Australian government is slowing down. It is flat in the session. The jci and jakarta composite index just started off its trading day. Dollar index moving to the upside. Sterling is flat at the moment after gains. Those gains coming about after we got brexit talks being extended to the end of october. That is adding some optimism that may be a deal could be done after one of the chief eu sides comingid see close together at the end of last week. Crude oil and gold moving to the downside as we have limbo in regards to the fiscal package or stimulus package out of capitol hill. Lets have a look at what is going on in terms of the first word news as we get over to new york and join Karina Mitchell. Karina global coronavirus numbers continue to make headlines with the u. S. Reporting record infections for the second day in a row. The white house saying the administration is not going to control the crisis. the news comes as Vice President mike pences chief of staff tests positive. Withe h
Dead. And what is he doing . Nothing. The coronavirus features prominently as donald trump and joe biden fight for airtime, 18 days away from the election. Global stocks struggled for direction as europe goes into reverse with increased restrictions. German hits records as they plan for a tough winter. And walk or talk . Boris johnson will decide today if he will abandon brexit negotiations. It comes as eu leaders refuse to give a clear signal on prospects of a new deal. Good friday morning, everyone. The focus is on the fragile recovery on thin ice as europe deals with rising infections across the region. They are reporting the highest number of new cases since the outbreak peak in the spring. France is reporting new infections. London will move into the highest threat level, which bans the mixing of households indoors. On the other side of the break planning, while fiscal stimulus is elusive, midwest states are seeing a rise in cases. And the world bank chief Economist Says it didnt
Iran and russia are attempting to interfere with the president ial election. They say theres no hacking involved. There are 12 days left until the vote. Spain is the first nation in western europe with one million virus cases. Rome considers implementing a nightly curfew. It comes as u. S. Hospitalizations reach a two month high. German cases jump to a new daily record of more than 12,000. The pound surges the most in six months as the u. K. And European Union resume talks over post trex it trade deal a week after Boris Johnson threatens to walk away. Negotiators arrive in london today. Anna lets get to some breaking news. Corporate reporting. Lets talk about some numbers from unilever. Third quarter underlying sales up by 4. 4 . Increase of 1. 8 . That looks to be better than in then has been anticipated. An estimate of an increase of over one. On pricing, things are weaker. The pricing comes in below estimates. Topline takeaway, sales have been beaten estimates. They are talking abou
Uch more going on in this hour, chair yellen will join us. I will ask about the speculation of her taking a position within the biden administration. Yes, we will talk about Climate Change and the Nobel Laureates process. I want to go to the equity markets right now, and ben laidler talking about a multiple. Is this morning the beginning of a melt up . Jonathan not for me to call that. The habit talk around the happy talk around more stimulus, maybe. This market just wants to go higher. Market participants find a narrative to tell us why is going higher. Three months ago, a blue wave was bearish. Three months forward, a blue wave potentially is now bullish. I think that is this i think that is just the mood of market because of its right now. Tom what is so important then is to see the china gdp statistic today. 4. X percent is 4. X percent. Jonathan we have been talking about the Global Economy as one complete entity. There is so much divergence right now. The chinese economy is reall
Earnings which will include some hightech bellwether names later in the week. We have apple shares, they lost their opening pop despite top apple analysts saying first day iphone 12 preorders surpassed last years numbers for the iphone 11. That bodes well for the mini and pro max, who Iphone Models that have not taken preorders and ship four weeks from today a couple more big q4 products, the xbox series x and the Sony Playstation 5 will hit shelves verizon and at t this week morelikely with 5g comments Texas Instruments and intel all reporting. Mike santoli joins us now with more well get more of a Critical Mass of earnings hitting the tape the question is is the street going to be more impressed this week than last week in the opening rounds we had an 81 beat rate by the companies that reported last week yet the average stock move buzz down more than 1. 5 in the one day after those results. It suggests perhaps that a lot of investors would think a big beat rate was in the bag for thi