Be day of angst and uncertainty, investors biting their nails, but it was met with the risk on attitude and the markets. Aroundn person votes, 100 million americans who cast their ballots ahead today. Hawaii and texas both reporting that early voter turnout has exceeded the total number of ballots cast in the last residential election. President ial last election. We wait to see if congress will be a help or hindrance. We start analyzing trading and the bet for a blue wave. Of big gains in the course theory, which doesnt tell you anything about the electoral outcome, but tells us that the markets are not expecting a massive gridlock or something problematic. If you look at the flows, there things. E interesting st voo, that is an interesting one. , also rallying. That is not dramatic, one week of flows, but that would be consistent with the election marking some sort of rotation point, which is a theme we have been talking about a lot. Romaine an interesting graphic there, joe. I also
Employees. Weve got those details. But first we start with some breaking news. The electoral vote count stands right now at 227 for mr. Biden and 213 for mr. Trump. And we still have eight uncalled races. In wisconsin, which is still too close to call, biden holds a narrow lead of just 20,000 votes. Well within the margin of error there. Well within the drift that lets the president call for a recount. The Campaign Says they will immediately do so, request a recount. Another place biden holds a narrow lead, thats michigan thats where we find Brian Sullivan in grand rapids any update on this very close race reporter yes, and no how do you like that im like an economist on the air. Im going to give it to you both ways heres where we stand right now. Heres the reason i answered that way number one, heres the count 94 of michigan has come in. Its that last 6 that is the issue. Now, youve got joe biden who is up by about 45,000 votes right now. To your point, there are far more outstanding
Narrow their differences. Forecasters dont see a deal before the november 3 election. Well be speaking to the speaker of the house today. Ireland imposes some of the most draconian restrictions in europe. In the United States cases are soaring in battleground states. We are just two weeks ahead of the election. Very warm welcome to you. We just had numbers out from u. B. S. About 15 minutes ago. Manus cranny is interviewing ergio armanti. Manus will be back me with a preview. The interview will be airing on Bloomberg Television at 7 00 a. M. London time, 8 00 a. M. If youre across the continent. U. B. S. Income beat estimates. Were underway with the earnings season. U. B. S. Kicking off with the major banks. I want to show you the close yesterday in the Banking Sector in europe. They close up more than 6. We is that you read of course into u. B. S. The stoxx 600 bank closed spoup 9 . A strong start in europe for the financials. Lets take a look at what were pricing in this morning when
Strong. The risk off fee here is tangible. The sap inp germany. What if you bought shares friday . Francine we understand that it could probably infect or touch the european stocks. We have the october german business confidence, 92. 7. Lets get to the bloomberg first word news in new york city with ritika gupta. Ritika House Speaker nancy pelosi says the chamber could pass the pandemic relief package this week. Still, a deal with the white house remains elusive, and the republican led senate may not act before the election. Both sides accuse each other of moving the goalpost on the legislation. President trumps chief of staff theymeadows is says will not control the pandemic, that the government response will be on vaccines and treatment, not containment. As president mike pences chief of staff and two other staff mirrors have tested positive. Staff members have tested positive. Amy Coney Barretts nomination to the two republicans are being accused of using political power before elec
Equity futures lower on the ftse. The s p 500 went down. Bid into the bond market. Into the bond market we go, negative almost 60 basis points on a 10 year. Its like a throwback to our days together five years ago. There is some weight to this. Good morning. Annmarie certainly, it is. Were so excited to have you back. An absolute gladbac bloodbath, nymex dropping below 39 as the resurgence of cases in europe not going to bode well on the demand side. The supplyside worried about libyan oil barrels. Softer. A bit this is the prospect of fresh stimulus. That helped treasury yields rise. Jonathan thank you. Lets get the first word news this morning. We can do that with laura wright. Laura china is laying out a new plan for Economic Growth this week in beijing. President xi jinping is holding a meeting to decide on the next fiveyear plan. Its expected to focus on technological innovation, economic selfreliance, and the environment. But the event is closed to the press. Key decisions wont b