The focus certainly on the u. S. Not only for the infections but of the transition period and what we can expect from the markets. The markets looking at some caution, we heard from Central Banks saying look, the vaccine is not going to be a cureall. If you look at what investors are trying to assess, it is additional stimulus, an economy that has been battered by these coronavirus cases that we have seen going up and up. Treasuries adding to the gains, and if you look at other things we are looking at, you know, the dging higher afterword that Dominic Cummings will leave his role with Boris Johnson at the start of the year. Now lets get to the bloomberg first word news in london with laura wright. Hi, laura. Laura good morning, francine. Powell, ecb president christine lagarde, and Andrew Bailey used a Virtual Conference to highlight the risk. The post pandemic economy will be different in many ways. The 2020 election was the most secure in american history. They say there are is no e
To the importance of signal of folding below a 1 year yield. The twoyear is many people will be discussing emergency fed action. Francine yes, i think that will permeate through what we look at everyday, bond markets around the. World lets get to the first word news first word news in new york city with vienna or title. Viviana we begin with the first moving developments to the coronavirus fastbreak. The japanese island of hokkaido went quiet after the governor declared a state of emergency. New zealand and lithuania putting their first infections. South korea has more than 2000 cases. The u. S. Is moving to expand the number of people being tested. Health Authorities Say they will test anyone with unexplained severe respiratory illnesses. J. P. Morgan is joining other Corporate Giants in restricting travel, the bank saying International Business trips will be limited to a social travel only. Previously they had limited travel only two regions hardhit whether coronavirus. Oil is on tra
Good morning, everyone. Good afternoon if you are watching from asia. This is bloomberg surveillance. I am in italy for the ember city ambrosetti forum. Lot to do with the economy, the trade war, with no end in sight. Although the two sides did decide to meet her we go back to our wall of worry. What im looking at. European stocks were up at the open a touch, now they are down. 1 . A lot will have to with the number we get from u. S. Jobs. Looking at treasuries, they are slowing some of the declines we saw yesterday and we shot a sharp selloff. Im also looking at gold. It is probably the perfect litmus test when comes to risk on or risk off. And wti, there is little change their. There. So we will get back to the markets and great interviews, but first, lets get straight to london and first word news. Hong kongs Credit Rating has that is as months of persistent protests and violence continue. Fitch says it is testing the framework that governs the relationship with china. Carrie lam sa
Never really be one of them if you have been born into thats. What makes them so elitist is that power is shed only among a few years professor michel hopped among germanys best known expert on elites need to delete some people in positions of power it has nothing to do with fame or with wealth necessarily in the world of business there is some overlap but in general elite means power marked. By the elites make up only a small part of society but they may decide which direction society is headed thats what well be looking at today on made in germany is the idea of social mobility a myth. Well lets face it a lot of what makes elites so powerful is Money Management of rich peoples pocket money has become an industry in itself all big minds now run whole departments that it caters to the financial needs of the wealthy private clients but more and more High Net Worth individuals have in addition to the bottom of the made in the garden or their own inhouse finance professional and the Inves
Shots in society and business and they stay amongst themselves you can get rich and successful you can even get elected into highest office but he will never really be one of them if you have been born into thats. What makes them so elitist is that power is shed only among a few professor michel whop among germanys best known expert on elites. Elites are people in positions of power it has nothing to do with fame or with wealth necessarily in the world of business there is some overlap but in general elite means power. By the elites make up only a small part of society but they may decide which direction society is headed thats what well be looking at today on made in germany is the idea of social mobility a myth lets face it a lot of what makes elites so powerful is Money Management of rich peoples pocket money has become an industry in itself all big minds now run whole departments that it caters to the financial needs of the wealthy private clients but more and more High Net Worth i