And the deal is worth over 44 billion in stock it combines two of the largest providers to wall street and so far 2020s largest dollar wise deal plus, youve seen it on squawk box gm and nikola announce a smaller deal on fuel cell systems doesnt involve equity and well get to more of it why those shares are down so sharply by the way, jim, great to have you back. A lot to catch up on that we missed talking with you about over the last few days as for moderna, another monday here, jim, with 100 on severe and more discussion that come spring we may have nearly ten of these things to choose from. A remarkable moment because it is true this is warp speed and warp speed is run by the army and going to go to longterm care facilities at the same time it is going to go to Health Care Workers and i think the good news here is it will go to a lot of people that no one thought they could get to very early you shotgun the entire level of when you include modrna and dont even talk about j j i think
Lansing. She addressed the covid19 pandemic and her goals for getting residents of her state vaccinated. This runs 30 minutes. I am honored to welcome all of you for my hometown of detroit. Last year was tough. Theres no doubt about it. But when our backs were up against wall, we saw some truly remarkable things and michigander stepped up in incredible ways to help each other. When we do things together, we are unbreakable. Thanks for the to the conviction and work ethic that fuels the soul of every person in our state. Now it is time for us to look Forward Together to write our next chapter. As president of the 101st legislature, i officially called the 2020 one state of the state address to order. Please an out of me to introduce my partner, the 49 governor of the great state of michigan, governor gretchen whitmer. Whitmer is addressing her state of the state address. This is different because it has to be. Tonight, it is tonight is just me and a few speed a few people in my capital
To the economy. Today my colleagues on the foc and i kept Interest Rates near zero and maintained her sizable asset purchases. These measures along with our strong guidance on Interest Rates on our Balance Sheet will ensure that Monetary Policy will continue to deliver powerful support to the economy until the recovery is complete. The path of the economy continues to depend sidibe drama course of the virus but a resurgence in recent months and covid19 cases hospitalizations and deaths is causing great hardship for millions of americans and displaying on economic and cavities. Following a short rebound of economic at tivoli last summer at the pace of their coverage is moderated in recent months with the week is concentrated in the sectors of the economy most affected by the resurgence of the virus by greater social distancing. Household spending on Services Remain low especially in sectors that require people to gather closely including travel and hospitality. Household spending on goo
Wearing, sanitation, ventilation, separation, we are not going to get a handle on this to be able to fully open our economy and our schools in our society. That is what has been ignored by the administration. That is what we must insist upon in this package. It has been another bills but they have not acted upon the resources in a way science would demand. That said come on the subject of the airlines, ive made the case to my colleagues this is a special case because in order for airline employees to return to the workforce, there are National Security concerns, there are concerns about certification and all the rest of that, not somebody leaving a job and coming back to a job, but having to qualified could take a couple of years for a pilot, six months for a flight attendant, six i think we should pay special attention to that. We should not do that and lose all leverage to do Everything Else we have in the bill, which is to crush the virus, honor our heroes, put money in the pockets
Impacts the Monetary Policy path. And we have an exclusive interview from aspen. With apple the market value is said to drop with concerns over its sales outlook. Amazon soars. From washington im kailey leinz with guy johnson area but come to bloomberg markets, happy friday and happy jobs day to you. Guy im not sure i am happy about what has happened with what we see today. This week has been about abbasid massive move in the bond market. Is this because of the payroll number or because everyone has been selling all week . That is critical. And then you look at the wage data you had lot highlighted in the headlines, does that tell us the fed will struggle to get down to 2 anytime soon and if that is the case, should the bond market be adjusting to that . Im not sure our understanding has taken note big leap forward in terms of the evolution of the economy and what is happening with the labor market. Kailey good point. Two fridays ago the 10 year yield was 3. 83. We are still at 4. 11 w