Come whichrevious also been revised higher. There was some expedition that as prices come up because of the fact you can get cheap lending at the moment or cheap borrowing , you would expect that at some have, that would start to an impact on a month by month basis. Nevertheless, the market was looking for this month on month number two actually slow, and that hasnt happened, which is really interesting and the light of what we are starting to see in the employment market. We saw initial jobless claims out a little bit earlier on. Youre starting to see the negative data could begin from the employment side of the economy, starting to come in a little softer. Bloombergs mike mckee joining us now with the details of that. Michael at one point on the housing numbers, existing home sales or closings, so these contracts were signed a couple of months ago when things were a little better in the economy, and we got low mortgage rates, so the one thing the fed has been able to do is stimulate
To the upside. Other news coming through about approvals for future houses as well. The asx up 119 points. Thats move along and look at other Asset Classes. Crude trading yesterday with a 33 handle, hasnt had a huge rally since then. Part of that is down to russia and opec looking like they will not be hiking reduction in january. That news helping to propel oil prices up to over 97 in the last six hours or so. ,old remaining where it was just shy of the 1900 level. Thats ahead of the u. S. Election. The u. S. Dollar index marginally down, the Rate Decision coming expecting a 0. 15 cut in the base rate and we do have in anticipation of all that move slightly higher than that, and thats down to a commodity related currency and the crude price helping that along. Lets head over to new york and join karina mitchell. We start with the latest headlines on the pandemic. Starling fell to its weakest in the month, with an economy already reeling from similar measures earlier this year. France
Streaming on cbsn bay area a live look outside as we start the day together. You are looking live at the bay bridge. Good morning. Its wednesday. Shots fired overnight in the east bay. We have the latest from the live news desk. First we are waking up awaiting the results of the election. So far its too close to call. Taking a live at the white house right now. Counting continued throughout the night as the race for the president hinges on battleground states this morning. Here is a look at the current map. The president and former Vice President still well short of the necessary 270 votes needed to secure a victory. Several key voting places will not announce until today or tomorrow. Joe biden was expected to cruise to a an easy win in california. That victory was easy. 65 to 33 with 94 of precincts reporting. And despite key states still counting votes the president expressed confidence that he has won overnight. Cbs news hasnt projected a winner. We have more on where the two camps
Good morning, im dominic chu. It is your money, your vote. Brian are s Brian Sullivan is live in grand rapids first, the dow implied higher by just around 100 and so points here the dow coming off more than 420 point gain to kick off another month after its worst week since march. The s p 500 also higher by more than a percent just yesterday. We are also watching the treasury side of the equation as well yields holding relatively steady at least for this time being around the world, a sharply higher session overnight in asia with the hang seng and kospi posting near 2 gains. You can see there on the map a very positive day generally speaking for asia. And green also on the european side of things with 2 gains for the cac in france and nearly 2 for the german dax and ftse 100. But back to the campaign trail and the future of the american presidency and congress now in the hands of us, the electorate amid record breaking early voting and key state Supreme Court ruling in texas, the candi
Amazon billion offer to goes from rivals to partners as jeff bezos is willing to take a 40 stake in his indian retail revolution. At thelets take a look set up for the session of trading in asia. We saw that resumption of the loss in the u. S. How are we setting up in this part of the world . Sophie a pickup in volatility once again. In asia, futures are mixed, but we are seeing s p eminis. Chicago adding. 3 . The yen is stuck in the range with brexit risk also a consideration. We are watching tiktok reaction to trumps extension of that tiktok watching reaction to trumps extension of that tiktok sale. Jupiter Asset Management is cutting its exposure to debt of Chinese State linked borrowers so that is something to consider as well. Ahead of the u. S. Election, you are seeing one vol bets can yuan vol bets. Keeping an eye on korean bonds with potentially 6. 3 billion of supply coming through. The government may submit its proposal to parliament this friday. The global rush of Corporate