ConsUmer confIdence has slUmped. Is the Doom And Gloom laboUr Is sellIng sappIng all enthUsIasm for the brItIsh economy . The governments crItIcs say, It Is tIme for a new message . Reform say they wIll transform the party to pUt NIgel Farage In nUmber 10. Its a bIg pledge for a party wIth fIve mps. How are they goIng to do It . Good EvenIng And Welcome to newsnIght the home of InsIght and IntevIews. On oUr panel tonIght, The PromInent LaboUr Donor and champIon of Green Energy dale vInce, the former BrexIt Party mep, now talk presenter, alex phIllIps. And the Uk DIrector of more In common lUke tryl. For weeks now the government has been tellIng Us the coUntrys fInances are In a rIght old mess. Prepare yoUrself for some paIn, saId the PrIme MInIster. Well, It seems the coUntry has taken hIm at hIs word. ConsUmer sentIment, whIch powers the economy, has dropped lIke a stone In september. We are less wIllIng to spend, whIch means small and medIUm sIzed bUsInesses are not InvestIng eIther.
The session. High intraday high russell 2000 continues its high but it, too, has faded during the session. The russell flat, the other indices negative coming up in todays show, well ask allianz chief economic adviser Mohamed El Erian about todays highs plus, the president of shopify about the companys new partnership with alipay mike santoli, tracking the market action. Meg tirrell has more news on pfi zechlt rs vaccine data and phil lebeau, covering the boeing 747 max. Mike, start us off here. Weve been dealing with a couple of issues, the market being a little stretched on the upside after that strong rally month to date. Over bullish sentiment has had a hard time getting traction, but no damage done at this point on the year to date chart were slightly above that september high by half a percent nothing damaging really happening here i wanted to zoom into the last ten days of trading or basically really more like eight days of trading, back to last monday, week ago monday. Pfizer n
On bloomberg tv and radio. Typically alongside tom keene and Lisa Abramowicz, im jonathan ferro. Hyde is here this morning. You and i are operating into different time zones. Weve got to work through a brutal here and now on both sides of the landing. The atlantic. Lockdowns are coming to an end on your side of the atlantic, but i wouldnt want to get up early for anyone else. At the moment, i am seeing some Market Action that just speaks to this rotation not having that much longevity this week. Bettern this is much than what tom gives back. Perfect timing. Lets get to the price action this friday morning. We do head towards another week of gains on the s p 500, set to add just a little but of weight to it. Up 0. 25 on the s p. The posture just a little bit more defensive. Small caps underperforming, big tech outperforming. 1. 1920, up about 0. 1 percent. Huge calls coming through on the euro for 22 anyone. Do we have 8 for 2021. Do we have a repeat of what we saw in 2017 . On 15 year
And tom keene on Bloomberg Television, Bloomberg Radio across this nation, one day to the election, and to all of you worldwide, good morning. An incredibly busy newsweek. After the election, weve got the fed, weve got jobless claims, and a jobs report on friday. We are really focused on the election. How do you from london see it. Jonathan elevated volatility going into it, and a breakdown in correlations. For markets, i think it is really tricky right now. Typically you would expect some inverse correlation between stocks and bonds. At are not getting at the moment. Difficult is really to assess what the politics actually mean, and to put together a portfolio around it. Tom we are going to talk to an esteemed guest about that. I got to ask you about the lockdown. We heard earlier this morning the exceptionally difficult weekend Prime Minister johnson had. It is government threatened . Jonathan his government is failing on this front, and plan has failed as well. His party, that is wh
Television worldwide, good morning. 11 days to go on the election. What are we trying to do . We are trying to get through friday. This is a serious time, a serious debate last night. This pandemic has worsened worldwide. The challenge of a 3 trillion deficits. The civility of last night was noted. Jonathan it was civil. It was muted. But stark differences on the outlook, particularly over covid. The president promising a vaccine within weeks, and biden focusing on the failures of the administration and the winter ahead of us. The Vice President talking about winning hope over fear. That really goes to one of the themes this week we havent talked about, which is the partition of economic america. Lisa the idea that the jobless rate perhaps is going down, but stagnant at one rate. We got those initial jobless claims. The number of permanently unemployed americans, frankly those around the world, is increasing. It is going to take a long time to remedy some of the scarring taking place.