Mid to upper 60s inland. And we will talk about the rest of the week coming up in just a few minutes. Lets check in with the traffic. It is starting a backup of the bay bridge this morning. Weve got a broken down vehicle near the meeting the lights. Just passed the toll plaza, adding to an already busy right as you work your way towards the bay bridge toll also. Youve got a backup almost 880, the overpass so give yourself a few extra minute. Slugs conditions as you work your way through the upper deck as well. If you taking the westbound 580 , we have a stalled vehicle blocking the right lane right before coolidge avenue. And another part of maybe, this is the ultimate pass, already busy from tracy as you wake your way north. Police on the scene of a homicide in jose. It happened late last night on north capitol avenue near mckee road. Police say a man was killed. This is the 42nd homicide in san jose this year. Right now, we do not have any information on motor or a suspect. We will b
One of your last San Francisco exits. The left lanes are still blocked. Chp trying to get a crew to run the traffic break so they can clear that big rig from the roadway. Wet roadways continue like san leandro. A crash south 880 in the middle lanes. Were watching that and the green highlighting showing damp roadways. Be careful. It is slick out there. Back to you, laura. Thank you very much. Breaking news from pfizer on this Covid Vaccine. They plan to submit vaccine for approval within days and just finished phase three testing and is said to be 95 effective. Pfizer adds effective for older people and has no serious side effects. The Company Expects to make 50 million dose this is year and more than 1 billion by the end of 2021. Last week pfizer initially said its vaccine was 90 effective. On monday moderna said its vaccine was nearly 95 effective. Pfizers vaccine needs to be stored in extremely cold temperatures. Here is perspective on the size of californias recent surge in covid ca
Global news 24 hours a day on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in over 120 countries. I am Mark Crumpton. This is bloomberg. I am vonnie quinn. Welcome to Bloomberg Markets here are the top stories we are following. Covid vaccine in the ether again. Pfizer says a final analysis of the chemical trials data shows its vaccine was 95 effective. Free han the 90 previously. Michael stubblefield, ceo of of and later we will speak to the ceo of intact financial. It would be the biggest acquisition of a u. K. Listed company this year. A quick check of the markets. For the most part, not doing much. The s p 500 unchained. The 10 year yield under 88 basis points. Weakk dollar index a dollar index. We have a slightly smaller dollar. Investors keeping an eye on vaccine development. Tor provides materials for vaccine candidates. The president and ceo Michael Stubblefield joins us for more. Michael, you provide Raw Materials for most of these vaccines
Good wednesday morning welcome to squawk alley. Im john for the with caro quintanilla and Julia Borstin well start with apple, a cost cut for Small Developers josh lipton breaks down the news for us. Here is how the new program is going to work its called the App Store Small Business Program it launches on january 1st and it does represent a big change here. Developers earning up to 1 million during the Previous Year will now be eligible for a commission of 15 on paid apps and inapp purchases, and that is half of apples Standard Commission apple says the new program will impact what it says is the vast majority of developers selling Digital Goods and services on the store. Tim cook saying in a statement the app store has been an engine of Economic Growth like none other, creating millions of new jobs and a pathway to entrepreneurship accessible to anyone with a great idea for investors this change is also important remember, the app store is critical for apple it accounts for an estima
Moderna says its vaccine is nearly 95 effective moderna up 9 , 10 right now while the other vaccine stocks are actually dipping we are awaiting president elect bide wren to give remarks about state of the economy after meeting with top Business Leaders and ceos today well get you there when it happens as power lunch starts right now. Thank you, ty. The dow was soaring to alltime highs, just shy of 30,000 today. All signs pointing to a continued rally except for one, a very important one lets go to bob pisani for more on that. Bob . We are seeing that moderna is helping the market overall and continuing a trend that we saw for the last really week and a half lets take a look at the sectors here the story is valuelike banks and Energy Stocks has been outperforming growth areas Like Technology for example nen weve seen cyclical sectors like industrials, for example. Generally outperforming defensive sectors like consumer staples. Generally small caps have been outperforming big caps in is