Everyone here is really waiting with baited breath on who the president of the United States is. We understand through the counting that joe biden could win it. It is razor thin, but we dont know for certain. The markets dont expect some kind of surprise, which is why they are stable and up. The other story is the bank of england, talking possibly about negative rates. Although, not for now. Guy johnson in the conversation with the governor talking about the Downside Risk. I think we have learned earlier this year with thoughts of covid, that we act both andkly and we do at clearly scale. We have a very substantial genocide risk on the forecast, and a lot of that relates to how covid itself will evolve. The bank ofernor of england. Extensive comments on this. Really important interview, mr. Johnson, with Nestor Bailey on the bank of england. I should note, sterling rallies nicely. Some of the headlines this morning are pretty shocking. Let me do a data check. Jonathan ferro just emaile
Interview for global wall street. I believe david folkertslandau is scheduled with us, from deutsche bank. The sun has not risen on the east coast yet. When it does, we will start to see the trickling in of the final 5 of voting in some states, and in some there is still a very large gap involving tens of thousands and hundreds of thousands of votes. What am i focused on . I guess i have to be focused on nevada. I may be wrong on that, but that is the one state on focused on right now, francine. Francine what im focused on is the legal challenges. I think it is pretty much being dismissed by the markets, and a lot of legal experts are also saying there is not a path forward for the president to challenge the voting. My want to see how that pans out and if there is a bigger impact. Lets get to first word news with ritika gupta. Just oneoe biden is battleground state away from becoming the next president of the united states. Biden already won two key prizes in the midwest, the states of
America, i find extraordinary. How closed down is london . ,rancine much like new york depends on whether its the metropolis, parts of the city, if you look at the city of london, which bloomberg is located in, its quiet. If you go to the center, its quiet, theres hardly any tourists because of the quarantine into the u. K. But if you look at residential places, thats when people come out. Waitinghen people are for Boris Johnson to announce an opening of pubs. It really depends on the communities and whether they feel comfortable. Many people might be elsewhere. And this harkens to your interview with that officer from ubs, and you wonder what the Service Sector is going to do on working from home or the office, what do you think . Greatne we had the conversation yesterday, she could see up to a third of the workforce never coming back to the office area if you think about it, it has huge and look asians for real estate, certainly commercial real estate for offices it has huge implicat
Upside we are seeing and some of the other parts of the Continental European market. And with perspective, it seems to be one of those days where the markets are looking on the bright side. He saw that in the Asian Session and the futures, and the u. S. Futures pointing higher. I do say we see some areas of red. We have been focusing on the scandinavian financials and have had some reports this morning, so we will see, but elsewhere, matt, i see a lot of red on the board. On thereat deal of red board. It seems the market just wants to go higher this morning. Matt yes, and we do see a lot of scandinavian movers who have put out earnings today for one reason or another. The big movers to the upside, if you take a look at a number of stocks gaining, 409. The number of stocks losing 159. This to percentage movers, anna, so we will see a difference. I did this because a couple of the Earnings Companies are not big Market Movers but still making a lot of headways, so there is a logistics com
I would look for italian bond yields and treasuries. We are also getting breaking news out of iea. It says the oil outlook is fragile. We had a great story saying saudi arabia is speaking to producers to make sure there is not too much volatility. 57. 42. Rude at and the one weve had a lot of news, we could talk about u. S. Intervention on the dollar. The yield at 1. 7. R shares are rising after the Company Proposed and 8 billion settlement. This is the picture, 7. 5 higher. Coming up, we speak to the chief executive of novo nordisk in 30 minutes. First, lets get straight to bloomberg first word news. We stay with that breaking, also a bloomberg scoop. Bayer proposing to pay 8 billion to settle claims round of causes cancer. This would settle more than 18,000 lawsuits. It may be months away, but it would ease investor concern over the litigation exposure. Fight, thatthout a is the italian Prime Ministers message to his deputy. Leaderiimmigrant league is pulling support for the administ