Anna absolutely. Trade commissioner phil hogan forced to resign because he attended a golf event which had normal times would not be that controversial, but these are not normal times. It is being investigated as to whether it broke the covid rules in ireland. As a result, he was under pressure and had to defend himself. Commissionropean needs to find a new person to fill that very busy trade brief. But this sets a very interesting precedent. Will we see other commissioners held to that . Tom lets do an unseemly data check. I will focus quickly to get to hurricane laura. Futures negative eight and we watch the real yield which is 1. 06. It is a huge deal as we go to the powell speech. Anna . Anna my data check has European Equity markets waiting for the powells beach powell speech. We heard from rollsroyce a little bit earlier on and they reported a huge loss. This is the maker of aircraft engines. In the stock is down 7. 8 in london right now. They get paid by the hour for flying thes
We will bring you that as well as remarks from some of those mr. Biden had to beat to get the nomination, including former mayor Pete Buttigieg. He will speak in just a few minutes from now. We welcome Bloomberg White house reporter mario. Give us a sense of what joe biden has to do tonight and what he wants to do. What is a win for him tonight . Mario obviously in his 50 year career in washington this is the biggest moment of his political career. This is the biggest speech he will be delivering tonight. His Campaign Said earlier that he will lay out is positive vision for the country and reaffirm his core belief that he can unite this divided nation. So anything that would hit that note would be a win for joe biden. David who is he speaking to . He is speaking to all of us but who is the target audience. If there is one person he wants to reach tonight and maybe change their mind, or at least get them enthusiastic, who is it . Mario he wants to get the voter back that donald trump in
Tuscany. Off, somewhere outside toledo. So Francine Lacqua joins us. That is not toledo, spain. Outside toledo, ohio somewhere. I want to get to the data in a moment, with markets moving. Futures 21. I would say this has really this is really jump circuit by the french pmi numbers. Why was this a surprise . Francine i was reading the breakdown. The sharp slowdown is basically driven by services. It shows that the escape from recession wont be flailing like some economists thought. Guess it is partly seasonal i would also point to the fact that infections are rising quite significantly, especially in france, germany, and other countries. Leaders are saying they dont want to go back into lockdown, especially when you look at these pretty terrible numbers in terms of many factoring pmi, but also services pmi. It might also be difficult not to preimpose measures if the number of people getting infected does rise. So it will be a complicated quarter going into the winter months. Tom a massi
Fight . Sen. Boxer this is Donald Trumps america. I do not think you need a special playbook. You just have to look out the window and think about what weve gone through the last four years, the chaos, the fact that we are no longer a leader in the world, our allies have abandoned us and tyrants love trump. We get hit with a pandemic and the first thing trump says is it will disappear. We have 15 cases, it is going down to one, i will never forget that day. I know we are talking about business and i honestly think he thought if he admitted what he had been told by people like dr. Fauci, the stock market would go down. If you are the leader of the free world, you have to focus on the challenges. What did he do . He passed it off to the different governors, said go forward, hardly giving them any money, and we are suffering. People are dying. People are scared. Be withk i happened to my children and my grandchildren. My husband and i said we cannot stand it. Everybody got tested, nobody
We had a very, very strong economy, and then we were hit with the virus that knocked everything. He reacted quickly. He closed the border from china. Then he closed the border of those coming in from europe. And he went right to work setting up the task force to study the virus. This virus was perplexing. No one knew what to do at first. We did close the country. We shut things down because we tried to get a handle on it and didnt want to overwhelm our medical systems. And once we got that under control and started to change the curve on the virus, the president realized and he knew that the economy would be killed if we didnt start to reopen. So he worked the scientists to get regulations or suggestions to the governors on both sides of the aisle on how to open up and get the economy back on track. You are seeing that working. With the past three months we have created almost 9 million jobs. We came out of a great recession. By comparison, it took four years to create 9 million jobs i