Even though the gains have been so big, up until now it doesnt mean you should bail out and not get in on the game. I do wonder, jon, especially if we dont get a fiscal support package, especially if we do get increased deterioration in the economic data, i do wonder if well see a change in sentiment. Jonathan what if we get more restrictions . California, the governor, mr. Newsome had this to say yesterday. If these trends continue well have to take much more dramatic, arguably drastic action. If hes implying they might have to have a shelter in place order like back in spring or a flavor version of that, how do we get through that if we dont have the fiscal hand down from d. C. . Thats the question going into december and 2021 . Lisa the markets have shrugged this off completely. The deterioration some of the High Frequency data. If you want to look at the v shape recovery check out manufacturing which brings us to what we are looking at today. U. S. Manufacturing data, construction,
Treasury yield target. Chancellor merkel looks to repair the transatlantic trade ties but bidens Irish Heritage threatens the u. K. s special relationship as his views around a hard border in ireland remains central to brexit talk. Welcome to the program, everybody. Just under one hour to go until the start of cash equities trading. Lets have a look at where users have us positioned. We saw a strong appetite for risk assets last week and that continues with the big news over the weekend about president elect biden. Point 21. 550 futures percent, echoed by ftse futures and dax futures. Buyave a sense of if not everything, buy risk and treasuries. We are not seeing full wholehearted embrace of the fixed income asset class this morning. This is what got on the global stocks outlook. Mastec futures outperforming. A lot of this had to do with hyden the optimism around what President Biden might do around stimulus although there is a senate conversation. What does this mean for reflation . W
Consumer confidence relatively judge the michigan consumers intimate data is a good guide. Lets break it down a different way. Current conditions, 85. 9. That is above expectations at 84. 9. This is what i was really looking for, expectations also ,oming in ahead of expectations but they are still below current conditions, 79. 2. They are not going down, which ethic is the really important thing, as we see the virus picking up. Alix and we didnt get stimulus, counterintuitive to what many thought would happen. Big tex stocks are lower on a stocks big tech are lower on a flurry of data. Now with us, mark st oeckle. Are you buying the dip . Tok i think people need keep it in perspective. The reports were good. I think what we are seeing today is skimming a little but of the froth out of the valuation adjustment. I think they are all very wellpositioned and very well performing companies, but lets also not forget weve had a big run up into these numbers. The interesting part is you look a
Motions move. I know that the house of commons will be more than happy to facilitate ritual participation if the house voted for it. I am more than happy. This is not for me and house authorities. Lets get on the way up Prime Minister. This morning, i had further such meetings later today. Quick thank you, mr. Speaker. Are thehis pandemic, we constituency of northwest cambridge. I saw a number of instances of ordinary citizens doing external we were, helping the elderly and the vulnerable. That would be repeated across the country in every constituency, giving truman meaning to the Words Committee spirit. Would my right honorable fred take this opportunity not only to acknowledge this fantastic work that has been done by so many people but also to give a huge thank you to each and every one of these heroes of our coun . Every one of these Unsung Heroes of our country. I thoroughly concur with my right honorable friend and congratulate all volunteers for the spirit and achievements they
Participation of the house itself, all positions being made by motions moved by the league of the house. The house of Commons Service will be more than happy to facilitate a virtual participation with the house department. I would be more than happy to accept. The relevant motion, not for me and the house parties. That is beyond the way. I had meetings with ministerial colleagues and others, i shall have further meetings. Thank you, mister speaker. During this pandemic my constituency of northwest cambridge i have seen a number of instances of ordinary citizens doing extraordinary work helping the elderly and the vulnerable and that has been repeated across the country in every constituency giving true meaning to the words community spirit. What my right honorable friend take this opportunity not only to acknowledge this fantastic work done by so many people but also to give a huge thank you to each and every one of these Unsung Heroes of our country. I thoroughly concur with my right