Slightly as the drugmaker did say it will seek that approval for an emergency use for its vaccine by late november. As carl mentioned, wall street looking to snap a threeday losing streak. September retail sales delivering a big beat. Futures up this morning. Carl david and leslie, a couple of things working in the bulls favor today. Three days down. A little bit of room to bounce back on the upside, david. But futures were slightly negative, then we got that open letter from pfizer, saying that we could be looking at potentially a request for an eua by mid to late november and retail sales with that blowout number for the month and year on year the figures, david, reflect a consumer that has put together a nest egg during the course of the summer, and that is continuing to provide some momentum for the consumer. It is funny, i go back to that interview i did with david berman of maybe six weeks ago already, but somebody who tracks retail sales, more closely perhaps than anyone. And in
End into the weekend, major curve flattening. Francine yes, major curve flattening. We will analyze that during surveillance. For first word news in new york city, here is viviana hurtado. Hi, viviana. Viviana the coronavirus epidemic has entered a new phase in cases outside of china is quickly are quickly multiplying. South korea and japan closing in on 100 cases. China, though, still the center of the crisis. Roughly 75,000 infections have been reported, but the new number of cases declining. Intelligence officials reporting the u. S. Congress russia is trump to get donald reelected. The president was angered by the disclosure, reportedly claiming the democrats will use it against him. Donald trump said he will not immediately pardon his former associate an ally, roger stone, still, if courts do not overturn his conviction, President Trump said he will intervene in the case. Mr. Stone was charged for lying to congress and witness tampering. Wells fargo, bloomberg learning it is set t
Change. Gold continuing to rise. Guy curve flattening a big piece of the landscape. Eurodollar spiking on the back of pmi data, i think the weakest number since 2013. I think we dont get ism until the week after next in the United States. Eurodollar with a 1. 08 handle. We just had a 1. 07 handle earlier in the session. Wasgerman tenyear significantly on offer. Pmi data out of europe much better than anticipated, so we have seen a turnaround when it comes to the german tenyear. 0. 7 s in europe down 0. 6 , depending on which market you pick. We are and again negative week in europe for equities. Vonnie coronavirus outbreak also accelerates outside of china. Japan seeing outbreaks with no direct links to china, and the preliminary markets perching markets purchasing managers indicating in february. Deputyinel is with us, cio from state street global advisors. 0. 5 thise yield down year alone. What is it telling you that the s p 500 is very close to a record, and bond yields are at recor
In services, we saw our first contraction, and that has put jitters into the market, not least of which, into the treasury market. We saw the 30 year yield hit a record low190 1. 90 and change. Guy this is what is happening in europe. Stocks are down. You are seeing around the world. The fear is definitely there when it comes to what is happening with the coronavirus. The data out of united states. Has comen tenyear back to unchanged right now. We are seeing a bigger reaction on the u. S. Curve, but curves are flattening, and that is a factor. The pmi data in europe was actually ok today. What you have seen as a result is the u. S. Pmi data has been a significant squeeze in eurodollar. Onedollar now trading at 1. 0854ight cents at now. Vonnie lets get to bloombergs Sophie Kamaruddin. She joins us from hong kong. What is the latest . What are authorities telling their citizens . Sophie we saw some revisions upward. Hubei province upping its count for the past two days, increasing confir
Perhaps better than most, he feels Public Safety power shutoffs are not the answer. The message is we can do better. Pg e needs to be held accountable. Reporter and another meeting is scheduled next week. The cpuc is expected to take a closer look at the ways the shut kbraufs a shutoffs and notifications did not go as expected. Somebody from the county will definitely be there. Thanks. Meantime, investigators confirmed today that pg e equipment started a grass fire that burned down the lafayette tennis club. That burned during intense winds and prompted evacuations. The fire marshal said a transformer failed sending sparks into the brush and igniting spot fires across town. The kincade fire is now fully contained, though it will still be a while before the fire is out completely. It burned nearly 78,000 acres and destroyed 174 homes. All evacuations have been lifted. However, a Public Health order is still in place in Sonoma County because of the Hazardous Waste left by the fire. Count