Now, 224 biden, 213 trump. Could be days prosecute we have final vote counts for key battleground states. Maybe were getting a little more clarity on that bottom of our screen right here, nbc news is projecting joe biden wins the state of maine. Want to get that news piece in there as we continue to watch for those votes. Even if biden ekes out a electoral vote, expectations could spell trouble for a democratic agenda, especially if the Vice President ultimately wins the white house for more on the balance of power in congress, lets bring in ylan mui. Good morning. Good morning. Right now its still a tossup for control of the senate. Both parties have a narrow but achievable path to victory Mitch Mcconnell says hes hoping to get more clarity on key races by the end of the day. I dont know whether im going to be the majority leader or minority leader ive been both majoritys better. But were awaiting the judge on the american people. Nbc rates the battle between gop senator thom tillis a
Since the beginning of september. As investors try to move toward the Health Care Part of the economy, it is creating choppy trading action as we can see with todays mixed action similar to yesterdays big move, lots of volatility. David we have all been fixated with the election, and some with covid19 and the vaccine. You pointed out something that happened in august that may be having ripple effects in the equity markets right now. It seems as though the surface issues, the very important issues, the election and the virus, a huge issue that can change the field. It seems that what we are seeing is a repricing of risk. In august, the feds policy framework shift back in august ,eeping rates lower for longer especially the short end of the curve, but putting the sentiment towards the idea of inflation or healthier economy, that has steepened the yield curve tremendously, again a repricing of risk. This is healthy, but when the yield curve steepens it does cause lots of different Asset C
Good but still will not accept they should be law. Asia is set to follow wall street higher as investors weigh theirdevelopments against cases. The s p climbed for a Third Straight day. Shery lets get you started with breaking news south korea. We are seeing inflation rising faster than expected. Both the month on month and year on year figures now escaping that disinflationary territory. Month on month inflation rising 0. 2 and 18 expectations. The expectation was for no change, also coming out of three months of decelerating prices. When it comes to the year on your numbers, the inflation remaining flat. The expectation was for prices to contract, and its also coming after falling into disinflation for the First Time Since september. Core prices your near rising 0. 6 , which is a faster gain than was expected as well. We have seen a little bit more demand coming from china. The export slump in south korea also easing for the month of june, not to mention exports to china in fact rose
And we think we will see two to 4 billion of free cash, which is an uptick from where we were a year ago. We also highlighted that that guidance incorporates what we are seeing in the wake of the coronavirus and the first quarter, but we did not take a view with respect to the rest of the year because what we do not know more than outweighs what we do know. What we do know relative to the first quarters we will see probably 500 million, 200 million to 300 million operating profit pressure because of the effects of the coronavirus, principally in the aviation into a lesser degree our health care business. David the scientists cannot tell us where this thing is going. We do not know. If you kept the basic structure for 2020, do you believe we can get through this . You think this will not have a lasting permanent effect on ges business or the economy overall . Larry what we do not know outweighs what we do know. This will be temporary. That does not mean it will disappear tomorrow. We di
Greekturkey border. It is real, boats be encountered after the third election in less than a year. Party has aanyahus leader but is falling short of the majority needed to form a government. With nearly all the votes counted, luck to let it away. Followed by the centrist blue and white party. Netanyahu is set to stand trial on corruption charges in two weeks. Global news, 24 hours a day on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. This is bloomberg. Live from welcome to bloom. Stories wee top are following from around the world. Stocks rebounding after yesterdays selloff. Betting on a concerted effort by the largest economy to tacko fall a lot from the coronavirus. Health stocks leading the way in the u. S. Stocks getting a left after a strong showing from joe biden in the primaries. The bank of canada following the u. S. Says coming into trade this morning with half a percent at the coronavirus darkens the Economic Out