To challenge records. Eu finance are set to meet today. Italy lays out fresh restrictions. Chancellor merkel urges germans to follow the rules. Bmp bounces back, the french Bank Benefits from volatility. A bullish tone on the numbers. If you look at the bottom year ago, andus a nine months, it is ahead of the target we gave for the outlook for the full year of 2020. We are under one hour until the start of cash equity trading. Good morning. Lets look at futures. Some real strength coming through futures markets sees the european picture up 0. 8 . If we look at the u. S. , we get a similarly positive picture. He saw strength yesterday. We have not erased losses from last week. The coronavirus is still very much with us. Yesterday the u. S. Equity markets recovered to some extent, and in europe, the cac 0. 2 . X up by today we see more of that positive trend. We can see positivity coming through in the asian session. Japan is closed, but we have the asian equity session fairly positive.
The question to come is one next the economic crisis . Dear i say, when next the markets . There was a broad selloff. Major groups losing 2 acrosstheboard. Technology having one of its worst performing days. Now there is no stimulus inside and the u. S. Election is on our doorstep, investors are in a riskoff mode. What would help . Spending. Ays fiscal bill dudley weighed in on that too, saying the fed needs to help the economy. Joe, there is definitely some riskoff sentiment. Joe absolutely. Obviously we have known for a little while that stimulus in the shortterm is the gone. Is gone. And the virus is really catching peoples attention here. This is a great chart. 97 of the s p 500 constituents falling today. That is more than some of the really ugly days we saw in march. We had a few days like this in june and also august. Nonetheless, there was no place hide. As you mentioned, all the major subsectors fell over 2 today. Romaine all right, lets bring in some upon zach, Bloomberg Cros
Plus, relocation, relocation, relocation. Read it has a plan to let its employees work from wherever they are. But what are the consequences of such an arrangement question we ask the ceo, steve huffman. The u. S. Has identified in iran and russia for meddling in the election. We talk about how pervasive the menace is and is potential harmful effect on democracy in our continuing to electioneering series. First, it was an ugly day for u. S. Markets. Tumbling in the worst stock rout in months. Rising cases of covid19 in the u. S. And europe and locked on measures in countries like germany and france accelerating the drop. We get the big picture from Abigail Doolittle in new york. A lot of forces at play today. It. Us through abigail over all a brutal day for stocks and risk assets on a combined basis. You mentioned the different forces. Of course there is uncertainty around the election, but i would argue the biggest force is the virus resurgence in europe. The german dax fell more than
Available. Good evening everybody. And welcome to tonights program hosted by Commonwealth Club of Silicon Valley. My name is Maria Lazarini market president for the division were delighted to support tonights program. The Common Wealth club can you hear me . Commonwealth club convenes some of the most informative and thought provoking conversations from World Affairs to the work place. These forum support learning engagement in our communities. And they raise awareness of todays critical issue. Right now, if you turn on the news or check your twitter feed, youll see there is no conversation more timely than tonights discussion on gender equity and fostering work environments where everyone has the opportunity to thrive. Ive been with bank of the west for over 35 years. So its quite fair to say that ive seen many changes in the Financial Services industry. One shift is the increased role of women, leaders in banking. For instance, bank of the west ceo was named one of the most powerful
Livex is higher three quarters of 1 . All these currencies are falling on the second column against the dollar. The u. K. Fiveyear yield is lower by five basis points. Climbing in the u. K. To its highest rate in five years in september, boosted by the cost of food and transport. 3 , the prices rising fastest pace since april 2012. The increase in tense of five the squeeze on households. Could strengthen the case for the bank of england to hike rates next month for the first time in more than a decade. That view was given some backing by governor mark carney earlier in testimony. He reiterated his views that a rate hike may be coming. Lets stick with the u. K. , the year we officials have convinced economists a rate hike is imminent. More than three quarters of Analysts Expect the boe to raise in november. Up from one in five last month. They predicted that could be the banks last move for some time. The green line is the new forecast trajectory. The blue line is the previous forecast