Away. Knife edge. Brexit talks near a compromise on fishing, leaving the level Playing Field the biggest obstacle. Can the side to get a deal through today . Sanctions hit sentiment. Stocks and futures flip as the u. S. Is said to add more chinese officials to a blacklist and the rollout begins. Coronavirus vaccines start in the u. K. Tomorrow. The u. S. May follow suit by the end of the week if the fda gives emergency and approval emergency approval. I have been away for six weeks on paternity leave. It has been fantastic. Not much seems to have changed in terms of markets. We are still in crunch time. We are still looking at covid infections rising to alltime highs. We are still looking at u. S. Stocks rising as well. I guess the vaccines is the hopeful sign. Maybe this week, the good change we have all been waiting for in 2020. On return, everything has changed and yet nothing has changed. Certainly new information. That has been a real game changer. But we are still as you say at c
Fears. Republicans are sounding more optimistic about fresh fiscal support while u. S. Virus cases spiral. Good monday morning. 6 00 a. M. In london, 7 00 a. M. In brussels, where brexit negotiations are taking place over the weekend. Lets see where we trade this monday morning. We did not get a brexit deal. What we do see after the friday rally, the s p 500, the doubt, the russell the dow, the russell, all hitting new highs. The u. S. Plans to add sanctions on about a dozen chinese officials. The msci down about 0. 2 this morning. Many futures are down 0. 3 . 10year yield on friday inching closer to 1 , a level we havent seen since march, steepening on the t the largest steepening since 2017. This is on fresh stimulus talks. The pound, we saw some softness. The pound is the barometer for brexit, and brexit negotiations resumed in brussels yesterday. Signs one of the biggest obstacles to a trade deal is close to being resolved. U. K. And eu are hoping to finalize the deal, but another
Election. Well get the latest from Trump Campaign attorney jenna ellis. Joe biden set to unveil a plan for the economy. Will it include canceling debt, more lockdowns . What about the green agenda items . Well have a live report from wilmington coming right up. That and so much more on making money. Charles another strong session for the stock market, folks and the underlying force is really optimism. Wall street breathed a sigh of relief when the blue wave did materialize and the assumption that the gop holds the senate. The vaccine news allowed investors looked beyond the dark winter to a springtime of renewal that begins sort of in march well see normalcy built into the market right now. The notion was reinforced on moderna, they have a vaccines 95 more effective than pfizers. As a result of the burst of optimism, weve seen money pouring into equity funds by the way is a rare occurrence, particularly domestic funds. Individual investor bullishness surged and were greeted now with bi
Credit spreads really came in a lot. Basically, this tugofwar. Do you look at nearterm challenges or 2021 . Jonathan looking forward to this conversation. Gershon distenfeld is with us. Good practice social distancing. You can take it off for the interview. Great to catch up. The shortterm risk versus the longterm risk. That is a part of the conversation at the moment. One thing that you said that is important, you cannot draw a hard distinction between the shortterm and longterm. Shortterm can actually shape the long term. Can you walk me through your thinking at the moment . Gershon absolutely. The mask is not what you think. It is a plea for you to come home. Know howuse we dont to run elections here doesnt mean that you cannot come home. You may have voted for brexit over there, but you dont really know what you are doing over there. Jonathan i dont think you want me to weigh in on the election right now. You dont need the view from london. I will come home soon. Can we start with
Bloomberg technology. Lets take a look at the markets on the day. It was a risk on session, of course avenue do with the news out of madera that they have a vaccine that is 94. 5 effective on the volunteers. 500hat news, the s p finishing higher. Some nice gains out of the nasdaq. Moderna itself sharply higher. After the market, we did have news coming from brookshire and s. Her hathawaye berkshire added to their portfolio in terms of health care. Typically, health care a defensive space. With the virus, perhaps these additions have something to do with the virus. Stocks have been down sharply on the day after moderna news about the virus came out. Likingours, investors pfizer as well. All right, abigail doolittle, thank you so much for that round up. I want to get to airbnbs filing. The company disclosing details of its initial Public Offering plans for the first time, releasing Financial Results and previously confidential information on its operations. In ipo search that has largely