Prime minister johnson born the house of commons the number of deaths could be twice as high as the first wave in the spring if National Action is not taken. Pubs, gyms, and nonessential shops will close for four weeks under the plan, which is subject to parliamentary approval. Hurricane zeta, which tore through this out last week, may point 4 insurers four billion. The damage was mostly from wind and storm surges. The storm affected nine u. S. States. The biggest losses were in louisiana, mississippi, and georgia. Formedrricane zeta has in the caribbean sea. It will bring heavy rain and wind and storm surge to central america. Global news 24 hours a day, onair, and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in more than 120 countries. Im Mark Crumpton. This is bloomberg. Vonnie it is 1 00 p. M. In new york, 5 00 p. M. In london, and 2 00 a. M. In hong kong. Im vonnie quinn. Welcome to bloomberg markets. Here are the top stories we are following on th
Bloomberg television. Eight days to the election across the station, and those watching around the world. The confluence here this morning, futures up 33. I get it. At the confluence here of really grim news worldwide on the pandemic, along with major uncertainty on the United States senate elections, makes for an interesting monday. Jonathan i couldnt agree more. The composition of congress all about what happens next with fiscal stimulus for market participants. Playing out for everyone to see, the increase of infections in the United States and europe, and extra restrictions coming down italy and spain at a time when the economy was already losing momentum. Youve got an equity market that gets hammered. The s p down almost 1 . Say full credit, i hate to this because jon is only with us for a brief hour today on bloomberg television, but the basic idea i have is that you were way out front on this. P guess if i am an sa shareholder, im a little surprised off of where it was friday. L
Plus, relocation, relocation, relocation. Read it has a plan to let its employees work from wherever they are. But what are the consequences of such an arrangement question we ask the ceo, steve huffman. The u. S. Has identified in iran and russia for meddling in the election. We talk about how pervasive the menace is and is potential harmful effect on democracy in our continuing to electioneering series. First, it was an ugly day for u. S. Markets. Tumbling in the worst stock rout in months. Rising cases of covid19 in the u. S. And europe and locked on measures in countries like germany and france accelerating the drop. We get the big picture from Abigail Doolittle in new york. A lot of forces at play today. It. Us through abigail over all a brutal day for stocks and risk assets on a combined basis. You mentioned the different forces. Of course there is uncertainty around the election, but i would argue the biggest force is the virus resurgence in europe. The german dax fell more than
Hard to digest the news. Well cut right at it, give you the details in a moment. Overall, the market lacks real direction. The dows going to be up maybe 15, s p up 10. Nice gain for the nasdaq though, all green at this point. Politics [laughter] can you say softballs . One after another, they were lobbed towards joe biden at the cnn town hall last night. Not very good preparation for the first president ial debate which is, by the way, 11 days away. The standout for me came when biden suggested that if the president had acted sooner on the virus, all those people would not have died. So the president killed 190,000 people . Not a word of pushback from the moderator, cnns moderator. Today biden goes to minnesota, an opportunity for him to clarify his position on urban rioting and defunding the police after the minneapolis disturbances. And get this, the president will also be in minnesota today. You can bet hell brung up law and order bring up law and order. Mr. Trumps press secretary,
California for a briefing on the wildfires ravaging the west coast of the u. S. Fires burning millions of acres have been destroyed millions of residents have to live in toxic air. We need a california farmer now dealing with the aftermath of an unprecedented catastrophe. Prevails in a 5 sets for the. Gold coast a win over germany. Was teams 1st ever in a grand slam final. Welcome to the Program Israel has become the 1st country to announce a 2nd National Lockdown to combat a coronavirus this comes after a surge in new cases that the new lockdown begins on friday and will restrict movement for at least 3 weeks. As israels outbreak threatened to race out of control Benjamin Netanyahu announced the unpopular but perhaps unavoidable decision were going to be today we decided on a Strict Lockdown plan for 3 weeks with an option to extend but as of now weve decided that the lockdown will last until the end of the holiday. Door prelims lot of Health Ministry executives and hospital managers