Ofodollar getting a bit traction. The dollar is going down. This is part and parcel of the yellen trade, which seems to be getting reaction now. It will be interesting to see how she works handinhand with the fed chair. Minutes,e last few crude went through 45. This is wti. We are backing off the little bit, but that line in the sand is the highest level we have seen since march 6, which gives you an idea of the turnaround we are seeing. The big question, is it running too far, too fast . Alix some analysts starting to scratch their heads a little bit, particularly as they look at the curve. President elect joe biden said to announce his selection of former fed chair janet yellen as secretary of the treasury. Joining us as michael mckee, Bloomberg International policy and economic correspondent. What about this appointment is giving confidence to the markets specifically . Theael janet yellen ticks most important box for investors, she makes them money. Take a look at what happened whe
Iran and russia are attempting to interfere with the president ial election. They say theres no hacking involved. There are 12 days left until the vote. Spain is the first nation in western europe with one million virus cases. Rome considers implementing a nightly curfew. It comes as u. S. Hospitalizations reach a two month high. German cases jump to a new daily record of more than 12,000. The pound surges the most in six months as the u. K. And European Union resume talks over post trex it trade deal a week after Boris Johnson threatens to walk away. Negotiators arrive in london today. Anna lets get to some breaking news. Corporate reporting. Lets talk about some numbers from unilever. Third quarter underlying sales up by 4. 4 . Increase of 1. 8 . That looks to be better than in then has been anticipated. An estimate of an increase of over one. On pricing, things are weaker. The pricing comes in below estimates. Topline takeaway, sales have been beaten estimates. They are talking abou
1000 miles apart. Donald trump and joe biden fight for air in competing town halls. Americans had to the polls and 18 days. Boris johnson said to decide whether to ditch brexit trade talks. And daimler gets in gear. The carmaker reports a 3 billion 3 billion euro profit as cost cuts filter through. Just under an hour away from the start of cash trading. Car sales european out. They gained 1. 1 for the first nine months. Sales, upropean car for the first three quarters of the year. 1. 1 . Lets take a look at what is going on. European car registration, clearly 20 20 has been a tough year. One a look at what is going we have ftseutures filler cheers futures up 0. 8 . Tax futures gaining about 0. 5 . Futures the picture is more mixed. Showing a lot less sized. Futures are. Ractionally down futures flat. We have been more negative. Asian equity markets look seen looking mixed. Are we in a consolidation phase for setting ourselves up for some selling . You have the election coming. That is
But negotiations remain far apart and vander layen believes they are close both sides are severely hit by the pandemic. We should do Everything Possible to find and agreement that is possible so that we do not increase the negative impact on our economies. Lvmh shares move lower. Tiffanys arguments as unfounded for the case of ditching the 16. 6 billi 16. 6 billion take over deal a warm welcome. Lets kick off the show with a look at the markets. Rallying more than 2 breaking a twoday losing streak. Dax in particular was very strong leading gains rallying 3. 2 ftse 100 lagging a little bit. We are seeing a little retreat this morning the dax is down as well lets dive in to the sectors to see the best and worst u littlitiutilities are the onln the green. Lets look at the worst per forping sectors. Yesterday it was worth mentioning you had the banks leading down sharply to the down side banks down 1. 4 . Autos down 1. 3 some of those reopening stocks taking most of the hit this morning. U
That is highly unusual. There is an effort to do the facetime, but lets not kid ourselves, they are far, far apart. I cant convey that for everyone in america, the clock is ticking for july 28. Francine rent needs to be paid and fees. Lets get to the bluebird first word news in new york city with ritika gupta. The bloomberg first word news in new york city with ritika gupta. Ritika Senate Majority leader Mitch Mcconnell unveiled the republican proposal, House Speaker nancy pelosi called it pathetic are capped she says she will try to fight , and she says she will try to fight. The hardest hit u. S. States after Health Officials posed unpopular members like closing bars and requiring masks. Texas had its lowest total in two weeks. Now states wonder whether they can keep infection rates down until a vaccine arrives. China is buying american imports, but not enough to hit returns of the two nation trade deal, according to bloomberg calculations based on chinese come sims Chinese Customs A