Absolutely extraordinary. I know lisa is going to touch on this. Can we all focus a moment on 800,000 in claims at 8 30 . What is still involved in our politics and our markets is a labor economy that is, to be polite, fragile. Jonathan secretary mnuchin throwing some cold water over that. We need to talk about the new restrictions across the continent in europe. The economic recovery in europe was already fragile, already stalling. These restrictions will make that worse. Tom ive so glad you bring this up. You and i have been going back and forth on this since you got up at 9 00 a. M. London time. What i really want to focus on is the federal solution and application in europe versus the statebystate solution in america. Is that accurate . Jonathan youve also got the local issues in the United Kingdom that have really brought london into the equation. The north of the country was facing much tougher restrictions , looking down to london and asking, what about them . The answer is lond
22 days to go until the election. Trump trails joe biden in a national poll. Yuan rally hit the pause. A weakerlowed with than expected fixing. It is just gone 6 00 a. M. Really filled with a lot of fingerpointing as mark cudmore points out. No one really expect money from a major new package before the u. S. Election, but they are betting on a monster injection. That puts our focus on the rising coronavirus cases europe is battling, and attention will shift to london. We will hear about restrictions from Boris Johnson. Lets take a look at how. Monday lets see how monday morning is shaping up. Equities, the csi 300 outperforming. Up to. 5 . There is a lot of optimism ahead of president xi jinpings address this week. That is expected to announce reforms to the upside. Trade,. S. Equities of the bond markets will be closed for columbus day. Lets take a look at what is going on across asset. When you look at the currency space, it is about the yuan. A higher dollar weaker yuan. This comes
Tom for the International Audience and for you, i will just say that the nation stopped to see this. There is no other way to put it. Obviously a Vice President ial debate, Kevin Cirilli is on top of that. But far more, we will find the path of this virus with the president. He says he is maybe not immune. Rumor has it he is not immune, he does have the virus. So we will see on that. But far more, we will see the polling after the debate, and then the polling after this illness, and that will be fascinating. That is a great unknown. Francine and that will of course play out into how the market perceives the election on november 3. Less than 30 days away. Lets get to first word news with ritika gupta. Ritika President Trump is released from the hospital where he was treated for coronavirus, leaving Unanswered Questions about his condition. The white house doctor says the president may not be entirely out of the woods yet. He said further care would be provided over the next few days. Pl
From the bloomberg terminal. Tipping point Boris Johnson is set to tighten u. K. Restrictions after a spike in virus cases. Italys government also considers stricter lockdown rules. Britains other headache the Prime Minister tells angela remains significant gaps in brexit trade talks. A crucial eu summit takes place. Hursday, and stimulus President Trump and House Speaker nancy pelosi blame each other for a lack of progress on a second package. Larry kudlow says he expects more negotiations this week. We are just under an hour away from the start of cash equity trading throughout europe, and in the u. K. , lets look at futures, indicating a positive open this morning across europe. We have euro stocks futures up 6 . 75 utures in frankfurt up and ftse futures kind of trailing behind, but still a gain of. 6 . Stocxx up. 6 . Gmm . Do you see on the anna i will get to that, but we have some breaking out from london. Iag says sean doyle will become ba, part of iag. This is interesting, give
Particular group of industries and people that are directly exposed to the pandemic. Who come ofople their old jobs may struggle to come back them because people will take their time in going back to certain activities that involve a lot of direct contact with other people. I think the right thing to do and the smart thing to do for the long run is to continue to support those people as they return to their old jobs or find new jobs in different sectors of the economy. Great. When you spoke to us in 2018, the fed was just at the beginning of reevaluating their framework. That younce learned are particularly keen on some of the estimates that you showed of how the phillips curve and inflation trends had flattened over the last decades. Those realizations helped inform the feds decision to engage in the average inflation targeting model. In the spirit of careful what you wish for, should we actually see some of those trends start that itt, do you worry may actually be difficult to turn s