Good day, everyone, and welcome to msnbc headquarters in new york. There is a new timeline for the distribution of covid19 vaccines once they are approved for emergency use, and some americans could be getting them before christmas. Surgeon general drum adams said its authorization will submit its request on december 10, and some will answer within 24 hours of that request. The Surgeon General will reflect on what might have gone wrong with President Trumps handling of the pandemic. There are many Different Things we could have done differently. This virus has been challenging. I wish that, again, this hadnt been superimposed on top of an election. I wish we would have been able to come together as a nation and really talked about the science instead of the politics. Hmm. Well, this comes from new warnings today from dr. Anthony fauci on what to expect after the busy thanksgiving travel weekend. There almost certainly is going to be an uptick because of what has happened with the trave
Thank you, guys. Okay. Alex gorsky from j j, appreciate it well be back tomorrow cnbcs special coverage continues right now. Good monday morning welcome to squawk on the street, im Carl Quintanilla with jim cramer and david faber. Coming to you live from separate locations even on set as we practice social distancing futures are stable to start the week as the president extends those social distancing guidelines to april 30th j j, as you just heard, announcing a lead candidate for a covid19 vaccine a lot of people were astonished that the futures, just at the moment when the president said, look, we have to extend things. Take away that april 12th deadline, it will go all april at the very moment we saw the futures start reversing. I think this is a day, dont know how much more, a day where science trumps the pain and the disaster frankly that is covid there have been many, many days weve come in and science has been playing catch up game today it sounds like science is on target. List
And i think this is just the beginning. Why . Because in a slow growth world where it is tremendously difficult to raise prices, Many Companies have no choice but to buy other businesses. In order to please their shareholders. These mergers and acquisitions are a huge spurt to the market and the chief reason the dow vaccined 66 points, s p 500 gained. 54 . Nasdaq climbed. Once consolidation breaks out, it tends to spret like wildfire. It is raging through like a bone dry gull which on a scorching hot day. Thats how you can get not one but two for hill shire brands. A sleepy spin off from sarah lee. Which earlier this month itself made a bid for a sleepy pinnacle foods. I was stunned by the 45 bid from pilgrims pride for the hunter turn hunted hillshire brands the beginning of the week. Now i am floored by the 50 bid from tyson foods. It is obviously not over. Hillshire wouldnt have gone out at 52. 76 off the 50 bid, up to 74 in a totally heated session. In retrospect i shouldnt have be
Bizarre correlations taking the averages down with it. Down later in the day actually allow you to make any money . Is it possible to navigate your way through a day like today after really nasty initial decline. The dow only gain 13 points. S p did backslide. 1 but the nasdaq advanced. 05 . Do you know what the answer is . Yes. But first you must accept and come to terms with if not love the basic stupidity of the markets daytoday and hour to hour judgments before you pull the trigger. Lets start with the central premise of this market and thats the primacy of hedge funds over everyone and everything else. All of you out there including mutual funds managers and index players you mean nothing. You are nothing. You are captive and hostage to the hedge funds who every day were all at the market. You are pawns in their game. Which means youre a captive to the judgments that their machines make. Again as silly and wrong headed as they are because they manage much more money than you do an
The hostages were marched to a beach and forced to kneel and as they prayed were beheaded. Cairo is retaliating. Egypt conducted some airstrikes on specific targets in eastern part of libya. And they targeted specifically camps, old training places. The u. S. Says egypts attacks inside libya were not coordinated with the coalition. They consider the egyptian president s rise to power a coup responding to the strikes one of the groups battling is giving the egyptians 48 hours to leave. Experts are calling it a threat. We need to pull our force together and face this threat that is coming closer to home. By home i u mean not only egypt but also europe. Closer to home if you look at where other militant groups are pledging allegiance to isis. It could happen almost anywhere among a dozen u. S. Allies. Speaking of allies denmark is on a state of high alert after that terror attack in copenhagen. We will not accept any a attempt to threaten or intimidate our liberties and our rights. Court