Now theres also a increase in new cases surging in the midwest right now michigan wisconsin brasco there are 3 states where cases are rising very quickly meanwhile new cases in michigan have more than doubled in the last week while nebraska and wisconsin both have one of the highest rates of test positivity in the nation brant now outside of the u. S. Right now at least 7 countries 5 of them in europe have reported record highs and average daily new cases now as of tuesday 4 pm theres been at least 8700000 confirmed cases in europe with almost 260000 deaths now russia france spain italy and u. K. Theyve all registered a Record Number of infections just in the. Last few days now the death toll from colvin 1000 in the u. K. Has just hit over 61000 people that have died since the start of the pandemic its also the 6th consecutive week where the number of deaths have risen and while much of the region is still under a new round of restrictions now meanwhile in russia where the 4th largest
2 , the nasdaq down about 1 3 4 that very much in focus because of those earnings that are looming. Joe teranova, you first. Youve got dr. Gottlieb saying the u. S. At a tipping point, youve got mark meadows at the white house saying were not going to control the pandemic. Is this mountain getting too steep to climb for the market . Well, without stimulus the answer to that unequivocally is yes. Rising virus cases need more stimulus there has been overs last couple of weeks a modest broadening out of the rally within the market, but its really been all about industries, scott, industrials, trading to an alltime high as a sector but why is that . Its on the belief there would be stimulus, consumer discretionary, examazon trading towards its highest levels why is that . Because theres monetary support in the form of stimulus. It just highlights how important stimulus is. You need this mosaic of coordination to respond to the virus and any incident of rising virus cases learned itself to
The students on the pests dont stand a chance. Of training successful. Such that it. Starts october 15th g. W. The o. E. C. D. Unveils a proposal for a Global Digital talks on some of the biggest names in tech groups says it could bring in a 100000000000. 00 a year but countries a dont seem to be able to agree on how it would work. Also coming up is chinas economy back on track the latest trade figures show a significant rise in imports and exports in the month of september. First curfew in 70 years the german capital takes steps to topple a sharp rise in corona virus infections. This is the doubling of business im Craig Ferguson thanks for joining me. The organization for Economic Cooperation and development has unveiled a proposal to impose a Global Digital tax on Big Companies like apple is on the group says such attacks could bring in 100000000000. 00 a year worldwide the idea of course comes as countries around the world struggle with the Economic Impact of the punt on the uk but
Prolonged periods of time about postponing some of those gatherings that we may want to have an exact advice is that we all have to make. And pharmaceutical giant pfizer says its late stage job in 1000 vaccine trial is nearly fully enrolled the companys phase 3 trial is just 2000 volunteers shy of the 44000 needed the company said during an Earnings Call Tuesday Morning pfizer and biotechs drug is viewed as one of the worlds most promising vaccine candidates while the company had said it hoped to have data on the efficacy of the vaccine by the end of this month during the call pfizer c. E. O. Albert borlase said this of the situation in case of a conclusive read out we will inform the public as soon as we complete the necessary administrative work which we estimate to be completed within one week from the time we know so with all of this in mind lets go ahead and take another look at the trends in the spread of the virus globally with r t correspondent size tablature so where are we to
Markets sort of whipsawed by the tweets last night from the president trying to figure out exactly where we are how are investors supposed to take this today . Well, you know, i truly do believe, scott, even after the president s tweet yesterday that sent the markets down almost 500 points in a very short period of time, the last hour and 15 minutes of the day, i still belief theres the possibility we have out there, and i brought this up last time i was on with you guys, the idea i thought we would get one done by the weekend or through the weekend obviously with some of the tweets and so forth, but then the president immediately seemed to have flipped back around and be a part of this whole thing. I do think we will see a stimulus at some point in the not too distant future because of that, i think it gives you a great opportunity on that dip yesterday, and obviously youre seeing a pretty nice rise today. We know what the temperature is of the markets and what people want to hear and