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
Up to deliver vaccines to remote areas. We start on wall street where the Stock Market Rally continues with the s p 500 and nasdaq closing at new record highs. Americas Top Companies are reporting better than expected results. The senate is inching towards passing President Biden s 1. 9 trillion stimulus package. And theres been another fall in the number of americans filing forjobless benefits a sign the Labour Market is stabilising. There are still huge problems facing the worlds biggest economy but investors believe the flow of cheap money from the Federal Reserve will keep on coming. The biggest problem isjust that we have 20 million americans who are still in some state of receiving Unemployment Insurance benefit so we still have a really long way to go on the labour front and that take quite a bit of time to resolve. But gdp and output may recover faster but it will take more time to employ that many americans. I think it means that for market, we now believe that for market, we
Looking at chinese data coming out confirming the momentum of the return. We have pmi data. Is a look at the benchmarks we are looking at. Some of the foreign exchanges and commodities. Climb. Ing a massive up 3. 4 . The dollar index is moving up. We have seen this drop alongside the oil prices as well. The dollar is one of those in the crosshairs. Gold is steady. Lets get to new york and have a look at some of the first word news headlines, here is karina mitchell. Coronavirus cases are leading to more lockdowns. Germany, and the u. K. Already increasing but controls. Than. S. Reported more 78,000 new cases over the week and after two Straight Days of National Records. Anger is rising across europe as governments impose new lockdown rules. Officials blocks travel from local regions. There is still no national clampdown. The u. K. Will go into lockdown again later this week while extending wage support for four load furloughed workers. South koreas export led recovery continued last mo
Area above highway 13. So certainly that was on everyones mind. This is the memorial to that firestorm but this time fire crews were in the right place at the right time. Black smoke rising from the Oakland Hills at 9 40 Tuesday Morning sent an ominous wave of panic. Oakland fire says what ignited the blaze is a gasoline generator hooked up because power was cut off by pg e because of the red flag warning posted for the east bay hills. It was a huge explosion. Its like i hear a neighbor saying its the generator that explode and then we see the fire all over the place and i started to shake and everybody just get panicked and started to run all over the place. Reporter this family lives next door. It was a second explosion and the fire went across the street into the other peoples yard. And the whole house just went up in smoke and flames, and then the cars exploded right after that. At least two cars. Reporter there were a total of four explosions as the fire tore through two homes, fl
Doctors, many of them from the bay area. What is your groups ultimate mission . So first i do want to agree with you that the governors staff have put together a really superb group from experts from southern california, nourn california, academic institutions, health departments, so it is a great group of people with a lot of expertise. My understanding is that our committee and there are other advisory committees relating to covid and the vaccine. Our committee is primarily being asked to review all the information as it comes out, about what we know about these new vaccines and to look very carefully at their safety, at their effectiveness and make recommendations to the state of california regarding their use. Ok. So essentially getting your sale seal of approval before its released to californians. What steps will you be for the efficacy. The trials that are currently being done and we dont know exactly when those data will become available, but presumably sometime in the next one