College we need to focus on. Tom not only be Electoral College but the outcome. Divya weston gets to Election Results on the west coast tonight. There are any number of ways to slice it. My opening comment for the next 30 hours is simple. We have seen this force. This is part of america, it deeply divided america. There is nothing new about that. What is new is the social media, the cable tv concentration, the emotion in your face. It used to not be that way. Maybe we can all get comfortable by milford, New Hampshire, where they voted early, probably without tiktok or twitter. The last when its time we talked about a not so peaceful transition of power in the u. S. . We talk about possible social unrest in the u. S. I was speaking to a senior banker yesterday at one of the largest swiss banks, and he said the Trading Floor is fully prepared overnight to see whatever happens, they are prepared. It could become if there is a big surprise, it could be see extra so we will market checks to
Kolanovic, just named number one in two categories, equity linked strategy and added to institutional researchers hall of fame. Its a big billing marko, welcome thank you, scott. Lets talk about where we are now and where we were when you made a big and important call back on march 24th, you said the following many taking into account the unprecedented monetary and fiscal measures being implemented as well unprecedented ambassador et sse over thepath month, our equity target is achievable in 2021 we sit about 4 away on the s p. It was a great call. I know our viewers want to know where you think were going now, though thank you, scott. So we are still broadly positive on the equities. As you said, we came a long way from march our price target right now is 360 for the s p 500. Obviously there is an important cat list so there is a relation based on the outcomes but broadly still positive what is it based on what can people take from this price target, which the team over at jpmorgan, w
Should be defunded, the left is worried that the president may rally the countrys morale and they cannot have that, Speaker Pelosi, treasury secretary mnuchin, they will talked again about the stimulus plan, the far apart on the size of the package but they agree on extending emergency payment, they are still talking, nbc held a town hall for joe biden last night, no questions about packing the court, offering statehood to puerto rico in washington, d. C. , who the democrats were put on the Supreme Court, it really was soft ball city, maybe that changes in the Vice President ial debate tomorrow night, mike pence faces off against Kamala Harris, plexi glass screens will separate them. 910 minute segments, the president s leadership on covid and mike pence pushing hard on the issues, this could be the turning point in the election which is four weeks away. All of that is politics, now money, big gains across the board monday for the stockpackas morning, the dow industrial looking at 130p
Merkel is said to have warned germany could exceed 19,000 cases in a day. Trump and Joe Biden Square off in the first president ial debate tonight. Bloomberg television and radio will have special coverage and analysis on the headtohead. 6 00 a. M. In london, 7 00 a. M. In frankfurt and 9 00 a. M. In the difc. Differencell it make to markets who wins technically . Tell you what is questionable, who is the greatest of them all . Slightly schizophrenic in the equity market but do you want to walk naked for the next 30 days into an election and be short the dollar . We will take a look at the dollar. Kitties is the carry trade getting unpacked. The short dollar by the e. M. Buy the em. This is the biggest losing trade out there. Bmp into the election, high vol, there will be a better opportunity. The fx carry trade is down nearly 3 this quarter, adding to the dollar. Do you walk naked into the woods into a u. S. Election with no dollars around your neck . Lets talk about the markets, the
Once again along the gulf coast. The story of this storm, this hurricane will be that of the flooding rainfall. Were talking about a catastrophic and lifethreatening flooding situation. As you mentioned from southern mississippi all the way over into southern alabama including the mobile area, also into the panhandle of florida where the conditions have been very serious out towards pensacola. Now the wind, intensity of the storm coming down, moves further inland this afternoon. It is slowly crawling inland, neil. Only five miles an hour. It means relentless rain will continue over the same hours for hours and hours, resulting in that flooding. If that flooding that were alerting people and businesses to across the southeastern United States as the storm continues to move off to the north and east, that risk for serious flooding is going expand into georgia and up towards the carolinas the next couple days. It is really important that people and businesses be prepared in those areas. T