And the deal is worth over 44 billion in stock it combines two of the largest providers to wall street and so far 2020s largest dollar wise deal plus, youve seen it on squawk box gm and nikola announce a smaller deal on fuel cell systems doesnt involve equity and well get to more of it why those shares are down so sharply by the way, jim, great to have you back. A lot to catch up on that we missed talking with you about over the last few days as for moderna, another monday here, jim, with 100 on severe and more discussion that come spring we may have nearly ten of these things to choose from. A remarkable moment because it is true this is warp speed and warp speed is run by the army and going to go to longterm care facilities at the same time it is going to go to Health Care Workers and i think the good news here is it will go to a lot of people that no one thought they could get to very early you shotgun the entire level of when you include modrna and dont even talk about j j i think
Ande are very determined ouritted in implementing capital return policies. Been flashing our intentions to have a good, solid Cash Dividend but also complemented with share buyback. Welcome to surveillance. It is all about the u. S. Fiscal stimulus and the possibility of another Coronavirus Relief package may be before the election. They are making progress but still disagreements and that is weighing on the market uncertainty, especially in the european space. European stocks down for the second day. U. S. Equity futures pointed higher. Leading the decline by region. Tech outperforming. Energy is the laggard. The yield in the u. S. , they move down even amid some of the stronger risk off shifts we have seen. Strong three to six month treasury yields. Aussie dollar is a standout in the fx space. Central Bank Official said shortterm rates may fall 20. What happened is the rba unsettled investors who counted on the cash rate reaching a genuine lower bound, quite a sizable move. Brent cru
Google all on tap. All that and much more is coming up this hour power lunch starts right now kelly, thanks im scott wapner welcome to power lunch our reporters are all over every ae angle that matters as you know, today the busiest day of earning season. Meg tirel is watching the race for a vaccine as coronavirus cases continue to climb. And Steve Liesman has the details of a muchexpected gdt report hey, bob before we get to earnings, were having a nicely midday rally here let me show you the s p. Some technical aspects we broke above the earlier highs in the day. People do trade on technical calls on in kind of market you see that nice, quick, steady move up here there may be seasonal aspects coming into play, art cashin noting were moving into november, a seasonably strong period of the year for earnings, the early reports have just been spectacular here, generally half of the s p reporting now, 85 beating expectations and the key story is the average beat about 19 , way above the h
Thanks so much for making us a part of your morning. Im marcus washington. And im laura garcia. Well check in with mike for a look at the Early Morning commute in a bit, but vianey is in for kari. Good morning to you. How are we looking today . Good morning. Were off to a hot start. Weve got 70s and 80s right now and its not even 5 00 a. M. Can you believe it . San francisco right now 74 degrees. We are still under that heat advisory through 9 00 tonight because of these temperatures. San jose, 63. The fact san jose is or San Francisco is warmer than san jose really gives you an idea where were at right now. The wind speeds are calm at the lower level. High fire danger, ill go into more detail coming up in my full forecast. Mike . Vianey, you asked can i believe its not even 5 00 a. M. Yes, yes, we know. Over to the roadways, because its so early, very light traffic flow. Lets give you an updated look at the map. Green sensors all over the place. Much of your construction work has alre
Yeah, probably frustrating for a lot of people, power shutoffs persist this morning but in some cases power has been restored. This map gives you the latest look. Where the outages are and its mostly in the north bay and along the peninsula. Pg e plans to restore all power at some point they say today. Businesses in oaklands montclair district has power again this morning. They lost it about 20 hours ago. One Business Owner says hes becoming all too familiar with the same drill. Today is only one day. Also, its not a friday so its okay. We can survive. The north bay still feeling the impact. That wont help anyone get their wifi back which has been tough for anyone trying to work or learn from home. Decision 2020 for you this morning and President Trump and joe biden hit the south and midwest today after dueling town halls last night. Each candidate touched on the same issues but not on the same stage. Today in the bays tracie potts with reaction. I was flipping back and forth. Certainl