Fishing license. Welcome to bloomberg surveillance. Im Francine Lacqua in london. It is the last trading day in november. Certainly a lot of traders will be feeling the same, but stocks are dropping after this recordbreaking rally. A bit of a pullback on the last day of the month, capping this recordbreaking rally. Oil sliding after ministers failed to reach an agreement on supply. Small caps, energy and companies, banks, that group has been leading the rally in november. Today, a bit of profit taking. A couple of other things im watching for is the price of oil. We talked about that, encouraging news on brexit, which is why we see sterling at 1. 3333. The portuguese 10 year yield come i like that because we are on zero watch, or negative watch for that yield. Word newsyour first with leighann gerrans. Opecplus has failed to agree on an allay to januarys height. Many members support keeping production at current levels but the United Arab Emirates and kazakhstan oppose the move unless
World and its not necessarily a disaster or risk for the market, that is collective and i thought i would pass it along. We will be looking at the mail about it under ballot situation, and new theory being pushed that sends more democrats seem to be voting by mail, you could have a situation where on election day itself since republicans tend to favor voting in person the early results on election day could favor donald trump and then the mail and results which take a little bit more time to tabulate in places like pennsylvania delayed up to six days, you dont have a clear winner because neither side is budging, its kind of an interesting conundrum, particular in the bottle around states, we will be monitoring that we also have the ceo with us, that is a very, very popular means by which i would just say everybodys taken advantage with airports in a beach traffic and all of that. , blake is doing okay through all of that, we will follow that as well. In the meantime the dow is about 32
Coronavirus cases top 2 million in the u. S. As the number of infections rise in texas, california, and florida, all recently reopened states. Not even thinking about thinking about raising rates. A dovish jay powell sends global stocks and treasury yields lower. Most fomc measures see rates zero through 2022. It raises concerns about the real state of the economy. Nd capitalizing on chaos Goldman Sachs makes 1 billion from the oil market turmoil. Drivingp sees its bond trading revenue. Big on europe. We are seeing futures. 2 losses point two losses on the indexes. Most of the major indexes were less than 1 . Drops in the u. S. After that fed meeting. Jay powell saying hes going to keep rates at zero through 2022. It looks like the market is now concerned about the strength of the underlying economy considering those comments. U. S. Futures down 1. 5 in terms of the dow and the s p. Anna in terms of the underlying economy, concerned also about the rise in the rate of infections in the
24,000, far cry from nearly 30,000 we were touching in february. The reminder, you dont lose any money until you take money out. It could be a bull market, bear market, combined head fake here. Be that as it may, this comeback is pronounced and some of the earnings already factored to be awful, the case of couple of them not awful, that is good enough. President will be meeting shortly with some of the coronavirus victims who came out of it and you know, he wants to get a sense, their plasma in high demand. Speakers on behalf of the 80 plus percent who survived the virus quite well, will be a telling moment, when we go to the white house, get a tape of the meeting with those patients, what it was about them that made them survive in the first place and thrive. Right now, so much so that their plasma is in huge demand. As man and woman theyre more than happy to help out. Were following that. Were getting a gauge what the president will do with socalled Economic Advisory board. Theyre no
This is the story of a world whose borders and territories were drawn by the slave trade where violence subjugation and profit imposed their own roots this criminal system shaped our history and our world. Unsubtle the portuguese invented an economic model with unprecedented profitability in the sugar plantation. It was the 1st black colony but 1st slaves as are others. Where when i was a black man was sugar cane. In the 16th century other european powers were eager to follow their model their greed would plunge an entire continent into chaos and violence nearly 13000000 africans were cast on to new slavery routes to the new world where the english the french and the dutch hopes to become wealthy immeasurably wealthy. Because the caribbean has similar climatic features to sell until may it eventually became the principal crossroads of the slave traders routes for people in the western world these islands are today associated with the cation guadalupe offers tourists a dream destination