The news flow absolutely extraordinary. I want to get to the markets in a moment. The president tweeting. Weve got two longer tweets today. Both tweets say get out and vote. We will leave it at that. I am sure we will hear much more from a president in the white house today, masked or massless, as well. I want to go to it is clearly the market story, and a nice recovery here with yields getting right back to the enthusiasm of yesterday. Jonathan i think the three issues youve got to look at, one is the improving health of the president , according to his doctors. Another is the momentum. Three if the prospect that we dont have a contested outcome. Going off of the national polls, and i know the risks around that, this is a snapshot of where things are, not a production of where they will be. The snapshot right now, 57 40 1 , according to the poll yesterday. Cnn, the 57 being joe biden, and 41 being donald trump, that poll conducted from october 4. That is important because we have been
Radio, Bloomberg Television across this nation and worldwide, what you need to know. Moonshot. Let me get to it. Futures, the high for the day. Dow futures up 19 points. Nasdaq futures up 1. 7 . Forest thend ndard and poorest 500 friday, echoing a matter of it is when, not if. It doesnt matter when we get that fiscal stimulus. We will get the fiscal stimulus area that seems to be the message from so many people we speak to. Tom Jonathan Ferro already explaining some of his other properties to us here on our simulcast worldwide. Lisa abramowicz, the political story front and center. Do you link the political story to what we see in market activity . Lisa you certainly see that across wall street analyst reports, saying that joe biden solidifying his lead reduces the election. A contested the lack of uncertainty is what is giving people confidence to go ahead and get long equities and come up with this narrative, that theres going to be fiscal stimulus regardless of what happens. Tom wha
The dog starts nov 12th on d w. I subscribe to do you know where your books are something more in the world we may be captured for. Me books are known to. The new gets the green light for sanctions against the us ruling by the World Trade Organization was expected next up however is unclear brussels pull the trigger or seek a settlement with us in a long running dispute. I also want to show that i enough sees a light at the end of the tunnel predicting the economic damage from the crowbars pandemic will be less severe than expected. And germany will abandon coal as a power source by 2038 poor. What will take its place. Slovakia show him so you can see in berlin its good to have you with us the World Trade Organization has cleared the way for the e. U. To slap tariffs on 4000000000. 00 of u. S. Goods citing washington subsidies for plane maker boeing thats the latest ruling in a long running dispute between the 2 sides comes one year after the trade body permitted the u. S. To impose 75
Particular group of industries and people that are directly exposed to the pandemic. Who come ofople their old jobs may struggle to come back them because people will take their time in going back to certain activities that involve a lot of direct contact with other people. I think the right thing to do and the smart thing to do for the long run is to continue to support those people as they return to their old jobs or find new jobs in different sectors of the economy. Great. When you spoke to us in 2018, the fed was just at the beginning of reevaluating their framework. That younce learned are particularly keen on some of the estimates that you showed of how the phillips curve and inflation trends had flattened over the last decades. Those realizations helped inform the feds decision to engage in the average inflation targeting model. In the spirit of careful what you wish for, should we actually see some of those trends start that itt, do you worry may actually be difficult to turn s
Effect. Is still flat,n and we are watching the korean won, seeing some slight weakness this money. Indonesia is coming on the line at the moment. Chinese stock continues to extend these gains, after the reopening of the holidays. Pointing positive as well. We are spending some Inflation Numbers coming out of india. Where watching the commodities of course. That slide in for the second day. Supply constraints are starting to ease right now. Bolivia and its biggest both owed could be at capacity. And a bit ever treat in iron ore. A bit of a retreat in iron ore. Tom there seems to be potential for the currency to resume gains. Lets discuss now with fred neumann, cohead of Economic Research at hsbc. Let us bring you an update on the nba. The l. A. Acres definitely l. A. Lakers have beat the miami heat. The l. A. Lakers have now won the chairmanship 17 times. This puts them toasted so the caltex. Season one longest record. The nba was effectively frozen out by the controversial tweet back