People across Central America last week, and more than 100 are still missing. Global news 24 hours a day, onair, and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. Im Karina Mitchell. This is bloomberg. Vonnie it is 1 00 p. M. In new york, 5 00 p. M. In london, and 2 00 a. M. In hong kong. Im vonnie quinn. Welcome to bloomberg markets. Here are the top stories we are following on the bloomberg and from around the world. Stocks are surging, the dow is up almost 5 , bonds tumbling after a largescale Coronavirus Vaccine study delivered the most promising results in the worst pandemic in a century. This as president elect biden warns of a dark winter ahead. We will get more about that large study that shows that vaccine being developed by pfizer showing more than 90 effectiveness. Tina fordham on a biden presidency and what we can expect from this lameduck session. One thing we can expect, we just got a firing. Mark esper terminated. Tr
Questions were raised over astrazeneca trial results. The ceo telling bloomberg within the last few minutes that it will now likely as a result run a new global trial, saying, now that we have found what looks like a better efficacy, we are going to have to validate this, and we need to do an additional study. It looks like it is going to be half of those full dose that could produce a higher efficacy then maybe a full dose. Europe and the United States continued to struggle with containing the virus resurgence. Germany is seeing a record increase in new cases, while new york cases are approaching 7000, hospitalizations hit their highest since june. Here was more is bloombergs, china here with more is bluebirds emma chandra here with more is bloombergs emma chandra. Emma astrazeneca are going to look to have a no other global trial to test the efficacy of the half dose, which they think will be better, and getting some more troubling figures out of large economies. The likes of new yor
Dont bet against progress thats the lesson for todays stock market where the gross name came roaring back the nasdaq surged 3. 85 . I know what you are thinking. It feels like the whole republic fringes. Well, excuse me. We are having one of the greatest rallies i have ever seen despite all the worries, the woes about the market tanking if Election Night was in indecisive indecisive like it or not, the people spoke. Whether biden or trump ends up on top, it looks like buy den right now. The democrats will have the house and the republicans will have the senate. At least two years of boring do nothing government even with the pandemic and the high unemployment and of course just kind of anger, americans seemed satisfy with the status q quo. They certainly dont want higher taxes. Something that would have been on the agenda if the socalled blue wave has washed in. Thats a big deal. I know based on the polling, i was worried what may happen to stock with a blue wave just stocks. I am sure
Kolanovic, just named number one in two categories, equity linked strategy and added to institutional researchers hall of fame. Its a big billing marko, welcome thank you, scott. Lets talk about where we are now and where we were when you made a big and important call back on march 24th, you said the following many taking into account the unprecedented monetary and fiscal measures being implemented as well unprecedented ambassador et sse over thepath month, our equity target is achievable in 2021 we sit about 4 away on the s p. It was a great call. I know our viewers want to know where you think were going now, though thank you, scott. So we are still broadly positive on the equities. As you said, we came a long way from march our price target right now is 360 for the s p 500. Obviously there is an important cat list so there is a relation based on the outcomes but broadly still positive what is it based on what can people take from this price target, which the team over at jpmorgan, w
Shares of boeing helping lead the dow higher following positive comments from a top european safety regulator about the future of the 737 max. More on that in just a moment. Boeing is up about 3 . The s p up around a percent, close to that at the moment, 59 minutes left, sara. Coming up on todays show, shares of Kansas City Southern they have held up relatively well this year ticking lower on the back of earnings today we will talk to the railroads ceo about those results. Plus we will talk about the impact the coronavirus is having on the world of sports with the ceo of a Testing Company they test for big 10 and pac12. The company is quidel. Their stock be that flying 58 minutes left of trade, mike santoli, megger theel and joining us to talk about boeing today is sheila kaiialo. Mike, the market strong. A gentle rise the market found its footing for the second straight day around the time the european markets closed in the late morning we have been trudging higher since then the s p