We said tuesday night we knew there would be an effort to count votes that will extend through the week, and now was not the time to get ahead of ourselves. This is how the electoral process is supposed to work. These votes are being counted that were cast in places like arizona. Stage votes were people dropped off ballots on election day. They were set aside, there love the last ones to count, they have a different look to them than the ones cast in advance of the election. We see joe bidens lead diminishing in arizona. In pennsylvania, they set aside all of the early votes and counted the election day votes first, which looked good for donald trump. Now they are counting those ballots that came in later through the electoral vote process, through the early vote process, and it looks much better for joe biden. Until the votes are done, this election is incredibly close, just like in 2016 we have to be patient to decide who the end is. I would say all indication in each of these open s
Copies at the link and the chat at the right of your screen and the link provided on the website. As isabel and john are talking please submit your questions there is a q a feature at the bottom of the screen and we have six or seven of them or until time allows, the pulse o pulitze in new york bestseller, her debut work when the National Book Critics Award for nonfiction and was named ten best nonfictions of 2010 as well as in your time nonfiction of all time. She has taught at princeton and Boston University and more than 200 other colleges and universities across the United States europe and asia, half the origins of her discontent receiving critical claim and no doubt want to accolades, interviewing this evening is john meeting appoints a prizewinning biographer he is a shooting writer for the New York Times book review and contribute in editor of Time Magazine in the New York Times bestseller the hope of glory, the american odyssey of George Herbert walker bush, Thomas Jefferson a
Europe, up by 2. 5 . Todays number from barclays, very strong. We are going to hear from jes staley a little later in the program, our interview from early round. The pound bouncing around all over the place. We were into 1. 31. I think this is broad Dollar Strength rather than anything else. Take a look at the bloomberg dollar index. Alix rising covid cases impacting the economic data. Composite pmi for the euro area dropping below the 50 mark, which shows contraction. Meeting. O ecbs next joining us is john hardy, Saxo Bank Head of fx strategy. Does 1. 18 make sense for when you consider the rising uncertainty . John of course, the pressure should be on the downside given the covid resurgence. I think the general take on the could be that if we are seeing this democrat sweep scenario, we are positioning for a weaker dollar for some time in the future. Anything looks fair between 1. 17, and to me, this is the upper area of where we should be. We shouldnt be doing anything and eurodoll
Listen to richard haas the prolific author and academically came out with another book entitled the world. A brief history and 300 pages its departure but i want to start because only after you turned and manuscript the world was confronted by the covidien pandemic and since that happened this crisis has highlighted so many of the themes and concepts that you tackle in the book. I just want to ask you out right what does the pandemic tell us about the world right now . Thank you for doing this also thank you to everyone on this call we hope everybody is well and safe as we get through this one day at a time its like groundhog day. With the pandemic tells us first and foremost is that the world matters and that is obvious were member of the council on Foreign Relations the world matters and what happens around the world doesnt stay there now its a small city in china where the virus broke out spread through china and then to the United States and elsewhere around the world, 9 11 it was
Reports out of earnings. Some ceos talking about china being slow to recover, for example. Seeing the pace picked up at a very slow rate. We also have the Economic Data this morning, personal spending down 7. 5 in the united states. Compoundingdp data yesterday. That said, the 10 year yield us to let 60 basis points the fed and the ecb are doing all they could possibly do to keep the Financial Markets working. To point out. Ocks tesla up 4. 3 , just one exhibit 11 Earnings Report investors were cheered by, even though there are plenty of challenges facing tesla ahead. Twitter reported advertising revenue down about 1 4, and even though monthly and daily subscribers are up, the advertising revenue is very concerning to investors. That stock down more than 5 . Lets talk more about the ecb. The central bank is absently front and center. The data out of the euro zone today, 3. 8 in the First Quarter, the fastest contraction we have ever seen. The ecb now seeing a series of longterm loans f