Mark meadows and treasury secretary Stephen Menuhin called the lawmakers to pass individual lesson legislation including redirecting 130000000000. 00 in unused funds from the Paycheck Protection Program which was part of the relief package passed in march now although at this time democrats in the house of representatives have insisted on a comprehensive relief bill rather than stand alone legislation like that just like uncertainty over what may happen or what may happen to the u. S. Economy and unemployment without another stimulus bill Global Markets rallied on monday so lets go ahead and take a look at the state of the economy and markets with Octavia Moore and the c. E. O. Of optimists l. L. C. Octavio always a pleasure to have you on the show now if theres so much doubt that a stimulus bill could get done before novembers election why is the market so optimistic about it and getting a boost monday are we any closer or is this just you know algorithms taking up all the chatter. We
To north stream 2 now the contentious pipeline which is to transport gas from russia to germany has long and go to donald trump to drive a sell us gas to europe. This is a small harbor town on the Baltic Island of rukun. A lot of tourists pass through but otherwise theres not all that much going on here. What have we done to make u. S. Senators think that they have to threaten us in this way to solve to bomb. It was quite a surprise when it suddenly became the focus of an International Political fight the latest iteration of a longstanding conflict the mash owes us a letter to the company that manages the coltons us net which is majority owned by the municipality it was written by 3 republican u. S. Senators in august threatening crushing legal and economic sanctions. Thus the letter is a threat. Where they state that they dont want nord stream to to be completed by ford thats the main point on dime the thread is directed at our port because we have a plant there that used to case the
And tom keene. We welcome all of you across the xm,on, particularly sirius jenna 119. 119. Morning channel good morning on bloomberg television. 40. 59. Oil, one of our themes today has been the hateful language we have seen from some of our talent, and i want to go to alex morales writing on your united kingdom. The Prime Minister facing a northern revolt. That is hate filled. Theres no other way to put it. What is a revolt up north . Jonathan i think it is an accurate description. Manchester is being pushed into tier three, the heaviest set of restrictions. The labour mayor is pushing back. Back against boris johnson. He is being asked for more money. That is the sense of things, that we are not in it together. There is much more Division Within countries, and not just the u. K. You have seen this playing out in spain, and you will see more of it through europe through the winter. Tom the division in america is seen by the debates last night, debates plural. It really comes down to a
Trading partners around the globe including europe. Oh well come to made to the us election a vote for free trade well thats our topic today do you remember what the world felt like 4 years ago in autumn 2016 europe had just started to come to terms with britains brics referendum yes thats 4 years ago and the bookmark makers they got it all wrong back then and they also got it wrong with predicting the outcome of the us election Hillary Clinton did not become the president of the United States well i dont know if the polls are right this year but i do know that for the Global Economy right now a lot is at stake. The u. S. Election is just days away the outcome will Impact Global trade. The question is how a quarter of all jobs in germany depend on export industries. Cannot. Overstate the importance of the transatlantic relationship its really without alternative. Zen of borg an inch tall being the varia make for Material Handlers and cranes annual sales were 420000000 euro news in 2018
Results so i think would like to see a kind of we dont have a clue it would be a quite some time the kind of been. Much much worse this. d position so i think were going to see after the elections. We have a christie i believe us cohost with us as well whos just joining us now i want to propose that same question to you where do you see markets going in this next month and what or what effect will these Upcoming Elections on Global Markets and markets here in the United States. Well i think that 2020 has been a year that has been just marked by surprises and the unexpected so right now the real fear isnt about placing bets on whether or not or the real fear is that the results of the election wont be identified but on november 33rd and even if a winter is identified the transition they dont think its going to be a smooth one so there is the possibility that the election will get disrupted and could potentially even lead to violence so to that end a lot of investors right now they are f