That really picked up after the good jobs number. That is the election uncertainty lets get back to election uncertainty. Joe biden has taken the lead in pennsylvania and georgia, remains ahead in nevada and georgia. We expect updates from all four today. For more, we are joined by Bloomberg Government congressional reporter emily wilkins, at the biden headquarters in wilmington, delaware. What is the latest . Emily the Biden Campaign has a tricky thing to do today. They have to continue to project confidence that biden is going to be the winner. That is what it is looking like right now. But what he also has to do is make sure that he doesnt get out there and declare victory. Biden has already said he cannot declare victory, trump cannot declare victory, but that they need to wait for the votes to be counted and for it to be called. Thank, indeed. Bloombergs thank you very much, indeed. Bloombergs emily wilkins. Lets bring in Josh Wingrove in washington. The Trump Campaign saying this
Watching for wild swings right here 10 year yields 0. 7 and thats pretty stable compared to where we were two days ago i checked that, whats the problem with the markets but theres a lot going on breaking overnight, this should have been somewhat helpful you would think. Bank of england announced emergency cut. Lowering the bank rate by 50 basis points to. 25 englands central bank also announced a new funding plan to support small and Medium Sized Companies as well as new steps to help commercial banks lend more well get a live report from london in just a couple of moments. Now an update onthe coronavirus. In the u. S. , confirmed cases have now topped 1,000. Want to get to meg now who joins us with the latest meg. Good morning, andrew, case counts drived to 119,000 overnight with almost 4,300 deaths among the hardest hit countries, italy, iran, and south korea and they tell dramatically different stories. Italy reported highest daily jump in deaths yesterday to more than 600 of more
World, from vienna to london, frankfurt to washington come our bloomberg roses are on the ground with all the top stories. In vienna, opec is said to reduce its target as a rock promises to comply. Joining me for more is bloombergs annmarie hordern. But do we know so far . Annmarie good morning. What we know is theyve agreed at the opec allies meeting today to cut by the hundred thousand barrels a day, but the devil is in the details. Brent and wti are both lower. This cut is basically cosmetic. We are still waiting for more details because it just brings the figures on paper to what theyve been producing throughout the year. Some members, including saudi arabia, have been cutting well below their target. That was the message from ben salman thisfrom bin morning, and his first meeting is energy minister. He said further compliance is needed. Everyone in the room knew he was talking about, even though he didnt name and shame. The message was simple. Stop cheating. Alix indeed. Thank you
Thats how i feel about this incredibly strong year and the uber bullish reaction, dow gaining another 56 points, s p up and nasdaq. Theres just not enough supply, stock to meet the demand from buyers who had to radically switch orientation to deal with a much more positive backdrop. And thats been very good for the averages and your portfolio. Whenever anybody talks about stock shortage, automatically greet them with a little skepticism there are always bankers ready to pump out stock to meet demand but its not a wholesale shortage of stocks but stocks that fit the program meaning belonging to companies that are high domestic taxpayers and got a big boost to their earnings recent performance of amazon not doing well versus walmart, on fire two largest retailers out there. Walmart, effective tax rate of 32 , soon to be cut to 21 consistently buying back stock for he years amazon has higher but dont pay much in taxes because dont have much in earnings, spending to win and aggressive issu
Headline this morning. Breaking news in the investigation of the german wings crash. The french prosecutor speaking right now saying the descent of that airplane could only have been voluntary. The planes commander was locked out of the cockpit. He can be heard trying to break down the door to get back in. The Prosecutor Says the copilot was breathing right up to the point of impact. Investigators do not know why the copilot did not respond. Neither pilot has been identified by name. The airbus almost this new graded on impact. The flight data recorder was damaged. The airbus almost decent integrated on disintegrated on impact. Bombing shiite military installations the rebels control major cities and forced him as president to flee. Forced yemens president to flee. The attacks are infuriating iran. Military action from outside yemen against territorial integrity and against the many people will have no result but bloodshed and slaughter of the people. As we have seen, a lot of people w