Now, 224 biden, 213 trump. Could be days prosecute we have final vote counts for key battleground states. Maybe were getting a little more clarity on that bottom of our screen right here, nbc news is projecting joe biden wins the state of maine. Want to get that news piece in there as we continue to watch for those votes. Even if biden ekes out a electoral vote, expectations could spell trouble for a democratic agenda, especially if the Vice President ultimately wins the white house for more on the balance of power in congress, lets bring in ylan mui. Good morning. Good morning. Right now its still a tossup for control of the senate. Both parties have a narrow but achievable path to victory Mitch Mcconnell says hes hoping to get more clarity on key races by the end of the day. I dont know whether im going to be the majority leader or minority leader ive been both majoritys better. But were awaiting the judge on the american people. Nbc rates the battle between gop senator thom tillis a
Effect. Is still flat,n and we are watching the korean won, seeing some slight weakness this money. Indonesia is coming on the line at the moment. Chinese stock continues to extend these gains, after the reopening of the holidays. Pointing positive as well. We are spending some Inflation Numbers coming out of india. Where watching the commodities of course. That slide in for the second day. Supply constraints are starting to ease right now. Bolivia and its biggest both owed could be at capacity. And a bit ever treat in iron ore. A bit of a retreat in iron ore. Tom there seems to be potential for the currency to resume gains. Lets discuss now with fred neumann, cohead of Economic Research at hsbc. Let us bring you an update on the nba. The l. A. Acres definitely l. A. Lakers have beat the miami heat. The l. A. Lakers have now won the chairmanship 17 times. This puts them toasted so the caltex. Season one longest record. The nba was effectively frozen out by the controversial tweet back
Finalizing a blank check operation around the frenzy. Haidi trying to take that winning streak into a seventh straight session. Retrading pretty optimistically. We are seeing gains about. 25 when it comes out the gate. The aussie dollar trading on the back. We are seeing gains for almost two weeks straight now ahead of the federal election. At kiwi dollar is sitting 37. We are seeing almost no change through the open. Have nikkei futures not doing much at the moment. Is at a oneweek high the u. S. Dollar dollar. 15 on year. E than from those that we saw in session. Operations restarting. Speak, theng, as we morning training trading has been lead due to the storm. We are talking about the Tropical Storm being upgraded to a storm signal eight. Options have been delayed. They will make a further later, but there will be no morning a warning isuch lowered. Dominating across the markets. Lets turn to tom mackenzie. We have been talking about trade tensions when it comes to australia. Haidi
They will maintain normal Monetary Policy for as long as possible. President trump plans a Campaign Event in orlando as his doctor says he is not a transmission risk. Australia debates evening travel curbs although the u. S. And europe are not on the list. Shery u. S. Futures are coming after, down about 0. 25 , we saw the biggest weekly increase in u. S. Stocks since july. President trump an offer to democrats. Nasdaqs futures under pressure. We have some deals among chipmakers leading them higher. Take a look at what oil is doing at the moment. We continue to move downward. Still at the 40 per barrel level. The biggest weekly gain since june. Hurricane delta and libya saying that they will start production on their biggest oilfield. We have demand concerns. Not so much since hurricane delta has been losing force. Sophie . Stocks went to a high this monday. After the long weekend, the check on free and trade this morning. We will get an outlook from india. In sydney we are watching th
The best day in two months. This may suggest that despite the fact we have a huge gains to the mega cap stocks, there is uncertainty from whether there will be fiscal stimulus from d. C. , other earnings report, big oil doing poorly. Not a lot of cyclical bullishness at this moment. There are concerns showing through that haven yen getting such a big bid on the day against big tex strength. Taylor when you talk about that big tex strength it is the big tech strength is exacerbating the trend hows that faring as the winners continue it to extend the gains . Abigail it shows on a yeartodate basis. Apple is up yeartodate as a sign of the winners. Chevron, which also reported today, down more than 30 . If we were to take a look at this relative to the s p 500, we will see on the year apple and amazon up in a huge way. On the other hand, the s p 500 flat. The s p 500 equal weighted index is down almost 9 . This is the tale of two stories relative to stocks around 2020. The pandemic haves, t