Have not killed a single civilian in their offensive against tikrit for since my first year struck maker. But there are no has announced its asking american and here been regulators mergence the use of its corona virus vaccine on monday, thats after it got the final results needed to confirm that it is more than 94 percent effective. But there are, is just behind pfizer and its german partner beyond sex and asking to start vaccinations in the u. S. In december. Pfizers say their vaccine is 95 percent effective against kuwait 19, but the f. D. A. Says there will be a public debates over the evidence of each vaccine. Finances will be 1st up on december 10th, but during is set to happen or week later across the atlantic. British regulators are assessing the fines or shots, but theyre also looking at another vaccine from the u. K. Company astra zeneca, which says there is on average 70 percent effective, but can be 90 percent effective depending on the dosage. Well, lets get more now from
The russell 2000, another alltime high, up 2. 1 . The s p 500 up a solid 1. 5 . Important is the cyclical reopening rotation we had happening in recent weeks, often it comes at the cost of tech but that is not happen today. The nasdaq 100 is up 1 . This is a bully lock cyclical rotation on the expectation of normalizing economy this is a goldilocks cyclical rotation on the expectation of normalizing economy. I know we have been talking about whether or not it will last. If we take a look at the sectors on the month, it does suggest the cyclical rotation is on the way. Take a look at energy, up 30 . Heading toward its best monthly performance ever. That is the foam oh buying we have around that is the fomo buying we have around energy, but also financials. We have stocks off to the races. Taylor is interesting as we talk about the reflation trade in the outlook for politics. We are looking at bond yields up three basis points on the 10 year, five basis points on the 30 year that goes in
Prices and the economy depends on the course of the virus the committee will maintain its purchases or increase to smooth market funding it repeats for the second time that it seeks inflation moderately above 2 . This is a carbon copy of the last statement i counted seven words changed and none of them really substantial or meant to convey any particular meaning i think that reflects the big changes. Jim was saying last time exceeding the 2 inflation goal and theity si itdesire not to mo many waves while the country counts votes in this president ial election. The other dissenter did not attend the meeting due to the birth of his second child. Congratulations to Neal Kashkari absolutely. Well spend half an hour dissecting those seven words what do you think of jims point, which is the absence of stimulus may have put the fed even more under a spotlight to do even more absolutely. I think thats true. I think the fed will feel pressure to do more, but it creates an interesting quandary,
Chairman of the American Enterprise institute or trustees. Its my pleasure to welcome you to aeis irving urban kristol e summit, featuring renowned scholar nicholas eberstadt. Nick holds the chair and political economy at aei. Nick is being honored with this years Irving Kristol award and is simply put one of aeis and americas great intellectuals. At this moment in our nations history, his work and his lecture today will point the way forward for our country and offer a vision for how to revitalize our nation and oppose pandemic world. His scholarship and that all of aei scholars has served to help americas leaders navigate our nations the story challenges throughout the course of this year. Although many challenges still lie ahead, aei is wellpositioned to meet these headon by supplying the visionary thinking and actionable policy solutions that our nation needs. Aeis college will promote free people and free markets, increased economic and social mobility, revitalize constitutional o
My name is dan, chairman of the American Enterprise Institute Board of trustees. It is my pleasure to welcome you to the urban lecture it summit, featuring nicholas eberstadt. Tok holds that henry went chair in political economy at aei he is being honored with this years award and is one of aeis and americas great intellectuals. At this moment in our nations will pointcks work a way forward for our country and offer a vision for how to revitalize our nation in a postpandemic world. Nicks scholarship and all aei histori navigateders historic challenges. Meets wellpositioned to challenges headon by supplying the visionary thinking and actionable policy solutions that our nation needs. Aei scholars will promote free people and free markets, increased economic and social mobility, revitalize constitutional order, bolster american civil life, and promote americas leadership in the world. On behalf of all of us at aei, thank you for your support that makes our vital work possible. In the spi