Paying more than 1 billion australian to settle a Money Laundering allegation, the largest corporate find never levied in australia. Tiktok drama turns another page, owner bytedance asking a judge to halt the ban in america, Chinese State media slamming u. S. Dirty trip u. S. 30 tricks. We heard from larry kudlow in the last few minutes, downplaying expectations we will be getting any more fiscal stimulus through the pipeline, larry kudlow saying he doesnt think the u. S. Needs another stimulus package and that they will be doing targeted measures only and need to be smart about this measures. This comes after course of fed officials, including chair powell, saying there is a long way to go for the economic rebound, we heard from several others, all saying there is further need of more fiscal stimulus to do that heavy lifting. And that comes after congress ended its pursuit of a bipartisan spending bill and are now focused on replacing Ruth Bader Ginsburg on the supreme expected thisin
History in the United Kingdom as they extend the pandemic watch out to march of 2021. Jon ferro, theres no other headline for me this morning. All of us dealing with this pandemic, and Boris Johnson sets us a new timeline. Jonathan jonathan new restrictions on the u. K. Economy being announced today. We will hear from the Prime Minister addressing the nation at 8 00 p. M. Local time. Those restrictions could last a solid six months. Lets get straight to the price action to give people a feel of how things have turned around in the last 30 minutes or so. Equity futures were positive, now slightly negative. In the fx market, the pound was positive. It is now slightly negative. In the bond market, yields were up by almost a basis point. 0. 67 . Y are unchanged at it is a subtle shift, but a reminder of the difficult moment we have ahead of us as we go deeper into the end of the year. Tom so much going on here. We welcome all of you on Bloomberg Television and Bloomberg Radio across americ
President trump refuses to commit to if he loses the election. He says he could try to accelerate the vaccine approval process ahead of november 3rd. Just 6 00 a. M. Here in the si of london. Ma us in is off today. Lets get a look at the markets. The nasdaq dropping below 3 . The benchmark in asia down more than 1. 5 . Futures, there you all in the red. Move over the board. Lets look at what happened across as set. The dollar still on course for the strongest week since april. Were up. 1 of a percent. Trading below 1900. Citi says more upside. And Morgan Stanley taking the flip side. Well talk about that later. The crude just under 4 a barrel. John authors hes without a piece. He says this bout of stock market angst looks much darker. Earlier sell offs is an intent to correct excessive prices in companies. Dominant he said we took things too far as we might have taken things in completely the wrong direction. Lets digest all of this with georgette, senior analyst. We had this selloff.
Markets slump as warnings from the fed on the need for more stimulus ignites fresh jitters. Powell and mnuchin take the stage again today. Partial measures. France cracks down on gatherings and bars but will not impose a full lockdown to stem a surge in virus cases. Do it like the germans. Richie soon act will set out a new crisis plan to protect jobs today. One proposal is for a wage top up scheme for workers who return parttime. Otherwise known here as we are under no an hour away from the start of cash trading in europe. Big drops anticipated for european stocks. You can see ftse futures down 9 10 of 1 . Dax futures down 1 . Down even futures more. U. S. Futures dont look as bad. Remember, u. S. Stocks took a big hit yesterday. Europe escaped losses. Europe has catch up play on the way down. Set, at least in the s p and dow, to stabilize. Anna absolutely. Thats a crucial transatlantic difference in time. We ended in very different places yesterday. Lets have a look at the gmm. You c
Really settle this morning. Ive got to go right to the deepest market exchange. The Dollar Strength is really resilient. Jonathan the treasury marketjonathan not doing what the treasury market would typically do in an equity downdraft. So many people have come on this show talking about it. There it is, the 10 year yield doing nothing. Your yield, 0. 67 . You could clip that, repeat it, and it would have been true for the last five days. Tom when you intrude into market spaces, markets dont give you signals. Ive been surprised by it. The completeness of the bond market and this lethargy has been extraordinary. It is where the bond market gives up giving signals. Jonathan the data 90 minutes away in america. Lisa we get a sense of how much momentum is flowing down in the u. S. We get the latest reading on initial jobless claims in the United States, and continuing claims as well. More discussion from jay powell and steven mnuchin, asking for more fiscal support from washington. The mark