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Ofto see geoffrey yu there bny mellon in our opening. With the new slow out of washington, how to get ready for ferro, do you think the secretary of treasury will be watching mr. Powells press conference . Jonathan i hope they speak before the press conference. These two need to get on the same side. It is not good to wake up ever to see the chairman of the Federal Reserve and treasury secretary on different pages on an Emergency Program that, lets be clear, has really helped keep financial conditions loose at a really tough time for the u. S. Economy. I am surprised, maybe even shocked, that the market is where it is this morning based on the spat between those two individuals. Tom there are distractions in washington, but maybe it was beneath the radar off of president trumps efforts to tolection 2020 lisa move election 2020. It devolves to a market that looks like the ....
Tested positive. 10year fore spanish bonds and portuguese bonds ever lower. Yesterdayorld shifted in the United States of america. We are on the cusp of a constitutional crisis. I have no idea in america how friday is going to work. The president is clearly inserting himself on a constitutional basis into the state crisis in michigan, and into wisconsin. What im watching friday is simple. Vice president pence travels to georgia. It will be fascinating to see if he makes Public Comments on this contested election. Absolutely, tom, and we are also trying to find out what the next step is. Lets get to first word news in new york city with ritika gupta. Ritika good morning. Another legal setback in President Trumps bid to overturn joe bidens election victory. Last night a federal judge denied a request to halt georgias cert ....
Kind of takes the relief trade, if you will, out of the treasury market. Have a vaccine but have to deal with the rising case counts. Its difficult for Bond Investors to show no caution to the wind. Think about what actually has the chance to survive. Jeff rosenberg is joining us right now. What a week it has been in the market, tested in several fronts. Lets talk about credit first. We have the fed and the treasury having a little bit of a spat over the emergency programs introduced this year. I have to say this market has responded quite well to it. What was your take . The the most important of support measures are not affected, these were not used very much. They were most effective on announcement date, not much uptake. The market is seeing through that, and its a little bit less of a significant Market Reaction because it is less of a significant issue, if those suppor ....
Lets dig in with pennsylvania right now. Joe biden has taken the lead right now. He has about a 6,000vote lead, just under 6,000 votes. Theres still 130,000 ballots that still need to be counted. If youre saying this race is very close, were talking about a 6,000vote lead. Theres 130,000 ballots that can be counted. President trump can catch up, maybe. Heres the problem for President Trump. At least 60 60,000 of those 130,000 ballots that have yet to be counted are coming from philadelphia, the surrounding suburbs up through the Lehigh Valley and joe biden is making eastern pennsylvania even more blue. Tom, let me stop you there. Through the night joe biden has been winning. Hes been winning the deep blue areas by 70, 80 . Yes. Because of the mailin vote, when we look at pennsylvania, look at the ratio right here, this is pretty much the breakdown. 80 are going to joe biden. ....
Not good enough, eu leaders are set to say no breakthrough in brexit talks. Boris johnsons thursday deadline for walking away approaches. Bank earnings turned sour, jp morgan and citigroup slide despite posting betterthanexpected trading revenues. Bank of america and Goldman Sachs are among firms reporting today. Clinical complications, eli lilly becomes the latest company to pause its covid19 drug trial. We will bring you our interview with rival Johnson Johnson. One hour until the start of cash equity trading across europe. Thats look at what is going on in terms of futures. We are seeing gains and European EquityIndex Futures even after live trade. An you can see ftse futures up 0. 3 , and euro stocks and dax futures little changed. In terms of u. S. Futures, yo ....