To have you with us a progress in Vaccine Development is lifting spirits as lockdowns continue around much of the world but recent days have shown that Vaccine Distribution could be a weak spot take a look pfizer has revealed that it initially overestimated its supply chain forcing it to cut delivery projection several weeks ago instead of 100000000 doses for 2020 it now expects to deliver 50000000 another concern for distribution is security i. B. M. Saying that hackers have targeted organizations working to improve vaccine cold storage in supply chains in suspects state actors may be trying to steal trade secrets or disrupt distribution of finally vaccine financing is a growing concern with International Aid not yet meeting the amount needed to help poor countries heres u. N. Secretary general antonio terrorists at a special covert 1900 some of the new york. U. S. Dollars including 4300000000. 00 urgently needed for the next 2 months. I think those who have contributed and own to sho
They call the process excruciating. Good morning, everyone. Happy friday. We have made it to friday. It has been quite a week. Welcome to bloomberg surveillance. I am Francine Lacqua here in london. The markets are focused on brexit, oil because of opec, and focus on u. S. Stimulus in the u. S. Stocks are holding gains, key data of course out of the u. S. , it is the u. S. Labor market. It is going to give us an indication of whether the economy needs support or not, and Oil Extending Gains after ninemonth high after this opecplus deal. I am looking at the dollar, treasuries pretty much nudging higher. A lot ofve a prett volatility because of brexit do we have a deal, do we not have a deal, have they walked out . It has been pretty unclear so far, talking about lastminute ships come up the british saying it is because of eu demands at the last moment, but it seems like it could be up in the air. Now lets get to the bloomberg first word news. Here is leighann gerrans. Hi, leighann. Leig
Interesting to see the 2021 look forwards. All we have is good conversation and a look at the tea leaves. Lisa is going to talk about jobless claims and all the rest of it, but i want to look at the granularity. Is a pandemic ago stock, and there is the reality which i believe you mentioned yesterday. I cant remember which property you mentioned it on. You know what . Retail is really struggling. Jonathan this is the story. A stock like macys has done pretty well over the past week, but that is the difference between the ketchup trade the catchup trade and a durable trade. I think that is the story for hours. T couple of we got to get through the next couple of months. Tom i mean, it is a comedy. But this is not funny. In south australia, you can now not walk your dog because of pandemic fears. Talk ofes of the macro the Bloomberg New Economy Forum and the realities that lisa has been talking about here day by day. That gets your attention. Jonathan and initial jobless claims will get
For a supercharged economy next year if we get a stimulus package. Traders are already betting on vaccine hopes. Joe, the u. S. Stock market had one of its best months in november. The s p 500 surging 11 . It feels like we are on this track to keep on hitting these lofty highs. Joe it is really extraordinary because yesterday we talked about november was an incredible month. Lots of followthrough. You e th indices in the green today. Once again, we see this speculative exuberance starting to build up. Look at this coal volume. Absolutely surging. If you look at anything today that was back to normalish, it was all highs. Chart of pull up a nordstrom are macys, romaine blackberry shares. [laughter] it is like a blast from the past. Joe anything that was old or forgotten about, it was hot today. Feels like that exuberance is starting to build. Romaine you are seeing investors come off the sidelines. Take a look at the vix because i do not know if it i do not know if the signal is. Some p
3, 2, 1. This hearing will now come to order. Is in a hybrid format and the hearing room has been configured to maintain the recommended six foot social distancing between senators, witnesses and other individuals in the room necessary to operate the hearing, which we have kept to a minimum. , a those joining remotely few videoconferencing reminders which you should be familiar with at this point. Once you start speaking, there will be a slight delay before your display on the screen. To minimize background noise, click the mute button until it is returned to speak or ask questions. Issue,e is a technology we will move to the next senator until it is resolved. I remind senators and our witnesses the fiveminute clock still applies. Those remote should have on your screen one of the boxes labeled clock which will show how much time is remaining. Weve had some trouble getting those boxes to everyone screen or at least getting everybody to be able to find them and follow them. We are going