There is no return to lockdown here. Europe shouldsays not return to full scale shutdown to avoid another hit to the economy as french daily cases hit levels not seen since april. Tech continues to drive gains. The nasdaq hits a new record, propelling stocks and futures even higher. Pfizere news on a vaccine serves as a tailwind. Plus, biden vows to end the darkness. Calling his opponent a National Embarrassment. He promises to support the working class and reform taxation. Look at the futures right now. In terms ofains tech stocks in the u. S. A new high. Now we see a little bit of a mixed picture with ftse futures pointing down, but continental futures are on the rise. Back all gaining. Lets take a look at what u. S. Futures are showing us. More green arrows. Almost 0. 2 percent on nasdaq futures right now. Alsond dow futures are gaining. What are you seeing on the gmm . Anna it seems that markets, investors taking a glass halffull approach. You can see some of those markets doing we
Return. Cellent huge samestore sales beat at home depot. Now walmart out with a digital 97 at theirup online stores. Granted, it is a different a different mix than home depot. A stunning statement from the traditional of england, where i believe one and in will be shown the door. Anna they are hoping to do this through voluntary redundancies and retirements and the like, but they got to get to that number. Food was a bright spot at marks spencers. Obviously, the online shift on all of these retailers has structurally been dealing with prepandemic comes with costs as well for retailers. They need to reposition their businesses for a new world. Tom it is a really complex tuesday here on our simulcast. We welcome all of you on Bloomberg Radio and Bloomberg Television. Futures up eight. The vix is a stunning 21. 22. Unimaginable weeks and months ago. Really noting dollar weakness at 92. Ith the dxy give us the themes that you see this morning. Get to the week as well. Weve got an fx voice
Steve engle at Standard Chartered with a blistering note about the fed minutes being reinterpreted. Weve got some breaking news. I dont know if you see it there i home in london, but this is critical. Alone,leaves the rate and we get turkish weakness of that headline. Mr. Erdogan simply doesnt want to raise rates, does he . Anna absolutely. They are leaving their oneweek repo rate. The big picture here is that many economists saw this coming, but also thought the Turkish Central Bank should hike rates because the Interest Rate in turkey is well below inflation, and that kind of makes turkey stand out on a number of measures. They are also spending fx reserves to try and prop up that lira. We were talking about a turkish crisis back in 2018. The lira is weaker now than it was then. We will talk more about emerging markets later in the program. Lira has been stronger the last one he for hours. It weakens demonstrably off of this leaving of rates. Right now, i can do the data check right
Three basis points. 250 on the 10 year yield. Lets turn to all of our top stories. Germany is recording more than 1000 new cases where a day and spain reporting its highest number of infections since april. Theing meet with more is Bloomberg Intelligence director of research. Put these numbers into perspective for us. Obviously they are going in the wrong direction and germany was the the one that poster child of at least severe numberost thanaths per population other european states. The cases rising are not nice to see. I am not complete surprised in terms of what is going on. We have opened the door and we have allowed people to start moving around. We have allowed people to roam around the street and go to beaches, etc. You can tell people as much as you like that we are social distancing and you cannot enforce it apart from closing areas where you where these clubs,spread, bars and etc. Leader haspanish gotten a lot of flak about being on vacation and not taking the same role he t
Republican senator inpatient as well. I cant see how we can go home failed. People we they will all have to go home at the end of the week and tell people they failed. Lisa and there is pressure from President Trump that if you dont do it, he will go at it unilaterally. You have to think that he is adding to pressure to passing this through for republicans. Also today, what am looking at, to the clock a. M. , u. S. Durable goods and factory orders. Gauge was the strongest since september 2018. Aftermarket today, disney reports earnings, expected to have a lost. But everyone looking at disney plus, what kind of traction they are getting their earnings. Did you get disney plus just to watch hamilton . Jonathan of course i did not. [laughter] lisa i am shocked. Jonathan full anyone else try to buy tiktok . Tom im glad you asked. Lets put it this way. Disney has 14 billion in cash. Billion inas 140 cash. You do the math. Jonathan i think microsoft has the money to get it done. Did you see