Indicating it. We are a few days in december, and clearly we get no respite for the holidays. There is no question about that. An extraordinary 46 minute video from the president last night, hugely commented on in washington. Attorney general barr, you wonder how he gets through the weekend with the president. I agree with you, this french issue is not a small matter. Memory of if in the that macron decided to rip a page out of the textbook from 30 years ago. Francine we will have a lot more on the dynamics of europe and france, but lets get straight to bloomberg first written with with rickets with or take a group with ritika gupta. Nancy pelosi and Chuck Schumer are backing a bipartisan stimulus plan. They see the proposal from house and Senate Lawmakers with a new round of negotiations. The plan calls for 908 billion dollars in spending, less than what democrats want, increased from the number being floated by Senate Majority leader mitch mcconnell. The u. S. Has had its deadliest d
That really has been down to currencies. The dollar index is up at the moment, but if you look at it over 24 hours, actually, its down by. 3 ,. 4 percent. One of the main beneficiaries of crown weakness has been strength. Sterling has been propelled about 1. 5 in the last day or thereabouts. The dollar weakness has been felt with the yen also moving to the upside. Theres another reason we are seeing upside on equities in japan. Gold not a major beneficiary, though it was at oneweek highs at one stage after the dollar was sagging earlier on. Thats a look at markets. Lets head over to tom. Tom lets get you up to speed with some of the other first word headlines. The Trump Administration is ramping up tensions with china once again, designating six asnland Media Outlets foreign which it says are controlled by beijing. They include the economic daily, which provides a look at beijing economic news. The Administration Says all six are substantially owned or by atively controlled foreign gov
1800743cnbc. Or tweet me. Maybe it is take your parents to workday. The dow is down 98 s p is declining at 2 . Another strong day if you are over the age of 40, the only way to catch the bigge biggest winner is to stay in touch with your children i am always crediting my four blended family kids ideas that i would never picked up at all without them thats right children make you a better investor look at snap the parent of snap chat rocking 30 higher after reporting a stunning revenue of a much better expected earnings gilead up 90 . This is all the people talk about today. That user growth is everything we had brilliant advertisements. Hes claiming a small window of time that we can create havoc that lasts a lifetime. Once you passed 25, you are much likely to switch to a new shampoo or tooth paste so how do advertisements reached the younger demo now we have a whole generations who cant stand commercials especially snap chat advertisers want those eye balls before those how do i know
0. 719 andrew and we have numbers to bring you this morning from United Health group just out with its quarterly numbers. Reporting Quarterly Earnings of 3. 51 per share. It beat the consensus estimate of 3. 09 revenue also above forecasts, saying that medical care trends that had been disrupted by the pandemic are moving closer to normal you are looking at that stock up just marginally this morning and we have three more financials, bank of america this hour, Goldman Sachs in the 7 00 hour and then wells fargo in the 8 00 hour. Joe. Thankthanks, andrew. Another Clinical Trial halted over safety concerns, eli lilly late stage trial has been paused by u. S. Health regulation tors it used a Health Sample from one the first patients recovered from coronavirus ill given you more details. Because it leaves out something important. Of the trials ongoing of the antibody, they decided to add remdesivir along with the antibody and that is when they had to halt the trial for some kind of safety
Richard we think the additional fiscal support will likely be needed. I think, it is very clear that the cares act, which passed in march was a historic government response to a historic crisis. A thrill that a 3 billion dollar package provided significant support to the economy. The economy has made a lot of progress, about 11 million jobs have returned, but there is a deep hole. Steve, theng us is portfolio manager. I wonder if you can piece those two things those two things together. It seems like there is still a rotation. Fed official after fed official are calling for more fiscal stimulus that we will not get. Steve i think we are going to get it, but not before the election, because i think it is a political football, and now you have the Supreme Court battle that will show us that will suck all of the air out of the room. After the election, or in the new congress if one side or the other scores a victory. You will get additional fiscal support. I think it makes sense, the econ