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Even though the gains have been so big, up until now it doesnt mean you should bail out and not get in on the game. I do wonder, jon, especially if we dont get a fiscal support package, especially if we do get increased deterioration in the economic data, i do wonder if well see a change in sentiment. Jonathan what if we get more restrictions . California, the governor, mr. Newsome had this to say yesterday. If these trends continue well have to take much more dramatic, arguably drastic action. If hes implying they might have to have a shelter in place order like back in spring or a flavor version of that, how do we get through that if we dont have the fiscal hand down from d. C. . Thats the question going into december and 2021 . Lisa the markets have shrugged this off completely. The deterioration some of the High Frequency data. If you want to look at the v shape recovery check out manufacturing which brings us to what we are l ....
Four days of losses is about to become five. Are down 7. 5 over the previous four days. Cross assets, we look like this. A bid into the bond market briefly in treasuries. It did not stick. It was a treasury market selloff. This morning, it is about yen strength. Dollaryen coming down on 0. 3 . Again. Rude is down 0. 9 mark wheret is that you have these massive producing countries like russia and saudi starting to worry. These are very hard prices to deal with when you try to balance your books. It all comes back to demand. Everything is about demand right now. When you have france and germany going into lockdown, that does not bode well. Euroyen is striking me this morning. I feel that for the first time it is acting like a haven. It is her membrane what it is supposed to do. Jonathan a bit of yen strength. Chancellor merkel giving a wakeup call to her fellow eu leaders. They failed to act quickly stop the pandemic. For more, our western europe managing editor joins us. Walk us through ....
The economic problem, thats much more on the fiscal size. The focus needs to shift on to fiscal stimulus now. More coordinated policy response. And all of the above strategy its critically important do that. Dont bicker and argue whether doing payroll taxes or paid family leave. Do them all. This is what the market needs to see, fiscal policy makers panic. G to markets stop panicking when start panicking. It took until really the last butdays for that to happen, here we are now. What a week its been. Table, me around the greg, and from pasadena, westernia, mike of Asset Management. Michael, the Silver Lining at the end of a brutal week for you out there, i know. Finally do you start to see the and shouldr panic that be the moment when markets stop panicking . Real good thats a point. We knew fiscal policy was coming our way. Monetary policy was coming our way. The two workin ....
To work out what the future relationship looks like between the United Kingdom and European Union. Tom we welcome all of you. Good morning on Bloomberg Radio in boston, new york, and washington. Very Early Morning in san francisco. I would suggest to our sirius xm audience, as well as all worldwide tv, what is important in this changed United Kingdom, it can actually drift over to the 2020 election. Jonathan i think you are wondering, imagine a republican president winning massachusetts, a republican president winning california. That is what happened basically, with the conservatives taking out. The red wall, so to speak. They made some big wins. Tom much to speak up today, but right now on television and radi ....