Stepping down after arguments over strategy, the bank prepares its search for his successor. Morning, under one hour until the start of cash equity trading. Equity markets under pressure. The futures picture shows relief. Ftse futures up 0. 4 . U. S. Futures point to the upside, up 0. 8 . Global stocks up 12 in november, the biggest monthly gain on record. Lets not forget that will me think about the losses yesterday and the rally he will maybe see today. Greens what we see now, a picture and it comes to the asian stock markets. Data from to take asia whether chinese or korean on the factory side. Be taking aems to turn for the better. In china a decade high for chinese manufacturing. Up on thed enthusiasm, and commodities in focus. Oil prices moving to the downside for a third day. No deal yet on opec and opecplus, and their plans for january. That will be a focus on thursday. Lets get a first word news of eight. Laura president elect joe biden has chosen janet yellen as his treasury
Will try to fill in his space as he expresses his culinary abilities. Francine we will get clarification on what he is working on. Lets get to the bloomberg first word news in new york city with ritika gupta. Ritika good morning. S p global is on the verge of a giant deal in the Financial Information industry. Bloomberg has learned that the company is in advanced talks to for 44s markets billion. An agreement could be announced as soon as today. It would be the second biggest deal of the year. President trumps coronavirus taskforces propping promising a rapid rollout of the vaccine to 2 million americans i the end of the year. The Surgeon General expects that most americans will have access by early in the second quarter. He says the government hopes to quickly ok requests from two drugmakers for emergency approval of their vaccines. A group of opecplus ministers could reach an agreement on whether to delay januarys oil a fullincrease, before meeting of the cartel and its allies today.
Gyms theaters, for about a month. Were following all of that. We have fox twist Business Team coverage. Grady trimble, in chicago. New restriction being imposed. Edward lawrence on the tech hearing in washington. We have to first hear from Ashley Webster with the market selloff. What a day. Ashley all proving to be a toxic formula for the markets as Investors Cash in and the vix fear gauge hitting the highest level since midjuly. As you just said, connell, the dow, the s p, the nasdaq all down 3 1 2 on the day. We saw a little extra selling heading into the bell. Maybe that news out of france, adding to germany on a national lockdown. May be a lockdown light. Never the less, businesses will be closed, that having impact. Shares of hotels, airlines and cruise lines all hit hard as covid fears grow for the economy. Check out the airlines. American down 2 1 2. Delta 3 1 2 . Southwest four 1 2. So on and so on. Jetblue down 6 1 2 . As for the cruise lines who just cant buy a break like the
Good afternoon we begin this hour of power lunch lunch with continuing breaking news President Trump, as you surely know by now, testing positive for the coronavirus confirming via tweet late last night, early this morning that he will begin quarantining with the first lady who also tested positive the market is lower right now but off the worst levels of the day and you can see dow futures immediately sunk early this morning after President Trump tweeted. We have paired back those losselosses quite substantially at this time lets get straight over to shepherd smith new developments this afternoon since we learned that after midnight the president and first lady have tested positive. Were told both have mild symptoms and are in quarantine at this moment at the white house. The Reelection Campaign announcing minutes ago that all of the president s Campaign Events are being moved to virtual or postponed we learned last night that the president s close adviser hope hicks tested positive f
We are going to go straight to the white house when the News Conference happens. Meantime, talking about the magnetic pull. Yes, wall street charts are all over the place. Right now the downside is winning out. We have stocks sinking deeper into the red. Dow jones industrials down 264. Look at the nasdaq, down 155. But major swings here. We are watching this market very closely because we have been well into the green earlier. Meanwhile, the economic cold war with china still simmering as the Trump Administrations deadline for a tiktok deal is now five days away. The u. S. Ambassador to the United Nations is here in a fox business exclusive. She will share her insight on the china issues, the Russian Election interference and the iran nuclear deal. Again, this is a fox business exclusive. By the way, bridgewater, big hedge fund, ray dalio just made comments before the new York Economic Club about china as an investment. I will let you know what he said. Get your bets in. The nfl kicks