College we need to focus on. Tom not only be Electoral College but the outcome. Divya weston gets to Election Results on the west coast tonight. There are any number of ways to slice it. My opening comment for the next 30 hours is simple. We have seen this force. This is part of america, it deeply divided america. There is nothing new about that. What is new is the social media, the cable tv concentration, the emotion in your face. It used to not be that way. Maybe we can all get comfortable by milford, New Hampshire, where they voted early, probably without tiktok or twitter. The last when its time we talked about a not so peaceful transition of power in the u. S. . We talk about possible social unrest in the u. S. I was speaking to a senior banker yesterday at one of the largest swiss banks, and he said the Trading Floor is fully prepared overnight to see whatever happens, they are prepared. It could become if there is a big surprise, it could be see extra so we will market checks to
Three basis points. 250 on the 10 year yield. Lets turn to all of our top stories. Germany is recording more than 1000 new cases where a day and spain reporting its highest number of infections since april. Theing meet with more is Bloomberg Intelligence director of research. Put these numbers into perspective for us. Obviously they are going in the wrong direction and germany was the the one that poster child of at least severe numberost thanaths per population other european states. The cases rising are not nice to see. I am not complete surprised in terms of what is going on. We have opened the door and we have allowed people to start moving around. We have allowed people to roam around the street and go to beaches, etc. You can tell people as much as you like that we are social distancing and you cannot enforce it apart from closing areas where you where these clubs,spread, bars and etc. Leader haspanish gotten a lot of flak about being on vacation and not taking the same role he t
It was above 59 at session highs come about right now just below that once again. The worst performer in the s p 500 right now, brownforman, the maker of jack daniels, among other spirits. Guy in europe, the picture fairly mixed. We been watching equity markets throughout the week be buffeted by the trade story, and we will continue to watch that. European stocks dipping over the last couple of hours. Lets go to vienna, where delegates are telling Bloomberg News that an Opec Committee is recommending an additional cut of 500,000 barrels a day. Bloomberg spoke exclusively to nigerias oil minister, who said his country would agree to more cuts if needed. It would be a tough decision, but we will have to cut, yes, if that is the position. Joining us from vienna, bloombergs Annmarie Hordern. What effects will these cuts have . Cuts wouldell, these take it from 1. 2 to 1. 7. The big question is distribution. How will this be distributed . Thats what the Russian Energy minister alluded to. T
Futures for tech. Lamborghini rolls out a luxury suv. We will speak to the companys ceo at 9 00 a. M. U. K. Time. Looking forward to that. Matt absolutely. I am looking forward to seeing how we open up this morning because of that tax news out of the u. S. It will be interesting to see how this rotation continues in europe. We have some chipmakers. In finney germany and the Big Industrial Technology Companies across the continent. Take a look at what we see in the futures, positive indications with the exception of the cac 40. There is a catalonian issue we will talk about as well. Although very little change in those Index Futures on the dax Index Futures. A gain of 1 . Take a look at treasuries. Not a lot of movement. The perception of a dip in yields on friday. We have been trading pretty sideways at 2. 388. 2. 4 percent but not going much above that level. Guy lets take a look at the gmm and show you what it is showing us at the moment. And want to focus on what is happening over h
About to make his biggest deal ever . Greece said creditors could be struck as soon as tomorrow. This as Alexis Tsipras ahead of a crucial debt repayment. Shares in china have seen their biggest oneday gain in a month in hopes that beijing will embark on further easing. This after falling towards a sixyear low and export s slumpd 8 in july. Joining us, jpmorgan, josh, a very good afternoon to you from london. Lets just sum up the latest data release that weve had over the weekend, saturday and sunday. How disappointing is the data in your eyes . Sure when you look at exports and imports, clearly theres been a significant slowdown. We normally look at things like fixed investments. Things like commodities just up 9 year on year. And investments up just 4 year on year. Clearly theres more scope of easing on the policy side. Just what the market is expecting today, the shank had hi composite nearly 5 . So expecting some more easing. What sort of easing are you predicting to see . And will