Via the coronavirus, and there is not much of the fed chair can say. Coronavirus is making all the decisions on the economy. Weakersales coming in than expected, actually the weakest since april. The High Frequency we have seen since then suggest the economy is slowing even further into november. The problem of course is there is no help from the fiscal side in washington, no talks about any additional covert relief package. Getting to the end of the year, most of the cares act expires. So people are looking to the fed, particularly people in the markets. They are looking at the yield curve, which has steepened slightly, still under 1 on the 10year, but there is a feeling that if the fed wanted to do something they could start buying at the longer and, changing the weighted average maturity of their purchases. If they did that, push down on Interest Rates. There is a feeling they may do that in december to send a message that we cannot do a whole lot to stimulate the economy but we are
Use authorization its covid19 vaccine. You can see pfizer punching up about 1. 7 at the moment. Remember that were looking at a comeback perhaps late in the day, in the next 59 minutes, because that is the dow had fallen 430 points, now we are down just 116. Any gain for the s p, the russell or the transports means another record. Were not there yet right now. The nasdaq up 9 points. Fed chair Jerome Powell also giving markets a boost by calling on congress to get moving, already, on a new stimulus package. Former chair of the council of economic advisers under george w. Bush and now Columbia Business School emeritus dean, Glenn Hubbard is here on whether we need it, how big it should be and how worried he is about the precarious recovery. The ceos of facebook and twitter forced to run the Senate Judiciary committee gauntlet on capitol hill once again. One senator equating the social media sensations as quote, modern day robber barons. The ceo of whats being called the antifacebook is
And throwing a little excitement into the game. Bonds are higher. That supports the bigger decline we had for the s p 500 earlier. At this point again we are seeing for bonds, the decline in yields probably more outsized than the pullback we have for stocks. Perhaps there is some volatility, but not today. One place there was movement was in Prescription Drug sales. Amazon has decided they will come to that business. Higher on then news they are opening an Online Pharmacy where they will sell drugs on a digital basis. Discounts to prime members. On this you have the likes of sourcelgreens, amyris from anything involved in the drugstore supply chain down in a is way as the commerce giant getting into the business. This has been thought it would happen for a while, but now that it is here come easy the big selling pressure in the health care chains. Amazon off the highs but in a hohum day is up. 7 . David thanks to Abigail Doolittle for that report on the markets. The ceos of facebook an
Facts. Both george bush. And Michael Dukakis. Said their selections of a running mate. Would reveal a lot about themselves. And based on the history since world war two. There is almost a fifty fifty chance that one of the two men here tonight. Will become president of the United States. The candidates are. Senator dan quayle the republican nominee. And senatorfor the next ninety minutes will be questioning the candidates following a format designed and agreed to by representatives of the two campaigns. However there are no restrictions on the questions that my colleagues and i may ask deceiving. By prior agreement between the two candidates the first question goes to senator quayle. And you have two minutes to respond. Senator you have been criticized as we all know for your decision to stay out of the vietnam war. Or your poor academic record. But more troubling to some of the comments that have been made by people in your own party just lastly former secretary of state said that you
Their candidates for septembers legislative elections despite warnings from government officials that their actions may be in breach of a new security law imposed by china. Watcher stone is a free man after the us president commuted the sentence of his former he had faced crusade for lying to congress. Michael its good to have you with us 25 years ago today serb forces captured the boston town of srebrenica and carried out europes worst massacres since the 2nd world war a ceremony is underway to remember the thousands of muslims killed in the atrocity the anniversary is being marked in the shadow of the global. Coronavirus pandemic which has not only meant that commemorations have been scaled back but it also again delayed appeals hearings in the trial of the main culprit serb general ratko not it was eventually convicted of war crimes and genocide but the families of the deceased are far from closure. Just 3 bones and a piece of cloth is enough to shed light on a sad fate one of 8000