Higher. Eurodollar up by 0. 4 . Is the ecb getting worried at this point . 1. 2163. The dollar is broadly lower. The pound just taking out 1. 35. We havent been at these levels since this time last year. What is fascinating here is what is happening with bond markets as well. Weve basically got yields and stocks moving in the same direction. That is something that is pretty interesting now. It certainly points to this reflation trade at the moment, with the catalyst still having legs. Alix the question is how long is that last. Lets dig into some of the top stories guy was minting. Germany extending its partial lockdown. Sweden shutting some schools as well. Joining us with more is sam fazeli, Bloomberg Intelligence senior pharmaceutical analyst. We have seen more targeted lockdowns and extensions. Is any of that working now in europe . Sam yes, they are. Funny that we have countries going at different paces which is normal because they have different issues with regards to the number
The last few moments on this headline from larry kudlow, the president s top economic adviser saying that the president now wants to do a deal on stimulus lets go to washington and get filled in a little more. Scott, the president tweeted on the state of the discussions over another Coronavirus Relief package. He said that the negotiations are moving along he encourages the negotiators to go big this as you mentioned white house economic adviser larry kudlow saying that there has been a plan that president signed off on. It is relatively broad based now what we know is that House Speaker nancy pelosi and the treasury secretary are supposed to talk again sometime this afternoon. They had been in almost Constant Contact almost daily contact and we know that president said he is willing to go beyond ppp, direct checks and aid to the air Monica Lewinsky and do something bigger exactly how big . Thats what the negotiators will be talking about, im sure, during the phone call later on today.
Economic oh i see the suffering of millions of people it is a devastating. Its still not too late to do the right things but they need political will and the capacity to make decisions namely to concentrate on the place where there are ups and these really hot it made me out of a concentration in their own throat to go concentration and manage it in a way that will minimize the damage to economy in fact for. Old people while. Empowering the healthy thing this is not done so i am very critical and i think that its a major failure of that and the oh well he won you lost in the end actions and netanyahu supporters would say not only has he secured massive us subsidy to israel a 142000000000. 00 to 2019 but we more coronavirus later on he secured this socalled Abraham Accords with some arab or talk or sees hes secured the moving of the us embassy to jerusalem something you strongly supports sour grapes for you on this look here deception achievement im glad the. Went out of the closure to
Paying more than 1 billion australian to settle a Money Laundering allegation, the largest corporate find never levied in australia. Tiktok drama turns another page, owner bytedance asking a judge to halt the ban in america, Chinese State media slamming u. S. Dirty trip u. S. 30 tricks. We heard from larry kudlow in the last few minutes, downplaying expectations we will be getting any more fiscal stimulus through the pipeline, larry kudlow saying he doesnt think the u. S. Needs another stimulus package and that they will be doing targeted measures only and need to be smart about this measures. This comes after course of fed officials, including chair powell, saying there is a long way to go for the economic rebound, we heard from several others, all saying there is further need of more fiscal stimulus to do that heavy lifting. And that comes after congress ended its pursuit of a bipartisan spending bill and are now focused on replacing Ruth Bader Ginsburg on the supreme expected thisin
Program. The European Parliament has just passed a resolution urging sanctions on russia and response to the alleged assassination attempt against. The latest update a little while ago. Well what we could see essentially is tougher sanctions against russia on russians 532 m e ps voting in favor of this resolution 84 against with 72 abstentions what it could result in is asset freezes travel bans another sanctions against those that are featured in Alexei Navalny zante corruption videos could also lead to they also want to see an International Probe into what happened to alexey in the valley when they talk about an International Probe thats including the United Nations the European Union the organization for the prohibition of chemical weapons and others all to be on side with that and it talks about blocking the construction of nord stream to the gas pipeline that takes russian gas or will take russian gas under the baltic sea directly into germany earlier this week we heard from us th