The next 100 days. Tom the transition challenges are simple. He needs a single letter out of gsa and that has not happened yet. We will do with Greg Valliere a on this in a moment. There are still four states with under a 1 count, and that is really what matters around all the hoopla. Francine it certainly does. Lets get straight to the bloomberg first word news in new york city with ritika gupta. Biden is launching his transition effort while President Trump continues legal challenges over the election. The news media declared biden the winner of the president ial election on saturday. The former Vice President won or was leading in states that would give him more than 270 electoral votes needed for victory. Meanwhile, the president has falsely claimed victory whilst saying there was widespread in legal voting. He has not offered any evidence. President elect joe biden will take the first step to one of his Biggest Campaign promises today, to bring the Coronavirus Crisis under control
13 days out to the election. Weve got lots in this hour. Wendy schiller of Brown University will join us on the changing political landscape. There is Market Movement today. We will talk equities in a moment with james bevan. I love his work on a more longterm perspective. Lets go shortterm. Where in the bond market argue focused . Jonathan long end, of course. Front end anchored, a bit of a snooze. And youre starting to break out a bit over the last 24 hours, just north of 80 basis points. Just around 95 was the intraday high in june. We have not reclaimed that level. Whenever we see a price move like this, it is a bit more fuel for the reflation narrative. It is price first, narrative second. Tom i saw just a little bit breaking out to higher inflation. What is the significance of the vanilla spread, the difference between the 10 year and the twoyear yield, back to march of 2018 . Jonathan jonathan steeper, and the five year versus the 30 year, also steeper. I think weve got to get m
Economists are desperate to get clarity on the labor economy. We will ramp up coverage until jobs day later in the week. Lets get to the bloomberg first word news in new york city with ritika gupta. Ritika president is denouncing a blockbuster report on his taxes as fake news. According to the New York Times, the present page 750 on u. S. Income taxes in 2016 and 2017. The paper says he reportedly lost millions of dollars from his golf courses, and is hundreds of millions of debt and is in hundreds of millions of debt this coming june. Democrats are previewing the to oppose the confirmation to Supreme Court nominee amy coney barrett. By zeroing in on the risk to Americans Health care coverage. The Supreme Court will hear a case in november that could lead to obamacare being ended. Regardless, that confirmation seems assured because republicans have a majority in the senate. The Trump Administration has suffered a setback in its showdown with tiktok. A federal judge has temporarily bloc
Comparison to the United States. I think comparisons across europe may be a little more challenging to make and put in a positive light. That has certainly been the focus and the delay to locking down the country certainly was an area of real criticism for the government. I suppose this morning, we are also focused on what is going on near to you in terms of hurricane laura building across the atlantic and a ready to make landfall. We are watching louisiana, watching texas. We get this red headline across the bloomberg from the Hurricane Center saying laura is seen rapidly strengthening to category four hurricane. This is new information this morning. That is a big number. Hurricane 4 is much bigger than a hurricane 2. 4 is getting very, very serious. This is the acceleration north , west the gulf of mexico of new orleans as well. In new york city, always quite good with our first word news. On the second night of the Republican National convention, speakers tried to humanize President
With us during the pandemic. Im basically living in a failed tv pilot, and i know about that kind of thing. Honestly though, weve really bonded over the past few months, had a lot of chats about life lessons. Like, i think its important for dads to be open about their failures. Which was easy for me, i told them to go on youtube and search for rob lowe Academy Awards 1989. And of course, we also get to share our triumphs. And we have one tonight. Last night here on the show, i mentioned a great injustice had been done to me by my beloved l. A. Dodgers. They have a Program Going right now where you pay to have a cardboard cutout of yourself put in the seats at dodger stadium, and all the money goes to the Los Angeles Dodgers foundation. So i did it, and they gave me a great spot behind home plate, until i was abruptly removed and replaced with a cardboard cutout of guillermo. I swear, this is not a joke. This actually happened and it was unacceptable on every level. But i received an ou