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
And she ching ping touches down in hong kong to mark the 20th anniversary of the british handover. President xi touches down in hong kong. Manus welcome to bloomberg daybreak europe. Been a reset in the rulers of the rate world, sending clear messages. Our thinking is changing and our agenda may change. The ramifications have been quite significant in the bond market and in the fx market. Is mark carney back to being an unreliable boyfriend . All those cliches were being used yesterday. Or is he saying, im still waiting for the data, i voted not to change things, and i ofyed put in the middle june. I want to see more data. But of course he did change the nuance and the tone. Line, someller removal of monetary stimulus is likely to become necessary if the tradeoff continues to lessen. The risk, the report. The reward is if you were long , sterling has risen for seven straight days. Weve not seen a winning streaks like this since april 2015. The rate rulers are rewriting the expectations
Im sara eisen. Im wilfred frost. Its throwback thursday, were throwing it back to funk. I cant believe its already thursday. Neither can i. Short week. Short week. Good to have you back. I dont think i said that yesterday. Thank you. It was an extended new years weekend for me. Lets get to the market action. Yesterday was similar to tuesday. We saw gains, we saw the nasdaq lead the pack, up about 0. 9, the dow lagging at about 0. 3 of gains. The s p in between. The nasdaq already playing catch up. It was the laggard of the big three indices post election. Russell 2000 was strong yesterday. Up at about 2. 5 of gains for the week as a whole. We are expected to see profit taking this morning. Not too much. About 16 points. The dow is called lower. The s p 2 points. The nasdaq 5. Yesterday, lots to focus on. Fed minutes, we got goods orders sales, after the market closed, bad retail releases. Tenyear treasury note at this hour, kind of settled below the 2. 5 level. Pulled back a bit furthe
Docs all in the red right now. Let check in with Ramy Inocencio at the markets desk. Ramy we are now at session lows. The dow is the biggest laggard. Its 50 daylied past moving average yesterday and so we are seeing simple back. He nasdaq is down. 8 i want to show you the health of the s p path 10 sectors. It is a broad selloff across the board being led by consumer tables. Still down, number two. Energy is now the sole stand up in positive territory. Rising oil continuing into its second day. Lets take a look at some of the biggest oil movers. Schlumberger up and candor morgan up 3. 6 , its highest since the end of april. Boost,rton getting a being two and outperform and raising its price target. All of this happening because of oil, so lets look at how oil has been trading. Highs, itssion highest since november 4 or so. There is speculation ahead of Government Data that u. S. Crude inventories may have fallen by 3. 5 million barrels, so that is pushing up the price of oil. We have se
Cnbc theyre sticking with their growth forecast. The differences are so small between ours and theirs. So it depends. We speak to the ceo of lamborghini as it unwraps its latest luxury model at the paris auto show. Others tell cnbc theyre optimistic on a european recovery. The worst here is behind us. I think the necessary measures have been patient. Theres still a lot of work to do. My job is to turn europe around. Announcer youre watching worldwide exchange, bringing you Business News from around the globe. Ecb meets today. The main rephi rate is 0. 05 . Banks are repaying deposit catch at a rate of 0. 2 . Mario draghi announced the ecb will begin buying Asset Backed Securities in a bid to expand the Central Banks Balance Sheet to 2012 levels. And that is what makes todays press Conference Key for investors. Top of the agenda, mr. Draghi, will be expected to answer tough questions on that controversial Bond Buying Program. The ecb president will have to defend the luke warmup take of