That is the shoes, right . The shoe extension . Francine i dont know if you can hear it, but it is a neighbors. It wont last very long. Hammeringtle bit of there. We welcome all of you here, to the realities of the pandemic. The pandemic is front and center, but there is a lot of other news. I would note pacific rim currencies continue strong. Francine they certainly do, and there is quite a lot going on also in pound talks, so lets not forget brexit and the u. K. E. U. Relationship. Les get to first word news with ritika gupta. Ritika the Trump Campaign is abandoning demands that almost 700,000 is withdrawing a key part of its lawsuit against the Election Results in pennsylvania. It is abandoning demands that almost 700,000 mailin ballots be thrown out because observers were kept too far away from the count. The challenge is now against a far smaller number of ballots, almost certainly just a fraction of bidens lead in the state. Joe biden is Meeting National security experts, but his
Bloomberg surveillance. We welcome all of you. Markets on the move. Price upcoming yields down. With that away important claims number. Jonathan just a sense of risk aversion. Everything you expect playing out. Ive said it before, i will say it again. For most people come of the gdp numbers are for the economic historians. The payroll claims, the jobless claims are for the traders. Intothe high data folds the ugly gdp report. What do you see within your reading of the linkage of the American Economy into your bond market . Lisa that is what i am struggling with right now. I was looking at the yields, the rate that these companies are charged to borrow money. The yield is almost near a record low at about 0. 5 away. What is the message from that . Economically, how do you connect that to anything going on with the jobless claims, other than just what the fed is doing to stimulate growth . Tom jon ferro, answer the question. How can you have a default dynamic that we have right now . We
This nation and worldwide, and on Bloomberg Television as well. Thrilled you are wishes for a good conversation forward to this important statement by jay powell, an update on how the fed can help america. The backdrop this morning is wonderful. Markets up. What is so important is you need to be advised. Robert miller will join us of blackrock any moment, and we are thrilled to bring you Raghuram Rajan at the bottom of the hour for a must listen interview. Jon ferro, against everything i is yesterdayters reaffirmed just in the last 60 minutes this up, up, up for the stock market. Jonathan with a defensive tilt to it. Aroundfutures up by 0. 8 . I didnt think we would see a day like we saw in the last 24 hours, where you could have a down market and still see the likes of apple, amazon and facebook up about 3 . That is the regime we are in. They are the defensive names in 2020. Apple with tom rumors, speculation of product announcements through this year, and one of those signals of corp
What companies to watch . The roundtable looks a little different this week in order to be safe. We are staying away from each other but we are all here. Joining me from afar ben levisohn, carleton english, and jack hough. We are running out of negative superlatives to describe was going on the market right now. Set aside the human toll which is hard to fathom, walking through manhattan and seeing all the store closed. Markets alone, s p 500 closed down 17 on the week even worse than last weeks horrible performance. What you look at question work. We are just try to find a bottom here. Look like we mightve had when earlier this week but did not hold. Gerry 2350 was whatever but is watching. Smack that was not too far below that but we are now seeing what is the next level down . Wheres the marketing to try to find support . There are some things out there that are slightly optimistic. For one, its been hitting highs in most every day vicks is a measure of volatility in the market. Its
What companies to watch . The roundtable looks a little different this week in order to be safe. We are staying away from each other but we are all here. Joining me from afar ben levisohn, carleton english, and jack hough. We are running out of negative superlatives to describe was going on the market right now. Set aside the human toll which is hard to fathom, walking through manhattan and seeing all the store closed. Markets alone, s p 500 closed down 17 on the week even worse than last weeks horrible performance. What you look at question work. We are just try to find a bottom here. Look like we mightve had when earlier this week but did not hold. Gerry 2350 was whatever but is watching. Smack that was not too far below that but we are now seeing what is the next level down . Wheres the marketing to try to find support . There are some things out there that are slightly optimistic. For one, its been hitting highs in most every day vicks is a measure of volatility in the market. Its