Speaker pelosi under huge pressure to jumpstart the stimulus talks. A lot of people saying that. Francine that will filter onto the markets. Lets get straight to bloomberg first word news. Ritika good morning. Republicans are pushing back against Donald Trumps refusal to commit to a peaceful transfer of power. Mitch mcconnell tweeted the process will be orderly, just as it has been every four. Years since 1792 also every four years since 1792. The senate also committed to a peaceful transfer of power. Democrats have started drafting a new stimulus proposal that could get past the house next week. Smaller than the package the house passed in may, it is still larger than Senate Republicans say they can expect. President trump said he will go as high as 1. 5 trillion. In the u. K. , rebel members of the conservative party are threatening to seize the parliament to block new coronavirus rules. At least 40 tories have put their name to an amendment wiping out the government majority on the
Sure, the data is torturing us. Its a simulcast, Bloomberg Radio, bloomberg division. Jon ferro preparing for arsenal liverpool monday. Jim paulsen here on the equity markets. Lisa is focused on 3 00 p. M. Monday afternoon. Jonathan i was just shocked about how kind you were being to me at the top of the hour. Lets get to the turnaround in this equity market. A bounce off the low. In europe, still down hard on the equity benchmark in front ridge, germany in frankfurt, germany. The banks in europe are down for a seventh straight session. It is a tough ride for the financials when the outlook to the economy is not looking good, and the outlook for Interest Rates is just low for a long even longer, given what we have seen in the last couple of weeks. Tom its got to be a major theme into q4. That goes to the energy here on new york wall street, and how banks and global wall street may be will right size into the slower economy. Lisa and how do you write size at this point, given the cuts t
And lisa abramowicz, im jonathan ferro. Is one of the worst charts in the world. With the Stoxx Bank Index hitting a record low, you wonder where that folds into the system. Jonathan theres a line i remember from the former ecb president mario draghi, when he turned around and said rates have to be lower and out to be higher in the future. It was 2014. They just went negative. They are still there. Will we generate an economic recovery on the continent that leads to higher Interest Rates . The answer right now is not any soon. Tom bring up that chart. It is really an elegant chart. This is the thing that we were talking about. It is the xaxis of all of this. Whether it is the european back malaise pushing back 12 years, even 14 years, it is the duration of these agonies we have to focus on. Jonathan weve just never recovered. This week, the equity benchmark , the daxurt, germany since then, we are down, we are down almost 6 . Tom how do you measure the mystery of what is going on and w
In august i approved a major disaster declaration for california. I approved, i think, gavin, about 40 stafford act declarations, so very quickly, because we want to get this thing taken care of including Fire Management assistance grants to help multiple states stop the fires. More than 28,000 firefighterrers and First Responders are combating the fires in california, oregon and washington. Over 230 soldiers are fighting the august complex fire, and thats the largest fire in california. Thats the biggest. Yep. And we want to thank all of the brave fighters. We want to thank these incredible people, the First Responders, Service Members who are racing to the extreme peril, really, to their lives and extreme danger. Lou and the president is now on his way to phoenix for a Campaign Round table with latino voters there. It will be his seventh state that the president has visited in as many days. And where is joe biden . Well, well find out later in the broadcast. And red storm rising, the
Fight the wildfires. In august i approved a major disaster declaration for california. I approved, i think, gavin, about 40 stafford act declarations, so very quickly, because we want to get this thing taken care of including Fire Management assistance grants to help multiple states stop the fires. More than 28,000 firefighterrers and First Responders are combating the fires in california, oregon and washington. Over 230 soldiers are fighting the august complex fire, and thats the largest fire in california. Thats the biggest. Yep. And we want to thank all of the brave fighters. We want to thank these incredible people, the First Responders, Service Members who are racing to the extreme peril, really, to their lives and extreme danger. Lou and the president is now on his way to phoenix for a Campaign Round table with latino voters there. It will be his seventh state that the president has visited in as many days. And where is joe biden . Well, well find out later in the broadcast. And