We welcome all of you to an onraordinary friday morning Bloomberg Radio and Bloomberg Television. It is jobs day. We will look at the state of this pandemic economy at 8 30. But we will also begin to see substantial count and returns from these key states of georgia and pennsylvania. Jonathan really tight races in places like georgia and nevada, tightening in arizona and pennsylvania. That is the focus for market participants. I would go one step further. Also a focus on the senate. A reporter a little while ago said it wouldnt be a blue wave, it would be a blue mist if we got a 5050 in the senate with a Biden White House. That would really change the story. Then youve got to reshape the narrative of the past couple of days that have been driving this market. Tom we will get to the data here as we move along. Futures, 38. The dollar a little bit weaker. Gold up 50 over the last number of days. Michael holland scheduled to be with us on the market. I am still trying to find an entry poi
Tom good morning, everyone. Bloomberg surveillance. And keep her being with us on Bloomberg Radio and bloomberg television. Thisan important our is an important hour. Will join us later, carmen and Vincent Reinhart. Morning,at we see this the only thing that matters. Dollar out to new weakness. Jonathan dxy taking out the lows of early september. That is the dollar index, heavily weighted towards this goal currency. The eurodollar nicely through 1. 19. Another monday with a cyclical tilt. Small caps outperform big tech, largely off of some positive vaccine news. Haddownside surprises weve in the Economic Data over the last week, we need to Pay Attention to that. Im excited to hear what david has to say about that. Tom lets frame that right now. I look at the 55year forwards. The answer is ive got disinflation in the united kingdom, a little bit of a rolling over of disinflation trend in the united states, and is some noland right now. Kind of the wrong upside surprise. That is the labo
Republicans want pennsylvanias mailin voting process declared illegal. One of the president s most loyal supporters says it is time for mr. Trump to move on. Stephen schwarzman says the outcome of the election is certain today, and he is ready to help president elect biden. Global news 24 hours a day, onair, and on bloomberg quicktake, powered by more than 2700 journalists and analysts in over 120 countries. Im Mark Crumpton. This is bloomberg. Vonnie it is 1 00 p. M. In new york, 6 00 p. M. In london, and 2 00 a. M. In hong kong. Im vonnie quinn. Welcome to bloomberg markets. Here are the top stories we are following on the bloomberg and from around the world. Astrazeneca and the university of oxford the latest to deliver positive vaccine developments. Shares are lower today as analyst question some of the findings, although there is an outperform on the stock. We will speak with Matthew Harrison about the study and environment. We are talking health care with larry robbins. His outlo
Good morning on Bloomberg Radio, good morning on bloomberg television. Too much to talk about. You hear it within those voices, that maybe it is the morning after, and the vaccine is really not out there. Now we get into a churn of the immediate news. Jonathan it is a tugofwar between the forward outlook looking better and the nearterm outlook looking worse. A real divergence between the two. How policymakers navigate the former will allow markets to keep the help about the latter. That is the hope for the market. First half of the week about cyclical appetite. 500 downhalf, the s p 0. 6 and nasdaq futures just about positive on the day. Tom we are going to roll the data check here through because it is a mess this morning. I just saw a 93 print on dollar. That speaks to the resiliency of dollar. Weve had a weaker dollar, but we just seem to come back when the uncertainty reigns. Lisa that seems to be the theme with all of the uncertainty on the dollar. When there is a risk off feel, p
To the week. We are now focusing back on the virus rather than the vaccine. The german tenyear, some very weak inflation data out of germany today, sending yields lower. The price is coming up higher as well. You are also likely to have a scarcity factor coming into play as well. Yesterday indicating that the ecb is going to be on the bed, buying bonds. Hes got to think about what is going to happen in the bunds story as well. When you look at what is happening with treasuries, greece now has at the front end of its curve a negative yield. Just well on that for a moment. Greece is now a negative yielding country, albeit at the front end of the curve. Nevertheless, an amazing turnaround in a relatively short time. Alix an amazing eight year difference that makes. I was just reflecting on the sovereign debt crisis yesterday, so that is an amazing stat. New virus cases may be easing in some parts of europe as virus hotspots could offer a glimmer of hope and some of the worst hit countries