Stay updated with breaking news from Nick maroutsos. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
That really picked up after the good jobs number. That is the election uncertainty lets get back to election uncertainty. Joe biden has taken the lead in pennsylvania and georgia, remains ahead in nevada and georgia. We expect updates from all four today. For more, we are joined by Bloomberg Government congressional reporter emily wilkins, at the biden headquarters in wilmington, delaware. What is the latest . Emily the Biden Campaign has a tricky thing to do today. They have to continue to project confidence that biden is going to be the winner. That is what it is looking like right now. But what he also has to do is make sure that he doesnt get out there and declare victory. Biden has already said he cannot declare victory, trump cannot declare victory, but that they need to wait for the votes to be counted and for it to be called. Thank, indeed. Bloombergs thank you ....
No surprise. That risk on rally. It felt like oil helped in some ways to turn the market around, too. You had a sloppy 10 year auction and reporting from bloomberg that said saudi arabia is hey,ng its buddies, saying we need some help. David the u. S. Will report jobless claims for the past week. At 1 00, the u. S. Treasury will auction 19 billion 19 million in 30 year bonds. Cbs and yelp will report quarterly earnings. We are joined by luke kawa and Michael Mckee taylor and Michael Mckee. Lets start with that china data. As you know, exports actually went up. Theiris another line on on the imports which shows they are negative, but better off than it had been. Michael the numbers are a bit of an anomaly because we did see in june president put additional tariffs on. Economists are expecting this to turn around because of the threat of new terror of new tariffs. Bloomberg had a ....
This is a rather strong economic report, but i dont think it moves markets much. The Unemployment Rate ticking down, rates beating expectations. The wage number beating expectations. I think the recovery is continuing. Until we see a look back at 2 in terms of that core inflation rate, the fed probably begins quantitative tightening, but wont raise shortterm rates this year. The one thing that we are not seeing that was commented on is Wage Inflation. Why are we not seeing Wage Inflation despite the fact that the economy is strong . We obviously would love to see Wage Inflation in the system. Wage inflation means we are putting more income into consumers pockets. When consumers have more income and we lower the tax rates on top of that, they will have more money ....