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Im Francine Lacqua. We track the markets and policy. We look at statebystate, the difference between joe biden and donald trump to figure out what will happen overnight. What is clear is we are getting quite a lot of volatility. Volatility spurred on because there is concern there will be civil unrest if certain votes are not counted. There is concern out there in the press we could see civil unrest if the candidates of whoever does not win actually sees people go out in the streets. Stock climbing globally for a is americanbut it president ial election day so currency traders are taking the brunt off for the increased volatility. I spoke with one senior banker yesterday who said in terms of the trading floor, they will have pretty much full staff overnight to see what happens. When i asked about havens, it is difficult, he said, what would constitute a haven. A bit ofee the vix, elevation earlier on. The pound dollar. , for the ....
Others of the planet. Serious. New lockdown in melbourne. Difficult news around the world on cases of the virus, john, even though the death statistics are good. Lisahan on this recovery,. [no audio] lisa garage of fed speak. We will hear from raquel bostic and tom barkan. 10 00 a. M. , another read on the u. S. Labor market with the job openings data. This is key. President trump participating in a forum on reopening schools. Until schools we open, we cannot get the economy fully up to speed because working parents cannot get lives back to normal, a key debate when you want kids cap safe kept safe. Jonathan equity futures down. Hours, all about Global Equity market rally. U. S. , nasdaq back to alltime highs, up 60 yeartodate. The question. How do you tilt away from the u. S. When it is the home of mega cap Growth Stocks . I want to begin by asking the question to james. Help ....
We welcome you in different localities around a beautiful and recovering new york city. You see that on the stock market this morning, with equities up nicely, and yields higher. Safe havens a little bit in retreat. Jon, what is your observation on a tuesday as we move through the week on how this market is doing . Jonathan the focus quite clearly, reopening. Views are still polarized because the near term are so binary. Either reopening is a success, or it fails and we get a second wave. It is one or the other in a nearterm, at least. Tom one of the things that is so important is when i look at the recovery that we are in, it is predicated on the next round of stimulus. Why do i need a round of john norman at j. P. Morgan is telling me we are in some form of recovery . Lisa a lot of people are expecting the federal government p enhanced Unemployment Benefits. There is expectation baked in that that will continue. My questi ....
Then we got hit by a pandemic and now we have mass unemployment and things like that thats the fear system leaving and this is the the hardening system the hard money system and touring and to join us through this time we have gear mo who we we met in mexico city said am ex say he was so wise and he told us about hard money so hes actually pretty hard if you pick him up its really hard unlike plucky who eat took with us through the central banking field idea of corn chaining hes quarantining but hes really floppy you know he can barely hold the worlds most famous central banker hes the most famous central banker but this is hard money era so we have a stone cold headed just like your jacket weve been signaling this so we have to join us to talk about briefs for the deepest recession on record says bank of america analysts as jobless claims surge to 6600000. 00 they believe that Unemployment Rate is going to go to 15. 6 percent ....