Sees a 25 rally ahead should you bite into this name we begin with the news that moved the markets, stat news pulling the coronavirus vaccine. The reports saying according to the vaccine experts, theres really no way to know how impressive or not the vaccine may be while moderna blitzed the media, it revealed very Little Information and most of what it did disclose were words, not data that report sent stocks tumbling look at the Market Reaction when the story hit just around 3 00 p. M. Eastern time and it closed at the lows of the session and modern a of course, finishing the day sharply lower. Guy adami, the hope rally was fueled by moderna. Hi, mel here we have the decline in the markets because of moderna yeah. And its disappointing, number one. And im not a Clinical Research scientist more do i pretend to be, but we talked about this last night we said, you know what this it seems a little sparse in terms of information and we thought people were getting their hopes up and yesterd
Saying. We are getting headlines out of the iea. It depends on what is happening in the middle east given what has happened in iran and the last 15 days. The International Energy agency saying the oil supply is a vulnerable as middle east tensions flare up. Ieas always good to see the thinking. You can see the brent. Stocks are gaining 0. 4 . We are we have to see and i will show you later that we have a tight range when it comes to treasuries and dollar pound. Significant one because there is more bets that the bank of england will cut rates in january i believe january 30. Coming up, we hear from the chief executive of allianz. Something you do not want to miss. That is coming up a little bit later. Lets get to first word news. Viviana we begin here in the u. S. , the house of representatives sending two articles of impeachment. It is the first step to begin Donald Trumps trial almost certain to end in acquittal. Chief Justice John Roberts of the u. S. Supreme court will preside over
It really is a mixed picture here the dow is up 49 points, so well off the highs of the session the s p is down fractionally right now, but keep in mind, we are still in striking distance of a potential record close. So the next hour is going to be one to watch closely joining us for that hour is Michelle Mckinnon from Payne Capital management here at post 9. Welcome. Thank you what do you think of this market here . Were poised for gains for the week for all the major averages, but the russell 2000 and the transportation average are both up 5 , week to date. And so are the banks, like you mentioned. What im really looking at is the bond market. We started the tenyear treasury at 1. 55 for the week and now were up to 1. 88 and the longterm treasury are down 5 for the week thats basically two years worth of coupon that you lost. Wow do you think thats going to speak bond holders, that it could go worse than that or not . You know, i absolutely think rates look like theyre going higher h
About industry issues. We are going deeper than normal and i think that is good. We encourage that. There is always politics in the background steady. , you need to keep going plus, facebook reveals the project that goes beyond social. The coo says the company is ready to embrace it. Companies like ours should not make as many decisions as we do, we know that. It is all straight ahead on bloomberg best. Emma hello and welcome. This is bloomberg best, your weekly review of the most important Business News and interviews from Bloomberg Television around the world. Lets start with the day by day look at the top headlines and last weeks protests against an extradition law in hong kong continue over the weekend. The government responding to extreme public pressure. Hong kongs leader made a rare apology over her proposed extradition bill, this after hundreds of thousands of protesters took to the streets for a second sunday in a row. The government suspended the bill saturday, but that did n
Well give you a check of the picture in a moment. There you go shanghai up 0. 50 . Trading under way there for a number of hours. The dax is up approximately only over in france, the picture, negative at this hour. Treasury yields much in focus this week. 2. 60 on the current year and above that level at 2. 65 that is the one to watch were certainly watching that. 2. 60. You can round that up to 2. 7 right now. You can round that up to 3 a lot of people say thats the next stop. The question is at what point does that put more pressure on equities and minds of investors as the rates are going or the bitcoin, to lose money on bonds, i got to get into the stock market except, well see what happens from the equity market from there quite frankly, every piece of low rates have been great for the equity markets apparently rates going higher are great for the equity markets. Thats the dogma right now what point do you get, as ive sort of been saying the full capitulation of Bond Investors whe