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BLOOMBERG Bloomberg Markets European Close July 12, 2024

Plenty of things to be thinking about. The election dominating the narrative. Alix polls are just opening in alaska. In the lower 48 states, voters have been filing into bowling into Bowling Centers across the United States. Joining us into pulling Centers Across the United States. Joining usis bloombergs nick wadhams joining us is bloombergs nick wadhams. We saw a record early turnout of about 100 million voters, i reflation that a lot of democrats in particular were worried about the coronavirus and possible exposure, and want to get their votes in early. Republicans tend in this election to vote much more on election day. The big number we are looking at is 9 00 p. M. That is when we expect to know what is happening in florida. Once we know florida, people have a ....

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BLOOMBERG Bloomberg Surveillance July 12, 2024

A bit this morning. Jonathan we were told it is all about the past two fiscal stimulus. Would it be smooth . Would it be downhill . Would it be quick . Right now that path looks rocky, with storms only arise in, yet still this equity market gets bid. Now startsarrative with chris harvey of wells fargo, and others are saying it. Not my view. It is the view other people share. You may not get the tax hikes. Tom some of these states 7000 apart. Some 20,000 apart. Michigan just dribbling in here. Moments ago, that gap closes 227,000 in michigan. Many people on the bot inside people on the bidens had wondering. Lisa lets give you the hard mass. We are talking about where the votes are coming in and where things are close. To 270 this is the path electoral votes. With 238 joe biden with 238, President Trump with 217. Pennsylvania, of course, we are not going to know for a very long time. These are the big swing states, there are more p ....

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BLOOMBERG Bloomberg Markets Americas July 12, 2024

Struggle with a contested election, and i dont think we with a delayed or contested election come i dont the queen of the interest to that. Guy unresolved contested election, and i dont think we know the answers to that. Guy unresolved issues. Services come in, and it is a miss. Just reinforcing the idea that maybe as the virus numbers continue to pick up in the United States, the Services Sector will feel that, and just reinforces the idea that may be of this trajectory continues lower, we will need more stimulus. That is looking a little bit more down right now. Alix and the number of tremulous of stimulus is much less likely now. The president ial election does remain too close to call, and a could stay that way for days. Joe biden leading in the Electoral College at the moment, taking the lead in michigan, wiscons ....

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BLOOMBERG Bloomberg Markets European Close July 12, 2024

We are up for it faangs really driving that. We are up 4 . Usually a useful indicator in terms of risk sentiment. A clean kind of number actually providing one message from the market, confusion. The german tenyear guilt, we do have a bid on bunds, but the move particularly at the 30 end of the u. S. Curve really quite stark today, a big flattening of the curve. Alix it all depends on where we are in the u. S. Election. Nick wadhams of bloomberg joins us now. Where are we . Wheres michigan . Wheres wisconsin . Where is pennsylvania . Nick joe biden leads in wisconsin and michigan, and it looks like those numbers will hold. Wisconsin aspects to make a call later today, although the margin is so narrow that there will likely be a recount. President trump leads in pennsylvania, but both sides say they are confident that they will win that state. Essentially we are doing right now is playing a waiting game. There are states like nevada, pennsylvania, georgia where it is still going to take ....

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BLOOMBERG Bloomberg Surveillance July 12, 2024

Valley yesterday and bank of england came out now, and they look like a normal central bank, versus the rationalization we saw for decision off 300 out points and down we went as the press conference went on. Jon dont you think it is absolutely ridiculous . Allow me some time here. The chairman of the federal forrve show the forecast 2023. All of the economists turned around and said i thought you were going to target africa target inflation to percent but nothing north of thats. I will draw the line from kick tricks. They said please, can i have some more. The only one that matters are the forecasts. Jon yes, tom yes, and i alluded to morning america, i dont know how you get to morning america that was perceived in 2023. Mickey was great, it had flout the best question at the press conference. Jon every single News Conference. Tom not all. Jon futures down. Lisa abramowicz, claims in america. Lisa we will be getting jobless clai ....

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