The last 24 hours. Tom what is interesting is the microanalysis of france or germany. Interesting conclusions. Heres what matters. Hospitalization capacity and the number of deaths is front and center for the pros. Jonathan and for market participants, desensitized by the numbers, conditions by the experience of earlier in spring. Markets that if that markets go up, and if they policymakers step in. Tom it is real simple here. Yes, all of that is true, but. Lso noted, a society adapting stimulus may be, the adoption of a set of vaccines, but also corporations adjusting to try to better 2021. Jonathan lets hope we get some better economic data. 8 30 eastern, jobless claims just around the corner. We got from 3m this morning. They are going to cut 3 of their staff, 2900 jobs. This comes amid the concern, how much can we see these terrible pandemic numbers without longerterm impact on that future outlook in 2021 . At 8 00 a. M. , we are getting the rest of the opec meeting on out cuts on
Television worldwide, good morning. 11 days to go on the election. What are we trying to do . We are trying to get through friday. This is a serious time, a serious debate last night. This pandemic has worsened worldwide. The challenge of a 3 trillion deficits. The civility of last night was noted. Jonathan it was civil. It was muted. But stark differences on the outlook, particularly over covid. The president promising a vaccine within weeks, and biden focusing on the failures of the administration and the winter ahead of us. The Vice President talking about winning hope over fear. That really goes to one of the themes this week we havent talked about, which is the partition of economic america. Lisa the idea that the jobless rate perhaps is going down, but stagnant at one rate. We got those initial jobless claims. The number of permanently unemployed americans, frankly those around the world, is increasing. It is going to take a long time to remedy some of the scarring taking place.
Traders are concerned about the swelling global glut and the lack of storage. The skies are darkening over japan as the coronavirus bomb the dimmest view on the economy for a decade. We have that this hour. Shery breaking news at the moment. We are hearing from treasury secretary mnuchin saying the u. S. Has no current plans to create a Federal Reserve facility to inject funding into nonbank or gauge servicers. This of course as we have seen recent government moves to help the firms get through the risk of borrowers missing their mortgage payments. Again, treasury secretary mnuchin saying he has no plans for lifeline. Lets now bring in our congressional government reporter, emily wilkins, on the line for more on what we heard from President Trump as well as Vice President pence on the latest efforts when it comes to handling the impact of the coronavirus pandemic. Emily, so secretary mnuchin saying that he has no plans for mortgage servicer lifeline. He says the steps are taken by agen
Test. E taken the it has come out positive, so i am working from home. I am selfisolating. That is entirely the right thing to do. Be a no doubt that i can continue, thanks to the wicked with agree of modern technology to continue to communicate with my top team and fight back. Is selfisolating in his down a street offices after a test on thursday found he had the coronavirus. Weeks ago johnson had pledged he would go on shaking hands with everybody. Global news 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. I am mark crumpton. This is bloomberg. Vonnie i am vonnie quinn, welcome to bloomberg markets. Here are the top stories we are following. The fastest u. S. Stock rally in nine decades is showing some signs of fatigue. Nervous aboutin the effects of the coronavirus pandemic. Bostic from president who expresses some confidence that the economy can rebound strongly. Later we speak with nobel prizewinning
Sports world coming to a halt while the happiest place on earth closes its gate. 2020 race impacted by coronavirus as well, Campaign Events canceled. Debates with no inhouse audiences, mornings with maria live right now. Maria we want to check overseas marks right now, take a look, mixed story over in europe. Ftse 100 now turned negative, down 421 points, 7 lower on financial times. Cac request rant is up 150 and dax index in germany up 307 points. 3 apiece. We are looking at those losses extend this morning in the uk. In asia overnight it was red across the board certainly in the heels of wall street but markets in asia actually closed off the lows of the session, worst performer was japan, down better than 6 followed by korea. South korea banning short selling for now 6 months, lets check Interest Rates, the yield on the 10year treasury moving up. The yield is up now 10 basis points at level of. 896 on the 10year, Oil Prices Rising this morning after 2 days of decline as the price wa