Georgia, and the fight for control of the u. S. Senate live from cnbc global headquarters, the facts, the truth, the news with Shepard Smith. And good evening. As america faces whats expected to be the worst wave of covid yet, there is a groundbreaking development in the race for a vaccine. The drug maker pfizer announcing early data shows its experimental vaccine is more than 90 effective in preventing covid19 that would make it about as effective as the polio vaccine pfizers ceo telling cnbc we could have up to 50 million doses of it by the end of this year it is a great day for science. It is a great day for humanity when you realize that your vaccine has a 90 effectively. Thats overwhelming. The good news comes as the virus spreads across the country at a rate weve never before seen cases on the rise in 49 states over the past week 31 of them having their biggest spike since the pandemic began in the past eight days, weve had more than 830,000 new confirmed cases. Total hospitaliza
On united. Lower after reported earnings. United losing 1. 8 billion in the third quarter. Thats not a surprise. Everyone knows what has been happening. The numbers were a wider loss than estimated revenue fell 78 , coming in shy of expectations at 2. 48 billion. The metric everybody is focused on is the daily cash burn. They were losing 50 million a day at the end of march. They brought it down to 40 million for a daily cash loss. Bring it down to 25 million in q three. Their core cash burn comes down to we heard delta say we think we will break even in the spring united is not addressing that. We know that will come up tomorrow i suspect that united will give guidance liquidity. The company is stressing it believes it has the cash on hand to get through the pandemic. No one knows how long this will last, how long the airlines will be down, a year and a half or two years. But united feels it is positioned welcoming out of the third quarter. We have an exclusive tomorrow morning on squ
Georgia and the fight for control of the u. S. Senate live from cnbc global headquarters, the facts, the truth, the news with Shepard Smith. And good evening. As america faces whats expected to be the worst wave of covid yet, there is a groundbreaking development in the race for a vaccine. The drug maker pfizer announcing early data shows its experimental vaccine is more than 90 effective in preventing covid19 that would make it about as effective as the polio vaccine pfizers ceo telling cnbc we could have up to 50 million doses of it by the end of this year it is a great day for science. It is a great day for humanity when you realize that your vaccine has a 90 effectively. Thats overwhelming. The good news comes as the virus spreads across the country at a rate weve never before seen cases on the rise in 49 states over the past week 31 of them having their biggest spike since the pandemic began in the past eight days, weve had more than 830,000 new confirmed cases. Total hospitalizat
Live from cnbc global headquarters, the facts, the truth, the news with Shepard Smith. And good evening. As america faces whats expected to be the worst wave of covid yet, there is a groundbreaking development in the race for a vaccine. The drug maker pfizer announcing early data shows its experimental vaccine is more than 90 effective in preventing covid19 that would make it about as effective as the polio vaccine pfizers ceo telling cnbc we could have up to 50 million doses of it by the end of this year it is a great day for science. It is a great day for humanity when you realize that your vaccine has a 90 effectively. Thats overwhelming. The good news comes as the virus spreads across the country at a rate weve never before seen cases on the rise in 49 states over the past week 31 of them having their biggest spike since the pandemic began in the past eight days, weve had more than 830,000 new confirmed cases. Total hospitalizations are back up to where they were back in july, with
We he as we talk about companies that should be on your radar. Next week is monster reporting hi, carter, who is charting the action it was a big week for rates and areas of the market benefit from that. Most notably banks and other financials, but lets look at a handful of charts. The first i have is the tenyear yield chart. What you see is that for the first time in almost two years the moving average is flat and on the cusp of turning up. The point of a moving average, when you break above a trend or you can measure it and the automated average is a trend line, the trend is measured by the Inflection Point we have that by all accounts in tenyear yields. And the second chart is the same circumstance the moving average has been declining for sometime and is now declining and deflecting upward next, same circumstance. Do all turns persist could these faith and turn back . Sure. Most had earnings last week and didnt do that well, but the rate move has helped this area we think rates go