The transition process starting to kick in. Tom not only the good news, but just as much as there was no bad news today, and that gives a lift to equities and other adjustments in the market. Jeffrey currie will join us from Goldman Sachs, which is wonderful. Futures up 27 and we will talk about the data in a moment, but yes, chair yellen front and center in this historic moment for our politics. Francine lets get to bloomberg first word news in new york city with ritika gupta. Ritika President Trump is finally calling on his agency to cooperate in the formal transition process with joe biden. That follows weeks of inaction. The General Services Administration Made its official made it official with its acknowledgment that biden was the winner of the election. Still, President Trump says he will contest the outcome of the vote. Formeren has turned to fed chair janet yellen to be his treasury secretary. She would become the first woman in the job if she is confirmed. She is likely to wi
Fed call for urgent action. We are joined exclusively by dallas fed chief robert kaplan. And the debate, joe biden refuses to push back his next meeting with President Trump the white house rules out of virtual clash because of covid19. Quick check of the markets coming online, u. S. Futures right now up. 3 , after the close, we have the white house saying President Trump is open to Something Big or than the skinny bill. It has all been about optimism over stimulus deal, despite conflicting signals on capitol hill. We had u. S. Stocks in the regular session wanting to a fiveweek i. We have optimism on corporate will, adding to the positive tone. Eaton vance jumping after agreeing to be taken over by Morgan Stanley, more on that next the dow higher. 4 , nasdaq. 5 . Oil is gaining. 3 at the moment, climbing to its highest and more than a month. Opec now saying the worst may be over. Demandve boosted their and their crude outlook for the next four years at we have the dollar falling, and
Been interesting. Not just value but also small caps. Also industrials, also cyclicals. They wound up beating estimates, coming in at over 600,000. The earnings went up slightly as well. If you have a miss, you get punished. For global exchange. We will bring you todays market news from around the world, from hong kong to brussels to london. First, we start off in asia where china is firing back at the u. S. Mike pences criticism of his actions against protesters in hong kong. He said chinas actions in hong kong curtail liberty rights. The Foreign Ministry blasted the remotes remarks and said we hope they can get their own house in order. I was quite surprised by their response today. Their response yesterday was much more consolatory consolatory from chinese news outlets. They accused Vice President pence of line. They accused him of arrogance. Y said his speech was and the like. As you mentioned, they said the u. S. Has to look itself in the mirror. To your point about consolatory to
Yesterday with donald trump in the oval office and he talked both sides of the question. Pres. Trump fortunately that drone was unarmed. There was no man in it. We didnt have a man or woman in the drone. It would have made a big difference, let me tell you. It would have made a big difference. I have a feeling i may be wrong and i may be right, but i am right a lot i have a feeling it was a mistake that shouldnt have been doing what they did. I want to get out of these endless wars. I campaign on that. This is a new fly in the old meant in the ointment. This country will not stand for it, that i can tell you. David but i dont to get into a war. We see two kinds of the sewing two sides of the coin within the president s and min within the president s own mind. Alix lets take a look at what is happening in the markets. Gold crashing up against 1400, and that is paired back a little bit as the missile strike was called off. Youve got s p rebalancing. All of that means a lot more volatilit
Car bombs to hold off the iraqi military, which is backed by the American Special operations troops. But the liberation of mosul, the city of nearly a million, is gaining ground every day, and our Holly Williams is covering the fight. Reporter it looks like a toy plane. Just a really big slingshot. Reporter and sounds like a lawnmower. But the rq7bv2 is a 1. 5 million drone. The u. S. Military calls it the shadow. In the skies above mosul, it allows the American Coalition to do this. [explosion] call in air strikes targeting isis positions. Sergeant joe pinchott is a drone pilot with the 82nd Airborne Division in northern iraq, surveilling the battlefield in incredible detail from the back of a humvee. By the vehicles theyre driving and what theyre wearing, its pretty easy to tell. You can see what people are wearing . Enough to make out if theyre american or not. I cant read their name tag or anything, but i can tell what theyre wearing. Reporter the average age of the drone pilot in