You are watching live from paris. We start in france were president Emmanuel Macron has announced a new coronavirus lockdown. Details to be announced on thursday, but the message is clear stay at home. Also a return to the piece of paper french people have to be able to show police to justify their presence outside. Stay at home as much as possible and follow the rules. We will only succeed if everyone acts for the good of all their citizens. Every hour counts, so all these new measures must come into effect as soon as possible, and they will do so this thursday night. They will last until at least the first of december. For more on the news that has been announced, i was joined a short while ago by our editor. It sounded like the same as in march with one or two tweaks. Pretty much the same as march. Just changing the time of the curfews or having perhaps a weekend curfew. It sounded like a full lockdown, i mean a maximum lockdown, because he was describing the situation we are going
Tuesdays election. Were expecting to hear from him any moment now. We have a big show. All that and much more on making money. Charles so this morning the Financial Media fixated on the rising covid19 cases in europe, new lockdown, potential lockdown measures might eventually come to the United States and you know i think there is a whole lot more spooking this market, including reaction to a repo tension biden presidency. Think about this after the Consumer Confidence came out yesterday below estimates, that was 10 00 a. M. The early result we saw in the market faded, by the end of the session selling picked up. S p was at 3406. That was the session high. It held as resistance and then we went do you and the dow was 27,689. The high from the session straight down from there. It wasnt just that the headline declined but a sharp drop in swing state confidence. Florida wept from 114 to 110. Michigan 124 to 119. At moment i still believe President Trump will pull this out. If he doesnt th
Welcome. There has been investment in the science and manufacturing of developing a vaccine and rolling it out in record time and getting it to everybody around the world. To tryf us came together andunderstand this journey to quantify the uncertainties in the science and scaling up of such a product and to reflect on what this means for policymakers and societies all over the world. What is the chance of getting a vaccine in the next 12 months, how long will it take to manufacture it to scale, and how governments done in designing their vaccine portfolios, but why does this matter . Taxpayers need to know this information. We are aware of industries and governments that have their own internal models and analyses. The stakes are too high and the information shared so far has been so little and hard to. Erify not only is this needed to plan buildlios, but to help trust, without which a vaccine will never work however successful. Today we are sharing our findings with you including the
The chinext is lackluster here. Indonesia coming online. The futures are not going anywhere in singapore today. We are watching that dollars story once again. The dollar weaker here. We did see the pound falling after the bop made the clearest signal yet that it may be considering negative Interest Rates. 104. 81 for the dollaryen. Take a look at crude. You better not be challenging us. You are watching a bit of a bid for iron ore. Global coronavirus cases have no topped 30 million with more than 940,000 deaths. Reported the most cases since the lockdown in may. There were more than 10,000 new infections. The northeast of england is introducing tough new restrictions. The bank of england has given the clearest signal yet that it may consider cutting Interest Rates to below zero for the first time in its history. The policy is part will be a similar move shortly after. Here in the u. S. , the Federal Reserve has started the second round of wall street stress tests. Unprecedented restrai
Its been a wide range today. Former citigroup ceo sandy weill will join us to discuss the water shed moment at his former company which just became the first major u. S. Bank to appoint a female ceo plus, well speak with jason robins from draftkings ahead of tonights nfl kickoff. And we are counting you down to some exciting earnings after the bell today including peloton, oracle, and chewy. Two out of three are big stay at home winners plus an interview with chewys ceo as soon as the numbers hit the tape lets get straight to the market in the final hour of trade another volatile session on wall street mike santoli tracking the action for us what caused the weakness here in the last few momentors so . That morning rally was really limp it did not pass any of the tests. It stopped where yesterdays highs were nobody had any faith this was really going to be upside momentum then you had a rally in the treasury market. Yields got compressed a little bit. And the dollar is also been higher