National intelligence John Ratcliffe as we are learning the country is doing human testing to genetically enhance military. Focus on stimulus this morning, Speaker Nancy Pelosi says it will be done by christmas, we will hear from former nyc barrasso and Mick Mulvaney. Marks are lower. We will start the week in the red, dow industrials down 145 points, nasdaq lower by 15 and s p 500 weaker by 16 and 3 quarters. All three major indices up out of the last 5 weeks, last week we are up 1 on the dow and 2 on the nasdaq. Mornings with maria right now. Maria european markets look like this, dax index in germany lower by 63. In asia overnight, markets finish mostly shower. We had Economic Data, that is the fastest pace of exports since february 2018. The growth also helping to generate a 75. 4 surplus. The data, of course, coming from the Chinese Communist party and this has been the big fight between china and the u. S. , the fact that we are buying more products than china is buying from the
Within the perfect Indian Summer of new york, we see a nation counting every vote. Is 2. 5 . Within the counting of votes is the new slow bouncing off of this political moment. Ive got eight ways to go in this opening, and i am going to go jon ferro where you have been, which is the renminbi just moving to new strengths moments ago. Jonathan dollar weakness has got to be the story. We talked about this through the morning. The counting continues. This race is too close to call. This market, the event they are anticipating is a Joe Biden White house, and what that means for the economy and these currencies. They are assuming it will mean a weaker dollar, and that is what youve got on the screen, not just against the chinese currency. It is broadbased through the whole of g10. Tom the emotion in the United Kingdom, i saw the five letter word march and my heart skipped a beat. What are the ramifications of extending a locked three additional months . Jonathan i know very few people who th
Spread of but potentially damaging article involving joe biden son, did social media giants just hand the government razor wire to wrap them in regulation, we will look at the stocks, both political and financial, our panel of experts from the field of politics in emerging technology is here to debate this issues to the latest election year. The company you have never heard of that is working on whipping up an antibody cocktail to try to keep you safe from covid, the ceo immuno professor is here in this box business exclusive. How close is she on this, hopes and setback in the bigger race to Covid Vaccine and therapies, the nasdaq is still looking to make it four weeks in a row of gains, its up 61 points in the s p up 23 and the dow charging ahead by 273, the market youre a fox business alert, we now have the early ratings from last nights dueling townhall, democratic nominee joe biden gets the edge, the abc appearance pulled in 12. 3 Million Viewers from 9 10 00 p. M. Eastern on abc w
It is an extraordinary day. We are to have a conversation here on what do you do with your money given what we have seen. The fed upstaged by the bank of england today with actual talk about the process to affect negative Interest Rates. Jon they have stepped up the flirtation, that is for sure. In the last 24 years, the whole thing is relatively ridiculous. Theyre forecasting 4 unemployment for 2020, 2 inflation with rates still going nowhere. If they are willing to tolerate that, rates are going nowhere for a long time. Tom the dissidents of the press conference was some really weak questions. Right near the end, mike mckee stopping traffic with a question about the efficacy forward, the path forward for the fed. It is a mystery. Jon you brought up this News Conference a couple of times. Do you want to vent a little bit . Tom im going to vent. Im doing this with jon, who has real experience in europe. The questions that the ecb and see morengland informed them what we see in washingt
And Lisa Abramowicz. Tom good morning, everyone. It is news packed. Politicsng things on and international relations. The operative word this morning is stimulus. It is stimulus in europe, an announcement shortly, and presumed stimulus meetings in washington. Jonathan in europe, it is about signal, not size. Making progress, they meet again at four clock p. M. Local time, 10 00 a. M. Eastern time. In the United States, it is about size. Theres a 2 trillion spread between democrats and republicans as Congress Returns to work in washington. Not small change. Tom what do you see in the bond to 4 when it devolves trillion, ive even seen a 5 trillion deficit . What does the bond market look like into the end of the year . Lisa it is wide open. Basically, saying we will give you money at the lowest ring cost on record in order to borrow money. You see that for the u. S. Government, also for u. S. Corporations. Right now, the cost for investmentgrade companies to borrow in the United States i