Over the next couple of days and weeks. Am my first calculation of fivestate differential this of 143 was 150 3000 out 153,000 out of 143 million votes. You wonder if we would have a five state recount. Im kidding. That wouldnt occur. Battle was in hawaii. The differential between john f. 1960 between john f. Kennedy and Richard Nixon was all of 115 votes. There was a recount in hawaii, and there was a swing from nixon to kennedy in 1960. You really wonder, is that what we have in store as we stagger to december . On georgia, just to add a bit of color, i was very focused on georgia over the last , becausenth and a half it is an important state. I believe it is a state that has only voted three times for a democratic president. If those times before it does go to a democratic president , two of those were when jimmyn 1990s carter was on the ballot, and in President Trump won the state by a 5 difference. Anwould even be symbolically important point if it is a razor thin majority. We nee
Ask them, they know where they were that day. 9 11 is one of those rare moments, perhaps one of the only moments like it. Tom in washington, was a plane ascending with a plane ascending out of reagan, a flag unfurled along the west wall of the pentagon. Thee will be ceremonies at pentagon at the pentagon at 7 30 this morning. As you say, we moved to new york city. What a decidedly different 19th year of remembrance this is. With this pandemic, it will be a very different set of images this morning. Jonathan we will observe those moments of silence through the next several hours here on bloomberg tv and on bloomberg radio. Lisa, give us the day ahead. Consumer8 30, some price data. We are talking about a potential dynamite pillow, as we heard from albert gallo. Will we see the resurgence of inflation . At 2 00 p. M. , how big is the u. S. Deficit . We will get the august budget statement. Today, President Trump and former Vice President biden will be marking the 9 11 anniversary. I have
Shortly. What do you observe this morning, nejra . Nejra im observing headlines coming through right now from andrew bailey, in the core with journalists he is having right now, that it is clearly a commitment to take action, saying the qe program is highly aggressive and appropriately is so. Also saying there is no evidence the boe is targeting any part of the yield curve, but what is really interesting is we did see a little bit of differing views in terms of the decision today. There were policymakers that wanted to extend qe today, but the reaction to the fact we have had no change in policy today is coming. Analysts say we will get more qe in june or august or both, and the pound catching a bid off the back of the boe forecasting the vshaped recovery. That is what i find staggering. A 15 rebound in 2021. Tom i think you are dead on in that, nejra. There is no question what six out within all the excel spreadsheets and the heroic language at this moment, really with depressionera e
Reporter he did, frank, and he did an unusual thing, he rejected the president s call for dropping Interest Rates below zero, and said he would do other things, such as make loans more available, but he really made a strong point, urging the president and congress to take action. A warning, wednesday from federal chair, Jerome Powell, that we will see a recession. About 40 of those taking less than 40,000 a year have lost a job in march. Reporter powell warned of low productivity, stagnant incomes and bankruptcy. He says the fed will increase lending, but congress and the white house also need to put money into peoples hands. Additional fiscal support could be costly, but worth it if it helps avoid longterm damage and leaves us with a stronger recovery. This trade off is 14 our elected representatives. Reporter powells statement set off along alarm bells. I think it is almost unheard of for federal chairman to be essentially recommending to the president and the congress what they shou
Prevalent absolute everywhere. Lets get a sense of where we go from here in these markets. A good time to take a look at where the rest of the year looks with davos kicking often switzerland. The World Economic forum now underway. Joining us for a little bit further down the road from geneva, the silly askew not geneva,of bank from the cilia skin not because gkionakis. Vasileios i think a major suppressor of volatility and supporter of markets is the fed coming out in october and starting to it bet to expand its balance sheet. Question is that the market clearly took that guy as long as the market thinks it is kind of kiwi light kind of qe lite. Does the fed start to pull back a bit from that support, and the market feels like theres maybe a little less monetary stimulus in the system . That would be one nearterm catalyst that could lead the market to change the volatility regime. Guy do you think Central Banks are brave and up at this point to withdraw some of this stimulus . Wouldnt