Percolating issues, whether it is trade tensions or brexit, which goes to the heart of the uncertainty in 2021. Francine there is a lot going on, and i guess this is the concern, you have a million angles of things that turn out sour. Bloomberg first word news in new york city with ritika gupta. Senatorone republican dix President Trump will get on board with a bipartisan 908 billion senator bill cassidy told foxnews Senate Majority leader mcconnell will back it, too. Cassidy is a member of the Group Pushing the measure. President trumps lawyer, Rudy Giuliani, has tested positive for the coronavirus. According to reports, he has been hospitalized in washington. Giulianis son says he is getting great care and feeling well. Giuliani has been leading the effort to overturn the results of the election. In china, exports jumped in november by the most since 2018, pushing its trade status to a monthly record high, and thermined underlined how pandemic and global related goods is helping the
Washingtons partisan battle. Joining us now is bloombergs chief content officer marty schenker. Many people thought this was an inspired choice. It ticks so many boxes. Just your sense of what this means for how washington is now going to operate. Martin i wouldnt describe it as necessarily inspired. It is an inspiring lee safe inspiringly safe choice because she is so wellknown on both sides of the aisle. I think she will have a relatively easy time getting confirmed. She is a traditionalist in many ways. She has been at the fed. Shes been at the white house. Shes a great believer in consensus. I think that is what you are going to need with the incoming treasury secretary. Alix nonetheless, it is the first woman treasury secretary, the first woman to lead the fed. This is definitely in that respect a boulder choice. However, how do the progressives feel about her . Marty i think they are very supportive. There is reporting out there that Elizabeth Warren was the person who recommende
Lets listen to the candidates first. Trump we already have one. Mr. Biden we believe we are on track to win this election. We won states would not expect to win. Florida, we won by a lot. Mr. Biden we are going to win pennsylvania. Pres. Trump we are going to the u. S. Supreme court. We want all voting to stop. Mr. Biden we have to be patient until the hard work of tallying the votes is finished. Tom that was 90 minutes ago, maybe two hours ago. Greg jarreau with us, truly an expert on elections. We could have six conversations with him this morning. Kevin cirilli told me three days ago go to wisconsin, and he of course was right. Milwaukee,ll of 169,000 ballots has shifted the tone as well. Does a pro like you right now have any understanding of the mailin ballots that remain in green bay, the mailin ballots in georgia, pennsylvania, and the rest, or are we blind until we see them . Greg in some states it is hard to say how many votes are outstanding. Michigan still has a lot of votes
Being the final week where they really recalibrate. And remember, for years ago, this is one President Trump, with a vengeance, recalibrated. Francine yes, we look at the polls, we look at georgia. Thatof these swing states have been, for a pretty long time, read turning blue, so we will look at the polls there. And it must be election week if you are singing to me. That is what the markets are looking at, and that is, what they say, even what Boris Johnson is looking at before signing with the e. U. Tom long lines across the nation, a lot of stories and anecdotes on that. Lets get to our first word news. In new york city, ritika gupta. Ritika good morning. House Speaker Nancy Pelosi says the chamber could pass a pandemic relief package this week. Still, a deal with the white house remains elusive. The republican led senate may not act before the election. Both sides accuse each other of moving the goal posts on legislation. Mark meadows says the u. S. Is not going to control the pande
Since the beginning of september. As investors try to move toward the Health Care Part of the economy, it is creating choppy trading action as we can see with todays mixed action similar to yesterdays big move, lots of volatility. David we have all been fixated with the election, and some with covid19 and the vaccine. You pointed out something that happened in august that may be having ripple effects in the equity markets right now. It seems as though the surface issues, the very important issues, the election and the virus, a huge issue that can change the field. It seems that what we are seeing is a repricing of risk. In august, the feds policy framework shift back in august ,eeping rates lower for longer especially the short end of the curve, but putting the sentiment towards the idea of inflation or healthier economy, that has steepened the yield curve tremendously, again a repricing of risk. This is healthy, but when the yield curve steepens it does cause lots of different Asset C