Continue to hold up well. Temporary laidoff workers in some ways have been brought back. 6. 6 million jobs. Guy no surprise the bank of canada has left the key rate at 25 basis points. So untilontinue to do capacity is absorbed. There is a huge output gap that exists in United States and globally. That needs to be sorted out before we see any sort of rate rise. Mirror whatting to is happening in the United States on an imminent. Many suspect on unemployment. Many suspect we will see the bank of canada mirroring what we have seen from the fed with a focus on average inflation. Atx we are taking a look elliot management trying to block chevrons takeover of noble energy. You have elliott trying to block the companies. Chevron is trying to buy noble energy. They got shut out of the anadarko deal. Both stocks are holding on with gains in the market. I dont know why they would try to break up the deal. Nevertheless they are trying to break it up. Turning to the vaccine and the race for the c
Jobless claims, though, 4. 4 million, bringing the total to 26 million over the past five weeks. Oil bounces, and the european pmis remain historically low 16 in france no, 10 in france 16 in germany. Jim, though, your tone this morning is relatively hopeful. Look, i am a creature of who reports and what they say. And i can literally i find it hard to remember as Many Companies as saying good things, even as obviously were in nidest of a pandemic, and i dont think theyre all clockeyed optimists. These are large cap companies. These are not the companies that the government is trying to protect. These are arguably the winners the companies that are going to get stronger i listened to lee, and Lee Cooperman was talking about what its going to look like on the other side i look at my desk. I have reports everywhere here these are all companies that are going to come through with fewer competitors. And that may be bad for the u. S. Consumer, but its good for the stock market david, would y
The twostens spread is up 31 basis today. Been a while since weve been that wide on the spread. A far cry from the negative numbers we saw earlier in the year. A little bit of weakness today for the british pound. We are waiting for Boris Johnson to speak to lawmakers in parliament. Has gotten several upgrades. There are still some analysts cautious about the fundamentals, but generally, that type of a gooddata is seen as outlook. In europe, we are seeing a mixed bag with carmakers again, kind of in trouble today. They are dragging down the dax. We also have a couple of french carmakers lower after the deal with fiat yesterday. We will get into Boris Johnsons plans in a few minutes. The stoxx europe is all told, flat. At 22 basisield points right now. That is the most positive we have seen it in negative territory for quite some months. Later this hour, we will be watching Prime Minister Boris Johnson speaking in parliament after laying out his legislative priorities earlier, with a fo
Business, finance, and politics. Jin liqun in the presentday world, only cooperation is the answer. For the first time, this generation realized there is no planet b. This invasion portfolio, we have to have a lot of bets, knowing that some of them wont succeed. This innovation portfolio, we have to have a lot of bets, knowing that some of them wont succeed. Viviana it is all straight ahead on bloomberg best. Hello and welcome. I am viviana hurtado. On this edition of bloomberg best, highlights from the Bloomberg New Economy Forum. Global leaders gathered in beijing. They exchanged ideas, examined opportunities, and addressed challenges facing society, this at a critical moment of economic transition. On the agenda, issues including trade, technology, climate, urbanization, and much more. Chinas Vice President , wang qishan, set the tone in his keynote speech. He warned against protectionism. Vp wang qishan [speaking foreign language] translator we should pursue common, comprehensive,
Answer. For the first time, this generation realized there is no planet b. Bill in this innovation portfolio, we have to have a lot of bets, knowing that some of them wont succeed. Viviana it is all straight ahead on bloomberg best. Hello and welcome. I am viviana hurtado. On this edition of bloomberg best, highlights from the Bloomberg New Economy Forum. Global leaders gathered in beijing. They exchanged ideas, examined opportunities, and addressed challenges facing society, this at a critical moment of economic transition. On the agenda, issues including trade, technology, climate, urbanization, and much more. Chinas Vice President , wang qishan, set the tone in his keynote speech. He warned against protectionism. Vp wang qishan [speaking foreign language] translator we should pursue common, comprehensive, cooperative and sustainable security and reject zerosum games and cold war mentality. Viviana some of the worlds most influential people in banking and finance shared their thought