Did i do that ok . Francine a minus for that. It is about fisheries, but it is also about brussels. There is one train. There is one train a day that departs london to go to brussels. Looking at the train timetable. He has missed this train. What does that mean . We are really uncertain. People say we could get a deal by sunday. Watch and see. Tom the train to brussels is called maria tadeo on the oriental express. Lets get to dr. Roubini. Here is ritika gupta. Ritika joe biden says he will ask all americans to wear a mask the first 100 days of his administration. Cnn hesidentelect told will issue a Standing Order requiring face coverings in federal buildings and interstate transportation. He says that will leave to a significant drop in coronavirus cases. On capitol hill, the chances are on a stimuluseal package by year end. The basis of negotiation is getting more interest from the republicans. Is spending 908 billion, less than what democrats are calling for, but they say it is a st
That is the shoes, right . The shoe extension . Francine i dont know if you can hear it, but it is a neighbors. It wont last very long. Hammeringtle bit of there. We welcome all of you here, to the realities of the pandemic. The pandemic is front and center, but there is a lot of other news. I would note pacific rim currencies continue strong. Francine they certainly do, and there is quite a lot going on also in pound talks, so lets not forget brexit and the u. K. E. U. Relationship. Les get to first word news with ritika gupta. Ritika the Trump Campaign is abandoning demands that almost 700,000 is withdrawing a key part of its lawsuit against the Election Results in pennsylvania. It is abandoning demands that almost 700,000 mailin ballots be thrown out because observers were kept too far away from the count. The challenge is now against a far smaller number of ballots, almost certainly just a fraction of bidens lead in the state. Joe biden is Meeting National security experts, but his
Disaster. Monetary policy works through emulating aggregate demand and that is important now. Ultimately, there is a job to replace lost income. Our congress stepped in and there has not been a faster or stronger response from congress to an economic emergency since the great depression. The cares act and other laws have been passed to more than offset lost income in the aggregate. There will be people for whom that is not true. You see high levels of savings on the Balance Sheets of households. Not experienced the downward cases we were worried about of mass insolvencies of businesses so far. So far, so good, i would say. There are no full recoveries without confidence. Do, which ipart to think we have done. The path forward will be challenging for a number of reasons, and i am sure we will get into some of them. Congresso do more and might need to do more with fiscal policy. The particulars of that are up to congress and not up to us. It is likely more will need to be done in time. O
Particular group of industries and people that are directly exposed to the pandemic. Who come ofople their old jobs may struggle to come back them because people will take their time in going back to certain activities that involve a lot of direct contact with other people. I think the right thing to do and the smart thing to do for the long run is to continue to support those people as they return to their old jobs or find new jobs in different sectors of the economy. Great. When you spoke to us in 2018, the fed was just at the beginning of reevaluating their framework. That younce learned are particularly keen on some of the estimates that you showed of how the phillips curve and inflation trends had flattened over the last decades. Those realizations helped inform the feds decision to engage in the average inflation targeting model. In the spirit of careful what you wish for, should we actually see some of those trends start that itt, do you worry may actually be difficult to turn s
In line. All about antibodies. Astrazeneca strikes a deal with the u. S. Government and do downplays President Trumps treatment saying large studies are ongoing. A lot of earnings in the week ahead Bank Earnings first. Apples big phone launch and amazon prime day and the retail impact from that and what it is actually going to mean for the stocks that you own. Carl jim, this morning i heard you talking with andrew a moment ago. Growing sense is we keep an eye on stimulus talks that maybe the market really has focused on the front burner more talk about antibodies and were going to hear what len told cbs in a few minutes. If you didnt know, carl, and you read the research this morning its almost like they got in a room and they said you recommend facebook and you talk about amazon and its your job to talk about alphabet its a concerted effort not a National Conspiracy but a concerted effort to take up every one of those whether it be amazon prime and the big 5g day for apple. But you ta