0. 6 . Coming up on todays show, Website Security Company Cloud flair shares are up. Well speak to the ceo plus, riding with unicorns well talk to Founders Fund keith rabois Steve Liesman has a look at todays economic data. Mike santoli is tracking the market action. Deir deirdre bowsa has details. Steve, start us off with the economy. A busy day today. Yeah. The Federal Reserve earlier this month at its meeting d