That would be a game changer. Bitcoins market cap is currently only 3. 1 the size of gold. As bitcoin and gold struggle between the risk off, is gone, copper is not hitting a sevenyear high. It looks a lot like that spike we see in early 2000 at the beginning of that chart, that is when china started commodities super cycles. Maybe there is some more longterm fundamental support from china. Lets get into the ring with todays top story. Opecplus agreeing to increase output starting in january, with monthly reviews to cf if more oil should be added. Alex longley joins us from london. What are the rules for the subsequent production hike . Alex there has been a fraud week of debate within opec. We have had the opecplus meeting. What we are hearing as they have agreed to hike production by 500,000 barrels a day in january, and will then have monthly reviews what they were at another 500 barrels a day to the market. That is doing the same, weve got a Strong Oil Market at the moment. But the
The s p up 11 the dow up nearly 13 on pace for its best month since january of 1987. The nasdaq up about 12 . Check out the small caps because the russell 2,000 is up almost 21 in november alone. Thats the stock world but, melissa, our other favorite topic, bitcoin thats been moving a lot, too. Maybe joes favorite topic, at least bitcoin after recently hitting 16,000 were seeing it recoop some of those losses in recent days its up by almost 2 today, above 18,000, 18,540 guggenheim is reserving right for 5. 3 billion Macro Opportunities Fund to invest up to 10 in the Gray Scale Bitcoin Trust which is only invested in bitcoin and of course this follows many large investors including stanley drunken miller voiced support for this krip cro currency, joe. Yes, it has been getting traction interesting recent trading and good to see you, melissa and andrew its tough to come back from vacation, but having you here, melissa, i dont know, it just makes me feel very, very comfortable, happy my he
Symposium director and the director for the peace and war center. At the universities and Global Resilience Center for global insecurities and the peace and war center and in the initiative for the university. The 2020 military writers award. We would like to mention a couple of details before i introduced hiintroducing and wet the award. For those of you that are not familiar with the award we created a special video that provides context and background to the award from the previous recipients and we ask that you go to the website. The link to the website has been put out on chat and take a couple of minutes after the presentation to watch the video we would also like to ask you go to the page in the military writers symposium website. You will see theyve given an introduction to the symposium this is why we are doing some of the things we are doing right now in this particular theme. As you can imagine this is the inaugural event virtually we bring the guests and authors here to the
Christine lagarde, president of the ecb, moderated by Francine Lacqua. Francine what a great pleasure to be here with Christine Lagarde, president of the European Central bank, and welcome to the forum here at bloomberg. Everyone is talking about the vaccine. How will that actually change your forecast and the economy if we do get a vaccine early next year . Ms. Lagarde it is lovely to see you and to participate. To your question, i am not sure it is going to be a major game changer for our forecast, simply because what we had anticipated in our baseline was that some stage in the first half of 2021, there would be a vaccine, and that it would be rolled out in the course of 2021. So it might be a little back celebrated a little bit accelerated given the news we are receiving from the various horizons, germany, the u. S. , but i dont think it is going to be a game changer, so to speak. I think that our forecast is being revisited all those times we speak, and we will be releasing on dec
A few more cases that go to the Supreme Court equally bad it gets down to work immediately which is exactly what the republicans wanted the World Health Organization is warning some countries are on a dangerous track and their battles against new surges of Coronavirus Infections the agency admits assessing the level of fatigue has set in but it has cautioned against giving up the fight the warning comes a day after president trumps chief of staff so the administrations focus had moved away from stamping out the virus. Have been protests in several italian cities as anger builds over the latest round of covert 1000 restrictions interior and people lit fires in looted some stores riot Police Responded with tear gas on sunday the government ordered new restrictions which include restaurants and bars closing at 6 pm. President has called for a boycott of french goods in response to money plans to reform islam in france has called for tougher laws to prevent people separatism in French Soci