Worse preventative measures. Has been the hardest hit of the region iran has been the hardest hit in the region. A postbrexit trade agreement were abruptly disrupted today when one European Union official involved in the talks tested positive for the coronavirus. Michelleief negotiator barnier said he would suspend talks with u. K. For a short period. The two sides are trying to reach an agreement by next week to allow time for a deal to be ratified before the end of the year. 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. Transition to the white house. Members of the president elects team are set to be contacting staff of the congressional app
Ofodollar getting a bit traction. The dollar is going down. This is part and parcel of the yellen trade, which seems to be getting reaction now. It will be interesting to see how she works handinhand with the fed chair. Minutes,e last few crude went through 45. This is wti. We are backing off the little bit, but that line in the sand is the highest level we have seen since march 6, which gives you an idea of the turnaround we are seeing. The big question, is it running too far, too fast . Alix some analysts starting to scratch their heads a little bit, particularly as they look at the curve. President elect joe biden said to announce his selection of former fed chair janet yellen as secretary of the treasury. Joining us as michael mckee, Bloomberg International policy and economic correspondent. What about this appointment is giving confidence to the markets specifically . Theael janet yellen ticks most important box for investors, she makes them money. Take a look at what happened whe
Political institutions and a commitment to the traditions of democracy. But on the other hand, it saddled us with some obsolete 18thCentury Institutions. Foremost among them is the Electoral College. Back when they set up the Electoral College, the gap populous andeast most populous state, you had a 51 ratio. Today it is well over 601. The Electoral College is biased against the most populous states and biased in favor of the smaller states because no state, no matter what its population, gets less than three Electoral College votes because votes are determined by the number of congressional representatives plus the two senators. So the small states have just one member of congress, but they also have two senators. That is three Electoral College votes. It distorts our political system. Now, why the Electoral College . Why did the framers set this up . Like anything else, there are multiple reasons. The framers loved the common people, but they did not love them all that much. They bel
Down 1. 6 yesterday, off of session lows. The dow industrials down 650 650 points, that was 2 and a quarter percent lower at 4 00 on wall street. Investors rattled over no progress on stimulus and a rise in covid cases. Its a big day for earnings, dow components merck, 3m. Caterpillar all reporting quarterly numbers this morning. We will get a snapshot of the airlines when jetblue reports and a look at big pharma when pfizer reports. The road to the white house, we hit the one week to go mark, americans are headed th to the polls in seven short days. President trump and joe biden begin the final push before election day. Stimulus negotiations losing momentum, time is running out for lawmakers to make a deal before november 3rd. House Speaker Nancy Pelosi says she remains opt my particular over talks optimistic over talks. Congressman tom reed told me yesterday if we dont have a deal by election day, we may not have one until february. Todays the day, my new book, the cost, trump, china
This is the opportunity to get some clarity about the candidates and where they stand clear whoring one holding this form in person however with the senate so in session Susan Collins cannot attend in person we were told sarah would not appear in person is senator collins did not so we are having a virtual gathering. The candidates tonight in alphabetical order Susan Collins, sarah gideon and max went and lisa savage. Will be posing questions to the candidates each have one minute to answer each candidate will have an opportunity to ask a question of another candidate with the same time limit and each will have a time limit for a closing statement and senator collins i will begin with you so to block consideration of expensive pandemic when he falls and rest confirmation of a Supreme Court nominee and things you have disagreed with the Washington Post to white house not to strike a deal with pelosi before the election with the planned confirmation of judge. Next me to the Supreme Court