Economic damage can be avoided. Speaking today, the ecb president Christine Lagarde said there is no doubt the pandemic will have a longterm impact on the global economy. It is clear that covid19 will cause lasting changes to our economies. Ourill not necessarily suck economy potential, if we act powerfully. But it will cause sectoral and societal shifts against which we have to guardian be prepared. Mark according to a new ecb report, governments and Central Banks face a tricky balance between shocking the economy if they and the pandemic support to soon and undermining it if they keep measures in place to long too long. Global news 24 hours a day, onair, and on bloomberg quicktake, powered by more than 2700 journalists and analysts in over 120 countries. Im Mark Crumpton. This is bloomberg. Vonnie it is 1 00 p. M. In new york, 6 00 p. M. In london, and 2 00 a. M. In hong kong. Im vonnie quinn. Welcome to bloomberg markets. Here are the top stories we are following on the bloomberg an
Nominees include tony blinken to be secretary of state and john kerry as the new special president ial envoy for climate. Following is a marx, Vice President elect Kamala Harris closed out the event. This runs 30 minutes. America is back. Ready to lead the pres. Elect biden hi, everybody. Ok. Good afternoon, everyone. Today i am pleased to announce nominations for staff for critical Foreign Policy and National Security positions in my administration. It is a team that will keep our country and people safe and secure, and it is a team that reflects the fact that americas back, ready to lead the world, not retreat from it, once again sit at the head of the table. Ready to confront our adversaries and not reject our allies. Ready to stand up for our values. In fact, in calls from World Leaders i have had 18 to 20 of them so far, im not sure the exact number in the weeks since we won the election, im struck by how they look forward to the United States reasserting its historic role as a gl
Get into that phil flynn, the senior analyst, Fox News Contributor as you know, adam joined us from agoura financial, jackie deangelis, we will be going through these numbers and sectors as you keep looking at this but alan, looking at it and i want to tip my hat to you because in the middle of this down graph when people were looking for barrels to go over with you said wait a minute, this is not as bad as it looks and sure enough you were proven right, going back to last march and where we are now, what can you do for an encore . Obviously we saw the market snapback as we seen every time in history, we are in a bull market, everything the market has thrown at it its been able to bounce back and bounce back the difference of a selloff, that is a lot higher move, you talk about the 10000point drop in the dow, that pretends 40000, that may seemed like a Staggering Number but its 30 above where we are now and lets remember the dow is 65 off the lows, there is upside left and until the dy
Comments. This runs 35 minutes. Biden goodect afternoon, everyone. Announcem pleased to nominations and staff critical positions in my administration. It is a team that will keep our country and people safe and secure. It is a team that reflects the fact that america is back, ready to lead the world, not retreat headbut again sit at the of the table. Ready to confront our adversaries and not reject our allies. In fact, in calls from World Leaders i have had im not sure of the exact number in the weeks since we won the election, ive been struck by how much they are looking forward to the United States assserting its historic role an american leader. The team embodies my core that america is strongest when it works with its core allies. This team has secured some of the most defining National Security and diplomatic achievements in recent memory, made possible through decades of experience working with our partners. That is how we truly keep america safe, without engaging in needless mil
Inland. It does get a bit breezy. Well talk about the wind in the complete forecast coming up in more detail in just a few minutes. Back over to you. A live look now at San Francisco. Health care work ares are could become some of the first to get coronavirus vaccines and it could happen in just a few weeks. The first does of pfizers vac soon could reach ucst and Zuckerberg San Francisco General Hospital before christmas. That is if the fda issue an emergency use authorization. Ucst says it is ready and believes it could have the vaccine three to seven days after emergency use is granted. It will take two doses of the vaccine to be protected against the virus. But there are report side effect including high fever, aches, fatigue, headache n another thousand person identify are trial, most people report feeling that after the second dose was inject. Ucsf wont immunize entire demeanor against covid19 at once. They are working the next day an they get the symptom. They might not be able t