Open. The cash trade an hour away. Here are your top headlines from the bloomberg terminal. Brussels shuts the bar as early as the virus resurgence accelerates in europe. France reports a record daily number. Emmanuel macron warns of further restrictions to come. Kamala harris slams the president s Pandemic Response in a largely eventempered debate with mike pence. Polls show joe biden widening his lead in battleground states. Futures push higher amid signs nancy pelosi is open to an somene relief will, but warned a bite and win would be modestly negative for u. S. Starks. We are an hour away from the start of u. S. Equity cash trading. We do have green arrows. In terms, modest gains of futures contract with ftse 100 futures basically unchanged right now. Percentook at the mispriced, you do see gains indicated at this point. Take a look at u. S. Futures, also showing gains this morning, a little bit stronger, the gains. About. 4 across s p, dow jones, nasdaq. Anna breaking news coming
Credit market. Thats coming up in the next hour were also going to talk to matt shay about the pain the pain out there with retailers weve heard about furloughs from gap to macys. What kind of unemployment statistics are we going to be talking about for the biggest private sector employer in the United States and do they qualify for relief in the new congressional package. Lets focus on the big stories were watching in this final hour of trade. Bob pisani joins us with a look at the quarter mike has a deeper dive on the s p 500 today. Steve has more on the feds latest move and what the economic signals are telling us. As we get ready to close out the quarter. Boy, good riddance and good riddance, exactly. Treasuries up and rebalancing. Buy stocks, sell bonds might help a little bit towards the close. Corporate Investment Grade flat and high yield down. Reminding us that in a recession, high yield tends to act. I want to show you the charts here boeing, have you seen anything go to 150
Is not seeing justice. Lebanon, theen of country that has an extradition agreement with japan. According to incoming chief naval. Close to 2 . It is supposed to be symmetrical or not. Spain, the Prime Minister is signaling growing confidence he will be able to form a government but he still needs the backing of the catalan separatist party. Besuccessful, sanchez will creating the First Coalition government since the 1930s. In australia, thousands of stranded tourists are on the beaches. Is turningk smoke the morning sky pitch black. Two more people have died taking the death toll to 12. Global news, 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. This is bloomberg. Matt . Wright in london with your first word news. S gauge of china Manufacturing Sector held steady. The manufacturing pmi index remained at a reading of 50. 2 all the outlook for new orders on the trade front, the white leading china hock Peter
First speech to call for strength, resolve, and courage in europe, but steers clear of any serious policy prescriptions. Good morning. Lets take a quick look at the data this morning, getting set up for tuesdays trade. We have a yen that has weekend toalmost 109 weakened almost 109. Optimism for a trade deal driving the yen up to almost 109. Right now, 108. 77, driving up the 10 year yield, looking at 1. 80 right now on the 10 year yield as investors feel comfortable enough to let go of the perceived safety of u. S. Government debt. You see s p futures gaining once again after we saw new record highs for the Dow Jones Industrial average, the s p 500, and the nasdaq in yesterdays u. S. Trade. It is definitely looking like a lot of risk on sentiment in these markets as we get more and more optimism on trade. Still, equities may have even higher to go. Here with the details is dani burger. We might seeson equities move higher is theres one key group that has not latched onto this rally, a
Matters to the markets an your money. Forget trump and xi and china. A new trade war just started well tell you what it is on this wednesday october 2 as Worldwide Exchange begins right now. Good morning, good after, good evening wherever in the world you are watching maybe you are in australia, the home country of acdc if you live around here, this is a scene in new york. It is dark get ready. It is going to be hot. Right now, it is 5 00 in the morning. It is already 73 degrees it is going to hit 89 or 90 degrees. There is your weather hit. Our first ever lets see how the markets are coming off of yesterdays decidedly cold drop. Not only did we fall, we gave up all of our gains from the Third Quarter in a single day. Futures, as you can see, they are down dow futures are off 139 points right now. Remember something about october. October gets a bad rep it is known as a volatile month and one of the worse per forthiformin months of the year the last few years, october has been relative