The former boss of volkswagen appears in court. After being found to have raked Emissions Tests. Dozens of Hotel Workers in the us are on strike as the demand better pay and conditions. And working from home, why are London Employees lacking behind other global cities in the number of days worked back in the office . Hello and welcome to business today. The former boss of volkswagen has appeared in Court Today charged with fraud, Market Manipulation and forgery, nine years after the manipulating official emissions checks, manipulation that manipulating official emissions checks, manipulation and Market Manipulation and forgery, nine years after the Car Maker was found to have Car Maker was found to have raked Emissions Tests. He was raked Emissions Tests. He was the Chief Executive of the the Chief Executive of the german company back in 2015 german company back in 2015 when it was engulfed in a when it was engulfed in a scandal that sent shock Waves Scandal that sent Shock Waves throu
Thrilled you are with us on Bloomberg Radio and bloomberg television. It was not the surprise of moderna on the ratios. It was the surprise of how well they are able to get the vaccine out. That lifts markets up. Is a correlated left pop it is a correlated lift. Jonathan maybe the message is dont bet against human ingenuity. Keep the faith and the science. Last week it was pfizer. This morning, moderna. The efficacy rate, 94. 5 . It is where the rally is that gets peoples attention. It is not the big cap tech. The story that rolls up his smallcap america, and the International Value story as well. That is the great debate of this very moment, the shortterm problems, the issues across america, and the longterm hope that we get that texting. Tom lisa, what do we see we get in the vaccine. Tom lisa, what do we see in fixed income . We are not at the full faith and credit of november 9, but what do we see in ig and highyield, as we see yield up, price down . Lisa yield up with full facing
A bit this morning. Jonathan we were told it is all about the past two fiscal stimulus. Would it be smooth . Would it be downhill . Would it be quick . Right now that path looks rocky, with storms only arise in, yet still this equity market gets bid. Now startsarrative with chris harvey of wells fargo, and others are saying it. Not my view. It is the view other people share. You may not get the tax hikes. Tom some of these states 7000 apart. Some 20,000 apart. Michigan just dribbling in here. Moments ago, that gap closes 227,000 in michigan. Many people on the bot inside people on the bidens had wondering. Lisa lets give you the hard mass. We are talking about where the votes are coming in and where things are close. To 270 this is the path electoral votes. With 238 joe biden with 238, President Trump with 217. Pennsylvania, of course, we are not going to know for a very long time. These are the big swing states, there are more paths to get to 270 electoral votes. President trump, stil
To,h mcconnell doesnt want nancy pelosi and Steve Mnuchin do. They dont see much closer. I think theres a political question underpinning the market, are people secondguessing their dismissal of a contested election. Interferencee raised yesterday, possibly increasing the chances of a messy elections these in election season. Jonathan may become im just not going to get excited on an 11 point move on the s p 500. Lisa we could try. Jonathan heres what we look like on my heels coming down a basis point. 118, we have replaced this weakness with Dollar Strength in much of g10. Johnhe news overnight, ratcliffe saying that iran and russia are meddling in the United States election. Heres the u. S. Director of national intelligence. That some confirmed Voter Registration information has been obtained by iran, and separately by russia. This data could be used by foreign actors to attempt to communicate false information to register voters. Jonathan John Ratcliffe on attempts on iran and russi
Madrid could announce a state of emergency today. A golden reopening. Beijing is back to work efforts week long holiday. Chinese equities and the yuan outperform. Very good morning to you. 6 00 a. M. In the city of london. Happy friday. Its one week since we learned the president of the United States tested positive for covid19. D. C. Politics is messy. We will talk about that a little bit later. We are 25 days away from the u. S. Election. Some optimism that we have had a bit of shift on stimulus in the white house. Nancy pelosi, Steven Mnuchin, are talking again, but many skeptical we will see support. The hope of that is moving markets this morning. S p 500 futures to the upside this morning alongside euro futures as well. Chinese equities outperforming. We are up more than 2 this morning, 1 00 p. M. In beijing. China is back to work after golden week. Its back with some good optimistic measures when you look at the equities space. The bloomberg dollar index lower against all of g10