But also goes to deminion and other thicks. I would like to file one nice beautiful lawsuit, talks about this and many other things with tremendous proof. We have affidavits, we have hundreds and ups of affidavits. Maria we will be talking about this all morning. Hear from georgia congressman doug collins and carter payment who filed a lawsuit against fbi on friday and scott terry all coming up this morning. Markets pointing to a down day on the final day of trading day for november. The dow industrials showing a decline of 160 points. We are wrapping up a great month for markets in the month of november. Sea of green. Dow industrials up 1 3 . Retailers to give you the best deals of Holiday Shopping season. Everything that you need to know coming up. Plus legends of rock for a price, items from the worlds greatest musicians going up for auction. We have a look at them. Mornings with maria is right now. Maria check european markets this morning. Dax index in germany higher by 47, third
Within a difficult market. Whatews flow dominated by is happening between the u. S. And china on the tech front. Of we chat andds tiktok will be prohibited. The Commerce Department said the Chinese Communist party has demonstrated the means and motives to threaten National Security, Foreign Policy of the u. S. Joining us now is bill faries. Overall take on this, and a potential chinese reaction . Is trying to. Raise the pressure to get the parties to some kind of a deal here. They will basically allow tiktok tiktokhey are telling that will not be able to upgrade, do any servicing this sunday, and banning the use of chat in the United States. There are some carveouts, and i think that is why the u. S. Wants to find some agreements. Tiktok is not being banned officially until midnovember, november 12 is the key date. Involveds the parties some time to reach an agreement to address some of the National Security concerns that have been raised. Overall, i think it is probably more of a posi
London. Gold is on the move. I also wanted to show you lvmh. It is down quite significantly investors inted disappointing investors with earnings. The picture is that stocks and u. S. Futures are pushing higher today. Cooling somewhat but it did touch 2000 late yesterday. Dropped after the french luxury conglomerate reports earnings that missed analyst expectations because of the lockdown. Lets get straight to the bloomberg first word news. Here is leighann gerrans. Good morning. Senate republicans have unveiled a 1 trillion plan to bolster the economy. The package, announced by mitch mcconnell, includes an extension to Unemployment Benefits but at lower levels. It includes cash handouts of protection from virus lawsuits. We have one foot in the pandemic and one foot in the recovery. The American People need more help. They need it to be comprehensive and carefully tailored to this crossroads. That is what this Senate Majority has assembled. Meanwhile, nancy pelosi delivered a harsh as
But we had a revision higher for report strength. The u. S. Economy is resilient. The fed is in a good spot with where the data is. I dont think the fed does anything differently other than a pat on the back. A pat on the back for chair powell. This is a pictureperfect soft landing is what they are track for. Jonathan here in new york is bob michele, priya misra, and gershon distenfeld. Priya, a solid payrolls report. I thought we would start by making up excuses for a weak jobs number. We got a strong one. Priya we went in looking for a weak number with the gm strike. I dont think the number told us a whole lot. We have known that the labor market is strong. Is, is the big question Global Growth slowing down . Is the manufacturing slowdown . Is that impacting the labor market, i think not yet. It solidifies this whole fed hold. When businesses have cut back on capex, they will have to cut back on hiring. It is not yet so far. Jonathan the jury is still out on this economy . Priya it i
All right. David i dont consider myself a journalist. Nobody else would consider me a journalist. I began to take on the life of being an interviewer even though job of running a private equity firm. How do you define leadership . What is it that makes somebody tick . You are seen as somebody who has said there might be a chance of a recession at some do you see point. Any a chance for recession in 2019 or 2020 . Ray i am big on principles. I think it is port and to understand how the economic Machine Works and so i want to take a few minutes and get into the important things that pertain to a recession. A recession, whether there are two negative quarters of gdp, we will be hovering fairly close to that level, but the bigger things are a combination of the absence of effectiveness of central bank policies. I hope we can talk about those, together with the wealth gap so when the next downturn comes, what that will look like socially, politically and so on. The elections, which is an is