>> from bloomberg head quarters in new york, i am joe weisenthal. romaine: i am romaine bostick, and we will continue our coverage on donald trump. we learned just a few moment ago that the white house physician did say president trump is quote in good spirits after that diagnosis we heard about overnight and that he has been receiving some treatment cocktail an antibody made by regenerating -- regeneron pharmaceuticals. something that we were looking for as i hope to get over the covid crisis, but now it appears president trump is effectively getting a dose for himself. of course an extraordinary day ready much sense two or one bang in the morning -- withhicks being diagnosed the coronavirus, but one of the more extraordinary days in a tog time in d.c., adding that the news with the job report which is a disappointment, stimulus talks accelerating. mostin general, one of the event driven days in quite a while. romaine: event driven and here we are, 32 days out from the u.s. presidential election. i believe david westin is standing by joining us in

joe: i'm joe weisenthal. romaine: i'm romaine bostick. stocks up on the day, down on the week, but that massive move in treasury yields providing most of the drama this week. notline: the coronavirus is going anywhere anytime soon. the numbers indicate they just keep increasing. u.s. daily cases exceeding 70,000 for the first time since july. in europe, it is dark. france, italy, along with other countries seeing daily records. today we focused on what this means to your money. there might still be time to find a potential haven. wholee are going to get a slew of economic data next week. the covid numbers, how is that going to affect the future recovery? joe: we had a second wave in the summer if you want to call it that in sun belt states. we are seeing this third wave really hitting the midwest hard. the economy has recovered even as covid has picked up. clearly this has a dampening effect on activity. the longer this goes on, the worse it gets, not good. numbers continue to surge in the u.s. europe looking very bad. than inf cases high

joe: i'm joe weisenthal. romain is off tonight. roline: s&p 500 lower on the about terms of concerns the coronavirus sweeping through europe. pound still in the throes of the brexit debate. joe: that is still going on? the question is, what you must? -- what did you miss? caroline: brexit, but we are also 19 days away from the u.s. election. volatility is going to be a term you will hear a lot of. howare already seeing stimulus has been the constant drumbeat for weeks. covid lockdown in europe sent equities to their worst day in more than three weeks. all we hear is analysts adjusting their game plan for a potential democratic sweep. investors are using every data point they can to help them prepare. at least at the moment, it feels as though the jitters surrounding the election have calmed a bit. the polls seem to widen. joe: no doubt about that. for a long time, the election has been seen as this key mother of all volatility events. lots of concern about an election that drags on until january. all of that could happen. we have no

joe: from bloomberg world headquarters in new york, i'm joe weisenthal. romaine: i'm romaine bostick. let's take a look at where the markets ended on the day, because it was another volatile day across u.s. markets. stocks floating, commodities inking, and investors estimating the next round of economic stimulus. joe: what'd you miss? romaine: stimulus talks. that's what you missed. stephen mnuchin did meet today, but there was no deal announced on a new round of relief. weekly jobless claims this morning remained near 12 million, and the monthly payrolls data may still telegraph a great deal of doubt about the economic recovery. investors continue to bid up stocks, the s&p 500 and the nasdaq and the green, despite one of the biggest cliches of the year -- no connection between the stock market and the economy. joe will put the cliche to the test today. joe: not everyone accepts that, even though it is repeated all the time. our guest points out that if you were to break down stocks by quintile of sales growth, you see that the companies with the highest

joe: and i'm joe weisenthal. romaine bostick is off tonight. caroline: we look at what happened to the markets. not much, eroding our gains to the end of trading. globalas moving into stocks, europe had a strong day, the luxury sector, but all cry -- quiet on the brexit front. caroline: the question is what'd you miss? data shows that the u.s. retail sales rose in september at the fastest pace in three months. numbers released next week and china are expected to reveal that the nation is on pace to grow this year, with industrial production on fire. when you look at the big picture, joe, economic reports confirm that china needs the u.s. and the u.s. needs china. their economies are linked hand-in-hand on the industrial and consumption levels. there are many issues between these governments, that we would see. but there is a link between the two economies and it is remarkable. joe: it is pretty striking because so much of the story of the economy, the global economy some overproduction in china, it is the opposite. you see this in our charts th

an issue this morning with massive demand for it, and i think joe weisenthal of bloomberg audit perfectlyis is not about the capacity -- put it perfectly. this is not about the capacity of the bond market, it is about political capacity. tom: the political will but also the political will down the road. we have joe stiglitz coming up and he owns a study of the growth rate, and the growth rate is the key idea. jonathan: looking forward to catching up with the nobel laureate next on this program. joe stiglitz. alongside tom keene and lisa abramowicz, i'm jonathan ferro and i'm running away to fly solo at 9:00 eastern. on my own. it has been great. tom: you have a mute button with yourself at 9:00? jonathan: i will mute you for the rest of the day if you try to ring me at some absurd time tonight for no reason. we'll be right back. with the first word news, i am ritika gupta. nancy pelosi and steven mnuchin are trying to beat the clock. they are narrowing their differences on a coronavirus relief package. nancy pelosi says by the end of today there much be fairly on the bill if it will be pa