Policy speech. The city faces rising infection rates and a clamp from beijing. Joe biden names his Foreign Policy and Security Team as he with to calm Relations International friends and foes. He says america is back ready to lead. Haidi lets look at the set up at the start of trading. We are seeing some green shoots at the open, about. 4 higher. Global stocks as well as asian stocks continuing to be on a tear. We are watching keenly for developments in kiwi assets, given we had the rbc releasing its semiannual stability report. This is pushing the kiwi dollar higher. U. S. Ashed through . 70 yesterday and we are seeing expectations of negative rates dissipate even further. Unlovedtors rotate into areas, it may not mean the end of things that have been successful so far. John praveen is Portfolio Manager for qma. He joins us on the phone from new york. We are talking about what happens to big tech given the rotation trade gaining a more solid footing. Is it the behavioral changes, chan
Was when the ceiling went. It is interesting to see reporter what is happening in the bond market. To see what is happening in the bond market. We have seen curve flattening throughout most of this week. We see a little bit of steepening today on the back of the payroll number. We see that ripple around the world, and that is reflected in the german 30 year. Twostens in the state basically back to where they were almost a month ago. Alix thanks very much. The s p now dropping like a stone. House Speaker Nancy Pelosi speaking right now. She is saying to everyone, be calm, be confident, be patient, but she did call biden president elect biden, having a strong mandate to lead. She says she is hoping republicans can come back to the table on stimulus. Moments ago, we also heard from larry kudlow as well that they also wanted to try to move forward on stimulus and come to some kind of agreement. Will they or wont they is really the big question, what the s p taking a nosedive as we are stil
We are back with nick clark. Clark, associate professor at susquehanna university. What do polls say right now in this snapshot of time about where the race stands . Average thenes that different polls put Vice President biden ahead between roughly 4 and 6 . Frank then and marshall has a new poll this morning i think with some of the upper end of that trajectory. There are some single polls that give him more of an advantage. It is looking like biden as an advantage between 4 and 6 . Host is it enough to get out of the margin of error . Guest i believe so. On the high side the margin is around five point. Even if the Vice President were to come down a percentage point, that would be enough to do it. That is a high margin though. Most cases will be between 3 and five point. We will not know on Election Night because they will be ballots being counted for the days afterwards. It does look at the polls. If they are accurate, the Vice President will pull this off. Host 20 electoral votes a
In most cases it will be between three and five points. To know ongoing Election Night because there will still be ballots being counted for the days afterward. Host 20 electoral votes at stake. What role do you think the state will play in this election . Close, ifelection is the polls are largely wrong right now and none of the other florida or carolina or georgia we may not know the outcome in pennsylvania on Election Night. We will know for sure if it is closed. If it is closed it will likely come down to pennsylvania. Host what about those who dont routinely vote. What what do we know about whether or not the candidates are getting them to show up this time around. We expect turn out to be higher. Pennsylvania typically has a higher turnout rate and the rest of the country. President trump to mobilize new people to the polls last time and he may do so again this election. We are also getting some evidence that there are people voting for the first time for Vice President biden bec
Veterans day as we thank those who served us in the past and continue to serve us today im becky quick along with joe kernen along with Andrew Ross Sorkin things are in the green once again. Looks like the dow is indicated up by about 181 points and if we were to open at these levels and hold it through the session, you would be looking at the dow closing at a record high it has been up six out of the last seven sessions. Up another 626 points yesterday. Dow futures are up, s p futures up by about 26 and then the nasdaq, which has been the weaker part over the last several sessions, down more 1 , actually indicated higher today as well. Up by about 130. The bond market today the is closed in ob sservance of veters day. Well talk with David Petraeus later this morning andrew thanks. And an important day in the United States of course. But there is also a holiday going on in china, very different kind of holiday, made up of a shopping a made up shopping holiday i should say called single