Evacuate now, now, now, you should have already been evacuated. Thats not hyperbole, its a matter of life and death. President biden urging floridians in the path of Hurricane Milton to take seriously Evacuation Orders from local officials. It comes as the storm is gaining strength in the gulf, expected to make landfall in the next 24 hours. We have the very latest on the Hurricanes Track. And a live report from florida straight ahead. Also ahead, a New Book by longtime Journalist Bob Woodward is putting Donald Trumps relationship with Vladimir Putin back into the spotlight. Were going into the staggering new revelations. Good morning, welcome to Morning Joe. Its wednesday, October 9th along with willie and me, we have Jonathan Lemire, Eddie Glaude Jr. And President Emeritus of the council on foreign relations, richard haass. Hes author of the weekly Newsletter Home and away available on substack. We have a lot to talk to, richard, especially on the revelations of Covid Tests sent to V
Make a deal between President Putin and President Zelenskyy quite quickly. What does that look like . What does that i dont want to tell you what that looks like. Okay, thats one way of answering the question. I dont want to tell you what thats like. Donald trump remaining coy when asked what a deal between Russia And Ukraine would look like. Were going to show you more of what the former president had to say ahead of a Meeting Today with the Ukrainian President , who appeared alongside Vice President Kamala Harris Yesterday at the White House. Wasnt that kind of like nixons Secret Plan . Secret plan to end the vietnam war, yes. Oh, there are a lot of polls. Every morning, theres new polls. I didnt see them today. The Bloomberg Polls. Key, new polls from the key Swing States that crossed overnight. [ laughter ] we will show you how, once again, the New York times Siena Poll is a dramatic outlier. That is what happens when you have voodoo, witchcraft. Welcome to Morning Joe. It is frida
That really has been down to currencies. The dollar index is up at the moment, but if you look at it over 24 hours, actually, its down by. 3 ,. 4 percent. One of the main beneficiaries of crown weakness has been strength. Sterling has been propelled about 1. 5 in the last day or thereabouts. The dollar weakness has been felt with the yen also moving to the upside. Theres another reason we are seeing upside on equities in japan. Gold not a major beneficiary, though it was at oneweek highs at one stage after the dollar was sagging earlier on. Thats a look at markets. Lets head over to tom. Tom lets get you up to speed with some of the other first word headlines. The Trump Administration is ramping up tensions with china once again, designating six asnland Media Outlets foreign which it says are controlled by beijing. They include the economic daily, which provides a look at beijing economic news. The Administration Says all six are substantially owned or by atively controlled foreign gov
2. 3 trillion gauntlet against the economic catastrophe caused by the pandemic it was remarkable move coming within seconds of the devastating news that 6. 6 million more people filed for Unemployment Insurance last week the averages were actually able to rally including the down and out stocks dow gaining 286 points s p climbing 1. 54 nasdaq advancing 7. 7 . Without powells extraordinary i was blown away extraordinary announcement, the hideous jobless claims would have pancaked the stock market. Weve gone from the strongest labor market in a half century to one of the weakest in no time flat it didnt matter to wall street because the fed is buying all kinds of distressed debt you dont see i keep saying its so important. Buying municipals. Some of those are hurting. Buy high yield Corporate Bonds thats fabulous news because those were two big pressure points in this rapidly deteriorating economy. What a difference from the old days between the 2. 2 trillion rescue package from congress
Good spirits. This hour brings earnings for samsung. A crucial report amid the virus disruption will show how the chip industry is weathering the global storm. Shery lets start you with breaking news out of south korea. We are getting become your current account balance. Right now, the surplus coming in at 6. 41 billion. Also for the goods trade surplus ining in at 6. 58 billion february. Both numbers are a significant rebound from the plunge that we saw in january when it hit the lowest level in seven years. Exports have been stabilizing after that hit from global trade spats and the double chip industries downturn. For the month of february, we are seeing an update and a rebound with a current account surplus at 6. 4 billion. The goods surplus at 6. 6 billion in february but of course we are headed to seymour economic fallout from the coronavirus outlet, so we will keep an eye on those trade figures out of south korea. For now, lets get you a quick check on markets. He restocks at th