juliette saly was meant to be on the first flight to hong kong.day, you were telling us about the paperwork that went into this, but now, this just shows how tenuous these travel arrangements can be. supposed to be a first flight and it got pushed to the sideline. juliette: and love to everyone watching this and hoping it would be a template for other air travel bubbles. we started to see a spike in coronavirus cases in hong kong last week. saturday morning, i got a text from singapore airlines saying it is going ahead, but then another spike of cases in hong kong saturday and by 5:00 local time, they had called off the air travel bubble. anyone who decided they would still travel from singapore to hong kong or vice versa would be facing quarantine. initially, it was going to be an extra test henri arrival -- on re-arrival due to the surge. it bodes the question of how we are going to get travel up and running into cities that seemingly had a strong handle on the coronavirus crisis, can't seem to get this off at the moment and we have seen a huge

annmarie: juliette saly in singapore, thank you very much. coming up on the program, bill gates tells bloomberg that america's failure to handle the pandemic has been "mind blowing." he spoke to john micklethwait. that interview, next. this is bloomberg. ♪ infections wave of is slowing down the recovery. it is losing momentum. and in that context, our first message to leaders is to not withdraw support for the economy prematurely. stay the course. now is imf managing director kristalina georgieva. both the imf and g20 have warned that the recovery from this recession may be derailed. also speaking with us, billionaire philanthropist bill gates. he says the only thing the u.s. has done well in the pandemic is funding the research and development of new medicines. microsoft cofounder and cochair of the bill and melinda gates foundation because the country's failure to control the virus "mind blowing." bill: if they funded more r&d, not just for u.s.-based companies, but for companies around the world including a lot of these european constructs

juliette saly from singapore, thank you. nearly 6:30 in the city of london.ill do not have a decision out of the u.s. for former vice president joe biden versus 214 for president trump. he states, arizona -- key states, arizona with 11 electoral votes. ap has called it. maricopa county continues to count ballots. if joe biden can maintain arizona come he has a clear lead to the 270. biden is up a little more than 11,000 votes. the thing about nevada, you have to be patient with nevada. patience is a virtue with this stage. we will not get tallies until later today and potentially november 12. let us look at georgia. georgia is becoming a dead heat race. 49.4%. see there, it may come down to military ballots. less than 9000 military ballots from abroad could decide the state in play in georgia. continuing coverage. we will be waiting to see where the electoral votes stack up. stay with us. this is bloomberg. ♪ ♪ annmarie: welcome to bloomberg's election coverage. i'm annmarie hordern. >> it has really destroyed our system. and it corrupt system makes people co

juliette saly is back in the studio. what's long, what's short? juliette: hey, manus.e seeing those so-called covid losers absolutely on a tear today. we saw pfizer india shares rise. it has been these tourism players, airlines, hotel operators in asia soaring. index rising asia the most since october 2008. as you say, that working from home trade -- nintendo shares following the most since march. still a long -- falling the most since march. let's get your morning call with societe generale's head of asian equity strategy. he says the news about pfizer and the covid-19 vaccine reinforces the positive matchup for equities and rotation into cyclicals and some of the laggards. in the near term, there is likely to be less performs dispersion amongst the more and south asia and east asian markets. >> juliette saly in singapore, thank you for that market roundup and morning call. esty dwek from natixis investment managers still with us. we have asia flying higher off the vaccine news yesterday. softer,300 is notably down 0.8%. when you look at the globe, does the west's vac

juliette saly has been tracking that.ems to think that this will get off the leash for as long as the pboc allows. good morning. market isa lot of the thinking that. certainly, this strength you are seeing in the offshore yuan continuing. it had its best week since january 2017. a for an eighth session in a row today, the long swimming streak since march. we had a stronger-than-expected fix from the pboc for the first time since october 23. the strength in the currency being seen as continuing china's economic rebound and thanks to attractive bond yields in china drying overseas funds and investors, but as you say, it remains to be seen how long the pboc wants this to continue. when it comes to the overall equity rally, that is flowing through into heirs. we are looking at global stocks nearing all-time highs but mark this biden whilst bomb could be good for global equities, he does not yet as positive for the american market due to the fact that he says these expected tax increases under a biden presidency are going to h

i am joined by juliette saly in singapore as well. juliet: good morning. our top stories this hour as we check in on market action. we are seeing asian benchmarks come off of those highs. 13 sessions of gains on the asian benchmark index, the longest streak since 1988. today we are seeing a pullback similar to what we saw in the u.s. as the coronavirus's bread overshadowed the vaccine. we are closely watching what is happening in other asset prices. the bloomberg dollar index had been falling to april 2018 lows, but in -- a rebound coming on the index. we have been watching bitcoin, back below 18,000 after it hit levels we have not seen since 2017. the dollar-yen study. and gold steady as well. rishaad: let's get to the first word news. pfizer announcing clinical trial data shows its coronavirus vaccine had a 95% efficacy, paving the way for the company to apply for the first u.s. approval for a coronavirus shot. they say vaccine-protected people of all ages, ethnicities did not show significant safety problems in a trial. it included 44,000 participants.

some key morning calls, juliette saly joins us from singapore. at what investors are talking about and thinking about before this important event. volatility is projected to be high. what are investors looking at? it is easy to talk about a blue wave, and we may not get that outcome at all. what is it analysts are looking at? juliette: let's start with a potential upset. we had a morning call from citi, the chief strategist saying they are hearing more from their clients that there could be a trump upset victory. that could lead to court challenges, and a delayed outcome, which could spook markets. they have a 65% probability of a biden win, but you cannot count out trump vote or, shy voters who tell their family and friends they will vote for trump. stocks could be under pressure because so many are position for joe biden's policies. jp morgan says if there is a trump election, it could push .he s&p 500 by year-end the chief strategist saying a trump victory would be most favorable for markets, because a blue sweep could see infrastructure spend

to help us chart a course is juliette saly in singapore. what are you hearing on the dollar? stay tuned. it is a whirlwind. before we see that, securities is saying you should see dollar strength. easyjet was helpful for more mobility, but most people are still grounded. a pickup in virus cases particularly in europe and the u.s., you could see a comeback in the dollar which is down 1.5% over last month. they say it could pick up 2% over the next month. recommend being long the u.s. dollar versus the canadian dollar, and the euro faces downside risks. the dollar index is down 11.5% since its peak in march. citi says you could see further weakness coming through in 2020. the vaccine distribution and hopes of vaccines spread out globally will check off the bear market signposts, allowing the dollar to follow that path to what it experienced in the early to mid to thousands. -- early to mid 2000;'s. they say to go long on the norwegian krone are, it could benefit. and in addition to the impact from the vaccine breakthrough, meaning the dollar will likely have a substantial decli

v.ieving in the juliette saly has the details of who they are and why.ette: keep the faith and trust the recovery, this according a morgan stanley. a team of analysts putting out there 2020 forecast. they say it will be this a v-shaped recovery as we start to get more optimism about vaccines and fiscal stimulus from the u.s., boosting what you are seeing in terms of stocks and credit. they are recommending investors stay overweight. they do say volatility will declined -- decline an investor should be patient. forecast there. the s&p 500 to reach 39 points by the end of next year. the 10 year yield on the at 1.45%.ote and i think the dollar will reach 5%. they have reached $18 25 an ounce -- 1800 $25,000 an ounce. you are seeing global stocks with the losses of the pandemic. they are headed towards overboard territory. the globalley saying recovery a sustainable, synchronous and supported by quality following their tradition, so remaining on the call. thank you very much. i will pick it up from here. would you believe it, annmarie is having a day off? it

juliette saly joins me from singapore. joins us, i should say. i am getting used to her being back.d morning. what are your morning calls? >> we have just heard from cit'' s top u.s. equity strategist saying they are seeing more clients fallout. there could be an upset trump victory. this is based on the fact you cannot rule out the shy trump supporters and this could also lead to challenges in the court which would be an upset for markets. they still have a 65% probability you will see a biden win. comeu do see supporters out of the woodwork that could lead to social unrest and an upset to markets. jp morgan saying if you see a trump reelection you could see the s&p 500 get to 3900 points by years end. the bank's equity strategy seeing a trump victory is the most favorable outcome for the markets. be accompanied by fiscal stimulus but rising taxes. southeast saying a biden victory would be good for european stocks due to lower trade uncertainty. stimulus has we are expecting. let's look at what everybody is bracing for, that is a contested election. bank of america saying u.s. stoc

juliette saly, what is going on?p morgan strategist saying essentially the news we hear this week from pfizer and beyond in their vaccine is a game changer and they are more positive in global equities versus bonds. are saying even though there is concern about rising coronavirus cases, the fact that there is a vaccine news breakthrough is positive in terms of the broader reopening of the economy. they boosted their equity overweight to 10%. reducing their overweight positions in corporate bonds. that news propelled markets higher earlier in the week. we have seen the msci world index up about 9% in november. bloombergrsus the barclays global aggregate treasure. jp morgan saying global market stocks should enjoy outperforming. they prefer non-us shares over american counterparts. >> everyone i talked to is quite bullish on the u.s.. the question is whether or not this rotation is here to stay. happy friday. a happier place, disney shares gained after streaming subscribers jumped. this is bloomberg. ♪ are you frustrat

juliette saly has the morning call. what are you looking at? te: quite a few interesting calls coming through after we saw opposition from the uae and cause it stand. kazakhstan. the relationship between the u.s. and china could weigh on demand. we have had for weeks of gains on the oil market. will that uncertainty from what we will see from opec-plus break the winning streak with crude on its best weekly gain since may? rebalancings sees a led by the vaccine we are all hoping for. they say that even though they expect opec-plus to rebound, they will see $65 a barrel next year. in europe, you could see short-term demand increased due to the -- decreased due to the lockdowns. millionbe a 3 barrel a day drop. they have also reiterated that you should take profit on june 2021 brent versus june 2022, reiterating the recommendation to belong on december 2021 brent forecast. all of this coming as we hope there will be this vaccine and some normalization in the oil market. but certainly today, you are seeing a replacement coming through on the trade p

here is juliette saly in singapore. know, there's concerns about how the vaccine comes to market. it is stored and tissue beaded globally. goleman sacked saying the pfizer vaccine efficacy should see life returned to some kind of normalcy by 2021. their target for the s&p 500 index. 3300 points by the end of next year. that's a 21% upside. they will call for further gains for 2022. they see the index rising to 4600 points by the end of 2022. goleman sacked saying they are overweight i.t., health care, materials. bernstein saying not all value stocks may see sustained gains. that chart showing what we have been seeing with the value growth story. the main diversions has been between value and momentum rather than just value and growth. even though you have seen this abrupt macro positive shot, vaccine news could lift value stocks for some time. there's a need to separate the short-term tactical news -- moves from the medium-term prognosis. they are overweight sustainable growth. companies with real yields likely to remain low. manus: thank you very much. malone,t back to martin our

i'm juliette saly. rishaad: i'm rishaad salamat. ing their rally after a new study delivers the most promising vaccine results left. the nikkei 225 climbing above 25,000 for the first time in three decades. juliette: inflation slowing more than expected in china. a 19 month rising streak. producer prices also decline at the factory gauge. rishaad: and selling china by the pound. is costco going to expand into the mainland? we speak exclusively to its head of operations in this part of the world. juliette: we are holding at january 2018 highs on the ms ci asia-pacific index following that rally on the vaccine news. you have seen a little tick lower in u.s. futures, probably not surprising. we are seeing money go back into a lot of these players that had been heavily hit during the pandemic. that is lifting the market here in singapore, having its best day since june. singapore airlines jumping the most since 1987. seeing a little weakness in the dollar after the yen at its worst day since march. and we've been watching closely what ha

i am juliette saly. rishaad: i am rishaad salamat.den the apparent winner of the election. and they triggered off the transition problem -- process. he is likely to nominate janet yellen to the treasury. juliette: the trump administration raising the saying 89anding -- chinese companies it will bar, due to links with the military. may either first global airline to demand proof of vaccinations before one fly. we will get the latest from sydney. juliette: a quick check on the markets. most markets are tracking higher on optimism the biden administration will start. we are extending records with a number of markets holding at multiple highs, including the kospi. crude is holding at its highest level since august on vaccine progress we had from astrazeneca, the latest company to hold a successful trial. this optimism meaning safe havens are getting dumped. we have gold down 0.9%. the banks,t's get to 0.75% higher.g a mixed bag for the nifty in india. 45 minutes from the start of the session. very much in focus. we see this recent strengt

i'm juliette saly. rishaad: i am rishaad salamat in hong kong.tures on the final day of what has been a tumultuous and record month. retreating amid signs of output differences among opec and its allies. juliet: a bloomberg school -- scoop, jack ma may struggle to ul next month amid regulations. rishaad: india entering a recession due to the lingering effects of covid-19 and the nationwide lockdown. gdp, contracting 7.5% in the september quarter. juliette: a quick check on the markets on the final trading day of the month, which has been an exceptional one for global equities as we are seeing global stocks on track for their best in a record month. the regional index has been holding record highs but when you are seeing momentum is in china's market. the pboc, adding $30 billion to the financial system today, seeking to ease liquidity tightness in the final month. , a great story on the bloomberg about how tech stocks in singapore are getting more momentum and we are watching closely oil ahead of the opec-plus key meeting, below $45 afalling barr

i am juliette saly. i am rishaad salamat it. ers rise as thanksgiving travelers defy warnings to stay home. juliette: new data on the phase one trade deal showed china is likely to miss targets this year. imports of u.s. goods slowed last month after september's high, leaving the four year goal out of reach. rishaad: and markets await the latest growth numbers out of india. concern about the historic recession is gradually being replaced by optimism. a recovery is underway. juliette: a quick check in on the markets as we see global stocks on track for a fourth weekly gain. we had a good run coming through on the msci asia-pacific index for november, up 12%, but cautious flat trade today. u.s. futures ticking lower. as thecrude oil drop tensions increase with opec-plus members. we have been watching bitcoin studying after the near 10% decline. there had been that big run-up we were talking about and a huge sale coming down. the cryptocurrency is down by as much as 14%, dragging down other crip thoughs -- other cryptos as well. ris

i'm juliette saly. rishaad: i'm rishaad salamat it. this is a look at our top stories. irst rollout could happen by mid december. juliette: the g20 discusses the virus and potential remedies. china pledges to make shots available to all. president trump will not say whether the u.s. will join a global effort. figures quarter growth this week. tolooks like gdp is set rebound sharply on looser lockdown measures and pent-up consumer demand. juliette: a quick check of the markets. it is positive to kickstart the new trading week. there have been concerns about the travel bubble. the hang seng index up slightly and gains elsewhere in the region. japan is out of action today for a public holiday. singapore's market having a solid start to the trading week despite the delay to the traveled bubble. tech demand remaining resilient even though we have seen an uptick of coronavirus cases in south korea. there has been some easing of restrictions in australian states. it seems like the outbreak is under control once again down under. 0.5%. 200 rising by rishaad: the nifty, this is t

i'm juliette saly. rishaad: i'm rishaad salamat.eem to like tube -- the prospect of a biden presidency. highx japan on an all-time . mse are china, the highest since its inception in 1995. >> the yuan running hot seeing its longest streak of gains since march. the pboc indicates it's time to pull off with policymakers debating when and how to end the stimulus program. rishaad: and we check the ,nvestment climate in myanmar with the party expected to win another term. . we assessed the application of business. juliette: we look at global stocks, looking like they could hit all-time highs, last reached in september on optimism of what a joe biden presidency could look like. the dollar continues to fall, the ms ea asia-pacific -- mse i asia-pacific index. extra pen holding at records. we are seeing gains. losses through erasing trade war began. we are seeing a lot of optimism in the commodity currencies. the new zealand dollar, the kiwi and the aussie leading gains. breaking news as well from singapore airlines. they expect to operate