Lisa is off today. Jonathan look at the goldman note, tom. Go over that. Tom roaring 20s from goldmansachs. J. P. Morgan talking about market nirvana. Lets look at where future are right now. S p 500 futures this morning, kind of chopping around. Positive. 7 of 1 . But here we are at 3567 and ldman coming out, tom, for 2020. Lut lets go with the year end 2021. 4300. 16 upside through 21. In addition to the upside in the year end. Jonathan again, its everybody readjusting hearing, yeah, its a vaccine and i know he likes the value and e. S. G. Its got to be more than the edical news. Jonathan a vaccine is a more Important Development for the economy and markets from the perspective policy of a biden presidency. This is historic for the market right now. We talked about it reapedly, this market is living in the ackhand of the 2021. The deterioration of the covid cases and a contested election down in washington, d. C. That has not been resolved yet and a senate race that has not been reso
8 up. A bit of a conundrum, it weaker than anticipated growth number when weve got Industrial Production and retail sales beating what was going on. Graphically, there you go. Retail sales, 3. 3 to the upside and that is what has been going on in aggregate. A mixed bag, a miss on the headline gdp but certainly a beat for Industrial Production and retail sales. Yeah, the topline picture is that China Remains the only major economy that is recovering at a pace like this but nonetheless, yeartodate, growth around 0. 7 . Year, beginning of the officials had hoped to get around 6 growth for 2020. Nonetheless, the fact retail sales came in well above the estimates will for economists who say we should see a broader economic recovery in china fueled by infrastructure. Straight cap to the pandemic, there would be focus on whether or not the consumer would step up and the numbers suggest that is happening. Ubss headore from of asia economics and achieve china economist. Always great to get your
Am Kathleen Hays in york, welcome to daybreak asia, related stories this hour, monthly suggests the recovery is continuing. The Bloomberg Economic saying recovery above three point five percent. Nancy pelosi says a deadline for stainless steel well President Trump calls for a big spending package. Central bankers worn support will be needed for some time to come and new zealand stocks rise in the kiwi strengthens after the historic victory. Labor has the seats to govern alone, but she is considering a new coalition. Haidi taking a look at markets in asia we are setting up on a pretty cautious note when it comes to trading in the trading week here in asia, however we are looking ahead to Third Quarter gdp out of china with investors and traders came to see what the expectations were for this study growth were to continue. We are expecting numbers of about 5. 5 when it comes to economic expansion. This is our way of seeing into the first couple of minutes here in sydney just about two pe
Night gentlemen the neighbors so definitely a long term process and one with it with no clear answer no definitely won the world is watching closely knit conley in minsk thanks very much for the. Lets turn now to some of the other stories making news around the world Afghan Government air strikes have killed dozens of people in the Northern Province of couldnt those the Defense Ministry says the strikes target taliban fighters but its vesta getting claims by local witnesses that civilians and children were among the victims taliban and government goetia it is currently holding talks in hotter for the 1st time in decades. The death toll from a powerful storm which battered greece has risen to 3 cyclon yanis swept across central areas flooding thousands of homes and damaging roads earlier the storm caused widespread damage in the peloponnese and union islands. A German Charity sea eyes says its a rescue ship the alan kurdi has picked up more than 100 migrants in the southern mediterranea
Heres to a chance for more together time. A chance to live longer. Ask your doctor about opdivo plus yervoy. Thank you to all involved in our clinical trials. Building a better bay area for a safe and secure future. This is abc 7 news. I will fight. I will fight. On the steps of the Supreme Court, a second tribute to the Late Supreme Court Justice Ruth Bader ginsburg, there to mourn hefrielabeth odernewteot datensrg still bell kreutz. Thank you for joining us. First, many are wondering about the potentially smoky conditions today. Lets get over to meteorologist lisa argen. Good morning, liz. We saw the air quality yesterday deteriorate just a bit in the north bay and east bay to hazy conditions. We went from good to moderate. This morning, a shallow deck of low clouds and fog. Look at these pictures, isnt it neat . This is maybe 2 to 250 feet. Where it is shallow, were looking at of course the reduced visibility. But most everyone has good visibility. 69 already in oakland, 66 in san j