Worn surging numbers may undermine a Global Recovery. Plus, we discussed prospects for the u. S. And the wider picture with the atlanta fed president , who joins us this hour. Haidi lets look at the sydney staggered open, the friday session muted compared to the street we have had in asian stocks, asiapacific stocks seeing 13 consecutive days of gains broken by the thursday session, the longest winning streak since 1988 coming to an end. A flat stock a flat start in sydney, kiwi stocks up, muted start in japan spite heavy inflows of foreign buying. We are seeing a further downside when it comes to trading in the futures session. Getting secretary mnuchin speaking at the moment. He is speaking in an interview with Bloomberg News, saying financial conditions are quite strong, that companies that are need grants,covid not that. We heard secretary mnuchin earlier asking the fed to return unused coronavirus money. We will get you more as we get those comments. This is coming at a time when
Low. G20 leaders call for equitable access to Covid Vaccines and commit to supporting the economy with host saudi arabia handling the stimulus measures taken by governments so far we injected over 11 trillion into the Global Economy to support businesses and protect individuals livelihoods this is an unprecedented g20 economic stimulus. And president elect joe biden prepares to name his cabinet picks tomorrow with nbc learning veteran diplomat Anthony Blinken is the frontrunner for secretary of state. Well, good morning, everybody and welcome to street signs. We have some big news for this monday morning yet another breakthrough when it comes to vaccines. Its been the third monday in a row that we get some big news on that front and today the results from astrazeneca and oxford yet again proved to be positive showing efficacy rate of up to 90 thats giving a boost to market sentiment. Theres a lot of green on the board. Yet some more positive data coming out on the vaccination space and
Biden said to nominate former fed chair it chair janet yellen as treasury secretary plus, another round of positive news for a possible covid vaccine. As we head to the end of the year, i dont even know if the market hates uncertainty anymore. Terrible is such a cliche. Life is nothing but constant uncertainty. 2020 one of the worst years of our life, one of the best years for the market. Caroline people still kind of one a haven. Joe obviously, stocks continue to do well generally. Betsen see some reflation emerging in the market. Look at the 10 year yield. It is just not going anywhere. Earlier inome point the summer. Higher a few weeks ago. With all kind of things breaking treasuryrtainty, a chief, the desire to hold safe haven assets. Aroline maybe we will get closure in the gap. Escape sloshing around. But this fallout between the fed and treasury made us question that relationship and also any sort of deal being broken in terms of fiscal policy for that is why in the white line,
Ultimatum, saying surrender or a military assault will begin on your capital. U. S. President elect, joe biden, announcing some major cabinet nominees for the top diplomatic post, secretary of state, he has picked antony blinken, who is deputy secretary of state under president obama. He also has a French Connection he went to high school in paris and speaks the language fluently. Another notable nominee, former secretary of state, john kerry, has been chosen to lead the effort to combat climate change. For more on how biden is filling out his National Security and Foreign Policy teams, lets bring in our washington correspondent. Tell us more about the pix biden made today. Reporter there are two words at describe these six pix. One is diversity and the second is expertise. Diversity because there are, as a first in these cabinet picks, if these people are confirmed, starting with errol haynes, who will become the first woman director of National Intelligence if she is to be confirmed.
Frequent the scene in 1959, we will get reaction to this with comedian radio show host joe piscopo, it was a final showdown but were there any knockout punches this round, we will break down the debate including maura bidens call to end the oil industry, all that and so much more on making money. Charles when i think about the week for the market, i think the word tough sledding is probably appropriate every day we have a early strength to move to the upside and evaporate into choppiness and theres a lot of reasons including its not unusual in the middle of Earnings Seasons for markets to gyrate as they hash out the winners and losers in the new added the stimulus saga which seems to be of a natural headliner than traders, the real election of covid19 cases and the legitimate concern, it still may not completely explain the whole. That we are in right now, this is mine thrilled to have our next guest, to help us hash out what might be eating at the market, it equity strategist and seni