Gdp to be negative this the First Quarter of 2021. It is friday before a holiday week 59 minutes left in the session down a quarter of a percent on the s p 500. No gobbledy gook coming up for the next two hours here either. Coming up on this show, instead we are going to dive into the latest on the coronavirus and pfizers push to get emergency use authorization for its vaccine with the fda commissioner and pfizer board member dr. Scott gottlieb. Plus, new york city shutting st. Louis down the head of the Teachers Union in new york will be here to weigh in. Lets check on futures mike santoli tracking the margaret as always meg tirrell with the latest on pfizers vaccine and bertha comes has the latest on what President Trump just announced. Mike santoli, lets start with you. Not disturbed so far by the news last night about the treasury pulling the funds from the fed. If you look at the pattern here, it is about a flat week as well. Trading just below the highs we hit on monday. Before t
Positive signs on the economic front as the u. S. Nonmanufacturing index expanded and treasury yields breaking higher today much more on that move in just a bit. 59 minutes left to two in the session, and the dow is up more than 400 points. Thanks, sara. Lets get to the big stories we begin with amon javers. Reporter we dont know about the president s condition at this hour, but we know about his intent at this hour. He is ready to go home he has been at Walter Reed Medical Center since friday evening, and hes ready go he said, i will be leaving the great Walter Reed Medical Center today at 6 30 p. M. Feeling really good. Dont be afraid of covid dont let it dominate your life. We have developed under the trump administration, some really great drugs and knowledge. I feel better than i did 20 years ago. That came in the hour in which we were told we would get a briefing from the president s doctors explaining what his condition is exactly its not clear whether the president is preemptin
The bloomberg. Back to school. Boris johnson appeals to parents to send children back to class even as a resurgence in the virus in europe hits hard. Saysu trade commissioner he is profoundly sorry for attending a golf dinner in the midst of the pandemic. Of as push higher on hopes thaw in u. S. China trade relations area and markets turn their attention to this weeks virtual jackson hole and the fed fighting crisis measures. Trump and powell both on thursday. More than 100,000 people protest against the fellow russian president in rainy minsk the belarusian president in rainy minsk. We are just under an hour away from the start of cash equity trading across europe and in the u. K. Lets take a look at futures this morning. We have some decent green a percentre than half gains across the indexes. One of the reasons is optimism that the u. S. And china are going to get along a little bit better amid reports administration is telling Tech Companies they can keep working with tencent. Take
Tweet earlier in the hour does suggest that you think these retailers are prepping us for numbers that are going to be tough to replicate. Yeah, i think that they have to, carl they all know that america was flush from the 1,200 check and they also know there is a lot of stay at home people trying to make their homes into an office and a home, and that thats largely passed now, that doesnt mean that you shouldnt buy these stocks because that money went to these essential retailers and now theyre stronger than ever, but i know that if you are if you are at walmart it does not pay to say this is going to continue same thing with home depot i say you wait, let them come down and recognize that these are just so good that you want to be in them. Particularly, say, if a lowes comes down, thats kind of attractive, they report tomorrow look, these are remarkable companies, but they are also given as remarkable companies are to humility and to a respect to the individual investor they dont wan
They have been choppy for the dow over the last few minutes. Theres your picture now nasdaq outperforming yet again up for the fifth time in six days all of it factoring into the debate liz young, bny melon director. We want to begin with stock. We have been all around a little bit. We are green aacross the board the dow is towing the line what is this action telling us about where you think we are and where we might be going on day with we got another tom lee who said not only is the bottom in, were in a bull Market Recovery reflect whing what he told us on this program the other day i like tom, i respect his research i dont disagree the bottom is in it doesnt mean were not going to see it again. I think the rally is pretty fragile. There hasnt been a good reason to rally up to this level. I dont think its unreasonable to see well see another 10 to 15 pull back before we get a decisive and durable move upward the list of things that could surprise the market is much longer than the li