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Ireland, so we are watching the pandemic on those fronts. It wealth story right now is the welsh story is the most serious clampdown. A circuit are being brought in with the hope and expectation that could be lifted after two weeks. Tom and on brexit, im thinking fishing rights. There is an update. It is the end of october, we are getting what is the brexit plan the rest of this week as we are all distracted in america . Anna it seems as if the u. K. Government is still waiting for concessions on the e. U. Side before jumping back in to any kind of talks. Sidewants to see the e. U. Actually verbally explicitly say they will concede something in order to get the talks restarted. We will see whether the e. U. Jumped at the chance or not. Tom we will get to the data in a moment. Futures up 18, a lift off what we saw yesterday afternoon. With first word news in new york city, here is ritika gupta. Ritika House Speaker nancy pelosi and ....
14 days to the election. It is a tuesday october. Obviously. Lettingpreme Court Pennsylvania go after that election to count ballots. Weve got lots of politics to talk about, and extort an area markets after the drop yesterday that we saw. How much do you think link yesterdays 700 point down drop to stimulus . Jonathan not me, but i think other people might make that link. I think if you want to make that inconsistency an because treasury yields climbed. If you think all of this stimulus was going to drive yields higher, then stimulus talks pulling apart would mean lower yields, higher yields. I think the temptation is to take every single piece of price action and draw a line back down to d. C. From wall street. Israelcretary mnuchin in for the important siding of the united arab emirates, israel, and United States of america. He will have a call with pelosi. Pelosi is go ....
13 days out to the election. Weve got lots in this hour. Wendy schiller of Brown University will join us on the changing political landscape. There is Market Movement today. We will talk equities in a moment with james bevan. I love his work on a more longterm perspective. Lets go shortterm. Where in the bond market argue focused . Jonathan long end, of course. Front end anchored, a bit of a snooze. And youre starting to break out a bit over the last 24 hours, just north of 80 basis points. Just around 95 was the intraday high in june. We have not reclaimed that level. Whenever we see a price move like this, it is a bit more fuel for the reflation narrative. It is price first, narrative second. Tom i saw just a little bit breaking out to higher inflation. What is the significance of the vanilla spread, the difference between the 10 year and the twoyear yield, back to march ....
Awaits me tomorrow into next week. It will be interesting. We are dealing with it here on surveillance. Day monday in america, and its a very late labor day. Maybe the calendar year starts september 14 for the business year. We start strong with our first word news in new york city. Ritika the timing may raise some eyebrows. The cdc is saying that a Coronavirus Vaccine could be ready by november 1, two days before the president ial election and an aggressive goal that would require reviews by then. The virus has killed the most 100 85 thousand americans. Polls show biden leading trump in three swing states that President Trump won four years ago. Ayden has the edge in wisconsin, North Carolina, and arizona. In all three biden shows strength in women and minority voters. Visits to college campuses, meetings with loc ....