Says the first rollout could happen by mid december. The g20 discusses the virus and the potential remedies. Shotspledges to make available to all and President Trump wont say if the u. S. Will join a global effort. Haidi we are setting up for a cautious start to trading. The aussie dollar holding pretty steady. Kiwi stocks are up by half a percent. We are seeing the kiwi dollar trading just flat. U. S. Officials say the first vaccinations could be administered in just three weeks if given the green light for emergency use by the fda. Aboutare still concerns how poorer countries will be given access to any vaccine. The vaccineke Development Team has an aggressive timeline. Be do we expected to achieved and a lot of people are concerned about equitable access. Of movingre a lot parts here. A lot of movement around the world. Drug administration has an advisory meeting that day about the vaccine. Health officials really seem to think that approval could be forthcoming at that meeting or
Indicating it. We are a few days in december, and clearly we get no respite for the holidays. There is no question about that. An extraordinary 46 minute video from the president last night, hugely commented on in washington. Attorney general barr, you wonder how he gets through the weekend with the president. I agree with you, this french issue is not a small matter. Memory of if in the that macron decided to rip a page out of the textbook from 30 years ago. Francine we will have a lot more on the dynamics of europe and france, but lets get straight to bloomberg first written with with rickets with or take a group with ritika gupta. Nancy pelosi and Chuck Schumer are backing a bipartisan stimulus plan. They see the proposal from house and Senate Lawmakers with a new round of negotiations. The plan calls for 908 billion dollars in spending, less than what democrats want, increased from the number being floated by Senate Majority leader mitch mcconnell. The u. S. Has had its deadliest d
The influencer jon ferro for you on Bloomberg Radio, bloomberg television. Got all of this going on this morning. I want to do the markets to start our simulcast in this hour. We will do the data check as we talk here. Spx up 0. 7 , and once again, the nasdaq less. Is the trend in place . Jonathan the trend is in place, and the small caps outperform. Many people, and the words of jonathan callup, willing to look of Jonathan Golub, willing to look at the forward outlook. Tom we are getting into all of the year ahead looks and all of that parlor game. D a fewwhat ferro di years ago. Forget about it, wait for march. Would you say the consensus right is cyclicals, materials, and small caps . Jonathan overwhelmingly it is the consensus. That is the story. The other consensus story as well is the weaker dollar. Socgen out to 1. 27 on eurodollar, year end 2021. We still havent got through those levels from late august. We didnt close below them yesterday. A little bit of weakness again this m
The bill awaits signoff from the president. Akron turns up the heat. France threatens to veto a brexit deal if it does not like the terms, piling pressure on the e. U. Not to make further concessions. Welcome to the program, everybody. 7 00 in london. 8 00 in paris. Lets look at the futures. We are fairly flat on futures. The young stock x50 futures flat. Yesterday, we saw some decent gains for the ftse, up by more than 1 and that was a standout compared to the rest of europe which was more mixed. It was mixed in the u. S. Session as well. We did actually see a bit of a late rally in u. S. Equity trading, up to some of those new highs we were talking about in headlines. All of that in the context of the hopes and dreams around u. S. Stimulus. The concern about what can legitimately be done in the shortterm and a lot of hope around vaccines. Perhaps oncent day some parts of the equities space and a late rally in the u. S. Yesterday and we are now pausing. We are pausing somewhat here. W
We are going mostly down. Trump has used his executive powers to ban investments in companies that are associated to the Chinese Military. Lets look at some other asset classes. Dollar index unchanged. The euro, which has been under the caution with the dollar. Crude, just dropping below 40 bucks a barrel. We have the surprise stockpile gain in the u. S. Gold price moving up as well. Goldman sachs saying they are bullish on not just gold but also copper. Lets move to what is happening first word news was. We get over to new york and joined karina mitchell. Karina the chances of a new stimulus package in the u. S. Are receiving with the white house saying sources tell us gop leaders will not lead any of the talks. Mitch mcconnell has been more distant from a democrat proposals, reducing the chances of a new deal. The Federal Reserve is again warning fiscal stimulus is required to support the u. S. Economy as potential vaccines may not end the economic fallout from the coronavirus. Chair