Twitter saying that many of those votes are many of those comments are misleading. We continue to feel, the senator and i, we continue to feel very good about how things stand. We have no doubt that when the count is finished, senator harris and i will be declared the winners. I asked everyone to stay calm. The process is working. The count is being completed. We will know very soon. Be following the results, live reports from pennsylvania, where we are just learning that the Truck Campaign is filing a lawsuit as votes are being counted there. Markets are extending the biggest rally since april as investors rushed back into tech. The fed is keeping results near zero. Cooper is out with ubereats is still a bright spot for cooper as the pandemic continues on. Abigail doolittle is following the rally as this election remains uncertain. It is amazing that we do not know who the president of the United States is and we are in the middle of the best week for stocks going back to april. If we
Will we had that 2 as we continue to get a trade deal . Time now for global exchange, where we bring you todays market moving news from all around the world. From hong kong to beijing, london and washington, our bloomberg voices are on the ground with todays top stories. In asia, chinese economy is showing signs of stabilization and regaining some kind of growth momentum in november. Chinas Industrial Production and retail sales both meeting estimates. Joining me on the phone is in an. Current is enda curr give me some of the details in the data dump we saw overnight. Enda these clearly signal that the economy is ending the year on a better note. 8 . Il sales climbed Industrial Production rose 6. 2 . Theres some caution around the fixed Asset Investment number, which only grew 5. 2 , but nonetheless, the take away among economists was it showed that the stimulus the government is rolling out is having some traction. There were some seasonal effects as well. But when you have a trade ag
Plus, well talk the state of electric vehicles as ev maker vinfast goes public via spac. We speak to the ceo about the deal and studio giants offer a new deal to striking writers in hollywood. Well bring you the latest reporting on that matter. But first, we dig into these markets. We look at here in the us, strong Economic Data over in china, a slowing picture, and we try and marry it all together as well as whats happening in the uk. From a macro perspective perspective, the numbers are so strong here in the us. When you look at retail sales rising, more than expected, what does that mean for a Federal Reserve that has to keep on perhaps pushing back against a very Strong Economy . Were off by half a percentage point. The nasdaq gets hit. In fact, all the major benchmarks here in the United States. On the lower side. Interestingly, though, were buying the dip when it comes to bonds. Weve seen, of course, the yields push higher over the last few days. Notable when were thinking about
Caroline we return to our new york coverage, geopolitical concerns at play. We know how difficult the conversations will be from a diplomatic perspective. Big mega caps are on the downward trajectory as yields are pressing higher as we anticipate an auction. Many anticipating they will be pushed higher as the fed will have to push back on inflationary pressures. We are seeing downward trajectory on chinese stocks traded here in the u. S. We have seen better than anticipated macro picture coming from china questioning the veracity of the data and when we plug in terms of momentum amid the geopolitical tension and the pushback of sales into china. Bitcoin is up. 73 . Ed china is the key story particularly in the context of u. S. Technology curbs to china. I want to go to asml, a proportion of their orders are coming from china so they have had to address the latest expansion of curbs. 1015 of their shipments will be impacted by these structures. The more direct impact on nvidia dropping
Being tested like never before. That, combined with populist and over thest forces all world, including here in the United States means what we tend to expect of the International Order is now open to question. Given the history of johns ,opkins and its establishment we might once again reshape international affairs. Continuesmpensation an enduring tradition of. Ialogue on the study of china we have long understood and the importance of chinas relationships around the world, and especially its relationships with the United States. Since the center opened its doors in 1986, we have shaped of u. S. Chinaades relations through our alumni, who have gone on to be global leaders. The scholarship of our esteemed leaders on china has influenced government and the private sector and we are privileged to be hearing from some of them today. Joining the Panel Discussion will be our own professor david he isthe director one of the leading scholars of china today and many institutions have benefited