Despite restrictions to try and slow the spread of the run of ours. Italy is reporting hospitals stretched to meet capacity, and france is also struggling with a break or number of corona virus. Patients. 74 migrants believed to have drowned after the ship heading for europe capsized off the coast of libya. More than 100 people were on board when the incident happened at the port of the libyan coast guard rescued. More than 40, its the latest in a spate of migrant bird sinkings in the mediterranean. This is the news from bergen. You can follow us on twitter and instagram at news, or visit our website at www. Dot com. , u. S. President truong predicted that the media would stop talking about the coronavirus pandemic a day after the election. But the election was more than a week ago, and people are getting sick like never before. 1000 hospitalizations are at an all time high here in europe 2 weeks into their 2nd national lockdowns, germany and france say that the surge in new infections
Europe, up by 2. 5 . Todays number from barclays, very strong. We are going to hear from jes staley a little later in the program, our interview from early round. The pound bouncing around all over the place. We were into 1. 31. I think this is broad Dollar Strength rather than anything else. Take a look at the bloomberg dollar index. Alix rising covid cases impacting the economic data. Composite pmi for the euro area dropping below the 50 mark, which shows contraction. Meeting. O ecbs next joining us is john hardy, Saxo Bank Head of fx strategy. Does 1. 18 make sense for when you consider the rising uncertainty . John of course, the pressure should be on the downside given the covid resurgence. I think the general take on the could be that if we are seeing this democrat sweep scenario, we are positioning for a weaker dollar for some time in the future. Anything looks fair between 1. 17, and to me, this is the upper area of where we should be. We shouldnt be doing anything and eurodoll
Session, 0. 7 . We are seeing a decent move when it comes to the bond markets. The eurodollar trading up by 0. 1 . I want to show you what is happening. A lot of sound and fury around the middle of the session, but as it has for a long time, the pound going absolutely nowhere. We are up by just 0. 1 against the u. S. Dollar. Alix i feel like it is the same thing now with stimulus headlines in the u. S. Lets get the latest on brexit headlines. The u. K. Says talks are over. Prime minister Boris Johnson spoke on that earlier today. Pm johnson given that they have refused to negotiate seriously for much of the last few months, and given that this summit appears explicitly to rule out a canada style deal, ive concluded that we should get ready for january 1 with arrangements that are more like australias, based on simple principles of global free trade. Under in australia type deal, there would be no competence of agreement, and the bulk of trade would be done under less favorable wto rule
A german port town so lets see what the us functions its like a defiant tone. That theyre trying to tell us what to do here its really shameless the way the United States is trying to manipulate german along some european interests so that your interests come out on top. Moscow demands on says from washington amid reports the u. S. Is honoring troops in crimea the russian if he says terrorists. Kevin owen will be here with your full rundown in an hours time but 1st its crosstalk. Hello and welcome to cross talk where all things are considered on Peter Lavelle over the last 3 president ial election cycles there is clear evidence voters are attracted to the message of not interventionism and are very wary of foreign wars this most certainly helps trump in 2016 but his time in office is spotty at best now joe biden appears to embrace the same foreign policies as bush and obama i guess nothing really will undo mentally change. Cross knocking forever wars im joined by my guest laura fink in
The president ial candidate for the democrats he had an interview with the news outlets are stars and stripes and the men are very clear that he would continue the foreign wars in the middle east should strips would remain there he had doesnt contemplate any kind of cuts in defense spending and at the same time we have like the Eurasia Group foundation which is kind of in the sec its a very centrist and they have research tend to be overwhelmingly the public supports less militarization of Foreign Policy and decrease in military spending and are on the side of ending these forever wars why is joe sticking to the bush obama agenda go ahead mark well i think that its the white the American People want is probably in line with like joe biden wants no one wants to be an endless wars apennine change man is sometimes necessary and you know everyone would last you know in the Defense Budget after 19 years its still worth it how. Well look i think you know but look we can we can just you know