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Four days of losses is about to become five. Are down 7. 5 over the previous four days. Cross assets, we look like this. A bid into the bond market briefly in treasuries. It did not stick. It was a treasury market selloff. This morning, it is about yen strength. Dollaryen coming down on 0. 3 . Again. Rude is down 0. 9 mark wheret is that you have these massive producing countries like russia and saudi starting to worry. These are very hard prices to deal with when you try to balance your books. It all comes back to demand. Everything is about demand right now. When you have france and germany going into lockdown, that does not bode well. Euroyen is striking me this morning. I feel that for the first time it is acting like a haven. It is her membrane what it is supposed to do. Jonathan a bit of yen strength. Chancellor merkel giving a wakeup call to her fellow eu leaders. They failed to act quickly stop the pandemic. For more, our western europe managing editor joins us. Walk us through ....
Bloomberg television. Eight days to the election across the station, and those watching around the world. The confluence here this morning, futures up 33. I get it. At the confluence here of really grim news worldwide on the pandemic, along with major uncertainty on the United States senate elections, makes for an interesting monday. Jonathan i couldnt agree more. The composition of congress all about what happens next with fiscal stimulus for market participants. Playing out for everyone to see, the increase of infections in the United States and europe, and extra restrictions coming down italy and spain at a time when the economy was already losing momentum. Youve got an equity market that gets hammered. The s p down almost 1 . Say full credit, i hate to this because jon is only with us for a brief hour today on bloomberg television, but the basic idea i have is that you were ....
Odonnell good evening and thank you for joining us. Tonight the u. S. Is seeing a dangerous increase in coronavirus cases in the south and west that could have implications for the entire country, especially as more young people are becoming infected. As america pushes forward with reopening, half of all states are now averaging more new cases each day than they have in weeks. Tonight one out of every five new infections globally is from right here in the u. S. And with florida and texas setting new records for positive tests, the governors there are warning they may need to crack down on those who arent social distancing. Tonight more than 120,000 people have been killed by coronavirus in the u. S. , and there are more than 2. 3 million confirmed cases nationwide. The white house says those increases are due to steppedup saying he ordered testing to be slowed down as a way to keep the number of infections from looking too large. All of this in sharp contrast to whats happening in new ....
Nejra we end the week with a risk on tone. A mixed picture across asian equity. Green on the scene for the msci asiapacific index. Back to business for the s p 500. We hit a record yesterday. We will see more risk on today. The 10 year yield edging up a basis point. The yen is actually heading for its worst week since july 2018. Another twoweek low right now. For the First Time Since 28 team. Brent heading for a weekly loss as well despite the spike on the geopolitical tensions. Belowing the same, back 60 a barrel. Justin trudeau saying the ukrainian jet was likely shot down by a ukrainian missile. He says it may or may not have been an accident. The head of irans aviation the theoryalls plausible. Trudeau is blessing for an indepth investigation of the crash. We have intelligence from multiple sources including our allies and own intelligence. The evidence indicates that the plane was shot down by an iranian surfacetoair missil ....