Dom . It looks like well try that recovery trade from yesterdays late day selloff here. Stocks are broadly higher and to a decent degree. 250point gain for the dow about 1 upside. The s p 500 still very much above that 3,400 area. Thats an area that a lot of traders are looking at as a pattern of support there possibly for the markets up 1 , and the nasdaq, believe it or not, is underperforming, only up threequarters of 1 as well so the nasdaq a key focus there. If you take a look at some of the things that traders are watching from a more macro perspective. Interest rates, especially longer term ones are a very key focus here we dont show the 30year long bond very often. We focus on the tenyear more but that move to the upside has taken that 30year long bond beeld 1. 592 above its longer term trend line or the 200day average yield for that particular Interest Rate 1. 52 is the level to watch there. That could have reverberations on the financial side of the market also then check out
Treatment for covid19. He removed his mask before giving a thumbs up to the cameras. Global stocks see modest gains. His return comes as the cdc says coronavirus can spread indoors, in the air, beyond six feet. 34 u. S. States see more virus cases than a month ago. And the chicago feds Charlie Evans tells bloomberg he would welcome 2. 5 inflation. Jay powell and Christine Lagarde speak today. Annmarie good morning. Just gone 6 00 a. M. In the city of london. There is a lot to really digest with what happened overnight in d. C. The president of the United States spent 72 hours at walter reed hospital. He returned to the white house, a quite dramatic return. He walked up to the balcony of the white house, removed his mask, flashed a thumbs up, and saluting to the cameras. It showed a defiance of the virus, to Public Health measures. He is eager, you sell what he said at the top of the hour, to project strength in the face of the virus, but it has killed more than 200,000 americans. Be th
Says, comparing xoe ce ining cou once again as the death toll crosses 2 10,000 the white house is blocking new fda vaccine guidelines for the coronavirus and the eu is putting the Pfizer Covid Vaccine on a fast track. Shares of pfizer and bioand tech are moving higher ahead of the bell stimulus talks, maybe were stalled again. Theyre set to talk by phone again today. But well, who knows at this point. Hard to say. I wouldnt even try to venture a guess as to whether they make progress they did talk for an hour on the phone yesterday. Pelosi told Democratic Leaders today that talks are going slowly. Right well, look, gary kelly is one of the greatest executives that i have ever met. And he was on squawk and he is actually doing some shortterm furlough, get people back. When hes doing it, you go ta action. Gary is one of the foremost his record is the whole airline record to never lay people off i think thats a clarion call to washingt washington if gary has to do layoffs, there are other
President trump slams beijing for coronavirus. Xi jinping hits back saying the pandemic should not be politicized, focusing instead on Carbon Neutral pledge. Do your part. Boris johnson calls on britons to obey the new virus rules, warning of many more deaths. Frankfurt. N good morning, one red line across the bloomberg terminal before we begin to the prevarication at the fed. Mersch is saying the Pandemic Program flexibility must not apply to qe. A couple of other lines. Lets begin to them. He says hes not aware of any push to extend. These are breaking lines. I know you are looking at these as well. What else have we got . Annmarie yes, he is a hawk, obviously, but he does not want the flexibility to apply to older asset purchasing programs. We are going to talk about the fed. An inflation debate taking place. Clearly, this is something we are seeing take place at the ecb also. Trillion in terms of emergency. What will happen next in terms of size and scope . Lets circle back. The ha
Across this nation and worldwide. In morning on bloomberg television. Coming up, an important conversation with the vice chairman of the Federal Reserve system, Richard Clarida of columbia university. Jon, were way out front on the collapse of the United Kingdom suffered on the pandemic. But the bombshell you and i didnt see was the Prime Minister taking this Natural Disaster out to march of next year. Jonathan and maybe beyond. We certainly didnt see that in march 2020. We had three months of happy talk around europe versus the u. S. Many people have come on the program and talked about it. The data is not great either this morning. The service data softer than people expected. Manufacturing data ok. Do we start to hit some road bumps not just on the policy around covid, but also on the economy and this recovery . Tom what is your measurement of the American Economy now, in the many conversations you have on this . I am getting the sense of down big, up big, but i dont understand wher