Or thanks so much for being with us and my guests here in the studio are stacey burns from de w. C. U. S. Election team. Who says joe biden must realize that americas allies are looking for a team player a no. A team leader also with us is jamie fly from the German Marshall Fund to form a visor on Foreign Policy to president george w. Bush. Who argues that america will remain divided and distracted under President Biden. And that will harm its ability to partner with allies. And a very warm welcome to the crew. So far, marshall, chief Diplomatic Correspondent of the berlin daily times should be go. He argues that under President Biden, relations with germany, and europe might be a little less abrasive. But do monks greater commitment from brussels will remain and thank you all 3 for being here today, this plenty to talk about. So lets get going. Stay, see, is there any doubt in your mind that joe biden has won the president ial election . Not at all. The numbers are just not and presid
Boiling point. The t p l f. Defied obvious decision to postpone national polls. Juta the coronavirus pandemic. In september they went ahead with elections and to grow, which they control. Not only the stability of ethiopia is a stake in this conflict. The country with its population of 110000000 is pivotal to the stability of the horn of africa as a whole. In 2019 he won a Nobel Peace Prize for his sweeping political reforms. And his role in brokering peace with eritrea after a bloody border war. But so far hes failed to heed the calls of the un and the African Union for a cease fire in the conflict. Lets go live to the european capital, addis ababa, where journalist summer is standing by. The un is now calling for a full inquiry into possible war crimes. What has been confirmed so far, what has been confirmed is that people are indeed dying in to great with little attention given by us. Because we cant even go and report from the site and ethiopians are happy that the un and Even Amne
But brad, welcome, its good to see you again. Great to see you. Thanks for having me. I wonder as a tech investor what you make of the nasdaq and that sector the last few days. Is it a simple correction or something more you probably saw last night i tweeted, pullback . What pullback . Precovid the multiple on the soft way growth index was about ten times sales it peaked about a week ago today were at 13 time sales were still 30 higher valuationses in software than we were before the paechbd. The same is true for growth internet precovid about 23 times next years ebitda. We peaked at about 35 times next years ebitda. Today were still at 32 times, so heart will hardly a correction in my books. Do you think some of these stocks got simply out of control in the way they went up parabolically . The characterization doesnt need to get worse. Its pretty good these are peak multiples for stocks in the middle of a Global Pandemic for most software companies, the pandemic has not accelerated th
Anyway. U. K. Minister Boris Johnson england can resume it using of lockdown rolerules. Welcome to daybreak europe. We saw a Risk Appetite shaking a little bit yesterday in terms of Global Equities. Global equities are still heading for a weekly gain. In china, the data shows the recovery led by industry rather than the consumer. Concern. T cause some initial jobless claims below one million, but you focus on the decline or the fact that the number that th remains elevated . Does that mean there is less pressure amid the stimulus talks . Not getting any direction from asian equities today. We did see a drop in the s p 500, and that drop was led by the more cyclical sectors, where we sawtek outperform. Where we saw tech outperform. Futures posting slightly positive, different to europe, where it looks like we could see another day of declines. The 10 year yield rose to an eight week high. We certainly have seen a little repricing around that, and around the real yield, which is pulled b
With erasingirting its gains. I well then drum again. 50 higheralmost volumes than usual. 21 higher. The commitment to the rally remains. Romaine we did see some precipitate dissipation. Microsoft and apple. ,oving deeper into the green amazon. Taylor participation from fallen angels, exactly what fed chair Jerome Powell wanted. The yield options adjusted spread, the sector has been the best performer of all of the highyield market. Since going back since the beginning of the year. Deutsche bank saying that the bb s trading above prepandemic levels. I want to take a look at some of those individual movers we are talking about. Casino stocks up 7 . Bank of america, as you have been mentioning, upgrading alaska and jetblue, saying that the leisure rebound is real. Saying that jetblue is a pure play on the recovery. Amazon, Online Shopping has been the biggest winner from this pandemic. Atally, we will take a look another chart inside my terminal. Caroline, i made this just for you. Globa