The next four years and what it can reasonably be expected to achieve. Number what, largely, to be a steward of the nations recovery. Having to reconcile with an agenda that formally biden cant begin to implement it until january 2020. That leaves time for the Trump Administration to steer the agenda to our they favor. Covid cases are trending higher. There are signs that Economic Growth is showing some strain. When we talk about what good potential he talk about, Mitch Mcconnell is on board for some fiscal stimulus. Jay powell out there also making comments about what could potentially be done. Carolinerobably why sort of stormed off the set. Ratio, a lot of people in washington, look where the budget deficit is. I know you are a closet mmter, joe. Explain to me how you get a major fiscal stimulus done. Joe you just vote for it. Politicalm is constraints. There is a lot of agreement, we need more stimulus, various programs that were enacted at the start of the pandemic, we have a spen
Encompasses more than 2 billion people and has been more than 10 years in the making. Afterent trump backtracks appearing to admit defeat in the election come he still insists the election was rigged. Lets take a quick look at the record move in u. S. Markets. Economically Sensitive Industries gained momentum even as coronavirus surges across the nation that could lead to more restrictions. The s p 500 rallied to an alltime high. The Dow Jones Industrial rise rose to close at prepandemic level. Home winner, zoom Video Communications tumbled. We will speak to a bullish investor on stocks coming up and he thinks we are going to find out in the third order the u. S. Pandemic caused recession is ending and we are setting the stage for a market. The record close on wall giving some we are seeingthat coronavirus surging. Higher trading when it comes to kiwi stocks. In sydney, rebounding from friday. We are also looking ahead to thirdquarter gdp numbers out of number ofell as a japanese numbe
Reporter he also served as the director of cia and secretary of defense in the obama administration. He says he has been in touch with the biden team recently. The first order of business is obviously to put your White House Team together, get your chief of staff, get your National Security advisor, get your key staff people, the person handling press, etc. Be able to get that team in place, so that youve got a core command group, so to speak, and then begin the process of looking at all the cabinets. Reporter there are 70 days in the transition period. The longer it takes to declare a winner come the less time for the new administration. He says one bright spot is biden has eight years of experience in the white house. Transit republicans and democrats alike deserve to have a peaceful trend that transfer of power, so that our country can proceed to deal with the challenges that face all of us. Reporter President Trumps top Economic Advisor says there will be a pistol transfer of lower
Going to know where we are tuesday night. Lets call it less than likely. Maybe somebody can disagree with me on that. We will go into wednesday and may go into november to get to a successful outcome. Jonathan that is the risk of this market, and it has been for the last couple of months. The other issue this market is grappling with at the moment is the breakdown of traditional correlations. Last week was brutal for the equity work it the equity market. Youve got no comfort for the bond market. Tom bonds really dont move today. It is a higher yield into the weekend. A less than correlated market. I would note the absolute stasis in strong dollar. Dxy, that blended Company Index against the dollar, 94. 03. That is a strong dollar. Jonathan weve got to talk about the weaker euro over last week as well. The Economic Data in europe set. To get worst. We have manufacturing set to get worse. We have manufacturing pmis in europe tomorrow. Lockdowns in france, lockdowns in germany, and the u.
Failed azerbaijan and armenia accuse each other of killing civilians and attacking its. Hurricane slams into the u. S. State of louisiana the 5th major storm to hit that region this year. And back in the hot seat the heads of Facebook Google and twitter face tough questions from politicians about how they monitor content on their platforms. Day hell didnt even put you in charge of what immediately allowed to record and what the American People to hear. A part of europe are facing a new round of shutdowns as the continent struggles to stop a 2nd wave of private 19 france will go into its 2nd nationwide knocked out on friday in announcing the wave president warns the surge could be more deadly than the fast and hospitals could soon be overwhelmed natascha buffet begins our coverage. In a sort of a t. V. Address french president emanuel. New lockdown was necessary because frances Health Situation had deteriorated rapidly. Want to play this even more departed because of what we learned in