For thanksgiving. Good morning, everyone. Welcome to bloomberg surveillance. I am Francine Lacqua here in london. The markets are little bit on the move. On the one hand, we have a vaccine and encouraging news from the pharmaceutical companies. I am looking forward to catching up with the roche chief executive on the treatment out there. On the other hand, we get infections rising in the latest one from the cdc, saying lees try not to travel for tryksgiving please not to travel for thanksgiving. U. S. Futures are actually down. The dollar edging up somewhat. If you look at, you know, health and industrial shares, they seem to be rallying here in the u. K. , and i want to show you yields on the spanish bond. I think we will have that board shortly, so we will bring you that, but you can see in general, it is a twoway system for what the market is looking at. Now lets get to the bloomberg first word news in london with leighann gerrans. Hi, leighann. Leighann hi, francine. Over in georgi
Paris also on our show. Polands prochoice activists promise their protests will continue their taking to the streets for a 7th straight day against a near total ban on abortion. And 7 months after the shooting of a black woman in her home by police in kentucky we need people pushing for reforms in law enforcement. Im brian thomas good to have you with us today germany is closing down at least partially the german chancellor all a macro has announced a limited National Lockdown for most of november now the goal is to stop an alarming rise in new corona virus infections theyve now hit a new one day record of about 17000. 00 beginning monday restaurants gyms bars and theaters will be among the businesses shutting down schools shops and places of worship rules though remains open. The deserted streets of the spring are about to become all too familiar again in germany for 4 weeks from november 2nd the entire country will be under a partial lockdown faced with another record high of daily c
A. M. At google headquarters in california 11 00 a. M. On wall street and squawk alley is live good tugs morniesday morninm Carl Quintanilla very busy morning in the markets today. We try to get back to 3440 or so q3 earnings a part of the big news stimulus watch, well learn more in the coming hour or two. But were going to begin in washington justice files this landmark antitrust suit against google and we have more on that im still working many i way through this 64page lawsuit that the Justice Department has filed against google in which the department allege thats googlesant w anticompev behave wror is going on for years and still going on and it may be getting worse in the complaint, the Justice Department writes that google entered into exclusionariy agreements including tying arrangements and engaged in anticompetitive lockup and block rivals the Department Says google has taken a page from microsofts playbook to sustain the monopolies and even instructed blows not to use words
A market is going to shrink and shrink and so we look like greece looks up in the last 5 years the think of the normal slipping away groups that if lation and rent this lady should be ok stephen well im really glad that michael brought up the 2008 financial crisis as we have a reputation a reputation about it and it in this year where this was a artificially induced recession benefited the one percent you cant not keep stressing that year but what 202020 in 2008 have been common is that you have this massive transfer of wealth upward again upward again ok and so again i mean my underlying theme in this whole program is that half the country liberate speaking specifically about the United States that michaels reference to greece is a perfect one i think youre basically writing off tens of millions of people america hundreds of millions of people in the western more heads yeah i mean to do the work which sane. Is a process where the wealthy who go will they go through debts and this is s
It ok because i hear more and more top read more and more about a cave recovery and that is that in michigan a defeat in my in my opinion because it means the if you have the k. Its the the leg of the k. Youve given up on ok because the other part. Of the economy its true because its that in their benefit here i really worry when people talk about new normals and when they talk about the economy youre my friend well who has become normal since 2008 has been completely different from the old normal people have the normal youre go back to a balance but really the economy hasnt grown at all since the 2008 crisis all of the growth in g. D. P. All of the growth in wealth has accrued to the Financial Sector to the real estate sector to the one percent for the 99 percent oh theyve gone down and down and down so the new normal is you cant get rich again by hanging out. And joining the middle class like you goes through the new normal has all of the year increase in wages in service in rents an