Funding of our brutal polling, and im totally opposed to funding the police officers. Ok, glad we had that. Talk. Really appreciate it. How about tell us what youll do to address the racist drug laws that you slam through congress now locking up more black people than the number in slaves when the u. S. Had slightly verree. What will you do, joe biden . And im sorry to yell, but i figured you had your hearing a hearing aid turned down because im not getting many answers. Answers i said and no, no, i dont have cancer. Never mind. Number 2, what will you do for the environment . You gave a speech where you said donald trump is a climate arsonist, which is totally tural. So what will you do . Different uncle joe. I guess this means youll sign on to the green new deal. You support . No, i dont support the green. Will you dont. Ok, glad we cleared that up. Well, at the very least, if you care at all for the environment, at least hill and fracking, the whole idea of whether or not were going
The start of the week, a huge. Otation towards value the s p up by 0. 6 . The pound is positive. The departure of dominic ,ummings at 10 downing street going at the end of the year, setting up expeditions that may be a brexit reset and a deal as possible. Interestingly enough, we are seeing a continuing move in what we are seeing in the bond market. Bonds are bid today. He was there moving back down, unsurprising and what we heard from Christine Lagarde yesterday. More broadly, the virus definitely back in charge. The vaccine news at the beginning of the week, the virus news at the end of the week. Alix such a great way of framing that. Lets break down the virus issues more. The global coronavirus case is now topping 52. 9 million, deaths climbing to 1. 3 million. Focus is on europe and how it is addressing the virus. Joining us is Bloomberg Opinion columnist ferdinando juliano. The story in the u. S. Is that you guys are doing targeted lockdowns, and it is working, and the cases are l
You gave a speech where you said donald trump is a climate arsonist, which is totally true. So what will you do . Different uncle joe. I guess this means youll sign on to the green new deal. You support . No, i dont support the green. Ok, glad we cleared that up. Well, at the very least, if you care at all for the environment, at least, bill and fracking, the whole idea of whether or not were going to stop fracking, i would not stop fracking. I gradually move away from fracking. Gradually move away. Yeah, were already gradually moving away from fracking because there wont be any fracking once humans are extinct. Unless the lemurs are going to keep it going and they seem busy eating fleas off each others heads. I feel like steve bannon could use a friend like that anyway. Biden does say hell rejoin the parish climate agreement. Well, lets see how other countries there are doing who have not pulled out of the agreement like we did here is for national geographic. And those countries are
To the week. We are now focusing back on the virus rather than the vaccine. The german tenyear, some very weak inflation data out of germany today, sending yields lower. The price is coming up higher as well. You are also likely to have a scarcity factor coming into play as well. Yesterday indicating that the ecb is going to be on the bed, buying bonds. Hes got to think about what is going to happen in the bunds story as well. When you look at what is happening with treasuries, greece now has at the front end of its curve a negative yield. Just well on that for a moment. Greece is now a negative yielding country, albeit at the front end of the curve. Nevertheless, an amazing turnaround in a relatively short time. Alix an amazing eight year difference that makes. I was just reflecting on the sovereign debt crisis yesterday, so that is an amazing stat. New virus cases may be easing in some parts of europe as virus hotspots could offer a glimmer of hope and some of the worst hit countries
Spreading the next few months could be challenging. Approach with caution. Jay powell warning over economic challenges, despite the prospect of coronavirus vaccine. Treasury yields fall amid growing concerns around the pandemic. California joins texas reaching one million infections. U. S. Election Officials Say the vote was the most secure in u. S. History. Bandss President Trump investment in firms controlled by chinas military. What a week. Clarity in the u. S. Election. A hope old date on a vaccine. We are ending the week with a surge in covid cases. A push poll between the euphoria of a vaccine versus the pandemic. We wake up to french hospitalizations breaking a record. California joining texas surpassing one million infections. Chicago, the latest u. S. To issue a stayathome advisory. The mayor saying, this is literally a matter of life or death. Lets take a look at how this is playing out into markets. A stunning week. We have covid weighing on equities. Into session feeding fe