Out of 5 segs laeout of 5 segs s out of 5 segs laessions last we. A lot of that potentially around the possibility of vaccines. Well talk to dr. Scott gottlieb about that pfizer already saying that its made several hundred thousand doses of its vaccine they could have 100 million ready by the end of the year if they receive approval. Lets look at whats been happening in the treasury market this morning as well last week you did see those treasury yields under some pressure this morning back a little higher yielding 0. 774 . Thanks, becky busy day ahead lets look at the squawk planner. A group of Oil Ministers are meeting today. Theyll be talking about the weakening demand and increased output by some members immediate action is expected on the economic front, fed chairman jay powell will be speaking at the International Monetary fund meeting at 8 00 eastern time then we have some earnings news. Ibm, the big name to watch its going to be reporting Quarterly Results after the bell of cou
Also up on the s p. Thend pingpong and pound pingponging around today. I think it was a reuters report talking about the fact that we hadnt made any progress in the brexit talks. Then we got the legal action and the fact that there was a landing zone, particularly on state aid, and that fishing was the only area that we didnt have a deal done. Subsequent to that, we start to see the pound rolling over again. We did see commodities generally do well last month. Crude down, burned trading just north of 40 brent trading just north of 40. Alix nancy pelosi is having a press conference, saying she is talking about how to go forward on really else. She is still ash really ills on relief bills. She is still hopeful, going against the report that she was skeptical. Euro still trading up 0. 3 . U. S. Is politics in the the European Union is starting Legal Proceedings against the u. K. The move was announced by European Commission president ursula von der Leyen Urszula by European Commission pre
They will offset anything that ipos youpen from the mentioned. Did the work today and power of the top 10 stocks is phenomenal. That translates into the broader index. When you take those cash return yields and compare those, you can make some basic assumptions about the cycles going forward, economic growth, drawing in classic recovery. 3200, 3250. I want to be buying stocks hand over fist. Romaine you have some Great Research year, breaking down these evaluations. Curious, once you get beyond those big cash generators at the top of the market here, we saw this week and lastly, a lot of people buying what would be at the bottom of the market. A lot of those fallen names in the industrial space on the general idea that those valuations were too low and if you are a believer in this recovery, then why shouldnt you be in a fedex for packaging corps. Dennis i would ticket a step further. Of the fed has made it clear that they want real rates to be negative. On an applied basis, if you tak
So were keeping a close eye on that. We have David Rubenstein joining us from the carlyle group. He has a great book out about Technology Giants who lose their worth after they get over a billion. It is gravy apparently after that according to him. Well get the latest on new york city. We know the possibility restaurants there will be closed through the end of the year. Now word that schools will open up but not for another couple weeks. It was supposed to happen by the 10th. Now pushed back to the 20 first. Even that looks kind of dicey. The big apple and all the problems apparently cant stop. It feeds on itself. Back to the major story, the lead story, the president of the United States going to kenosha, wisconsin. Normally president s when they hear local leaders are complaining they dont want to see them they back off. Not this president. Not this time. Mainly because not all local leaders feel the same way. Well talk to one congressman who welcomes the president. Says the city and
And were going underground on the one Year Anniversary of Boris Johnsons 1st full day as Prime Minister a premiership so far defined by the alienation of potential Global Trading partners accusations of dropping the ball on perceived foreign threats and having one of the worst for capital coronavirus death rates in the world coming up on the show as some labor politicians in the u. K. Call for the closure of this t. V. Channel we investigate the stories not covered by Mainstream Media around the world from china to syria to yemen with the gray zone to mix blue and gold and is russia controlling peers in the house of lords as intelligence and Security Committee appears to allege we asked conservative piano about formally of the Lords International Relations Committee how many of. Sits on the red benches the small coming up in todays going underground the 1st u. K. By mr Morris Johnson claimed that this weeks you gain teligent in Security Committees so called russia report showed allegat