Higher. Had European Index is down across the board for most of the morning. It is 1 00 in berlin, noon in london. You can see the broader european benchmark, little change as the dax turned positive in germany. The cac and the ftse still down, bitcoin turning around a little bit, trading right now for over 6,000, but traders say the charts do not look good after it hit 40,000 and almost made its way back and then came down again to this level. One of our top stories this morning is the gap between the american have and have nots. The fed mentality continues to drive markets higher, illequipped to address the wealth gap and policies lining only the wealthiest pockets while millions, tens of millions struggled to put food on their plates. Listen to jay powell. We have been talking more about various kinds of inequality that a been sustained and have grown in the economy over the years. They connect directly to a maximum employment. If you take the statutory goal seriously, it is not ach
Republicans break ranks, he faces a trial in the senate. Treasury yields rise on reports the president elect plans a two troon dollars stimulus. The fed chair speaks today. And the french finance minister opposes a buyout saying Food Security is a priority amid the virus. The u. K. Has its deadliest day. Welcome to bloomberg daybreak europe. One of the biggest moves from the republicans toward impeachment. This is a dramatic move but perhaps bigger market moving news is from cnn, where biden talks about her 2 trillion stimulus package. There are a great deal of assumptions baked into it. Goldman sachs says Global Equities are now in the hope phase of a new bull market. 33 growth in earnings this year, a positive for singledigit returns. Stocks in america, keeping an eye on europe and italy. Roll it over and you begin to understand the manifestation of what a 2 trillion stimulus package might have. The dollar is back on the dip at the moment. We did spike a little bit higher. Powell, ja
A little bit more u. K. What weve got today, Kevin Cirilli, our chief washington correspondent, makes clear when he is on after midnight, we are not going to know many of these outcomes. Jonathan we do better because it is shorter and it is cheaper. We hope wednesday morning we have a result. This market fears this could drag out for a long time. Sea, wem sea to shining are having a vote occur right now. We see a number of institutions already. How about the bank of America Stadium in the carolinas . Carolina playing at kansas city this weekend. This is the first of the disciples in west palm beach, florida. It is a beautiful church, ravaged by hurricanes over the years. Yet today, there is the peace and calm of voting. I want to make clear that within the punditry, there is a question. How big will the turnout be after 98 Million People choose to vote early . Jonathan the pundits everywhere, all the time, it is all about the turnout. Is massive. No one knows what it means. Equities po
Ready to trade today still feeling the burn from the pandemic, disney announcing a huge new round of layoffs hitting some 30,000 employees. And the path forward for new york city as Indoor Dining begins today september 30, 2020 you are watching Worldwide Exchange on cnbc. Good morning, im dominic chu kicking off the Third Quarter of trading take a look at whats happened over the last 12 hours the dow indicating 150 points to the down side. The key to watch here down 83 implied at the opening bell. Take a look at whats happening here with the overall futures picture. As weve seen, we are just off the lows here. We did get the green a little overnight. Hit the lows here about 2 00 a. M. Eastern time. That was coming off another downed day for stocks. Major averages snapping threeday win streaks. They are set to close down for the First Time Since march the one stand out is the transportation industry. Dow transports, some look at that as a possible leading indicator for the overall econo
Bubbles cannot mix unless at work. Tom im speechless. I was just talking to jon ferro, just getting up at the crack of 9 00 a. M. In london, about the uniqueness of it. There are two separate parallel worlds and the United States, where europe and the pandemic is off the radar. Clearly in europe it is unraveling. Francine it is. We are all dealing with the same virus, having the same effect on people, but if you look at germany come it is different on how they decide to do with it, compared to macron, with tighter measures. Now lets get to the bloomberg first word news with ritika gupta. Ritika the chances of Congress Passing a preelection stimulus are all but gone. Treasury secretary Steven Mnuchin is blaming politics. He says democrats dont want to give President Trump something to brag about in his campaign. Democrats say the white house never took the need for another stimulus seriously enough to push for a compromise. Senate democrats are all but powerless to keep Amy Coney Barret