To work our way through. Let me start with the Michigan Consumer sentiment index. Headline number coming through at 76 point nine, broadly in line with expectations of 77. Current conditions at 87, i had of expectations. At 75. Tions youve got the difficult situation i think the consumer has got to figure out. Do i worry about the here and now and worry about the impact the virus is going to have over the next weeks and months, or do i think about what the vaccine is ultimately going to deliver . Like the markets, i think the consumer is probably having to balance those factors out. Kailey i want to point out housing data as well. The Housing Market has been particularly strong. That does continue. A pace of 909,000, versus the estimate of 975,000. We are getting october personal spending data, and for more on that as Bloomberg International economics and policy correspondent Michael Mckee to break it all down for us. Michael michael it is may the most important number of a lot of numb
Electoral joe bidens win is confirmed by the electoral college, but he hints he may never concede. Good morning, everyone. Welcome to bloomberg surveillance. I am Francine Lacqua here in london. It is the day after an american holiday, which saw a lot of markets closed. Cash equities open in the u. S. Because of thanksgiving. This is what i am looking at overall in the markets. Quite a lot of movement is on the portuguese 10year yield. Markets are speculating when it could go into negative territory. Today, the overall mood is a bit of caution out there. Investors, secondary valuations following a rise in equities this month but also enduring pandemic and parts of europe, oil retreating, with rising tensions within opecplus members. We will have plenty of more on that throughout the show. The stock market has a rotation into cyclical and value, by the promising vaccine, or could we see farther moves . For more on this, lets get straight to our dani burger with a look at the markets. Hi
Today as republicans look to fast track her nomination before the election day and in the gulf, clean up from hurricane delta continues this morning as nearly half a million residents still remain without power and technology under fire yet again this time from across the atlantic its monday october 20t12, 2020 youre watching Worldwide Exchange here on cnbc. Sh good monday morning kicking off this morning with a hearty congratulations to the Los Angeles Lakers you can see them there jumping around they won their 17th nba title beating the miami heat in game six last night 10693 lebron james helping lift the lakers over the top with a triple double himself while Anthony Davis logged a doubledouble of his own you can see the dow jones implied higher by 16 points and the nasdaq up by 134 Big Technology in focus yet again. And with fridays 160 point advance the dow is now positive for the First Time Since september 22nd you can compare that with the s p 500, the dow transportation stocks a
The funds reinstate the evictions to prevent even bigger housing crisis . Mr. Speaker. The senate is grappling back into session and we continue to watch for ministers just need time at cspan. Org. Now live to the senate floor here on cspan2. Mr. Lankford mr. President. I have three requests for committees to meet during todays session of the senate. They have the approval of the majority and minority leaders. The presiding officer duly noted. Mr. Lankford mr. President , we are once again in a conversation about freedom of religion and the free exercise of religion and what that means. There is simply i would argue that it means the ability to have any faith, to have no faith at all, change your faith, and to be able to live it out. The ability to have a faith as a part of who we are. Its our most precious possession within us. Its not that. If its something less than that, the free exercise of religion has limitations on it, then its simply the freedom to worship or to have a name fa
Powell makes his strongest plea for greater spending. Stocks selloff into the close, and treasury yields slide. Christine lagarde warns of a cliff effect if fiscal aid is ended too soon. France downgrades fourthquarter growth expectations to 0 . On nightlife. Down the german capital joins paris, madrid and london setting a curfew for businesses amid a resurgence in coronavirus cases across europe. Lets look at german industrial output figures. Speaking of the economic engine of europe, august industrial output falling 0. 2 month over month, that is worse than the estimates for a 1. 5 percent gain. In terms of an industrial output, things do not look good. News lets get breaking here in london. Numbers coming through from various corporates including tesco. Up by 7. 2 , the estimate was 7. 3 . They werenting appointing a new cfo, who will join the board. I think we knew the previous incumbent was going to leave the business, and this new cfo interesting to see if they give any comment o