High just days after sinking to near 16,000. One market watcher says he knows a bubble when he sees one. And what starbucks is doing to support frontline workers for the entire month feel good trending story of the day on this tuesday, december 1, and this is worldwide exchange. Welcome from wherever in the world you may be watching. Thanks for joining us on this tuesday. And welcome to december. After 42 months this year, we made it. And here is how your money looks. Stock futures are in the green not by a lot, but they are higher nonetheless you know what . I stand this is the kind of time where you like being wrong. You look at the futures literally, i dont know, ten minutes ago, 15 minutes ago and they werent doing that much now you have an implied open up 350. Wow. Remember people roll in in the mornings futures, i dont want to say they are worthless, but they do evolve as the morning goes on as more traders in the u. S. I would say get into their offices but now i would say just
So that is pretty evenly split, actually. Theres certainly quite a lot of recognition that Central Banks need to think about new toolkits. We are going to go to some questions now, but if you want. O use the platform to submit i think larry gave an excellent description of what the core problem is that the developed world faces, that there is a glut of saving and a , and it of investment really means that we have to have fiscal policy, structural policy, and things other than. Ust relying on Central Banks i think Central Banks need to do what can come about they can. Adopting a system called flexible average inflation targeting, i think this is an appropriate change. Somewhat improve the scope of Monetary Policy to show that shortterm Interest Rates are often constrained by the effect of lower bound. I think it is helpful in preventing a cycle of falling inflation feeding falling inflation expectations, but i strongly believe Central Banks need to be independent and need to do everythi
Still needs 17 Electoral College votes but were getting new information. Whats changed from yesterday the president is behind in pennsylvania there you see joe biden with an 8,000 plus vote lead in pennsylvania the president behind in the state of georgia, 1584 vote margin thats a really squeaker in state of georgia the president needs both of those to advance here. Pennsylvania is the big kahuna joe biden gets that this race is over take a look. The state of arizona where in last hour we got a new wave of vote from Maricopa County. Thats in arizona near phoenix that pushed bidens lead down. It was just under 44,000 or right around 44,000. Joe biden at 50 even donald trump 48. 6. The difference 4377. 9. So the biden lead holding in arizona. Nevada similarly, weve been getting new vote throughout the day. Yesterday and through to today there you see joe biden ahead 49. 8, donald trump 48. 1. The difference there just over 20,000 votes, guys so a very close race all of this is being watc
Without follows the ultimatum. It was given by the federal side on sunday, calling for the ground fighters to lay down their arms and render. A statement did 30 that thousands of to grain fighters had surrounded just a couple of days ago to raise leadership with disputing these claims. They said that their fighters werent surrendering, and they also disputed the the governments claim that the city was in fact surrounded. Health experts have raised doubts about the covert. 19 vaccine produced by British Drug Company astra zeneca, an oxford university. They say a manufacturing error during the trial process makes it difficult to assess its effectiveness. German chancellor Angela Merkel says coronavirus restrictions could remain in place and well into next year. Bars and restaurants are closed, but schools and some shops remain open while still be mandatory and busy public areas. The football world is mourning. The death of argentinian Diego Maradona who has passed away at the age of 60.
Bide 253 Electoral College votes, trump 214 biden needs 1 out of those gray states that you see there, which still have not reported their results yet. Were expecting new numbers from nevada any minute now. Were going to watch for that. Look at the state of play in arizona as we move around the country. You see its biden in the lead 50. 5 to 48. 1, a difference of just over 68,000 votes ive talked to some trump people they are optimistic that the tail end of the count is going to be protrump because they are votes dropped off in person. You see the margin in nevada 49. 3, trump 48. 7 86 of the vote in there thats where were expecting some new numbers today the biden margin there is narrow but we dont know exactly what vote is coming in and from where in the state and which counties its coming in were going to have to watch for that one pennsylvania, theres been counting in fits and starts and who is allowed to be in which polling play counting house to see the actual results being coun