Imf, and underlying all of this is what we are seeing in the markets. Tom the markets repricing with a handle on sterling and stephen king will join us here in a bit. But i agree, the topics in the hallways will shift. Taylor lets go to the bloomberg first word news. It was the Vice President ial candidates turn in the spotlight. Tim kaine fended off last night. At one point, the two sparred over reports that trump may have not pay federal taxes. When Hillary Clinton said he hasnt been paying taxes, he said was smart. So it is smart not to pay for veterans, the military and teachers . And those of us who do pay, i guess we are stupid . He faced tough times 20 years ago. His tact time showed that he went through a difficult time but he used the tax code the way it was supposed to be used and he did it really only. 48 say mike pence won the debate. 42 say tim kaine won. Hurricane matthew may threaten the coast of florida. At least 11 people have been killed and countless homes have been
Im Francine Lacqua in london. To our u. S. Viewers, happy thanksgiving. We still have a very packed show. In currencies, the dollar extending gains at its highest level in more than a decade as the stronger case for a fed rate hike ways on bonds, gold, and emergingmarket assets. U. S. Markets are closed for thanksgiving. We will keep you uptodate with the other market moves. The ecb has published its Financial Stability review. It goes through a little bit of what weve seen on the markets. They are looking at stability, saying the euro area banks have significant vulnerability. Ecb also saying there are sovereign debt concerns and they may return on Political Uncertainty. The ecb mentioning political instability and policy changes as increasing risk. They look at the things surveillance has also looked at. Monte dei paschi is meeting in siena. For more on the banks, we speak to the ecb Vice President , vitor constancio, in just over an hour. A meeting is underway at monte dei paschi. W
This is the markets we are looking at in terms of global equities. This is a second straight day of rallying, s p 500, futures advancing, crude oils advancing to levels we saw back in october. Jumping,s dollar also and the nations bond following after the nationsbank released minutes of the latest meeting. Lets get straight to the bloomberg first word with nejra cehic. Nejra thanks. Broadbased a weakening of inflation pressures was behind this months surprise Interest Rate cut. The australian Central Banks first reduction in a year came after cpi fell on the First Quarter for the First Time Since 2008, even as the Growth Outlook remains steady. Still, the aussie dollar jumped, as they said the deal wasnt viewed as a slamdunk, reducing the likelihood of a followup move in june. George soros has cut his funds in u. S. Stocks by more than 1 3 in the First Quarter and bought a 264 million stake in the worlds biggest bully and producer. Hes warned of risk stemming from chinas debt fueled ec
Meeting much more important. I know were going to do that in a minute. Basically, the journal article suggests that what Carl Weinberg will has talked about maybe finally happened. We will talk about that. Francine we have been reporting this for a couple of weeks. Its something i addressed. They have been asking for some time and debt relief. They have done this veiled threat that if they dont get that relief, they may not participate. News. Get to the the u. S. Is backing libyas request to find islamic state. John kerry is in vienna where he met with russias foreign minister as well is the bromance from other countries. They ruled out the use of u. S. Troops. The majority of britons want to remain in the european union. 55 of those surveyed what the u. K. To stay. Thats up slightly. 40 want to leave. The referendum is june 23. In france, the french president will try to head off strikes. Last week, demonstrators in paris announced the plan that he forced to the lower house of parliam
Takeover. You will get a good idea of on the session. The latest on the debate and a third time unlucky as msci snubs hina shares. Clinton leaving trump in the latest bloomberg poll. Lets begin with the fed. Theres zero perfect unlike liehood of a fed increase today. Lets go to carl. He is chief bloomberg economist. What are we expecting this afternoon . If we can mix british politics and fed policy together, we can invoke the quotation from margaret thatcher, the lady is not returning. It will apply to Janet Yellens approach in the press Conference Today as well. Shes going to play a cool hand. She wont specifically cite him but it could come up in the press conference, particularly during the q a. The fed is very much aware of international risks and how this is playing into their policy strategy. However, i would say more important is the much more important is the domestic outlook. So she will not be returning because shes going to be somewhat dismissive of the wobble in the labor