Fromw a bit of whip sawing the euphoria we saw yesterday on the back of the vaccine that was very promising from pfizer and biontech. Lets go straight to the markets and give you an idea of what they are doing this tuesday morning. The focus is on gold, some other things. For example, such as european stocks in general. Again, im excited to speak about the vaccine euphoria and some of the hurdles ahead. Maybe a little bit of profittaking after the rally we saw the last few days. Maybe the question of the vaccine is the question of the day. Bloombergto first word news and laura wright. Lauara the European Union is imposing tax on 4 billion of u. S. Good starting today as part of that titfortat escalation. Spirits, nuts, tractors and videogames. The eu says it will drop the duties if the u. S. Dropped levees imposed back in 2019. The u. K. House of lords has rejected breaking International Law over brexit. Voted to remove the most controversial part of the bill which comes with legal act
Come on, jon. Theent an hour reviewing dynamics. Theres been a real deterioration. Mike Allen Publishing moments ago for axios, and he melds the two stories together. Hes focused on wisconsin and montana being those swing states with huge pandemic issues. Jonathan and yet, wheres biden and harris going to be this week . Biden in georgia, harris in texas. Who would have thought that was to the election, those are the two places they would be. Tom georgia has really been front and center. Londonitical analyst in Francine Lacqua mentions she is focused on george as well. Jonathan new restrictions across the continent, and what are we not talking about this morning . We are not talking about stimulus conversations. This market adjusting lower. Lisa perhaps you can blame the fact that we havent gotten a fiscal deal. Week, wasch a huge andt days to the election, the data does stay pretty soft. 10 00 a. M. , we are getting u. S. Newhome sales. Expect deceleration in the full number based not
Surveillance. I am Francine Lacqua here in london. This is what the markets are doing, focused on the lack of stimulus coming from the u. S. They are also focused on the earnings. I see a bit of zigzagging. The other thing i am watching for is the pound. A lot going on, you know, in the next 12 hours, when Boris Johnson needs to decide whether to abandon talks with it eu, giving the clear signal of what he wants in order to remain at the table. We have a pack show today. Talk top at 9 30, we the irish finance minister that wedonohoe, and speak with ignazio visco, the Banca Ditalia governor. Now lets get to the bloomberg first word news in london with leighann gerrans. Hi, leighann. Leighann good morning, francine. The boeing 787 has been deemed safe to fly. The news comes besides a software upgrade, not being done it for up to two years. The max was founded in 2019 grounded in 2019 after two fatal crashes. President trump and joe biden held separate town halls last night, 1000 miles ap
Welcome to bloomberg surveillance. Happy monday. I am Francine Lacqua here in london. Toin, a very busy week, on the u. S. Election and about 16 days. Looking at futures, the hope is that we will get stimulus, and i am looking at treasuries. The pound already up after reports that officials were prepared to water down controversial brexit legislation and a move that could revive failing talks with the European Union. Also, the yuan seann gains. Now lets get to the bloomberg first word news in london with leighann gerrans. Hi, leighann. Leighann good morning, francine. Nancy pelosi says a preelection is possible, but she has set a tuesday deadline for making more headway with the white house. President trump is confident he can persuade the republicans to back a good deal, renewing his offer to go beyond the dollar amount that is now on the table. Now china has passed a new law to restrict sensitive exports to protect national security. It provides a framework for beijing to fight back
Closing early is not good. It is extraordinary. The difference versus what we have got here is absolutely extraordinary. Francine on the lockdown, it basically gives you a kind of a benchmark, code red, code rain, code yellow, to get a sense of what you code green, code yellow, to get a sense of what you need to do. They are trying to make it simple, but we are not even 24 hours until forest johnson made that announcement. Tom Jacob Sharfstein of Johns Hopkins, we talk to him two times a week, the lead quote today in the Washington Post be inoat it is real simple the Washington Post. It is real simple. Were just waiting for a vaccine. Leighann President Trump says he feels so powerful after recovering from coronavirus. He wants to walk into a crowd and kiss everybody. The president spoke at a rally in florida. His first stop since his return to the campaign trail. There was little social distancing at the event, although some spectators wore masks. Supreme Court Nominee amy coney onret