Entered a new wave of cases. Europes twin battles. E. U. Leaders make no progress. Chancellor merkel says finding compromise will be difficult as france and belgium are said to have urged e. U. Leaders to step up contingency plans for a nodeal brexit. Very good morning to you and happy friday. What a week it has been. Witharted the week off optimism and euphoria with markets on a high into vaccine news and we will be ending the week on a much more sobering tone. The news coming out in the United States, california imposing a new curfew, with pressure on officials. We wake up to a public clash between Steven Mnuchin and jay powell on unused lending funds and we saw that hit the futures market. S p 500 futures paring some of those losses. We have nasdaq futures relatively flat this morning. Treasury yields steady. In the pound, north of 132. We do have sources telling bloombergs that Emmanuel Macron is urging his e. U. Counterparts to start drawing up contingency plans for a nodeal brexi
Sunday. Meanwhile we should note that this comes as joe biden is going to be attending a town hall on abc this evening. That is set to begin at 9 00 eastern. It comes as President Trump will also have a town hall at the 8 00 eastern our, and they will be on abc and nbc respectively. This is supposed to be the night of the debate, but that has been canceled. David dueling town meetings on two rival networks. Is there any reason to believe this information will interfere with that town hall meeting from joe biden tonight or with Kamala Harris being back on the campaign trail monday . Kevin no. They are saying theyre having rapid tests throughout several days, they test both of the candidates and staffers. President trump weighing in earlier today, saying he takes frequent tests but did not specify how many tests. David thank you so much to our chief washington correspondent. Every day bring some new development that may or may not affect the election. What are the markets telling us abou
65. 00 was the expected number. Remember that we have seen something of a bounceback, but not a complete bounceback in this data. In terms of how we think about this, are there more jobs becoming available . What type of jobs are becoming available for the mid people being laid off right now . How easy is it to recycle this labor market . Alix not to mention, how easy is it to quit your job and get a new one . At story, President Trump the white house after three days of covid19 treatment at walter reed hospital. In a video, he sought to play down the virus that has killed more than 200 and thousand americans. Pres. Trump dont let it dominate 210,000 americans. Pres. Trump dont let it dominate. Dont let it take over your lives. We are the greatest country in the world. We are going to be back out front. Alix despite the president s triumphant rhetoric, his doctor did warn he is not entirely out of the woods. Joining us is Bloomberg Health reporter Michelle Cortez. Onwing what the presi
Plan, but Republican Leaders warned the gap remains wide. Mitch mcconnell says the plan contains poison pills. Bloomberg economics cuts its growth forecast for japan, saying the recovery is weaker than expected. This hour brings a survey showing what business thinks. We are getting breaking news crossing the bloomberg. President trump has moved to sign an order which would expand u. S. Mining, citing a threat from china. President trump has moved to expand rare earth mining in particular according to an official. We know china has in recent years have a huge presence when it comes to rare earth mining, which is used from everything from cars to mobile phones. Officials say President Trump has moved to expand rare earth mining for the u. S. There is a political element where union votes will be key going into the election. We will get you more details as they get to us. Lets take a look at the thursday session with sophie kamaruddin. Miers we are watching across the region following tho
Jump that that 49 increase is the biggest jump. On top of that, one point 4 billion worth of gains. That is more than double what you saw one year ago. On top of that, equity underwritings, huge gains. We will see how this keeps going on. They are seeing saying there priceline is strong. A different story than what we are seeing at the Consumer Banks that have seen many declines. Big in terms of ipo trading at goldman. How sustainable is that . Sonali as long as the markets are healthy, this can keep going on. Our sources are telling us the election can create a bit of a pause. The pipeline is huge for next year as well. You dont know when airbnb is going to go and there are a lot of unicorns looking to break into the public markets. When the ipos fail, you know that there is sachs waiting on the sidelines. Guy we are going to leave it there but we will continue the conversation. She will continue to brief us. Thank you very much indeed. Joining us now for more on those , baird is davi