Jim, jon and shannon lets get a check on markets this hour. Stocks are plunging again. Off theirs worst levels and the nasdaq is the biggest loser of the day led by the Technology Names. The dow was up at one point this morning almost 250 points. Now has done a complete uturn and is down triple digits ina big way. Theyre off 425 points thats off the lows of the day the last couple of days, has it made you frightened of what could be to come no. Not at all i think this is healthy profit taking i think whats going on is this massive rotation from growth into value if you think about it, the russell 1000 growth index even after this pull back is up 21 year to date you know that apple and nvidia and zoom are up 340 from the march lows in is healthy i think the rotation makes sense. The reason it makes sense is because the Economic Data continues to surprise to the up side were recovering faster than anybody thought. This is on top of yesterdays data part of consumer manufacturing now youre
Moderna Coronavirus Vaccine trial. Youre said youre kouscautiousy optimistic tell us about your reflection on that data. There are various landmarks along the trial that could actually derail it at any given time the first that we saw was we went into a phase one trial very quickly, really with record speed. We did it with three doses and the first thing you look at is it safe . Clearly it was is it inducing the kind of response you would predict would be protected when the company and our investigators looked at the data in the first two doses of the phase one study in normal volunteers we found something that was really quite encouraging in that the immu y immunizations induces antibodies if this were the virus here and you had an antibody that bound to one part, it would bind like maybe to this part here which is not neutralizing because the business end of the virus is here the antibodies that were induced were ones that block the component of the virus that binds to your cells. Th
Right behind you, she is right behind you, mr. Harrison. Me the the algorithm . Yes sir. I preferred over euclidean. Erine has had the fortune of having hollywood shine a light on her life. There are people right here in West Virginia who had no idea of what Katherine Johnson did for nasa and the usa. , Hidden Figures cant when the movie, Hidden Figures came out, it showed the world how profound she was in the pages of american history. Katherine was hired as a computer. She came in and to did mathematical equations for nasa. What they did not realize is she was more than the a computer. She was a mathematical genius. That is what Katherine Johnson was. Godspeed, john glenn. Fact, john glenn, who said this computer thing not this actual computer here is theilt important part. He did not ask the mathematicians from m. I. T. He did not ask the mathematicians from stanford or harvard. He asked the brilliant mathematician from West Virginia State University to calculate his trajectory and
Halftime report starts right now. Welcome. Its good to have you with us on our wednesday. Jim lebenthal, Pete Najarian and from naples, florida, lizann sonders. Highs of the day, approaching big numbers, dow 30,000, nasdaq 10k, not that far away and cooperman weighing in on the state of stocks, telling us its not time to worry, yet. I would say were in the early stages of knocking on the door of euphoria but not quite euphoria certain parts of the market, like tesla, are in euphoria. Other parts, like energy, are in pessimism. These big numbers not all that far away, pete. All good, the market depends on what were focusing on. Are we focused on the coronavirus . If so, we go down. Generally were focused on earnings and we go higher. Thats where the market has been trading. Yesterday was interesting because apples with a little bit of both, right you look at apple. It was getting pushed down because of their guidance about what they were facing right now, what they were seeing Going For
Brought to you as a Public Service by your television provider. Now, West Virginia republican governor jim justice delivers his state of the state address from charleston. He spoke about education funding, health care, and investing in the Coal Industries in the state. This is an hour and 20 minutes. [ applause ] [ applause ] ladies and gentlemen, it is my distinct privilege to welcome this evening his exlen seicelle the honorable james c. Justice. [ applause ] okay. If yall dont want to be here all night, sit down. They got me wired every way you can wire somebody up, which is good. You know, the first thing i would tell you is its a great, great evening in the state of West Virginia. And i bless you in every way, and i thank you in every way for being here. You know, today is a great day, a great day in our state. You know, before we go any further, id like to recognize my family. You know, i havent seen you and catherine since you got here. But my beautiful wife kathy, daughter jill