History in the United Kingdom as they extend the pandemic watch out to march of 2021. Jon ferro, theres no other headline for me this morning. All of us dealing with this pandemic, and Boris Johnson sets us a new timeline. Jonathan jonathan new restrictions on the u. K. Economy being announced today. We will hear from the Prime Minister addressing the nation at 8 00 p. M. Local time. Those restrictions could last a solid six months. Lets get straight to the price action to give people a feel of how things have turned around in the last 30 minutes or so. Equity futures were positive, now slightly negative. In the fx market, the pound was positive. It is now slightly negative. In the bond market, yields were up by almost a basis point. 0. 67 . Y are unchanged at it is a subtle shift, but a reminder of the difficult moment we have ahead of us as we go deeper into the end of the year. Tom so much going on here. We welcome all of you on Bloomberg Television and Bloomberg Radio across americ
Dont have doors and walls facing that, they are just bars. Essentially, you have seven or 800 men in a single space breathing the same error. The outbreak at san quentin begin after infected roommates were transferred from a prison in chino back in may. Nearly half of san quentin, more than 3000 inmates are infected. 184 Staff Members have also tested positive for covid19. Six inmates have died from the virus. Since the early stages of the pandemic, Health Experts always pointed to the importance of testing. California is doing more tests each day, there can still be delays where people are waiting for results. Ktvus tom baker joins us with more on this. Reporter four months ago, the president was wrong when he said anybody who wants a test can get a test. Thats still wrong today, as the virus still spreads, sickens and kills. The centers for Disease Control and prevention guidelines recommend that as states lived there virus restrictions, they should also have a coronavirus test turna
They really have to make one of 2 choices right choice number one is you have to raise the price on those items so that the consumers have to carry that cost or as a retailer you dont want to anger the consumers so you simply eat the cost yourself. With what theyre left with or both actually because they have to rely on both aspects in order to make their margins work and right now that they will not increase their budget meaning that they will not increase in order to catch up to the rate hikes which ultimately mean that they will end up buying fewer goods overall ok so here we are with the u. S. Retailers say the 15 percent tariff comes along the u. S. Retailers get hurt at christmas time but the chinese retailers they will actually hurt into next year right into next year which is why this year this didnt really impact manufacturing because manufacturers are they got their orders for the Holiday Season from the retailers however these tariffs are not going to extend into 2020 and th
These retailers and take a huge chunk out of their earnings because we havent seen this since 2013 that we had 6 plus days and 2013 was one of the worst years for retailers securities a lot of days but lets also be clear about this so the american retailers theyre obviously going to take the hit them from what youre saying based on christmas so they really have to make one of 2 choices right choice number one is you have to raise the price on those items so that the consumers have to carry that cost or as a retailer you dont want to anger the consumers so you simply eat the cost yourself. With what theyre left with or both actually because they have to rely on both aspects in order to make their margins work and right now all the Amazon Sellers have been feeling this and 72 percent of them have actually increased the price of their goods furthermore the latest market surveys show that while 60 percent of American Consumers say that they are worried about terrorists when asked about the
Worth of chinese goods those tariffs in theory would take effect on december 15th and yes they would hit video game consoles computer monitors Christmas Decorations all the stuff you care about plus thousands of other items so lets talk about this for a 2nd because kristie if december 15th ok is when these tariffs take effect and when the big question for a lot of people is isnt that too late to really affect christmas were talking about black friday has already passed by then cyber monday is already passed by then. With this kind of squeeze in everything for christmas or we still get hit by this you actually start to hit by because while got a lot of shopping does take place during black friday and cyber monday now increasingly more as more sales go online 30 percent of annual sales actually take place between black friday and christmas and almost over half of the shoppers dont even finish their Christmas Shopping until late in december so this will actually be a huge chunk out of the