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
Citis analyst call is getting underway. Jp morgan had their analyst call. Those stocks are now lower. Sonali basak has been on the call and joins us now. Why the rollover here . What has been the take away so far . Sonali we saw lower Loan Loss Provisions than initially expected, but at the same time, theres a lot of uncertainty ahead. Reserves releasing slowly because we dont know what the economy is going to look alike the future. Jamie dimon told media this morning that there could be considerable suffering if we do see a dip in the economy, and we are on a day where we are seeing coronavirus cases up a bit. Asking a and analysts lot of questions this morning about Net Interest Income and kind of securities that could pose to executives pushing back, saying they are not about to change their Business Models on what they view as temporary headwinds. Getting some breaking news, so hold that thought. The wto is coming up with its news relating to the airbus boeing case, awarding 4 bill
Contributor. What do we look out for . Spin is the only substantive issue to discuss with respect to this debate, but theres a Closing Argument to be made here by both President Trump and joe biden. Joes Closing Arguments have been about coronavirus. We see spiking in the midwest, and globally a worsening of the situation. Donald trump has chosen to tackle issues such as hunter biden and corruption within the biden family, which is a repeat of his Closing Arguments against Hillary Clinton in 2016. We will see if they have the same impact. Americans have already voted. Why will tonight move the dial . Rick well, it moved the dial in the first debate a bit. No question, the polling taken after the first president ial debate had biden consolidating his lead in almost all of the battleground states and nationally. Some of that has been given back to the field. Donald trump has improved since then. His numbers in states like pennsylvania and a little bit nationally. We know that people are
Reaffirmation on the American Labor economy in this hour, claims, and all of the various numbers that come out with it. Forget about the markets. Forget about the chancellor of the exchequer actually dealing with the United Kingdom labor market. It is a question of millions out of jobs. Jonathan permanent job losses as well, and permanent shifts in the economy. Thats got to be my big take away, government confronting the idea that perhaps we are seeing permanent shifts in the economy, and they need to allow that creative destruction, the powerful transformation of capitalism to take hold and maybe step back a little bit more. Ive got to say, some people will push back aggressively against that and say this is a pandemic, it will pass, and perhaps we will get some return to normality. That will be a debate for the several weeks, months, and hopefully not the next several years. Tom david kostintom will join us from Goldman Sachs with an important discussion on the equity markets. Future
And tech is staging a comeback, or at least it was, after yesterdays big losses well off the highs. Another brutal day of nikola the first sell rating on wall street and colorados governor warning of a potential wave of Coronavirus Infections the governor will join us with the new measures he is taking to try to stop the spread first up, lets focus on the big stories were watching one hour left of trade we have the latest on the stimulus stalemate in washington a half hearted bounce this morning. It seems like the dip buyers they keep drawing new lines in the sand as they back up and this morning the s p 500 futures got down to 3200 almost right to the tick we did bounce off there and then we have the post 2 00 p. M. Eastern time selling again a little Risk Reduction where people are not quite sure if if the footing is there for a strong close this down trend developed here were going back gagain to the june 8th high. Were turning around i point to the late july area. A lot of the leve