France threatens to get out of the rescue plan altogether. 11,000 jobs slashed, the german giant fights for survival. Welcome to the program. Looking at the futures, reflecting the way the european and u. S. Equity markets closed yesterday. Futures down in europe, mixed in the u. S. , reflecting what we saw yesterday were the u. S. Wobbled into the close at the end of the session. New york schools closing seems to be the factor. Breaking news, some commentary from astrazeneca in connection phasehase two, not the three news we have been waiting for. That is expected to come within weeks. This is more detail on the phase two data. They are confirming the vaccines immune response in older adults, that is crucial considering who is most vulnerable to the virus. The lancet is publishing the findings. A lot of stuff we have heard already from phase three trials more advanced than this from other drug companies. It has not been peerreviewed or in journals. We are getting the phase two study,
Bloomberg radio, bloomberg television. Earlier this morning, mr. Macron in his military, earlier london at whitehall, the british military, prince charles, i believe, in attendance there, and jon, you have to wonder who shows up with President Trump today on veterans day in america that is a mystery. Jonathan we mark veterans day in the United Kingdom as remembrance day, the 11th day on the 11th month. We will see the president today, and that is important. Whether we hear from the president , two different things, and we would like to hear from the president to see where he stands on the contested election. It has been building up, particularly over the last couple of days. Tom were going to go to market right now. , one, lisaexplain abramowicz is not with us today, an important day off for her come up in the catskills trying to find the proper word for the fourth thursday of november. Dow futures up. Look at the vix, under 24. Jonathan this market is balled up. Jp morgan calling it m
Today toe all of you extorting there news flow. An to an extraordinary news flow. An election in five days. Markets, there they are, and reversal. You see it in the futures of the s p 500. Jonathan we are down five on the s p 500, 0. 2 . The bounce in europe was never convincing, and the bounce in the United States has not held up. Eurodollar clinging to a 1. 17 handle. The ecb is getting what it once for all the wrong reasons. A weaker euro for a fourth straight session off the back of more restrictions in germany and france in the past day. A 1. 16 handle, that will be symbolic. Of course, distracted by the death in nice. Lisa abramowicz, what was so clear yesterday was that the bond market did not move, and that it did. Lisa to me, this is the story of the week. Weve got very hardcore risk off in response to very real threats of a widening pandemic. Treasuries are not the hedge they used to be. Yields rose yesterday, which is exactly the opposite of what they traditionally do when s
Top banks in frankfurt. A Brexit Debate almost. There is huge symbolism. When you line up the five banks above j. P. Morgan in germany, they clearly have a european heritage and they are the lone american bank. Francine we will have plenty more on that. Others will follow suit. Lets get to first word news in new york city with ritika gupta. Prime minister Boris Johnson is warning difficult months to come for the u. K. In an address to the nation, he , theled to britons tightening of rules coming with higher enforcement and tightening said we do not need this stuff and we should leave people to take their own risks, i say these risks are not our own. Tragic reality of having covid mild cough can be someone elses death knell. Andka republican senator trump critic mitt romney says he supports moving forward with a confirmation vote, all the crushing democrat hopes for stalling and nominee until inauguration day. President trump plans to announce his pick on saturday. The u. S. Pound to ke
John, a little lift in bonds. Offer those ecb headlines largely expected. Jonathan a left in equity futures as well. Not sure it is related to that decision. 3 . Ive about maybe the success rate later will be defined by one currency pair, eurodollar right now at session highs. Tom euro strength getting up near the 120 level. We have lots to talk about, we welcome all of you worldwide, across this nation with a number of themes, particularly in the markets. We are going to get to equities and derivatives in a moment. On the nasdaq, weve got to go into this. The response on twitter yesterday was on fire. The premier league. Theyve all done well as the mlb struggles towards a bubble. The interest is, Team Surveillance is riveted by the opening of the premier league season. Waythan she is making her on her decision on who her team is. Lisa, are you getting enough suggestions . Are you happy with what you are deciding . Lisa i getting a lot of suggestions. I am leaning toward a team. I am t