Dealing with the Chinese Energy company, that communist china considered its quote, bridge to russia. For energy deals. Working with vladmir putin. The senators say the new details deepened their existing concerns about quote, counterintelligence risk and much more. Weve also got the growing backlash against the media and democrats, for trying to politicize and attack operation warp speed. It is bringing effective vaccines to the market. The debate putting politics over your health. We have more on new york state Governor Andrew Cuomo attacking a reporter for asking about school closures. The governor is saying you know what . Youre wrong. But the announcement came out moments later that new York City Schools were in fact closing due to covid19. Now parents and taxpayers are not he hadfied. Theyre increasingly worried that the elected officials dont know what theyre doing. Anger mounting at california lawmakers for straight up breaking their own covid19, the states own covid19 rules bu
Furman, who was across from chair yellen years ago at the councils of economic advisors. It will be fascinating to see what she does in a very different job. The headline is she has to do with congress and the senate. Jonathan and she is conditioned by the experience of the previous cycle, and i think that is really important. This is about avoiding a premature declaration of victory. Chair yellen has lived that, and im sure she wont want to make the same mistake twice. Tom i am really focused on the department of defense after the chaos we have seen over the last number of weeks, so that will be an important announcement as well. The backdrop here is maybe the clearing of uncertainty, and look where the markets are moving. , 3600. N on the s p 500 64 off the is up march bottom. On a long chart, it is actually a very elegant chart with all sorts of good features. You really Wonder Within the debate of those good conversations opening the show, you really wonder what the next leg is. Th
The s p up 11 the dow up nearly 13 on pace for its best month since january of 1987. The nasdaq up about 12 . Check out the small caps because the russell 2,000 is up almost 21 in november alone. Thats the stock world but, melissa, our other favorite topic, bitcoin thats been moving a lot, too. Maybe joes favorite topic, at least bitcoin after recently hitting 16,000 were seeing it recoop some of those losses in recent days its up by almost 2 today, above 18,000, 18,540 guggenheim is reserving right for 5. 3 billion Macro Opportunities Fund to invest up to 10 in the Gray Scale Bitcoin Trust which is only invested in bitcoin and of course this follows many large investors including stanley drunken miller voiced support for this krip cro currency, joe. Yes, it has been getting traction interesting recent trading and good to see you, melissa and andrew its tough to come back from vacation, but having you here, melissa, i dont know, it just makes me feel very, very comfortable, happy my he
We have the travel and leisure stocks popping sharply higher. On the other hand, the stayathome trade, the zooms and the pelotons are down. Interesting to see how much of our behavior trickles forward into the future. Right now those stocks are being sold off. The one piece not quite fitting into the puzzle, bonds just about flat. Bonds not selling off. That may stick to the more difficult months ahead as the vaccine is raging here in the u. S. The virus is raging here in the u. S. Ahead of the vaccine getting out there. Bonds more nearterm looking at the reality. Stocks more optimistic, doing with the s p 500 does. Later alix david would be speaking with dr. Celine gounder. Paulsontime ago, henry appeared at the Bloomberg New economy for them and set a comprehensive new approach to u. S. Relations with china. We welcome him back to balance of power. Lets spend just a minute on the new Economy Forum. We are about to Revenue Administration in the white house. We will hear from the presi
Democratic politicians, examples how theyre breaking their own lockdowns. Americans lockdowns forethee, parties and trips for me. You will not believe who else is on the game. People and now more sheriffs pushing back on states from coast to coast breaking up basically the cities and states are breaking up large gatherings to stop covid19 from spreading but now sheriffs in four states are refusing to enforce these rules, including breaking up thanksgiving dinner parties under extreme covid19 lockdown measures that number of sheriffs doing that, the number of states where that is happening, that could grow. Also this, there is new hope. Pfizer says its vaccine is now more effective than realized. Maybe raising hopes of a vaccine in december. One top democrat governor is tossing cold water on that, and tossing cold water on the Trump Administrations operation warp speed coming to market. The fbi is launching a new counterintelligence probe into china nearly every 10 hours for replicating