Comfortably. Hawkish headlines on china and weak Economic Data both weighing on market sentiment. The dow is down 300 points yearly it was down 350 about 20 minutes ago. We have 59 minutes left in the session. Big show coming up four. A true 2020 winner, et ceteray stock is up 250 this year we will talk to the ceo Josh Silverman about the holiday crunch and whether his companys momentum can continue. And arthur blank, cofounder of home tee poe, owns the Atlanta Falcons and atlanta mls team as well lets focus first on the stories we are watching today. Mike santoli is tracking the Market Action into the close meg tirrell has a vaccine update and phil lebeau has an update on nikola, that stock down020 today. Mike santoli first to you and the markets. A mild shake of the tree. Indexes backing off. Some of the stuff that was up the most this month is down the most today seems like a little bit of trimming there are probably unbalanced portfolios there you have we are roughly capped we were
And the deal is worth over 44 billion in stock it combines two of the largest providers to wall street and so far 2020s largest dollar wise deal plus, youve seen it on squawk box gm and nikola announce a smaller deal on fuel cell systems doesnt involve equity and well get to more of it why those shares are down so sharply by the way, jim, great to have you back. A lot to catch up on that we missed talking with you about over the last few days as for moderna, another monday here, jim, with 100 on severe and more discussion that come spring we may have nearly ten of these things to choose from. A remarkable moment because it is true this is warp speed and warp speed is run by the army and going to go to longterm care facilities at the same time it is going to go to Health Care Workers and i think the good news here is it will go to a lot of people that no one thought they could get to very early you shotgun the entire level of when you include modrna and dont even talk about j j i think
Pandemic. The Biden Administration is deploying 1,110 active duty service members, including teams from army, air force, navy, and marines to support five fema covid19 Vaccination Centers across the country. The first team set to arrive in california in ten days. The Biden White House also says it will soon utilize Defense Production Act in several ways to procure equipment and supplies for pfizer to make additional vaccine, to tap Six Companies to make 61 million at home covid19 tests by end of summer, and built factories to produce Raw Materials needed for nitrile surgical gloves. A billion pairs a month. All of that means jobs. All of that should have been done a year ago. The Biden Administration also isnt ruling out using Defense Production Act to aid in production of Johnson Johnsons one shot vaccine which is currently awaiting Emergency Use Authorization from the fda. That should come any day now. The federal government is set to ship 10. 5 million vaccine doses a week for the n
Administration is preparing a Sweeping Campaign to encourage americans to take the covid19 vaccine when its available to them and as vaccine supply increases. And it all cant come soon enough. The centers for Disease Control and prevention report more than 600 cases of the more contagious covid19 variants from the united kingdom, brazil and south africa across 33 states. According to the latest forecast models, an estimated 631,000 americans would have died from covid19 by june 1st. The mounting of a real federal response to the covid pandemic for the first time comes alongside the Historic Second Impeachment Trial of the former president who failed and refused to lead that fight. The second Impeachment Trial of the accused insurrectionist donald j. Trump begins on tuesday. It does not appear that there would be enough Senate Republicans to join in convincing the former failed president of his role in inciting the mob that attacked the capitol one month ago on january 6th and thats not
Years at the helm of siemens and activists point to massive human rights violation in violations of western china. Volkswagen plant their welcome to the show. Im Stephen Beardsley in berlin. The used to largest economies are signaling more help for business. As rising covert infections keep their countries in lockdown, french finance minister, bruno la, saying thursday, hes working on an aid package for small and midsize businesses, including rent relief and new tax credits. His german counterpart told reporters he will do everything necessary to cushion the economic fallout in germany. The government in berlin is currently working on a 10000000000 euro package to help restaurants and bars, among other businesses get more from chelsea delaney, our financial correspondent in frankfurt. Chelsea, how hard is this 2nd wave hitting european businesses . Were definitely seeing big divergences between european economies. If you look at germany, for example, what weve seen so far is a hit that