France threatens to get out of the rescue plan altogether. 11,000 jobs slashed, the german giant fights for survival. Welcome to the program. Looking at the futures, reflecting the way the european and u. S. Equity markets closed yesterday. Futures down in europe, mixed in the u. S. , reflecting what we saw yesterday were the u. S. Wobbled into the close at the end of the session. New york schools closing seems to be the factor. Breaking news, some commentary from astrazeneca in connection phasehase two, not the three news we have been waiting for. That is expected to come within weeks. This is more detail on the phase two data. They are confirming the vaccines immune response in older adults, that is crucial considering who is most vulnerable to the virus. The lancet is publishing the findings. A lot of stuff we have heard already from phase three trials more advanced than this from other drug companies. It has not been peerreviewed or in journals. We are getting the phase two study,
Look at the really disinflationary dampening you are seeing in the bond market. I dont want to make a big deal about it, but yield gives way to lower yield. Im looking at fiveyear, fiveyear breakevens, and there is a little bit of an ebb, an increase in the disinflationary tendency. That claimsort number at 8 30. Francine a really important one, and we have some great interviews coming up from the Bloomberg New Economy Forum focusing on health today. A conversation also with bill gates. Lets get to first word news in new york city with ritika gupta. Ritika joe biden warns that the delay in starting the president ial transition could set bet the effort to distribute the coronavirus vaccine. Could setback the effort to disturb the coronavirus fencing. Trump thent Trump Administration is being urged to begin working with biden. Wisconsin Election Officials have ordered a partial vote recount that was requested by the top by the trump campaign. There will be recount in two heavily democrat
Middle peak is doing 30 miles an hour. And then as you look at the elevation spots, rose peak, down by san jose, 26 miles an hire. So the winds have died down. The rain will continue, light sprinkles into the evening hours and tomorrow, and then we dry out. Pack here with all of the specifics and the 5day. This wet suspect is good news for fire danger around Northern California. There is also concern about the areas burned recently by wildfires. Tuesdays transformation from sun to showers highlights the annual transition in Northern California to rainy season. Were starting to see some cold fronts move out of the gulf of alaska. We saw one a few days ago. Theres another one moving through the bay area today. A little bit more rain than the last one. And thats sort of the progression that we get into this time of year. Each successive storm tends to get a little bigger, a little wetter. Reporter from the north bay to the east to the south. Its the kind of brisk wet weather perfectly sui
Coronavirus measures after being closed for 8 months. And Tropical Storm as it makes landfall in the u. S. State of florida after killing dozens of people in Central America im joining us roscoe with the sports as the last neighborhood of 8 schools in stoppage time to rescue a similar line becoming at least top scorer in the lead. The transition to a biden presidency in the United States is gathering pace with some key decisions expected in the hours ahead the president elect is due to announce a task force to tackle what he says is his top priority the coronavirus pandemic on sunday biden visited a Church Cemetery where family members of buried including his late son meanwhile donald trump spent the day playing golf outside of washington and still refusing to concede defeat his campaign is finding legal challenges in states where hes disputing the counting of votes they does including Israels Benjamin Netanyahu and saudi arabias my. Had been selman have congratulated biden on the form
Milestone, u. S. Deaths topped a new milestone as new york city closes schools again. Germanys finance minister tells bloomberg taming the virus is critical. E. U. Leaders will attend make a veto that threatens from hungary and poland. France says nations could be cut out of the rescue plan all together. Chinasy pledge, president xi jinping says the nation wont engage in decoupling, saying its policy of opening up wont waver. It comes after the u. S. And the u. K. Called for beijing to honor its commitments on hong kong, citing serious concern. Its just gone 6 00 a. M. In london, 7 00 a. M. In germany. Bad news coming, 11,000 jobs to be cut from the business. Of justlow the estimate over 30 billion. No room for a dividend this year. The banks dividend has been restrained. You think about it, this is a disastrous year for steel. The future is unclear. We are grappling with rolling lockdowns and interruptions around the world. Recovering, but the reality of europe and the United States i