Conversation. This is half an hour. Good afternoon. Welcome to the 547th meeting of the Economic Club of new york in our 113th year. Im mike oneill. This mission is as important today as ever, as we continue to bring people together as a catalyst for conversation and innovation. We proudly stand with all communities seeking inclusion and mutual understanding. A special welcome to guests of our members and members of the Economics Club of chicago and washington, d. C. Weve also been invited to join the web i noor today, as well as the 2020 class of fellows. Before west berth gin, i would like to welcome our Health Care Workers and First Responders to keep us healthy during this time. Dr. Stephen hahn was sworn in on december 17th, 2019. Dr. Hahn is a dedicated clinician. His previous leadership roles, hes carefully balanced executive management can clinical time to serve his oncology patients, his true passion. He served as chair of the Radiation Oncology Department at the university of
The elon musks qualifies for a package as teslas average market valley reaches a milestone. The big test comes today as the electric car maker reports. Welcome to daybreak europe. We are seeing a little bit of a mixed picture in the as ingestion, perhaps slightly slower for asia index. We have some breaking news coming through just now. Akzonobel saying covid19 will continue to impact the second half of 2020. It also says that headwinds related to covid19 eased during the quarter, so that is a quarter they are reporting on in terms of the Second Quarter. Saying that results showing a strong focus trying to get through the rest of the line on that headline. Basically in terms of the quarter we are reporting for the Second Quarter, covid19 eased headwinds related to covid19 eased but it will continue to impact the second half of 2020. Akzonobel saying it suspended its 2020 financial ambition due to the pandemic. That is the guidance coming through from akzonobel. Coming up, we will speak
It will have to wait. The word from u. S. Congress as the next tranche of stimulus may not come until august. President trump holds his first briefing and says wearing a mask is patriotic. And mixed picture for stocks but the euro holds onto gains after hitting an 18 month high as european earnings continue. Beatics company abb estimates and we will speak to the ceo shortly. And elon musks next payout. The tesla ceo qualifies for 2. 1 billion more as the market value reaches another new milestone. The big test comes today as they report earnings. Under one hour away from the start of cash trading in europe. Lets take a look first off at futures. They are down. Looking at jobs of about. 25 to. 33 . The euro is one of the most interesting stories today. What do you see on the gmm . Got a little bit of weakness coming through in the Asian Session, down. 2 . Some breaking news. I mention it because it is good news. Operating, a business in u. K. Retail, i had to read this twice to make sur
The Economic Club of new york is for discussions on economic, social, and political issues. This mission is as important to have ae continue catalyst for conversation and with all communities seeking inclusion and mutual understanding. A special welcome to guests of our members in washington, d. C. , who have also been invited to join today. Before we begin, i would again like to thank our Health Care Workers and other frontline workers for all they do, particularly in these challenging times, to keep us healthy and safe. I would now like to introduce dr. Stephen hahn, the 24th commissioner of food and drugs on december 17, 2019. Dr. Hahn is a dedicated clinician, having trained in radiation oncology and medical oncology. He has carefully balanced executive management with clinical time to continue to serve his true passion. Prior, he served as a chief medical executive at the. Niversity of texas of theed as chair Radiation Oncology Department at pennsylvanias traveling school of medic
Coronavirus vaccines produced neutralizing antibodies in all 45 trial patients. One analyst just gave it the highest price target on the street he will join us. Power lunch starts right now welcome, everybody great to be with you the Federal Reserve has released its beige book for a closer look at the economic recovery well have more on that as we dig through the headlines. We want to get it to you fast, we want to get it to you right we want to go to bob for a check on the markets hello there, tyler. We are sort of right in the middle of our 40point trading range in the s p 500 weve been stalling out at the 32, 33 level thats where we started the year thats where the june recent highs were were having trouble getting over that. The s p this week, about a 100point range. The good news, optimism on vaccine. The bad news is the reopening reclosing story is murky, causing a lot of stocks momentum apple up tech down today. Travel stocks, you see the optimism on the vaccine front, travel st