Investors trying to decide what is going on. That is showing a little but of haven assets. Bonds not doing much. With the kind of volatility we have seen, you would think there would be a big bid. Today there is a small bit, and we also have the dollar, which is seen as a haven. If the fed is successful with their framework shipped from august, which they will want to try to create is a strong dollar signaling and improving or a Strong Economy instead of hitting into risk assets. Today is a pretty solid day for stocks overall, but the week is more difficult. David september looks like in equities maybe we gave back some of the froth we created in august but we are always looking for longterm trends. You and i talked about how about high yield. Is that giving any signal . They do seem to be moving . Abigail highyield today not doing too much, but as you are just mentioning, and i love you are talking about the erasing of the froth in august, and then september right back down. Highyield
Grounds. Nikei down. 4 . The japanese yen hold steady against the u. S. Dollar. Industrial production beating estimates. The asx 200 down 1. 5 as the aussie dollar continues to strengthen against the u. S. Dollar. Quarter end demand from iwiorters as well, and k stocks reversing yesterdays losses. Holding steady after falling for the lowest level in a week. Steady ahead of the first u. S. Debate. Continues to lose ground after a touched the lowest level in almost two weeks. We are seeing the offshore yuan holding steady. We might see some china bashing in that debate. That is it from daybreak asia. Coveragemarkets returns at 11 a. M. Hong kong. This is bloomberg. From bloomberg headquarters to our tv and Radio Audiences, i am david westin. Welcome to a special edition of balance of power, coverage of the first president ial debate. President donald trump and joe biden will share a stage for the first time tonight in cleveland as they debate each other at a campus shared by case western
Little bit of buying pressure, 1. 61 . The s p is up by 6 10 of 1 . If you take a look at the sector breakdown, it will be a little more defensive than the headline numbers will indicate. , talking about the fact that the ecb is taking the currencies single level into account. Alsolso ha watching what is happening with the pound as well, and the russian ruble, because we have seen the ruble coming under pressure as a result of what is going on with the navalny poisoning, germany confirming unequivocally that as a result of recent tests, they are now able to confirm that he was wasd with not a poisoned. Will that result in sanctions . A big move, big move against the ruble. We will come back and talk about that later in the program, alex. Alix Prime Minister Boris Johnson and Opposition Leader are facing off today in the house of commons for the First Time Since july, and that comes as johnsons government announced another uturn and policy, as you were just saying, keeping local lockdow
As a result, you have the two sides stuck. There is broad agreement to that something more has to be done to address the challenges created by covid19 and the covid19 related shutdown. The other issue discussed is we are headed for a Government Shutdown if we do not get government funding within the next two weeks by september 30, we are headed for a Government Shutdown in the middle of the election, in the middle of a pandemic. Not only is there the question of how we stimulate the economy, there is the question of how we keep the government open. David taking the immediate thing, we have heard from Speaker Pelosi as well as secretary mnuchin they think they have some sort of a deal whether it is written down or not. They think they will have something clean, is that a big problem . Lanhee they do apparently have an agreement. He challenges what clean means republicans view a clean extension of existing government funding is just that, a clean extension without any provision stuck on
That nobody really knew how it would turn out as far as viewership goes, is a little bit disappointing on night one. We will see what happens tonight with dr. Jill biden as the anchor of tonights program and see if we can attract more viewers. David do they have much of a hope of doing that . Michelle obama was a pretty big gun the first night. You would expect her to have the draw. Im not sure whats going to happen. Jeanne yeah, i think we have to be a little careful because so much of this is streaming. All of the numbers rick is right. Viewership is down on live tv. There is streaming. Students do not watch anything live. And afterwards. One of the things that last night did, they talked about the fact that trump is not in their view qualified to be president. I think the democrats really have to think about, they want to pull over these voters but they need to persuade in these swing states. They will have to do much more than just talk about how he is not just qualified and what j