Spreading the next few months could be challenging. Approach with caution. Jay powell warning over economic challenges, despite the prospect of coronavirus vaccine. Treasury yields fall amid growing concerns around the pandemic. California joins texas reaching one million infections. U. S. Election Officials Say the vote was the most secure in u. S. History. Bandss President Trump investment in firms controlled by chinas military. What a week. Clarity in the u. S. Election. A hope old date on a vaccine. We are ending the week with a surge in covid cases. A push poll between the euphoria of a vaccine versus the pandemic. We wake up to french hospitalizations breaking a record. California joining texas surpassing one million infections. Chicago, the latest u. S. To issue a stayathome advisory. The mayor saying, this is literally a matter of life or death. Lets take a look at how this is playing out into markets. A stunning week. We have covid weighing on equities. Into session feeding fe
Four days of losses is about to become five. Are down 7. 5 over the previous four days. Cross assets, we look like this. A bid into the bond market briefly in treasuries. It did not stick. It was a treasury market selloff. This morning, it is about yen strength. Dollaryen coming down on 0. 3 . Again. Rude is down 0. 9 mark wheret is that you have these massive producing countries like russia and saudi starting to worry. These are very hard prices to deal with when you try to balance your books. It all comes back to demand. Everything is about demand right now. When you have france and germany going into lockdown, that does not bode well. Euroyen is striking me this morning. I feel that for the first time it is acting like a haven. It is her membrane what it is supposed to do. Jonathan a bit of yen strength. Chancellor merkel giving a wakeup call to her fellow eu leaders. They failed to act quickly stop the pandemic. For more, our western europe managing editor joins us. Walk us through
Are trying to cast ballots that others are trying to vote twice but theres no history of that happening just to be clear entrust no voting weve been doing a very very long time and United States. Voter fraud is extremely rare in the United States the rules for mail and voting depend on where you live in the u. S. This year 9 states and washington d. C. Sent ballots to voters automatically this is what the president has railed against. In more than 30 states voters could apply for a ballot to send in by mail in these 5 states in order to vote by mail if you have to give a reason why you couldnt vote in person and the pandemic alone was not reason enough. Mail and voting can be complicated for anyone doing it for the 1st time some forget to sign the ballot others dont seal it exactly right this year around 30 states have allowed voters to curate their ballots they contacted voters letting them know there was a mistake and allow them to correct it as america gets more and more used to mai
Restrictions on the u. K. Looks to repair some of the economic damage in todays Spending Review. Words ofs back, the president elect joe biden as he introduces his Foreign Policy team. Janet yellen faces a tricky start, as Steven Mnuchin puts funding beyond her reach. Good morning. 6 00 a. M. In london, 10 00 a. M. Across the emirates. A jampacked show for you, including emirates president tim clark. He spoke to manus cranny about a host of issues in the travel sector. Also, likely an appearance from manus himself. What a day it was and a 24 hours it was, as chris weston put it, a nirvana has dissented over the scended over the market. Dow jones topping 30,000 for the first time. S p 500 index, we do have closing at an alltime high. We are losing a bit of momentum. Flat across the asian market and flat across u. S. Equity futures. We are seeing a steepening of the yield curve, not at the highs we saw recently, but we are seeing it steepening. Jp morgan this morning also saying 10 year
This is boom bust the one business show you cant afford to miss im sorry montecito going to washington coming up president ial candidates joe biden and donald trump take the stage one last time before the election well discuss their plans then and what it could mean for you at home with our teeth into the law we released its latest mobile device but it may be the last one for a while thats because u. S. Sanctions have the chinese Film Producer in chip french we have a lot to get to solicit for. A big day for the u. K. And brags that as the country signed its 1st large post brags that agreement with japan Japanese Foreign minister said it is paramount to maintain the supply chain between the u. K. And the e. U. While British International trade secretary list trust called the agreement a landmark how fitting it is to be in the land of the rising sun to welcome in the dawn of a new era of free trade this is the 1st new free trade deal to be agreed since the. U. K. Once again became an in