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
Tested positive. 10year fore spanish bonds and portuguese bonds ever lower. Yesterdayorld shifted in the United States of america. We are on the cusp of a constitutional crisis. I have no idea in america how friday is going to work. The president is clearly inserting himself on a constitutional basis into the state crisis in michigan, and into wisconsin. What im watching friday is simple. Vice president pence travels to georgia. It will be fascinating to see if he makes Public Comments on this contested election. Absolutely, tom, and we are also trying to find out what the next step is. Lets get to first word news in new york city with ritika gupta. Ritika good morning. Another legal setback in President Trumps bid to overturn joe bidens election victory. Last night a federal judge denied a request to halt georgias certification of its election results. That is supposed to take place today. According to a hand recount completed wednesday, biden won georgia by more than 12,000 votes. Me
Been working hard on cost has been creating this leverage. It the perfect storm of volatility that helped you in the Third Quarter . Sergio it has been coming down to a more normalized level that may be sought before 2018 and 2019. I think it is a combination is a more stable market environment, but the effect of all the new initiatives that we could set for growing, and which are starting to pay off. Manus youve got a strong message in the dividend. There has been an accrual of cash and buy back. When can we realistically expect the regulator to let you and ubs pay those dividends in 2021 . Sergio what it seems for investors is, basically, our message that we are very determined and committed in implementing our capital return policy. We are flashing our intentions to have a good solid Cash Dividend, but also complemented with share buybacks, and the fact that we are highlighting what we have done so far this year by creating this 1. 5 billion reserve is a testament to our commitments
Masterca mastercard, microsoft and u. P. S. All lower on the back of their results as well. Bund yields and oil are lower. Tenyear yield, 0. 77 . All 11 s p 500 sectors are lower, sharply lower thats the heat map of all s p 500 stocks very few are green as you can see above me just less than 3 of declines for all three of the major indices, sara. We will ask allianz chief economic adviser mohammed elbrian. Monitoring two live events at this hour, expected speech from french president emanuel macron and a statement from dr. Fauci mike santoli covering the market selloff meg tirrell with more details on the covid spike in the u. S. And europe and ylan mui start us off with the selloff, mike starting to do some damage third day in a row for the s p. Its starting to cut a little deeper the hope gave way and did accelerate the down side multiple pressure points on this market causing investors to have a harder time looking across this valley of growth, right covid case cuts. We dont know wh
Began logic in the tiktok negotiations amid news china is unlikely to back the deal with oracle and walmart President Trump says he will nominate a candidate to replace Ruth Bader Ginsburg on saturday. Sources say he met with Amy Coney Barrett at the white house. Lets get to the top story today in the United Kingdom. The government is expected to announce a series of new restrictions imposing a 10 00 p. M. Curfew for pubs, bars and restaurants and expected to do a you turn when it comes to work from home guidance raising the alert level to four. Saying the risk of second round of infections is high or rising. Speaking to cabinet news, the government is working to ensure people continue normal life limiting social contacts no one wants to do these things or take these steps they are reluctant steps but they are necessary as we were reminded and you are reporting, the rate of infection is increasing. The number of people going to the hospital is increasing and we need to act is it is not