Cases are stuck. If you go back into lockdown, you will have a revolt. I am more interested in china. We broke the story that they are looking this was reuters they are looking a little more when it comes to renminbi. I did spend a good of time looking this up, on sunday, china clearly said it was trying to push to have a bigger international this means more pboc report. Reutersst report from we broke saying that china will remove a countercyclical factor in the yuan bay point in that direct and may point in that direction. Halt, shelf will its plan to let hedge cut to let hedge funds conceal stock holding. That is a big decision. That is just breaking. Thatll have to see where leads this morning. Futures up six. Dow futures up 20. We will do the data check in a moment. But now, first world news with ritika gupta. Ritika Amy Coney Barrett has been sworn in as a justice of the supreme court. Boothsst of two required administered. Every republican but one voted in favor. Chief Justice Jo
Lets break it down with mike mckee. Is a it is michael it little bit odd. On the headline, 100. 9 is lower than it was in the month of august or september, rather, when it was 101. 8. You would expect that maybe the present situation would be causing people concern because of the coming closures of some businesses as covid cases spike but the number comes in at 98. 9 at up from 104. 6, up from 98. 9. Turnabouting quite a in the way people are looking at the economy. The interesting thing here is this bemay see is reasonably good news for donald trump because if you are looking at the economy, stupid, as the old saying goes, you are looking at the economy as it is right now, and the economy as it is right now is better. The employment number is something Everyone Wants to look at in the set up to next week. Jobs number is an improvement, so those who think we are going to have a dismal jobs report next week might be in for a surprise, at least according to the underlying Consumer Sentim
Is looking to perform, so that has the stock nice and higher today. Of most him course of Molson Coors Brewing is leaving, the ceo be replaced by of miller coors. We want to know if the fomc can thread the needle . What does he need to get done today . Guest the first thing is 25 basis points. Everybody knows that if he doesnt cut 25, hes got a credibility problem in the markets. 25 is done. I think youd like to do 50. He and others have given indication that if youre going to do something at this point in just come its really at this level of rates, you need to go big. Weve had reasonably stable sobers from the economy, hed have a hard time getting the hawks. What it comes down to really is anything, he if announces on the Balance Sheet, and what he announces Going Forward. Guy expectations are dovish Going Forward from here. Got four rate cuts priced in at the moment. Is that too much how does he find himself some breathing room is that too much . How does he find himself some room .
Donald trump is collect ago lot of briefs in florida where a judge is being asked to dismiss the classified documents case. If georgia, another judge is deciding if fani willis should be booted from that election interference case. In new york, no less than the District Attorney is requesting more time to prepare that Hush Money Case. So many cases, so little time. Welcome. Im neil cavuto. Hard to be brief when you have all of this going on. Lets go to Steve Harrigan in fort pierce, florida with the latest on what happened in that courtroom. We understand the former president left a short time ago. Steve . Thats right, neil. Things here just wrapped up about an hour ago. This is the documents case. Documents taking to maralargo, trump and two of his aides accused of mislandling the documents yet. Theres no ruling. The judge Appointed By Trump said it wont be dismissed. It was jack smith and former President Trump in court today for several hours. Really facing off. No exchanges between
, point economist and strategist. And a big takeover for big oil. Shale giant Pioneer Natural Resources being taken over by exxon in a 60 billion tied up. Im alix steel with my cohost guy johnson, welcome to Bloomberg Markets. This is a way to end the week. Guy we always talk about the payroll number being an important number, it just proved how important it can be. Is the number bigger for you for payrolls or exxon and pioneer . Alix this is a humongous deal with big implications for dcm policy, but we will get to that. Guy it could bp per, and that is the question we should be asking. Are we at peak rates . Todays number, alix, pushes back on that idea. Bond prices pushing lower and equities down sharply that was an incredible number and the revisions, the breadth, everything about this that convinces us this is a solid number. I wonder what this market would look like if we got a solid cpi print next week as well . Alix the wage number came back a little bit matt evans is the only o