Foreign policy. Im tired. Ray, thank you for joining me. E. U. Leaders have not managed to end a diplomatic route that is stalling its long term budget and the release of a message and see coronavirus stimulus funding. Now poland and hungary are unhappy about plans that would allow the e. U. To block payments to countries that it decides are corrupt or violate the rule of law. Now the 2 countries say that these takut stem, the deadlock, involves some 1. 8, trillion euros, nearly half of which is aimed at helping the e. U. Deal with the effects of the pandemic. Possible to need to do in this hugging room is providing some comfort. The 2nd wave of covert 19 is heating italy just as hard as the 1st wave did in the spring, and the economic consequences are equally rough. Italy, along with many other e. U. States, is anxiously awaiting a multimillion euro e. U. Finance package to help ease the coded 19 crisis. But the funds are being blocked at a Virtual Summit on thursday. Hungary and pola
Current plan. Stimulus will focus on active purchases on longterm loans. A move comes after months of a near fivefold rally in the stock which just soared. 9 00 a. M. In dubai. 6 00 a. M. In london. What is a vaccine . Essentially a hedge against lockdown, if it is delivered in a timely and high efficacy manner. Medley Global Advisors put this together. Starting toion is look like a syncopated move. Vaccine moving into the next trial period is going to help the situation. That is the backdrop to markets. Why are we giving up a little bit of value . Let me show you whats going on. Record after record on the s p rotate, wetime to will ask our guests. S p futures slightly later. At the moment, there is a little prevarication at the Solution Fund for europe. There you go. We are transitioning from a defensive bond market to a cyclical offensive market. Have a look at what is going on. I love the citigroup note on the dollar. As far as they concerned, a vaccine is checking off all the boxes
He challenges are credible story starts december 10th, g. W. Can the e. U. Agree on a fiscal response to the code 19 crisis National Interest on the new budget, which includes a much needed 751000 rescue funds . We talked to a number of germanys Economic Council also coming up a sooner than expected vaccine approval. We get some reaction from the Trading Floor deal or no deal. Time is running out for brussels in london to ensure its trades come january the 1st along. Welcome to do business on want to get johns in berlin. Good to have you with us. Well, your leaders in brussels today are trying to fire. Emily, reach an agreement over the blocks, coronavirus Pandemic Response and possible Financial Aid for the hardest hit Member States. Hungary and poland have so far blocked approval of the e. U. s budget, which included a 750000000000. 00 euro coleridge recovery fund. As the political wrangling continues, Member States have adopted their own fiscal stimulus measures to support their eco
New york city to your couch somewhere in the world, this is the daily social distancing show with trevor noah. Trevor right now, the only news america is talking about is the passing of Ruth Bader Ginsburg. Aka the notorious r. B. G. As im sure you know, the Iconic Supreme Court justice died over the weekend at the age of 87. A little bit later on in the show, we will talk about her life and legacy. But first we have to start with the allout war brewing over her reblame it because you may remember that when Justice Antonin Scalia died nine months before the 2016 election and president obama tried to replace him with merrick garland, Mitch Mcconnell and the g. O. P. Blocked it, and their reasoning was a Supreme Court vacancy so close to an election should be held for the next president so that the people can decide. Well, you might want to s. A. T. Down for this one because, guess what theyre saying now . President donald trump and his republican allies are forging full speed ahead to n
So lets dive right in. And we leave the program with the latest in the breakfast saga could the United Kingdom finish the process without a trade deal with the e. U. October 15th was the deadline for trade talks to wrap up and now the possibility of no deal seems more likely after the European Union says that while it will make every effort to come to a trade deal before the u. K. Brets that it will not compromise at any cost. Im. An agreement is in everyones interests the e. U. Is united in striving to achieve this in the short Time Available but we must unfortunately also prepare for the case that no agreement is reached we do think that is very or. On the present issue sure im closest friend relationship. Is key so that you mean it might be right its my keeping mo farahs. We. Also see in. This market axis or service that it is crucial to reach a deal both in the interests of the u. K. And the European Union Going Forward both spoke for the economy. Our future generation but also bec