Daily virus cases. In some cases, records. Chancellor warns of an unemployment tragedy. Markets tick higher in spite of the dire warnings across europe. Europeile section on ends in the green after the s p dipped into negative territory. The trillion dollar gap. A 2. 4mocrats draft million stimulus bill. As mnuchin says he is ready to talk trump. We will be following this closely for you. Lets take a look at what futures are showing. Pointingfutures higher. We are looking at gains of 0. 4 . U. S. Futures also pointing higher for this friday, about 0. 25 . The pain in which contract you look at. The c anday in the gmm . The asian equities session going to the upside. Futures pointed out in the asian equity session, up 0. 4 . Indonesia, australia, india, all those markets moving to the upside. Is pushing us upwards just a little bit. We are all about the physical right now. The fed talking about the need for fiscal stimulus. Very much talking about the you of things as side well. Lets go
Else, stimulus optimism. Pelosi and mnuchin are set to speak again. Airline stocks are up. Plus the race for a cure and treatment for the coronavirus. Shares of regeneron and eli lilly are rallying, both asking the fda for emergency use approval for their antibody therapies. And speaking of surging, look at shares of ibm this morning, moving up on plans to spin off its it infrastructure unit Arvind Krishna and Ginni Rometty will both join us first to discuss this historic move for the company. Carl we are awash in headlines from the president after this 55minute interview. But buried in there are discussions about the progress of stimulus talks and emergency approval for the likes of lilly and regeneron. Look, i think that there is a narrative that were going to start hearing and it was the president s narrative, he voiced it, i know if youre george ancopolous, you dont want to hear it is a cure. You want to hear it is something that is part of a cocktail of things that you need to be
Stories. Two turkey just crushed. Story, which you and lisa both mentioned, particularly since oppressor, bonds are going nassar gas bonds are going nowhere. The yield curve control is here. Outside of that, the equity markets are doing well. Materials surging off the march low not really disrupted with what has happened with big tech. That is just one segment of the equity market that has faced severe headwinds over the last couple of weeks. It is a big growth story. Tom a mystery enter friday and growth forward. Im completely distracted. You are going to have to save me. We need an update. Garrison sergio over the English Channel right now. I have got a much bigger announcement. Drumroll. I think we have got a birthday today. She kept it very quiet. It is a happy birthday for lisa abramowicz. Lisa thank you. Another pound is too strong to expect a gift from you. Jon i will do my best. Isa a pair of socks great depending on what this Consumer Sentiment survey is coming up at 10 00 sho
That is better sequentially and Beat Estimates as well. I should point out that july was also revised higher. At a monthtomonth basis, looking at an increase of 4. 8 . It continues the story of the Housing Market on fire, very strong. That is going to bode very well for home sales. We are even seeing private equity going into buying homes to rent them out. A lot of the news coming out from washington over the last 24 hours. Currently, we have President Trump and the first lady paying their respects to Supreme Court Justice Ruth Bader ginsburg any moment. We are bringing you live pictures, and we will bring that to you live as well. Meanwhile, the president refuses to commit to a peaceful transfer of power as the peaceful transfer of power if the tally shows joe biden as the winner. He spoke at a News Conference yesterday. Pres. Trump we will have to see what happens. Ive been complaining very strongly about the ballots. The ballots are a disaster. People are rioting. Do you can bi do y
,ood morning on Bloomberg Radio good morning on Bloomberg Television as well. Interesting markets as well. We will talk about the market in a moment, whether you need to climb back on board. Lets get right to the yields right now. Yields a little bit higher here. That has proven to be lower prices, stronger yield just in the last hour. Jonathan yields up about a basis point on the 10 year, but yields have been all over the place. They havent really gone anywhere in the last week. Weve been in and around 70 basis points on the 10 year, and that is about where we are this morning. Tom we got a weve got to touch on tiffany. I know youve wondered over in london, and you need the tiffany china mugs for 200 pounds large. But they are not going to do it with lvmh. Jonathan i will take a pass on that. I will be spending less time there, thats for sure. The reason they are giving and the reason people are suggesting is around tariffs on french goods. It is not for me to say whether that has bee