Clearance. A grand reopening. Thee johnson will outline strategy today, expected to include an increase in Community Testing andriy incorrect reintroduction of tougher restrictions. Biden iselect joe said to have landed a longtime advisor as his secretary of state as the president reportedly moves closer to banning tech exports to dozens of chinese companies. 7 00 and in london, from first, and 10 00. In three weeks, there will be a vaccine for everybody and herd immunization. This is the standout note from fauci. We will vaccinate. 7 of the population. These are big ambitions. Annmarie they certainly are and the news over the weekend from the head of warp speed saying we could start in potentially three weeks, but it is only going to be december 10 when the fda looks at approval for the pfizer vaccine. You made a good point this morning, the fact this is the developed world. What remains in the developing world could be a difficult picture. Isus a question for markets if so risk on, t
Been absolutely lights out. The best november since time began, and maybe that is what we have, whatever you view on the election. But with the bombshell from pfizer on a vaccine, the market goes straight up. The president radio salad for four days, and we get a tweet for fourdio silent days, and we get a tweet out this morning. In this moment, we continue to see i am going to call it a second surge of market performance. Jonathan this morning is not about the politics. It is about the science. You can take the narrative and put it in the shredder this morning. We hope at some point in the nottoodistant future, it is conclusive. That just brings the cyclicality back into this market in a huge way and breeds some life back into that rotation. The nasdaq still very much on top. It is very clear the nasdaq is not on top. The nasdaq is struggling versus the likes of the small caps. Tom we will do the data altogether this morning before we get to dr. Fazeli. The vix from 41 to 23, i have be
Transition of power. President trump, president elect biden, whose conferences and event coverage at cspan. Org. Thank you so much for being here. It is an honor to be here. I was delighted to read your book which i have decided. First book ive ever written. It must be challenging to create factual accounts of the pandemic, talk about that process. I can understand why people would think, why are you writing this . Im writing about the things we can fight about, i did really a step back, im not fighting about these as they unfold, not fighting about this or that government, im not talking on that but im standing back and saying okay, why a pandemic and why now . That is something to do because youve been reading my work, you know, ive been fighting a book, weve been saying this will happen, these are the viruses need to worry about what we need to do. So obvious the predictions were and we havent done all of the things we need to do so this was kind of the moment to repeat all of that
Highs of the s p 500 all the way to certain cases of covid to a fight between the fed and treasury and condemn it really money and pandemic relief money. We got progress from moderna and pfizer, making impressive headway for a vaccine. Trumps Campaign Still unwilling to concede the election. All of these headlines causing a tugofwar in the markets between longterm fears and hopes. These five days, we are trying to work out where to place our bets. Joe yeah, thats exactly right. As you mentioned, we hit record highs at one point this week. Today, not much going on. Despite optimism in some markets and more vaccine news, if you look at longterm yields, look at that. U. S. 10 year yield back down to. 82 . We were talking about will it break one . I do really feel as though we look at this economy, perhaps we will struggle a little bit over the next several months and it is going to be a very long time until we see any kind of rate lift off. Romaine it is interesting. You are now getting i
Despite restrictions to try and slow the spread of the crown of ours. Italy is reporting hospitals stretched to meet capacity and france is also struggling with a Record Number of corona virus. Patients at least 74 migrants believed to have drowned after the ship heading for europe capsized off the coast of libya. More than 100 people were on board when the incident happened in the port of the libyan coast guard rescued more than 40, its the latest in a spate of migrant bird sinkings in the mediterranean. This is news from berlin. You can follow us on twitter and instagram news or visit our website at www. Dot com. Which u. S. President trump predicted that the media would stop talking about the coronavirus pandemic a day after the election. Well, the election was more than a week ago, and people are getting sick like never before seen hospitalizations are at an all time high here in europe 2 weeks into their 2nd national lockdowns, germany and france say that the surge in new infectio