Most well litigated. One legal tracker is already following around 400 lawsuits filed. It is not just the white house and congress. Americans will be voting on everything from the gig economy to marijuana to taxes. Joe, we all know, after brexit, after the 2016 election, pulls, you have to take with a healthy dose of salt, but we are going to look at them anyway. Joe even in the absence of perfectly reliable data, we will tell stories on the data that we have. Polls all seemhe to be saying the same thing. Most people seem to think that joe biden is going to win. You can see how similar trumps pulling his versus the same time last year. The polling is, similar. Not sure what that chart tells me. Should i panic . Joe sell everything, by and back in the morning. Up a lotwhat tripped of people in 2016 was not the popular vote, it was the Electoral College trumps into thosereally go swing states and dominate there. We just had ed ludlow talking about what is going on in arizona. Us, keeping
What is interesting are the responses. Normally this data is not very exciting. In the united states, it is dictated by what they are getting at the gasoline pump. Shifted to focus on groceries and products such as hand sanitizer. Inflation expectations were dramatic in april. They are at 3. 1 in terms of the survey and 3. 2 percent last time around. The last year, that number was significantly lower. Alix 2. 6 . Lsare we going to get inflation growth in five years time . Yesterday was a brutal day. We were left scratching our heads and wondering if what we of the fairllying market. Bear market. Treasury markets, you are seeing a little shift there as well as we go more into risk. The dollar is softer. Is it over . That is the question. We will break that down over the next couple of hours. To give usr is going a real read on the u. S. Economy, moving forward. Now for your markets, we will have a technical look at how you should position after yesterdays big sell. A chief technician jo
Optimism is. We used to joke a lot about a month ago about the rally we saw in virgin galactic. Today those shares up 23 . Names that maybe did not have a lot going on around them but maybe they hope and a prayer. Carvana,at was up 80 or so in the past week and a half. There was some Industry Data overnight that seemed to suggest that, at least for carvana, that might not be the case. Are notes trends that as bad as feared. Chief equity advancement officer. Eddie, what is your general outlook here once you get beyond equities at start to connect it with some of the other asset classes. A large Floating Rate Bank loan business, so we are in close contact with our counterparts in both the bank loan and highyield areas. The interesting to look at treasury market and see if very depressed area of interest rate. The bond market telling you there could be things to concerned about. When you get into individual stockpicking, individual industry selection. I think for the rally to continue in
Bostick. The to us about what drove numbers down again today . It seems they are waiting on a stimulus package from the senate. Romaine that is really where all eyes are right now. You saw the market rally in the premarket but all of those gains faded and we ended up down on the day because of the negotiations that have been going on in washington. We had a vote to advance that bill in the senate. That failed to get the 60 votes needed. You saw the market sort of sell off as a result. Mitch mcconnell said that it could be friday before this bill even makes it out of the senate. It still has to go to the house and to President Trumps desk. From there, you still have to get that cash to people. The more time it takes to get this out of congress, the more you will see these market gyrations. The market wants to know who will be helped and how much they will be helped by. Fory it was an awful Day Financial stocks. Romaine this is all about the concern that there is a credit crisis. We have
Between 5 and 7 . That kind of sets you up for your morning. Dollaryen, safe haven bid full in play. The yen and this was see the safe haven of choice. The long end of the curve taking more of that safe haven demand. Crude rolling over now. You have the virus, what is happening between opec and russia, and now a travel ban, which is going to destroyed jet fuel demand. Really taking it on the chin. Time now for global exchange. We are going to bring you todays market moving news from all around the world. Our bloomberg voices are on the ground with all of this mornings top stories. We begin in washington, where President Trump suspended travel from europe for the next 30 days, effective friday at midnight. The been excludes the you could the ban excludes the u. K. Pres. Trump to keep new cases from entering our shores, we will be suspending all travel from europe to the United States for the next 30 days. The new rules will go into effect friday at midnight. Alix joining me as kevin cir