By 7 . Will rise the trade balance is expected to be at 53. 75 billion in u. S. Figures. In november, in terms of export, it is showing the overall chinese economy with the recovery story. The dollar index is flat. Sterling is under pressure. Go at 1837 u. S. Dollars. Lets head to new york and get the first word news with Karina Mitchell. Numbers continue to rise with President Trump revealing Rudy Giuliani has tested positive. The news reported you has been hospital. He the Administration Says all of americans who want the vaccine should get one by the middle of next year. Several states have record infections. The u. K. Will roll out shots tuesday, while they going to partial lockdown. Iran will raise Oil Productions under the new administration. Joe biden wants to revive the Nuclear Accord dropped by President Trump. Tehran is ready to raise output within three months. Iraq is nudging production higher, while insisting it is committed to the latest strategy from opec and its allies.
Use authorization its covid19 vaccine. You can see pfizer punching up about 1. 7 at the moment. Remember that were looking at a comeback perhaps late in the day, in the next 59 minutes, because that is the dow had fallen 430 points, now we are down just 116. Any gain for the s p, the russell or the transports means another record. Were not there yet right now. The nasdaq up 9 points. Fed chair Jerome Powell also giving markets a boost by calling on congress to get moving, already, on a new stimulus package. Former chair of the council of economic advisers under george w. Bush and now Columbia Business School emeritus dean, Glenn Hubbard is here on whether we need it, how big it should be and how worried he is about the precarious recovery. The ceos of facebook and twitter forced to run the Senate Judiciary committee gauntlet on capitol hill once again. One senator equating the social media sensations as quote, modern day robber barons. The ceo of whats being called the antifacebook is
Priority. Pandemic under control is his top priority. Good morning, everyone. Welcome to bloomberg surveillance. I am Francine Lacqua here in london. A lot of the focus is on the number of infected with covid19. At bond growth, a lot going on, treasuries, for example, rising. Overheated equity markets, the deteriorating coronavirus situation in many countries. Oil demandtting its outlook, saying they will not rescue the market, and then i got a look, not very often, but coming out with figures that were not great but were better than expected, leading to burberry gaining one point half percent. 1. 5 . Now lets get to the bloomberg first word news in london with laura wright. Hey, laura. Laura good morning, francine. The recovery is being derailed by a rise in virus cases and a. Ew lockdown president elect joe biden is naming longtime aide dr. Vinjamuri ron claim as his chief of staff. His leading role during the Health Crisis of the Obama Administration leaving the white house in the 2
A lowerures point to open on lockdown news. Fears rise of a prolonged economic slowdown. And u. S. Equity futures trade higher. 24 hours to go. The president ial campaign enters a final stretch as donald trump and joe biden focused on the key swing states of pennsylvania. Biden leads his rival in a series of weekend holes. It is 6 00 a. M. In london and dublin. Ryanair. Good morning. We have an expectation for more losses. First half losses, record losses in the second half relative to the first half. Theres a couple of lines that are critically important. 1. 18 billion. There is no fullyear guidance going into 2021. As Michael Oleary and the rest are facing new lockdowns and the u. K. In terms of no leisure travel, it must be essential travel. This is the message from Boris Johnson. It could be extended. Ryanair expects record losses in the second half but theres one line here and we will put it to Michael Oleary himself. He joins us very shortly. Putting measures in place to owned. A
This is boom bust so one business show you cant afford to miss friendship or in washington coming up the federal Communications Commission has moved to target social media giants following outrage over alleged censorship straight ahead well dig into what the moves mean for the new Public Square plus amidst a pandemic sports are in need of distraction to cope it has wreaked havoc on nearly every major league later im going to bring in a panel to analyze the financial state of the industry we have a packed show today so lets dive right in. And we leave the program with the latest in the world of social media in a week that has been nothing short of head spinning in the tech world we have new developments on friday as the federal Communications Commission is indicating that it may begin to regulate platforms over censorship on thursday f. C. C. Chairman i said that the agency will seek to regulate social media platforms like facebook and twitter at the behest of the trump administrations