Stepping down after arguments over strategy, the bank prepares its search for his successor. Morning, under one hour until the start of cash equity trading. Equity markets under pressure. The futures picture shows relief. Ftse futures up 0. 4 . U. S. Futures point to the upside, up 0. 8 . Global stocks up 12 in november, the biggest monthly gain on record. Lets not forget that will me think about the losses yesterday and the rally he will maybe see today. Greens what we see now, a picture and it comes to the asian stock markets. Data from to take asia whether chinese or korean on the factory side. Be taking aems to turn for the better. In china a decade high for chinese manufacturing. Up on thed enthusiasm, and commodities in focus. Oil prices moving to the downside for a third day. No deal yet on opec and opecplus, and their plans for january. That will be a focus on thursday. Lets get a first word news of eight. Laura president elect joe biden has chosen janet yellen as his treasury
The next four years and what it can reasonably be expected to achieve. Number what, largely, to be a steward of the nations recovery. Having to reconcile with an agenda that formally biden cant begin to implement it until january 2020. That leaves time for the Trump Administration to steer the agenda to our they favor. Covid cases are trending higher. There are signs that Economic Growth is showing some strain. When we talk about what good potential he talk about, Mitch Mcconnell is on board for some fiscal stimulus. Jay powell out there also making comments about what could potentially be done. Carolinerobably why sort of stormed off the set. Ratio, a lot of people in washington, look where the budget deficit is. I know you are a closet mmter, joe. Explain to me how you get a major fiscal stimulus done. Joe you just vote for it. Politicalm is constraints. There is a lot of agreement, we need more stimulus, various programs that were enacted at the start of the pandemic, we have a spen
Last month was a huge bounce in this number, up by 24. 7 . The perimeter is that much greater. Coming introng number on the Manufacturing Index as well. At 21. Through alix a really strong number. The big news of the day in the u. S. , it jay powell and Steven Mnuchin will speak before the House Financial Services committee. Powell will stick to his call for more fiscal aid. It comes against the backdrop of a darkening prospect for continuing stimulus. The latest news is mitt romney says he will back a vote on trumps pick this year. Joining us now is Emily Wilkins. Does this make stimulus more or less likely. It feels like the pendulum shifted towards the republicans with the Supreme Court nominee. Emily this makes the stimulus funding less likely to come before the election. Both sides werent making a lot of progress anyway. For monthsighting over the amount of funding. Both Speaker Pelosi and Senate Majority leader Mitch Mcconnell are really not budging. It senate is going to pit of
It is phenomenal. We have the latest out of the United Kingdom right now. They are battening down the hatches because a resurgence in cases has them closing pubs earlier urging people to for the better part of valor quit congregating in large groups. Good luck on that. Meantime were looking at a spending bill that could be in disarray. Could be the fault of the whole Supreme Court. It was in the president s favor but, because of differences that some democrats have put up, to make it a more harder fight than that. Chad pergram, hey chad. This is not a fivealarm fire until funding the government, they still have the end of the month to do that but there is concern. I was told the house of representatives was scheduled to vote on the interim spending bill might pull back on that. They are negotiating with some members and treasury secretary Steve Mnuchin is testifying today, indicating he is negotiating with the speakers office. You have moderate democrats, a freshman democrat on iowa co
Support. Welcome to bloomberg surveillance, im Francine Lacqua in london. Lots going on on the markets. Lets get straight to what the european stocks are doing. Down 0. 5 . Stocks are falling with u. S. Futures, as well. Oil dropping below 40 a barrel. Economicl says the rebound likely needs more support and that leaves a lot of questions about what Central Banks could or could not do. To have ans good idea of what is going on with the german economy, the german Business Confidence index aligned with expectations. Get straight to the bloomberg first word news in london. Leighann gerrans. Good morning. Protests in louisville, kentucky. One officer is undergoing surgery and a suspect is in custody. The latest violence was sparked by a grand jury decision not to file murder charges against Police Officers involved in the Fatal Shooting a Breonna Taylor. One officer faces a lesser charge of wanton endangerment for firing into neighboring apartments. Itsu. K. Is considering first vaccine st