With the election less than two years away. Welcome to bloomberg surveillance. I am manus cranny in dubai. The Global Equity rally rolls on. The inexorable roller. We have some breaking data from the euro area. Pmi at 50. 5. The market had preliminary suggested a number of 50. 1. We saw the german numbers on Services Come in at 52. 5 from 50. 8. This roll up in the equity rally is marching on. One hundred billion euros for the recovery in europe. 1. Have a new date, november the politicization of the vaccine has never been more. That trumps any china rhetoric of building up their tech and chip ability. They are going to use the power of the atomic bomb, as they said, to get there. 10 year yields,. 66, back at the level that they were when jay powell spoke. The glaly re when jay powell spoke. The global rally rallies on. There is this reluctance by the bond market to reprice with the exuberance of stocks. Is it about the dollar or the euro . The euro has been dropping for three days. It
We and nbc decided it be smarter to not have an audience in order to do our part to help decrease the spread of the coronavirus. So the shows gonna be a little different than it normally is. Like you, im watching the news and im just as confused and freaked out as you are i know that speech last night didnt help. But what i do know is when were there for each other, were at our best. And i am here for you. We are here for you. I want to thank your staff and crew, many of them who worked from home [ cheers and applause to put on this show tonight. I really appreciate you guys were gonna try to entertain you. Were gonna have dr. Oz on here in a little bit to walk us through whats going on and what we can do so if you want, maybe put your phones down and enjoy an hour of mindless entertainment. Its going to be a fun show. The roots are here [ cheers and applause higgins is here. Now lets start the monologue. Here we go [ light laughter ] steve budget cuts. Jimmy could we get smaller cards
A payroll tax cut to provide shortterm stimulus, pu sources telling cnbc the white house is far from ready to roll out the proposals and a number of Companies Cutting their dividends and Spending Plans guests this afternoon, the ceo of jet blue as the company pulls its guidance due coronavirus jim oneill joins us to discuss the Economic Impact and government responses around the globe and what to do with your money now. David herro will join us as we count you down into the close. 59 minutes left of trade joining us for the full hour, paul hickey and paul, you guys have been doing some research as to how key and how stomach churning this final hour of trade has been this really is the most important hour of the day lately over the last ten days zblsh repeat that. Most important hour of the day. Over the last ten trading days, weve seen an average move of 1. 1 in the s p 500. Weve only seen that five other times going back to the early 80s last 15 minutes of trading, average move of. 8
Saying america is winning the trade with china but the u. S. Deficit is set to balloon to 1 trillion. Hong kong protesters mark one month since gang attacks on the subway. Wantswants beijing companies to toe the line. Shery lets get a quick check of the market close in the u. S. Stocks are higher but after paring back some of those earlier gains, every sector in the s p 500 was in the green. We had Consumer Discretionary and tech leading the way. Not to mention we had numbers out of retailers like lowes. We also had them from target. That helped with investor confidence. We had home depot showing signs that the second half would be strong. We had seen that rally. This is adding to the sentiment. At the same time, we have the fomc minutes. After that, the twoyear treasury yield rallying. And we have eight the yield curve and we have the yield curve inverting. S p active futures up. 2 . Lets see how we set up in asia. Sophie asian stocks brushing off the midweek fumble. Qantas and calls
See how many flowers people brought this every day. So its not may 9 but may 9, here everything is littered with colors. This is a soldiers thing bag with such went to the front, and all the most important things were kept in it, but for me the most expensive things are here. A mug and a glass of my grandfather fell, he went from moscow to berlin, perhaps. Today i am going back in time to those people who were the first to meet the enemy in belarus. If i lived in belarus, then how all the inhabitants of the country carefully kept the memory of the exploits of their ancestors. This is my mothers father, but on the other hand my second grandfather tosya travels every day, and behind me they would probably restore old equipment from the time of the great patriotic war in the swamps and rivers of the republic, there are a lot of them left. What do you think, which tank is the most perfect . Yes, the weapon of victory, after all, ours , i could sew military uniforms according to soviet patt