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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 t ....
In the countrys history. And from facebook to the simpsons the young going black lives matter protests are having an impact on the world. But the sports news is munches tonight should reach the semifinals of the f. A. Cup they were pushed all the way for knowledge. With 3 minutes left in extra time on the same story. Welcome to the news hour 2 and a half 1000000 infections more than 125000 deaths and record rises reported every day the u. S. Is grappling with the worlds worst corona Virus Outbreak and it shows no signs of abating 5 states have now reported record spikes and daily cases with florida are the worst hit with more than 9 and a half 1000 new infections on the other side of the country and it has doubled its previous high several states are now scrambling to roll back their reopening plans but thats threatening the nations economic recovery the outbreak also appears to be entering a dangerous new phase with the virus spr ....
This for bloomberg on the economy. I am going to lose the introductions this morning and get right to the moment. Weve got great markets. Yields higher, dow futures up 300, etc. No one is focused on anything but an update on this grim labor economy. Jonathan how quickly can this labor market hell is the question we ask every single month now, and we will ask it continually through the morning . Maybe we getting median estimate , maybe it comes outside of that. But the question hasnt changed. It is how quickly we will heal after a big downturn in a very short space of time. Tom a lot of opinions on that, and of course, as i was just mentioning, across the 10 of the american demographic, it will be a different rate of change for the haves and the havenots. And, what is so important, you nailed this a number of weeks ago, is the damage to the broad middle class. We are focused on the elites at bloomberg, and we are focused on maybe the people that service the elites, but it is a broad swa ....
Hong kong activists call on the g20 to back there protests their protests against the extradition bill. They want World Leaders to use their influence on beijing. Shery and getting around the huawei blacklisting. U. S. Chipmakers have figured out a way to do it. 14 . N of as much as lets look at the broader markets because we have seen the strength in tech shares. We have seen the nasdaq gained. 3 . We saw equity markets higher in the beginning of the session, but in the afternoon, they started losing momentum. Of course, there is concern over trade tensions ahead of the g20 summit. We saw the s p 500 fall or a fourth consecutive session. We also had some swinging between gains and losses throughout the session. Chipmakers, though, managed to finish up. Chipmakers really had a strong session with the Philadelphia Semiconductor index gaining more than 3 and closing ....