Record close since february 12th. Right now, its above that at the moment. So we look to the s p 500. That should set its first record since september 2nd. Its 23rd record of the year. We have that moving higher right now pretty significantly. The nasdaq just a bit off the mark at the moment. From the Pfizer Vaccine developed in conjunction with German Company biontech and the stock basking in the halo effect from the blockbuster announcement to the mask makers and Rapid Testing stocks on the move. Weve got team fox business at the ready. Market mavens bill snead, jon core pe corpino and Tracy Maitland and Hillary Vaughn live in delaware, with the president elects plans Just Announced and how it might affect your money. The two matadors in charge of todays record bull rally, pfizer and its german partner biontech. Both stocks hitting 52weeks highs on the news that their covid19 vaccine candidate is more than as we said, 90 effective. Pfizer jumping 8. 33 at the moment. Biontech up 15 .
Closer to the mainland. Wrapping off the iphone 12. It is bigger, pricier, and supports 5g. It could trigger a wave of growth. Lets get a check of the markets. We are seeing u. S. Futures under pressure at the open. This after u. S. Stocks retreated from sixweek highs during the regular session. Prospects for us fiscal for a fiscal stimulus have remained stalled and we have mixed corporate views. The s p 500 lost 0. 06 , nine sectors were down. Financials leading the declines. We had a positive start for Bank Earnings but they went south of her investors took a look at reserve relief and Regulatory Risk. 0. 1aq composite, down percent, apple shares tumbling after the release of those latest iphones. Giving up some of the big gains we saw ahead of the event. Oil is under pressure, but still above the 40 per barrel level. It held onto gains in the new york session. This after data from china showed robust crude imports but we did get an executive director shuttered restart of output may
Bloomberg surveillance. Im Francine Lacqua in london. A lot a focus is on the bank results yesterday. Many more banks reporting today with Technology Stocks and apple news. We expect a lot of earnings, and pound weakening, something to keep an eye on. Stocks,ook at european travel shares declining on concern of more lockdowns, but financial shares are climbing. Theyd are today, our active etf, new surveys say active equity funds underperformed in the first half of the year. Lets get straight to the bloomberg first word news. Good morning. Here in the u. K. , Prime Minister Boris Johnson is facing growing pressure to order a National Circuit breaker lockdown. The Opposition Labour Party is calling for increased nationwide restrictions for up to three weeks, after documents revealed the scientific advisors called for that action three weeks ago. The sprint to find a medical breakthrough to contain coronavirus stumbled this week. Eli lilly is the latest company to pause a trial as a safet
Fed chair is currently testifying to the house ways and means committee. Whether it is eu in china or the u. S. In china, we will break that down. We will have exclusive interviews with the erickson ceo. The main story continues to be the fed. The pandemic may threaten the stability of longterm Inflation Expectations. That was according to the vice chair yesterday. I judge that measures of longerterm inflection Inflation Expectations were at the downturn at the lower end of the range that i consider consistent with our 2 inflation objective. Given the likely downturn, we are at risk of falling below that range. Us now is blackrock system medical systematic portfolio manager. What does that mean if we fall sustainably below that range . That is where we are today. This is a huge shock. It is a huge shock across both sides of the economy. That has been met with less price inflation. We have seen the impact across price commodities. We have seen it yesterday with retail sales in recovery
We have the analyst with San Francisco public works and we expect carlo short and chris buck, forester from San Francisco public works. The board requests that you turn off all phones and other electronic devices. Please carry on conversations in the hallway. Appellates, permit holders, and respondents are given seven minutes to present their case and three minutes for rebuttal. Members of the public who are not affiliated with their parties have three minutes each and no rebuttal. Please people into the microphone. The board reserves the right to not call an item after 10 00 p. M. Please speak to board staff during a break or after the meeting or visit the office if you have additional contents. This meeting is broadcast live on sfgovtv. The video is available on our website and can be downloaded from sfgovtv. Org. If you intend to testify at any of the proceedings and wish to have your testimony given weight, please stand and say i do after you have been sworn or affirmed. Do you swe