Are attempting to interfere with the president ial election. They say there was no hacking involved. 12 days until the vote. Spain is the first nation in western europe with one million virus cases. It comes as u. S. Hospitalization rates reach a two month high. Stimulus, the wrangling continues as the white house says the goal is to reach a deal in 48 hours. The pound surges the most in six months as the u. K. And European Union will resume talks over a postbrexit trade deal, just a week after Boris Johnson walked away. Negotiators arrive in london today. Its just gone 6 00 in london. It is 1 00 in washington where procrastination and politics play out. Some read headlines which we have to do first. To germany. We have breaking news there. Germanys daily coronavirus hits a record. Thats 12,330. A quick top line. A blistering beat. 2. 9 9 billion dollars. 2. 75 billion dollars. 36 margin, larger than expected. What sets the agenda for you this morning . Annmarie quickly going back to g
Election that may lead on for a while. Jimthan joining us now is karen of morgan stanley. Lets start with that question on the election. So many things we have been told to care about have not ended up mattering. Is the election any different . The election will matter, i just dont know when. Going into the election, there will be some risk that needs to be taken off the table, but when we think about both candidates, what is the main driver for the Economic Policy . The pandemic. Do we get a vaccine, second lockdown. That will be the main driver. If you think about a bride and presidency, you have to see growth coming from the fiscal side, expansion. If it is a trump presidency, probably more from the private side. Either way, both politicians have a plan to generate growth. It is up to the voters to decide which is better. I think both are going to matter. The point that another person brought up earlier, if there is a contested election, thats a problem. Markets can deal with uncert
Companies preparing for less than historic times. Cocacola and gm announcing thousands of job cuts. Isnwhile, capital one cutting borrowing limits on credit cards. This is coming just as stimulus money is running out and people need loans the most. Romaine interesting that they would take this action. The credit market dropped pretty dramatically prior to covid19. The number of credit card loans outstanding on a household basis dropped in the first quarter. It accelerated in the second quarter. That was the sharpest drop on record. I guess the question is what caused that. People were shopping and traveling less, but there is also a sense, and you see this in some of the data, that credit card lenders were tightening their standards. Interesting, this data on your screen only goes through the end of the second quarter. Talkede and we particularly this week of the Federal Reserve committed to keeping lower for longer. Come intohe drip feed the real economy . At the moment, we are seeing
You have the u. K. Election. On the back of the most recent polls, still can say still saying the conservatives have a Comfortable Lead over the conservatives over the labour partys. Ecb and its new president meet on thursday. This is the stock we are watching out for down 61 . The chief executive quits and they canceled the dividend. Coming up, we will discuss the report on septembers repo prices. Up at 9 30 a. M. London time. This get to bloomberg first word news. Viviana yesterday hundreds of thousands of people joining hong kongs biggest demonstration in months. Popular unrest will continue. Organizers say 800,000 people marched through the city. Police putting the number at 180,000. The rally was the first promoted by the civil human rights front. The mayhem in the u. S. Repo market in september was not just a temporary hiccup. Ended in part up because the u. S. Banks now hold more of their liquid assets then treasuries. This is relative. The bif warning this problem reduces their
The start of equity trading. Here in europe, but as ever, our coverage is global. Lets check in with what we need to be watching for. We are live in hong kong and paris to give a rundown of the stories you need to focus in on. We have Global Coverage coming in from the team as we focus in on the weekend events in hong kong. A budget to talk about in saudi arabia. An protest activity in france that matt was just referencing. Lets go first to stephen engle, who joins us with the latest protest activity. Give us a rundown of what has been happening. Question is how long will these protests continue . Ongoingeen six months with violence over the weekend and late yesterday we had the first major march again from the ch rf, the organizers of those large million plus person marches back in june. They have had their applications for marches denied by the police up until this weekend. It has basically been carried off without incident. There was some vandalism at the high court and some graffit