Nominate janet yellen to his treasury secretary. She would become the first woman to hold the position. Janet yellen has pushed for more fiscal spending during the pandemic. Credentials could covid passports restart International Travel . We will discuss the latest strategy with its ceo this afternoon, and before then, we are joined by the chief executive of the dutch flag carrier. Do not miss that conversation. It is 6 00 a. M. In london and 7 00 a. M. In zurich. A little bit of breaking news on novartis and we will come back to that in a moment but there is a Share Buyback of up to 2. 5 billion. So we will touch on that in a moment but i think we are in this momentum and we have almost got this goldilocks between a vaccineon starting, narrative, and janet yellen did not get Elizabeth Warren so thats probably part of the cheer on the streets. Certainly. I think wall street will embrace it but also the progressives will embrace her but with this pick which is historic, the first female
The transition process starting to kick in. Tom not only the good news, but just as much as there was no bad news today, and that gives a lift to equities and other adjustments in the market. Jeffrey currie will join us from Goldman Sachs, which is wonderful. Futures up 27 and we will talk about the data in a moment, but yes, chair yellen front and center in this historic moment for our politics. Francine lets get to bloomberg first word news in new york city with ritika gupta. Ritika President Trump is finally calling on his agency to cooperate in the formal transition process with joe biden. That follows weeks of inaction. The General Services Administration Made its official made it official with its acknowledgment that biden was the winner of the election. Still, President Trump says he will contest the outcome of the vote. Formeren has turned to fed chair janet yellen to be his treasury secretary. She would become the first woman in the job if she is confirmed. She is likely to wi
Point 46 overnight. Political posturing is taking place with taking place between london and brussels. Checking in with some of the other little asset of the other asset classes. Gold pulling back in tandem with ,. 10 lower. Tom lets get you the first word news and an update on the continued spread of covid19. Have surged past 40 million and show no signs of slowing. U. S. Infection rates rising in 48 states while europe is inosing tighter restrictions london, paris, and other cities under strict curves with ireland enacting some of the toughest restrictions yet seen. The World Health Organization says failure to control quarantine rules has led to the resurgence. I stocks hit a six month low amid fears continuing street protests will drive investors away and further hurt the weakening economy. The benchmark index closed at its lowest level since april 16 as demonstrators bow to keep up pressure for constitutional reform and curbs on the monarchy. The index has lost more than 5 of its
Salt lake city, you. Hugely consequential city, utah. Hugely consequential. Rudy giuliani will join us, the former mayor of new york city. We hope to get ample time to speak of his health, the health of many in the white house, and his thoughts on the path forward for his president. Weve got Market Recovery off the shock of yesterday. What is the character of recovery you see . Jonathan equity futures up 0. 7 . The bond market down, treasury yields higher. The president backing away from talks with House Speaker nancy pelosi. I have to say, the administration looks really aligned wit Senate Republicans in a way it hasnt, offering a slim bill, offering a checks to americans. There used to be three positions. Now it looks much more like t wo. The difference is i dont thing that spread can reconcile before the election. Futures lifting up 24. That is a high for the session. We are roughly back to where we were for that profound tweet from the president yesterday. Two tweets following in t
Week wherever books are sold and watch for many of the authors in the near future on book tv on cspan2. History and biography is sponsored bywells fargo. [music] welcome everyone, everywhere here with Madeleine Albright, 64th secretary of state and here to talk about her new book Madeleine Albright hell and other destinationsand i just finished reading it and i look forward to having a conversation with Madeleine Albright about it. Welcome to our broadcast today. Great to be with you david, i enjoyed talking with you anytime. I am at the Jefferson Building in the library of congress, madeleine is at her home in the washington area. We had a longstanding relationship because madeleine and i were young staffers in the white house under president carter and i followed her career ever since then with great admiration so madeleine, this is her seventh book since you left as secretary of state so did you ever imagine when you finished as secretary of state first woman to ever serve as secret