Economic damage can be avoided. Speaking today, the ecb president Christine Lagarde said there is no doubt the pandemic will have a longterm impact on the global economy. It is clear that covid19 will cause lasting changes to our economies. Ourill not necessarily suck economy potential, if we act powerfully. But it will cause sectoral and societal shifts against which we have to guardian be prepared. Mark according to a new ecb report, governments and Central Banks face a tricky balance between shocking the economy if they and the pandemic support to soon and undermining it if they keep measures in place to long too long. Global news 24 hours a day, onair, and on bloomberg quicktake, 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, 6 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 an
While pennsylvania and vada have become the latest states to certify him as the winner. Its a team that will keep our country and our people safe and secure. Its a team that reflects the fact that america is back. Ready to lead the world, not retreat from it. Once again, sit at the head of the table, ready to confront our adversaries, and not reject our allies ready to stand up for our values. U. S. President donald trump, is taking credit for a wreck or day in the markets. The dow jones index reached and historic high on tuesday, following the transition developments and progress on the chrono virus that seems. If european government says to gray and Regional Forces have started to surrender, the government gave the rebels until wednesday to lay down their arms or risk a final assault on the main city. Mcalary warning people to leave the area to graze. Leadership denies surrendering claims. An Ethiopian Military division has been destroyed. 14 people have been killed by 2 explosions a
To president elect biden Energy Continues a monster move higher the oil and gas etf up 13 in the last two days. Despite the steady increase in covid cases vaccine developments are continuing to help the likes of the airlines, cruise stocks, retail all surging higher today as we cross that 30,000 level once again, to check it we are still above it will we say that 59 minutes left to trade. 29 points above it. On todays show, two voices to help explain the dows record rise in just a few minutes Jeremy Siegel will join us and later Liz Ann Saunders plus former testry secretary jack lew will discuss president elect biden pick of janet yellen to lead his treasury administration. Lets get the latest from wall street mike santoli is tracking the action to led us to dow 30k. Certainly the story today because of that big round number i am going to keep it consistent, though, and take a fwlims at the s p 500. Similar look in every respect in terms of getting back up pretty much to an alltime hig
With that light wind overnight, look at the temperatures, dropping into the low 30s in the north bay, 31 in santa rosa, 32 in novato, 33 in livermore with freezing conditions in the san ramon valley. 39 in oakland, cold for oakland, anywhere from two to seven degrees colder this morning, along the shoreline and your forecast calls for plenty of sunshine, upper 50s by noontime. By the afternoon weve got low 60s around the bay and looking at another clear and cold night tonight. Temperatures are going to stay on the mild side. Well tell you how mild and talk about the rest of the weekend, the week ahead, coming up. Liz . Lisa, thank you. Today is Small Business saturday as we mentioned, but no matter the turnout, some berkeley shops are getting some extra help. The city of berkeley raised millions of dollars for a relief fund. Abc 7 News Reporter luz pena spoke to the mayor of berkeley who says there are still more ways for the community to now chip in. Reporter may 2020 marked ten years
Woman back home who are bones about their duties and social homes and inform them of old dead bees and writes my name is the amount of people and i work its easy to. Be. As counting continues and one of the fiercest election battles in u. S. History we take a look at what the next 4 years could mean for transatlantic trade. Also coming up 2020 has been a disaster for the Aviation Industry around the World Airlines and even airports are on the brink of collapse. Britains 2nd lockdown is expected to hit Small Businesses especially hard now the bank of england is stepping down and. This is the deal beef is no sign paper this and welcome to the show. Global markets are in course to end the week higher as investors continue to puzzle out the consequences of tuesdays still undecided u. S. Election in asia indexes in hong kong and shanghai looks set to finish in positive territory optimism about a vital presidency would know where tensions between china and the u. S. And improve the countrys