Gods of silicon valley. Plus, amazon launches a digital pharmacy that includes discounts and deliveries for prime members. It promises to upend the pharmacy business as we know it and may smell may spell trouble for thousands of small pharmacies across the country. Plus, what are your children watching . A new study finds if it is childrens content on youtube, it is probably littered with ads promoting violence and providing no educational content. New cases ofrge in covid19 and lockdown measures. Pharmacy stocks took a beating after amazon announced it is getting into the pharma business. Markets generally and the day down but it was a big update for amazon. How much influence did that have . Abigail lots of great headlines that you were mentioning. It was a fairly quiet day. It started risk off and ended mildly risk off with the s p 500 index down about half a percent. Betweenaq flipflopping gains and losses. At the end of the day, a very small loss. At the end of the day, amazon up
Theirx joins us to share answer to the new competition. And, the bitcoin rarely continues but for how long . But first, tech shares leading the market higher as more covid Restrictions Mean more staying at home for the foreseeable future. Scientists are making to make advances on the vaccine front but there is still a long winter ahead. Joining us now, Abigail Doolittle taking a look at the Market Movers of the day. Lots of conflicting strands here. How did at up did add up . We had the bearish news yesterday about Public Schools in new york city closing server restrictions on the biggest schools in the u. S. Stocks yesterday sold off. Today . Not so much. They were basically flat on the day. At the end of the day, the nasdaq 100 climbing by three quarters of 1 . We once again have that disconnect between stocks and the reality that would seem to be concerning about the narrative seems to be stocks are looking forward six or nine months on the vaccine starts to get into the system a bi
And throwing a little excitement into the game. Bonds are higher. That supports the bigger decline we had for the s p 500 earlier. At this point again we are seeing for bonds, the decline in yields probably more outsized than the pullback we have for stocks. Perhaps there is some volatility, but not today. One place there was movement was in Prescription Drug sales. Amazon has decided they will come to that business. Higher on then news they are opening an Online Pharmacy where they will sell drugs on a digital basis. Discounts to prime members. On this you have the likes of sourcelgreens, amyris from anything involved in the drugstore supply chain down in a is way as the commerce giant getting into the business. This has been thought it would happen for a while, but now that it is here come easy the big selling pressure in the health care chains. Amazon off the highs but in a hohum day is up. 7 . David thanks to Abigail Doolittle for that report on the markets. The ceos of facebook an
But after the huge moves we have seen related to some of the vaccine news of late, this is a relatively quiet session. If you look at the headlines as well, the mnuchin and powell spat doesnt seem to have caused much aggravation during the market session thus far. Seeing weakness in the turkish lira today, but after that big move we saw yesterday by the work of central bank and the shift higher in the lira, people may be fading that move a little bit on some expectation that maybe erdogan will not stick with his recent decision to maybe go to more mainstream economics. Alix lets get to our top story, governments rushing to issue vaccine approval. The modernas that and Pfizer Biontech vaccines could be approved by december. If all proceeds with no problems, the conditional marketing authorization for biontech and mentor in a could happen as early as the second half of december 2020. Alix joining us now is sam fazeli. I love how she kind of couched it and said if. What are the options in
Role in the Vaccine Technology process. Plus a new wave of restrictions across the country, california now mandating a 10 00 curfew, we will get a sneak peek of with ans studio 1. 0 update on the health of american Small Business. Is recoveringsk from covid19 himself, tesla shares improved. They are the peak of good health, shares advancing 21 this week, the company now worth 470 billion. The stories in a moment but first the market picture, Abigail Doolittle with me now and i know youve got tesla on your radar, but first modest moves in the market overall today, walk us through the trade on the back of this positive vaccine news. Abigail todays trading action was very similar to the other days this week and that is to say choppy. We started off with small moves into the close more modest moves as you were mentioning. That is pretty similar to what has happened all week and it is interesting, the vaccine news seems to be getting factored in less and less, two weeks ago when it first ca