Ofto see geoffrey yu there bny mellon in our opening. With the new slow out of washington, how to get ready for ferro, do you think the secretary of treasury will be watching mr. Powells press conference . Jonathan i hope they speak before the press conference. These two need to get on the same side. It is not good to wake up ever to see the chairman of the Federal Reserve and treasury secretary on different pages on an Emergency Program that, lets be clear, has really helped keep financial conditions loose at a really tough time for the u. S. Economy. I am surprised, maybe even shocked, that the market is where it is this morning based on the spat between those two individuals. Tom there are distractions in washington, but maybe it was beneath the radar off of president trumps efforts to tolection 2020 lisa move election 2020. It devolves to a market that looks like the fourth week of is taking myferro vacation days. Lisa how do you price the future with a present that is very much dy
Than 100 Million People cast their ballots early, which means incould see the is turnout the print see the biggest turnout in president ial election. But we are seeing attempts to undermine it. Tols and texts attempting discourage and intimidate voters today. How keytalk about social platforms like facebook, twitter, and youtube are looking andrevent disinformation postelection civil unrest. First, a check on the markets, where u. S. Stocks rallied for a second day. Investors have been incredibly anxious leading up to this moment. Just how anxious were they today . Abigail not so anxious today. At one point, the s p 500 index up 1. 2 . Thehe close, up about 1. 8 , best day in about a month. Around anxiousness, the vix below 35. Some are saying that it suggests that it means that there will not be decision soon, that that is no longer the case. That the volatility investors are telling us that we are more likely to know who will be the next president sooner rather than later. We had bon
Joe biden says hes feeling good. Higher. Looks to be texas, florida, and arizona are among the states reporting big numbers with no signs of disturbances so far. And the other major story today, groups in hong kong and shanghai demanding capital control, throwing jack mas empire into turmoil. But, of course, there is one story it is the u. S. Election. Election day coming to a close in the u. S. Some of the polls closing and the key battleground states and over the next hour or so and starting to see whether the ballot shows a shift to what the markets have really been pricing in, which is that strong blue wave. Take a look how we are setting up after the u. S. Had the biggest twoday rally and since september led by financials and bank shares, treasury yields. On anticipating that as soon as the election is Done Congress will deliver a spending bill. Shery, a lot of the action going to be in currencies. Shery definitely chinese yunaa, one to watch. We are watching the Immediate Reactio
Twitter saying that many of those votes are many of those comments are misleading. We continue to feel, the senator and i, we continue to feel very good about how things stand. We have no doubt that when the count is finished, senator harris and i will be declared the winners. I asked everyone to stay calm. The process is working. The count is being completed. We will know very soon. Be following the results, live reports from pennsylvania, where we are just learning that the Truck Campaign is filing a lawsuit as votes are being counted there. Markets are extending the biggest rally since april as investors rushed back into tech. The fed is keeping results near zero. Cooper is out with ubereats is still a bright spot for cooper as the pandemic continues on. Abigail doolittle is following the rally as this election remains uncertain. It is amazing that we do not know who the president of the United States is and we are in the middle of the best week for stocks going back to april. If we
Watching all of that happened allan. Huge huge news here which it seems is not being accepted by the trunk campaign. Thats right were just in a statement from trump in the last couple of minutes remember hes currently playing golf with his golf course everett jr spend a lot of time in the golf course during his time in office even though before he was elected he said he would never have time to visit his properties because hed be too busy working for the American People and they had been some pressure on him to be seen doing something president ial to send a message to the country that even though there were recounts in a number of states are slowly coming to going on in a number of states that it was still business as usual but he decided to take advantage of this glorious saturday in november and head off to the golf course certainly he says that from monday his campaign will start to prosecute the legal case in a number of courts. But speaking to all the experts it seems that this r