Why it matters so much the big difference between trump and biden socialists i think it is the end of the viciousness and the embarrassment and the anger. Trump hate them or like them hes the most polarized candidate i can remember once the race is finally over, there is some tensions dialled back regardless of who wins. In other words, maybe america can finally chill out starting tomorrow or at least this week second, there is a new found and naive consensus that our democracy is stronger than partisan would that be something . We have an orderly transfer of power if joe biden wins. A lot believe that biden will win decisively and go to bed before midnight. I have said it over and over again since 2016, you have to base your Investment Decisions on the hands that you are given, not the president ial election. Last week we got hit with a 5 decline including the ones just reported of fantastic quarter. The analysts dont want to hear about big covid cost we hear more of potential regulat
3 10 of 1 . The dollar is on offer and the pound is overtaking the 130 level. We will try and see whether or not we are getting developments in the brexit story. Some suggest from the bbc that a deal has been done on the internal market bill that will tradingmps and crude higher as well. We saw Inventory Data a little bit early on. The fed is the main event. Alix but also, a vaccine. The official says that all americans may get a Covid Vaccine by april. The s p so far has no reaction and we are already off the lows of the session by. 3 . All americans may get a vaccine by april, unbelievable, if we can get it done and distributed. The fed has to take that into account as well. Joining us is randall kroszner. Always good to talk to you. I am trying to understand how the fed looks like a headline looks at a headline like vaccines and some Economic Data that is not terrible. Service sectors were not bad. We did not have a catastrophe because of no extra fiscal stimulus. How does it deal w
Lets get your headlines for you. Beijing cansles flights and orders schools to close as chinese cases of the coronavirus rise. Infections. New jay powell said the fed will use all tools to defend the economy. Robert caplain said healthcare policies are key to recovery. Indias defense stocks gain after the first deadly clash with china. The first clash resulting in death between the two countries in 45 years. Now we have e. U. Car sales coming out and the drop is substantial as you may expect. 57 is the european car sales drop in may. This comes after the much bigger plunge of 78 in april. Car sales falling by more than half. 57 in may after the 78 plunge in april. Of course that is not unexpected considering the fact that most of the month at least Car Dealerships were closed in many countries in the European Union. Just under an hour away from the start of cash equity trading in europe. Lets take a look at futures this morning. As we said, a little bit of a pause in the risk rally. Ts
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