Advisor has resigned. It comes one day after President Trump fired mark esper. Not give a reason for his resignation. A vatican investigation to x Cardinal Theodore mccarrick has found bishops, cardinals, and popes downplayed or dismissed reports that he sexually abused children and adults. The vatican took the extraordinary steps today of publishing its twoyour internal probe into mccarrick. The report places most of the blame on the late Pope John Paul as 1999, newarly that the behavior was problematic. Global news 24 hours a day, onair, and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. Im Mark Crumpton. This is bloomberg. Vonnie it is 1 00 p. M. In new york, 5 00 p. M. In london, and 2 00 a. M. In hong kong. Im vonnie quinn. Welcome to bloomberg markets. Here are the top stories we are following on the bloomberg and from around the world. Will there be any thawing of relations between china and the u. S. Under a biden presidency
Bonds elsewhere in the world. Thechinese yuan weaker than dollar after the pboc trying to rein it in. Lets go back to that stimulus stalemate we have been talking about. Remaining deadlock in washington, with President Trump and House Speaker nancy pelosi blaming each other over the lack of progress. The president has sent shifting signals on the amount of stimulus he wants. Pres. Trump republicans want to do it. We are having a hard time with nancy pelosi. She thinks she can influence the election. I think they are hurting themselves by not doing it. Kailey joining us now is kevin cirilli, bloomberg chief washington correspondent. What are the odds we are going to get a deal before the election, and if we do get one, what are the odds that it can actually pass the senate . Kevin in terms of the reporting i have done, i think there is a high likelihood there will be a deal by the end of the calendar year. Whether or not it happens before election day, that is a large unknown. To be can
Lines. That means for democrats, 2027488000. Republicans, we want to hear from you at 2027488001. Is endants, your line independents, your line is 2027488002. You can text us your opinions at 2027488003. And we are always reading your opinions on facebook and twitter cspanwj. President trump is expected to reveal his pick for the Supreme Court later today at the white house, and several news organizations are reporting the picked to be federal judge Amy Coney Barrett. In fact, we will read a couple of paragraphs from the latest bloomberg story announcing their sourcing on the cake, heres what they said President Trump has told associates he will nominate amy barrett to replace Ruth Bader Ginsburg on the Supreme Court, according to people familiar with the matter, a move that could cement conservative control of the judiciary weeks before election day. If confirmed by the senate, barrett in the 48, would become the third justice appointed to the ninemember high court by trump. She is no
Particularly for you. Having spent so much time close to her, what did you see about the greatness some of us do not get to see just watching her on the bench . Was a Justice Ginsburg surprising person in many ways. She was shy and retiring and super serious, and yet she had an extraordinary sense of humor. She loved to laugh. That is part of the reason she was able to maintain such great relationships with all of her colleagues on the Supreme Court and with everybody who worked with her, including her famous friendship with justice scalia. It was interesting to get a little bit of a window into how practical she was, how strategic she was. Person a very strategic and i think you see that in a lot of her rulings. In honor of a lifetime to tell her story. David one of the things that strikes me as remarkable is we forget when she started out, it was not recognized that the equal protection clause even applied to women and she systematically i got to see one of her arguments at the Supre
Signs that the economy is on the mend. You have the manufacturing report that showed us back in positive territory. Manufacturing is no longer contracting and it confirms the positive reading we got in last weeks empire manufacturing. Indicators higher than expected on the other hand, jobless claims coming above one million. A waitandseein mode. We have seen the s p 500 go to the nearest peak and then last thursday happened, a sharp drop with a longoverdue pullback. We briefly dipped below 2000 in the s p 500. Recovery once again is the Federal Reserve gave more details on its plans to buy corporate bonds, not just , but individually, which resulted in a 77 point range in the last three days. We can see the dip come back again as a mantra for the markets. Volume has been lighter than average. Perhaps that plays into it. Maybe we will see volume pick up once again after that but we are after memorial day. David i look forward to this. Thank you for that report on the markets. John bolto