U. S. History, high nearing, manufacturing therapies and vaccines and record time. Numbers like nobody has seen before. The medical breakthrough of this scope and magnitude has never been achieved before. This rapidly, this quickly. We are very proud of it. Ive had tremendous help from the military. Generals and admirals and many other great people at the white house. Operation warp speed is unequaled and unrivaled anywhere in the world. Leaders of other countries have called me to congratulate us on what we have been able to do. We have helped many countries with their ventilators and all of the problems that they were having. I would like to congratulate everyone involved in this effort. It has been an incredible effort. As a result of operation warp speed, pfizer announced on monday that its china virus vaccine is more than 90 effective. And all exceeds any expeditions. Nobody thought that they would get to that level. We have others coming, and that we think will be coming at equal
Tom yesterday was extraordinary. We are still regrouping in new york from the news flow yesterday of transactions and of course of the president of the United States. The number one breaking story here in the zeitgeist of the east coast is that the president appears to be healthy, and the real decision for him today is, does he do a rally tomorrow in one of these key battleground states . That seems to be the topic is topiceck the topic the du jour. Francine lets get to first word news in new york city with ritika gupta. Ritika the white house is once again shifting its position on a stimulus package. Treasury secretary Steven Mnuchin told House Speaker nancy pelosi the administration now once an agreement on a largescale relief bill. Earlier this week, they president pulled negotiators from talks on comprehensive legislation. Officials are keeping up the pressure on washington to renew fiscal support for the economy. Dallas fed president Robert Kaplan sees a Slower Economy without mor
Forward today. I think lisa is going to talk about it. The last moment i saw as we wait for washington to awake this morning with the president nudging away from the republican reticence more towards the place of Speaker Pelosi. I have no idea what that means. After what we went through yesterday, we are littered literally we are literally monitoring when does the president wake up and advance his campaign through any actions throughout the day. Jonathan we understand there will be an interview at 8 00 p. M. Eastern on fox news. 1 3negotiations for me, the of the negotiations that really matters and has hardly moved, Senate Republicans and leader mcconnell. Where are they in this . Weve heard from mnuchin, from the president , from Speaker Pelosi. Mcconnell is on the sidelines. Hes the guy that finalizes that deal. Tom this is really important, and it goes to what axios said about the republicans really fighting for their lives, having to do with attorney general barr and all of that.
A simulcast on an important friday. So many days to the election, 25. Thrilled you are with us on radio, on television across this nation and around the world. I want to look at the markets as we frame up Michael Shaoul to join us in moments. Up 15 in a bid to the market. 3 below record highs. With that, some nice confirmations of good global news. Look at renminbi. Jonathan up on the week by about 3 on the s p 500. On ther chinese currency return from the holiday. The narrative has shifted aggressively, and in a short amount of time, from fears about a contested election to the potential of a blue wave. What we discussed in the previous hour is something we need to discuss in the next hour. How vulnerable is that newmarket market narrative shifting things around . Jonathan the Political Landscape here is most interesting. The president so far quiet on twitter. Hugely active yesterday across media. I guess an 8 00 p. M. Appearance tonight. You wonder what the president would be doing b
Jon ferro has been calling it. Guy we are monitoring the stimulus story beat by beat. Nancy pelosi will be talking around 14 minutes. We are going to get a sense at that point whether or not we are making progress. That could certainly be market moving. We will bring you those headlines as soon as we get them. Lisa the white house has been pushing for a largescale deal again, off again, on again. Wants alosi says she more comprehensive fiscal bailout as a result of the pandemic. Emily wilkins joins us now with the latest. Emily if anyone is confused about where things are with the stimulus deal, you are not alone area Senate Majority leader Mitch Mcconnell said yesterday he was feeling some with lash some whiplash with all of the backandforth we have seen this week. House Speaker Nancy Pelosi is Still Holding out after months for a larger stimulus package. She and the white house negotiator, treasury secretary Steve Mnuchin, spoke by phone yesterday. It seems like there still could be