Close at the open. The road map begins with that renewed vaccine optimism and detailing their own strong data. Plus as for the market, the u. S. Stocks poised for new records and the futures are and investor optimism about that vaccine and dow is within striking distance of 30,000. We have a lot of deals this morning. Pnc looking to become one of americas largest banks and set to buy spanish bank and 11. 6 billion the Purchase Price and other deals to tell you about this morning carl lets start with the moderna news excellent news for the second week in a row. Dr. Fauci on some of the networks earlier today saying the data are striking and the results are just as good as it gets i really think we have to go back just a couple months and recognize that even if we had any hope that there would be a successful vaccine maybe 70 , 80 . 50 to 60 for the flu is something we learned moderna Insider Selling was bad and turns out the Insider Selling was bad meaning they sold badly i do think wha
To see any sort of intervention in the session today . Did just get more jawboning, across from the japanese finance minister and even he seems to recognize that his comments at ba you, because he has put out a statement saying he is watching fx moves with a high sense of urgency as usual. Something he has said in the past but we will watch for a more concrete action coming through the end, holding above that 150 mark. It is really a function of the yield gap between the fed and the boj. You can see the 10 year yield just coming online fairly steady but at that level you are around six times higher than the counterpart in japan. The ggp 10year at yields. A stocks wise traders are focusing in on those bond market moves. And corporate earnings. You just mentioned meta but shares sliding and you can see that after hours move their down around 4 . The warning amongst others and on the economic outlook, so not a great lead into the session today. It is not just earnings in the u. S. There a
Were still in rarefied air at these levels with the market well above where it was right after the election, and yet i keep hearing about the day of reckoning thats coming. Im not sure about that day. However, i have to tell you when i look at whats happening with individual companies, not the overall market, i see a game plan next week that most likely will face its roughest test even as i doubt it will produce enough grift for the bears to get the kind of selloff theyre praying for. What makes me so concerned about next week . Retail. Next week the retailers report, and i think well blanche when we see these numbers, especially given their stocks have had a bit of a run going into these quarters. Lets start with two retailers we hear from on Tuesday Morning, home depot and macys. Their stocks have been on different trajectories. Home depot is ameteoroloong the retailers in the world but this stock has had a pattern. It runs hard into the quarter. Then it reports fabulous results and
Parents notified authorities. Police say they did find explosive materials during their investigation of the teens home but nothing was found on campus. We expect to learn more at a press conference scheduled for 2 00 this afternoon at the Frederick County Law Enforcement center. Right now savario is under going a mental evaluation. Thank you for joining us at noon. The finger pointing over the failure to pass a plan to repeal and replace obama care has begun and as Craig Boswell reports, the white house the pointing them at conservative republicans. I think the president is disappointed in the number of people that he thought were loyal to them that werent. President trump placed the blame on conservative republicans for failing to pass the gop plan to repeal and replace obama care. Sunday he tweeted democrats are smiling in dc that the Freedom Caucus, with the health of flu for growth and heritage has saved obama care. I n been more selfcritiquing than me. The chairman of the House F
Good morning to you, kris and scott, to honor and remember San Jose Police officer, michael johnson. The city and state have come together to do something thats usually, typically reserved for Highway Patrol officer. What theyve done today is theyve renamed a section of highway 87 after officer johnson. Within the past hour at the great oaks parkway, San Jose Police station in the south county, the department brass, mayor, and officer johnsons family, they dedicated, quote, memorial highway. The city unveiled a mockup of the sign with the officers name. They had the ceremony here, because it would have been too dangerous along the very busy highway 87. The section of highway 87 that is named after officer johnson will run from interstate 280 south to highway 85. If youre not familiar, this is a major corridor for commuters driving to and from work in silicon valley. It is exactly one year ago today that officer johnson, a 14year veteran of the force, this is when he was killed in the l