Questions were raised over astrazeneca trial results. The ceo telling bloomberg within the last few minutes that it will now likely as a result run a new global trial, saying, now that we have found what looks like a better efficacy, we are going to have to validate this, and we need to do an additional study. It looks like it is going to be half of those full dose that could produce a higher efficacy then maybe a full dose. Europe and the United States continued to struggle with containing the virus resurgence. Germany is seeing a record increase in new cases, while new york cases are approaching 7000, hospitalizations hit their highest since june. Here was more is bloombergs, china here with more is bluebirds emma chandra here with more is bloombergs emma chandra. Emma astrazeneca are going to look to have a no other global trial to test the efficacy of the half dose, which they think will be better, and getting some more troubling figures out of large economies. The likes of new yor
There is the thenwhat later in the week that will be interesting. Francine right. Depending on whether it is a contested election, that is what i keep hearing on the markets, that if it is contested we could see a lot of volatility in all sorts of asset classes. And of course, there is a bit of news on brexit, and coupled with news on restrictions in the u. K. Economy, it is giving us more neutral pound going forward. Lets get to first word news with ritika gupta. Ritika good morning. The president ial campaign is in its final full day. If there is of polls show joe biden leading President Trump nationally and in battleground states. Some of those states remain extremely close. Candidates will Campaign Today in pennsylvania. The state is vital bidens chances, and it could become almost a mustwin state for the president as well. The white house slammed Infectious Diseases chief Anthony Fauci after he ramped up criticism of the way the coronavirus pandemic was handled. He told the Washin
Francine we will have plenty more on that throughout the day. Lets get to first word news with ritika gupta. Ritika no murder charges in the Fatal Shooting of breonna taylor. A kentucky grand jury chose not to file the indictments against any of the Police Officers involved. A single officer was charged with wanton endangerment for firing into neighboring apartments. The decision has sparked outrage and renewed violence. At least two Police Officers have been shot. President trump says the Supreme Court will likely have to decide the outcome of the november election. Hes arguing he needs to confirm a new justice to replace ruth bader ginsburg. Hes casting doubt on the validity of the election, reiterating his criticism of mailin voting. Idea of challenging the virus is gaining. The study speeding up research but raises ethical questions about exposing people to a potentially fatal virus. Global news 24 hours a day, on air and at bloomberg quicktake, powered by more than 2700 journalist
It is the end of an era, possibly. Prime minister shinzo abe plans to resign for Health Reasons. He is expected to make an announcement imminently. Jerome powell plans to let inflation and unemployment run there if he can get them in a ship that will likely keep Interest Rates low for years. Tiktok. Battle for walmart joins microsoft making a joint bid for the apps u. S. Asset. Can they fend off oracle . Just under an hour from the start of cash trading in europe. Lets look at futures this morning, even as the nikkei 1. 4 , you know, it had been gaining, the topics and the nikkei had been in the green and both fell. European futures are holding up. We still see green arrows on ftse and dax futures. Take a look at u. S. Futures. Green arrows there as well. Even after alltime highs once again hit yesterday on the s p and the nasdaq and the shinzo abe resignation report pulls down japanese stocks, u. S. Futures holding strong. Atside of japan it remains risk on and to the week. Anna a lot
Bloomberg surveillance. We welcome all of you. Markets on the move. Price upcoming yields down. With that away important claims number. Jonathan just a sense of risk aversion. Everything you expect playing out. Ive said it before, i will say it again. For most people come of the gdp numbers are for the economic historians. The payroll claims, the jobless claims are for the traders. Intothe high data folds the ugly gdp report. What do you see within your reading of the linkage of the American Economy into your bond market . Lisa that is what i am struggling with right now. I was looking at the yields, the rate that these companies are charged to borrow money. The yield is almost near a record low at about 0. 5 away. What is the message from that . Economically, how do you connect that to anything going on with the jobless claims, other than just what the fed is doing to stimulate growth . Tom jon ferro, answer the question. How can you have a default dynamic that we have right now . We