Approaching that 103 level. That would be a breach of a technical and psychological level. . 99, 2. 7 top the upside. After the biden victory, gold as well seeing three straight gains three Straight Days of gains. Joe biden preparing to take office as the 46th president of the United States. He is moving forward as president elect, launching his transition effort and readying a plan to tackle coronavirus. President trump is refusing to concede, weighing more legal challenges. The people of this nation have spoken. [applause] they have delivered a clear victory, commencing victory. A victory for we the people. I pledge to be a president who seeks not to divide, but unify. [applause] who does not the red states and blue states, only sees the United States. Our work begins with getting covid under control. Economy, repair the restore our vitality, or relish lifes most precious moments, hugging grandchildren, children, birthdays, weddings, graduations, all the moments that matter most to u
The Senate Confirms Amy Coney Barrett to the Supreme Court. It is earnings galore in europe. Ig oil hsbc, santander. We speak to the spanish lenders cfo. Beach onis, it is a the core earningspershare. 44. Market penciled in 1. When it comes to net sales, they are expected to grow to mid single digits. They are talking about core operating income at a low double digit to mid teens so in terms of the earnings per share, its a beat, but on the sales side, it just comes in below thirdquarter sales. In 12. 4 8penciled billion, so certainly a solid delivery. They are upgrading their core operating income guidance as well. Analyst is parsing the numbers at the moment. We will have he will join the team. That is with jonathan. Bank, the banks have come hard and fast. They beach on their estimates. They said the full year will be around 5 billion in terms of profits. That has improved from 3. 66 on the estimate. Net income, 1. 75, up from one billion on the estimate. Jose joins the team. Emergi
Down 1. 6 yesterday, off of session lows. The dow industrials down 650 650 points, that was 2 and a quarter percent lower at 4 00 on wall street. Investors rattled over no progress on stimulus and a rise in covid cases. Its a big day for earnings, dow components merck, 3m. Caterpillar all reporting quarterly numbers this morning. We will get a snapshot of the airlines when jetblue reports and a look at big pharma when pfizer reports. The road to the white house, we hit the one week to go mark, americans are headed th to the polls in seven short days. President trump and joe biden begin the final push before election day. Stimulus negotiations losing momentum, time is running out for lawmakers to make a deal before november 3rd. House Speaker Nancy Pelosi says she remains opt my particular over talks optimistic over talks. Congressman tom reed told me yesterday if we dont have a deal by election day, we may not have one until february. Todays the day, my new book, the cost, trump, china
With us. We welcome all of you to a news flow that is simply a cacophony. In the last hour, we really focused on the stimulus. In this hour, we got to focus on the fed. I downloaded tiktok this morning. Jonathan what was the first video . Tom unspeakable english. Certainly on bloomberg radio, it would be inappropriate. But the second and third video were the same way. Jonathan it is popular. We need to do a segment on irony. We are talking about forced sales, technology theft. The Chinese Communist party has been doing this for decades. The u. S. Administration has been talking about reciprocity. Now they are talking about, you know what . If we cant get access to you, you cant get access to us. Underwriting it all will be national security. That is the direction we are challenging here. To be behind microsoft, it seems. Cash, theyillion in certainly have the money to take a dalliance here. That really speaks within technology to finally use some cash. Lisa the question is, will they b
Im Francine Lacqua in london. These are your markets. 0. 4 . An markets down a lot of the market put a position that the economy and a lot of the earnings would go through the coronavirus. Not so after the apple news yesterday. There is more concern about the deadly coronavirus trade looking at treasuries, they are rising. Americans reopening after a holiday. Yesterday was president s day. Jumping as much as 24 after unsuccessful bid for the small arrival. This may be the kickoff of banking consolidation in italy and then further into europe. Coming up on bloomberg surveillance, our exclusive conversation with the hsbc Financial Officer on the banks job cuts. First word news. Viviana hsbc is set to slash 80 of its workforce. The lender taking more than 7 billion of charges and suspending buybacks as part of a restructuring plan. Plans to exit some businesses and cut costs. Hsbc still hunting for a permanent chief executive. We also spoke to the lender cfo about the coronavirus outbreak