This astrazeneca oxford. I do say at this point, carl, you get the pfizer news about germ germany. What you have to watch is the crawl underneath there will be endless buying and things like vaccine inc. And im seeing buying of glaxo i think people want to calm down i have sorrento tonight. Not all news are good. 100 companies doing vaccines and lets take a breath because other things including a stimulus which is needed if the vaccines fail. The analysts are not discouraging traders or investors from trying to play the vaccine race jpm cuts moderna run and no one is preaching a message of slow and steady wins the race here. Nova just continually up. People who love these. Mark cuban had some great comments, carl people who come to this market, initially were in the early phase of this, but people who cannot resist. When i get up at 4 00, 3 30, theyre in there buying these stocks i dont know who these people are, but theyre having the time of their life and i just hope they take someth
Fox friends he is considering delivering his Convention Speech from the white house, an unprecedented move. Joe biden is not even going to his own convention. Well get reaction from Deneen Borelli. All that and more on making money. Charles folks, major indices are marching higher, despite a early report from adp on jobs. That was a big disappointment. Stocks are climbing focused on the Stellar Service data and drop in crude inventories. I want to bring in spotlight assets shana disel, and phil blancato, mike lee, of mike lee strategies. Phil, let me start with you. I like what im seeing from Economic Data. We sort of wrote it off as a lot of states started to stall or pull back reopenings. Going back to the ism manufacturing data. All the Regional Manufacturing date, service data today, maybe the v is getting stronger, not weaker. What does it mean if it is for the economy and the market . Ebb tide becoming high tied. We were in the ebb tide last few weeks. Manufacturing numbers told
Welcome to daybreak asia. We are coming down to ages major market opens. Haidi the top stories this hour. The market searching for motivation as a tame u. S. Inflation report the case for a fed rate skip. A weak 30 year option. Alibaba returns to Revenue Growth across all major divisions define chinas define chinas economic woes. Bloomberg learns chinas market regulators will meet developers and financiers on friday seeking solutions to a worsening property crisis. Kathleen we are waiting for the Rate Decision from the banco ce ntral peru central bank. Expected to hold again even though inflation is falling. They did holder key rate at seven and recorders percent exactly as expected. We are going to be looking for messaging because Goldman Sachs had predicted they might cut their key rate today because inflation has had a nice downward trend lately. If not today they will do it at their next meeting. That is the latest from latin america. We will be waiting for any Additional Informati
Seeing a bit of a bounce as were about 85 of the way through earnings season at this point in time. A lot of questions we talked about last hour, you talked the hour before that about the overbought status of the market, how we reach peak fed. A lot of fed speak this morning. Looking ahead to cpi and ppi later this week. Ppi on friday in the wake of some of the international ppi numbers, which, of course, are negative in a lot of cases. Meantime, banks helping to lead, better than a percent. Industrials up a percent berkshire up a couple of bucks. Berkshire helping lift other insurers because they showed how much of a tailwind higher rates have been to their business. Now sitting on 150 billion worth of cash, buying 10 billion worth of treasuries every monday as we pointed out, today is monday yes see what ackman says about that. In the meantime, rbc raising e s expectations for the s p for 23 and 24 by 1 and 2 respectively she does maintain her yearend price target, concerned this yea
Staggering. We will talk to the head of the National Organization for Rare Disorders about the scope of the problem but you might be surprised as i was. We will talk to the ceo of a Company Working in this area about the process for getting treatment approved and a look at some of the stocks involved in this opportunity to invest in Companies Working to treat or even cure these diseases. First, a check out the markets. The stocks are mixed following the latest on inflation we got this morning. We have the nasdaq composite up about 6 10 of a percent. The s p 500 a pretense. Nasdaq just about flak to the downside. Les is bringing like santelli for more on the reaction to this mornings pce number. It was about what we had forecast but still hotter than what the fed wants to see. I would characterize the market response as mild relief that it was not a surprise forecast. Weve had two or three in a row. They could come in hotter than anticipated. This was at least on target. It was warm in