Selloff and a dollar selloff at the same time . What does that actually mean . We will break that down as well. Guy and youve got bitcoin rocketing to a record high. Out of the United States, pending home sales month on month a little weaker than anticipated, 1. 1 . Expected at 1 . The prior number revised a little higher. These have absolutely rocketed. The year on your number now stands at plus 19. 5 , which is another incredible number to think about. Lets get back to the vaccine. Is monday, and every monday morning it seems we get some news. Moderna is planning to request clearance for its Coronavirus Vaccine in the u. S. And europe today. Ceo speaking earlier to bloomberg. We have millions of doses ready. We have more and more every couple of days. Joining us now is robert. He spoke a little earlier on. I think they have a review coming up on the 17th. After the potential clearance on that date, how quickly can we get things up and running . Robert they have been told in publicu.
Regarding a democratic motion to begin work on a bill dropping the Justice Department from supporting lawsuits to strike the Affordable Care act. Live now to the floor of the u. S. Senate on cspan 2. Eternal god, our heavenly father, we cry to you, but sometimes you seem so far away. In our despair you sometimes seem distant, and we are tempted to surmise that we are all alone. When we shout, we seem to hear the echoes of our anguish. Nonetheless, we know that you are holy, mighty, and good. We have trusted you too long to let go. Empower our senators for these challenging times. Remove from their minds all bitterness and contempt for one another. Keep their hearts clean, their spirits courageous, and their minds clear, as they face these daunting times. We pray in your omnipotent name. Amen. The president pro tempore please join me in the pledge of allegiance. The pledge of allegiance to the flag of the United States of america, and to the republic for which it stands, one nation unde
Calling for the fact that these stockmarkets had gone too far, too fast. The darlings of 2020 finally took the hit. Apple, amazon. Tesla. Gain ondia, the biggest the s p this year. Companies, along with energy, lead us into that fall. Were you the naysayer . Joe ive been predicting this since april 1. My predictions finally vindicated. But it was just so intense. We talked about this yesterday. You had Huge Companies jumping every day. This is like the reversal that we got. Energy had a bad week. Infotech down on the week. The only gainers, materials and utilities. Financials also outperforming. That really is the story. Really hot sectors finally got sold. You have such incredible moves. It is not surprising even if that is a disappointing cliche. Romaine it looks like some of this could have been related to how short a lot of institutional managers and hedge funds and investors were. You are talking about 23 straight weeks where hedge funds had been short s p futures. The latest data
Interesting enough. We have the gdp numbers, the contraction in that economy, which is awful, obviously, but relatively good to compared to some other parts. Getting the test and trace progress going very efficiently. Fester e talk of an of Investor Outlook for another year. Tom the dialogue on furlough and income substitution over there versus what we see in america. With a briefing, our first word news with ritika gupta. Ritika President Trump and speakers at the Republican National convention put a positive spin on trumps handling of the coronavirus pandemic. The president thanked frontline responders and said the virus is going to be fading. Others warned what would happen if joe biden was elected. There is more work to do, but there is a light at the end of the tunnel. Jobs gains are outpacing what the socalled experts expected. But biden set by radical leftwing policies would stop our economic recovery cold. Hes already talking about shutting the country down again. Its madness.
How well it weathered the shock of the coronavirus. A blowout performance in fixed income trading beating all but one of the large wall street banks. The cfo does not see an economic recovery anytime soon, though. There is a pickup in activity. It is stronger in some. Said, you should look at the whole world. Level,it is back to the we dont think that will happen until 2022. Nejra lets get more detail on those numbers from bnp paribas. That trading we are talking about, it surged 154 , trailing only Morgan Stanley out of wall street banks. It was a blowout performance of b. N. P. Paribas in fixed income trading. It allows the lender to move past embarrassing losses from equity derivatives at the start of the year. Basically what bnp paribas has said about that jump in fixed trading, it said volumes were driven by governments and corporations selling that to deal with the Coronavirus Crisis as well as Foreign Exchange and commodities, hedging by clients. Those results more than offset w