Going after one company that is very close to home we are closing to a working vaccine than you might think so says biotech expert here with us on this tuesday, september 22 this is cnbc. Good morning good afternoon good evening welcome wherever in the world you may be watching. It is a jam packed show today nasdaq futures with an implied open actually in the green this is all ahead of another downed day and major average the dow dropping another 500 points for the third day in a row. The first fourday losing streak since september. The nasdaq is on pace for the worst month since march. Index now down 8. 5 since the first. If we lose more than 10. 8 , it would be the worst monthly performance for the nasdaq worse than the march lockdown month. It looks like nelson may have nailed it. He sent out a note saying the nasdaq could fall 20 because it was just too overextended. Speaking of all of the stocks in the index, only 10 are higher in september they include zoom, seattle genetics, ali
The ceo of sanofi says they are ready to produce a billion doses of its vaccine available next year. Making a vax on on a platform year in and year out. We are doing it in partnership and other Global Companies defend or delay the u. S. Government gets an ultimative President Trump says safety is his main concern they are working to see if they can make a deal if they make a deal, theyll need to bring it to me safety is the predominant factor a warm welcome to street signs. Lets look into the final markets. It is a mixed picture. The ftse 100 up a little higher. Yesterday, we did see that uk benchmark underperform falling 1. 3 overall the stoxx 600 fell by about 1 wall street plunged to the close on wednesday a bit of a catch up trade on wednesday to put these resent moves into context youve got the stoxx 600 trading slightly higher on the week. Down 3. 5 . On pace to win a resent win streak it has been a strong period on pace to break a twoday win streak looking at the process, weve s
Budget set to be outlined in parliament today. Tesla takes the trade war in its own hands. Suing the u. S. Government and Robert Lighthizer over the tariffs over imports from china. A warm welcome lets kick off the show with fresh numbers out of germany the Business Climate for the eve owe since september has come in a touch light. Current conditions 89. 2 for spent versus 89. 5. So just a touch light of expectations in terms of the expectations component, came in at 97. 7 versus forecast of 98. Slightly weaker but generally similar to what was expected the august numbers have also been revised we have the Expectations Index at 97. 2. These september figures and the forward looking part of this index has come in at 97. 7 for the month of september as business morale rises. This comes after data yesterday. The pmi flash for september showing that manufacturing in germany continuing to improve. Services contracted. Dropping below the 50 Mark Services trends in the economy we are going to
In a single session. Its worst ever single day. British drug giant astrazeneca halts the trial for safety review after an illness during its test. And British Airlines shares open lower ragging on the travel sector. A ton of Market Action here in europe. Lets look at how the markets are opening in the session a rebound coming together. Yesterday, the main benchmark dropped to 1. 61 in italian and french stocks. The market up and the cac 40 up 0. 7 initially, there was signs of trading coming through in the early moments on the back of this news late yesterday that they have halted their trials as one participant in the trial has fallen ill not enough to get the market down we are seeing positive momentum now. Lets look at positive sectors we have oil and gas up, telecom up and we saw the Oil Price Plunge wti falling 7. 6 brent down and we are seeing a bounce now utilities and majors are the best market. We have travel and leisure taking the biggest hit down 4. 4 we have a few stories c
Candidate. It is september 9. This is Worldwide Exchange here on cnbc announcer this is cnbc breaking news market selloff. Good morning. Good afternoon good evening thank you for joining us on an important morning. We are glad you are kicking it off with us. Futures this morning are higher. The dow is up 142. It is early. Nasdaq futures, they have been the one to watch they are up right now 170 points more than the dow. The markets taking another big hit yesterday. This is the continued selling we had from last week it appeared to be ramping up to begin our week here. Not just with Technology Names the dow falling 630 points yesterday, s p 500 closing down 100 points to end the worst and first threesession losing streak since june. Big tech taking the brunt of the impact notable declines apple down nearly 8 or 7 microsoft shedding 11. 5 a share, also on the rebound this morning. The stock everybody cares about that the market cares about is tesla. Tesla yesterday losing 88 a share. Mor