Everyone has no doubt used bandaids or tylenol. Those products are wellknown products produced by Johnson Johnson. Johnson johnson is also a giant in many other areas, and is now taking a leading role in preparing a vaccine for covid19. Its ceo is alex gorsky, a west point trained former military man who has done an incredible job over the last eight years making this company the most valuable Health Care Company. Now, some people say the most commonly spoken words in the english language today are can you hear me because of the zoom phenomenon, but i assume in your case, the most commonly asked question is when is the vaccine coming . You must be getting asked this every hour on the hour. I will do this as well. When is your vaccine coming . Alex its usually about every 15 minutes i get asked that. Let me start by saying i could not be more proud of the incredible work that our scientists and our engineers have been doing over the past nine months to put us in the position where we ar
What might change the trajectory of the race. It may come down to pennsylvania. If we win pennsylvania, we win the whole thing. This morning were reporting from the critical Battle Ground state, pennsylvania. Who are you voting for in 2020 . Joe biden. I decided that character means something. Is there anything that has given you pause about donald trump . I would say no at this point. The state of play with rahm emanuel, Chris Christie and our Powerhouse Political Team. And Pierre Thomas with that alarming election interference warning and protecting your vote. Announcer from abc news its this week. Live from philadelphia here now coanchor martha raddatz. Good morning and welcome to this week. We join you this morning from the National Constitution center in philadelphia. Battle ground pennsylvania once again set to play a key role in this consequential and contentious election. Around this point four years ago, trump behind in the polls by 4 points ultimately winning the state in 201
Nix says the material could have an adverse effect. Government would like state leaders to do more. Check in on how markets are trading. U. S. Futures are coming online 0. 5 higher. We were bracing for some more turmoil this week after President Trump was hospitalized late friday. We havent had such big or huge losses. The president was headed to Walter Reed Hospital for treatment. Down a seeing it come little bit. 0. 3 . Gaining this after it dropped to its lowest level since june based not only on the uncertainty of the president s covid19 diagnosis but oil supply concerns. The dollar was sort of steady in this in the close. Fact that thehe u. S. Jobs report is pouring cold water on the outlook continuing the u. S. Economy adding fewer jobs than forecast in september. Are releasing this tension in the markets where you aresee how reluctant bulsls to give up their positions. This is where the nikkei 225 chicago futures are. Up just about 0. 5 at the moment. Across asia we are looking
Changing condition. Futures point higher in sydney and tokyo. The yen holding back. Almost everybody is softbank thinks the group taking a Group Private is a bad idea. We will look about the chances of such moves actually happening. Lets take a look at how we are kicking off trading in sydney. It is a public holiday. But we do still have the cash 4 in thep about 0. First two minutes. This comes on a busy week for australian traders. The budget where we are expecting to see assumptions made about a vaccine becoming available and we are also getting a report that is trillion is set to further lift that that australia is such a for the lift that debt ceiling with 4 billion u. S. Dollars with the debt ceiling being lifted higher to 1. 1 trillion. Looking at the aussie dollar ahead of the all be a. We are expecting no change. Markets are significantly pricing and now another rate cut. Before the end of the year. Dollar trading at 71. 67. In new zealand, two weeks out from the election. Kiwi
Lets bring in our guests today, arguing that stocks might not be so close to new highs for very long mike wilson, Morgan Stanley, back with us good to see you. Glad to be back. 10 correction is the most likely outcome why is that . Its a continuation from the call we made in september where we got a 10 correction. We walrallied back all this comes back to our framework. We look at the valuation its pretty full volatility has picked up because of the events they know are out there, whether its the virus, the second wave, or the election the premium we believe is a bit understated from where it should be thats all were saying. Its full here these risks are not going away for the next 30 days theyll be with us so, look, the range we put out in august, 3,100 to 3,550 holds. Were still bullish on the vshaped recovery, the call we made a while ago we think its a new bull market. But its risk reward and the risk reward for the upper end of the rage is not that good. If the facts change, could