Wie the people will not surrender. But president Trumps Campaign demands a recount in wisconsin and files a lawsuit in georgia as he urges the Supreme Court to intervene in the electoral process. And bank of england policymakers lower their forecasts as they go back into lockdown well be speaking to the governor Andrew Bailey here on cnbc right now the u. S. Election remains too close to call with democratic candidate inching closer to victory. This is where things stand right now. Biden leads with 253 Electoral College votes and trump has 214. The tally leaves the former Vice President just short of the 270 votes needed to win. Counting is under way still right now in atlanta through the middle of the night and is set to continue throughout the morning. But lets take a closer look at some of the key battleground states and more detail in arizona, it remains too early to declare results but biden is ahead. And nevada is also too close to call but a win in both would bring him across th
There is quite a lot going on in the markets mainly because of the threshold that markets crossed yesterday. Lets have a look at what that means for european stocks and even the global stocks rally pausing. We did have the best monthly gain in three decades. Investors awaiting a lot of Economic Indicators that could support the. Rally in risk assets. We have Consumer Confidence and of course personal income. We did have a gauge of asia pacific shares gaining. Above 45 alding barrel, and i also wanted to show you bitcoin and a second, because they were also, you know, within a sliver of a record high for bitcoin. At 19,130. It now lets get to the bloomberg first word news in london with leighann gerrans. Hi, leighann. Leighann good morning, francine. France will gradually start using its lockdown from sunday. Museums will follow suit from december 15, but restaurants will remain closed. President Emmanuel Macron says vaccinations could start at the end of december or in early january. M
With the dividend although it will be far lower than last years. Hong kong media tycoon released on bail. His broken National Security laws beijing has branded him guilty. Breaking news out of south korea. We are getting Unemployment Rate numbers, and again, surprising to the upside. They fell to 4. 2 in the month of july, this after surprising to the upside the previous month, falling to 4. 3 in june. Of course, we have seen more job creation efforts. In fact, we just heard from south koreas Ruling Party Leader saying south korea will actively consider a fourth extra budget if needed. South korea has already pledged more than 225 billion in stimulus measures or roughly 14 of gdp to help put a floor on the jobs market, and right now, the july Unemployment Rate falling to 4. 2 . Lets turn to the markets and bring in Sophie Kamaruddin in hong kong. What are you watching . Korean alongside the jobless numbers, we are waiting on Australian Consumer confidence, due out later this morning, a
Intervene in the economy and saunders and other members of the party are not shy about identifying themselves at a democratic socialist. On the other side President Trump and republicans are for training that is dangerous for america. Some reason polling shows the capitalism and socialism through the lens of the political affiliation. A survey by two research taken earlier this year ruled 65 had a positive view of capitalism with 42 saying the same for socialism. However, republicans and those leaning republican 50 had a favorable view of socialism. 65 leaning democrat did. While majority of americans give capitalism the thum thumbsup, y guest argues something has gone wrong with the nations economic mobile. What used to be highly competitive dynamic free market has morphed into Something Else one increasingly dominated by Huge Companies that are eliminating choice, reason prices and harming the consumer impairing the strength of the World Largest economy. In an especially ironic twist
A quarterly beat despite increasing costs Berkshire Hathaway including d. R. Horton and lennar weve gotten another warning from fitch, this time the Rating Agency telling cnbc it may be set to downgrade dozens of banks that could include jpmorgan chase. Lets begin with the markets. A lot of credit card data said retail was going to come in strong here. Look, the fed has tightened we know that i dont want a big jackson hole boom, but the economy the consumer is strong the enterprise is strong the weakness is, what, in trucking, in some really bad retailers . David, at times you have to play a game where you find this weakness i need to know where theres weakness give me some weakness. China go to china, young man. China is not in america i just want to give you a little well, you didnt specify geography to be fair no. But in the absolutely china is weak. I wont give out numbers about unemployment because theyre all in school. Many of them are in school at least thats what the chinese ar