Look at the really disinflationary dampening you are seeing in the bond market. I dont want to make a big deal about it, but yield gives way to lower yield. Im looking at fiveyear, fiveyear breakevens, and there is a little bit of an ebb, an increase in the disinflationary tendency. That claimsort number at 8 30. Francine a really important one, and we have some great interviews coming up from the Bloomberg New Economy Forum focusing on health today. A conversation also with bill gates. Lets get to first word news in new york city with ritika gupta. Ritika joe biden warns that the delay in starting the president ial transition could set bet the effort to distribute the coronavirus vaccine. Could setback the effort to disturb the coronavirus fencing. Trump thent Trump Administration is being urged to begin working with biden. Wisconsin Election Officials have ordered a partial vote recount that was requested by the top by the trump campaign. There will be recount in two heavily democrat
All 50s, 55 degrees to 59 degrees. Temperatures are on the high side. They are below average. A ton of record highs were said on the stand 2006. Data send airport. You are rocking and rolling. And lynn, forecast denies today, lets get over to sell. 580, anywhere else . All right, we have traffic that is getting there. It is not stop and go. We have more cowers than we did an hour ago. No issues here, if youre driving on interstate 880. Right now, the earlier issues that we had have been cleared up. It is 6 01 am. Lets get back to the headlines. The city Council Called for additional cuts to the police department. Alyssa harrington is joined now to talk about the vote that would have got millions from the force. Good morning. Good morning, it is libby shaft the cast the vote. She voted no on the cuts. She said that response times during the emergency many residents demand cuts, there are nationwide calls following the in custody death of george floyd and minneapolis. 100 speakers report
Crude down, and participating in that risk on rally as well. Time now for global exchange, where we bring you todays market was a news from around the world. From hong kong to brussels, jahans burke and washington, our bloomberg voices are on the ground with this mornings top stories. , the death toll is now over 3000. Joining me is yvonne man. Heard of newst infections in south korea, iran, and spain. Germany, as well, and additional 188 cases. This virus has spread in 13 countries and 16 federal states. At this point, the threat level is at moderate, but could quickly change. Deathstioned the global now topping 3100. Theres also the corporate fallout we continue to watch, with nissan now saying they could be preparing for deeper cuts. The carmaker has been struggling ever since Carlos Ghosns arrest. This virus only exacerbates the troubles. There are signs of life returning back to normal in china. Just heard from han hi from honhai, apples biggest supplier. They have been dealing wi
Leading economic indicator. David the big question is what can be done about the slower pace. We will come back to you and talk about that. First we want to go to david powell in london because we have German Service numbers not encouraging. David p. there was a downward revision to the servicing pmi for the month of september on top of an initial decline we already knew about. Evidence of a slow down in the Manufacturing Sector is spreading to the Services Sector , affecting the entire economy. David how much of this is trade , and if so what can Angela Merkel do about it, if anything . David p. germany is more exposed than any country in the world to international trade. It has one of the Worlds Largest trade surpluses. It is affected by the trade wars. The blow to confidence that is having not only on trade itself but on investment plans. Fortunately, germany also has another record. That is for fiscal responsibility, fiscal rectitude, and there is a lot of room for germany to spend
Oversees the the greatest crime spree and market manipulation spree ever in the history of the world hes a racketeer hes basically the john gotti of manipulation and he should be in jail and and punished severely for everything that they said they a lot of banks pay constant fines that was just a fine this week paid my 91 1000000. 00 by the 4 x. Market riggers so rigging is part of the economy and thats part of the Financial Markets so without broad there would be no stock market is that you cant seize a fish in a fish bowl yes so surrounded by for you can see the fraud bitcoin will get rid of jay clayton and the f. C. C. Thank god because theyre horrible and yeah you know they melt up in the stock market is well underway and to say that stocks are some people are bearish on stocks this is new speak from 1904 you cant have people are bearish on stocks while there its hitting new all time highs and trading adjusted for stock buybacks its never traded at a higher price earnings multiple