You will do a data check better than me. What i would look at is the news flow that is out there, and the clear message i get in every conversation is corporations are adapting and adjusting to a slowing economy knowing theres vaccines are out there. Obviously, the celebration yesterday. Jonathan and that is the market celebration, societys celebration about the outlook, not the here and now. President elect joe biden talking about a dark are to come a dark winter to come. Saying he bold might be full. Just a little bit of pessimism, or at least questioning the euphoria of the last couple of weeks. Tom you see it in the minutia right now. Spx and dow have green on the have red on the screen. The nasdaq has green on the screen. The real debate is what happens second and Third Quarter next year. That is what all of the yearend outlooks are going to be. I know you read every word of every yearend outlook. Jonathan i wonder how many will have to be rewritten over the next few months. Tom i
Today toe all of you extorting there news flow. An to an extraordinary news flow. An election in five days. Markets, there they are, and reversal. You see it in the futures of the s p 500. Jonathan we are down five on the s p 500, 0. 2 . The bounce in europe was never convincing, and the bounce in the United States has not held up. Eurodollar clinging to a 1. 17 handle. The ecb is getting what it once for all the wrong reasons. A weaker euro for a fourth straight session off the back of more restrictions in germany and france in the past day. A 1. 16 handle, that will be symbolic. Of course, distracted by the death in nice. Lisa abramowicz, what was so clear yesterday was that the bond market did not move, and that it did. Lisa to me, this is the story of the week. Weve got very hardcore risk off in response to very real threats of a widening pandemic. Treasuries are not the hedge they used to be. Yields rose yesterday, which is exactly the opposite of what they traditionally do when s
And say there was not a lot of politics or policy. Look at the post to see who won, but the wider implication is that it was chaotic. It was acrimonious. Think it is going to be hard to get a clearcut winner, or certainly it will be tense. Coverage in washington, driving the story forward to october 15. A town hall meeting in miami. First world news in new york city, here is ritika gupta. Ritika it was billed as the first president ial debate, but last nights event in cleveland quickly slipped into chaos. Insults drowned out ideas. At one point, President Trump and joe biden battled over coronavirus. He knew it was a deadly disease. What did he do . He is on tape acknowledging he knew it. He didnt give us a warning because he didnt want to panic the people. You dont panic, he panicked. The only thing i have not done a good job, thats because of the fake news. Better what you say, they give you fake press. They give you good press and they give me a press because that is the way it is.
Optimism come around the trade deal. I feel like i have said that before. We will continue to monitor. Tom we are going to monitor all day. The news flow is extraordinary. Kevin cirilli is ready to travel to nashville for that debate. That is tomorrow with all sorts of news overnight in the United States and frankly around the world. Just one data point we will talk about in a moment. Renminbi out to new strength. Right now in new york city with first word news, here is ritika gupta. Ritika nancy pelosi and Steven Mnuchin are moving closer to a deal on a new stemless package. Alysia hope she can get an agreement this week. That is crucial to getting a bill passed by pull losey hope she can get an agreement this week. Theh mcconnell is warning white house against a pelosi led deal by the end of the month. Trumps campaign has burned through almost all of its money through september. His campaign cut back on advertising in some key battleground states for a while. Department antitrust law
All of the effort back and forth over the weekend. I would really focus on the immediacy of the calendar forward. Weve got the Vice President ial debate on wednesday. 10 days out to a president ial debate, i believe still scheduled. Jonathan so far. Tom and in 29 days, the election. I think those are the numbers that get everyones attention this morning. The National Polling not looking good for the president of the United States. On twitter right now, that is the campaign for the president right now, knowing what these polls look like at the moment. Tom around 10 00 make it around 10, weve got a new tweet. 91 approval rating. Vote these are short bursts of tweets , i guess showing the action that he wants to come out of walter reed this morning. Jonathan and hit became pin trail, virtually speaking hit the campaign trail, virtually speaking. Lisa to me, really interesting to see the momentum, how much it is slowing. We saw signs of than the jobs report. U. S. We will get a read on sep