Can make the big prize of the night as always is california with 55 Electoral College votes joe biden has got those further north the state of washington with 12 goes to the blue column as well and oregon as well all of these west coast blue states another 7 which we can add to joe bidens tally there and well put in idaho as well which is also closing the south thats a red state that goes to dont trump with 4 so as i said this gives us some shape now because weve now managing to fill in the states which we knew so 209112 right now that looks very strong in favor of joe biden but lets think about this texas 38 florida 29 pennsylvania which we havent talked about for a while will do that in maybe will 10 or 15 minutes well have a little talk about pennsylvania. Not even in the too close to call of the moment but this 20. Heigho a chain North Carolina 16 there are a lot of states and its all the ones which we thought it would come down to of course so whilst that number all just pop out t
David it has been up and down even though we had the amazing quarter we just ended. As we go into the second half of the year, you say that maybe perhaps some tea leaves that indicate there may be a shoe to drop. Why is that . Abigail i look at a lot of charts each day and there is just nuances in some of these charts that suggest that some investors are preparing for the possibility of some sort of even shock, an event that most are not anticipating. This is very unlikely. One thing to really keep in mind is the dollar index. There is a lot of indication that the dollar is going to continue declining. The dollar is higher by more than 2 and you have the s p 500 down by equal amounts. This is the real driver for stocks. Drop, as the does economy improves. More so on fed liquidity, that puts pressure on the dollar, you are likely to see stocks and other risk assets go higher. If the dollar rises and there are technical reasons to think you can see the dollar index go sharply higher, tha
I included Newmont Mining because gold is nearing 1800 an ounce. Sovereign yields are also down. The german 30 year yield falling below zero again today. Airlines and Cruise Companies make up four of the five worst performers in the s p 500. That is the flipside of the move to safety. Big will have the carriers are burning through as much as 45 million daylight, which is still very weak. The flipside is the bid for stayathome stocks. Netflix and clorox making new record highs. Netflix extending its gain to six days. 2020, even2 in though it trades at 32 times earning as opposed to credit to 20 times for Consumer Staples Everyone Needs their clorox wipes. David you can never get enough clorox. Thanks to scarlet fu. Lets talk about the big rally President Trump plant in tulsa. The rally was saturday, but he had 6000 people in an arena set up for 19,000. They thought they would have overflow. They have the reverse. Lets bring in rick davis, our political contributor at bloomberg. They rea
The outbreak has been infected industrial activity in the eastern province. According to bloomberg economics, the economy is running 50 to 60 of its normal capacity. Authorities have not seen a turning point yet when it comes to the epidemic. Indicated this week it would deepen the focus on stabilizing the economy. Supply chain and Business Sentiment showing up in global pmi data, u. S. , business, and manufacturing activities. We are also seeing a pickup in cases outside of china, which could indicate a new phase in the outbreak, a search in iran, concernsthe who, given route infection not being traced back directly to china. David a disturbing story. Thanks to Sophie Kamaruddin in hong kong. Now we go to brussels and maria tadeo. They are trying to hash out a budget. There are hawks and doves involved . What are the issues . Maria there are many issues. This is day two of a long summit. European leaders are trying to get to a compromise over the budget for the eu for the next seven y
Vonnie gasoline inventories, that showed a build of 3. 3 Million Barrels. Is thaty the headline crude Oil Inventories showed a 1. 1 5wn last week of Million Barrels. It has been a risk off tone. Energy companies are benefiting from the spike in oil prices on both sides of the pond. Decline500 is showing a of 0. 75 . It is following the other indexes lower as well. Analysts showing stocks higher. Some of the Security Companies like Lockheed Martin is up 3. 4 . Guy european stocks are down. They are off their lows. The ftse 100 is now positive. The ftse 100 has lots of oil stocks in it. The dax is underperforming in europe. The aviation sector under pressure today. The bond market is catching a bid, moving six basis points on a german tenyear. Brent crude elevated. You would expect brent to be a little more aggressive of a move in the middle east rather than wti. The ism number today not exactly great, plus this story out of the middle east. Vonnie this will be all of the talk at the Ame