Everyone here is really waiting with baited breath on who the president of the United States is. We understand through the counting that joe biden could win it. It is razor thin, but we dont know for certain. The markets dont expect some kind of surprise, which is why they are stable and up. The other story is the bank of england, talking possibly about negative rates. Although, not for now. Guy johnson in the conversation with the governor talking about the Downside Risk. I think we have learned earlier this year with thoughts of covid, that we act both andkly and we do at clearly scale. We have a very substantial genocide risk on the forecast, and a lot of that relates to how covid itself will evolve. The bank ofernor of england. Extensive comments on this. Really important interview, mr. Johnson, with Nestor Bailey on the bank of england. I should note, sterling rallies nicely. Some of the headlines this morning are pretty shocking. Let me do a data check. Jonathan ferro just emaile
Interview for global wall street. I believe david folkertslandau is scheduled with us, from deutsche bank. The sun has not risen on the east coast yet. When it does, we will start to see the trickling in of the final 5 of voting in some states, and in some there is still a very large gap involving tens of thousands and hundreds of thousands of votes. What am i focused on . I guess i have to be focused on nevada. I may be wrong on that, but that is the one state on focused on right now, francine. Francine what im focused on is the legal challenges. I think it is pretty much being dismissed by the markets, and a lot of legal experts are also saying there is not a path forward for the president to challenge the voting. My want to see how that pans out and if there is a bigger impact. Lets get to first word news with ritika gupta. Just oneoe biden is battleground state away from becoming the next president of the united states. Biden already won two key prizes in the midwest, the states of
To,h mcconnell doesnt want nancy pelosi and Steve Mnuchin do. They dont see much closer. I think theres a political question underpinning the market, are people secondguessing their dismissal of a contested election. Interferencee raised yesterday, possibly increasing the chances of a messy elections these in election season. Jonathan may become im just not going to get excited on an 11 point move on the s p 500. Lisa we could try. Jonathan heres what we look like on my heels coming down a basis point. 118, we have replaced this weakness with Dollar Strength in much of g10. Johnhe news overnight, ratcliffe saying that iran and russia are meddling in the United States election. Heres the u. S. Director of national intelligence. That some confirmed Voter Registration information has been obtained by iran, and separately by russia. This data could be used by foreign actors to attempt to communicate false information to register voters. Jonathan John Ratcliffe on attempts on iran and russi
Struggled since february. Francine im really looking forward to speaking ian the little more about this eurasia report. The question is if you look at financial risk, it is at the bottom of the list. We talk about you wonder if we talk about health risks and the pandemic that we ignore black swan. Next, we need to talk about brexit with en as well. Tom are we with ian as well. Tom are we on the watchlist for the Prime Minister of ireland . We are waiting for comment from ireland, right . Francine we have a new leader summit and we are expecting him to come out, yes. Also expected to talk about the internal markets bill. Tom pound sterling is 128. 47, a bit weak today. With first word news, here is ritika gupta. Ritika President Trump signed a stopgap legislation that will avert a government shutdown. It will keep the government operating at current spending levels through december 11. The countries of Spending Authority expired at midnight. Neither democrats nor republicans won today s
Territory. The week has had news of ashares cell a share sell. China puts money on chips to counter rising pressure from washington. It has the same level of backing as the Atomic Program enjoyed years ago. Sophie lets get a check on the set up in asia. Some much awaited pullback on wall street. Asian stocks look set to fall. 1930still Holding Around levels and the yen above 106. But when it comes to stocks in china and hong kong, a drop is productive at least 1 . Softbank is said to be considering a bid for tiktok. In the Semi Conductor space, news that china is planning to support the domestic industry, which launched a billiondollar route in u. S. Chip stocks. Also in south korea, watching for any details of a potential in thecash handout budget that could be announced this weekend. A snapshot of the u. S. Close, the s p fell the most since march, and it was the biggest sincefor the s p june, the biggest drop for the nasdaq since march, with apples market cap falling below 2 trillio