Was when the ceiling went. It is interesting to see reporter what is happening in the bond market. To see what is happening in the bond market. We have seen curve flattening throughout most of this week. We see a little bit of steepening today on the back of the payroll number. We see that ripple around the world, and that is reflected in the german 30 year. Twostens in the state basically back to where they were almost a month ago. Alix thanks very much. The s p now dropping like a stone. House Speaker Nancy Pelosi speaking right now. She is saying to everyone, be calm, be confident, be patient, but she did call biden president elect biden, having a strong mandate to lead. She says she is hoping republicans can come back to the table on stimulus. Moments ago, we also heard from larry kudlow as well that they also wanted to try to move forward on stimulus and come to some kind of agreement. Will they or wont they is really the big question, what the s p taking a nosedive as we are stil
We are awaiting updates from the keystone state this hour. We are expecting former Vice President joe biden to speak in prime time. First, the u. S. Stock market close the week with gains. The s p and nasdaq having both their best week since april hold into next week. Lets get the latest from Sarah Ponczek from new york. Investors dont seem to care about the uncertainty of the president ial election. Sarah they do not seem to care. Today, we did see a slowing in the rally. Look at where the major indexes didnt today. The dow element lower, the russell 2000 and smallcap cages lower by 1 or so. The constant remains that tech holds that leadership position. Albeit a small gain. It is unbelievable to watch the best weeks since april the 9 . Up 7 , the nasdaq up even though we have this delayed election result and we are not going to get a blue suite, still on question a little bit as it stands but with the outlook we have, markets do seem to be happy with it, even though last week it was i
The careful counting of every ballot. Mr. Biden asks for every ballot to be counted, mr. Trump says he will go to the Supreme Court. Good morning. The news flowing every hour. Francine lacqua, it is pretty much as we expected, and we have not only seen the political results but the market gyrations in the last 24 hours. Francine tom, there are two outcomes the markets were fearful about, and those outcomes can much more possible in the last 24 hours. First, the joe biden presidency with a Republican Senate. We could have that. It is still mathematically possible. The other one, of course come a very contested election. If you listen to what President Trump said about an hour and 10 minutes ago, it is very clear that he wanted to go to the Supreme Court, ask that the Supreme Court step in, because unclear why, tom, because we are still counting votes. There is absolutely no evidence that something has been done wrong, but certainly fighting words from President Trump, and that will put
Smashing it. Mike mckee is here to break it down. Brian it may be michael it may be too late to influence the president ial election, but certainly influencing the way the markets are going to trade because this is a big number. In october. We thought it would be 56, but this blows that away. New orders, 67 point nine from 60. 2. Production, 63 from 61. For the First Time Since july 2019, we are seeing employment well for with augurs this fridays numbers. Maybe we get some positive manufacturing. Prices paid still rising. Hard to know exactly what that means in terms of long red inflation since we do have the confusions of the covid case. Is it a shortage of materials, a pipeline problem, or are we actually see in prices going up . Likets for the year, looks the new export orders goes up to 55. 7 from 54. 3. That will take a hit from the lockdowns in europe. Overall, this is a very good number for the economy going forward. Alix how much is it like we have seen in europe, where manufac
Television worldwide, good morning. 11 days to go on the election. What are we trying to do . We are trying to get through friday. This is a serious time, a serious debate last night. This pandemic has worsened worldwide. The challenge of a 3 trillion deficits. The civility of last night was noted. Jonathan it was civil. It was muted. But stark differences on the outlook, particularly over covid. The president promising a vaccine within weeks, and biden focusing on the failures of the administration and the winter ahead of us. The Vice President talking about winning hope over fear. That really goes to one of the themes this week we havent talked about, which is the partition of economic america. Lisa the idea that the jobless rate perhaps is going down, but stagnant at one rate. We got those initial jobless claims. The number of permanently unemployed americans, frankly those around the world, is increasing. It is going to take a long time to remedy some of the scarring taking place.