That we are looking at, much like we did yesterday where we were talking a great deal about the possibility of a new record even intraday or all time on the s p. Yesterday it was that bizarre russian vaccine news and i think we can all term it bizarre, but today its moderna signing a deal with the u. S. Government which is signing a lot of deals to make sure that there is manufacturing capacity in place to deliver a lot of doses of a vaccine if and when it does get through phase three trials into i was listening to meg tirrell this morning and i was looking at an email how much is regeneron getting. 500 million in july i would say, david, is there any amount that you wouldnt spend on these companies to get this thing beaten because if were spending 2 trillion to just try to stay in place we have got to flood the market with money. Make it so its worth wise for everybody. I have emerging bio tonight, they would be helping making a lot of these giant doses and i dont think i think that y
Moving news from all around the world from frankfurt, to london, taiwan, our bloomberg two iowa, our bloomberg voices are on the ground. Commodities leading the charge for the quarter. Here for more is bloombergs sonali basak. Income net interest coming in above analyst expectations is a great thing for bank of america because it shows the bank is doing what a bank should do. That is loan growing, deposits growing. Investment banking mergers and acquisition fell short than expectations, but we are seeing that across the board. We want to see confidence among corporate clients now that we know consumers are holding steady. Alix what were some of the worries through the quarter . Sonali the expenses were up, but bank of america was a costcutting story. Something we are hearing from all of the banks is the propensity to keep investing because the cycle is getting competitive at this moment. Alix thank you very much. Now i want to go to the latest on trade. President trump is ready to sign
After another whip solid day where the dow is flying high and then nose dives to close 19, look at this you blinked and you missed it or you blinked and you got crushed by it. Nasdaq got pummelled you need to get used to craziness. And believe me, i have been around forever, it is craziness. If you cant handle it, you have to take your bat and ball and go home people call the environment that we had for the last year the new normal but you know what, there was nothing normal about what we went through no, not today, i am talking about the last year. The kind of action we had until last week where the market goes up for ages without having a major pullback that almost never happens. I want you to think about fantasy island are we ever off fantasy island take off the wristband and rip off the ticket that got you in it is no longer valid. Closing bell, trading right now, guys the whole lexi kcon has to be thrown out we shouldnt be too much emphasis on where it actually closes we got the f
President trump has offered tougher screening of immigrants following the attack in new york. Down a bike lane in manhattan a truck injured almost a dozen. A Police Officer was shot and arrested the suspect according to the New York Times he was found near the truck indicating that the suspect was not related to the islamic state. On capitol hill, a House Republican scheduled the release by a day. There are unresolved questions about the Corporate Tax rate cuts and other proposals. Republicans also sell disagreeable about whether to repeal a tax break for local taxes. Resident of catalonia now has to choose between a possible prison term for a life in exile as the Spanish Court has summoned him to appear with charges. He fled to brussels after spain seized control of the government in response. His declaration of independence. A new study says the decision to leave the eu has cut income by over 800 per household that come from the National Institute of economic and social research. The
Polls. You can see that whats been doing not only here but overnight in asia. Lets look quick overnight in asia up see the nikkei up about 1 . Hang sepg up about a third of a percent. The trading in european equities right now where the polls are open in the uk. You can see the dax, the cac up about 2 . The fooths up about 1. 5. Italy up about 2. 3 and spain, the ibex about 1. 7 . Currency is where this is playing out. The undecideds. If you are undecided. The brexit people are like fantically brexit. The ones that are brexit they have been brexit all along. And if you are not decided yet you are not fantically brexit so you are a stay. Atically brexit so you are a stay. What i worry about is worried the markets price caught all this is now an asymmetric risk at this point. 148 top pound. Take look at the currency boards again. Sterling round it up. 148. 54. Crude oil which the markets have been playing so much attention to. 49. 84. Across the pond now. The top story and polls are now