Welcome, everyone, the kboel im sara eisen, here with wilfred frost. Pfizer says its covid19 vaccine candidate developed with biointech is more than 90 effective in preventing covid19 in a phase three study the cow and s p 500 hitting record highs in todays session, this after strong gains last week as well as the Election Results come into sharp focus. Seeing down sectors like airlines, cruises, banks, and energy are seeing outsized returns today on the vaccine news while the stayathome winners like zoom, peloton, and amazon are coming back to earth. Nasdaq is actually negative with this more than 1,200 point rally on the dow 59 minutes left to go on a historic day on wall street. Nasdaq hovering around the flat line. Big gains for the dow. Coming up on the show, a massive guests line ups. We will discuss the vaccine, the election, what it all means for your money with huge names nelson peltser will weigh in with his thoughts on what the market is doing as we speak. The chamber of com
In a moment. Also if the headlines, chinas anbang withdrawing its 14 billion bid for starwood hotels. That means starwood will be owned by marriott. Well talk about what is next. And an interesting story around the mysterious anbang. Tesla shares higher this morning. Elon musk unveiling the new model 3 in los angeles last flight. He says preorders are already red hot. Welcome. Good to be back with you. Lots to do today. We have to start with the markets, all of the viewers and listeners following that jobs number. Not a great number, pretty good number. Stock market doesnt like it. The market is torn. I think the most important thing left out of all the discussion, new york and california raising the minimum wage big. Thats how wages go up now. It just shows you you have to push them up. The supply of labor force is so big, in part because of digitization. Ge talks about it. In part because of the loss of manufacturing. These jobs are not highpaying jobs, unless you have a minimum wage
Many Car Manufacturers apart from volkswagen, that these tests for emissions were not manipulated. That these were not legislated. We would like there to be some form of independent, because what is at stake here is really important. Its our european citizens. This is a sad story for many reasons. I would like to refer, how is it a possible that authorities did not discover these illegal devices for such a long period of time . How how are these tests carried out . What instruments, an American University discovered it. But we were in charge of control, who is responsible, ho is it possible that these tests passed approval test. What is io the position of the commission here and what does that commissioner think about being a authority which would be able to check what has been carried out today. Also thank the local authority who are not able to reach the ta air quality requirement. Y ow the European Commission has saie stickiave violated the provisions but now they knowng what is goi
Scrutinizing them. Already two years ago that testing must be improved and harmonized together with misleading information on fuel consumption and Environmental Performance which is very important. The issue has not yet been solved. So the European Commission and Member States must also investigate if the case concerns just one manufacturer or whether we might be facing a much broader problem. The decisions we like to talk about with standard but what are they worth . They can be Cost Effective and enforced and controlled, they are not worth very much. Thank you very much. Translator thank you. You have the floor. Translator madam president , ladies and gentlemen, the transport committee, too, is affected by this scandal because we know that without a change in mobility we will not be able to stop Climate Change. 24 , thats what transport accounts for and, in fact, if you look at road transport, its 72 . And thats bad enough. But since 1990 in industry weve seen a decrease of 2 . But i
Issues at play with two special guest hosts. Wharton professor of finance Jeremy Siegel and trusted american businessman steve forbes. Both onset and ready to start this discussion at 6 00. First, though, andrew has a few of the top business headlines. Lets talk about some of the headlines this morning. Cisco systems buying Cloud Network start up meraki for 1. 2 billion in cash. It was founded in 2006 by members of m. I. T. s laboratory for computer science. Joe, i dont know if you take credit for any of that. Bp plans to spend up to 5. 9 billion buying back stock. Last week the oil giant agreed to pay record criminal penalties over the deepwater horizon disaster. And americans are carrying more Credit Card Debt and being less diligent about making on time payments. Trans union now reporting that average Credit Card Debt for borrowers grew 4. 9 in the Third Quarter and meantime the rate of credit card payments at least 93 days overdue rose slightly to three quarters of a percent. This