Down almost 3 at one point. Jack ma said to surge up the wealth table after a mega dual ipo. Expecting to raise almost 35 billion in hong kong and shanghai viewed Sheldon Adelson rolls the dice in las vegas. He is said to be extorting the sale of his flagship casino which cost more than 6 billion. Shery lets get started with a quick check of the markets right now. We are seeing u. S. Futures opening pretty flat after we saw u. S. Stocks falling the most in the month and the regular session. The s p 500 down 1. 9 . It was the biggest drop since early september. We have the ongoing fiscal stimulus impasse, now on its third month. We also have surging coronavirus cases. Boeing falling on chinas plans to sanction the company over sales to taiwan. We have the u. S. Approving another potential 2. 4 billion of antiship missile fuel to taiwan. The vix closing above 30 for the first time in almost two months. We saw strength in the u. S. Dollar. Take a look at oil prices. Wti rebounding a littl
Welcome to bloomberg surveillance. Happy monday. I am Francine Lacqua here in london. Toin, a very busy week, on the u. S. Election and about 16 days. Looking at futures, the hope is that we will get stimulus, and i am looking at treasuries. The pound already up after reports that officials were prepared to water down controversial brexit legislation and a move that could revive failing talks with the European Union. Also, the yuan seann gains. Now lets get to the bloomberg first word news in london with leighann gerrans. Hi, leighann. Leighann good morning, francine. Nancy pelosi says a preelection is possible, but she has set a tuesday deadline for making more headway with the white house. President trump is confident he can persuade the republicans to back a good deal, renewing his offer to go beyond the dollar amount that is now on the table. Now china has passed a new law to restrict sensitive exports to protect national security. It provides a framework for beijing to fight back
Directer ray gina haspel on the hook. They may be the first to go after the election. Hear what i asked house chief of staff and how mark meadows answered the question. Decline at start of trading. Dow industrialing down 273 points. Nasdaq down 100 rand s p lower by 33. This all 3 majors, this after 3 major indices posted losses last week over stimulus cases and rise in covid cases. As you can see market town this morning. Plan nor arizona and discussion over fracking, all coming up. Special day, join us from 8 00 a. M. Hour where we will go with fox friends on Sister Network and i will preview my books which will be heading bookstores tomorrow. Hope you will join us. Dont miss a moment of it. Mornings with maria is live right now. Maria your intent markets this morning are lower, take a look, italy and france among the countries imposing new lockdown orders over surge of coronavirus cases. Cac quarante down 32 and dax index in germany lower by 282 points, better than 2 lower right no.
Small businesses. The airlines in dire situation. United and american saying they have to cut jobs, tens of thousands of them, as borders remain pretty much locked down. Yvonne you are seeing the president trying to do at least some damage control after he talked to negotiators to pull out of talks for a stimulus. Perhaps we are seeing some targeted measures. You have seen the market impact. The nasdaq and futures reversing the losses we were gaining. U. S. Futures are up. We will see if this bodes well for the rest of asia. If you look at the rest of the asia region, it looks like risk assets are looking less entire than the wall street session. We are seeing a bid for aussie against the japanese currency. When it comes to u. S. 10 year yield, we are holding steady, but the move up in yields on the announcement from trump. Stocks have been lower. Jakarta life coming back online. We are heading lower in jakarta. Hangseng up about 163 points. A touch higher for some markets. The rbi is
Targeted aid maybe, perhaps as much as 25 million for airlines we have details on that. Later, a democraticled house panel calling for a crackdown and breakup of the countrys biggest tech companies. The chair of the antitrust subcommittee will join us later this hour as power lunch starts right now tyler, thanks welcome to power lunch. Im kelly evans. Were digging through the fed minutes just released. In the meantime, take a look at whats leading the rally its consumer and consumer discretionaries. The house panel is going after big tech its a mixed bag but apple and amazon both up more than 2 . With markets rocketing back after the late day drop we saw yesterday, stimulus back on the table. Bob pisani has more on what were seeing here. In fact, were at the highs for the day. Were on light volume again. The volume tends to be lighter on up days than down days recently thats a sign the pain trade is to the downside. Sectors tends to be the cyclical names here banks, industrials, materi