Come whichrevious also been revised higher. There was some expedition that as prices come up because of the fact you can get cheap lending at the moment or cheap borrowing , you would expect that at some have, that would start to an impact on a month by month basis. Nevertheless, the market was looking for this month on month number two actually slow, and that hasnt happened, which is really interesting and the light of what we are starting to see in the employment market. We saw initial jobless claims out a little bit earlier on. Youre starting to see the negative data could begin from the employment side of the economy, starting to come in a little softer. Bloombergs mike mckee joining us now with the details of that. Michael at one point on the housing numbers, existing home sales or closings, so these contracts were signed a couple of months ago when things were a little better in the economy, and we got low mortgage rates, so the one thing the fed has been able to do is stimulate
Everyone its a question of we or me what will it be i bring gulf in berlin this is the day. To serve superimposed upon a search the 96. 00. County. Number since the onset there. Were likely to lose another 250000 people. And were not in a good place cannot be travelling through solid. Diminish to the extent possible travel christmas is going to be a long one. Also coming up a report from a remote corner of russia where distance is no defense against the coronavirus but with a look at one time there was a huge line of hearses standing in line outside the morgue it was only then that people started to understand that the death had really come. Down to our viewers on p. B. S. In the United States and to all of our viewers around the world welcome we begin. On the day with statistics from the pandemic numbers that are usually attached to natural disasters or terror attacks not to a virus in the United States more than 2800 people died yesterday from coated 90 more than on any other day sin
A special session of the Un General Assembly focused on covert 19 it coincides with the release of a u. N. Study showing that over 1000000000 people could be living in extreme poverty by 2030 due to the long term effects of the pandemic. Firefighters in australia a struggling to contain massive wildfires devastating a unesco World Heritage site Fraser Island is the largest sand island in the world the fires have been burning there now for 6 weeks and have already affected almost half the island. This is doubly news from berlin follow us on twitter and instagram news or visit our website w dot com. Or. Or it goes without saying that in this pandemic no one is safe until everyone is safe and yet vaccine nationalism the race to be 1st in approving the vaccine if suddenly real what happens when nations race against each other hoping to beat the coronavirus with a virus usually wins in the United States almost 3000 people are dying every day from covert 19 more than 100000 hospitalizations
Radio. Alongside lisa abramowicz, im jonathan ferro. Tom keene will be back with us on wednesday. Erasing the mornings losses. Monday morning, we are faced with vaccine news. Some other news as well. We are pushing things forward every monday, it seems. Lisa although it seems like the market didnt respond so much to that news. There seems to be a lot of positivity baked in. So my people who came on this show were saying if there is any pullback, which there were likely be which there will. Ikely be, buy that dip that seems to be the feeling as we bleed higher towards the end of the year. Jonathan this morning, but theyre not out this morning, requestplanning to approval for this vaccine. What we have to think about is what would the anchor expectations on the policy side and on the data side. Later this week, the chiasm claims, payrolls the ism claims, payrolls. Do people start to get worried about the nearterm future . We hear from secretary mnuchin and chair powell this week. A bit o
The russell 2000, another alltime high, up 2. 1 . The s p 500 up a solid 1. 5 . Important is the cyclical reopening rotation we had happening in recent weeks, often it comes at the cost of tech but that is not happen today. The nasdaq 100 is up 1 . This is a bully lock cyclical rotation on the expectation of normalizing economy this is a goldilocks cyclical rotation on the expectation of normalizing economy. I know we have been talking about whether or not it will last. If we take a look at the sectors on the month, it does suggest the cyclical rotation is on the way. Take a look at energy, up 30 . Heading toward its best monthly performance ever. That is the foam oh buying we have around that is the fomo buying we have around energy, but also financials. We have stocks off to the races. Taylor is interesting as we talk about the reflation trade in the outlook for politics. We are looking at bond yields up three basis points on the 10 year, five basis points on the 30 year that goes in