Washington ramps up pressure on beijing. Goldman sachs raises billions for a new fund to focus on private equity. The move comes amid rising interest in secondary investing. Haidi lets look at what the day has in store at the sydney open. We are expected a muted start to trading in asia after downward pressure coming from the u. S. Session overnight. Restrictions continue to take place to curb the the Coronavirus Spread we are starting to see accelerate again, even as we get further good news on the vaccine front. Trading marginal. The u. S. Dollar held to the lowest we have seen since april 2018. We are also seeing the aussie dollar on the back foot. Nikkei futures look like they will see a muted start to trading. Shery lets get started with good news on the vaccine front. Pfizer says final Data Analysis shows its covid shot is 95 effective. The ceo of its german partner told bloomberg about plans for mass production. Our goal is to supply up to 50 million doses by 2020 which andd go
Today sonal desai, Franklin Templeton cio. There is a narrative out there that regardless of what happens in two weeks time, things will be ok, someone will deliver a fiscal package. How misplaced is that comfort that things will be ok . Sonal i think you have to break this up. First of all, the idea that within two weeks we will certainly know one way or the other. We dont know that for a fact. Over the last several months, the market has become increasingly comfortable with the idea that mailin voting will happen, we will have a blue suite, and it will be clear shortly after the election. And the election will not end up in court. It is a little risky to discount that completely. That is the first thing that could create a certain amount of nervousness in markets. The second issue is that fiscal package. Right now, we have come full circle of markets being concerned about a blue sweep to actually welcoming one because they are eyeing an eye watering we large fiscal package into next
Biden. Last ditch support efforts for both candidates moving at breakneck speeds. And digital gold. Cryptocurrency on demand with rising prices for bitcoin. You can crypto a lot of things, but dont call it currency yet. Rising aftertocks resuscitated hopes for a spending package. The nasdaq had a modest game game. Abigail doolittle is in new york. Abigail another choppy day. We have not had one day this week when we have not had stocks up and down throughout the day. There has not been when they were that has been the case. We have seen a lot of intraday whipsaw. Investors are pretty nervous. Some uncertainty. The s p 500 is up after spending most of the day down. Up about 0. 3 . Two down Sectors Energy and tech. Not surprisingly, tech being weighed on by intel. The stock one of the only indexes on the date of fall. Day to fall. Data center sales missing down 10 year over year. The guidance tepid as well. At the end of the day, it was a choppy week. Investors dealing with lots of uncer
Was talking about cooking with this quote like if you believe you can serve red wine with fish then you will pour ketchup on a croissant now to demonstrate this i do not have a croissant nor do i have catchup at home nevertheless i do for a Spanish Speaking audience and there is a huge amount of them i committed an atrocity on this plate here with a corn tortilla with munch a goat cheese and Peanut Butter you see that is a true atrocity. Oh my god yeah when you talk about atrocities an obscenity is from the mouth of a french person it almost always refers to food and for example marrying fish and red wine i mean this can get you thrown out of the country and because they have their priorities correct but only are they the masters of self revolution against the tyrants of. Trold power but they have a good palate as well well lets talk about this putting ketchup on a croissant and use that as an analogy to look at the Global Financial monetary and political system how they all collide to
A New York Times series rewriting history to explain an election they called wrong obviously they had called for hillary to win in a massive landslide 99. 9 percent certainty that she would win and she lost and since then weve had a breakdown as matt goes on to say in the ability to for the elite to message to to speak to the people right and you know you mentioned corporations there and the influence of corporations and all this mess of political speech and you know like i never understood the skycap or american Football Player quarterback you know adult he was all was basically working for nike and nike really orchestrated that whole take the knee thing and then he tried to make a comeback and it was nike was sponsoring that and they had people making an ad during his comeback so hes hes a guy who works at nike its like George Plimpton George Plimpton was a famous writer back in the sixtys and seventys and he decided to try. I asked for the Detroit Tigers and he wrote a book about it