Indicating it. We are a few days in december, and clearly we get no respite for the holidays. There is no question about that. An extraordinary 46 minute video from the president last night, hugely commented on in washington. Attorney general barr, you wonder how he gets through the weekend with the president. I agree with you, this french issue is not a small matter. Memory of if in the that macron decided to rip a page out of the textbook from 30 years ago. Francine we will have a lot more on the dynamics of europe and france, but lets get straight to bloomberg first written with with rickets with or take a group with ritika gupta. Nancy pelosi and Chuck Schumer are backing a bipartisan stimulus plan. They see the proposal from house and Senate Lawmakers with a new round of negotiations. The plan calls for 908 billion dollars in spending, less than what democrats want, increased from the number being floated by Senate Majority leader mitch mcconnell. The u. S. Has had its deadliest d
But we will be told to proceed with caution and dow closing for the first time in history over 30,000 the question tonight, are we headed yes, thats right, are we heading higher and higher . There are positives. The president ial transition is under way. We have three coronavirus vaccines ready to rock so, is the next 10 move higher and higher or are we headed lower and lower . Well that song, thats a miserable song thats why we chose it. Please dont at me on twitter. In the list of bullish things we talk about, the peaceful transfer of power as being a bullish thing. You would think that would be a given. I find the market took that as a positive today fascinating. I will be the first to say in terms of the Broader Market, i have been dead wrong we have had individuals stocks we have done a good job with Broader Market not so much we are so over it in terms of valuation, euphoria, the things that can go right, not just the head winds out there despite it has bnsecause i been market we
The opioid epidemic. The Justice Department announced the settlement today. Purdue has proposed a separate 10 billion settlement to resolve state and local claims. Onbal news, 24 hours a day, air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in over 120 countries. I am Mark Crumpton, this is bloomberg. Vonnie welcome to bloomberg markets. Exclusive interview with former Federal Reserve chairman Alan Greenspan, his thoughts on the state of the was economy and the stimulus logjam. Markets are now lower and bouncing around on speculation whether lawmakers will finalize a stimulus deal. After thea announces bell today, all but guarantee to report a fifth consecutive profit. Markets,heck of the the major indices are down at this point, about a quarter of a percentage point of peace and they had been higher earlier. The dollar index is partially to blame at 92. 5 so lots of weakness for the dollar index partially thanks to sterling. Brexit trade talks are on
Discover who. Subscribe to documentary. The struggle continues for germanys key cost to the chancellor turns down the auto chiefs in their plea for more financial help a crowd of viruses hit them hard and the industry is trying to transform itself. Taiwan enjoys a Search Engine exports but the main driver is the mad rush to stop powwow away hartwig before a band from washington takes effect. And whats the future hold for like events and festival organizers the pandemic has brought this sick day to a screeching halt. And then for lets do business the german order of sector is in crisis the crowbars brought sales to a screeching halt amid a global downturn for the market and admits to a huge transformation towards clean and Smart Technology its all come up once and Industry Leaders say they need more help but a virtual cost summit with german chancellor Angela Merkel has left them empty handed one of the topics was how to financially help supply is on the one hand the industry is sufferi
The auto sector is in crisis a study by the Consultancy Group shows the pandemic has cost the industry billions of dollars worldwide the german order giants like fox fox timeline and b. M. W. Have seen revenues collapse 5 to 40 percent thats never happened before the Global Market was waiting before the coronavirus hit and the comic is here scrambling to catch up in the huge shift towards cleena and smart a take its all come up once bosses say they need more help but a virtual cost summit with german chancellor Angela Merkel has left the mentee handed 1. 00 of the topics was how to financially help supply is on the one hand the whole industry is suffering from low demand on the other hand the conversion to alternative fuels is a top priority concrete measures a set to be decided at another meeting in november. Is head of Automotive Research at sanford c. Bernstein what happened to the cox chancellor merkels always being such a staunch supporter of the sector. Well i think most answers