Merkel is said to have warned germany could exceed 19,000 cases in a day. Trump and Joe Biden Square off in the first president ial debate tonight. Bloomberg television and radio will have special coverage and analysis on the headtohead. 6 00 a. M. In london, 7 00 a. M. In frankfurt and 9 00 a. M. In the difc. Differencell it make to markets who wins technically . Tell you what is questionable, who is the greatest of them all . Slightly schizophrenic in the equity market but do you want to walk naked for the next 30 days into an election and be short the dollar . We will take a look at the dollar. Kitties is the carry trade getting unpacked. The short dollar by the e. M. Buy the em. This is the biggest losing trade out there. Bmp into the election, high vol, there will be a better opportunity. The fx carry trade is down nearly 3 this quarter, adding to the dollar. Do you walk naked into the woods into a u. S. Election with no dollars around your neck . Lets talk about the markets, the
Here are your top headlines from the bloomberg terminal. Confirmed coronavirus deaths top one million globally but some estimates are double that. Angela merkel warns about a christmas virus bike as the netherlands imposes a threeweek curfew on bars and restaurants. Stimulus still drives stocks. House democrats released a scaledback 2. 2 trillion proposal. President trump goes headtohead with joe biden tonight in the first u. S. President ial debate. Out free now, considering the purchase of daimler and bmws joint shares 3 . 3 into the close. Lets take a look at futures. We see green arrows, but only up. 1 or. 2 . U. S. Futures are doing better at this early hour, up one third of 1 . Regardless of where you look, the dow jones, s p, or nasdaq, contracts are rising. What do you see on the gmm . Anna a fascinating day yesterday in markets, with gains of more than 3 on some European Markets. As you have been through, futures looking more subdued, and that is the case in the asian session.
Infections rising not only in europe, but also in specific European Countries. Lets get to the markets. The focus is also another currencies. Eurodollar on the back of what we heard from Christine Lagarde. Investors toward u. S. Fiscal stimulus. The bloomberg first word news. Here in london with me is leighann gerrans. Is considering fresh sanctions on iran. They may target more than a dozen banks and label the entire finance industry offlimits. The move would effectively leave iran isolated from the global economy. A wrong has already been crushed by the loss of oil sales thanks to american restrictions. French president Emmanuel Macron says he has agreed to meet the Opposition Leader of belarus, as he looks to persuade his eu colleagues that he is serious about confronting russia. The eu is holding a summit later this week to discuss potential sanctions against moscow for not cooperating on belarus. Fears the u. K. Could be facing a longterm increase in the size of the state as well
Warning that millions of people in latin america could go hungry this year because of covert 90. Johnny cash must go with the sports including shut out of Major League Baseball now the Miami Marlins have an Upcoming Games because the team battles the crane Virus Outbreak. So that hes alone accused germany of not pulling its weight in the Nato Alliance and now President Trump is taking action hes ordered a major scaling down of the u. S. Military presence there nearly 12000. 00 troops a 3rd of those based in germany will be withdrawn around hoff will be sent to other bases in europe the rest will head back to the United States now the european command and special operations h. Q. Would also be moved from germany to belgium and the changes are expected to cost the u. S. Billions of dollars as anyone can see the repositioning of our forces in europe constitutes a major strategic and positive shift wholly in line with the n. D. S. And consistent with other adjustments to the United States
Major peers. Cofounder sewing softbank for reneging on a 3 billion deal. Shery take a look at how markets are trading at the moment. We are seeing upside for u. S. Futures, kind of flat right now, paring back some of those earlier gains that were already adding to the rally we saw late in the session in the u. S. But paring back some of those gains. Kiwi stocks gaining for a second session. Sydney futures higher by. 3 percent. As we head towards the rba Monetary Policy decision, not much change expected there although we are hearing from the treasurer that we could see a deep contraction this quarter. We are seeing crude gaining ground, extending gains above 21 a barrel as we see u. S. Build now slowing. The push to reopen state economies is clouding efforts to predict the official told from the coronavirus p he has ramped up his death production. Coronavirus. He has ramped up his death projections. Greg sullivan joins us now. President trump still pushing for the reopening of some sta