Is about the two different candidates, two different approaches, stark yesterday with the president fired up in lansing, michigan. And the emotion of mr. Biden georgia, warm springs, which resonates with Franklin Delano roosevelt. I would suggest markets on the move, different than yesterday, yesterday less correlated and today a dramatic correlation. Notice the vix at a strong 36. Francine i think the focus is on these lockdowns, especially in europe, how harsh they could be and what that means for job losses. A lot of the european stocks are at the lowest in five months. We will have extra market checks today. Thats get to first word news with ritika gupta. Ritika President Trump appears resigned to waiting until after the election to get a coronavirus stimulus bill. The president told reporters he will get the best stimulus package you have ever seen. The white house claims nancy pelosi blames nancy pelosi for the delay. Nancy pelosi blames mitch mcconnell. Reluctant tore embrace a
You go to safety. Youre going to buy volatility, yields, bonds, and the dollar. 10 year yield now 75 basis quite a move from just a few days ago. Crude battered, beaten up today. Less demand for those oil prices. Guy absolutely. Lets recap where we are and what is going on. The german chancellor Angela Merkel currently meeting with heads of the german states. We are going to hear from her we think when that meeting wraps. We are probably likely to hear from her as well tomorrow morning. We are also getting Emmanuel Macron a little later on. Both countries moving toward more restrict of lockdowns. Lets get the latest. Maria tadeo joins us from brussels. Theres a lot of ideas floating around. None of this will be official until both Emmanuel Macron and Angela Merkel speak. The idea is we are moving into something that looks like a fulltime lockdown in the case of the french government, that we understand is seriously considering a onemonth lockdown that would start thursday night, going
Investors say there is little chance of warding off a recession. The bank of japan is next. Governor kuroda may be more aggressive as the virus further weakens the economy. U. S. Futures start trading in the negative right now. Under pressure right now. 3 percent. Even after we saw the worst day since 1987. Forident trumps travel ban europe not today well with investors. Take a look at what we saw throughout the session. It was an incredible day on the s p 500. The fiveminute trading. If you can switch up the board, you can see what happened throughout the session. We were down 7 . We did see a little bit of a bounceback around 130 when the fed came in with surprise Market Operations. We have the fed ramping up measures to help the markets and liquidity with more than 5 trillion being promised. 1 30, that Center Markets a little higher. That did not last long. You can see how the 10 year yield did manage to pervak some lower,e but it was still around. 8 . The same thing for the u. S. D
Carbon neutral and she arrives in madrid for a Global Climate summit. And sport Anthony Joshua is having into his world title rematch the leader then after britain weighed in more than 20 kilograms the whiter than his opponents and they were as they get ready to face off in saudi arabia. So Indian Police have shot dead 4 men suspected of raping and killing a 27 year old woman in the Southern State of Telangana Police said they were killed when they tried to escape and while many in india have welcomed the controversial killing some activists describe the incident as a dangerous precedent this report from new delhi. Flowers and messages to congratulate them its the kind of welcome. Nice in india rarely received but in Hyderabad Police are being praised for shooting 4 men accused of gang raping and murdering a 27 year old Veterinarian Dr last week Police Commanders say the accused were taken to the alleged crime scene to answer questions but try to escape one of the suspects is said to h
Patients and optimism, we can get this done. And breaking the cycle hsbc speaks out on the unrest in hong kong. This comes as australias flag carrier said it is taking some capacity out of the region. We are going to do that over the next few months. Take 7 of capacity out. We anticipate this will continue for a few months. This is the manus thing that caught my site line this morning. This delusion. That the fed is making a midcycle adjustment to Monetary Policy. Are we midcycle or is there more . They gave us three reasons for that cut. They said it was an insurance cut. Can you fault those things . Absolutely. The market is baying for blood. They managed to crawl out of negative territory yesterday. Lets have a look at the board. Lets have a look at the chart. Members voted against the move. Are we really midcycle . The feds unity could be fraying. Deeper for longer. Have a look at the risk assets. Dollar yen, if you want to protect yourself against a recession, you want to belong o