About pfizers covid19 vaccine but a spike in cases raise news concern, is it time to invest for a postpandemic economy. Target, walmart and macys will release earnings next week, what can investors clean ahead of the Holiday Shopping season, customers are using credit cards and contactless pay in stores and online, great for visa, will covid lead to the end of cash on the barrons roundtable, then, karl and jack, ben, interestingly, we rallied hard on the Pfizer Vaccine news and the market pulled back and on friday it was a real good day, but one interesting thing, this is the First Time Since 2000, the. Com bust that we saw the dow up 4 even while the nasdaq was down on the week, can you explain that. This was a massive shift in the value stocks this week, we mean the market cheapest and throwing in the reopening plays into there. Investors have been buying Growth Stocks like crazy, the ones that theyve seen the sales growth despite the virus or maybe even because of it. They pulled fo
Record close since february 12th. Right now, its above that at the moment. So we look to the s p 500. That should set its first record since september 2nd. Its 23rd record of the year. We have that moving higher right now pretty significantly. The nasdaq just a bit off the mark at the moment. From the Pfizer Vaccine developed in conjunction with German Company biontech and the stock basking in the halo effect from the blockbuster announcement to the mask makers and Rapid Testing stocks on the move. Weve got team fox business at the ready. Market mavens bill snead, jon core pe corpino and Tracy Maitland and Hillary Vaughn live in delaware, with the president elects plans Just Announced and how it might affect your money. The two matadors in charge of todays record bull rally, pfizer and its german partner biontech. Both stocks hitting 52weeks highs on the news that their covid19 vaccine candidate is more than as we said, 90 effective. Pfizer jumping 8. 33 at the moment. Biontech up 15 .
Good morning welcome to squawk box. Im becky quick along with yoe kernen and mike santoli. Andrew is off today. Well start things off with the stock futures after some positive vaccine news drove the dow and s p 500 to record highs. Dow giving back some of that ground, down by about 100 point, but remember how far they have marched for the last three weeks. S p is indicated down by about 14 points and then the nasdaq is indicated up by about 12 points. We do have some breaking news from amazon and better that coocoo Bertha Coombs ohas that story they are launching a full Online Pharmacy building on its acquisition of pill pack the new pharmacy is innetwork with major insurers and medicare and patients can pay for their prescription copays with funds from their Health Savings accounts just like they were at any pharmacy and they can confer with pharmacists online or over the phone about their prescriptions. Prime members get free two day shipping, patients who needs meds right away with
How retailers are shifting Sales Strategies online this Holiday Season then, questions over astrazenecas vaccine trial, what the ceo is saying this morning. And finally what a salesforce acquisition of slack means at this hour. Right back at you in terms of this market action, we have seen it a lot, mike in terms of the dows performance this month there has been some rotation lets start there. Somebody this morning saying aerospace is up 40 . Which frankly i did not necessarily know it has been that strong in that short amount of time does it continue in this rotation or do we have to watch this in last day, day and a half of trading there has been a stutter step in that rotation. We had a couple of these since march. One of them peaked in june now it has been very, very aggressive aerospace is part of the industrials group. Industrials fully kind of got back to precovid levels and the valuations of industrial stocks are well above where they were based on expected earnings eight month
Hi welcome to arts 21 we are in cannes where a mini version of the citys famous Film Festival is giving hope to a struggling movie industry because the corona pandemic has hit the film business hard now if this were spring and it were a normal year the streets in cannes will be packed with filmmakers journalists and film fans but this is the fall and the process is nearly empty as empty as most theaters these days as empty as most film sets where even the movies that are being made have to be done under very strict and costly new 1000. 00 safety protocols in fact the only place that film fans seem to be congregating these days is on streaming platforms at least at cannes many festival there are some new movies to be seen thats not the case in most cinemas these days the Hollywood Studios have held back their big blog. Busters no one can say even if say the new batman or the new james will get steve. If there are no new movies. Remain the cannes Film Festival usually takes place but it