Nation, be the ramifications are worldwide with the first votes in the two towns of Dixville Notch and mills field, New Hampshire, and then on to the polling occurring right now. With that is information flow, and jon ferro, weve got to bring it right up to the moment. One of the candidates in on his favorite network. Mr. Trump saying he will only declare victory if there is one. I guess that is a change. Jonathan the president adding he think she is winning in texas, florida, and pennsylvania. It might be a little bit of a change, but it is subtle. I dont think the president was ever going to say that he would call the election result if there wasnt one. That wouldnt really make sense. But it does speak to the tension that is coming into this election day in the United States of america. Really absolutely massive area of division between these two candidates at large and the company is split, but the interesting split for many of us looking at this play out is between the early voting
I do want to talk about the resiliency of american corporations to adapt and adjust , whether it was Johnson Johnson a bit ago, the seven could jillian dollars the seven gajillion dollars at blackrock. Thenow the story, executable excellence we are seeing in the statistics. It is going to be fascinating. Jonathan it might be too early to say the gloom of pandemic is behind us, but it might be time that we talk about the provision build of these banks. The number comes in at 611 million. I think that is the positive out of this Earnings Report this morning. Talkednali basak really about that being a key statistic, and it is better than good. I go back 10 minutes ago, the idea that they suspended share buybacks, and yet theyve got enormous Free Cash Flow available for Dividend Growth and maybe some share repurchase. Granted, youve got the mystery of what commercial real estate is going to do. Jonathan i imagine their Capital Return Program will change drastically in about 12 months time.
Jon ferro in london, tom keene and Lisa Abramowicz in new york. It is a Fourth Quarter with an election in it. I love what Kevin Cirilli said. Is it going to be not election day, but election month . We will have to see, harkening bush gore. Tower hudsonf looking for a melt up. Jonathan right now i think we are playing headline roulette around fiscal talks. There is still a gap that is apparently narrowing a little bit. One thing we dont know, one thing we cant figure out, is whether this is just posturing ahead of the election, or whether both parties actually want to nail down a deal this week. House democrats delaying a vote on that plan to see if talks today actually generate something positive. Tom we will have to see as well. Opening up here with the markets, futures up 32, dow futures up to 34 in a nicer lift up 234 in a nicer lift. Ive got to go to a conversation with Speaker Pelosi that david westin will have in the noon hour, and i wonder if she will want to negotiate. Jonath
Radio and Bloomberg Television across this nation. It is not a usual august. It is highly unusual, different from 1998. Certainly some of these trends are draw dropping are jawdropping. Bonds participate. It is decidedly risk on. Lisa although you have to say, when you got a 10 year yield below 1 , to say it is a decidedly different tone with yields going up indicates just where we are in this cycle. I will say, also important to note that is yields rise, bond prices down, you are seeing real yields remain deeply negative. Tom deeply negative and plunging right now. 1. 00s the right word, at and now at 1. 03 on the u. S. Tenyear. That is a really extraordinary drop. Saw,own near the lows we but this will be a huge theme. What will you listen for from chairman powell on thursday . Lisa basically, how much they are going to keep yields low and how much they perceive themselves looking at the reality of the economy today. I really think it is important to note that even as yields move up,
Each year. We are thrilled francine could join us on the simulcast because we actually got lucky with what has happened with the scheduling. In france, with some shockingly weak Economic Data. Francine this is pmi. What a delight to be spending four or five hours together. I think they are trying to see who breaks first. My money, i dont know if it is on me are you, actually. We will see after the second hour of the simulcast. France coming out with pmis that were pretty terrible, and that has taken the market by surprise in europe. There was that and germany. Both leaders saying they are hoping not to go into full lockdown again. I know you are also watching the u. S. Postmaster general testifying to the senate. It has really captured the. Magination of europeans tom weve got to postmaster general testifying today, and the huge backstory is do they fold the post Office System challenges into further stimulus. Jeanne zaino made it very clear it is to mr. Trumps benefit to have that dea