President elect joe bidens transition will start with a plan to curb coronavirus as u. S. Cases top 100,000 again. President trump with legal challenges. Riskon kicks up again. Global equities head for records on optimism which abound on the Biden Administration. The dollar is weaker. Itsman sachs slashes target. Global response. She looks forward to remove partnership. Angela merkel says the transatlantic friendship is indispensable. Good morning from dubai. Great to be back together with you. I was watching you this friday from the gym as usual. This market has not got a concession speech. This market is euphoric. This market could be seriously misguided. They take us to a moment that the reflation trade, you might have to wait until the end of the Second Quarter so if you look at bernstein, goldmans, they are all saying the same thing. The reflation trade might be stymied on a gridlocked senate. Good morning. Annmarie certainly. Its clear the democrats are going to take the white ho
Clearance. A grand reopening. Thee johnson will outline strategy today, expected to include an increase in Community Testing andriy incorrect reintroduction of tougher restrictions. Biden iselect joe said to have landed a longtime advisor as his secretary of state as the president reportedly moves closer to banning tech exports to dozens of chinese companies. 7 00 and in london, from first, and 10 00. In three weeks, there will be a vaccine for everybody and herd immunization. This is the standout note from fauci. We will vaccinate. 7 of the population. These are big ambitions. Annmarie they certainly are and the news over the weekend from the head of warp speed saying we could start in potentially three weeks, but it is only going to be december 10 when the fda looks at approval for the pfizer vaccine. You made a good point this morning, the fact this is the developed world. What remains in the developing world could be a difficult picture. Isus a question for markets if so risk on, t
Irelands Prime Minister told bloomberg that the outline of the u. K. E. U. Trade agreement is clear on both sides, but it is not clear that Boris Johnson wants a deal. Has let is set to join the s p 500 next month as its biggest ever new member. Just one hour to go until the start of the european trading day. We have the numbers from easy just. The Lowcost Airline is he easy jet. 4. 5 . Down this is a fullyear set of numbers bearing in mind when the end of the easyjet fullyear is, in november. The revenue is attached below the estimate of 3. 08 Million Pounds. Get to something that loss, 835e, pretax million. That is one of the things we need to understand. It will not the recommending payments of a dividend. A big question for is a jet when we get to see the ceo is, is november the worst of it . Hsbc saying that november may be as bad as it gets for the european airlines. Doesnt feel that way from the aviation flight deck, for could things become more difficult as we get through the w
Entered a new wave of cases. Europes twin battles. E. U. Leaders make no progress. Chancellor merkel says finding compromise will be difficult as france and belgium are said to have urged e. U. Leaders to step up contingency plans for a nodeal brexit. Very good morning to you and happy friday. What a week it has been. Witharted the week off optimism and euphoria with markets on a high into vaccine news and we will be ending the week on a much more sobering tone. The news coming out in the United States, california imposing a new curfew, with pressure on officials. We wake up to a public clash between Steven Mnuchin and jay powell on unused lending funds and we saw that hit the futures market. S p 500 futures paring some of those losses. We have nasdaq futures relatively flat this morning. Treasury yields steady. In the pound, north of 132. We do have sources telling bloombergs that Emmanuel Macron is urging his e. U. Counterparts to start drawing up contingency plans for a nodeal brexi
New york orders fresh measures to stem the spread. Cases in texas exceed one million. Risks. Ing the Christine Lagarde says all options are on the table to fight the crisis. She will be joined by the boe governor and fed chair. It is the ecb for. Warm welcome to the show. We are waiting for numbers to cross the tape. It is europes single biggest engineering company. I think youve got a little bit of merck. How are the merck numbers looking . Good morning. Annmarie pretty strong. Third quarter net sales coming in ahead of estimates at 4. 45. The estimate was 4. 3 8 billion. Net sales higher. That was a beat on merck. We will speak to the cfo. , inthing to look out for august, he thought it would be another 15 months to a vaccine. Im wondering if that timetable has changed, given the pfizer and biotech news. Biggestt is the Single Company in the world. They did better than some of the others in terms of their stoicism through this. Profit rises into 2021. Thats the key take away from thi