Tom keane taking one final day off. This market ripping through the month of november, adding weight to the rally this december. Lisa up 1 on what . Nothing it seems ahead of this testimony with chairman powell and secretary ma nuche chin. Lisa tom keen is so upset hes still in triple leverage all cash funds had he to take the time out to start his own Cooking Channel on twitter which is what he seems to be doing over the past few days. There is a question how much good news is baked in. We have gotten some news about vaccines looking for approval. Yet at this point, you have raised this again and again, john, how much scarring is there from record numbers of cases of covid, as well as hospitalizations. The numbers keep breaking all time highs. Jonathan the numbers arent going to be great the next couple months. Thats a given. I dont know how much we need to see thats really going to weigh on people considering how well anchored their outlook is for 2021. Vaccinations could begin in a
But those hopes may be shortlived. Democrats proposed a new plan but republicans worn a wide gap remains. Mitch mcconnell says the plan contains poison pills. And australias plan to have women hold at least 40 of leadership roles in asx 200 companies. Aberdeen has already signed up. Shery heres a look at how markets are trading. We are seeing u. S. Futures coming online, down. 2 . This, after u. S. Stocks ended the session higher wednesday. Also the last trading day of the quarter for u. S. Stocks. Haidi mentioned talks and hopes for a stimulus package in the u. S. The house has delayed the vote on that bill, trying to get more time to reach an agreement with the white house and treasury secretary. The s p 500s on nine sectors out of 11 higher. Health care and financials led the gains. Showingitive ecodata, u. S. Companies added more than 700,000 jobs in september. The dollar weakness, a third consecutive session of losses. Not to mention before the quarter, just posted its biggest qua
Reaffirmation on the American Labor economy in this hour, claims, and all of the various numbers that come out with it. Forget about the markets. Forget about the chancellor of the exchequer actually dealing with the United Kingdom labor market. It is a question of millions out of jobs. Jonathan permanent job losses as well, and permanent shifts in the economy. Thats got to be my big take away, government confronting the idea that perhaps we are seeing permanent shifts in the economy, and they need to allow that creative destruction, the powerful transformation of capitalism to take hold and maybe step back a little bit more. Ive got to say, some people will push back aggressively against that and say this is a pandemic, it will pass, and perhaps we will get some return to normality. That will be a debate for the several weeks, months, and hopefully not the next several years. Tom david kostintom will join us from Goldman Sachs with an important discussion on the equity markets. Future
Month high and europe a different story. The economy lost momentum unexpectedly. Michael is here for the breakdown. Michael the narrative in europe playing out as europeans forecasted. They are now seeing a covid come back and slowing Economic Data. Indexes, thetiment pmis, is this month better than last month or worse . The consensus is it was not as good or worse. You can see all of us the euro zone in france, germany, they saw declines in the manufacturing and services pmi and france taking a big hit, dropping into contraction territory for the manufacturing pmi. Germany a little better. Manufacturing improved but services and composite well. Composite in all three areas following the weakest representing three position of lockdown measures due to the current flareup of the virus in europe. Those of the countries that a lot of in the curve. We saw in the minutes earlier this week at the ecb that policymakers are reluctant to embrace the forecast at the july meeting because they were
Republican senator inpatient as well. I cant see how we can go home failed. People we they will all have to go home at the end of the week and tell people they failed. Lisa and there is pressure from President Trump that if you dont do it, he will go at it unilaterally. You have to think that he is adding to pressure to passing this through for republicans. Also today, what am looking at, to the clock a. M. , u. S. Durable goods and factory orders. Gauge was the strongest since september 2018. Aftermarket today, disney reports earnings, expected to have a lost. But everyone looking at disney plus, what kind of traction they are getting their earnings. Did you get disney plus just to watch hamilton . Jonathan of course i did not. [laughter] lisa i am shocked. Jonathan full anyone else try to buy tiktok . Tom im glad you asked. Lets put it this way. Disney has 14 billion in cash. Billion inas 140 cash. You do the math. Jonathan i think microsoft has the money to get it done. Did you see