Have the numbers as soon as they hit the tape and show you the impact. Coronavirus keeping the c task force going indefinitely focusing on Vaccine Development and reopening the economy. Meanwhile some lawmakers looking to expand the Paycheck Protection Program and add more stimulus but others raising concerns about growing debt and deficit. Markets this morning pointing to higher opening. Take a look at futures, indicating market wills open higher in triple digits, dow up 3020 points, s p is up 41 and nasdaq higher by 138, one and a third percent, this after concerns of new china relations to china. Scope memo is out. Outlining authority to former special counsel Robert Mueller, it reveals probe went beyond and completely openended. The fallout coming out. People are working out and playing video games, pelaton surging 66 , the company boosting Sales Outlook and the stock flexing muscle as well. Stock up 17 in premarket. Fortnite becoming one of the most Popular Video games ever surpas
After theor joins us decision. And holding tight, the bank of england will follow the boj in Holding Rights steady, the first. Ictory a warm welcome to daybreak europe. Ready for all systems go, i found it fascinating that this gentleman referred to timidity and risk when managing his own money, but not when he was managing other peoples money. Its a fascinating insight into the psyche of the fund manager. Is long on equity and currency. Income. T fixed good morning. Nejra he certainly remains bullish into next year but he even use the word coward to describe himself at one point, but still staying bullish into next year. A fascinating one to watch, he thinks the fed has gone too far the other way in terms of cutting rates, whereas previously he was saying they shouldnt have gone into that hiking cycle. He does think they should be hiking now. There are three things he said could actually kill the bull market. Marketsf in the credit and also perhaps an acceleration in inflation that pr
Into the police, the wellestablished mechanism is to use the ipcc to look into those allegations and complaints. At this time, they have chosen or taken the initiatives to conduct a thematic factfinding study into the more significant incidents that have caused a lot of public concern. , it has already worked. The best way is to complete its finding and for society to examine the findings and have a good discussion on the outcome of the report. [speaking foreignlanguage] david ok, just to recap some of those lines. She is taking questions. Carrie lam says she will soon announce relief measures. We will bring you anything new out of the news briefing. At first wordok news with su keenan. With the new ecb chief christine lagarde. She has said that policymakers will be resolute in restoring euros in price stability under her watch. She also stressed to that an upcoming review strategy will be wideranging and will include the effects of climate change, as well as lowinflation. She will sha
Forward on inflation, the fed sees core pce inflation dropping, to 1. 6 that is the inflation excluding food and energy original closer to 2 objective fed sees inflation rising next year under target range there, now on growth sees gdp finishing 2. 2 for the end of the year here, 2 for next year, then the fed sees slowing growth in years 21, 2022 down slightly but still in that 2 range there, on jobs, the fed sees jobless rate going up a little bit to 3. 6 currently 3. 5 , the fed then see it is jobless rate tick down again back to 3. 5 , next year, now finally, talk about that all 17 members of the fomc vetted to keep rates unchanged, that means this was a Straight Line, i called it last time it was Straight Line december, of 2015 back to you. Thank you so much for that, here to discuss former dallas fed advisory, danielle, expect a planning chief Market Strategist jeff point Bridge Capital paul lambert, lets get into what we heard no change he in terms of the expectation, rates uncha
Tenyear. It is unchanged, 1. 83 . A point of reference more than anything else. Of positivity with regards to whats happening for sterling. Withabour party coming out drives of its manifesto, some are saying making it relatively unelectable. That would make perhaps a move on brexit, or Boris Johnsons deal on brexit. Stablepretty much against the dollar. That as we get growth details a little bit later. Lets get from whats happening here in new york. We have first word news with su keenan. ,eporter we start in the u. K. Prime minister Boris Johnson aims to win the support of u. K. Business leader today, offering. Ax cuts as an olive branch the december 12 the vote could determine how or even if the u. K. Ultimately leaves the european union. Saudi arabia has agreed to lower its valuation of the energy thet aramco to pare back size of the initial ipo to make sure of its successful about half of what has been considered for the ipo. It is seeking a valuation between 1. 6 trillion dollars