I just have a little bit of information to cover before we start. The book we are discussing today on house divided is tecumseh and the profit. We will meet peter in just a moment but first i want to tell you about the book coming from can off publisher and thank you for helping to put peter on the program with us today the cost is 35 and can be ordered from our website those of you watching this on the lifestream and then you can have a signed First Edition on october 27, october 27, 2020 was the release date for the book and for signing a special day of the week bookplate so books that you order from us on this program will be a limited edition i cannot tell you how many books will be that is up to you you will get a signed limited edition bookplate from Abraham Lincoln bookshop. This will be we broadcast on television and later by cspan and thank you for participating in this program. So another piece of information here please leave your question in the Comment Section of this Face
Electoral joe bidens win is confirmed by the electoral college, but he hints he may never concede. Good morning, everyone. Welcome to bloomberg surveillance. I am Francine Lacqua here in london. It is the day after an american holiday, which saw a lot of markets closed. Cash equities open in the u. S. Because of thanksgiving. This is what i am looking at overall in the markets. Quite a lot of movement is on the portuguese 10year yield. Markets are speculating when it could go into negative territory. Today, the overall mood is a bit of caution out there. Investors, secondary valuations following a rise in equities this month but also enduring pandemic and parts of europe, oil retreating, with rising tensions within opecplus members. We will have plenty of more on that throughout the show. The stock market has a rotation into cyclical and value, by the promising vaccine, or could we see farther moves . For more on this, lets get straight to our dani burger with a look at the markets. Hi
Stuff. And it wasnt just americans who were in the situation but so too were our trading partners around the world. They didnt have enough income to buy all the commodities we were producing in our fields and all the wonderful things our factories were making. So by the end of the 1920s the American Economy went bust. You all know the stock market crashed in 1929 and the World Economy went bust as well, a worldwide economic depression set in that lasted between 1929 and wasnt officially over until 1942. What was called the Great Depression could be considered a crisis of abundance. It brought attention to purchasing power and in doing so it ended up politicizing consumption. We talked a lot about how consumer culture rose to be at the very center of american culture. And i keep telling you we need to consider politics, and today is the day we will think about how consumption became plit politicized. So heres a graphic that typifies the usual story that historians tell about the Great D
Im Charles Payne in for stuart varney. Varney company starts right now. While cnbc is on break, we are open for business. Charles hundreds of americans back in the u. S. This morning after being evacuated from the coronavirus affected diamond princess cruise ship. Lauren, we know some have tested positive for the virus right now. Lauren yes. So the u. S. Chartered the two flights that arrived early this morning, one in california and one in texas. As they were going from that cruise ship docked in japan to the charter plane, 14 tested positive for the coronavirus. That essentially doubles the number of infections right here in the u. S. We had 15, now you have 14 coming in. They will be in quarantine. They were already in quarantine for about two weeks but they will be in quarantine at those two air force bases for another 14 days. Charles thank you very much. Mean meanwhile, macao says the casinos can reopen. Susan its a big deal especially for casino shares that trade in the u. S. ,
External instabilities and the uncertainties economy is under mounting downward pressure. Many problems china faces are home grown industrial output and fixed asset investment. Chinas army of consumers provided some relief retail sales edged up nearly 8 percent. The us china trade war is casting a long shadow slowing china growth could even cause global recession. For more lets bring in our asia correspondent andrea hang in singapore that 6 percent gross in the 3rd quarter instead of the expected 6 point one percent how big a deal is that. Well monica its actually not a very big deal given the fact that the Chinese Government did give a very white target range of between 6. 0 and 6. 5 percent for the entire year now this is also leading to the since its officials in beijing who say that they have somehow maintain stability overall in the quarter. While how reliable is the official data that were getting well this is a very big point of contention for everyone and its inherently because