Behind, but what is important is the symbols along the way, and the number one symbol is the most unloved bull market since time began. You do measure the wall of cash on the sideline. How does that feel this dow 30,000 morning . Left out,very lonely, isolated, and i imagine some of it has capitulated. We talked about a tugofwar at the start of this month when we got deposited vaccine news. Overwhelmingly now, this market is looking through the nearterm risks into year end. I had a conversation with someone who suggested we could get a negative payroll sprint negative payrolls print for the next couple of months. It is an outlier call, but deteriorating data is consensus, and here we are running straight through it. Tom maybe it is a biden administration, the fed coming on, stimulus coming on. You keep talking about the russell 2000, up 11 year to date, and it has been a moonshot the last number of weeks. The nasdaq 100 lagging recently, up 34 year to date. 500 up 12. 5 . P for you, we
Is clearly it was a more civil debate. It was a debate where mr. Trump got much higher marks on first blush then he saw in the first debate, but with 11 days to go, i am going to say what i think say not what i think, maybe what we all think, but what we hear from the pros, the money matters, and the genoa one from delaware has the money the gentleman from delaware has the money. I saw a number of reports this morning that clearly, mr. Biden is ahead in this poll, that poll, but the president is tightening up, as was widely predicted. Jonathan 11 days to go before we can get a deal on capitol hill on fiscal stimulus between House Democrats and the administration and republicans. Lisa oh, come on. We are not getting a deal. Ifo want to say on pulling, say on polling, if the polls have it wrong, political polling, the whole industry is dead. I am interested to hear what larry kudlow says. He is joining some bloomberg show and some guy who hosts the show at that point. [laughter] jonathan
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.
Bloomberg television. Eight days to the election across the station, and those watching around the world. The confluence here this morning, futures up 33. I get it. At the confluence here of really grim news worldwide on the pandemic, along with major uncertainty on the United States senate elections, makes for an interesting monday. Jonathan i couldnt agree more. The composition of congress all about what happens next with fiscal stimulus for market participants. Playing out for everyone to see, the increase of infections in the United States and europe, and extra restrictions coming down italy and spain at a time when the economy was already losing momentum. Youve got an equity market that gets hammered. The s p down almost 1 . Say full credit, i hate to this because jon is only with us for a brief hour today on bloomberg television, but the basic idea i have is that you were way out front on this. P guess if i am an sa shareholder, im a little surprised off of where it was friday. L
Outcome, a weaker sterling, is stunning into the Fourth Quarter of this year. Plenty onwe will have that smart note from kit juckes. Lets get to first word news in new york city with ritika gupta. The chinese owner of tiktok is gaining confidence its deal with oracle will be okd. Bloomberg has learned it is likely to greenlight the deal as long as it doesnt involve the transfer of Artificial Intelligence algorithms. President trump is ridiculing fbi chief christopher wei, who told congress that rush is trying to hurt joe bidens president ial chances through social media and his operations. Chris,ident tweeted, you dont see any activity from china even though it is a far greater threat than russia, russia, russia. The vaccine they move by moderna and pfizer are moving off increasing fears that the Coronavirus Vaccine is becoming politicized. Theyre making statements about late stage trials and how they plan to gauge their safety and effectiveness. Trade talks with the European Union wer