First wave of the coronavirus pandemic. Austria is doing well as well. Are seeing the dollar at levels that we have not seen for Something Like two years. The falls in the dollar taking place overnight. Yenre seeing the japanese clamber up as well, reaching the 104 level. 103 yen. Terry gou. That is the current position. Kong is declining just a fraction at the moment. That is where we are without one. That is where markets are standing. Haslinda. Lets get back to our top story. President trump has attacked the credibility of the election, challenging counts and nevada, pennsylvania, georgia, and michigan. Speaking at the white house, the president made several claims and said that the election is being stolen from him. We will not allow the corruption to still this election or any election in that matter. We cannot allow anyone to silence our voters. Haslinda joe biden is urging patience and saying that he is no doubt heading to victory, in an election that hinges on seven states. Mr.
Interview for global wall street. I believe david folkertslandau is scheduled with us, from deutsche bank. The sun has not risen on the east coast yet. When it does, we will start to see the trickling in of the final 5 of voting in some states, and in some there is still a very large gap involving tens of thousands and hundreds of thousands of votes. What am i focused on . I guess i have to be focused on nevada. I may be wrong on that, but that is the one state on focused on right now, francine. Francine what im focused on is the legal challenges. I think it is pretty much being dismissed by the markets, and a lot of legal experts are also saying there is not a path forward for the president to challenge the voting. My want to see how that pans out and if there is a bigger impact. Lets get to first word news with ritika gupta. Just oneoe biden is battleground state away from becoming the next president of the united states. Biden already won two key prizes in the midwest, the states of
And tom keene. We welcome all of you across the xm,on, particularly sirius jenna 119. 119. Morning channel good morning on bloomberg television. 40. 59. Oil, one of our themes today has been the hateful language we have seen from some of our talent, and i want to go to alex morales writing on your united kingdom. The Prime Minister facing a northern revolt. That is hate filled. Theres no other way to put it. What is a revolt up north . Jonathan i think it is an accurate description. Manchester is being pushed into tier three, the heaviest set of restrictions. The labour mayor is pushing back. Back against boris johnson. He is being asked for more money. That is the sense of things, that we are not in it together. There is much more Division Within countries, and not just the u. K. You have seen this playing out in spain, and you will see more of it through europe through the winter. Tom the division in america is seen by the debates last night, debates plural. It really comes down to a
London. Gold is on the move. I also wanted to show you lvmh. It is down quite significantly investors inted disappointing investors with earnings. The picture is that stocks and u. S. Futures are pushing higher today. Cooling somewhat but it did touch 2000 late yesterday. Dropped after the french luxury conglomerate reports earnings that missed analyst expectations because of the lockdown. Lets get straight to the bloomberg first word news. Here is leighann gerrans. Good morning. Senate republicans have unveiled a 1 trillion plan to bolster the economy. The package, announced by mitch mcconnell, includes an extension to Unemployment Benefits but at lower levels. It includes cash handouts of protection from virus lawsuits. We have one foot in the pandemic and one foot in the recovery. The American People need more help. They need it to be comprehensive and carefully tailored to this crossroads. That is what this Senate Majority has assembled. Meanwhile, nancy pelosi delivered a harsh as
Increasing a little bit from that level. A line in the sand with a lot of money flowing in. Taking a look at the etf, its amazing, up 9 10 of 1 . Now,the pound right comments coming through from michel barnier, indicating he thinks a deal as possible. Thats the most positive ive heard him be for quite some time. The market certainly latching onto that. Coming up, we are talking cars. Joining uscitroen later on, releasing a new electric car. Hows that going to sell in the current environment . We will talk about that more broadly in the car market. As they say we are coming to the end of the second quarter, which is certainly something spending a little time worth thinking about. The first half of the year has been quite a roller coaster but one that has been defined in so many ways by unprecedented action by Central Banks responding to an unprecedented crisis. Joining us now to break down the genesis of the rally that we are seeing in risk assets right now, mike mckee. Mike, the crisis