Abramowicz. Tom bloomberg radio, bloomberg television. Good morning. Bloomberg surveillance. Jon took me off the ledge over tonight. Tsarsenal for and then sunday evening, a bombshell from the New York Times. Jonathan i never thought we would start an hour with english football, but we seem to do that now. I dont want this to be the story, but lets talk about whether it is real or not. I understand it is an important story. I understand it is sensitive for many people in america. But far too often, there has been a highlight reel of news anchors sitting there saying the word bombshell, and it has done nothing for the polling of the president of the United States. Are you convinced this will . Tom not at all, and Kevin Cirilli making clear it wouldnt have an effect on the very few, if any, undecided. The comment from the New York Times that there would be comments to come. In the markets, up, up. If we keep talking, we will be up 50 points on spx. Right now we are up 44 points. Jonathan
And lisa abramowicz, im jonathan ferro. Is one of the worst charts in the world. With the Stoxx Bank Index hitting a record low, you wonder where that folds into the system. Jonathan theres a line i remember from the former ecb president mario draghi, when he turned around and said rates have to be lower and out to be higher in the future. It was 2014. They just went negative. They are still there. Will we generate an economic recovery on the continent that leads to higher Interest Rates . The answer right now is not any soon. Tom bring up that chart. It is really an elegant chart. This is the thing that we were talking about. It is the xaxis of all of this. Whether it is the european back malaise pushing back 12 years, even 14 years, it is the duration of these agonies we have to focus on. Jonathan weve just never recovered. This week, the equity benchmark , the daxurt, germany since then, we are down, we are down almost 6 . Tom how do you measure the mystery of what is going on and w
Happens early into next week when this more that and check out your 4 zone forecast as well robin. Thank you dave were also following the latest on the s c you lightning complex fire check out the map here. Thats made up of 20 different fires that are burning across 5 counties inland. A 102,000 acres have burned so far as what is quite large the flames are about 5 contained so they are making a little bit of progress but keep in mind that to First Responders have been injured. Now the warnings have been upgraded to mandatory for east of San Jose City limits check out the list here. South of Mount Hamilton road north of metcalf road and san felipe bay road east of the county line east of antonio valley road to del porto canyon road. All the way over to the county line. Those areas under evacuation evacuation orders also remain in place for Santa Clara County. North of one 30 all the way over to the county line west of San Antonio Valley road west of mines road to the county line east of
David w very blake burman in washington, d. C. With the latest. Reporter treasury secretary steve mnuchin, chief of staff mark meadows set to meet with the top two democrats. Nancy pelosi and shuck Chuck Schumer. It was this time yesterday that the Mitch Mcconnell released Senate Republican plan. You can fast forward 24 hours to this moment. There is very real acknowledgment from Senate Republicans in this town, even though they have that framework what they want going forward, there is still not a consensus among republicans about whether or not they stand behind this plan. Watch here. At the moment we seem to have unity and disagreement. Thats the bad news. The good news is, how can i put this . Were for the most part were gnawing on the same bone. Were just gnawing at different ends of the bone but at least it is the same bone. Reporter many issues of contention for schumer and pelosi they say the republican plan tries to quote, bully schools to get open. They take issue with tax br
He is saying the argument from the white house is there needs to be an incentive for businesses to keep employees on their payroll and not furlough workers. Those incentives will help protect the economy in the long run. Moreemocrats are saying investment is needed immediately into local governments and cities throughout the country in order to prevent furloughs. It is more than just a price tag. Dug in onoth sides ideological points ive not seen in covering these fights over the past several years. Guy it seems like david it seems like there may be it is hard to argue compassion when youre cutting people off from their supplemental unemployment. What is the word on timing . Nancy pelosi had her heroes at two and a half months ago. What did they figure out in that time . Kevin yesterday i spoke with at least one Administration Official who told me they are fully prepared to utilize executive orders as it relates to evictions, as it relates to financial Unemployment Benefits, and on stu