The top of joe bidens agenda. His relations with beijing may differ in tone from the president but perhaps not in substance. The best the dollar extends its decline. Over the future of the u. S. Administration. Rise inie and the kiwi early asia trading. We are seeing those commodities and currencies benefit. Asia is waking up and getting the for the first reaction to president elect joe biden. The nikkei 225 to the upside by 0. 3 . These watching some of clean energy as well as infrastructure related stocks here in australia and new zealand. Joe biden preparing to take office as the 46 president of the United States. He is moving forward as president elect launching his transition ever and preparing a plan to tackle the coronavirus however, President Trump still refusing to concede while weighing more legal challenges. Mr. Biden the people of this nation have spoken. They are delivered as a clear and convincing victory. We the people. I pledge to be a president who seeks not to divide
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
Across this nation and worldwide. In morning on bloomberg television. Coming up, an important conversation with the vice chairman of the Federal Reserve system, Richard Clarida of columbia university. Jon, were way out front on the collapse of the United Kingdom suffered on the pandemic. But the bombshell you and i didnt see was the Prime Minister taking this Natural Disaster out to march of next year. Jonathan and maybe beyond. We certainly didnt see that in march 2020. We had three months of happy talk around europe versus the u. S. Many people have come on the program and talked about it. The data is not great either this morning. The service data softer than people expected. Manufacturing data ok. Do we start to hit some road bumps not just on the policy around covid, but also on the economy and this recovery . Tom what is your measurement of the American Economy now, in the many conversations you have on this . I am getting the sense of down big, up big, but i dont understand wher
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