Coronavirus vaccine trial. There are three weeks until the u. S. Election. President trump returns to the campaign trail in florida. President trump now, they say im a mean. I feel so powerful im immune. I feel so powerful. I will kiss everyone. I will kiss the guys and the beautiful women on the everybody and everybody. I was just will just give you a big, fat kiss. Good morning. Manus cranny is off on holiday. Its not even winter and england is introducing lockdown measures, including closing pubs. As the rest of europe, the United States deal with the resurgence of cases, wall street closed higher, with the nasdaq having its best athans april. All of this has me wondering its best day since april. All of this has me wondering, are Financial Markets diverging from reality . Johnson and johnson halting its Covid Vaccine study. S p 500 futures under a little bit of pressure. Msci asia relatively flat. The hang seng index has not traded at alternate due to a typhoon at all today due to
Uch more going on in this hour, chair yellen will join us. I will ask about the speculation of her taking a position within the biden administration. Yes, we will talk about Climate Change and the Nobel Laureates process. I want to go to the equity markets right now, and ben laidler talking about a multiple. Is this morning the beginning of a melt up . Jonathan not for me to call that. The habit talk around the happy talk around more stimulus, maybe. This market just wants to go higher. Market participants find a narrative to tell us why is going higher. Three months ago, a blue wave was bearish. Three months forward, a blue wave potentially is now bullish. I think that is this i think that is just the mood of market because of its right now. Tom what is so important then is to see the china gdp statistic today. 4. X percent is 4. X percent. Jonathan we have been talking about the Global Economy as one complete entity. There is so much divergence right now. The chinese economy is reall
Worldwide, a number of stories, including 21 days to the election. Both campaigns gearing up and finetuning. We are distracted by Bank Earnings. Jon ferro, jp morgan doing better than good. Citigroupi am getting , on first blush giving us the same enthusiasm we heard from jp morgan. Jonathan jamie dimons jp morgan delivering the beat, and it looks like city group is repeating the action. Figurepoint out, the eps third quarter, 1. 40. A little bit of an upside surprise here. I believe we have sonali basak with us. What are we seeing. Sonali we are seeing a beat on revenue, on fixed income. We are seeing loanloss provisioning higher than what jp morgan put in, but lower than what analysts expected. Perhaps wall street has just gotten it wrong compared with the banks are expecting in terms of loan losses. They are higher than jp morgan, so we are going to want to understand why the divergence, but overall, pretty clean numbers here. Tom as we see the numbers come out, we are getting this
Ill kiss at the guys and the beautiful women and everyone. Trump there. Sident welcome to bloomberg, a servant welcome to bloomberg surveillance, im Francine Lacqua. Earnings in the u. S. And that could move some banking stocks. Overall, stop think stocks are dropping. Bank stocks are dropping. Period forbusy corporate earnings. After fluctuating something with workers in the u. S. Gulf heading back following hurricane deltas landfall. A major step towards reopening. News. Get the first word here with me is leighann gerrans. Has announcedon bars and clubs will closed in the worst hit parts of england. His Health Advisorys it wont be enough. He says local authorities will need to take more action to take the virus under control in some areas significantly more. Crossing to the u. S. , the confirmation hearing of Amy Coney Barrett descended into a partisan clash over obamacare, the pandemic and President Donald Trump. She cast herself as someone who puts personal preference aside, pointi
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