Press conference she was supposed to have an hour and wait till you hear what congressman said on the house floor. Read into it what you will, we will like to hear it and we will take you live to d. C. Are we closer to or farther from a government funding bill that desperately need coronavirus stimulus. We got investors skimming at the top as markets await development on both of the front. The dow, the s p and the nasdaq all hit record closes yesterday are pulling back in the dow is down to 15, we hit session lows a loss of 251, s p down 29, the nasdaq lower by 54, even bitcoin getting swept up by the selloff after topping 23000 yesterday, on the three Year Anniversary of bitcoins previous alltime high which if you remember ended badly for those who bought at the top, the man ventured capitalist tim draper has chosen to partner with to spot and incubate crypto startup is here, do they see a crash or crush coming. Nike about to report earnings, the pandemic spawning a new running boom,
Democrats can call in at 202 7488000. Republicans 202 7488001. Independents 202 7488002. You can also send us a text this morning. That number 202 7488003. If you do, please include your name and where you are from. Catch up with us on social wj, on on twitter cspan facebook. Com cspan. Today marks three weeks since election day 2020. Transition to Bidens Administration begins. Take you now to the front page of the trade news. Their lead story about the certification process. Michigan born in charge of certifying election votes casts what they call a pivotal vote, cementing joe bidens victory in the state. The board of state canvassers voted 30 to certify the results. The republican board member crossed over to certify the election, which is traditionally viewed as an administrative step , but had drawn a spotlight as the Trump Campaign questioned the integrity of the election. Less than two hours after that final vote, a letter from gsa administrator emily murphy to joe biden. That sa
Fishing license. Welcome to bloomberg surveillance. Im Francine Lacqua in london. It is the last trading day in november. Certainly a lot of traders will be feeling the same, but stocks are dropping after this recordbreaking rally. A bit of a pullback on the last day of the month, capping this recordbreaking rally. Oil sliding after ministers failed to reach an agreement on supply. Small caps, energy and companies, banks, that group has been leading the rally in november. Today, a bit of profit taking. A couple of other things im watching for is the price of oil. We talked about that, encouraging news on brexit, which is why we see sterling at 1. 3333. The portuguese 10 year yield come i like that because we are on zero watch, or negative watch for that yield. Word newsyour first with leighann gerrans. Opecplus has failed to agree on an allay to januarys height. Many members support keeping production at current levels but the United Arab Emirates and kazakhstan oppose the move unless
Investors taking into account that joe biden could provide a clear cut election when win. We will take a look at what a potential Bided Administration could look like, especially for the energy sector. As newllied again today policies could codify longterm gains for these companies. Oil fell today. Past 24een quite the hours. A tweet storm. To the old adage on wall street, sell the tweet, by the tweet storm. That would explain the next 24 hours. Pulling the rug out of the stimulus talks. Rally overnight in the futures. Should dong we airline aid and unemployment. The market may be interpreted that is some appetite to revive talks. Romaine i guess that is great if you are in the market. If you are in the real economy, it will be interesting to see how much the stimulus will trickle down. What effect it will have on peoples view of the election. We take a look at unemployment rates. Improvement from the most recent jobs report. The last one we will get before the election. Pennsylvania s
Deaths near 700,000. Virgin australia rescuers are set to outline the Airlines Financial plan. We are seeing u. S. Futures opening flat. U. S. Stocks finished higher in the new york session. They fluctuate between gains and losses. Thestors are assessing prospect of another stimulus measure. Says they try to come up with a timeline on the deal. We expect to hear from President Trump at a press conference anytime now. The s p 500 was way down by financials but Energy Companies led the advance. Oil is losing at the moment. Heading toward 41 per barrel. This after we saw the biggest gain in two weeks. Lets look at the asian markets. Asian stocks are looking at a modest drop potentially ahead of the session. Toyota and honda are reporting today. The yen is holding below 106. China officials are reportedly set to meet around august 15. Barda futures heading higher. When it comes to commodity currency, we saw a lift up there given the rise in oil and metals. Cracked 2000 for the first time e