The next 100 days. Tom the transition challenges are simple. He needs a single letter out of gsa and that has not happened yet. We will do with Greg Valliere a on this in a moment. There are still four states with under a 1 count, and that is really what matters around all the hoopla. Francine it certainly does. Lets get straight to the bloomberg first word news in new york city with ritika gupta. Biden is launching his transition effort while President Trump continues legal challenges over the election. The news media declared biden the winner of the president ial election on saturday. The former Vice President won or was leading in states that would give him more than 270 electoral votes needed for victory. Meanwhile, the president has falsely claimed victory whilst saying there was widespread in legal voting. He has not offered any evidence. President elect joe biden will take the first step to one of his Biggest Campaign promises today, to bring the Coronavirus Crisis under control
Fromsion off of the news pfizer. Lets just frame where this market is. Ill let lisa worry about bonds. I am looking for an entry point, and i dont have one coming with s p futures out to record highs, up 120. Jonathan lets get straight to the price action of this moment. Equity futures are absolutely surging, up by 3. 3 . It is a huge turnaround. On the 30 year we go about to 88 basis points. A bit of dollar weakness back through this market, just south of 1. 19. A vaccine possibly helping us normalize this global economy. What does that mean . Bti with a 40 handle. Lisa it looks like pfizer will get some of the safety data necessary to see whether they can get some of the emergency approval to roll this out. This is what everyone has been waiting for. I simply, what is the Circuit Breaker to the surge in covid cases we have seen . Could this be yet . The market is saying yes, and the chances of higher growth, very high according to the market trade this morning. We can bring in sams n
U. S. The global focus. Ines surged cases surged california and texas. Walmart demands customers wear masks. Knowing green. New south wales has a new plan for renewable power, energy and the environment. Quick check of the markets, u. S. Futures opening flat. This after u. S. Stocks climbed to a fiveweek high in the regular session. We have 10 of 11 s p 500 sectors closing up. He had vaccine developments bringing this rush of optimism to financial markets. This, despite escalating tensions between china and the u. S. Moderna and astrazeneca are rising on the optimism. More positive ecodata, u. S. Industrial output rebounding in june. Pickup in Economic Activity. Take a look at what oil is doing. Under a little pressure, headed towards the 40 per barrel level. This after jumping to a four month high. We had strong ecodata and we have President Trump indicating he doesnt want to add more sanctions against chinese officials for now, not to mention a report on a drop on u. S. Crude stockpi
Have ordered coronavirus lockdown all right its time to boost your news i q. Tensions are once again heating up in the persian gulf after a brief confrontation on the seas between the u. S. And iran which resulted in president calling for the take down of iranian gunboats that come too close Rachel Blevins us following the story shes joining us now from the news room with the details to this rachel whats happening there well manella President Trump is now arming the u. S. Navy with the shoot down a new stronger order after a Close Encounter with iran has increased fears of escalation in the persian gulf trump took to twitter wednesday morning writing i have instructed the United States navy to shoot down destroy any and all iranian gunboats if they harass our ship. See his warning follows an incident last week in which the us claims 11 vessels from irans revolutionary guard came within 10 yards of u. S. Navy and coast guard ships in the gulf near kuwait while the Navy Released footage
Financial fallout. In the Pandemic Forces the democratic republic of congo to shut down its capitals Main Commercial hub. In the union that represents more than 80000. 00 athletes says many sports are facing a financial catastrophe the world Close Association says League Seasons need to be finished in order to avoid huge losses. The global death toll for the coronavirus has now hit 70000 with 50000 of those reported in the year of comes as britains Prime Minister Abbas Johnson spent sunday night in hospital with continuing symptoms 10 days after he tested positive for covert 98 a spokesman said it was a precautionary measure and that johnson is still leading the government hes having routine tests and is reported to be in good spirits on the. On the evening that Queen Elizabeth made a rare televised address to the nation she urged the british people to remain united and resolute to overcome the outbreak numbers released from spain show the daily death toll is continuing to fall 637 peo