That really picked up after the good jobs number. That is the election uncertainty lets get back to election uncertainty. Joe biden has taken the lead in pennsylvania and georgia, remains ahead in nevada and georgia. We expect updates from all four today. For more, we are joined by Bloomberg Government congressional reporter emily wilkins, at the biden headquarters in wilmington, delaware. What is the latest . Emily the Biden Campaign has a tricky thing to do today. They have to continue to project confidence that biden is going to be the winner. That is what it is looking like right now. But what he also has to do is make sure that he doesnt get out there and declare victory. Biden has already said he cannot declare victory, trump cannot declare victory, but that they need to wait for the votes to be counted and for it to be called. Thank, indeed. Bloombergs thank you very much, indeed. Bloombergs emily wilkins. Lets bring in Josh Wingrove in washington. The Trump Campaign saying this
Distribute 300 million doses of the Coronavirus Vaccine in india. Says it is paired with an Indian Company to conduct phase three trials in india. A top Indian Health official calls the partnership a winwin for india and the world. In lebanon politicians have missed a deadline to form a new government. The deadline was set by Emmanuel Macron who has been pushing lebanon to an act urgently needed reforms. Lebanons struggling economy took another hit when an explosion killed nearly 200 people, injured thousands and caused losses worth billions of dollars. Global news 24 hours a day on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. I am Mark Crumpton, this is bloomberg. It is 1 00 in new york and 1 00 a. M. In hong kong. Welcome to bloomberg markets. Here are the top stories. It is fomc decision day. Unveiling a strategy on inflation. Today they have the opportunity to back up their plan with details as they look to accelerate
It is office highs, but still a. 5 . Not too Much Movement in the dollar index. Just a little weaker before the fomc today. He 10year yield lets get a deeper dive into the market action. Standing by we have k. D. Lang. Katie playing. Hase dollar weakness become a proxy for risk appetite. It is once again weakening signals it is not entirely a risk off day. We are seeing it in equities. Even if crude is office to touch. On the subject of the fed and yields, something the market is paying close attention to for that decision in about an hours commentary on yield curve control. There has been a dramatic steepening of the curve in recent weeks. We have seen some flattening coming in. We are sitting at 115 basis points, the steepest it has been in about three years. We will see if the fed does anything to change that narrative. It is tech that is outperforming at the moment. The s p 500 Information Technology sector is higher for the fourth day in a row, up 5 over that time period even thou
No surprise. That risk on rally. It felt like oil helped in some ways to turn the market around, too. You had a sloppy 10 year auction and reporting from bloomberg that said saudi arabia is hey,ng its buddies, saying we need some help. David the u. S. Will report jobless claims for the past week. At 1 00, the u. S. Treasury will auction 19 billion 19 million in 30 year bonds. Cbs and yelp will report quarterly earnings. We are joined by luke kawa and Michael Mckee taylor and Michael Mckee. Lets start with that china data. As you know, exports actually went up. Theiris another line on on the imports which shows they are negative, but better off than it had been. Michael the numbers are a bit of an anomaly because we did see in june president put additional tariffs on. Economists are expecting this to turn around because of the threat of new terror of new tariffs. Bloomberg had a very interesting story yesterday that said warehouses in the u. S. Would fall. Not chart where you put anythi
This is a rather strong economic report, but i dont think it moves markets much. The Unemployment Rate ticking down, rates beating expectations. The wage number beating expectations. I think the recovery is continuing. Until we see a look back at 2 in terms of that core inflation rate, the fed probably begins quantitative tightening, but wont raise shortterm rates this year. The one thing that we are not seeing that was commented on is Wage Inflation. Why are we not seeing Wage Inflation despite the fact that the economy is strong . We obviously would love to see Wage Inflation in the system. Wage inflation means we are putting more income into consumers pockets. When consumers have more income and we lower the tax rates on top of that, they will have more money to spend, driving more and more economic growth, so thats what we really want to see. Jonathan joining me around the table is michael collins, the head of global Interest Rate strategies at td securities, priya misra, and joini