Facebook, netflix all turning positive we are up 3 4 sorry, 2 3 on s p. Another higher day, certainly off session highs. Coming up on todays show. Great lineup uper facing fresh lawsuit from massachusetts over how it which was its drivers. Early investor bradley tusk has an idea that can help them avoid headaches and take on rival lyft hes going to join us to explain. Speaking of the pandemic, new Jersey Governor Phil Murphy will join us to discuss his states path forward, whether hes prepared for what the fall will bring in the northeast. Lets focus on two key stories meg tirrell with modernas vaccine news and Big Bank Earnings certainly better with Goldman Sachs. Meg, start us off with moderna. Hey, sara the full phase one trial results from the Covid Vaccine published last night in the new england journal of medicine. This was 45 in the trial we got a glimpse of 8 out of 45 on important key data. These were healthy adults who received two vaccines a month apart. Everyone generated a
The nasdaq was the laggard. Nasdaq down 0. 7 . The philly stocks index ended up the session, really dragging things lower with the semiconductors. Romaine cloud flare, five below, peloton. About 5 on the day. Lets dive deeper into the action with our markets reporters. Renita i am taking a look at axum therapeutics. It rose to a record high at some point today. Acutempanys drug for migraine treatment met its endpoint. Significantlyd improved migraine pain and most bothersome symptoms versus a placebo effect. The new drugfile approval with the fda and the second half of 2020. Hd wainwright raised the price target as a result while maintaining the buy rating. A couple of other analysts out there. Cantor fitzgerald raised price targets. William blair reiterated outperform ratings. Be over christmas may but i still have got santa on my mind. This chart suggests the quote unquote santa claus rally may not happen. And read, we have the dollar. Risk risk on, the s p 500. Stocks are going high
Gets a boost from u. S. Taxes and new drugs in the pipeline. The ceo says china is a major focus. China is getting much, much more important for us. In diagnostics its already the second most important market for us its still smaller on the farm suite cal side, theres no doubt the market is strongly growing. We scream for ice scream unilever sales beat expectations as the ice cream business returns to growth but the ceo says a mix of flavors from m a is needed to keep expansion from softening. We have a good cadence of developing our own brands. At the same time we compliment our portfolio. We are moving these businesses premium on a combination of organic, new brand launches, as well as m a activity just seeing some eurozone pmi manufacturing numbers coming out. They matched the forecast of 59. 6, down from 60. 6 for december the january manufacturing pmi numbers for the eurozone on the back of positive numbers out of other European Countries the dollar up slightly this morning to 1.
Analysts weve got the number within analyst in biotech here to give us his favorite two names in that space. Yeah, the big cap and the small cap. In that order. You really have to know biotech. You really have to know. Im looking forward to speaking with him. Plus the man that won the paper called half man, half god, for his marketmoving calls. The number one equitylinked strategy will join us coming up. Think thats on his Business Card now we start, though, with the clock the stock powering the dow higher today, that would be walmart, shares surging 5 after some key announcements during its analyst day in bentonville, arkansas Courtney Reagan has some of the details from cnbc headquarters courtney reporter hi there, bill. Investors are pretty happy as you can see with walmarts forecast, two year 20 billion share buyback. Walmart shares up more than 5 hitting highs not seen in more than 2 1 2 years so walmart reaffirming its current year forecast which brackets analyst expectations. Al
Snap has beaten up the social media stock. Scott devitt is injoing us by phone. Welcome back. Thank you for having me. This is a heavy call. People expected the stock to move lower why today with this move the lockup expiration i think is more and more internet cops have become public over the past five, six, seven years. Investors have become more educated on timing and pricing in the incremental supply and snap has been responding to the upcoming lockup expiration for some time now. But its important to note that its not just about the lockup operation. There has to be a fundamental story behind the stock and were more favorable right now. People are growing more conscious at a time when you seem to be growing more optimistic based on what metric we track things at downloads and engagement which is disclosed by the company and our view is that the narrative thats been created by instagram, Facebook Messenger continuing to add core features and functionality that the market is zero su