Both republicans. In a tweet today the president said why wont governor, the helpless governor of georgia uses Emergency Powers which can be easily done to overrule his obstinate secretary of state and do massive signatures on envelopes. It would be a gold mine of fraud. And we will easily win the state,. Secretary of state brad a rothenberg or said they are more hundred 50 voter fraud investigations going on there. But he is also pushing back against the president saying quote there is those exploding the emotions of Trump Supporters with halftruths, misinformation, and frankly theyre misleading the presiden president. And if that were not enough President Trump opening up a new front in his battle to overturn the election. Telling maria that the fbi and d. O. J. Might have been involved in hijacking the election. This election was rigged. This election was a total fraud. And it continues to be as they hide. And the problem we have, we go to judges, people dont want to get involved. S
Some of fdrs initiatives, such as increasing the number of Supreme Court justices. This class took place online and the university of maryland Baltimore County provided the video. Prof. Blake we are going to be talking about the first two chapters of my book manuscript today. Which looks at the role Public Opinion played during the new deal and specifically the constitutional controversy of the new deal. It is worth telling you one thing about why i am not writing this book. Court packing has gotten back in the news, both during the democratic primary season when iowa caucus winner Pete Buttigieg endorsed Court Packing. Now it is back in the news again in the general elections following the passing of justice ginsburg. I am not writing this book because Court Packing is back in the news. I have always been interested in the new deal. It is a constitutionally significant error in our industry. It never received quite as much attention as it deserved on that front. In the new deal schola
At their highest level ever. But the best trade may be emerging far away. The eem is far outpacing the s p 500 over the last three months a nosedive in the dollar it is at its lowest level since april 18 is it time to rotate out of the u. S. And look abroad for the next big trade, tim . It seems like it could be a rerun of creating a globe. These are dynamics we havent seen in a long time. If you look at where the dollar is if you are investing in emerging markets, the currency is at least 50 of your return profile and high yielding currency is a driver of this reality but its the turkish and african moneys the blowoff top was around 51. 75. I think you have rates moving higher, but normalizing. Normal high rates for em arent good if you look at the source trade and things moving around the world, some of this is about a global recovery. In some sense at least, the u. S. Dollar and rates will stay lower for longer and thats fantastic for the rest of the world. We may be in the depths o
Thrilled you are with us on Bloomberg Radio and bloomberg television. It was not the surprise of moderna on the ratios. It was the surprise of how well they are able to get the vaccine out. That lifts markets up. Is a correlated left pop it is a correlated lift. Jonathan maybe the message is dont bet against human ingenuity. Keep the faith and the science. Last week it was pfizer. This morning, moderna. The efficacy rate, 94. 5 . It is where the rally is that gets peoples attention. It is not the big cap tech. The story that rolls up his smallcap america, and the International Value story as well. That is the great debate of this very moment, the shortterm problems, the issues across america, and the longterm hope that we get that texting. Tom lisa, what do we see we get in the vaccine. Tom lisa, what do we see in fixed income . We are not at the full faith and credit of november 9, but what do we see in ig and highyield, as we see yield up, price down . Lisa yield up with full facing
Good afternoon. Welcome once again to power lunch. Im john for tte, energy up 13 this week and financials also down about 2 . Its the regional banks seeing the most pain, first republic, pnc, truest financial leading that sector lower. And Airline Stocks all lower as we get a clearer picture of what Holiday Travel will look like in this persistent pandemic first, lets get to bob pisani for more on the Market Action today. Bob. Hello, john what happened to our value rally . Banks and things like that moving to the up side, Energy Stocks it got smacked by Covid Concerns and by the lack of stimulus. Thats a problem what do we do . Hey, lets go back and buy workfromhome stocks again. The docusigns, zoom videos, activision, some of the other tech names are barely clinging on to gains. Service, which is a big what we call a high beta mover on the day is on the up side. So are some of the Semiconductor Stocks but the rest of the Technical Area is pretty much split to the down side. Another gr