Priority. Pandemic under control is his top priority. Good morning, everyone. Welcome to bloomberg surveillance. I am Francine Lacqua here in london. A lot of the focus is on the number of infected with covid19. At bond growth, a lot going on, treasuries, for example, rising. Overheated equity markets, the deteriorating coronavirus situation in many countries. Oil demandtting its outlook, saying they will not rescue the market, and then i got a look, not very often, but coming out with figures that were not great but were better than expected, leading to burberry gaining one point half percent. 1. 5 . Now lets get to the bloomberg first word news in london with laura wright. Hey, laura. Laura good morning, francine. The recovery is being derailed by a rise in virus cases and a. Ew lockdown president elect joe biden is naming longtime aide dr. Vinjamuri ron claim as his chief of staff. His leading role during the Health Crisis of the Obama Administration leaving the white house in the 2
The Supreme Court, and health care. With me throughout the night are bloomberg contributors rick davis, partner at Stone Court Capital and jeanie, professor of Political Science at iona college. The economy, both candidates have been in debates before. Vice president pence against tim kaine four years ago. And senator harris against all the other Democratic Candidates for president earlier this year. And this is what they have had to say about the economy in prior debates. In the wake of a season where American Families are struggling in this economy, under the weight of higher taxes and obamacare and the war on coal and the stifling avalanche of regulation coming out of this administration, Hillary Clinton and tim kaine want more of the same. And youre measuring this greatness of this economy of yours, and he talks about the stock market. Well, thats fine if you own stocks. So many families in america do not. David ric davis, what we just heard from Vice President pence in that last f
Looking to open off 37 points. The 10year note stands at a point. We are looking at. 672 melissa lee in the house that was a major move we are back up towards those highs right now. We saw lots of ramifications in the market looking at how quickly it moves higher. Im trying to watch whatever information i have is about 12 seconds old we are all in a house somewhere. Just not together. It is good to see you although i cant see you now. Im looking at the board from 15 seconds ago. We are going to power through this well up an update on why we are all doing this new case numbers have been declining across the country but testing shortages are calling those numbers into request the average number of covid cases down 19 from july 28 but testing has declined over the same time period amc to reopen u. S. Theaters august 20 and hopes to have twothirds of theaters open. Says all staff and customers must wear masks. That is the change from comments in june that mask wearing would be encouraged b
Need in order to Save Companies throughout the crisis . Mr. Scholz it is quite difficult to give numbers in this question. It is only important that we have the ability to do anything that is necessary and that we are willing to do. Matt in terms of the companies that you have looked at helping or that you talked about helping and the people being talked about helping, i dont see any banks in there. You are focused mostly on the industrial engine and the consumers, the voters, the people. What about banks . Are they going to need any help . Mr. Scholz it does not look like it, because if we make it feasible for them to continue with their business and giving , withity to the economy money, theund of our promotional bank, i think it will be enough for them, and if company of thee economy, it will also stabilize the banks, so it is not directly just helping them to be successful with their clients. Matt so you are not concerned about an economic crisis that snowballed into a financial cr
I know. Alltime highs we have like, what, 39 trading days to go is that it . It is a tight time frame here the interesting thing around the market is it has shrugged off concern. One of the reason the market has gone higher is because of really light positioning. That mentality hasnt changed. That has fuelled the rally in the market you see the dow in the green but just barely. Nasdaq futures down by a point again, we are sitting at new highs after the gains we added on yesterday you look at the treasury market yielding 1. 85 xerox looking at buying hp. The company has an informal funding commitment xerox has a Market Company a third of hp. Both of these companies former technology stall waters. Xerox has had a couple of falls. Do people steel xerox things it is like faxing. Hp has tried to keep up it is like help me im drowning. Hp shares are up. Xerox somehow is the acquiring company. And there would be a premium to hps market cap. I just get depressed reading this xerox already scra