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U. K. Ambassador martin bell. Martin, thanks so much for coming on. I know youre going on in your own capacity here today. Begins the g. 20 summit. Do you expect yemen to be brought up at the g 20 summit . I certainly do. There are many countries in which the powerful forces arguing against continuing to supply sophisticated systems to the saudi tend to coalition. There is deep concern in many countries, including in the u. K. About the role of the saudi led effort was about attacks on civilians. And i think in the last fight the since the war, theyve been an average of one error, a den reach 10 days, and the targeting seems to be temporary indiscriminate which crucial amine kills a bus, abbas hitch schools and so on. So the concern is the identity of the delegates will be doing their job if they, if they can find that gender of the coronavirus. While Boris Johnson is a minister liz just contended that there are isolated incidents ....
President elect joe bidens transition will start with a plan to curb coronavirus as u. S. Cases top 100,000 again. President trump with legal challenges. Riskon kicks up again. Global equities head for records on optimism which abound on the Biden Administration. The dollar is weaker. Itsman sachs slashes target. Global response. She looks forward to remove partnership. Angela merkel says the transatlantic friendship is indispensable. Good morning from dubai. Great to be back together with you. I was watching you this friday from the gym as usual. This market has not got a concession speech. This market is euphoric. This market could be seriously misguided. They take us to a moment that the reflation trade, you might have to wait until the end of the Second Quarter so if you look at bernstein, goldmans, they are all saying the same thing. The reflation trade might be st ....
Been absolutely lights out. The best november since time began, and maybe that is what we have, whatever you view on the election. But with the bombshell from pfizer on a vaccine, the market goes straight up. The president radio salad for four days, and we get a tweet for fourdio silent days, and we get a tweet out this morning. In this moment, we continue to see i am going to call it a second surge of market performance. Jonathan this morning is not about the politics. It is about the science. You can take the narrative and put it in the shredder this morning. We hope at some point in the nottoodistant future, it is conclusive. That just brings the cyclicality back into this market in a huge way and breeds some life back into that rotation. The nasdaq still very much on top. It is very clear the nasdaq is not on top. The nasdaq is struggling versus the likes of the small caps. Tom we will do the data altogether this morning before we get to dr. Fazeli. The vix from 41 to 23, i have be ....
Approaching that 103 level. That would be a breach of a technical and psychological level. . 99, 2. 7 top the upside. After the biden victory, gold as well seeing three straight gains three Straight Days of gains. Joe biden preparing to take office as the 46th president of the United States. He is moving forward as president elect, launching his transition effort and readying a plan to tackle coronavirus. President trump is refusing to concede, weighing more legal challenges. The people of this nation have spoken. [applause] they have delivered a clear victory, commencing victory. A victory for we the people. I pledge to be a president who seeks not to divide, but unify. [applause] who does not the red states and blue states, only sees the United States. Our work begins with getting covid under control. Economy, repair the ....
Fromsion off of the news pfizer. Lets just frame where this market is. Ill let lisa worry about bonds. I am looking for an entry point, and i dont have one coming with s p futures out to record highs, up 120. Jonathan lets get straight to the price action of this moment. Equity futures are absolutely surging, up by 3. 3 . It is a huge turnaround. On the 30 year we go about to 88 basis points. A bit of dollar weakness back through this market, just south of 1. 19. A vaccine possibly helping us normalize this global economy. What does that mean . Bti with a 40 handle. Lisa it looks like pfizer will get some of the safety data necessary to see whether they can get some of the emergency approval to roll this out. This is what everyone has been waiting for. I simply, what is the Circuit Breaker to the surge in covid cases we have seen . Could this be yet . The market is saying yes, and the chances of higher growth, very high according ....