Enter the county. This is bulls and bears. I am david asman, a fourth unprecedented halt to trading today, after s p 500 plunged 7 that happen during the Task Force Briefing this afternoon, we go to Kristina Partsinevelos at New York Stock Exchange. We got word that they will close the trading floor, wonder how traders feel about that. Reporter a lot of people surprised, you find out via media, there was app emai an el that circulated after market closed had. , saying two people tested positive for covid19. Since monday we have screening here at New York Stock Exchange, they take your temperature, on your forehead, a floor trader that tested positive was caught on the front e entrance, they he not been on the floor this week. I can not confirm they were not on the floor last week, that is a big question mark. And supposedly someone else in the building tested positive, wire goin go were going all electronic as of monday, note tomorrow could not friday, but as of monday. The big questio
Crude is rebounding a little bit after a couple of days of a selloff. The euro is weakening against the dollar because the u. S. Dollar has been strengthening so much over the past few days. That yield curve spread is actually widening for a change. Its up a little bit. I have been watching this. The greek has come down. It has gone down about 4. 5 . David that is remarkable. It is jobs day. We are going to get those u. S. Jobs numbers for november. Spacex will be launching a falcon 9 rocket to deliver cargo to the International Space station. When bitcoin day it comes to wall street. Futures contracts on the cryptocurrencies, the banks are figuring out how theyre going to respond to all of this. Its time to our first take. We discussed the top three stories of the morning. Up first is the deal on brexit. Theresa may got the goahead it. The second story, the rise in the u. S. Stock market pointing to more gains through the end of the year. , u. S. G news coming out jobs numbers for nov
We are about 30 minutes out from the open in china and hong kong. Very interesting couple of days to come. We are keenly watching the u. S. Inflation report. Disappoints if cpi to a market that has been awkwardly repricing. Were also passing these comments from jay powell is saying that nothing has changed. Also a reminder, the last trading day for mainland markets before they shut down for the oneweek holiday. The last trading day of the year of the rooster. A modest recovery story playing out a link the lead from wall street. David, it is a busy day in terms of investors passing the data. David there is a lot of data coming through. As you alluded to, there is an Inflation Report that we are stuck between that. We are waiting to exhale or to gasp. Yes, you are getting gains but they are capped. Across the getting likes of gold, the dollar is back below one. 08. 1. 08. That is essentially a picture across the region. Little higher on the regional benchmark. We have malaysia gdp still
Cutting the top earner rate to 35 and are leaving it to congress whether to provide create a higher bracket. Our bloomberg reporter has been for a while and is on capitol hill. They get got a uniform frame hold. Is this possible . Sahil it is not clear that it is possible right now. Right now this plan is a lot of sugar and not a lot of spinach. Of course people want to lower their rates and add additional benefits like lowering the standard deduction, but we are talking about multiple trillions of dollars. It would be a huge hit to the treasury if they passed it as is without eliminating loopholes and carveouts they say they will. I do not see how they can do it mathematically. Shery any details at all on how they plan to effect those rate cuts . Sahil they are talking about eliminating itemized reductions rather than mortgage and charitable giving. Implies the elimination of the state and local tax level. That is going to run into some headwinds among republicans. It is mostly blue s
David i dont consider myself a journalist. And nobody else would consider myself a journalist. I began to take on the life of being an interviewer even though i have a day job of running a private equity firm. How do you define leadership . What is it that makes somebody tick . You have now had to follow bill gates and steve ballmer, to two legendary figures. Did you feel you were ready for the job following those legends . Or were you saying i could do a better job than they did . Satya the best advice i got from both bill and to steve i think helped me a lot. The clear message was dont try , to be like us. Dont even bother to sort of say, i am succeeding these people. Just be your own. In fact i remember very , distinctly, even during the interview process the board was conducting, they asked me if i wanted to be ceo. I said only if you want me to be the ceo. The feedback i got was that people who want to be ceos are like i want to be ceo. ,that is not me. I talked to steve and he sa