A simulcast on bloomberg radio, bloomberg television. We welcome all of you in europe and the challenges there, and we will get to you in a moment, and all of you across this nation. It has been week after week at an 800,000 level, even up towards one million a month ago, and the news slow is simply extraordinary. Jon, you have been way out front on the distinction between the virus and pandemic on the continent of europe over to the united kingdom, and the difference with the United States. How urgent is it for mr. Macron, chancellor merkel, and Prime Minister johnson . Jonathan becoming more difficult, and the problem they are having is localizing the effort. Many people in parts of the country that are facing tougher restrictions are asking, what about everyone else . That is the story in the u. K. As london gets upgraded to a new tier and faces tougher restrictions. As we get deeper into the winter, it is not just about the caseload. I think they are much more keen to emphasize and
Yesterday carl was a discouraging day for a lot of people who have been chasing momentum because last week was maybe one of the best momentum weeks i can recall since 1999, which meant that if you bought it went higher and how much fun is that . Yesterday was the day that you bought it went higher and then you got crushed. So i think that usually takes a couple days of reset where maybe you can after stocks that arent as hot, say, as tesla. So you would focus, say, on Something Like the banks ive been through the banks and i know dave and i talk about this all the time, they are incredibly complex beasts, they are not like, oh, tesla, hot and when i first went over them i thought they looked pretty good but already theyre reversing. This is not an uncommon pattern as people find one line or two line that they dont like and then they sell these stocks. David, its happening once again. You know that these banks could have had littered with bad loans, its not, they have great trading, the
It good morning. Welcome to Bloomberg Survey is. Im in london. Lets check on the market. The rally coming through. Treasuries pretty much stabilizing. A lot of want. Testimony on tuesday. Wednesday we hear from him again. The euro, looking at the pairing of the dollar. Looking at the dollar, pretty much unchanged. Coming up on bloomberg surveillance, we are live with the World Congress in barcelona where we speak with the chief executive. Ahead of the election, the chief of staff for the ministry. Later on, we will speak to Steve Whiting from citigroup. Now, lets get straight to the bloomberg first review. China, scrapping limits on president ial terms. Ofonstitutional provision ours that head of state from more than two consecutive terms in office. A committee wants to change that. Comments were supportive, others work article and mocking. And may be willing to hold talks. The white house will see the first step toward denuclearization. Closing ceremony, standing near ivana trump. Tie
To 10year bond market. Yields moving down by six basis points. There were concerns. Those have dissipated and the rally is pretty strong. Sterling down. 5 of 1 . Three week low. Serious shade being thrown at theresa may today. Jonathan its one of the cruelest things ive ever had to watch from a politician for quite a while. David it was an important speech. Jonathan the letters dropping off the wall behind. Couldnt have gone much worse. Alix david . David time for the morning brief. Coming up, weekly initial jobless claims and trade balance will be released. And at 10 00, factory orders and durable goods and were going to hear from several members of the fed starting with jerome Paul George John williams and patrick arker. Bond markets trying to sort out the aftermath that President Trump might wipe out the puerto rican debt. Something they tried to walk become. And overnight, the puerto rican treasurer say theyre going to run out of money and had to shut the government down if congres
Stock to talk about. Japans Prime Minister, shinzo pledged to lower Corporate Tax rates. The shenzhen composite index rose more than 3 . That is its second gain in a row. Indicate u. S. Stocks will open higher. S p 500 closed that more than 2 yesterday. Europe is being told it is time to act, and governments must take in 160,000 refugees from Northern Africa and the middle east. European Commission President Jeanclaude Juncker urge to the continent to share the burden. He spoke to the European Union in france. All of us should remember that europe is a continent where nearly everyone has at one time been a refugee. Our common history is marked by millions of europeans fleeing from religious, political persecution, from oppression. Ramy he did not use the word quotas, but he said it must be compulsory. There has been a shakeup at United Airlines. Ceo just my sick and two other officials are out. It has to do with a federal investigation into ties with the port of new york and new jersey