Market, that is the title. Retail earnings rolling out this morning. Economic data showing customers are slowing their spending. October retail sales data shows the slowest growth in about six month. Joining us to break it down is michael mckee, Bloomberg Economic and policy correspondent. Michael we call it getting whacked upside the head here in the colonies. In april, just a 0. 3 gain for the month of october, down from 1. 6 in the month of october, with the pendant was at its worst in april. Only five of 13 categories rose last month, compared with 11 of 13 in the prior month. October andm november seems to be getting worse. Jp morgan economists report that chase card spending has fallen notably in the first part of this month. It is, as they say, really dropping off,. That suggests a weaker month ahead. Who knows what will happen with black friday, if anybody cares about that anymore, but it is a clear americans are cutting back. The actual results come a much less meaningful than
Good morning on bloomberg radio. Good morning on bloomberg television. It is extraordinary to be the beginning on global wall street of the holiday season, and i can never i can never think, even the tragedy of 9 11, i cant imagine how much of a tragedy this holiday will be with the pandemic. Jonathan the numbers are terrible. We talked about it an hour ago. We started this month with daily infections in and around 80,000. That has doubled in 11 days. If Health Care Capacity gets tested, they will start to introduce more restrictions. Heres the critical issue. Who is going to step in . Where the fiscal policy maker . Bridgewaterf says we have a mismatch between the length of the pandemic and the willingness of fiscal policy makers to do something in equal length. Tom it has widened out, without question. What is so important here is to gauge the pandemic, and we are all doing that on a local basis. You and i, we hear more sirenss again in new york city, and we are all dealing with the
Arrows dow futures indicated down by about 260. Weve seen down 300 this morning. Nasdaq also down sharply down by 200 points and the s p 500 down by about 37 so significant declines after two other days of losses also playing out in the treasury markets as well. If you want to take a look at what is happening there, yields have gone down, right now the ten year is yield iing below 0. a lot of this has to do with renewed lockdowns in europe. Lets get to karen cho who has more on what is happening there. Thank you very much we are witnessing losses across the markets as we contend with more news flow around more severe restrictions. Weve been hearing the last couple hour 24s that there may moves announced later on today, reports from various Media Outlets suggesting that london will move to a tier two restrictions the london mayor has spoken suggesting that the Health Secretary will reveal the changes in the house of commons. No mingling between households currently there is a rule of si
James comey who saw the trumprussia probe. He testified today he only learned about fbi abuses in the probe reading about them after the fact in government watchdog reports years after he left the bureau. But then comey claiming it was quote, run by the book. All this leading republicans to ask how can comey know so little about an investigation he launch and ran, when it was comey who pushed for the Mueller Probe in the first place . Joining us republican congressman doug collins from house judiciary how the democrats are mounting an even bigger pushback to stonewall president Trumps Supreme Court nominee amy coney barrett. Former federal prosecutor jim trusty on dni ratcliff declassifying information that indicates u. S. Intelligence had evidence from russia in the summer of 2016 that Hillary Clinton and her team had personally signed off on a plan to make up the russia collusion story in order to damage trump an distract from her own personal email scandals. That president obama kne
Coming up. The future of the Supreme Court hangs in the balance the death of Justice Ruth Bader ginsburg sparking political debate plus her friendship with Antonin Scalia coming up and Kayleigh Mcenany is here and eugene will join me at 8 a. M. Eastern. Mornings with maria is live right now this monday morning. Global markets this morning under selling pressure underway this morning, the down 207 points and cac down 153 and dax in germany down 400 points. 402 loir concerns of growing about u. K. Economy and it is going to go into a second lockdown over the coronavirus cases as they rise. People in the u. K. Who violate selfisolation rules face fines now of up to 13,000. In asia overnight decline acrossed board there as we also on heels of three straight weeks of decline in the u. S. , as you can see japan is closed for a holiday, but the worst performer in hong kong hang seng index down beaters than 2 . Hang seng down 2. As hsb shares slide to a 25year low. Weve got the news on bank th