Strong. The risk off fee here is tangible. The sap inp germany. What if you bought shares friday . Francine we understand that it could probably infect or touch the european stocks. We have the october german business confidence, 92. 7. Lets get to the bloomberg first word news in new york city with ritika gupta. Ritika House Speaker nancy pelosi says the chamber could pass the pandemic relief package this week. Still, a deal with the white house remains elusive, and the republican led senate may not act before the election. Both sides accuse each other of moving the goalpost on the legislation. President trumps chief of staff theymeadows is says will not control the pandemic, that the government response will be on vaccines and treatment, not containment. As president mike pences chief of staff and two other staff mirrors have tested positive. Staff members have tested positive. Amy Coney Barretts nomination to the two republicans are being accused of using political power before elec
Big internet companies, that was the worst sector yesterday. Investors bidding those higher into earnings. One note, something that is not different, supporting the idea fundamentally nothing has changed, investors looking past it, we have a lower low on the s p 500. Sharply,ave oil down heading to the worst week since april. Commodities, and wrist asset down in a bait way. David to add one further complicate in fact are, look at the 10 year. We are above 80 basis points again. That is a risk on reaction. How does that fit with commodities . Abigail great question. You have bond selling off. The 10 year yield back in the top part of this years range, suggesting it will make a move for 1 . That will be wrist on because it would mean investors going out of bonds and could also pressure stocks. On the week, bonds are rallying. On the week we have a big haven bid, big haven bid for the dollar. The dow and s p 500 heading for the worst week since march. We also have crude oil down in a big
Into new orleans, killing two people. It also left 2 million homes and businesses in the dark. Experts say damage could total as much as 5 billion. Wto members are confronting the reality that the future of the genevabased institution is now in the hands of the american electorate. The Trump Administration has decided to block nigerias former finance minister as the next wto would record general. The u. S. Is backing the south korean trade general despite overwhelming support from other countries for the other candidate. Global news 24 hours a day, onair, and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in more than 120 countries. Im Mark Crumpton. This is bloomberg. It is 1 00 p. M. In new york, 5 00 p. M. In london, and 1 00 a. M. In hong kong. Im taylor riggs. Welcome to bloomberg markets. Here are the top stories we are following on the bloomberg and from around the world. The u. S. Economy recovered much of its normas ground it lost in the spring,
A 2nd wave of infections affecting everyday life. 3 people have been killed in a knife attack had a church in the french city of nice several others have been injured the attacker was wounded by police and is in custody in hospital but its not reports a place of worship now a crime scene inside not a dumbass silica early on friday people have been praying when a man armed with a knife started to attack them 3 people were killed one of the victims a woman was decapitated according to the Police Another victim was the churchs warden. The most. I still imagine him i still see you lighting the candles and now im thinking hes not there anymore. If definitely we are always with him hes always there he spends the day there he shares his life here hes not someone who comes in. Those witnesses say the attackers shouted out o. Akbar he was shot by police near the church in central niece and is now being treated in hospital for his injuries. But we are heard to once again see that our city has ta
Can innovation to a new trick Brian Mcguigan cold jimmy reed jimmy reed working with history why that title. I think alex it simply sums up jimmy a man who what was his trick these as a 2 fighters and who swore 20 centuries. It became a figure of j. Significance only one of these were true series of interviews some 20 years apart which it was is fascinating in the 1st 70 years was in the the early 1990 s. Summer correct yes or straight 1904 had what was genuine these magazine 7 days and in the sea nonchalant of own project in the sense that he said it typical jimmy well general you want to talk sense on tomorrow absolutely and then. And 2008 when its a child to beauty so it was a much smaller slate to jimmy not point out say. It was a clever well read in the selftaught in the main an issue say here norton some of the great towering figures of the of the 20th century have and i know that one of his great friends was with paul robeson the Great American based center and civil rights acti