Afternoon towards t close. That will be your best guide to what is happening. We are approaching the point in europe and we are up by 1. 73 . The pound is actually catching a little bit as well. Earlier on it was turning around a little bit. Now abide. 2 . Now up by. 2 . Normality has resumed. Yields are a little higher and prices a little lower as we start to maybe get a little bit of a better news when it comes to the story. We are watching what is coming out of the u. K. We are now getting news from astrazeneca saying the covid19 trials, the vaccine trial may resume next week. This has been reported by the financial times. Alix we are watching that as well. Blackrock,from marilyn watson. It has been quite a week for investors in any asset class. You had a tech selloff in the u. S. , rising cases in europe. Looking to the ecb on thursday. Our bond markets pricing in the correct things . Markets aret bond pricing in our the fact you have supportibly ands weolicy from the ecb and need
Target like i mentioned is up big on the numbers, but Abigail Doolittle joins us now. Give us the highlights. Abigail investors are excited about this stock having its best day. Expected, 24 than. 3 versus 8. 3 . The outlook is strong as you were mentioning. A lot of strength for target and it seems like folks are really stocking up through the pandemic. And they are also doing it from an online perspective. Helping lows as well, lowes a good, and they put out quarter as consumers were improving their homes. Up 35 versus the estimate of 21 of the stock being rewarded. Even with lowes bigticket items up 135 . Down seven point 5 , and it seems like the treasure craze fading out of luck. Investors are not positive on the idea that the Current Quarter could be difficult and they are bringing down supplies for halloween. There we have targets numbers. 11 , but digital is unbelievable up nearly 200 as americans are shopping from home. Brian cornell is encouraged by the online and encouraged
Toolbox, but there are no plans to use them. Since the decision, we did see the market pare back a little bit, pricing around negative rates. Bailey also saying the bank of england forecast has an unusually large downside skew. The reaction, the pound suggests the market took the boe forecast as pretty robust. 1. 3172. Dailey also says it is hard to draw a conclusion from the bank of vacant forecast and we must be careful not to over interpret faster indicators. Hes speaking in a briefing to journalists right now, saying the boe could use like forward guidance, negative rates of the toolbox. Tom it looks like it is moving the market with lower Interest Rates seen across the u. S. Sterling on a tear, 1. 31 69. Look for our conversation with the governor of the bank of england. Francine lacqua and the governor, 8 00 a. M. New york time, 1 00 p. M. In london. She has some very in pointed she has a very pointed questions from our economics team. From news in new york said he, ritika gupta.
Report, and the jobs data tomorrow. Without a doubt, to of the greatest mysteries we have seen since february. We cant emphasize enough the imports of this claims data. Jonathan we really hope we see an improvement after things went the other way last week. Later tomorrow, we get the payrolls report. Unpredictable. That is the word you would here again and again. Tom lisa, i am going to go back to your bond work for years. Theres a point always where you switch from yield dynamics and analysis to a price study, and it really is beginning to feel to me right now that all the media and the experts in the pundits are beginning to look at price, not yield of bonds. Lisa i think you underscored one of the most important questions in the bond market this week when you asked, is it the real economy driving yields solo or is it the Federal Reserve . I think that is a key question Going Forward as we see the recovery stall out. Can yields go lower not because of the fed promising to buy bonds,
Major hiccups. We now move on to the main event, tomorrows e. U. Council meeting. Is, in theory, that should benefit the btp market. We will see what happens there. I think it is going to be interesting to see what comes through tomorrow. That could upset the apple cart in a significant way. Over the next hour, we are going to be speaking to the e. U. Commissioner for justice as we see a key e. U. Court decision regarding Data Transfer across the atlantic. Is he talking to the United States . What are they telling him . That is going to be an interesting question, to say the least. Today we see bank of america wrapping up the earlyseason for wall street. Shares and Morgan Stanley are higher on revit death record profit. This is driving a 73 jump in total trading. Bloomberg the bank is well prepared to handle this crisis. What we designed was a business that in times of stress will be fine and when markets are volatile we would still perform well across the Investment Banking franchise.