The Central Bank Governors replaced overnight. The lira jumps. Monday, a certainly eventful weekend. Tom keene joining me to look at the next president. Im excited because your way out front on the turkish lira. Seeing with the path forward for the investor is. Biden,. All about joe tom the president elect tries to figure out how to change the dialogue on covid. And i cantry emphasize how perfect the weather is across such a nation. It obscures a massive increase in cases. Hospitalizations are not critical, i dont know if its the same tensioner feeling in london. Its different here because weve been in lockdown for five to six days. ,e saw a Record Number of cases the u. S. Numbers are actually staggering. 120,000 new cases last week. We look not only to the task force joe biden put in place will put in place, but the Market Reaction is muted, if not a little bit positive. The senate possibly being held by republicans meaning they will without thenefit extra taxes. Global equities rall
The market, its the same as yesterday, the markets churning with gold moving higher. But you are right, we have seen a bounceback to green on the screen after the navarro flap. Its clear, its a market in search of a story in the line, maybe we can find a story from philip. Francine we will talk about runaway inflation with him shortly. Lets get to first word news. President trump calmed that the phaseng one agreement is fully intact. Peter navarro said that aspect of the trade deals were over on fox news, and he said his comments were taken wildly out of context. Mike pence is warning that more young people around the country are testing positive for the coronavirus. Making their mark in a Conference Call with governors. Concerned byed Texas Governor greg abbott. The infectionat rate is rising. Boris latest stage in johns Boris Johnson announcing the latest age in lifting the coronavirus locked down. Movie theaters and museums may open the door after next month and he may also cut the
Weve had a pretty eventful 36 hours. The price of oil, we look at the mechanisms that led to that. We will look at markets. We had an interesting note on the pound. Brexit has taken a little bit of a back step with so much, the lockdown. Yesterday was the first day of talks resuming on brexit between e. U. U. K. And e. U. , the saying they will not extend the transition period. We begin this busy newsday with wti true crude again below 0 dollars a barrel, recovering from yesterdays wipeout which saw plunges in new york of up to 41 a barrel, the first time they have gone negative in history. The june Contract Trading above 20, spread reflecting growing concern over shortage of storage space. The u. S. Has information north Korean Leader kim jongun was in Critical Condition after surgery last week, according to an official. His current status is not known. The Trump Administration seeking more details. South korean Officials Say kim is conducting normal business. President donald trump s
And momentum builds, joe biden opens a commanding lead over Bernie Sanders in the race for the democratic president ial. Omination among the winds, the delegate rich michigan. Confidence is evaporating again with a noshow by trump who had no details on tax benefits to the end of the year. World markets are on tenterhooks. Bears are winning in australia. You are back in fair territory there. Roll it over, have a look at the s p 500 from limits down on monday to limit up on tuesday, prevarication and procrastination cost. There is a lack of cohesive policy response. Dollarian, money going back into the buyer haven. Up by 2 . They saved you will see shale literally fall apart. C and opecplus agreement, demand will recover. I call that optimism. To our top story coronavirus, the environment of Giuseppe Conte looking to increase fiscal stimulus for the fourth time in a month. Finance Ministry Officials are working out how to double the existing package. The number of infections in italy has
In the last 24 hours, combining virus dynamics with oil dynamics. That is a distinction of this crisis. Francine and i am looking two to european lets get to first word news in new york city with viviana hurtado. Viviana we begin with a uturn from President Trump on the need for an economic stimulus he now says he will seek a payroll tax cut and belief are Industries Hit i the new coronavirus. Today the president is promising to unveil what he calls very dramatic action to support the economy. Bloomberg has learned for now the package will not include help for airlines and others in the travel industry. Now to italy it will become the first country in the world to attempt a nationwide lockdown. It is trying to stop the spread of coronavirus in europe. Almost 500 people in italy have died from it. A prime ministry imposing a travel ban. He has told italians, stayathome. Some of the worlds biggest banks predicting the European Central bank will cut Interest Rates thursday. J. P. Morgan a