Was when the ceiling went. It is interesting to see reporter what is happening in the bond market. To see what is happening in the bond market. We have seen curve flattening throughout most of this week. We see a little bit of steepening today on the back of the payroll number. We see that ripple around the world, and that is reflected in the german 30 year. Twostens in the state basically back to where they were almost a month ago. Alix thanks very much. The s p now dropping like a stone. House Speaker Nancy Pelosi speaking right now. She is saying to everyone, be calm, be confident, be patient, but she did call biden president elect biden, having a strong mandate to lead. She says she is hoping republicans can come back to the table on stimulus. Moments ago, we also heard from larry kudlow as well that they also wanted to try to move forward on stimulus and come to some kind of agreement. Will they or wont they is really the big question, what the s p taking a nosedive as we are stil
London. We had that surprising news, a lot of it on how it could up into the markets Going Forward into the november 3 election day. Now, we still know very little about the symptoms, if any, that President Trump has, so that gives us a little indication of what will happen next. I suppose we could see him stop campaigning for the next two weeks if not longer. It could also have an implication for the ballot if something were to escalate. Canpean stocks down, you see s p futures also down, and then vix, one of the measures we look at for volatility, is gaining as the market trying to recalibrate exactly what that means. Now lets get more on the markets with dani burger. Hi, dani. Dani good morning, francine. We see this reaction starting with a gut punch, starting to bleed into the red for the rest of the day. Yes, u. S. Futures are lower, but interestingly, what is doing worse right now are russian assets. The russian stock index down more than 2 , the ruble down more than 1 . Yesterd
We are going to talk to the cio of capital. It with some of the atlantic you want to put your money in . We will talk about that in the United States. U. S. Labor market continues to be a big focus. The jobless rate is 10. 2 . Ofs is quite a bit shutdowns, a lot of hotspots. Jonathan ferro talked to larry his take in that. He was raising that point about the hotspots and how good he thinks this number is. Is july 20. Thesurging hotspots in south and west in other places began in the back end of june and lasted through july. There was some pullback of reopens. 1. 8 million. That was a big decline in the Unemployment Rate. This will move the Single Digits easily in the summer and fall. That is larry kudlow talking to Jonathan Ferro earlier on. Larry kudlow is trying to put a positive spin on things. This looks like a good report. Is a good report . We made progress. Thats the important thing. We didnt backslide. It was a very wide range. There has been a lot of noise coming from a variet
Concern spreads from italy to iran, but the World Health Organization says the outbreak is not yet considered a pandemic. The business case. Mastercard and United Airlines, the latest companies to issue profit warnings amid the operate. And, sticking to the script. Cleveland fed president Loretta Mester says the virus is a threat to the u. S. Economy, but does not justify a change in rates. Just under one hour away from the start of cash equity trading across europe and in the u. K. Lets take a look at futures after the big drop yesterday. We saw in some cases the biggest slide in european stocks since the brexit vote. As a result, we see a bounce in futures today. Maybe investors saying it is time to buy in the dip. You can see that dax futures are up 8 10 of 1 . U. S. Futures are also showing gains today after the biggest drop in two years on the s p and dow. You can see we swap over to u. S. Futures, they will be showing green arrows as well. Lets take a look at whats going on in te
Progressive vote there and they will pick up delegates there. And texas is a nailbiter and this could go late into the morning in terms of the vote there. A twoperson race at the top. Maine, and biden it is too close to call there, and we dont have a result there. And sanders is scoring a trio of victories, first in utah a commanding lead over Mike Bloomberg right now, and in vermont, sanders, and sorry, colorado, sanders is the projected winner as well as vermont, his home state. And looking at the night that joe biden has had and it is a big one, winning in North Carolina, virginia, minnesota, tennessee, oklahoma and arkansas and so he is sweeping the south and posting huge margins there which is going to make him rack up the delegates and it is all about the delegates tonight and not about the states that you win, but how many delegates that you go home with, and biden is leading in that regard. As we reset here at 8 00 p. M. Pacific time and california polls are just closing, but t