The European Commission has approved astra zeneca as corona virus vaccine for use across the e. U. After medical regulators gave the go ahead for use with people i think years and over astra zeneca is vaccine is the 3rd to win Regulatory Approval the e. U. Is facing widespread criticism for the slow pace of its vaccine role that. After a 13 year legal battle a dutch court has ordered the energy multinational shell to pay compensation for oil spills in the niger delta the case was brought by 4. 00 nigerian farmers whose land was polluted the amount of compensation still hasnt been set shelter not as the allegations and has blamed the leaks on 7 touch. This is data news from but then you can follow us on twitter and instagram at the deadly news or visit our website to be found at data dot com. The rabbits were in the European Union and vaccine manufacturer astra zeneca took an ugly turn today as the Worlds Largest trading bloc gave Member States the power to ban the export of vaccines so
The fate of this company. And not what we expect but. If we hoard and if we have not sharing. There will be street major problems that aim. To provide immediate leet was full time staff and c one i save it would be a catastrophe more than failing as a protection and safety of our citizens piece of it and. It keeps the funded me better. Very mindful of. Commitments and 3. Very slow economic Global Economic recovery. Also coming up the battle between Small Traders and the giants. Of wall streets but can anyone really win thats what it is the regular joes versus wall street and when i put money into it i said even if this goes to 0 and i lose everything i like being a part of it that sentiment is shared amongst a lot a lot of people. Welcome to the day will regulators have approved astra zeneca as corona virus vaccine for use in the European Union the European Medicines Agency gave the go ahead to begin in occupations in people over the age of 18 the approval comes amid a bitter dispute b
Good morning, welcome back to squawk box right here on cnbc this morning. Im Andrew Ross Sorkin along with joe kernen and kelly evans. Becky is off today lets show you where futures stand at this hour maybe 12, 15 hours after President Trump returning to the white house. The dow looks like it would open down marginally about 63 points off, nasdaq off about 83 s p 500 off about 15 points. Lets also show you treasury yields as we speak, well show you the ten year yield right now, you are looking at 0. 763. Meanwhile ill pass it over to kelly. Thanks for joining us this morning. And youve got the news on President Trump. And before we get to that, joe, we were just joking about, you know, you and me we could banter and we were in studio and andrew wasnt and now, you know, were all no, you are in studio still im still here. Ive been here since april and i like it here there is no delay. Is that are you wearing orange or that red i think that were in sync sort of yeah, it was an orangey red
This as crude is also getting a lift. We were talking about the deal between the opec members cutting back supply. Take a look at the high yield etf, this as the fed says they will support the fallen angel market, those credits downgraded on march 22 from bbb to bb. Take a look at this curve. Yields on the front end falling after thesis points fed said that they would expand their facility program, buying shortterm notes from issuers as they engage in some deficit financing. I want to bring in our next guest. He has been talking about bears in hibernation as the fed is trying to increase that 2. 3 trillion stimulus program. Some of the small and midsized businesses. Some of the jobs numbers this morning. We got reaction from fed chair jay powell. He spoke earlier. Take a listen. We are deploying these lending powers to an unprecedented level, backed by the congress and treasury. We will continue to use these powers forcefully and aggressively until we are confident we are solidly on th
Eeked out a two basis point gain but it could have been worse and it should have been worse and was at one point in the day very ugly but the nasdaq rallied in the close taking the market with it. I kept from the very beginning, from the opening bell, where are the sellers. Where are they why arent they reacting to that ugly warning that we got monday from apple why is everything no matter how negative treated as a buying opportunity. It is like there is always something to be said for instead of and i think i know the answer. I think it is the index funds. 60 is coming in via index funds and they buy everything, including the stocks that should be getting hammered by bad news. And they buy in waves and they are in control of this stock market not mutual fund or Hedge Fund Managers either. Yes, index fund buyers i know people call this market a bubble and blame an easy fed but maybe, just maybe, listen to me, there is no one toblame. You simply have Many Companies doing well and compan