Warm welcome you watching r. T. International with me. Now last month russia became the 1st nation to register a Coronavirus Vaccine criticism from the west soon followed with claims that current corners must have been cut but most go now says its ready to move ahead with more widespread testing and the scientists have now published their 1st findings its the job sharing it does produce an antibody response ramon calls or a picks up the story. Back in the 11th of august russia became the 1st country to register a vaccine against 19 now more data became available just last friday that show that sputnik the vaccine pretty successfully produced antibodies in all 76 participants in early stage trials now other trials discovered that all patients not only developed antibodies but also non all of the participants showed any side effects whatsoever now a study was also published in the lancet which is one of the most respected medical journals in the world and a Russian Direct Investment Fund
Its a mixed day stocks reacting to the vaccine news josh, it seems funny to ask the question about tech on a day i showed you the index is having a nice bounce back day since that index hit its high on monday, 13th it hasnt traded all that well what do you make of that well, were working on josh browns mike maybe he did that on purpose since its my first day back joe, do you want to take that same question . There we go. I was going to say this is going well so far. What i said was first of all, welcome back technology can you hear me i can hear you. Amazon was down 12. 7 . Amazon was down that its 1999 all over again understand that 1999, once the names like microsoft rolled over, they were in a multi year decline where technology under performed. Thats not the case well be witnessing right now lit be a pause that refreshes. The fundamentals are strong for Technology Technology is the economy and there you go today, youve got amazon recovering 6 of the 12. 7 decline it witnessed last
[roll call] is commissioner safai present at this meeting . [roll call] we have a quorum. Thank you, madam secretary. Motion is awarded to vote whether to disclose discussions held in the San Francisco administrative code section 67. 1a. At this time i make a motion. Motion not disclosed. Ill second this. Moved and seconded. We will take Public Comment at this time. Madam secretary. Please open the phone lines. Members of the public who wish to provide Public Comment on this item should call 408 4189388. Access code 1467135208. Press pound and press pound again. If you havent already done so, please dial star 3 to lineup to speak. A system prompt will indicate you have raised your hand. Please wait until the system indicates you have been unmuted and you may begin your comments. Please state your name and make your comment. You will have the standard two minutes to provide your comments. Please let us know if there are any callers. Madam secretary, there are no callers. Thank you. Hear
That because there are a lot of people who just think if we can break through that then were going to be able to say when we get a vaccine its just going to be game, set, match for the bulls because we are already at this level without the vaccine i think that today is a confluence of goldman puts citi, wells fargo and jpmorgan in the rearview mirror. Its the old Goldman Sachs model. We have moderna talking up a blue streak this morning on squawk with meg making us feel like inject my left arm, please. We have the Goldman Sachs number that looks like the old days david faber, goldman reminds me of when i dont know, what, 18 years ago yeah. It is a report from goldman that is you can liken to sort of some of the earlier years of their dominance when they were only recently a public company, jim, or really lets not forget their record quarters were actually right at the end of the financial meltdown of 08, 09 remember the numbers they printed then but this is a very Strong Quarter for th
Waiting new tariffs on 3 billion of experts waiting germany, france. The nasdaq is falling. Abigail doolittle has been watching this. Why the sudden drop . Up. Ail reality is catching its has been disbelief for many market watchers as stocks have climbed. The nasdaq just yesterday at an alltime high even as we have had disappointing economic data. And more recently news around the virus hotspots in the u. S. Today the information coming out hitting stocks. The s p 500, the nasdaq down. It is a continuation of the big selloff we had two weeks ago. Volatility showing up in other asset classes. Bonds themselves rallying. It was a true risk off day. Virus fears weighing on stocks but another factor, the nasdaq 100, i was talking about an alltime high, it is amazing how far it has gone, climbing the wall of worry, now a bit of a pause if the bulls are lucky or if it is a steep uptrend, you could keep it parabolic. For physics that cannot hold. You could see potentially a bad decline. Hopefu