Lines. That means for democrats, 2027488000. Republicans, we want to hear from you at 2027488001. Is endants, your line independents, your line is 2027488002. You can text us your opinions at 2027488003. And we are always reading your opinions on facebook and twitter cspanwj. President trump is expected to reveal his pick for the Supreme Court later today at the white house, and several news organizations are reporting the picked to be federal judge Amy Coney Barrett. In fact, we will read a couple of paragraphs from the latest bloomberg story announcing their sourcing on the cake, heres what they said President Trump has told associates he will nominate amy barrett to replace Ruth Bader Ginsburg on the Supreme Court, according to people familiar with the matter, a move that could cement conservative control of the judiciary weeks before election day. If confirmed by the senate, barrett in the 48, would become the third justice appointed to the ninemember high court by trump. She is no
The quality of our guests there, including Rebecca Patterson of bridgewater, saying complacency into october, ramp it up ritika . Right now ramp it up. Right now, we welcome all of you. It is simply a monday friend from what we knew friday. Jonathan it is not a quiet start to this monday morning. Equity futures down hard. A bid into the bond market. Stronger japanese yen. Everything you would expect to happen on a risk off monday is happening. When you look to europe and the prospect of tighter restrictions around some of these economies, look no further than travel stocks. Break it down sector dissector. Travel stocks down 5 . Tom what i find just extraordinary here is it is not just about the future of the Supreme Court after the death of ruth bader ginsburg. Theres many stories. To me, learning over the weekend about this new heightened pandemic is front and center. Jonathan lay it on the three dimensional Political Risk playing out in washington. The three di mentions are as follow
Particularly for you. Having spent so much time close to her, what did you see about the greatness some of us do not get to see just watching her on the bench . Was a Justice Ginsburg surprising person in many ways. She was shy and retiring and super serious, and yet she had an extraordinary sense of humor. She loved to laugh. That is part of the reason she was able to maintain such great relationships with all of her colleagues on the Supreme Court and with everybody who worked with her, including her famous friendship with justice scalia. It was interesting to get a little bit of a window into how practical she was, how strategic she was. Person a very strategic and i think you see that in a lot of her rulings. In honor of a lifetime to tell her story. David one of the things that strikes me as remarkable is we forget when she started out, it was not recognized that the equal protection clause even applied to women and she systematically i got to see one of her arguments at the Supre
Less. The 30 year yield is interesting, it had a six basis point move earlier, probably the largest we have seen in any part of the curve recently. I want to point to the European Bank stocks index. It isn 6. 3 index down 6. 3 on the news of how banks are money laundering. An agency coming out saying this all proceeded their 2017 deferred agreement. We see how it progresses through the month. One stock to point to is universal health services, just an example of how Health Care Insurance and hospitals in particular are selling off today. Lets bring in Bloomberg Intelligence chief equity ategist jason Martin Adams Gina martin adams. Gina, if that had been your contention, how do you add in the death of Justice Ruth Bader ginsburg and how that will play out in the coming weeks and months into this market . Gina i think we already have a market that is pretty nervous about what is going on in washington with respect to the upcoming election upcoming election. Ago, we wereonth really prici
Election story, and whether the market is saying we want to seek some safety and the dollar is the place to do that. The yen was trading lower against the dollar a little bit earlier on, but eurodollar now trading with a 1. 17 handle. What youre seeing in germany, u. K. , canada, and the United States is quite a sharp curve flattening, pivoting around the tens. The 30s are down quite hard in terms of the yield, so a big bid at the back end of the bond market. Alix all part of that is the virus story you were discussing, so lets get to that. U. K. Chief scientific advisor warning of 50,000 new cases a day by midoctober if urgent measures are not taken. Cases are increasing. Hospitalizations are falling. Deaths unfortunately will follow that, and there is the potential for this to move very fast. At the moment, we think that the roughly is doubling every seven days. If we dont do enough, the virus will take off. If we do not change course, we are going to find ourselves in a very difficu