Bubbles cannot mix unless at work. Tom im speechless. I was just talking to jon ferro, just getting up at the crack of 9 00 a. M. In london, about the uniqueness of it. There are two separate parallel worlds and the United States, where europe and the pandemic is off the radar. Clearly in europe it is unraveling. Francine it is. We are all dealing with the same virus, having the same effect on people, but if you look at germany come it is different on how they decide to do with it, compared to macron, with tighter measures. Now lets get to the bloomberg first word news with ritika gupta. Ritika the chances of Congress Passing a preelection stimulus are all but gone. Treasury secretary Steven Mnuchin is blaming politics. He says democrats dont want to give President Trump something to brag about in his campaign. Democrats say the white house never took the need for another stimulus seriously enough to push for a compromise. Senate democrats are all but powerless to keep Amy Coney Barret
A simulcast on bloomberg radio, bloomberg television. We welcome all of you in europe and the challenges there, and we will get to you in a moment, and all of you across this nation. It has been week after week at an 800,000 level, even up towards one million a month ago, and the news slow is simply extraordinary. Jon, you have been way out front on the distinction between the virus and pandemic on the continent of europe over to the united kingdom, and the difference with the United States. How urgent is it for mr. Macron, chancellor merkel, and Prime Minister johnson . Jonathan becoming more difficult, and the problem they are having is localizing the effort. Many people in parts of the country that are facing tougher restrictions are asking, what about everyone else . That is the story in the u. K. As london gets upgraded to a new tier and faces tougher restrictions. As we get deeper into the winter, it is not just about the caseload. I think they are much more keen to emphasize and
With the pandemic, so different in america. Francine im sorry, tom, you cannot forget about brexit. Almost there, and certainly by next monday, london will have moved to tier two, which is where you can still meet people outside but you cannot let people come into your home. We should have a better idea of what london will become over the next couple weeks. Is similar moved by the french president , emmanuel macron, announcing that eight cities will go in lockdown. That is hurting a lot of the stocks. Go, there are eight ways to and just because there is compressed time, are the chancellor of the exchequer and the Prime Minister on the same page . Francine they are on the same page, but we heard from the london mayor, who is from the labor party, and the opposition leader, asking for a national lockdown. We call it the circuit breaker. The idea is for two weeks we go back in lockdown so that the cases go down. This is not what the Prime Minister wants to do, but we also know that the l
Economically but really to the health crisis. Is norancine, there question about the extension of the virus. The cases of the virus are rolling over, but i will tell you, if you look at it graphically, it is ever so slight. The dawning awareness here in the pandemic in the last when he four hours is a primal scream for testing. In the last 24 hours is a primal scream for testing. There is a new awareness that Going Forward we need testing, and that is not so much to get people back to work but to stop the job losses. Remember, we have jobless claims this morning at 8 30. Francine what you are talking about is two different tests, right . Both i hear more and more people calling for action, testing on whether you have covid and testing on whether you had it and have developed antibodies. Thats get to first word news in new york city. Lets get to first word news in new york city with evian hurtado. Viviana President Trump will a lack will talk today about whether to relax guidelines. He
Velocity to the dollar and cash, it only have i never seen it, would say biblical times but i was not around for that. Francine i will have plenty more on that. Lets get to bloomberg first word news. Viviana we begin in china for the First Time Since january the nation reporting new cases of the coronavirus in the single digits. A month ago china reported almost 15,000 cases in one day. It is a sign of viral outbreak may be coming under control. Still the disease is spreading in the u. S. And europe. Italy has more than 15,000 cases and over 1000 deaths. The u. S. Is now up to 1500 infected. A state of emergency declared in new york city last night. To capitol hill and how House Speaker nancy pelosi saying she is near an agreement with the Trump Administration on a coronavirus bill. For paid sicking leave and more aid for those who will lose their jobs. Policy hopes to have a deal today. Investors looking to the Federal Reserve. The fed unleashing a trillion dollars but failed to help