That is the shoes, right . The shoe extension . Francine i dont know if you can hear it, but it is a neighbors. It wont last very long. Hammeringtle bit of there. We welcome all of you here, to the realities of the pandemic. The pandemic is front and center, but there is a lot of other news. I would note pacific rim currencies continue strong. Francine they certainly do, and there is quite a lot going on also in pound talks, so lets not forget brexit and the u. K. E. U. Relationship. Les get to first word news with ritika gupta. Ritika the Trump Campaign is abandoning demands that almost 700,000 is withdrawing a key part of its lawsuit against the Election Results in pennsylvania. It is abandoning demands that almost 700,000 mailin ballots be thrown out because observers were kept too far away from the count. The challenge is now against a far smaller number of ballots, almost certainly just a fraction of bidens lead in the state. Joe biden is Meeting National security experts, but his
Ireland, so we are watching the pandemic on those fronts. It wealth story right now is the welsh story is the most serious clampdown. A circuit are being brought in with the hope and expectation that could be lifted after two weeks. Tom and on brexit, im thinking fishing rights. There is an update. It is the end of october, we are getting what is the brexit plan the rest of this week as we are all distracted in america . Anna it seems as if the u. K. Government is still waiting for concessions on the e. U. Side before jumping back in to any kind of talks. Sidewants to see the e. U. Actually verbally explicitly say they will concede something in order to get the talks restarted. We will see whether the e. U. Jumped at the chance or not. Tom we will get to the data in a moment. Futures up 18, a lift off what we saw yesterday afternoon. With first word news in new york city, here is ritika gupta. Ritika House Speaker nancy pelosi and treasury secretary Steven Mnuchin are drawing closer to
Im Francine Lacqua. We track the markets and policy. We look at statebystate, the difference between joe biden and donald trump to figure out what will happen overnight. What is clear is we are getting quite a lot of volatility. Volatility spurred on because there is concern there will be civil unrest if certain votes are not counted. There is concern out there in the press we could see civil unrest if the candidates of whoever does not win actually sees people go out in the streets. Stock climbing globally for a is americanbut it president ial election day so currency traders are taking the brunt off for the increased volatility. I spoke with one senior banker yesterday who said in terms of the trading floor, they will have pretty much full staff overnight to see what happens. When i asked about havens, it is difficult, he said, what would constitute a haven. A bit ofee the vix, elevation earlier on. The pound dollar. , for the moment we are looking at some of the currencies. Lets get
This is ferro at his worst. [laughter] his cruelest. Thering mr. Betts into conversation this early, we say good morning on Bloomberg Radio in boston. The red sox, worst in the american league. And we move on from there. 15 days until the election. Schenker earlier, is there going to be a debate thursday night . Is that still up in the air . Jonathan we understand there will be a debate thursday night, but who knows . Thats the problem for this market. My question coming into this week is basically how much of the mediumterm outlook hinges on what happens in the next two weeks. How many of our Market Participants have come on this program and actually believe that . Tom we have two people could talking melt up. Ben laidler at our hudson and Chris Verrone at tower hudson, and Chris Verrone. He is looking at the number of stocks above their 200 Day Moving Average and other smoke and mirrors to really get him a bullish cast. You wonder if it is the markets expecting out into next year. Jo
And tom keene. A postdebate bloomberg surveillance. We welcome all of you on bloomberg television, Bloomberg Radio across this nation after an extra ordinary evening observed by all last night. We have good analysis through forward in the view towards october 15 and the second debate. I know we are going to try to focus on where we are in economics, finance, investment and that. Ive just got to go to your observation of seeing the debate from london. Was london engaged in that of a last night in the debate last night . Jonathan it was the talk of breakfast this morning, i can tell you. I was watching it on my phone and the waitress came over and discussed what she thought as well. I think many were surprised come about at the same time, what else did you expect when you were going to put these two people in the same room on the same stage . Tom you are absolutely dead on. When they started in last night with Chris Wallace, at times almost debating with the president , to see what they