Ofto see geoffrey yu there bny mellon in our opening. With the new slow out of washington, how to get ready for ferro, do you think the secretary of treasury will be watching mr. Powells press conference . Jonathan i hope they speak before the press conference. These two need to get on the same side. It is not good to wake up ever to see the chairman of the Federal Reserve and treasury secretary on different pages on an Emergency Program that, lets be clear, has really helped keep financial conditions loose at a really tough time for the u. S. Economy. I am surprised, maybe even shocked, that the market is where it is this morning based on the spat between those two individuals. Tom there are distractions in washington, but maybe it was beneath the radar off of president trumps efforts to tolection 2020 lisa move election 2020. It devolves to a market that looks like the fourth week of is taking myferro vacation days. Lisa how do you price the future with a present that is very much dy
And throwing a little excitement into the game. Bonds are higher. That supports the bigger decline we had for the s p 500 earlier. At this point again we are seeing for bonds, the decline in yields probably more outsized than the pullback we have for stocks. Perhaps there is some volatility, but not today. One place there was movement was in Prescription Drug sales. Amazon has decided they will come to that business. Higher on then news they are opening an Online Pharmacy where they will sell drugs on a digital basis. Discounts to prime members. On this you have the likes of sourcelgreens, amyris from anything involved in the drugstore supply chain down in a is way as the commerce giant getting into the business. This has been thought it would happen for a while, but now that it is here come easy the big selling pressure in the health care chains. Amazon off the highs but in a hohum day is up. 7 . David thanks to Abigail Doolittle for that report on the markets. The ceos of facebook an
Have our own back seen. It makes kind of companies uncomfortable when we tell them its. Were working on our own vaccine to see what wed decided was to support companies which every company came to us for assistance, helping them with assays with Animal Studies with clinical trials, with regulatory pathways. Anything that we needed to do in order to advance a vaccine as quickly as possible. So in a sense, if the world wins that i. B. I. Wins, and that was our strategy, that being advocates of free market, Big Pharmaceutical Companies will say, and your, or your a strategy failed it is pfizer astra zeneca, those big multinationals that create the vaccines no, into your a un mandated vaccine institute. So actually, you know, our Vaccines Institute is, is funded really by, you know, the governments of korea, sweden, india, and finland and the Gates Foundation. The Welcome Trust. And our goal is really to get vaccines over the finish line. I mean, we dont think about it that vaccine is bein
Cal football Season Opener has been canceled after one of the teams players tested positive for coronavirus the team was scheduled to host the washington huskies on saturday. In a statement they put out on thursday, the pac 12 said it accepted cows request to cancel the game due to not having enough available scholarship players. The athlete who tested positive is in selfisolation and several other players are in quarantine due to Contact Tracing the pac 12 says saturdays game will be declared a no contest. Also the east bay authorities issuing a Public Safety warning after a series of highprofile crimes in the last few days a caravan of thieves struck stores, breaking in and wreaking havoc Law Enforcement calling the caravans dangerous kron ons Theresa Stasi was at the scene with the latest at that store that was hit. Parents and the rounds of this big 5 now completely boarded up after what happened and authorities now issuing a warning there heavily armed and they have a lot of weapo
Things are really tight. Traditionally families get together for thanksgiving. It certainly changes. Host what has been the all canonical . What job what has been the economic toll . What jobs have been lost, the industrys, what has it been like . Guest a live across from onntown philadelphia, and any day, the traffic is backed up. T is down to almost nothing people are now seeing the longterm effects of the pandemic. As you know, unemployment ran out some time ago. Eerily, allr not, over the district, Food Insecurity is a big deal. There was Food Distribution several times a week. There. Ough out host who is in those full food lines that you did not think would be in food lines before this . Guest people used to be on the other side of the equation. The ones who would donate to the food banks and help out. Now we have seen that those are the ones on unemployment. Egg they did have, which for most people is very little, and ran out a long time ago. Unemployment made such a difference,