Dollars, but hes in luck and our traders are here to help him fix his portfolio and we start with the major news on gilead that weighed on the major averages gilead dropping on reports that the companys coronavirus des v remdesivir it is difficult to part through because it was halted from china that didnt have enough to finish the synopsis on these partial results were posted by the World Health Organization on its website immediately taken down, but not before the Financial Times and stat news got a hold of it. What that showed was that 237 patient were enrolled in this trial and 158 of them were on remdesivir and they had planned to enroll 453. One of the gauges they looked for for success was mortality and how many patient surs viefed at 28 days they found 14 of the patients on the drug passed away versus 12 in the control group. In a summary of the screen shot here they said that remdesivir was not associated with clinical or virological benefits. We regret that the w. H. O. Prema
Can you guess what company just passed facebook to become the second most downloaded app in the world well goat you the answer a bit later in the show. Its a busy hour were kicking it off with target missing the mark a once red hot retailer posting the worst day since november 2018 after reporting sluggish electronics sales. Target which had been a bright spot for the sector and market in general joins kohl as jcpenney five below and l brands failing to meet holiday expectations. The xrt, the etf tracking the group, down more than 1 to kick off the year. Guy. Yes, zwlier do you think there are cracks in the consumer showing . I dont think its an indictment of the consumer at all. I think in this case one off misses we have have a consumer conversation but i dont think its about target the stock went from 80 to 130 in a Straight Line and finally valuation catching up to walmart compsy disappointing you cant say they were not. They reiterated Fourth Quarter guidance and margins down. Sto
Squad, 2020 hopeful Elizabeth Warren vocalizing her support for the pop singers battle with former record label, swift has been cleared to perform older music at the American Music awards, thats this sunday but warren has used the bad blood to slam all private equity firms, lets go straight to grady who has been all over the story for us, grady. Hey, david, you took all my taylor swift song intros there. It was sold earlier this year the Carlisle Group, senator Elizabeth Warren apparently is with swift chiming in on this, taylor swifts work is being threatened by privateequity firm, they are costing jobs and crushing entire industries and says its time to rein them in. Alexandria ocasiocortez chiming in as well, predatory practices actively hurt millions of americans, leverage buyouts have destroyed the lives of retail workers across the country scrapping 1 plus million jobs, in this case the private equity firm involved the Carlisle Group isnt commenting but worth noting the data from
Alphabet apple price target up to 300 couple upgrades at nike, goldman. A lot of research to the up side. Facebook and google in particular have been in the penalty box over regulation concern, trying people in front of congress, having to answer questions. As that was going on, we saw earnings hold up i had the question how long before the numbers outweighed some sentiment while the upgrade seems to be happening. Speaking with all of the market strategists dayin and dayout, they talk about the new trend of cyclical growth, not new per se, but some of the themes theyre focused on while these companies play into that theme. Interesting timing with the upgrade. Seems like theyve seen Sundar Pichai assuming the role as one that would lead to Brighter Future for the company you know, also in terms of valuation, seems like thats another thing that they look at as being a net positive. The other element, facebook in check by the hsbc call that says 40 of market cap could be at risk. Definite
Its 8. 30 in the morning in the indian capital delhi, where as of now a traffic restriction scheme has just come into effect. The authorities are trying to grapple with the worst air pollution the city has experienced for three years. Millions of people have been told to stay indoors, to avoid the toxic blanket of smog thats covered the city. Pratiksha ghildial reports from delhi. Delhi is choking. People here are breathing the citys most toxic air in years, with pollution levels more than 20 times their safe limit. The problem returns here every winter, but many are saying that this is the worst they have experienced. Protesters gathered outside the Prime Ministers house demanding a basic right clean air. They believe there isnt the political will to find a solution. You can obviously see how terrible it is, and its actually scary. You cant see things in front of you. Patients are coming with more lung respiratory diseases, more affected by asthma. One major source of the solution is