Second prison . No, but i mean, he cant hurt me a country that bills itself as the worlds oldest democracy we sure do love a strong man. And from teddy roosevelt, all the way up to our Reality Tv President nowhere produces more of them than the Empire State and i got it in an age where Congresss Approval Rating hovering somewhere around sewer rants, we want to vote for the politician who can finally just get things done that was Elliot Spitzer to a tee but when New Yorkers sent the sheriff of Wall Street to the Governors Mansion we all learned the hard way that white nights can have dark Secrets Spitzer was caught breaking his own Sex Work laws. A level of hypocrisy we could never forget Eliot Spitzer blazed a trail through New York that had him in Spitting Distance of the white House Right up until the moment he set himself on Fire Sound like the setup for a bad joke, but bear with me do you see the New York you dream of begins tonight so theres this honest politician named Eliot Spit
Even though the gains have been so big, up until now it doesnt mean you should bail out and not get in on the game. I do wonder, jon, especially if we dont get a fiscal support package, especially if we do get increased deterioration in the economic data, i do wonder if well see a change in sentiment. Jonathan what if we get more restrictions . California, the governor, mr. Newsome had this to say yesterday. If these trends continue well have to take much more dramatic, arguably drastic action. If hes implying they might have to have a shelter in place order like back in spring or a flavor version of that, how do we get through that if we dont have the fiscal hand down from d. C. . Thats the question going into december and 2021 . Lisa the markets have shrugged this off completely. The deterioration some of the High Frequency data. If you want to look at the v shape recovery check out manufacturing which brings us to what we are looking at today. U. S. Manufacturing data, construction,
Vaccine. I love what Greg Valliere published minutes ago, where he says this is a humanitarian crisis, and another word he uses in his terse note is acceleration. Not only acceleration of chases and deaths, but this is about the medical industry and the hospitalizations. Peter hotez scheduled to be with us later this morning. Jonathan in various places around the country, the Health Care System is being overwhelmed. The caseload has gone from about 77,000 at the start of this around 150,000. Silent, anduse is congress isnt looking at a fiscal package right now. They are looking at nominating judy shelton to the Federal Reserve. For this market, the policy focus isnt there. Tom what is interesting is the incongruence of the president and the care he got at walter reed, whereas from sea to shining sea, it is not happening. I cannot convey the strangeness of american media, election, election, election, and below the fold is here is the mass of the pandemic. Jonathan weve got a crisis. In
Donald trump and joe biden face off for the 1st time in the u. S. President ial debates. With fellow very still gripped in a political crisis the french president makes the countrys self exiled Opposition Leader and agrees to mediate in negotiations. And watching r. T. International neil harvey on the team will be back with your close a morning run down and then our best to stay tuned for the kaiser. Hey you know back in 2008 when the had the Global Financial crisis and banks went under Lehman Brothers bear stearns and some European Banks are going to go under that old like meetings all the weekend long and the policy was not to reform banks but to give them a bigger credit line 1020. 00 times bigger at the time we said you know it intended 12 years so if theres going to happen but a lot bigger well here we are 12 years later and the states are just as you said. Its all unraveling again especially with European Banks because they are not the center of the empire they are not rome they
Absolutely extraordinary. I know lisa is going to touch on this. Can we all focus a moment on 800,000 in claims at 8 30 . What is still involved in our politics and our markets is a labor economy that is, to be polite, fragile. Jonathan secretary mnuchin throwing some cold water over that. We need to talk about the new restrictions across the continent in europe. The economic recovery in europe was already fragile, already stalling. These restrictions will make that worse. Tom ive so glad you bring this up. You and i have been going back and forth on this since you got up at 9 00 a. M. London time. What i really want to focus on is the federal solution and application in europe versus the statebystate solution in america. Is that accurate . Jonathan youve also got the local issues in the United Kingdom that have really brought london into the equation. The north of the country was facing much tougher restrictions , looking down to london and asking, what about them . The answer is lond