President tells bloomberg positive news on the vaccine isnt a major game changer for its forecaster. She says the focus remains on stopping the economic slump from worsening. Judy sheldons nomination to the fed board is blocked. Set tome as the sec is move ahead for plans that could delist chinese companies. A warm welcome to the show. Welcome back. I hope you had a good rest become because you come back to many warning signs. From the equity markets, sell the top. Markets, the dean of debt a little to get suspect on distressed debt markets. Marie. Orning, ann annmarie good morning. When this level of optimism is high, there is usually more room for disappointment and that seems to be what we are seeing. I said facing reality. You had a good term of categorizing that reality and for me, Christine Lagarde saying the vaccine is not a game changer because it is not going to change in terms of the economic fallout we are seeing. If we take a look at where we trade this morning in the monda
Susan Harold Holzers is our second hour about your new book the president s versus press. While i invite people to find the first hour, for those who havent seen it, whats that the jist of your new book . Mr. Holzer the thesis is we may believe we are living through the most chaotic and unpleasant confrontational era ever between a president and the media. But in fact, its a long tradition in American Government and American Media history that president s and the press do not share the same interests and have been out war, and a sense, ever since george washington. Susan from the time you started this project, was it always it versus the press . Mr. Holzer im glad you asked. No. Originally it was the president s and the press. In my research about president kennedy, i found that he gave a very defensive speech in 1961 for the American Publishers Association in new york city. And during the speech he said, i wanted to call this speech the president versus the press because you are not a
Bloomberg technology. Lets take a look at the markets on the day. It was a risk on session, of course avenue do with the news out of madera that they have a vaccine that is 94. 5 effective on the volunteers. 500hat news, the s p finishing higher. Some nice gains out of the nasdaq. Moderna itself sharply higher. After the market, we did have news coming from brookshire and s. Her hathawaye berkshire added to their portfolio in terms of health care. Typically, health care a defensive space. With the virus, perhaps these additions have something to do with the virus. Stocks have been down sharply on the day after moderna news about the virus came out. Likingours, investors pfizer as well. All right, abigail doolittle, thank you so much for that round up. I want to get to airbnbs filing. The company disclosing details of its initial Public Offering plans for the first time, releasing Financial Results and previously confidential information on its operations. In ipo search that has largely
Boost the recovery. Larry summers says the coordinated Global Response is needed. And airbnb books an ipo in new york, aiming to list shares on the nasdaq. Booking through september a total of 18 billion. Although it admits covid19 continues to affect the business. Lets take a look at the asx. More than normal when it comes to the australian soft market after it had the data disruption out. Yesterday was the longest outage in about a decade. Of course, it meant australian traders missed out on the bulk of the days rally. Only trading for a halfhour. We are seeing a pretty modest start, less than 2 10 of 1 higher at the open. Perhaps some caution there could be more technical difficulties. We are seeing gains when it comes to trading in new zealand. Nikkei future setting off on a bad foot as we are seeing some profittaking. It does look like the vaccine driven optimism and the rather we saw overnight will continue, with s p active futures in the positive. Shery we have breaking news at
Later, more about the state of Small Business, a guest, Amanda Ballantyne from the main Street Alliance. You are watching washington journal. We will be right back. Top nonfiction books and authors every weekend. President former barack obama on his life and political career in his newly released memoir. Sunday open markets Institute Director and her book, seven ways for corporations rule your life and how to take back control, interviewed by a Bloomberg News reporter. And a former appellate judge and book,ofessor and his examining the constitution through the eyes of judges and legal scholars and historians. Weekend ontv this cspan2. Washington journal continues. Host joining us now is john hudak, author of this book marijuana, a short history. Talking here about Marijuana Legalization here. Good morning. Election day featured some more news, several states there active in the area of legalizing Recreational Marijuana. Give us a sketch of what happened. Guest four states had adult use