There trying to buy a stake in Russias Energy company, we have more details on what went down. It is raising questions, why was the Vice President son involved in the energy deal that could move the oil markets partnering with the head of the Chinese Company that is gone missing, he was considered chinas bridge to russia for energy deals, another executive at the same company arrested for Money Laundering, will show you what we found crosschecking hunter biden, secret Service Protection for these types of business deals, did hunter biden. Payments for this kind of work in Shell Companies and was any use of that illegal, also did the media and democrats political attacks on operation warp speed, did that delay delivery of successful vaccines, the chief advisor to operation warp speed said yes it did and we are tracking a major push back, even u. S. Counties, Small Businesses battling back against extreme covid19 lockdowns and curfews, literally an explosion of lawsuits, thousands of law
To the upside. Other news coming through about approvals for future houses as well. The asx up 119 points. Thats move along and look at other Asset Classes. Crude trading yesterday with a 33 handle, hasnt had a huge rally since then. Part of that is down to russia and opec looking like they will not be hiking reduction in january. That news helping to propel oil prices up to over 97 in the last six hours or so. ,old remaining where it was just shy of the 1900 level. Thats ahead of the u. S. Election. The u. S. Dollar index marginally down, the Rate Decision coming expecting a 0. 15 cut in the base rate and we do have in anticipation of all that move slightly higher than that, and thats down to a commodity related currency and the crude price helping that along. Lets head over to new york and join karina mitchell. We start with the latest headlines on the pandemic. Starling fell to its weakest in the month, with an economy already reeling from similar measures earlier this year. France
All right, welcome everybody to power lunch. Kevin is with us dominic too. Welcome, dom good to see you. Here is whats on tap. Stocks are at session highs right now after four weeks of losses the dow is up 500 points both the dow and s p on track for their biggest two day gains since june high stakes stimulus how Speaker Pelosi says she thinks, think, republicans and democrats can get a deal done before the election and tom lee says thats just one reason to buy stocks he will join us very shortly later, which president ial candidate could be better for the economy and the markets . Moodys is out with a new report that takes a look at those questions investors need to know power lunch starts right now welcome to power lunch. Looks look at the bigger wins today. You have fedex leading the industrials over at Deutsche Bank raising target price to 318 a share both those stocks up around 2 Virgin Galactic getting two more buy recommendations. Eight wall street analysts say the same thing bu
Provide strong support for the economy. Rates will remain accommodative until the economy is far long in its recovery. That should be a powerful statement. Inflation running persistently below 2 , we will aim to achieve inflation moderately above 2 for a short time. Longerterm Inflation Expectations remain well anchored at 2 . Labor market has improved, but it is a long way from maximum employment. My sense is that more fiscal support is likely to be needed. Details of that are for congress, not the fed. We believe the guidance we are providing will serve the economy well by promoting our goals through many paths the recovery may take. Alix moderately is what got everyone talking. Mark cabana, bank of America Global Research strategies. Nathan, broad strokes. The fed date with the market the fed did what the market said it would do. The issue here is not about the feds commitment where the power of the Forward Guidance. Pretty put down some stringent restrictions that will inern any fu
Recognize where exactly. The most are sculpture history of. Travel extremely worth a visit. Its a construction project up become a geo political conflict the United States imposes sanctions against the north stream to pipeline calling into question the future of Russias Energy supply to europe and leaving a small german port times uncertain about its future. Also coming up russia and iran says if the seiko bid 19 vaccine scientists around the world voiced concerns bobs high dont have the markets reacted. This is the w. Business fine take ferguson welcome to the show ever since its inception the noid 3 into pipeline has put a strain on ties between the United States and germany the projects now on the brink of completion of runs parallel to the existing annoyed 31. 00 pipeline between russia and germany stretching a total of 1200 kilometers across the baltic sea it will enable russia to supply gas to 22000000. 00 households in europe washington has long been a critic of the plans arguin