The session. High intraday high russell 2000 continues its high but it, too, has faded during the session. The russell flat, the other indices negative coming up in todays show, well ask allianz chief economic adviser Mohamed El Erian about todays highs plus, the president of shopify about the companys new partnership with alipay mike santoli, tracking the market action. Meg tirrell has more news on pfi zechlt rs vaccine data and phil lebeau, covering the boeing 747 max. Mike, start us off here. Weve been dealing with a couple of issues, the market being a little stretched on the upside after that strong rally month to date. Over bullish sentiment has had a hard time getting traction, but no damage done at this point on the year to date chart were slightly above that september high by half a percent nothing damaging really happening here i wanted to zoom into the last ten days of trading or basically really more like eight days of trading, back to last monday, week ago monday. Pfizer n
The broader context is that Global Equities are headed for a third month of gains, so a fair amount of optimism priced in in terms of the prospects of a deal. Stock and bond markets were closed for thanksgiving and we trade for a half day today futures are lower in the 10 year yield is is no indication of sentiment. Oil on the back foot today but we are heading to a fourth week of gains ahead of opec plus a survey saying we are not likely to get a deepening of those cuts. Lets get first word news in new york. Breaking impartiality rules, that accusation launched against channel four news after the broadcaster used an Ice Sculpture to replace Boris Johnson. He failed to attend the live Climate Change debates featuring leaders from other parties. Donald made a surprise visit to afghanistan for thanksgiving he met with the president as well as u. S. Troops. He said peace stocks with the taliban have resumed amidst a push for a ceasefire to reduce u. S. Deployment in the region. Taliban wa
Reporter is the end of the of the, it is the end quarter, some calling it the everything rally. Look at the s p 500 of 4. 5 , bitcoin surging up 208 , the best since 2017. Gold and the 10year yield rallying the most since 2016. The 10year yield opposite the price. Bonds are rallying, risk assets and safe haven assets rallying at the same time good one that is not is the dollar, which is down the worst more than 1 on the month and a quarter. This is a monthly charge. In the monthly range you see it has been stuck in a range between the buyers and sellers, for 2018 and 2019. The dollar index below the 200 day moving average, clinging to the month average, suggesting you can see it go on, even the dollar bounces higher. Reporter not only the Second Quarter but also the end of the second half for it you add together first and second and put it all together and pretty much everything is still in the green. Look on a half year basis, we are still getting the everything rally from stocks to b
Senate committee on health, education, labor and pensions will please come to order. Senator murray and i will each have an Opening Statement and then well a introduce the witnesses. After the witnesses testimony senators will each have five minutes of questions. There is a vote scheduled for 10 30. I think what well do is continue right on through until about 10 45. And then well alternate going back and forth to vote. I think well have time for all of us to hear the witnesses testimony before we have to leave for the vote. Today were holding a hearing which is the second in a series on Prescription Drug costs and response to a bipartisan request led by senators cassidy, senator franken, along with senators collins, baldwin, murkowski, whitehouse, cap tow, sanders, enzi and warren as well as other senators interested in the subject. Not only was the request for these hearings bipartisan, but both this hearing and the first hearing on drug prices were bipartisan, which means senator mu
The committee on health, education, pensions and labor will please come to order. Senator murray and i will each have a statement and we will introduce witnesses. After the testimony senators will have five minutes of questions. There is a vote scheduled for 10 30. I think we will continue right 10 45. Until 10 4 and then we will alternate going back to vote. I think we will have time for all the witnesses testimony before we have to leave for the vote. We are holding the second in a series on Prescription Drug costs in response to a bipartisan request led by senators cassidy, senator franken, along with senators sanders,white house, and warren, as well as other senators who are interested in this object. Not only was the request for these hearings bipartisan, but both his hearing and the first hearing on drug prices were bipartisan, which means senator murray and i agreed on the witnesses. Despite this, our first hearing in june went so far off track that i delayed this hearing , inst