Meetings. It . Ael can you believe he will miss the ecb meeting. I am hearing a lot of interesting comments, saying that the ecb has to do something, but if they do something that just pushes up valuations, and maybe it is a bubble. The market can decide if its a good move for bad. Francine he really needs to make sure the markets understand how he can maximize qe, and its unclear at the moment. We will have more shortly, but first, lets get straight to the first word news with taylor riggs. Taylor the president , mario draghi, may have no choice but to extend his bond buying plan. He held a press conference he will hold a press conference. Most economists surveyed by bloomberg predict the ecb will have to extend quantitative easing. Hillary clinton and donald trump made backtoback appearances at a form of military last night. It was sponsored by nbc news and a veterans group. It was held on an Aircraft Carrier in new york. Clinton was asked about her plan to defeat the islamic state.
The bidders. Disney is said to be working with an advisor on a potential bid or twitter according to people familiar with it. Disney has 5 billion in cash. Heard paul sweeney talking about the strength of its balance sheet. , as we, salesforce. Com have been talking about, in potential bidding for the company as well. Twitter has been lower today, downgraded by oppenheimer, asking questions about the price that twitter could fetch in a deal. Seeing shares move higher at the moment. Disney, on the flip side, is moving lower. Seeing shares movea little legr on the session with the broader markets, down 1. 6 . We will bring you much more on these headlines in this potential deal. In the meantime, we are seeing a sellout today, stocks hovering around the lows of the session. We had a selloff in european banks that spread to the u. S. We also have concerns about Global Growth persisting. Generally a risk off by us to the markets today. We are seeing the biggest twoday loss in the s p in mor
Leading the way lower. S p financial stocks, they were at a two week low. Real leumi day and we had some ecodata that was bumpy and did not help to provide anything. Joe it was ugly overseas and asiapacific was down. Just once again, risk off, not that dramatic but not that great. Oliver it is a smooth ride up and once you get to 2100, things start to get shaky. A couple of sectors i think are interesting today you have the strength relative to the rest of the market these are three of the groups that help keep the market afloat year to date. Thefact that we still have s p losing on a day, that has only happened twice. Bondon the government side, we saw them going out on their lows of the day. 1. 77. Year yield at one thing i want to draw your attention to is the turkish lira. You can see it getting obliterated. The dollar strengthening, clinicalmashed on turmoil in turkey as the president and Prime Minister are at odds with each other. A good moment for emerging markets with the turki
Cyclical names, caterpillar, honeywell. We will dive into that. The 10 year yield is moving, 394 at 4 00 or 5 00 a. M. This morning. The 10 year yield at 4. 07. A lot of move intraday for the treasury market. Down five basis points from yesterdays session. Its not just the bond market. Across the atlantic the ecb is hiking 75 basis points. Its not enough to give a boost to the eurodollar. That is down below parity. Weakness there and strength in the dollar to that end. Strength of the dollar is not weighing on brent crude. Oil is rallying hard, 1. 2 , trading around 96 to the barrel. When it comes to the economy, are we growing given the technical recession is in the Rearview Mirror . Joining us to talk about it is the Bloomberg Economic and policy correspondent michael mckee. Talk to us about the gdp data we got. Michael it is a good news bad news story. The good news is for the first time this year we saw gross in the u. S. Economy with the Third Quarter expanding 2. 6 in the u. S. A
And with some children returning to school in the next few weeks, can the uk learn lessons from denmark about how to socially distance pupils . Hello, and welcome to audiences in the uk and around the world. Were covering all the latest coronavirus developments here in britain and globally. The uk chancellor, rishi sunak, says the country is facing what he calls a significant recession. It follows new official figures on the performance of the economy since the coronavirus pandemic. According to the office for national statistics, the uk the economy shrank by 2 in the first three months of this year. And remember that only includes the beginning of the lockdown. The bank of england has already forecast an even worse performance once figures that cover the whole lockdown are published later this year. Heres our economics editor, faisal islam. At Denroy Plastics in bangor, northern ireland, theyre happy to help the National Effort on personal protective equipment, but what they really wa