More than 25 million confirmed cases of covid19 and more than 430,000 deaths across this country. Accounting for 25 of of the confirmed cases and 20 of deaths worldwide. While cases hospitalizations and deaths at have slightly decrd in the last few weeks, the numbers continued to be staggering. Now there is great concern of varied and more transmissible strains of the virus may become dominant over the coming weeks leading to a further worsening of the pandemic. Todays report comes as president Bidens Administration launches an aggressive effort to combat the pandemic and Congress Considers additional aid to bolster the Public Health response and jumpstart the economy. The future of Health Care Initiative released its first report of bipartisan prescription for Americas Health care in february 2020 Offering Practical Solutions designed to make healthcare coverage more affordable without adding a growing Systemwide Health expenditures. Todays report was led by a Bipartisan Group of heal
Also up on the s p. Thend pingpong and pound pingponging around today. I think it was a reuters report talking about the fact that we hadnt made any progress in the brexit talks. Then we got the legal action and the fact that there was a landing zone, particularly on state aid, and that fishing was the only area that we didnt have a deal done. Subsequent to that, we start to see the pound rolling over again. We did see commodities generally do well last month. Crude down, burned trading just north of 40 brent trading just north of 40. Alix nancy pelosi is having a press conference, saying she is talking about how to go forward on really else. She is still ash really ills on relief bills. She is still hopeful, going against the report that she was skeptical. Euro still trading up 0. 3 . U. S. Is politics in the the European Union is starting Legal Proceedings against the u. K. The move was announced by European Commission president ursula von der Leyen Urszula by European Commission pre
That is what we saw with adp, not as bad as we initially thought. The banks talk about of canadas decision coming out as well. You could see that in the top righthand corner of your screen. Unsurprisingly, the bank of canada keeping rates on hold and the economy is starting to reopen. The bank of canada looking for more information, its a status quo decision with Interest Rates left at 25 basis points, at the bottom end of the range. They are unlikely to go any lower when we have a new governor coming in, macklin is coming in and is likely to resist negative rates. Scaling back some of the Market Operations at the bank of canada with covid19 impacts, it appears to have peaked. Interesting, could you imagine . The dollar cap is down two point 1 2. 1 . A twomonth high as what we are dealing with and also oil prices are vacillating everywhere, but the spread continues to widen and we are now at the widest is this manufactured by the fed or is it a comment on longerterm growth . We are goi
And be sometimes several screens simultaneously. And were getting messages sometimes from the same person in different channels, and then tough figure out you have to figure out did this text message come first or did this email saying, no, im going to meet you at the movie theater, and then you have to look at the time stamps, and the past is mixed up with the future. Meanwhile, we have tremendous is access to the past. We know more about the lives of bach and beethoven and mozart and mahler and have zinn sky than any of them knew about their predecessors. We have instant access to all of their music. The music from our personal pasts, the music that we loved when we were kids, its as available to us as music from ancient times and music thats just being recorded yesterday. And it all gets mixed up together. So were in a kind of eternal present. You say that theres a philosophy in our society that we should live in the present. Thats exactly where we should be. But that doesnt really
Down at the bank of england where the debate is how hard has brexit been on the economy . And if they take a sledgehammer to the rate, the policy affected just a month ago. Manus, as we go to the program, outside the bank of england a lot more to talk about. Let us start with the bond market. I have a great chart u. S. , 530 spread in the we have seen that widening for nine straight day. What we see here, many people suggesting that this is giving us a signal in the markets, that we have not seen since 2012. The yield curve deepening for nine straight days, investors went to be in at the shorter days, that we might not see an increase in interestrate from the u. S. Fed when they meet next week. A busy week for central bankers of course next week. And a policy is on hold, what is that due to inflation, and we see bond markets adjusting as a result. Lots of talk about in the bond market as we go for the program. Lots more from manus at the bank of england. Let us throughout the risk rada