About a 900point gain in just two days, easing some of lath weeks big losses. The s p 500 is up nearly 60 since President Donald Trump was elected four years ago this day, 2016 stocks have climbed back to reclaim the ground last earlier this year. Tonights election will be decided in the swing states and we will dig into issues, everything from covid to the economy and more power lunch begins right now welcome to power lunch, everybody. Im kelly evans. Weve got an historic election and a huge rally today our reporters are all over it. Bob pisani is watching stocks, ylan is at the polls lets begin with bob pisani on this rally today im calling this the buy everything rally we are off of the highs which we hit late in the morning, but still a substantial rally for the day. Take a look at the sectors when i say buy everything, you know its a good day when banks and industrials and technologies which go in opposite directions are up today today banks, industrials, its your cyclical sector
Coronavirus pandemic. Officials say more than 100 million votes came in before election day, the most ever. The university of florida is analyzing the trend and says about 65 million of the ballots came in by mail. The surge in mailin voting could have a major effect on election calls. Many people in florida said they wanted to make their voices heard. I know a lot of people especially on social media, younger people are really pushing the voting. Some said the voting process was unexpectedly easy, though there were adjustments for the coronavirus pandemic. There have been no extra long lines, and once the line got started everything just went smoothly. A lot of attention is on the results of six swing states, arizona, florida, michigan, pennsylvania, wisconsin and north carolina. Those difficulttocall states are essentially the tipping points and often decide who wins the electoral college. The two candidates appeared in public on the crucial day. Were doing very well in florida. Were
Hello and welcome to nhk newsline. Im Yoshi Ogasawara in tokyo. We start this hour in new york where the United Nations is canceling all inperson General Assembly Committee Meetings scheduled for tuesday. It comes after five people of a mission of a member state tested positive for the coronavirus. Its not immediately clear which member state is involved but the u. N. Said it is conducting contact tracing. The cancelations likely mean the Committee Vote on a japansponsored resolution to abolish Nuclear Weapons will be postponed. Most u. N. Staff that operate out of the new york headquarters have been working remotely since march. But more people have been returning to the office since july. Meanwhile, a top official at the World Health Organization is expressing concern about the latest surge of infections sweeping across europe. We are seeing very, very high positivity rates and an increasing lack of capacity to do any effective form of contact tracing. The two countries with the high
Biggest spike in cases in nearly four months. Good morning and welcome to bloomberg surveillance. I am Francine Lacqua in london. This is what the markets are doing , european stocks moving to the downside gorsuch any trading sideways, despite record highs on wall street. This is what we are also looking at when it comes to gold, always look at gold because it gives you a good sense of where there is appetite, slipping back below 2000 on ounce. We saw declines in utilities outweighing gains in travel shares, of the stoxx 600 actually gained. Up, the chief executive of the Hong Kong Exchanges and clearing joins us for an interview after the Company Posted a record firsthalf profit. That is in a couple. Of minutes lets get straight to the bloomberg first word news. We start with joe biden, it is official. He has become the democraticc nominee for president. The second night saw a slate of speakers, from former president bill clinton to representative alexandria ocasio cortez. Biden himse
More Domestic Travel to a little more overseas travel now. Theaad lets get to markets and have a look at what is going on. Nikkei, in with the leading japanese shares, just seeing stocks drifting to the upside. We did see jobless numbers come out. Slightly better than expected, looking for a 3 jobless rate, but 2. 9 . Looking elsewhere, retail sales out of hong kong, looking also at the futures for the u. S. , pretty much flat. Asian equities drifting slightly to the upside. Looking at the shanghai composite, lets look at how the gpi is behaving as well. Just about flat. The shanghai comp, 0. 2 lower. Chinese Economic Activity continued to rebound. Expansion in manufacturing activity, just slowing slightly there. A Rate Decision out of australia later on. Expecting the rba to keep rates. And the singapore market 0. 6 lower. Quick check on the currency is, weve got a fifth straight monthly drop for the dollar. Bloomberg dollar index down by 0. 25 . The yen, a tad weaker. Euro currently